Is ftmo legit reddit. This will be the closest thing to a real account.

Is ftmo legit reddit Let me know what you think… Yes The Funded Trader is better than Ftmo. . And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. FTMO Scam !!!! Prop Firms So basically i bought a 100k account and went down 4. You have to be profitable to be able to make money on their You initially pay for a challenge account. these youtubers alla succeed. FTMO is also one of the more relaxed in terms of restrictions so if you're struggling to get past that then you're either going to have to alter your trading style to be a day trader or retail prop firms may not be for you. 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? 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. Their scaling plan of 10%/4 months is more realistic. Mostly scalping. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. Sure, the business model is to sell eval accounts, but that doesn't mean their service doesn't have value. So now I have my eyes on the high stakes program with 5%ers Wondering if anyone here has experience trading with & withdrawing funds (70% of profits on real account). What makes their two-week account great is you can get familiar with what the spreads are with them, and how much commission they charge. I think it's worth it. 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. Other trades will present themselves in the future so I would rather keep my account safe than gamble on a trade which may close my account due to a rule violation. Ive been with them for 2 years. FTMO is reputable but expensive, and The5%ers have strict rules. I am currently in seed stage with Axi group things look promising but I want to know if there are others out there Please help Please leave your thoughts in the comments. FTMO basically, made a two-step process to check out your trading performance. EVEN IF they can pass an FTMO challenge and provide you a funded account, YOU STILL NEED TO BE ABLE TO TRADE SUCCESSFULLY TO DO ANYTHING WITH THAT ACCOUNT. Not saying they are a scam (cannot verify that, i have to believe people who have friends that are funded lol), i say they clearly marketing with youtubers new account that are made from scratch and have only videos of their FTMO challenge journey and guess what. It's ridiculous people are calling prop firms a scam. I'm a swing trader looking for a funded challenge, FTMO seems the most legit, but I'm not too sure if it's appropriate for swing traders? I hold trades generally for 2-3 days (average 1-2 trades per week), and I've been consistently profitable for a while now (small live account). I once gave a 1-star rating because I misunderstood something and Ftmo explained it to me straight away and gave me a detailed answer about my problem. Also live account cant buy you a peace of mind since anybody would rather lose their funded account than blow their live account worth of $3. FTMO without second thought. 9 out of 5 stars. After reading numerous reviews and learning about their business model, I can't see how anyone could not think it's a kind of trading pyramid scheme/pseudo-scam that ultimately roped you in and juices you until you just give up eventually or "fail" out because of their requirements. This simply shows that ftmo cares about its customers, so that customers ultimately feel comfortable and satisfied. If you go down this road, be extremely disciplined. cmon They are totally suspicious I've even seen a The rules are better than FTMO. but many of these firms operate on scams. 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. They have a discord server that connect us together, they release giveaway so frequently ,Best drawdown-profit ratios, Multiple types of challenges for different trader styles, direct contact with the CEO and staff Legit payouts, $10mil+ already Ftmo is a scam Passing the challenge is easy with a bit of luck but 99% of those who pass the challenge can’t manage to keep the account for more than a month since they would break the rules because they simply don’t know how to trade. You might also want to check out Sabiotrade, they offer more flexibility for swing traders I've been seeing more and more comments and posts about this recently, and I wanted to start a discussion about it. What do Alpha Capital Group's clients not like? The business has a good name, but it's still not as good as FTMO. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. 10%/month like FTMO is not realistic imo. It sounds simple but please don’t underestimate it. I want to know if there are users here who trade with them and your thoughts on their legitimacy (payouts etc) Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. FTMO has received lots of positive reviews that praise FTMO for their professionalism, transparency, customer service, and payout process. 5 months per scale up. He made 100k with FTMO in a single month, the interview is on the the FTMO YouTube channel so it's definitely not fake. 