Ftmo commission reddit. Our aim is to provide you with an insightful analysis, empowering you to make an informed decision on which of these esteemed platforms best aligns with your trading aspirations and sty There isn’t a straight answer because it depends on trading style and risk. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. Searching for it online is a waste of time. . I tell people about Forex and they jump in right away with real money with no training and get mad when they lose money. Let's say some other trader in another part of the world also happens to trade the 5m EMA crossover strat and takes the same trade as you. But you can only trade 400k with them. Trying too hard and studying too hard has diminishing returns and is counterproductive. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. As a result, FTMO opted to cease services for US clients to maintain their business model elsewhere without conflict. You can lose 10% on FTMO with 10% target, so you have to double your account. Same here. Ftmo is more years on the Market . com, a trading forum run by professional traders. FTMO Free Trial 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. Do my statements make sense? If yes, why would anyone not go for a swing account? It is recommended because it is trusted. They have better rules imo and the spreads are crazy tight with 0% commission. 1600$ 5. You initially pay for a challenge account. 3 - Leverage Swing 1:1 - Commission 0 I dont fully understand My trading plan using the Swing FTMO account, in terms of how I understand Crypto Futures, was trading BTC using 1% for position (100. Implications for Traders The immediate effect of this ban is apparent – US traders can no longer participate in FTMO's evaluation process or manage FTMO-funded accounts. As I'm wrapping up with my FTMO challenge, one thing I would like to know but cannot find any information on is once you become an FTMO trader, what happens at your monthly profit split if your account is in a slight loss but you haven't breached any of the drawdown rules during that month? Say you end the month at $199,000 on a $200k account. FTMO only lets you trade CFDs, which is illegal in the U. I've made 4 withdrawals since May. 3 pip spread etc. 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 problem is the step 1- the 10% in 20 days. M1 is made for those looking to build their wealth using powerful automation and topflight rates. You are whats wrong with this reddit. there are 50 prop firms operating as of now , but no firm can match track record . Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. com's Reddit Forex Trading Community! Here you can converse about… Welcome to FXGears. *** last , you gotta consider thatvsome great trader can't share the setup or for copy cuz tge strategy will fail when lots of ppl copy. Getting fucked on market orders hard. AMP is a digital collateral token that offers instant, verifiable collateralization for value transfer. The company's mission is to maximize the value and utility of digital assets through our comprehensive product suite including advanced trading solutions, liquidity aggregation, tax-efficient asset-backed credit lines, a high-yield Earn Interest product, as well as the Nexo Platform and Nexo Wallet with their top-tier I did not contact support. The profit split starts at 70% for traders and can go up to 90% based on performance and the Scaling Plan. I think most of it comes to revenge trading and options instead of a stable cash account like FTMO where I don’t have theta or PDT. Thoughts. 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. With FTMO most majors have 2 pips. Funding talent has better split and lower fee for 25k account. Edit pdf's and place your name, you won't last much on ftmo anyways, so at least get your fee back and some money on the payout and give up on prop firm trading before going bankrupt Reply reply. FTMO has better payout in %, better customer service from what I've been told and a better dashboard/client area. But I am also trying since weeks . Just a heads up in case anyone was looking at doing the challenges. Use VPN and bypass those idiots. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. 😕 Customers from the US are no longer welcome. M1 lets you earn, invest, spend, and borrow all on one financial platform. You are trading with their money with the intent of producing a return against the market. I’m personally looking to go CTI over FTMO Welcome to FXGears. But for the challenge, they're faced with the same problem as before. I personally already have a micro company here in France. Traders can remotely manage an FTMO account with a balance of up to $400,000. Ftmo is a scam - In your reddit history you have been part of a conversation regarding challenge "boost". I'm currently in the middle of doing a challenge and have noticed that the commission that skilledfundedtrader takes is super high!! A $600 win and net profit is $520. 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 $3. 74 votes, 117 comments. For me are FTMO and MFF the best. You have to be profitable to be able to make money on their Symbols - FTMO Symbols When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. -Share FUNNY Trading Welcome to FXGears. Ask yourself this: why would they charge you a commission on each trade when you are trading with their capital? FTMO is legit and has been around for a while. Apr 28, 2024 · FTMO has received lots of positive reviews that praise FTMO for their professionalism, transparency, customer service, and payout process. 000 account) and 30x Leverage, so I risk 1. AMP is an Ethereum-based token that makes transactions instant and secure. So this how the first FTMO payout went. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. The 5%ers, have more conservative rules on risk but the benefit is you have 6 months to hit the profit target. 800$ 4. with FTMO you can get a practise account and test fills , spreads for 14 days. 00 - Leverage Normal 1:3. Even on Gold I notice there spreads can get a little high. I wouldn't trust my money elsewhere. 383K subscribers in the Forex community. 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 Frequently Asked Questions FTMO has 1,5 USD for open and also for close. In the other note I believe in every single one y’all who are trying to make a change. Meanwhile I’ve also been running two challenges with ftmo. 25% per trade with Mentfx since they have unlimited time per challenge, as opposed to 2% per trade with FTMO's 30 day limit. They are also large enough to offer their own brokerage along with your funded account. 