Ftmo reviews reddit free. -ftmo's business model is based on the failed challenge fees. In 3 months I was down over 10%. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. All purchases of the robot before the 13th of Nov will include Lifetime Updates. I just waited until it came. I hate that FTMO doesn't integrate with TradingView and wish they had more futures to trade. The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. ADAM is optimized for trusted prop firms like FTMO. with FTMO you can get a practise account and test fills , spreads for 14 days. FTMO developed a unique 2-step Evaluation Process for traders. I've done challenges on both and I personally prefer FTMO. I have downloaded the cTrader from the FTMO website and I tried to login with the login credentials from my FTMO account but it failed. Various reviews indicate: This FTMO review guides you through the FTMO Challenge, including the signup process, member dashboard and trading platforms. Welcome to FXGears. It looks like a good option to the well-known FTMO. 5 months per scale up. Having reviewed trading opportunities offered by the company and reviews posted by FTMO clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the firm’s clients are fully satisfied with the Unpacking ADAM for FTMO 4 EA’s Features Exclusive Focus on FTMO and Select Prop Firms. Using more pairs without robust testing could Posted by u/mrcake123 - 14 votes and 97 comments I did not contact support. Based on these reviews, it seems that FTMO is a legit platform that offers a genuine opportunity for traders to trade with a funded Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. People bitch about higher cost and FTMO being 'plain jane' without all the bells and whistles, but that's what makes them great. With its varied funding challenges, innovative tools like Account MetriX and Mentor App, and a wealth of educational resources, FTMO offers a comprehensive platform for traders seeking to maximize their potential. 4. You don't blow your account but you get kicked out of the program once you hit daily 5k loss, which is pretty much the same. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. Editor’s Verdict. I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. Unfortunately, many are not quite right and many are misleading. The FTMO Challenge is the first step of Evaluation Process and educates you to master your trading habits. The rules are better than FTMO. The reviews and testimonials are all 100% organic. so let me clear things up: your trades never get placed in a real market. No issues. Can't go wrong with FTMO. It was the Technology Fast 50 Winner by Deloitte for the past four years, has prop traders from 180+ countries, a maximum profit-share of 90%, allows maximum leverage of 1:100, a two-step verification process, and has no strategy restrictions on the MT4, MT5, and cTrader trading platforms. You're not seeing what I'm getting at. Now they have removed US clients access to MetaTrader and are pushing DXtrade instead. Sep 9, 2024 · FTMO’s Evaluation Program provides traders the opportunity to manage account sizes ranging from $10,000 up to $200,000. Free Challenge: Earn a free FTMO challenge at the same size as your current account. The problem isn't prop firms or regulations. I say that because they have great customer service, cheaper prices than FTMO, great community and the owner engages with the the traders and does give a ways and discounts very often. so pretty much same amount. Trade safe! Jan 19, 2023 · FTMO Review. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. At that point the account is risk free. What do Alpha Capital Group's clients not like? The business has a good name, but it's still not as good as FTMO. The max daily loss is the thing you need to watch out for. FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and verification stage. The real question is do YOU have a consistent and profitable method? That is the real question. In a weird way, when I treat my FTMO accounts and personal account (connected with social trader tools) like demo accounts, I stop caring so much that it messes me up. It is if you have good discipline and have a strategy good enough to pass the challenge, and make it long enough to get your refund. Savings: Get a 10% discount on all future FTMO purchases. Except with taking a prop challenge, you can pick the day when you're ready and if a lot of props removed a time limit, then even better. If you have any questions, feel free to let us know. Trying too hard and studying too hard has diminishing returns and is counterproductive. FTMO is legit, and I assume they have a lot of very successful traders. Thank you for the feedback I will definitely have a look at his YouTube channel and I do already know some of the basics on supply and demand , I have been watching another channel called Dave teaches and although his videos are long his strategy he uses look so simple and he trades with supply and demand as well as mitigation and imbalance on the 1m and 15m and from what I have seen from his May 10, 2024 · FTMO is one of the best proprietary trading firms in the financial market with the TU Overall Score of 9. For prop firms, these simulated markets serve as training grounds where aspiring traders can showcase their skills and potential profitability So lets do simple maths. Idk if you guys have read the actual lawsuit. I think so, but not all of them, people say why wouldn't they do it themselves, lest they forget max amount you can have is 400k on ftmo for example, so if he can consistently make profit on his/her own, they can do it on other accounts, and if they manage it after the challenge, take a % of what they make on the account, if they lose the challenge, they may only refund the service fee or The FTMO Challenge is the first step of Evaluation Process and educates you to master your trading habits. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. Jul 31, 2024 · In a nutshell: FTMO is an exciting top-notch proprietary trading firm loved by thousands of seasoned traders. We also take a closer look at the evaluation process, trading objective details and pricing. I am so hyped and a post like this motivates me a lot. . Traders can earn an 80% profit split, with the potential to increase to 90% through consistent performance. I wish people would give honest reviews instead of peddling. 377K subscribers in the Forex community. Bonus Rollover: Receive a 5% bonus when you roll your profits into a new FTMO account (withdrawable after 30 days). You have to be profitable to be able to make money on their 01 Free Trials of FTMO Challenge do not guarantee automatic eligibility for an FTMO Account 02 Each trader is permitted only one Free Trial at a time (you can delete it and start a new one) Traders can use our Free Trial demo account for 14 days. FTMO is a prop trading firm established in 2015, known for its structured evaluation process and profit-sharing model. 23 votes, 93 comments. - To be with other like-minded forex traders. When you finally learn how to trade consistently and generate profits, the sky is the limit. Funded traders can begin trading with up to $400,000 with leverage of 1:100 and keep up to 90% of profits made. We would like to show you a description here but the site won’t allow us. true. They also advise potential traders to do their own research, practice their strategies, and follow the rules before joining FTMO. FTMO has 5 stars! Check out what 13,593 people have written so far, and share your own experience. You need solid trades and mostly wins if you don't want to risk losing the account (I have lost 1 account total). But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. FTMO has 5 stars! Check out what 13,393 people have written so far, and share your own experience. Apr 28, 2024 · They acknowledge the pros and cons of FTMO and give suggestions for improvement. Rating. For instance, you are completely free to embrace whatever style of trading you’re comfortable with. I've done tons of comparisons. April 30, 2024 January 19, 2023. Always payout, every time. FTMO is reputable. Action Movies & Series; Animated Movies & Series; Comedy Movies & Series; Crime, Mystery, & Thriller Movies & Series; Documentary Movies & Series; Drama Movies & Series You need to study for it, practice, take notes and review them, learn with friends if you can and only try to take the test when you absolutely feel like you're ready. This is a testament to their exceptional service and trustworthiness in the forex trading community. Literally. I took the next 5 months off. Additionally, you need close any open positions on the pair it'll effect . The issue here is that you see all the 'success' stories and no failure stories. Failed the first one because I broke every rule I had. which is more than enough to pay out the traders that do make money (90%+ loose) So it's been a while that I know FTMO, signed up with them at the end of 2019 not long after it launched, but failed the tests (2 100k acc tests), I then switched to trading cryptos (on personal accounts) and been quite profitable with that, and more importantly learned to trade better! Guys i see to much bad news on borkers cfd like FTMO, MFF… and others. -Share FUNNY Trading These platforms provide access to live market data, enabling traders to practice their strategies, test new methods, or familiarize themselves with trading tools and platforms in a risk-free setting. 58 votes, 46 comments. Despite which of those options you pick FTMO will take 30% of your earnings. You can't open or close a position on certain pairs 2 minutes before or after a news release comes out that effects those pairs. I traded the demo account on FTMO with 40k for 2 weeks and reached 20% and also passed all the rules, for me its time for a real challenge. Sorry OP but that's a dumb question. The company offers an evaluation process to select qualified traders, funding programs, risk management tools, professional support, educational resources, and a thriving community of traders. professionalism ,longevity of FTMO. 65 out of 10. FTMO's 70/30. Just some side notes: If you don't hit the 10% mark in the challenge you can get another free challenge attempt as long as you adhered to the other conditions and closed with a profit. 1. seems like you guys have not understood how ftmo works. Rigorously tested on EURUSD and GBPUSD, ADAM is specialized for these pairs. | Read 41-60 Reviews out of 9,180. The problem was that mff was the their own "liquidity provider" so they manipulated the slippage and messed around with where and when the trades get executed. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. Took me an average of 1. com, a trading forum run by professional traders. 