Ftmo commission reddit. FTMO only lets you trade CFDs, which is illegal in the U.
Ftmo commission reddit I personally already have a micro company here in France. Very happy with myself and my progress, especially that I started trading less than a year ago. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. This will be the closest thing to a real account. My question is, Rn my account is at 110,065, they say it will take 1-2 business days to verify and do all of that, will commission bring me back down below 110,065? 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. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! depending on if it's a buy or a sell. 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). comments these restrictions on trading during the restricted news events do not apply to FTMO Challenge or Verification accounts. . However, the differences between the two should not be significant If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. AutoModerator Commission / fee ? Reply Posted by u/[Deleted Account] - No votes and 22 comments We use several liquidity providers with DMA (Direct Market Access) execution model. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. But FTMO showed -40 for the day 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 Welcome to FXGears. ). Thanks One problem with all of these firms is the perception of the account size so eventually--at least in the US--they may eventiually have a problem with the Federal Trade Commission (FTC). 000 x 30 = 30. New. The biggest What is also really interesting is that the challenges are easier to pass. FTMO companies do not act as a broker and do not accept any deposits. This is because TradingView sources its price data from various exchanges and data providers, whileFTMO's MT5 platform sources its data directly from its liquidity providers. K. If so look up the FTMO trading requirements, trade that way for 3-6months and see if you’re still profitable. For those experienced. 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. Open comment sort options. FTMO’s Competitive Pricing. Unfortunately, many are not quite right and many are misleading. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! 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 FTMO chỉ cung cấp cho các nhà giao dịch những dịch vụ giao dịch được mô phỏng và công cụ mang tính giáo dục. Press ctrl+m in MT5 and rightclick on the table. Keep trading sharp! Share Add a Comment. Now, my hypotesis are 3: They are really professional traders Welcome to FXGears. 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 style. ***Due to reddit API changes which have broken our registration system fundamental to our security model, we are unable to accept FTMO & MFF Funded certificates Doing new ones this year follow my journey! u/wannabechampfx ADMIN MOD • The Secret to Passing ANY Funded Challenges using this 3 Step Strategy, sharing the strategy breakdown, the psychology and the thought process when doing a funded challenge. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I see that FTMO still exists and now they allow crypto alts trading (xrpusd etc) which is nice! Recently I’ve been focussing on us30 bc there’s no commission with it When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. 8% target with 12% max drawdown, compared to 10-10 with ftmo. FTMO recently blocked new and existing US clients from purchasing new challenges or trials. haha. I still think FTMO is a great short term idea. Here is a snapshot of their offerings: Live Spreads and Commissions. Indices and Commodities used to have the commission as $3. All personal preference but if you have some money to put them I’d go for it Reply Reddit . com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Hello, today was my first day as a FTMO trader, and didn’t go as planned. There's a real mix of opinions out there, some people say FTMO is a great company to trade for as you get to keep a generous portion of the profits and get good leverage, spreads etc. and hold trade for atleast 30mins-1hr about 40-80 pips use a 30 lot which is 30$ a pip Additionally, you need close any open positions on the pair it'll effect . reddit's new API changes kill third party apps that offer accessibility features, mod tools, and other features not found in the first party app. I rather inherit my own money rather than have a company take my commission each time. FTMO has a dashboard that lists the times that the news will be released. Go to FTMO_Forex_Trading r/FTMO_Forex_Trading 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 If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. Opinion on free commission national bank trading platform It would be preferable to ask FTMO this question directly via their support email rather than internet strangers. The profit targets for two of The 5%ers’ packages are 6% and 12%. They offer the same account sizes as ftmo. For indices and other 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 I have accounts with both FTMO and 5er's. FTMO provides its traders with tight spreads and competitive commissions, ensuring low overall trading costs. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. the spread and commission they’ve built in means it’s really not for people like us. Yesterday I took 6 trades with profit of 0. They have better rules imo and the spreads are crazy tight with 0% commission. 0-0. If they fail, you are still out FTMO's challenge fee. The commission on FTMO accounts is only 3 USD/round-trip/lot on Forex, which is well below the market average. Sometimes, however, the simplest solution is also the most effective solution. It is recommended because it is trusted. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. No news rules, no weekend rules, smaller target, cheaper price. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. FTMO is it's own broker, I've asked that recently and that's what they replied. Trades over the weekend . Remember on ftmo you get an extension if over 5% I think it is. So please if you don't have a LTD company for trading or are The FTMO November Affiliate Competition runs from 1st to 30th November 2024, offering affiliates the chance to increase earnings, compete in two exciting categories, and earn FTMO Points that can be redeemed for FTMO Challenges or discounts on them. Let's face it, a lot of traders fail and lose money and I admit it Welcome to FXGears. , whereas other people say FTMO, like 'all prop firms', make money through people paying for, failing, and repeating their challenge, and those who do pass are faced with such strict trading restrictions From the beginning, FTMO's goal has been to help skilful traders solve the problem of undercapitalization. Instead of worrying about calculations and plugging values into formulas, the easiest approach is to try I would think so in the sense that the tighter the spread the better right? Their spreads are just all tighter than FTMO. 5k Posted by u/_iron_wolf_1996 - 5 votes and 17 comments Trying to pass one of these prop firm challenges isn't easy. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. FTMO - My position calculation looks like this, is this an error? Is there a fee for holding positions long term on FTMO? comments sorted by Best Top New Controversial Q&A Add a Comment. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO has been in business reliably for over 8 years as a prop and longer as a broker I believe. They just seem to offer a better deal overall. That’s what their website says. For me are FTMO and MFF the best. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Whereas the market orders on ftmo (not all but some) have had insane slippage. I placed market order on gold at peak London session and the line of execution on mt4 was As you may have seen ftmo recently announced they're bumping up profit split from 70:30 to 80:20 as a holiday treat for passing traders. Bonus Rollover: Receive a 5% bonus when you roll your profits into a new FTMO account (withdrawable after 30 days). And even extra 10% more for those qualifying under the scaling plan. 00 - Leverage Normal 1:3. I have screenshots of my p/l. 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 always thought on FTMO but not sure if there are better options out there. Best. Funding talent has a challenge now that has NO restrictions and their cut is 80/20 vs ftmo s 70/30. 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. 3 pip spread etc. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO official response: Hi there folks, thanks for your comments. - To be with other like-minded forex Took me an average of 1. Trust me, you can’t scalp a few mins on ftmo and probably not on mff either. Pro & Cons= MFF : Cheap registration fee, reasonable spread, $3 commission on forex pair, 12% max loss rules. Ftmo has extremely bad slippage. Ftmo is more years on the Market . 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. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Hi! I am FTMO funded. Both prop firms give you a unlimited free repeat FTMO has a better profit split (70-30) than The 5%ers’ 50-50. FTMO is a prop trading firm. 5-1. 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. Trading spx500 went short around noon, and it didn’t come back. Another point to note is that trading with own money is always better and profitable in long term. So you put a deposit / security payment of $230AUD, to start the challenge, but can lose a maximum of $1500AUD Welcome to FXGears. Our FTMO Challenge is the first step of our Evaluation Process. 10%/month like FTMO is not realistic imo. Ik a lot of you are just going to say FTMO week two of the challenge on a scalping account. 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 View community ranking In the Top 1% of largest communities on Reddit. I have come along way! Please share your experience with trading or even FTMO :) Welcome to FXGears. For a standard forex lot it's $3. What makes their two-week account great is you can get FTMO has better payout in %, better customer service from what I've been told and a better dashboard/client area. My question to everyone is what does a Seeing a lot of videos lately of people passing FTMO challenges on Youtube. Quite aggressive if we are trading on a normal account, but being aggressive is inevitable when trading on a ftmo challenge. Just use ftmo man I think 5%ers are legit also. 