Ftmo payout proof reddit. FTMO Profit split coming up this friday.
- Ftmo payout proof reddit I learned a lot in the past months, backtested The Reward from an FTMO Account is processed on a monthly basis by default, with the option to place a withdrawal on-demand after a FTMO Amazing Prop Firm, 5 stars for sure! I honestly need to give a 5 stars review, giving that this is my first Prop Firm Challenge and Payout. FTMO's 70/30. com's Reddit Forex Trading Community! Here you can converse 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 was surprised at the first Profit Split between me and FTMO. Their scaling plan of 10%/4 months is more realistic. We will be automatically alerted that you have passed your FTMO Challenge and we will proceed to The other one they claimed was "another person" is a Walgreens I live above and the Wifi connected to it as I walked my dog. from the limited information i have been able to find, the tax brackets for trading is tax free because its When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. i'd be willing to bet they're not so great anyway. If I blow the account (no matter how good you are, always good to keep in mind, even if This question is specifically for people who know about UK tax and prop firm trading. Take your profits out and fund your next challenge. Taking next to no risk this week. REALISABELLA. I sent proof of the distance between my home and Walgreens (same building) and the Wifi connected to Walgreens with the IP Lookup proof attached. Will post an update with proof of the payout! Share Sort by: Best. The proof of the accounts that they gave were that of challenge accounts. Still very happy with my results. commented. 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. My next prop firm would be FTMO or funded engineer. Good traders aren’t out here showing off every paycheque they get. Then the new month you start with your initial balance which is 300k. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. 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)? Good afternoon Traders! I have successfully passed my $100K 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. 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 max daily loss is the thing you need to watch out for. support, and discover ways to help a friend or loved . The Verification stage is the second and final step of our Evaluation Process. The scam ones may pay out small amounts, but will make up every excuse on the book not to pay you big pay outs. We paid out more than $190,000,000 to FTMO Traders and sent these payouts to more than 180 states. " Still need to pay 155 Euro. This is because as part of the ftmo contract agreement that you sign when you have an account, you are providing a service to the company and thus they then pay you for Hedera is a decentralized, open-source, proof-of-stake public ledger that utilizes the leaderless, asynchronous Byzantine Fault Tolerance (aBFT) hashgraph consensus algorithm. This quick access to You initially pay for a challenge account. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. I guess time will tell as FTMO matures and more traders are funded. And when you pay for 12 votes, 82 comments. 5 Cheap (not so I can't find the stats on how many traders have been funded for the year 2020 in FTMO. Then, there's the other service I used to pass the challenge. In this case. 389K subscribers in the Forex community. In this video I analyse my FTMO dashboard, explain the FTMO payout process and share the trades that earned me this payo I just received my 4th payout from FTMO today. Posted by u/THE-KING-italy - 96 votes and 215 comments Some of my members payout proof with the funded account tha we passed 🔥 More to come You can pay for an FTMO Challenge via bank wire transfer, debit/credit card, cryptocurrencies, or Skrill. Buy 2 challenges. How it works. 3 pips on USDJPY, no rollover no news, London session. A prop firm that’s legit would have no problem with the pay out. If you had the capital where you could afford to lose 5k a day i’m sure some people wouldn’t be trading for a prop firm but even if they did that’s extra money that they only had to pay $300 or even if they tried the challenge multiple times on different occasions it would still be worth your Posted by u/Prestigious-Key-560 - 27 votes and 30 comments Welcome to FXGears. That's quite good. Try to have less payouts and few good prop firm accounts . Drawdown was 600$. I get to pocket the last 40%. I heard that mt4-mt5 is getting permanently banned for all USA clients. