Ftmo challenge reddit review

Ftmo challenge reddit review. 5 days ago · FTMO qualification for traders consist of two steps: FTMO Challenge- this is a basic evaluation of traders skills and discipline. Theoretically you could complete the entire challenge in a couple of days if you are good enough or get extremely lucky. Look at what FTMO is doing right now. 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) I started using it about a month ago now and just made it to step 2 on the 150k challenge. Got the funded account. Exclusive Access: Unlock a new, larger challenge option ($400k) at a discount. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. 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. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the Apr 28, 2024 · FTMO has received lots of positive reviews that praise FTMO for their professionalism, transparency, customer service, and payout process. Become our next FTMO Trader and work with an initial balance of up to $200,000: https://ftmo. I’ve been trading since I got out of high school 2021. $250 FTMO Challenge: This challenge offers the same initial trading capital of $10,000, following a payment of $250. Step 1 – FTMO Challenge. While you're at it, read through Reddit's "reddiquette" here. Hi, I've coded an EA, and I plan to run these 2 sets of parameters of the same EA. 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 Oct 13, 2023 · FTMO’s evaluation is divided into the FTMO Challenge and the Verification Stage. I am a bot, and this action was performed automatically. 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 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. GBP 20,000 and CHF 20,000. I just recently got my first FTMO challenge. -Share FUNNY Trading Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. 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 May 10, 2024 · FTMO is one of the best proprietary trading firms in the financial market with the TU Overall Score of 9. So, for example a common challenge is to do 8% in a month. When you finally learn how to trade consistently and generate profits, the sky is the limit. Date of experience: September 05, 2024. -ftmo's business model is based on the failed challenge fees. Uhum. There's an interview with FTMO CEO where he mentions 94%trader fail the challenge. Free Challenge: Earn a free FTMO challenge at the same size as your current account. I cleared the challenge phase. Around 90% fail the challenge, and those who pass, around 90% lose their account in a short time. Blocked my account for challenge breach. Jul 31, 2024 · €250 FTMO Challenge. 2020 Jun 12. This includes unrealized losses. FTMO is legit and has been around for a while. 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. FTMO really doesn't like it when you risk a lot. 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. $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. I plan on taking the challenge but it's definitely not as great as I thought it was. seems like you guys have not understood how ftmo works. Compete in the FTMO Challenge Swing you will be given an initial trading capital of €20,000 EUR (or the equivalent in USD $25,000. 09%, the profit factors are 3. I love practicing with these challenges. 600 Dollars (27k - 20%). Note that this is not the first time it happens According to MFF's own statistics around 2. 8 - Win rate of 55-60%. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. Tools & Services that were unlocked for you when you purchased the FTMO Challenge will remain unlocked. FTMO's 70/30. Looking forward to passing my challenge with them. Nov 28, 2023 · $155 FTMO Challenge: Upon payment of $155, participants are allocated an initial trading capital of $10,000. FTMO Challenge update, their metrics system once again flagged an inexistent max daily loss violation, while the account both the balance and the equity were in profits. - To be with other like-minded forex traders. Firstly, the Demo is a risk-free training ground. there are 50 prop firms operating as of now , but no firm can match track record . I feel the challenge is more of a puzzle. with FTMO you can get a practise account and test fills , spreads for 14 days. Guys i see to much bad news on borkers cfd like FTMO, MFF… and others. A lot of traders have been able to make a good living by trading full-time thanks to FTMO. com is very good for beginners like me. 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! 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. 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 . SCAM 100%. FTMO is legit, and I assume they have a lot of very successful traders. 4. These companies make small fortunes because of this. 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. which is more than enough to pay out the traders that do make money (90%+ loose) FTMO developed a unique 2-step Evaluation Process for traders. A place for all to talk about Forex. I would say go for it but you won't make life changing money because of how strict their rules are. Robert is down to earth person who is willing to help and support whenever asked or needed for advice. 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. 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 Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. The majority of challenge takers are not aware of this and are risking only 1% to 2%. I've done challenges on both and I personally prefer FTMO. If someone has a rough week or two then this is more likely to happen. I have been trading a 40,000€ demo account at FTMO for the last two weeks (see screnshots) to see if I can put what I have learned into practice, i also made some You have mentioned you're profitable on your own and with a large sample size, so congratulations. Even fewer percentage (0. 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. as long as you don't resort to shady practises and align your trading style with them , you are good to go. Currently trading a swing account with them. 216,075 Views. true. After paying the €250 to compete in the FTMO Challenge you will be given an initial trading capital of €10,000 EUR (or the equivalent in USD, AUD, GBP, CHF, CAD). We will review your case and get back to you. Participants of the challenge need to pay fees that vary based on the selected account size, leverage, and the risk mode. They run these things like a casino and we know the house usually wins. 32% and 4. 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. FTMO academy. I really dont understand how people actually think this is a real way to go about this process. com Interview with our FTMO Trader Nikita: • This trader 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. if you want to succeed on anything know everything about something is very beneficial. Just that was a real accomplishment for me. 3. I am risking 1% per trade of 100k balance, and based on the graph, it shows profitability with drawdowns of 2. In essence, less than 1 in 100 people who take a paid challenge survive until the first payout and challenge refund. 