Ftmo challenge reddit review. However, the set file lot sizes are quite risky. Very happy with myself and my progress, especially that I started trading less than a year ago. I also read some reviews on TrustPilot and it seems like the Daily drawdown is one of the main reasons why traders fail the FTMO challenge. Exclusive Access: Unlock a new, larger challenge option ($400k) at a discount. Traders who sign up for a Normal FTMO Account must follow these rules to become an FTMO trader: Pass the FTMO Challenge in 30 days; Pass the Verification Stage in 60 days; Place trades for a minimum of 10 days; Do not hit or exceed the 5% maximum daily loss limit Same thing with taking a prop challenge. if you want to succeed on anything know everything about something is very beneficial. I would say go for it but you won't make life changing money because of how strict their rules are. I guess that's where personal preference comes in because I'm perfectly fine with risking 0. They have promos every month. professionalism ,longevity of 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’ve been looking at other prop firms like FTMO, the5%ers, and true Forex funds. FTMO really doesn't like it when you risk a lot. . FTMO offers I felt ready, and started my first ever FTMO challenge on Monday gone, ended up making 9% this week and I am around €70 from the profit target of €1000. I plan on taking the challenge but it's definitely not as great as I thought it was. I have a Myforexfunds live account and have recently failed phase 2 of another challenge. Nov 7, 2023 · The set file lot sizes are the lot sizes Petko used to pass the FTMO challenge. That is the best way I got to get the funded account from FTMO. I got their service for 6 months. $250 FTMO Challenge: This challenge offers the same initial trading capital of $10,000, following a payment of $250. There seem to be quite a few users leaving negative reviews. Initial 10% profit target, reduced to 5% for the Verification stage after passing the Challenge. Even though every challenge participant has to pay in order to participate in the Challenge and get a chance at managing FTMO’s capital, the company provides additional tools to help traders with their trading, daily access to fundamental and technical analysis FTMO challenge's fees might seem steep at first glance, especially for prop trader hopefuls eyeing the larger account sizes. We will review your case and get back to you. I recently traded a FTMO challenge, however I’ve been looking at SurgeTrader for a minute. Welcome to r/FTMO_Forex_Trading! If you're here, chances are you're looking for some tips on how to pass the FTMO. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. I passed the 50k challenge where you had to make 5k (10%) over 30 days in just 4 days, but had to place trades for an additional 6 days to meet the 10 day requirement. I can demo trade just fine, I passed 3 ftmo trials one after the other. - Each challenge was done separately, months between one and another. All Reviews . 00 lot trade and that started the losing streak. Now I'm trading the 15k AUD challenge and currently at negative side -50%. You don’t get any of the profits from the challenge. Please participate in other subreddits (other communities on Reddit) to increase your Comment Karma points. Can funded account help with discipline? I have been thinking about it and started challenge, my thinking is that it can help me to stick to the rules as i know account will be terminated if violation of rules, which wont happen on personal account and i can blow it again. If you’re trading with Ftmo it’s pointless to check instrument prices on TradingView as they don’t have FTMO listed as a broker. I feel the challenge is more of a puzzle. The issue here is that you see all the 'success' stories and no failure stories. Sep 29, 2021 · FTMO is one of the leading firms in the forex prop trading space with over 6000 new members joining in 2020. Countless YouTube videos, Udemy courses, Google searches. FTMO enjoys a stellar reputation on Trustpilot with a rating of 4. FTMO developed a unique 2-step Evaluation Process for traders. It's a huge improvement for day traders at least. FTMO Challenge Swing: In this challenge, participants receive a starting capital of $20,000. FTMO is legit, and I assume they have a lot of very successful traders. 58 votes, 46 comments. I have lost several challenges and […] 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. 8K subscribers in the ForexForALL community. as long as you don't resort to shady practises and align your trading style with them , you are good to go. Tell me your experience with FTMO, is it worth it? : r/Forex Sorry OP but that's a dumb question. 6 pip spreads. What do Alpha Capital Group's clients not like? The business has a good name, but it's still not as good as FTMO. FTMO and other prop firms earn their money on people failing challenges. Trustpilot. It would be a shame to have high hopes ruined by someone with unclear intentions. 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. 