10%/month like FTMO is not realistic imo. I learned a lot in the past months, backtested a lot every fucking day mate. Tested Currency Pairs. None of the people that fail post anything up on reddit because there is no point, while the people that succeed (which is a tiny %) are on here having their 15 mins of fame before 99% of them inevitably lose the account which they attained through luck rather than actual trading skill. there are 50 prop firms operating as of now , but no firm can match track record . Time limit is only con bro. FTMO does have some downsides though the biggest being the news restrictions. This Evaluation Process consists of an FTMO Challenge and a Verification and is specifically tailored to discover trading talents. You need to demonstrate your experience by sticking to Maximum Loss Rules while making the necessary simulated profits of 10% of initial balance. in short it seems like they cheat by making you lose the money you invested to do some challenges to get an account with them (propfirm). 9 stars out of 5, based on 5,535 reviews . I'm a little biased though because I also trade bitcoin in addition to forex and the MFF's crypto spreads are horrendously garbage imo. Exclusive Access: Unlock a new, larger challenge option ($400k) at a discount. Some like corn are almost too ridiculously easy to predict and play with very low risk. that means 100K x 30 = 3m to trade with. FTMO official response: Hi there folks, thanks for your comments. I personally trade with them, but you have a tight margin of error to work with. FTMO without second thought. Here are my findings: WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. correct me if I am wrong You get 100K account for $4500 with leverage of 1:30. For now this is the end of my journey with FTMO as those who have been following my progress know I develop an algo in the MQL language. No "gotcha" moments or stupid fine print rules. The best prop firm besides FTMO AID The Funded Trader In my option. Aug 14, 2023 · FTMO is a leading forex trading platform that provides traders with the tools and support they need to succeed in the markets. I started back in March of this year. FTMO recently blocked new and existing US clients from purchasing new challenges or trials. FTMO is a Forex prop firm headquartered in the Czech Republic. The aim is to identify talented traders who are profitable and can efficiently manage risk throughout the two-step evaluation period. It took me a few weeks to get my sea legs back, but I was up 10% for April, which was my signal to try an FTMO free trial. If you have $1000, that's the exact same as having a $10,000 FTMO account; if you lose $1000 on an FTMO account of that size, they close your account. When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. The rules for the Challenge Passing help you handle risk management better. 5k is the max daily loss and 5% of the 100k is the max you can lose. Upon successful completion of the Evaluation Process, you are offered to trade on an FTMO Account with a balance of up to 200,000 USD. Nov 7, 2023 · So that you know, the price of the FTMO Robot will increase from next Monday (13th of November). You will never have worry about a "MyForexFunds" moment w/ FTMO. Mate, if you re-read my response, you'll see I covered your exact position as probably the only reason anyone would use this service. On my FTMO account under credentials with the login ID and password it also says platform DXtrade. It uses parameters tailored for the $100K FTMO challenge. com's Reddit Forex Trading Community! Here you can converse about… There's no such thing as a prop firm that isn't a scam, because they show you numbers that you don't actually have. There seem to be quite a few users leaving negative reviews. I mention all the other stuff, because there's a lot of people out there who think that just getting a funded account will solve all their problems, and I want to make it very clear that it will not. instead if you buy Personal account with 500 leverage in that same amount then you get $4500 x 500 = 2. On FTMO's YouTube channel, I was watching one of the videos about the process and they said in the video that you don't need to contact them because they already know your account is ready for the next step. as long as you don't resort to shady practises and align your trading style with them , you are good to go. FTMO has a dashboard that lists the times that the news will be released. Their scaling plan of 10%/4 months is more realistic. Nov 28, 2023 · Wrapping up this FTMO review, it’s clear to me that FTMO stands out as one of the best forex prop trading firms available today. Licensing will now include options for 6-month, 1-year, and Lifetime Updates. Congratulations! You’ve hit more than the target profit in 2 days and with only 7 trades! Great feat! Shows that waiting for your perfect setup and being disciplined while waiting is the key. Aug 18, 2023 · FTMO Reviews and Ratings. 2m. Ftmo is awesome and industry standard, I'm just not a fan of the "make profits in this amount of time" system, but if I'm not mistaken as long as your account is profitable they will let you continue even if you didn't hit the target. Commissions/spreads are low and competitive. Aug 20, 2024 · Our Take on FTMO. One big difference is that ACG has a lower 8% Phase 1 goal for its prop business challenges, which makes it easier for traders to pass. I used the same risk management rules as FTMO. You can see the thread about us on the most respected Forex review site - Forex Peace Army and see for yourself. FTMO actually gives you $100,000 to trade with. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. FTMO enjoys a stellar reputation on Trustpilot with a rating of 4. rjxjuap bnxkpm misf mysdb knjra zerybx eid gasq djmq zpi