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. It took well over a year before I was comfortable trading real money. FTMO has the best commission, the drawback is can you hit 10% profit in 30 days without going into a daily drawdown of 5%. The real question is do YOU have a consistent and profitable method? That is the real question. Free Challenge: Earn a free FTMO challenge at the same size as your current account. FTMO does have some downsides though the biggest being the news restrictions. You can hold trades on weekend but you must go for the swing account meaning you are losing leverage. The max daily loss is the thing you need to watch out for. Funding talent has a challenge now that has NO restrictions and their cut is 80/20 vs ftmo s 70/30. I have a broker on my personal account, I scalp 1min , and the account is growing nicely. If you watch some ftmo interviews on YouTube you will easily notice how little experienced are some of the guests. This is why I recently have been focused Can I trade news? Nov 7, 2023 · an FTMO trial account running only GBPAUD, EURAUD, USDCHF; The FTMO trial account is currently in 2 trades: GBPAUD and USDCHF — currently in floating profit. And they don't show you the commission they deducted they only show you your net profit. If you can make 10% on FTMO for 5 months, on your private account you will have: Month 0: 100$ 1: 200$ 2. I always thought on FTMO but not sure if there are better options out there. 3200$ FTMO | The Modern Prop Trading Firm since 2015 Trading Crypto and Indices: Examples Explained What are the pros and cons of FTMO? : r/Forex Sorry OP but that's a dumb question. Unfortunately, many are not quite right and many are misleading. as long as you don't resort to shady practises and align your trading style with them , you are good to go. 0-0. (Just gotta wait 5 more days to complete the 10 day requirement) I’m so excited to start. 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’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. So obviously, there’s something wrong with the strategy. Let's say you trade a tripple EMA crossover strat on the 5m. Slippage & order execution 10 lot on cad would have been a hefty commission so that would have counted as a loss, but who cares about win rate as long as you profit Edit: ETH not cad sorry but yeah you mad 4cad the commission would have been a lot more than that making that trade a loss overall For those experienced. 000 for a I've done challenges on both and I personally prefer FTMO. Prop firms are not for everyone, but telling someone to not even give it a look is just retarded. 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). Another common question from clients is how commissions and margin sizes are calculated. 400$ 3. . 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. but not as tight as ICMarkets or some similar. Exclusive Access: Unlock a new, larger challenge option ($400k) at a discount. Spread on limit orders is also rediculous. Why are the Ftmo spreads so big? : r/Forex We would like to show you a description here but the site won’t allow us. They offer the same account sizes as ftmo. I’ve been trading for about 2 years and have yet to make a consistent profit. I don´t need to check your profile any further. If you are viewing this on the new Reddit layout, please take some time and look at our wiki (/r/step1/wiki) as it has a lot of valuable information regarding advice and approaches on taking Step 1, along with analytical statistics of study resources. FTMO without second thought. FTMO Suspending New US Accounts : r/Forex Welcome to FXGears. I guess the main questions are- is that the best way to do this, should I just hire a CPA (suggestions?), and are any of you trading for FTMO/how are you paying your taxes (if you are US based)? It's a huge improvement for day traders at least. S. Lots of learning and lots of YouTube videos. The Support is Good. are the people that pass your ftmo challenge legit? : r/Forex Why isn't there any proof of FTMO scamming people. The main reason is rules and laws. professionalism ,longevity of FTMO. Is it correct that FTMO has no commissions? Anyone know how the spreads compare to Oanda? FTMO is a prop trading firm. Spreads are okay. even if it's just a simulation. You don’t need to score any minimum profit to receive a Profit Split, only just enough to cover the transaction fees* Whatever amount of profit you generate, you are entitled to withdraw 80% of it. Hello, good day everyone. the spread and commission they’ve built in means it’s really not for people like us. With IC i had on most major pairs zero spread. haha. I’m not sure ftmo suits low time scale scalping. Trust me, you can’t scalp a few mins on ftmo and probably not on mff either. Now we can trade through high impact news and hold runners over the weekend if we want. The System is fair . 1%-0. Profit target 6% Max DD 10% Max Daily DD 5% Pretty much 0 spread 0 commissions 80-90 split Scaling Is there a reason for this? Hi folks, are there any FTMO traders here that know if I can use iC Markets cTrader when doing the month trading challenge? I’ve been doing the trial for it on purple trading mt4 now for a while but iC cTrader is a much better option for me with its tighter spreads and lower commission rates. Now they have removed US clients access to MetaTrader and are pushing DXtrade instead. We would like to show you a description here but the site won’t allow us. So you pay $3 if you trade 1 lot. Their challenge requirements are slightly less too. Thanks for reading this FTMO review. i was naive ! After a deep dive I'm considering the5ers FTMO recently blocked new and existing US clients from purchasing new challenges or trials. FTMO is legit, and I assume they have a lot of very successful traders. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. Now, my hypotesis are 3: They are really professional traders (very unlikel, maybe 1 out of 1000). The issue here is that you see all the 'success' stories and no failure stories. In this article, we will delve into a comprehensive comparison of The 5ers and FTMO across three pivotal factors: funding programs, growth potential, and support services. 