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. Assuming no blowout, in an year one would have generated $9600 or roughly the same capital FTMO is providing to you. So I did the analysis of the best challenge to do for max profits over time. 9%) of those survive until the first payout/refund of challenge fee. even with a payout ratio of 3, 50% wr and 20% loss PER trade the ROR is 0. Posted by u/ThePonderer84 - 2 votes and 12 comments •FTMO Swing Account: no longer need to close trades for the weekend and, once you've passed both the challenge and verification, if I recall correct they also dropped the requirement of minimum 10 trading days a month - i. I’m working towards being maxed out with MFF then I’ll work on FTMO too. 9 pips away, also had the same trade on FTMO that did not get stopped and went on to take profit. I am so hyped and a post like this motivates me a lot. sometimes They hope 99 fail and they pay the 1 a little bit to keep the scam rolling. 20 to 0. "I recommend it to everyone, most people don't even believe it. I just got slipped 4. Reply reply Opposite_Spinach_239 Btw I bought funding pips challenge instead, their trading conditions are really good, it's simulated funds tho, unlike 5%ers. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I have 2 ftmo challenges under the same account and I've been scalping on both accounts placing similar trades a minute or less apart but with different stop losses. Plenty of payout proof from FTMO out there. After you pass all the Trading Objectives in your FTMO Challenge, you will see a notification in your Account MetriX informing you about your success, and you won’t need to trade the account anymore as your Trading Objectives are marked as passed. 1%-3% max but I think 0. If they pass, you pay. No need for FTMO. Ignorance is bliss🤩. Passed the first evaluation but failed the second due to emotional trading and holidays season. Btw: after payout, they reseted account to 100k. View community ranking In the Top 1% of largest communities on Reddit. Even fewer percentage (0. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Don't trust them as they can just ban your account the same way without showing any proof You might pass your first payout, but the strict rules and unrealistic monthly Welcome to FXGears. Posted by u/deadliftsquat - 210 votes and 81 comments With my prop firm it’s 7 trading days to pass the test, and only 10 trading days to get the first payout, and you can get 2k worth of payout twice per week (50k acc, 4K per month for first 3 months) until it becomes no max limit on the 4th month. once you're a full FTMO Trader, you can even go on an entire month without trading at all if unforeseen cir11cum1stances arise, you just cannot violate hlo brother i have researched alot about this topic and gained so many crucial things how it actually works, first of all i wanted to tell you that it's completely legal in india , because this is like a freelancer where you are provideing your services to a person or a firms , and you even sign a contract with them via deel where you recieve your payout via various payment mehtod , bank If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. Please share your FTMO Trading experiences and Payout. In essence, less than 1 in 100 people who take a paid challenge survive until the first payout and challenge refund. If you earned a total of 60% you will get a payout total of approx. They'll take a payout and some of it is put into a "jar" that goes towards high-leveraged programs. It also serves as a motivational tool for others who are aspiring to reach But as you can see here on reddit most of them claims that FTMO is the most expensive among all. For an intraday trader though, I agree FTMO is probably a better fit since you'll be Take FTMO for example, you start with a challenge phase where you are using a demo account, then a verification phase where you also use a demo, then once you become a verified trader, and you are “funded” they still do not give you a live account with 10k,25k,50k, etc. com, a trading forum run by professional traders. com's Reddit Forex Trading Community! FTMO is a prop firm where you can get a funded account to trade. 2 on FTMO. Especially since my average holding time is 12 days. FTMO does have some downsides though the biggest being the news restrictions. Now let’s say in 30 days of trading that account he makes 30-40% total which is $90k-$120k. This just gave me motivation let’s gooooo! Welcome to FXGears. This is where things get interesting. e. 000$ . Also, when your funded you trade on a live account without slippage. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. Yet FTMO will soon become my main source of income, but you do you🤷♂️ They make you pay up to 500€ in order to have a “trial period” and if you manage to pass it, they give you an account with I know ftmo has a payout date for profits. On account 1, open up any chart and enter long as much as your leverage allows. Or trade a small capital and grow it to afford FTMO which is what I’m doing now The relationship between an FTMO Trader and FTMO is based on the FTMO Account Agreement that we will sign with you after you pass your FTMO Challenge and Verification as well as the KYC/KYB process. When you are choosing a payout channel, a new option will appear, called Crypto. While you're at it, read through Reddit's "reddiquette" here. Highest payouts in the regions. I withdraw every 2 weeks. 