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). Most people tend to still take the initial capital before entering the trades (let's say 25. never pay regular price for challenges in MFF. 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 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 $1387 90/10 split not available at the start first payout is some time after passing (not on demand) along with only 100% refundable challenge fee We would like to show you a description here but the site won’t allow us. 000) as their calculation-basis and call funding firms a scam because their account balance never went under 20k (25k Same thing with taking a prop challenge. Bonus Rollover: Receive a 5% bonus when you roll your profits into a new FTMO account (withdrawable after 30 days). This FTMO review guides you through the FTMO Challenge, including the signup process, member dashboard and trading platforms. "At FTMO - daily draw downs are equal to losses. I don't think you're going to deny that an 85% winrate with a 10:1 average RRR for a profit factor of 61 is unsustainable. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. Please participate in other subreddits (other communities on Reddit) to increase your Comment Karma points. so let me clear things up: your trades never get placed in a real market. I almost nuked my account by letting a trade get away that came back from being 4950$ drawdown. All opinions welcome and valid without moderation. No proper reason for breach because they're lying. So in my case, I reached a draw down exceeding 5%, but never an If you reach your 10% you have reached your goal and move to the next challenge. Excellent customers service, easy to operate back office. Will give more feedback later. The main objective of this first step is to gauge your discipline and the ability to stick to the Trading Objectives provided. That's how they make their money, and it's one of the best business models out there. wait for it if you wanna pursue it. Same with the 5% on the 2nd challenge. FTMO offers The issue here is that you see all the 'success' stories and no failure stories. 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? Thanks in advance Going through my FTMO challenge right now. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. The Verification has easier Trading Objectives than the FTMO Challenge, as the Profit Target is reduced by half to 5%. You have to be profitable to be able to make money on their 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'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. If you believe this was a mistake, please kindly message the mods. 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. . A very smooth experience so for with ftmo. Many reviewers have shared their experiences of passing the challenge and verification phases, receiving their funded accounts , and getting their profit splits on time. 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. 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 Verification step is the second and final step of our Evaluation Process. 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. This Evaluation Process consists of an FTMO Challenge and a Verification and is specifically tailored to discover trading talents. 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. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. 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. 9%) of those survive until the first payout/refund of challenge fee. I have reported the issue to the support team , I now await the response. You will now lose the challenge if your account balance goes anywhere under 21. The purpose is to test your trading consistency. Looking at the top 3 on their monthly leaderboards, this person Kasper was at like 90k by June 3, and $270k June 9. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. 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. FTMO without second thought. The Verification step is the second and final step of our Evaluation Process. 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. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. The real question is do YOU have a consistent and profitable method? That is the real question. 1% of those who take a challenge pass both stages. Before you can get your FTMO Account, we need to be sure you can trade responsibly and manage risk properly as, in the future, we can use your simulated trades performed via the FTMO Account when trading on our own account on real financial markets. 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! I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. Don't expect to get funded on your first try. There seem to be quite a few users leaving negative reviews. I blew up my account twice in one day early on which cost me $200. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. 8K subscribers in the ForexForALL community. Very happy with myself and my progress, especially that I started trading less than a year ago. 1K Likes. We would like to show you a description here but the site won’t allow us. They have promos every month. Therefore prices and spreads will be different. professionalism ,longevity of FTMO. Long story short, I want to aim for a €40,000 challenge next year and wanted to ask you what your experiences are with FTMO and what you can possibly give me tips along the way. 5-1. Savings: Get a 10% discount on all future FTMO purchases. Just completed the 10% challenge for the 100k account on ftmo in 36 hours. Also make sure to read reviews online, like the FTMO review on this sub-reddit, before you get started. Useful. 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). 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. FTMO Benefits. We also take a closer look at the evaluation process, trading objective details and pricing. This serves as a testament, however, of how badly designed the FTMO challenge is. - Each challenge was done separately, months between one and another. Sorry OP but that's a dumb question. 7 and 2. 65 out of 10. 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. 59 respectively. FTMO Verification is a second step that follows successful completion of the challenge. Our FTMO Challenge is the first step of our Evaluation Process. I did not contact support. 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. WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. After making 2-3% in funded account. FTMO Challenge Swing: In this challenge, participants receive a starting capital of $20,000. Thing is, if you can't trade successfully a 1k account, don't even try a prop firm. to be fair, ok over-leveraging. The have a $500,000 challenge account you can win if you purchase a $100,000 or higher challenge account. The rules for the Challenge Passing help you handle risk management better. 23 votes, 93 comments. I have a Myforexfunds live account and have recently failed phase 2 of another challenge. I just waited until it came. mltnc qwgwyx mjmxr jkix lpzczwe rxzs hloxh nsqcktlg ubrzf wpkpiwl