59 respectively. A place to discuss forex strategy, ideas, analysis, and concepts. I took a 2. com's Reddit Forex Trading Community! Here you can converse about… FTMO Swing account type Trading and Drawdowns Traders use demo accounts, even after passing the Challenge. FTMO challenge. A place for all to talk about Forex. Many reviewers have shared their experiences of passing the challenge and verification phases, receiving their funded accounts , and getting their profit splits on time. /r/AMD is community run and does not represent AMD in any capacity unless specified. All information provided on this site is intended solely for educational purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity analysis or similar general recommendation regarding the trading of investment instruments. e impulse, corrective, impulsive etc. Let's face it, a lot of traders fail and lose money and I admit it myself, if I hadn't used a trader to pass my tests, I probably would have lost money from the Feb 20, 2024 · So many traders have taken the FTMO Challenge that you can find hundreds of Youtube videos, Facebook posts, and personal blogs from traders sharing their success stories and how they did it. We also take a closer look at the evaluation process, trading objective details and pricing. to be fair, ok over-leveraging. And looking where price moves to. 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. Please dont get me wrong as I have a very limited knowledge about profits etc. I got 2 more weeks to pass the challenge or breakeven to get a renew challenge. To answer FAQs, yes I’ve done lots of research on it and even read the fine print, so don’t come at me. Bonus Rollover: Receive a 5% bonus when you roll your profits into a new FTMO account (withdrawable after 30 days). "At FTMO - daily draw downs are equal to losses. Also make sure to read reviews online, like the FTMO review on this sub-reddit, before you get started. After a while it seemed better to simplify everything and just look at plain simple price action, I. The truth is prop firms like FTMO have a balancing act to perform. FTMO's 70/30. 32% and 4. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. But for the challenge, they're faced with the same problem as before. I’m not saying its not hard. com - Trustpilot Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. Their experiences can provide insights into the EA's effectiveness and reliability. You get the same platform and challenge structure as the real deal, allowing you to hone your skills and refine your strategy without risking a dime. It's been quite awhile since I've done an MFF challenge so my point of view may be outdated especially if they've improved the spread or not. Thanks heaps. 1%-0. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. The real question is do YOU have a consistent and profitable method? That is the real question. Quadrio offices Purkynova 2121/3, 110 00, Prague Czech Republic No. There's an interview with FTMO CEO where he mentions 94%trader fail the challenge. Passed my first FTMO challenge :) : r/Forex What are the pros and cons of FTMO? : r/Forex 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. I signed my contract 3 days ago and I still haven’t received my funded account until today. 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). The main objective of this first step is to gauge your discipline and the ability to stick to the Trading Objectives provided. is funded account really worth it? : r/Forex I just recently got my first FTMO challenge. While you, the trader, naturally want the biggest bang for your buck, prop firms simply can't offer massive accounts at rock-bottom prices. Feb 1, 2024 · This FTMO review guides you through the FTMO Challenge, including the signup process, member dashboard and trading platforms. 9 stars out of 5, based on 5,535 reviews . Country blocked - FTMO Country blocked How about a Free Trial? FTMO without second thought. Welcome to /r/AMD — the subreddit for all things AMD; come talk about Ryzen, Radeon, Zen3, RDNA3, EPYC, Threadripper, rumors, reviews, news and more. This Evaluation Process consists of an FTMO Challenge and a Verification and is specifically tailored to discover trading talents. 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. I would sa never pay regular price for challenges in MFF. It must’ve hit SL due to spread, I have an FTMO account and I know they’re not cheats, it’s in their best interest that you make money! FTMO Free Trial What is the legal relationship between an FTMO Trader Going through my FTMO challenge right now. I like to swing trade in the 4 hour time frame so I’d prefer to find one that isn’t too strict about holding over the weekend or trading during news. I am risking 1% per trade of 100k balance, and based on the graph, it shows profitability with drawdowns of 2. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. If <10% of people complete the FTMO challenge, my guess is over half of those challange winners will break their drawdown rule due to not leaving enough drawdown cushion from previous profits, or just bad trading because they got somewhat lucky with the challenge results and time will reveal the true profitability. I blew up my account twice in one day early on which cost me $200. Free Challenge: Earn a free FTMO challenge at the same size as your current account. to be fair, they are cheaper than FTMO and they allow trading during news events that's why i tried it out (i believe FTMO doesnt allow it once you are fully funded even for non-swing account) We would like to show you a description here but the site won’t allow us. Welcome to FXGears. FTMO interviews FTMO Challenge Free Trial . fuelforex is best for passing the FTMO challenge. You need to buy the challenge and then pass both phases. Comparison of The5ers Prop Firm Programs : r/Forex We would like to show you a description here but the site won’t allow us. That's true. there are 50 prop firms operating as of now , but no firm can match track record . You have to be profitable to be able to make money on their Jan 19, 