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. (+ liquidity available for that broker). Q&A. With FTMO, the figures are 10% and 20%, meaning that The 5%ers are the winners here as the percentages are lower. Traders can access up-to-the-minute spread and Welcome to FXGears. 000 for a position, and for Stop Loss I Welcome to FXGears. Their scaling plan of 10%/4 months is more realistic. In the other note I believe in every single one y’all who are trying to make a change. 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). Or check it out in the app stores I have run my expert advisor and the results of the last year were achieved by risking approximately 1% per trade on my FTMO demo account. S. The System is fair . Quadrio offices Purkynova 2121/3, 110 00, Prague Czech Republic [email protected] +420 910 920 310 With TFF’s $7 commission, let’s not forget MFF deliberately used their commissions (and slippage) to take some away from the trader’s overall profits. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! It seems like FTMO and MFF treat their businesses like a casino while the 5%ers looks like they want long term traders. My strategy is most of the time held over a long period of time compared to daytrading, sometimes longer than a few weeks. I think a lot of people don't realize that many of the traders that pass the challenge fail to make their first withdrawal because they fall off after getting funded. Thoughts. I’ve got a few trading buddies who Welcome to FXGears. The money had left my account put it that way. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I started with FTMO, because they offer a free trial and I trained myself to pass those trials with 10% profit instead of 5%. You can't open or close a position on The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. Yeah the commission is fr that bad. majority of people who prefer MFF over FTMO do that for the prices of their challenges and the lower profit target/bigger drawdown, but the ones who know more such as myself know that ftmo is still better, it has better trading conditions and fast payouts and let's not forget that u might think that a 12% drawdown is better than 10% but with FTMO developed a unique Evaluation Process for traders, consisting of an FTMO Challenge and a Verification, specifically tailored to discover trading talents. The challenge is the hardest part. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. However, after market hours, it’s volume is fairly low, spreads aren’t great, and it is less predictable. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Cheapest commodity to trade with FTMO? Prop Firms comparatively speaking, with FTMO? I know EURUSD has very low spread and no commission, but there's a ton of things to CSCareerQuestions protests in solidarity with the developers who make third party reddit apps. FTMO, MFF, TFT, TTP, Fundednext and etc. Occasionally, I’ll catch a few trades/scalps 2-3 hours before the market opens. 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 Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. So now I have my 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. from the limited information i have been able to find, the tax brackets for trading is tax free because its Welcome to FXGears. What are your thoughts? Strategy What is the time frequency you are trading at and what are commission Savings are hard to come by because FTMO doesn't give them out very often. FTMO - I’d advise anyone to use FTMO before another firm as an overall choice, simply because they’re possibly the most established and reputable firm among the industry. Forex traders of reddit I'm asking you to tell me about the average spread you get for EURUSD in London&NY when you are demo trading to pass FTMO, 5ers, Funding Talent, etc. Trust the So to them, it is a completely risk free business. 1 lot on FTMO is 3 bucks and 1 lot on 5ers is 4 bucks. The charts really don’t match up specifically on the lower timeframes Welcome to FXGears. r/Forex. challenge soon, I tried the 100k demo account and I'm doing good so far (2 weeks in). 1. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! First level ftmo challenge on a 200k account Prop Welcome to FXGears. You can achieve an equal amount of profit from just $10,000 account with own money, taking almost 40% floating DD ($4000), instead of <5% realized DD in FTMO. So I've been a funded trader with FTMO, which obviously means I've passed phase 1 and 2 of their challenge. Some people like to go with more trusted options. so literally, it's not trading firm , it's educational firm for profit taking in all aspects instead. If they pass, you pay. The issue here is that you see all the 'success' stories and no failure stories. You can hold trades on weekend but you must go for the swing account meaning you are losing leverage. I was just wondering how people feel about this as these two things were the only “weaknesses” FTMO had in comparison to other prop firms. But you can only trade 400k with them. They've basically undercut FTMO in almost every aspect. Open comment sort About FTMO. That gives you an easy overview over the spread on different pairs. As soon as you're funded it's up to you. com's Reddit Same here. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! On my 25k FTMO Challenge it says the max daily loss is exceeded today but it never actually did, i never did at any point go into drawdown above $1,250, i had stop losses set 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. The reviews and testimonials are all 100% 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. 8 - Win rate of 55-60%. 000 account) and 30x Leverage, so I risk 1. The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. So i've been profitably trading for a few months now but was looking into getting a funded account with either FTMO or The5%ers however i am so confused on UK tax laws that surround this issue. The commission arent really an issue So this how the first FTMO payout went. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! With FTMO, to get your 70% profit share, you have to invoice them, which I would do from my LLC (once I create it). The one advantage of top trader is you can make withdrawals whenever you want. Add a Comment. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology Welcome to FXGears. 5 USD/lot, Cryptocurrencies were $14/lot and XAUUSDm was $0. I wouldn't trust my money elsewhere. I have a broker on my personal account, I scalp 1min , and the account is growing nicely. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I was just about to buy an FTMO challenge then I found out that MFF had been taken down. 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). If I close a 4 lot trade Welcome to FXGears. I love the idea of ftmo, but they have a limit of holding trades over the weekend. - To be with other like-minded forex The charts in TradingView and on the FTMO MT5 platform may have slight differences in terms of price levels and candlestick patterns. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! If you watch some ftmo interviews on YouTube you will easily notice how little experienced are some of the guests. even if it's just a simulation. 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. Các thông tin trên trang web này không dành cho các cư dân ở bất kỳ quốc gia hoặc khu vực tài phán nào, nơi mà việc chia sẻ hoặc sử dụng chúng sẽ trái với luật pháp hoặc quy định của địa phương. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! 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. - No challenge was done in a day or a single lucky trade, all trade FTMO, a well-regarded prop trading firm, offers a detailed and transparent pricing structure for its trading instruments. Share Sort by: Best. The main reason is rules and laws. I decided to hold off on paying until I understand if it’s something that’ll hit 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. FTMO challenges may cost more but their commission rates are far less. They don’t use EightCap like many do, and systems have always been stable in terms of execution speeds, slippage etc. A €400 traded suddenly became a €470 trade lol. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I am in the process of starting a LTD company in the U. reReddit: Top posts of March 26, 2021. 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 Welcome to FXGears. 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. New comments cannot be posted. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO is double the price and slightly harder but I should be able to pass that as-well just wondering if any of you guys use any or both prop firms and what you would recommend Welcome to FXGears. Free Challenge: Earn a free FTMO challenge at the same size as your current account. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Just wondering how any funded traders on here deal with the news rule on FTMO, that a trade cannot be left or entered within 2 min either side of the news release? Traders in Welcome to FXGears. 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 others have stated, could also just be for Bro I’m the same. Ready to jump into the world of commission-free stock trading? sell, and trade CS:GO items. FTMO has the best commission, the drawback is can you hit 10% profit in 30 days without going into a daily drawdown of 5%. In FTMO, the maximum daily drawdown limit allowed on a $100K account is 5% which is $5,000. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Hi guys wondering if you guys have had personal experience with Prop firms other than FTMO with just as low spreads and low commissions. Folks just I think SurgeTrader and FTMO let you trade equities directly. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! 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. The max daily loss is the thing you need to watch out for. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Reasons a TP wouldn't get triggered in MT5 on FTMO? comments. Sort by: Best. Then tick "spread" in "columns". Use VPN and bypass those idiots. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Hi guys , I've been trading for 3 years now and I'm getting ready to do the ftmo funded. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Check out my shared screenshots with FTMO challenge stats for a closer look at the journey to success. FTMO, TFT and Myfundedfx as an example, on indices, US30 when opening and closing a trade = the spread on US30 is 1. Your broker makes money off of commission and swap fees. 04, 160, 240, 40, 80, 40. So far so good, but I got there in 8 trading days instead of the minimum of 10 trading days. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! This is a new clause in FTMO's T&C marked as a forbidden trading practice. Savings: Get a 10% discount on all future FTMO purchases. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! We always hear of 5%ers, Ftmo, MFF ect But I haven't seen one post about alpha capital. This question is specifically for people who know about UK tax and prop firm trading. (Should you pass) also they have HIGH commission per lot size traded. Funding talent has better split and lower fee for 25k account. You are trading with their money with the intent of producing a FTMO does charge commissions. Nice. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I just recently got my first FTMO challenge. FTMO only lets you trade CFDs, which is illegal in the U. I know FTMO offers a free 2-week demo challenge account to practice on. The offered technical solution for the FTMO platforms and data feed is powered by liquidity providers. 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 Step 1 – FTMO Challenge. 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. View community ranking In the Top 1% of largest communities on Reddit. If FTMO Trader doesn’t make a change to their Reward Day before the end of a one-month cycle, the Reward Day will be anchored to the last day of that particular Reference Period, without the option to change it further in the Welcome to FXGears. What exactly is "gap trading"? Basically, it sounds like gap trading is trading news and trading 2 Welcome to FXGears. 😕 Customers from the US are no longer welcome. They have raw interbank spreads on everything. How does it work?. Nexo is the world’s leading regulated digital assets institution. My question Hello all, so I passed the first phase of the FTMO today, and it says they will verify my account and send me the account details for the verification. 6pip but on a 5 lot trade you'll pay 300$ worth of hidden commission in the form of Slippage/Requote (I'm talking slippage without any During the weekend that has just passed, FTMO announced their account type known as “FTMO Swing” which allows traders to trade news and hold trades through the weekend. And they don't show you the commission they deducted they only show you your net profit. P/L Porn Locked post. What else do you think you have a slightly different strategy when you are doing the challenge? The spreads with FTMO are insanely small and no regulated US brokers come close to them. FTMO companies do not act as a broker and do not accept any There's also a table of all the instruments and information regarding each instrument they can trade with FTMO (leverage, commission, contract size, etc. Hi all, long time trader here, just recently passed my $15,000AUD FTMO challenge in 2 days (lol), and was wondering how does FTMO profit from its users if alot of traders fail? To put this in perspective, I'll be speaking AUD. FTMO is legit and has been around for a while. Get the Reddit app Scan this QR code to download the app now. But the cons thar we can all agree is the slippage are really bad even at non news hours and their CS is terrible E8 : Spread is at par with MFF, 1 day minimum trading days, responsive CS, commission is $5 per lot. Took a 70k FTMO challenge traded just gold, passed in 6 days. Exclusive Access: Unlock a new, larger challenge option ($400k) at a discount. Prop firms are not for everyone, but telling someone to not even give it a look is just retarded. Those who are really skilled and experienced can make very good money through FTMO without risking their own capital. The problem is the step 1- the 10% in 20 days. Meanwhile I’ve also been running two challenges with ftmo. Literally not one negative trade. The 5%ers, have more conservative rules on risk but the benefit is you have 6 months to hit the profit target. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. Commission splitting is totally ok and trading rules are nearly the same . for the purposes of receiving trading income from FTMO. Got to give it to FTMO. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. But I am also trying since weeks . The Support is Good. Thanks for reading this FTMO review. We don't have the greatest choices here stateside compared to those living in Europe. Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. Which one is the one with smaller commission and spread? I scalp 10 to 20pips so this is really important. Thus, during our time on the market we have been able to create more than 138,000 FTMO Accounts for our FTMO Traders. What factors do you find to be most crucial when choosing a prop company? Ex: The5ers. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Currently I'm doing the FTMO challenge and I got to the profit target. 