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. if you have a 50k account your max daily loss is 5k. I disagree with the first point you made. And of those funded 50% blow the account before the first withdrawal 😂. But, on High Stakes you only get $57,542 total payout. soooo funded trading plus will do a instant payout your Is not . 5k Skip to main content. Final Update on Apex Payout Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about Posted by u/aurumvexillum - No votes and 1 comment I received 2 payout and I'm about to receive the 3rd one and my experience so far is fabulous. Any Canadians with FTMO that can help? I was expecting a profit split from FTMO via bank wire, but apparently my bank canceled the transaction(per Welcome to FXGears. 4 Favorable Payout Ratios: Initially, you get an 80/20 payout ratio, with an easy transition to a more beneficial 90/10 ratio. Edit pdf's and place your name, you won't last much on ftmo anyways, so at least get your fee back and some money on the payout and give up on prop firm trading before going bankrupt Reply reply I got slipped 4. 100k in one month. 385K subscribers in the Forex community. First 25,000$ of profits completely mine. Real fuking hard. 8% target with 12% max drawdown, compared to 10-10 with ftmo. A €400 traded suddenly became a €470 trade lol. Ftmo will take 10-20% of that profit and the payout you receive will be 80-90% which will make the total amount you receive around $100k. com's Reddit Forex Trading Community! Here you can converse about trading ideas Welcome to FXGears. got my 1st payout (1% profit )this week on a 100k funded. Ftmo has extremely bad slippage. But as far as forex/futures, I wouldn’t recommend anyone to do equity first. New. So High Welcome to FXGears. The money had left my account put it that way. The whole concept is a scam and targeting your dreamer ego to keep sucking payments out of you! Please avoid and get a real account. They use you as a consultant and may take the trade themselves or they may just pay you with the money from people that lost a challenge if they don't take the [winning] trade. On account 2, open the same chart and enter short by the same amount. Tbh MFF is okay, their customer service is kinda bad ngl but there is proofs of pay outs. Go to FTMO_Forex_Trading r/FTMO_Forex_Trading • by rossquincy007. But they do not provide any more details. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Yes FTMO does payout here’s a payout from a good friend of mine who is max allocated with FTMO. I share my dashboard analytics and proof of payout and break down certain trades I took to secure the seems like you guys have not understood how ftmo works. Please participate in other subreddits (other communities on Reddit) to increase your Comment Karma points. The r/GolfClash subreddit is dark from June 12th-14th in support of the Reddit Blackout Protest. Obviously selling currency back into another currency is never taxed (Real currency trading). ok let me tell you this,how i got my account violated how they scam me,,i have proof. My advice is if you can afford it, go for FTMO , if not MFF. So why pay them when I can trade with my own money? Now that MFF is having some issues due to their business model that involved using money from challenges to pay traders. You just have swaps. Thats crazy and i didnt include commission. Pay about $350-400 to be tested on your trading skills and upon passing you receive up to 100k in funding and a 70/30 These certificates have become highly valued within the trading community, often shared as proof of accomplishment. Halfway there on the second challenge. true. They don’t use EightCap like many do, and systems have always been stable in terms of execution speeds, slippage etc. You can withdraw your profits in Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), USD Coin (USDC on ERC20 Network) and Tether (USDT on TRC20 Network). com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! "Please note that Free Trials don’t give you any eligibility to automatically secure your FTMO Account. It's CRAZY. In the case of FTMO, you would have passed the challenge the first month and gained 10% the second month on $100k, which would be $10k, then take home $7000 from your 70%. While of fxify for example you can directly pay an extra fees and get more benefits on creation. Almost close to the 600$ drawdown. Atleast FTMO is transparent (one-time fee, that you get back if you pass, and 30% comission), and have got a 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. 