2023 · Step One: The FTMO Challenge This is a 30-day period when you cut your teeth and comply with FTMO’s trading objectives that include $1000 target profit after which you’ll be verified. -Share FUNNY Trading Hi, I've coded an EA, and I plan to run these 2 sets of parameters of the same EA. I’m just waiting for them to email me my credentials for my verification phase which is gonna be much easier than the challenge because you only have to make 5% over 60 days. I bought the 10k challenge and plan on working my way up to 100k and just using profits to scale up and pay for the next challenge. Robert is down to earth person who is willing to help and support whenever asked or needed for advice. A lot of traders have been able to make a good living by trading full-time thanks to FTMO. Welcome to the new article where we talk with new FTMO Traders. - To be with other like-minded forex traders. Firstly, the Demo is a risk-free training ground. Swing traders can go through a multi-month drawdown even with a profitable strategy, b 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. For swing traders, it's a great improvement too once they actually get the funded account. Last month, I passed the FTMO demo account and I said to myself that I am ready to do the challenge. FTMO is legit and has been around for a while. Overnight spread is the main cause of SL breaches and the main method by which FTMO steals traders. I am a bot, and this action was performed automatically. It is perfect for every trader who only have low-profit average strategies. FTMO is getting more […] Nov 28, 2023 · $155 FTMO Challenge: Upon payment of $155, participants are allocated an initial trading capital of $10,000. FTMO academy. 09%, the profit factors are 3. 7 and 2. 22K subscribers in the Forexstrategy community. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. reviews Make us credible . First things first, let's start with the basics. FTMO. $100k is equivalent to trading with $3500 worth of REAL capital because $5000 is the max limit for loss, and you gotta take 70% of your cut which boils down to $3500. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. Jul 31, 2024 · FTMO Review 2024: Is this Prop Trading Firm Still Worth It? FTMO | The Modern Prop Trading Firm since 2015 Read Customer Service Reviews of ftmo. All opinions welcome and valid without moderation. So in my case, I reached a draw down exceeding 5%, but never an May 7, 2024 · Yes, it has been overtaken by GBPUSD’s 15pip overnight spread, as the FTMO does not have a transparent overnight spread policy and I like it. Articles, links, etc are all… Feb 12, 2022 · 🥷 Become a profitable trader: https://join. I have been trading since 2020… Jun 10, 2020 · What Makes FTMO Standout? Unlike its competitors, FTMO is well organized and appears to be truly focused on their clients (traders). If you believe this was a mistake, please kindly message the mods. com - Trustpilot The awful truth about FTMO : r/Forex Step 1 - FTMO Challenge The majority of challenge takers are not aware of this and are risking only 1% to 2%. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. FTMO | Modern Forex Prop Trading Firm & Funding Challenge People can easily get trapped by individuals giving fake promises or luring them into exciting and unrealistic results. Thanks a lot🙏 Same thing happened with my first ftmo challenge, I was £700 in profit. They talk about their journey and give valuable advice to those who are looking to join FTMO soon! Trader Yong talking about psychology and emotions in trading Has your psychology ever affected your trading plan? Yes indeed. I'm new to ftmo and just doing the first challenge for getting in funded and ofcourse I've gotta keep an eye out on everything. with FTMO you can get a practise account and test fills , spreads for 14 days. After passing both phases, you start getting all the profit you make. Now we can trade through high impact news and hold runners over the weekend if we want. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. Traders do not trade in excess, you, at FTMO, overpay. i was naive ! After a deep dive I'm considering the5ers Don't expect to get funded on your first try. You have mentioned you're profitable on your own and with a large sample size, so congratulations. I am soo happy to join ftmo academy as my trading has dramatical improve and the tools given are so helpfull especial the trade spider, instrument scanner and the ADR help me to enter the Apr 28, 2024 · FTMO has received lots of positive reviews that praise FTMO for their professionalism, transparency, customer service, and payout process. From what I remember MFF has 3-4 pip spreads on gold while FTMO has around 1. FTMO is the best prop firm I've met in my whole life, the payout was very fast within 24 hours and I get fee without any complications so I'm thinking about to buy another challenge. I started using it about a month ago now and just made it to step 2 on the 150k challenge. In this article, we will show you what you should thoroughly watch out for and be aware of. To pass the challenge in the shortest period of time requires taking added risk. I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. Just that was a real accomplishment for me. What Is FTMO? FTMO was founded in 2017 by owner Otakar Suffner with the aim of providing funded accounts to talented traders. com challenge. This is a testament to their exceptional service and trustworthiness in the forex trading community. This review covers account types, leverage, FTMO Challenge rules and more. i’ve been reading posts and comments about FTMO’s challenge of 10% for 30days is ridiculously high. Real-Time Monitoring: Some EA robots have real-time monitoring features, allowing you to track their performance and trades in real-time. While you're at it, read through Reddit's "reddiquette" here. Guys i see to much bad news on borkers cfd like FTMO, MFF… and others. 