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. Searching for it online is a waste of time. It's up to the Welcome to FXGears. There isn’t a straight answer because it depends on trading style and risk. I've tried another firm think it was funding made simple and they pulled my challenge after a tough week of trading (was like 3% profit though) because of some payment bs. When people take a $200K challenge--if they pass it and receive a $200K "funded account" it in reality is only a $20K account. com's Reddit Forex Trading Community! You’re giving a lot of profit back to the broker via commission by trading like this. Adding to positions to balance out Welcome to FXGears. Competition in the space makes everyone better off! Now is the time to take advantage guys ftmo profit split update Welcome to FXGears. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. On a personal account sure if you are comfortable go ahead and even YOLO it all comes down to your personal risk level and trading style. There is a little tighter spread on the 5ers, but FTMO is the In addition, FTMO is also giving traders an extra 14 days if they are close to hitting their target. I have a high win rate (few . 5 months per scale up. If you pass this first step, everything should be easy going. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Has anybody experienced a reputable prop firm they’d recommend that doesn’t have the level of commissions that FTMO has? The commission on FTMO Swing MT5 is eating into my The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. FTMO developed a 2-step Evaluation Process to find trading talents. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! (they have really low spreads but high commission) but i stopped trading with them because meta quotes banned their license Man, I always found with ftmo that my stops Yes but you have to take account how much your willing to risk. (Just gotta wait 5 more days to complete the 10 day requirement) I’m so excited to start. Made a Video of my strategy to pass the challenge. I noticed that their payouts for the higher tiers is 100%. 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. Or check it out in the app stores TOPICS I am researching prop firms and I want to know what broker FTMO uses & what is the slippage for crypto trading. Their challenge requirements are slightly less too. 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? I find that this stretches credulity I primarily trade US30 with ftmo and it is possible to trade at all hours. Also, when your funded you trade on a live account without slippage. FTMO does have some downsides though the biggest being the news restrictions. Comm/fees is almost 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. Controversial. Thats crazy and i didnt include commission. You actually risking 5% of the balance per trade if we are talking about a $25k challenge. I guess the main questions are- is that the best way to do 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's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Also Im not saying ftmo did some shady shit but my account indeed was hacked, but i didnt place those BTC trades i was sleep at the time. The problem w micros is that between commission, fees and spread you starting down a point depending on your broker. 5/lot. ( the reason I want EURUSD spread is because we can guess others based on this and the reason I'm asking this question is because my scalping methods won't stand a chance making money with For BTC it says = Contract size 1 - Margin percent 30. Do my statements make sense? If yes, why would anyone not go for a swing account? FTMO only provides services of simulated trading and educational tools for traders. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Does anyone know why the price feeds on trading view are ~$10 higher than that of FTMO’s price feed. Top. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! 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. Upon completing the Evaluation Process, traders are offered to enhance their trading skills on an FTMO Account in a demo environment as FTMO Traders with a balance of up to $200,000 in fictitious funds. TFF looks so blatantly obvious now Reply reply More replies plus they have to gain money from commission or some fee for operation or staff cost. ” So you could do news if you wanted to just to pass the challenge and get About FTMO. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. However, continuing to give FTMO 10% of my profits and more importantly the data they collect over time with all my trades is reason enough for me to move on. Quadrio offices Purkynova 2121/3, 110 00, Prague Czech Republic [email protected] +420 910 920 310 nowadays, "prop firms" tends to mean firms like FTMO, where you are actually trading a demo account and failed challenges are more than enough to cover any win that a tiny percentage of traders will have. Prices are relatively higher than other firms but like everything, reputation comes Get the Reddit app Scan this QR code to download the app now. Do your I just completed my 4th payout with FTMO today and never failed their challenges. Old. Btw the indices are excellent with FTMO because there is no commission. Upon successful completion you can get an FTMO Account with a balance of up to $200,000. com, a trading forum run by professional traders. Now they have removed US clients access to MetaTrader and are pushing DXtrade instead. rggdgceqxcszjgngogowkskmdqolfvlumqurrpxewzhcyjztlzyyf
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