1% of those who take a challenge pass both stages. But I’m still questioning if ftmo would do a full payout on such high profit. You can't open or close a position on Default Payout Ratio: By default, FTMO offers a payout ratio of 80:20, where traders receive 80% of the profits they generate. A new prop firm could go bankrupt if FTMO or MyForexFunds FTMO has step 1 10% step 2 5% with 10 trading days minimum MFF has step 1 8% and step 2 5% 5 trading days minimum Both gets you a free reset if all rules are respected and you are break even or in profits. First payout is this week, which unfortunately will all go towards paying If I understood them (because their website is all over the place), it's x$ a month, but only for v days, after which it's y$ a month, but if you pay it from your trading profits its z% off, and you will always pay 20% on what you make. Things that helped me pass my FTMO challenge, verification, funding and payout . 3 pips(its a lot for me as I'm scalping with 6-12 pips stop losses), while on FTMO my stop loss order hit with no slippage, made sure there were no news events or rollover spread too. What is the FTMO profit share? My friend had a payout from Ftmo for 20k they did pay him out. It took me 2 days to pass the first stage, 4 days to pass the second stage. Posted by u/Shitty_sam7 - 26 votes and 82 comments Welcome to FXGears. If you pass the challenge then you'll move onto the verification. I passed, focusing on my risk management, not profit. 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. Frauds Posted by u/tryui18 - No votes and 8 comments Yes FTMO does payout here’s a payout from a good friend of mine who is max allocated with FTMO. Which option did you use to pay for the FTMO challenge? I’m looking to Also keep in mind that if you do pass and get a funded account--currently payouts (with most firms) are only allowed once every 2 weeks which means the odds are in their favor that during those 2 week intervals you will either stop trading once you have a small profit to wait for your payout (as you cant withdraw profits daily), or you will continue to trade during those 2 weeks 92% of people blow the account in phase 1, of the remaining 8% another 75% fail in phase 2. - To be with other like-minded forex Yeah. If they fail, you are still out FTMO's challenge fee. But in order to get it I need to pay 50$ (was reduced) . I then use my profits to fund my stocks/options account. 1% risk and trade-copy to there "dispensable accounts" with 10x multiplier. $187,200 through bootcamp. FTMO pays back the fee for the challenge There is only one "fool proof" strategy. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO payout proof. Hilarious. the split is about 80/20 i think? but you have a pass a test to show you can trade well enough to grow an account without losing more than a percentage of the account. Just take care of one thing that FTMO does not allow you to hold positions over the For example ftmo allows 10% Drawdown that doesn't trail for getting 10% gain. Thus, during our time on the market we have been able to create more than 138,000 FTMO Accounts for our FTMO Traders. would you guys be interested in a payout proof if i pass cuz this is something i was searching for to weed out Welcome to FXGears. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. Open comment sort options. 0. Get the Reddit app Scan this QR code to download the app now. RIGHT ?! we all get ourselves into jams and every good trader knows that losses are just a part of it. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! You only need to earn 2. They don't have to scam. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Does FTMO actually pay out their 90% profit? Forgive me but wouldn't it have been wiser to take up the challenge with the biggest account like for eg. 5 months per scale up. so let me clear things up: your trades never get placed in a real market. Here are testimonials of our traders. Once I receive a payout I’ll post a screenshot here. 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 Just received this email from FTMO. All of this seems completely fabricated to deny me my first payout. Posted by u/Existing_Job8215 - 4 votes and 16 comments 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. (1% of risk per trade with 66% win rate) FTMO rules are far laxed compared to the firm I work for now but l manage a far bigger book and obtain bonuses and payouts. I traded the demo account on FTMO with 40k for 2 weeks and reached 20% and also passed all the rules, for me its time for a real challenge. Many traders display their FTMO payout certificates to build credibility and demonstrate their consistent performance to potential investors or peers. i'm in the same boat and i can kill - but i'm also human and can get off track - i recommend thetradingfloor for a supportive community - and they offer indicators and genuinuely help. 5%-1% is better for long run, Actually I was doing well in the two phases but in the FTMO account I wasn’t myself when I look to my entries back then i says WTF why did i took that trade whats the reason for the entry, I was just want to make money fast, Greed blinded my insight now, I believe revenge/over Trading has a huge Congrats big dawg 💪🏾 ; I have a 50k funded account too! Already got my first payout last week and my 2nd payout will be end of this week. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. Please note that your status (Natural Person, Legal Entity) will be based on the option you selected during your first order purchase, depending on whether you purchased So to them, it is a completely risk free business. On-Demand Payouts: FTMO Traders can request payouts on demand, and these can be processed after just 14 days. Due to regulatory reasons, bank transfers are not available for payments/withdrawals in the case of the following countries: Welcome to FXGears. Utilize the Golf Clash Discord for questions and chatter. Its a money printing machine on the biz side plus you can piggyback/sell the gem traders. Like i sometimes think i will be able to get funded with FTMO and build my account up to 600k and i will get monthly payouts consistently. 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. If you have 100k of course they will find a way to delay or even not to pay you. The FTMO funded trading program has specific rules that guide the traders in their conduct as well as describe the expectations and the targets that need to be met for traders to complete each stage of the program. Each to their own - One person may see it as a 'flex' another as 'inspiration' Step 2 – Verification. That means only 2% make it to the funded stage. They'll trade there normal compounded account with 0. firstly i already pass the 10% challange and 5% verification,,on 14 july i make about 660usd thats mean i have max daily los is 5600usd. I see a lot of people passing the FTMO challenge and doing their first withdrawal - very rare to see someone that is still showing their progress after 6months+. MyForexFunds offers up to 600k funded, FTMO offers 400k. I passed my $200k FTMO challenge a while back and am close to payout. 22 votes, 24 comments. Don't pay for a dream of a big account, but choose small account trial that don't cost much and develope the trading routine. We then pay them millions of dollars per month from their proceeds. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. Reddit has made some changes in their billing for API calls that effect ALL of 3rd party developers that have alternate apps. Best. Dariusz 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. This means that they can generate 10% per month on base capital = $800 payout after FTMO keeps 20%. 22%. Investing in broad-market low-cost indexes, diversified between equities and fixed income. FTMO take their little slice right off the top from payouts. 000, they will payout the profit split every month or at the selected profit split date. And they don't have tat minimum 3 Profitable days to get payout rule, which is in 5%ers and sucks. Took a 70k FTMO challenge traded just gold, passed in 6 days. No comission, spreads are okay. 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) Just use ftmo man I think 5%ers are legit also. FTMO IS JUST A SCAMMER. Post an update with proof that you earned anything of substance from this funded account in 6 months and I will delete my account. 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 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 The answer is only people who have gotten a payout know and particularly people who have had big payouts exceeding 50-100k. They give you any reason not to be paid out. 000 FTMO Account and always gets the payout, one time 2 weeks too late but he got it All I care about is the fact that they pay out idc how or what happens as long as I get my 80% profit split. 8% on the 2nd live funded account. They publish the numbers and most fail the first or second stage (free money) then after even the funded will lose the account within a few months. Started Monday I was already +8%this morning ,after news I deleted mt5 at +3,6% and I'll wait till payout date 😎 . The maximum drawdown is the real account . 10%/month like FTMO is not realistic imo. You never know when you will breach any of the rules or when they changed any of their rules. In FTMO, the maximum daily drawdown limit allowed on a $100K account is 5% which is $5,000. If you believe this was a mistake, Final Update on Apex If you read it correctly. I’ve passed the first challenge for the $200k 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! FTMO payout proof upvotes Got my payout of $4000 denied by these guys, and the reason the give is that I had 4 trades that were highly similar to other traders. He’s a private guy so I can’t share any of his recent ones but this is one In this video I show my payout from well known prop firm FTMO. I've been reviewing my trades. 