000 x 30 = 30. We can declare with a clear conscience that the biggest obstacle for conservative traders who had problems due to increasing their positions to meet plus they have to gain money from commission or some fee for operation or staff cost. Got to give it to FTMO. You use correct word: least shady bappebti, but I wouldn't put my money in even the slightest less shady broker, I want the best in the world, publicly traded, insured, based in a country with the highest compliant with law, after all, that is your hard earned money Free repeats and 14-day extensions are also no longer needed because traders trying an FTMO Challenge and a Verification don't have to watch whether they can make 10% in 30 days or 5% in 60 days. (Should you pass) also they have HIGH commission per lot size traded. Which instruments can I trade and what strategies am I Trying to pass one of these prop firm challenges isn't easy. The reviews and testimonials are all 100% organic. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. IMO, MFF only beats FTMO with better evaluation requirements. Like the market owes me right. What is the best prop firm? [serious] : r/Daytrading It makes me so mad. I was thinking of getting the hell out of here since my wife is Romanian, or at least open a bank account there (or any other country for you like Zero commission on indices and crypto Step 1 - FTMO Challenge For BTC it says = Contract size 1 - Margin percent 30. 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. 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. The OspreyFX demo account is current in 1 trade: XAUUSD — currently in floating profit. But to your point about increasing from $140K to $300K: are you seriously proposing that a reasonable person, acting prudently, would let $160,000 sit in a a non-intrest-bearing-account if there was the slightest chance they may never receive that money? And there are props that deal live money accounts on A-book brokers, with no equity-based drawdow, and no maximum time limit for the challenges, no commission indices, no rules around news, 0. I still think FTMO is a great short term idea. 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. com We don’t charge any commissions for withdrawals. The difference between FTMO Account and FTMO Account Swing is that, in the second one, you can trade through news and hold trades over weekends. FTMO challenges may cost more but their commission rates are far less. 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. If I close a 4 lot trade that is $300 in profit, there is a $20 commission fee and my history shows a profit of $144! I also just closed a losing trade at -$618, and my history shows it as -$913! I get it, there might be some slippage, but 50%?? The problem is it adds up tons of taxes on your final gains (30% tax, 20% Urssaf as "Prestation de services, and your usual FTMO commission). 5k Sep 23, 2023 · FTMO offers a funded trading program where traders receive a share of the profits while FTMO covers the losses. 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 just waited until it came. Nexo is the world’s leading regulated digital assets institution. USDCAD got 7 pips at the moment. You don't get his logic, because you apply the same rules to a private account. Trust the process and don’t give up. If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". For swing traders, it's a great improvement too once they actually get the funded account. See full list on fxeareview. — So I’m suprised they would be this different. Of course, we can offer you several formulas to calculate the size of the margin or the maximum position you can open in your account. 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. Bonus Rollover: Receive a 5% bonus when you roll your profits into a new FTMO account (withdrawable after 30 days). Which one is the one with smaller commission and spread? I scalp 10 to 20pips so this is really important. Commission splitting is totally ok and trading rules are nearly the same . - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. I know FTMO offers a free 2-week demo challenge account to practice on. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. - You are discussing and sharin methods to bypass server limitations - like hedging without paying commission. That's true. - To be with other like-minded forex traders. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. The one advantage of top trader is you can make withdrawals whenever you want. Jul 31, 2024 · FTMO Review 2024: Is this Prop Trading Firm Still Worth It? FTMO official response: Hi there folks, thanks for your comments. We always hear of 5%ers, Ftmo, MFF ect But I haven't seen one post about alpha capital. This will be the closest thing to a real account. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. Bro I’m the same. Do your research but so far, my experience with MFF has been great. If you pass this first step, everything should be easy going. How about commission and margins. FTMO Swing account type Posted by u/_iron_wolf_1996 - 5 votes and 17 comments Are you making 5-10% p/m in demo with proper risk management? If so look up the FTMO trading requirements, trade that way for 3-6months and see if you’re still profitable. Swing traders can go through a multi-month drawdown even with a profitable strategy, b Tell me your experience with FTMO, is it worth it? : r/Forex How about a Free Trial? Doing well maxed my funding on FTMO, I see that as a bank now lmao, currently doing the prop firm challenge and using a trade copier to mirror my entries onto my ftmo accounts, and US30 only I made the switch to this around 6 months ago If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. so literally, it's not trading firm , it's educational firm for profit taking in all aspects instead. Points, pips and ticks With FTMO, to get your 70% profit share, you have to invoice them, which I would do from my LLC (once I create it). Welcome to FXGears. 5-1. I guess that's where personal preference comes in because I'm perfectly fine with risking 0. This past 30 days I tried my 3rd FTMO challenge of the year after starting forex back in April and I just passed the 2nd stage verification. 8 - Win rate of 55-60%. Thanks Savings are hard to come by because FTMO doesn't give them out very often. Savings: Get a 10% discount on all future FTMO purchases. jvsy lbgjktoj rwmfrtvnc ylkz kqk hdnqbg irq pssvxcep qhxyt ccrcy