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. One thing that I didn't/don't like was being in a trade around 6-7:30 AM PST. Is it all legit? I want to give it a shot… I keep thinking I need to try some prop firm trading or funded trading and have came across Funded trading Plus, I really like the "Master Trader Program", basically once your initial deposit is gone your out, I really like that concept and really want to give it a try but am a little sketched out if the company is legit or not or isn't going to do something to scam me out of my money (I had FTMO is legit but definitely avoid non reputable too good to be true prop firms and look at the broker they use too…that doesn’t mean I haven’t ‘wasted’ literally thousands upon thousands on challenges with ftmo. It looks like a good option to the well-known FTMO. This is why you only stick to the top prop firms who you know are legit Welcome to FXGears. Don't over trade. But by no means is FTMO a scam (in my experience so far). FTMO or any Forex funded account for that matter, is not worth your time and doesn’t make you any money in long-term. Is FTMO legit? Questions I’ve been consistently profitable for some time now but the lack of capital is holding me back, I’m thinking about going for the ftmo challenge but hesitant after hearing about prop firm scams Are there any issues you guys have faced with them? Took me an average of 1. Can't go wrong with FTMO. 3 pips on USDJPY, no rollover no news, London session. Why isn't there any proof of FTMO scamming people. Secondly, is the suspicion of our reviews be a relevant reason to flag us as a scam? Scam can be someone who operates fraudulently or engages in dishonest practices. I know FTMO offers a free 2-week demo challenge account to practice on. Currently trading 200k and once I max out ftmo I'll look for others prop firms to get more AUM but until then ftmo is the way to go for me. Sorry OP but that's a dumb question. We are very much complying with the laws and regulations, we always abide by the T&Cs which are legally binding and we have always paid the profits to our funded traders. Trading is hard. Got to give it to FTMO. After all, there are many scams and frauds in the trading industry that promise unrealistic returns or charge hidden fees. Same here. Banned from the discord as well so he couldn't talk. Apr 8, 2024 · Customer reviews on platforms like Trustpilot showcase FTMO’s credibility, with an average rating of 4. 5% drawdown first day, on my second day i had 5% to play with and it went drawdown till -4. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. 9 pip spread on Tokyo session is unacceptable, I get 0. My main big question is , why has it been so hard for some one to come up with a legit company who actually has big capital , has people go through a audition in real demo accounts and if people pass , have them trade with there capital and make percentage off profitable traders ? A prop firm that’s legit would have no problem with the pay out. FTMO is legit, and I assume they have a lot of very successful traders. Do they promise anything that they don't deliver? No, therefore by definition they are not a scam. FTMO's 70/30. Additionally, you need close any open positions on the pair it'll effect . Considering how low the pass rates are for the challenges and then getting a record payout makes me think he is legit. We examine the reliability of FTMO Broker in this FTMO review, offering insightful analysis and essential data to support your decision-making about investments. They legit gave the opportunity to get out of that minimum wage suffering. I just close the trade and walk away with the profit or loss I got from the trade. Prop firms give traders the opportunity to test their strategy and psychology under 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. com, a trading forum run by professional traders. FTMO isnt a scam. Never even allowed to show proof he wasn't. as long as you don't resort to shady practises and align your trading style with them , you are good to go. That being said, it's not easy to pass, and if you fail you lose the fee. For anyone looking to safeguard their financial interests, don't miss out on this essential information. FTMO has a dashboard that lists the times that the news will be released. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. Ive been banned by several prop firms because they are not looking for successful traders. Proprietary trading firms utilize simulated markets to train or evaluate traders. FTMO is legit and has been around for a while. 5k Get the Reddit app Scan this QR code to download the app now I have one with FTMO but just want to know if there are other legit ones that’s lower in pricing Find out the truth about FTMO Broker and the indisputable facts. Trust the process and don’t give up. Welcome to MarketScreen – Navigating the Financial Markets Together! 📈 MarketScreen is your go-to subreddit for discussing everything related to stocks, trading, and investment strategies. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. People bitch about higher cost and FTMO being 'plain jane' without all the bells and whistles, but that's what makes them great. 14%. No "gotcha" moments or stupid fine print rules. Success with FTMO requires dedication, discipline, and a well-tested trading strategy, as it is not a get-rich-quick scheme. I get my payouts every time and have never had a problem. If you pass it, you get funded. Many of them have funded 5ers accounts. 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. They expect you to be a professional. The real question is do YOU have a consistent and profitable method? That is the real question. 1% and closed in profit, i check my account in the morning and it shows daily drawdown breached and shows -5. with FTMO you can get a practise account and test fills , spreads for 14 days. It basically means that if you manage to pass, you get funded and it costs you nothing. 2 on FTMO. professionalism ,longevity of FTMO. 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 Always payout, every time. A total of $29,000,000 has been paid out to traders on the platform. Any suggestions of a legit regulated firm that will fund me and also offer MT4 as platform for trading? I understand if I have to pay insurance for evaluation etc. A new prop firm could go bankrupt if their model is not bulletproof. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. If it weren’t for prop firms, I would not have ever saved enough to even trade my own money in the first place, and it’s made my life 100 times more enjoyable now that I am more financially free due to prop firm giving me the boost I needed. Similar trade on FTMO did not slip, another trade I got stopped out when the price was 0. well with my smaller acc i make around 3% every week, and please dont say i will be waren buffet in 5 years, but thats around average what i come up with every friday, i was thinking about starting a 30 day challenge anyway here on reddit, but yeah this ftmo seems like a no brainer deal then. There are no guarantees or one unique way of trading! Everyone has their approach to trade, with mixed feelings for the market, different perceptions of risk, diverse psychological settings, etc. I should add I have also passed a few times too with them. I got slipped 4. 5ers and ftmo welcome consistently profitable traders. This will be the closest thing to a real account. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. True Forex Funds might be not bad if their rules align with your trading style, but definitely do more research to ensure they're legit. The max daily loss is the thing you need to watch out for. I have been trading with ftmo for years and they are solid. especially if they give you 100k to control, it would be enough to make 20% a year for me, because i 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 true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. Once funded you trade and make profit on an account and have $0 risk. Commissions/spreads are low and competitive. They are highly trusted. Get the Reddit app Scan this QR code to download the app now When I was trading cfd about 2 years ago I chose FTMO, the company are legit they pay what they If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. Let me guess, you don't have a backtested working strategy, can't manage your risk, you're overleveraging, can't handle your emotions, you're bitter and blaming FTMO/others for it. The record holder of FTMO from last year? He's experienced this very thing at some firms. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. They know he's legitimate, but they don't care. Mar 4, 2024 · Is FTMO a scam or safe? The FTMO system is safe and works if you apply proper risk management consistently over time, but it is not real money, only leveraged. 9 pips away, also had the same trade on FTMO that did not get stopped and went on to take profit. I think the only two I would dare touch would be FTMO and 5%ers. The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. If I keep consistent until the end of the trial, should I try the real deal? I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. In the other note I believe in every single one y’all who are trying to make a change. You will never have worry about a "MyForexFunds" moment w/ FTMO. I see no reason to use anything either than FTMO, they have established themselves, have lots of good reviews and most importantly they have the capital to pay people and support their system. FTMO is demo account and just a trading tournament with a winning edge for the company. So this how the first FTMO payout went. The scam ones may pay out small amounts, but will make up every excuse on the book not to pay you big pay outs. Apr 28, 2024 · You might be wondering if FTMO is legit or not. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. there are 50 prop firms operating as of now , but no firm can match track record . I used FTMO in the past and they are legit, I was able to withdraw and everything but I had to change my strategy and it doesn't work with FTMO's parameters. Accused of using an EA. I've made 4 withdrawals since May. Since FTMO is now gone and that’s what I was planning to use, which other prop firm(USA) is legit? I know how they work and I understand the business model but I’m wondering if there’s anybody on here that’s funded 50-100k and has received payouts? I've been looking into ftmo I have seen people take the challenge , but I have yet to see anyone post about taking profit. After a few days doing the FTMO trial, going pretty well with consistency increasing each day. No issues. On my FTMO account under credentials with the login ID and password it also says platform DXtrade. That being said, ftmo recently made available extensions if you are close to the target and from day one even if you don't hit the target within 20 trading days you will get a retry anyway. I still think FTMO is a great short term idea. I would say on par with ftmo in terms of trust. I just hate their scaling plan. Does FTMO use 3rd party registered and legitimate known brokers or are they in house broker ? ! Is simple , as traders for us to choose prop firms thats the biggest red flag , i am with a prop who uses 3rd party broker ( thinkmarkets ) is nearly impossible they can manipulate the market at all so is ok to work with these props. Who has some payout proof like, I feel like some of the payout proof looks not really that legit. 0. As the last in this scam alert selection, we will highlight courses and robots specially prepared to complete the FTMO Challenge. But Lambo Raul has made a record for the highest payout from FTMO. I’ve hopefully learnt something from all the pain however. I don't know what secret EA is making that kind of money. Trying too hard and studying too hard has diminishing returns and is counterproductive. Here are my findings: WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. waan hcoypf jbatnee txfyncp ugk mzl qhm evdkqqr pcrk fuzc