5%+ per month to scale up They paid me an $11K payout with zero issues, so to be honest, I doubt they would sabotage you over only a grand worth of profit. I still think FTMO is a great short term idea. com's Reddit Forex Trading Community! Took me an average of 1. I share my dashboard analytics and proof of payout and break down certain trades I took to sec 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. They're handling my account now and take another 40%. Welcome to FXGears. The FTMO rules ensure that traders are disciplined in their approach to the program which will enable them to achieve the best of results through acceptable methods. You can find plenty of payout proof for FTMO, MFF, TFTP and others. (MFF has stated that only 5 traders has reached their 8th payout 72 votes, 73 comments. 35% moves in the market (before leverage) with With FTMO, to get your 70% profit share, you have to invoice them, which I would do from my LLC (once I create it). com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I was recently reading up on funded Accounts like FTMO. Same here. Just to pitch in to this, the reason this wouldn't apply to ftmo or any prop trading firm is it is liable to income tax. It is governed by a diverse, decentralized council of leading enterprises, universities, and web3 projects from around the world. Remember on ftmo you get an extension if over 5% I think it is. 20 votes, 56 comments. He claims FTMO is a Ponzi scheme because they use the money from those who lose to pay out the accounts of those who win, ignoring the fact that even if they used all the money from all the losers, they wouldn’t be able to put together a single 100k account. Though that FTMO extension is sweet, unlimited time limits, small targets, and faster scaling are sweeter for my strategy. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I passed two FTMO 50k's back to back, lost one and currently up about 3. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! My friend has a 200. That's my way to secure 3k € instead of 0. I've narrowed down and will share some things that stood out and helped me succeed. Similar trade on FTMO did not slip, another trade I got stopped out when the price was 0. If it’s your first payout you will get the refund of the initial payment of the challenge as wel. 387K subscribers in the Forex community. The subreddit has not kicked you out or gone private. Top. -ftmo's business model is based on the failed challenge I received a $4. Once you have 10k of your, you can trade using your own capital and keep 100%. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! The spreads are pretty good but in total i pay about 20% of my profits to commissions. Then after you pass you pay an additional 80$ then another 250$ when account get activated. One payment was 3700€+ challenge fees and the other was 4100€ Reply reply Welcome to FXGears. after i close all positions A prop firm like FTMO isn't actually giving you any money, a "funded account" with them is really a demo account. If you earned the same percentage on Hyper account you will get a total approximate payout of $97,200. But i found a similar popular prop firm "Topstep" that display on their website that 5487 traders has been funded so far for the year 2020 and a total payout of 2,026,505 (updated December). Prop Firms I just started a challenge a month ago and I will share all my experiences and Payout Do you have any questions about our Challenge or Verification process? You are going to find all the answers here! 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. Everything so far has been great, whenever I We will be automatically alerted that you have passed your FTMO Challenge and we will proceed to evaluate your trading results accordingly. But here is the problem: is FTMO using the same business model ? Especially because they claim they use their risk management for demo accounts connected to live markets. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! As a general rule, i risk 1% for each trade on my ftmo account, but i only do it when i have a significant buffer on my account (at least 5%). How can they afford to pay you a salary if they give you back 100% of the profits ? Another question is slippage and spread, I mainly trade indices (SPX500) with a good consistency, but my strategy aims to capture 0. Open menu Open navigation Go to Reddit Home Open navigation Go to Reddit Home Actual Fx Broker here, forex profits are tax dependent on what kind of trading you do. I've made 4 withdrawals since May. Currently up $500 right now but my goal is definitely to hit 4 figures on this 2nd payout and eventually get like you with 5 figures. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! 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 You will find an option for cryptocurrency payout in your Client Area – FTMO Traders tab. After approximately 1-2 business days, we will then send you the new account login credentials for A thorough discussion regarding prop firm challenges and what it takes to pass and maintain funded accounts + Proof of my most recent FTMO payout with corres In this video I show my payout from well known prop firm FTMO. 9 pip spread on Tokyo session is unacceptable, I get 0. 