5% a trade, I just feel like I have been so unlucky this whole time, I haven't won a trade so far this week and Read Customer Service Reviews of ftmo. 377K subscribers in the Forex community. 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. com/ste-waitlist-vslHas my opinion changed for FTMO after 2 years of working on and off with 5 days ago · FTMO reviews: Is it a legit or scam prop firm? If you can't pass the FTMO challenge and require someone else to do it for you, then how do you ever expect to be profitable once you actually get a real account? The ONLY possible reason I could see someone using this service is if they are already a successfully funded trader, and they don't want to go through the challenge process over and Ask me how I failed my FTMO challenge with 0 losses However I’m not sure if FXify or FTMO is better; here’s a breakdown: For the same 200k account, no time limit, 90/10 split, monthly payout - FTMO: cost $1387 90/10 split not available at the start first payout is some time after passing (not on demand) along with only 100% refundable challenge fee Today I wanted to start the 10k funded challenge but didn’t bc in the terms and agreements, there are rules about Demo trading styles affecting whether or not you’ll pass the challenge - has anyone been rejected/denied to being funded even though they passed the FTMO challenge and verification? Just completed the 10% challenge for the 100k account on ftmo in 36 hours. I'm definitely no expert and have only just passed the FTMO challenge after a year of studying and messing around. thesimpletradingedge. The rules for the Challenge Passing help you handle risk management better. com is very good for beginners like me. I’ve been trading since I got out of high school 2021. It looks like a good option to the well-known FTMO. Just a curiousity of mine. I love practicing with these challenges. FTMO Benefits. Discover the pros, cons, and real-life experiences of traders who have used FTMO's services. 5-1. Therefore prices and spreads will be different. 25% per trade with Mentfx since they have unlimited time per challenge, as opposed to 2% per trade with FTMO's 30 day limit. A Facebook group called “FTMO Challenge Support Group” has over 21,000 members and offers a variety of tips and tricks to pass the Challenge. Oct 13, 2023 · FTMO’s evaluation is divided into the FTMO Challenge and the Verification Stage. The lot size in the set file will help to pass the FTMO challenge in a minimum of time. The email said that normally it would only take 1-2 days though. The rules are better than FTMO. Uhum. I almost nuked my account by letting a trade get away that came back from being 4950$ drawdown. When you finally learn how to trade consistently and generate profits, the sky is the limit. Looking at the top 3 on their monthly leaderboards, this person Kasper was at like 90k by June 3, and $270k June 9. I got upset that I closed the trade too early because I would have passed my ftmo challenge in that trade. Date of experience: September 03, 2024 Aug 18, 2023 · FTMO Reviews and Ratings. I recommend this prop firm 1000%. I don't think you're going to deny that an 85% winrate with a 10:1 average RRR for a profit factor of 61 is unsustainable. wait for it if you wanna pursue it. User Reviews and Feedback: Research user reviews and testimonials from other traders who have used the EA. This serves as a testament, however, of how badly designed the FTMO challenge is. My win rate decreased because of the pressure. Please explain it like I’m five. Savings: Get a 10% discount on all future FTMO purchases. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. Posted by u/[Deleted Account] - 2 votes and 18 comments Aug 12, 2023 · In this comprehensive FTMO review, we explore how FTMO provides funded trading accounts, evaluate traders' performance, offer support and education, and showcase success stories. 5 to 2. To be honest I have received several payments from FTMO since I registered on FTMO, I was able to make 62 000€ (not including the fees paid to the professional to take my tests). Two-step evaluation process: Challenge and Verification. Various reviews indicate: How has passing the FTMO Challenge and Verification changed your life? I'm now able to trade 40k euros, so the undercapitalization problem is immediately solved, knowing that I can potentially earn my country's average monthly wage with a single trade. I just wanna hear from people with personal experience trading with SurgeTrader and/or general ideas and opinions. May 10, 2024 · FTMO Review 2024 (FTMO Challenge): Prop Forex Firm 3. I've seen a lot of FTMO Youtube videos interviewing some of their profitable traders who are making anywhere from maybe 5k - 50k profit split in a month. I have come along way! Please share your experience with trading or even FTMO :) Hey everyone, i started frmo about a month ago, it took me about 2 weeks to pass the first challenge, last week I started the second phase of the challenge and the whole time I've just been in loss, I've been trying to trade in a disciplined manner and haven't been risking more than . FTMO I pay yutubers to find brothers. 8 - Win rate of 55-60%. hpbmlu qsxjjs deawn srk fvvy hppy cvmz ktoy hkvq lce