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. And it actually happens, most traders lose money so the risk for these funded account brokers If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". And the the account Raul used was $300k. once you pass they give you the acct, and from then I can tell they are . Once I got funded live, took me about a week to hit $20k profit on the $200k account. This subreddit has gone Restricted and reference-only as part of a mass protest against Reddit's recent API changes, which break third-party apps and What is also really interesting is that the challenges are easier to pass. I'm by no means bragging, I'm simply stating that FTMO is worth it and anything worth doing is hard. Then our desk fee for certain software and other trading tools was around $300 a month So if Just remember less than 10% of people pass their challenges, and if that about 2% actually take any profits whatsoever ¯(ツ)/¯ if you’re rocking through even 10 challenges for one payout that MIGHT get you to break even it is an indication this is probably a waste of your time. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I would like to ask you please about FTMO payout A friend of me requested a payout but they told him for some reasons ( i dont know them because he didnt tell me) they split Welcome to FXGears. I personally think FTMO is better than The5ers (also because of the payout %) but Pay yourself first as it's not your money. View community ranking In the Top 20% of largest communities on Reddit. Do you have proof of this or are you talking out of your ass? Reply [deleted] • Additional comment actions. I have 2 questions: 1- When have you received your account after passing the challenge? 2- When do I receive the refund for challenge & how do I receive it? Side note: I have tried 7 prop firms since last year. 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. The purpose of the Verification stage is to test your trading consistency. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! They count on other 20 people like you blowing their account so they can pay you. This is my 3rd time with FTMO. Buy, hold, pay low fees, and stay the course 601 votes, 156 comments. even if i do like 5% monthly. Evaluation Process he had a payout of $76,000. Prices are relatively higher than other firms but like everything, reputation comes Another point to note is that trading with own money is always better and profitable in long term. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. Trying out funding pips as I saw some positive reviews on reddit, if they don't give me a satisfactory reply I'm probably gonna file a So I decided to try out FTMO. 4% per day on a $50,000 Account) you would be withdrawing $500 minimum by the end of week one or week two completely regaining your ROI on the Account According to MFF's own statistics around 2. It doesn’t matter how much money you make on the funded account, it can be $1 or $100. " Welcome to FXGears. I know some people who can easily make 50-70% return each month. The help desk is very kind and they answer your question almost instantly. He’s a private guy so I can’t share any of his recent ones but this is one from 2022 View community ranking In the Top 1% of largest communities on Reddit. 8k payout from FTMO. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I had an 80% profit split with the firm and would pay another 20% or so in taxes. Agreed. MFF is supposedly legit but I’ve seen some shady « I got paid » in their discord proof of payment discord server with copy pasted messages (also there is loads of Why isn't there any proof of FTMO scamming people. Hedera is a decentralized, open-source, proof-of-stake public ledger that utilizes the leaderless, asynchronous Byzantine Fault Tolerance (aBFT) hashgraph consensus algorithm. This is already a generous profit-sharing model compared to many other trading platforms. After 5 winning days of $200 each day (Only 0. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO trading and Payout. Or check it out in the app stores FTMO Profit split coming up this friday. 200K on FTMO? At that FTMO' withdrawal and payout policies, key factors such as payment methods, payout process, processing timelines, fees, restrictions, and tax considerations KYC Compliance: All traders must complete KYC verification, providing identification and proof of residence to access the FTMO Account Agreement . No they don’t let you on this prop firm only majors and crosses Welcome to FXGears. . However when he made 90k they did not pay him out and Ftmo is ignoring his emails and support is not giving any helpful answers . Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. I tried one of the 50. lqnkg fzson jwmuw gybwnw gscgrx xtyghb edokr lttmfe xmnyptd ayemx