Is ftmo regulated reddit Imo, it defeats the point of the scaling plan if FTMO is that afraid of a random successful trader here and there. By offering their services to US residents and not using a 3rd party brokerage, they put themselves at risk of being targeted by the US Government, and if the US goes after them, it will open a can of worms just like it did in the Dec 19, 2020 · Assalmualiakum wah rah mahtullah. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! May 11, 2022 · I literally pulled example numbers out of my ass. I don't think you're going to deny that an 85% winrate with a 10:1 average RRR for a profit factor of 61 is unsustainable. If the company is based in Cyprus, the Bahamas or a similar offshore destination, you need to be careful. so go with a firm with a regulated broker like eightcap, thinkmarkets, blueberrymarkets etc, and for some time join only firms based in Europe or UAE. Look at Bernd Skorupinski. Apr 9, 2022 · Ftmo is awesome and industry standard, I'm just not a fan of the "make profits in this amount of time" system, but if I'm not mistaken as long as your account is profitable they will Sep 20, 2024 · FTMO Not Accepting US Clients. For anyone looking to safeguard their financial interests, don't miss out on this essential information Dec 3, 2022 · Many of us on Reddit have probably used MFF in the past, and it is well known for their shitty spreads. Dec 12, 2024 · What country it is based in, what regulator it falls under, what type of broker it is, etc. It means you're getting another shot at conquering the challenge and reaching the profit target. May 9, 2024 · While FTMO may not be directly regulated as a proprietary trading firm, it is crucial to consider the regulatory environment in which the company operates. Additional Insights About FTMO Include: Account Options: FTMO offers accounts like the Swing Account that don’t have constraints on holding positions over weekends or trading during major economic announcements. As per the company’s current business model, it does not come under the regulatory framework. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, FTMO has been in business reliably for over 8 years as a prop and longer as a broker I believe. Get app Get the Reddit app Log In Log in to Reddit. Jun 16, 2023 · I’m considering starting the FTMO challenge next week for the $10,000 account Welcome to FXGears. He has over 25 Jul 29, 2021 · Yes, from my review of the same question, I believe US persons or entities can participate on the FTMO platform. Before Nov 22, 2024 · FTMO Reviews on Reddit. The real question is do YOU have a consistent and profitable Aug 16, 2022 · Bro it’s wild. I am considering AMP Futures. The research i came up with states that you should have a micro company in France. Proprietary trading firms utilize simulated markets to train or evaluate traders. Another point of view, Just position yourself as new trader - passing challenge on FTMO is regarded as an achievement of some kind and you would want to brag it here. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars;. Would anyone recommend using a I'm currently doing my first FTMO challenge so not been funded yet. Sort by: Sep 11, 2023 · View community ranking In the Top 1% of largest communities on Reddit. So with that information, while you’re trading with their prop, do you only make 90% on the trades they decide to execute or is it all trades you make on your account? Jun 8, 2023 · 22 votes, 24 comments. ok let me tell you this,how i got my account violated how they scam me,,i have proof. Dec 19, 2020 · Assalmualiakum wah rah mahtullah. Jul 31, 2024 · In a nutshell: FTMO is an exciting top-notch proprietary trading firm loved by thousands of seasoned traders. Terrible! I had an account long ago with MFF, the spreads got up to 4/5 pips & keep in mind these are spreads in normal times, May 11, 2022 · I literally pulled example numbers out of my ass. Some praise its reliability and payout, while others criticize Aug 2, 2021 · not claiming they're not 100% or anything, I'd just feel better knowing they are held accountable by something like the (CFTC, ASIC, BaFIN etc. FTMO only lets you trade CFDs, which is illegal in the U. This company uses a two-step evaluation process that has a relatively low pass rate. What a grind. Instead, it’s a prop firm that provides its own funds to traders who prove their skills through its evaluation process. FTMO has paid out over $130M in profits to traders on their platform in over 180 countries. 10% drawdown allowance on a 100k account is NO different than risking 10% per trade on a $10k account. 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 Mar 28, 2022 · M1 lets you earn, invest, spend, and borrow all on one financial platform. S. May 1, 2021 · I risked no more than 2% of the account on one trade. It was the Technology Fast 50 Winner by Deloitte for the past four years, has prop traders from 180+ countries, a maximum profit-share of 90%, allows maximum leverage of 1:100, a two-step verification process, and has no strategy restrictions on the MT4, MT5, and cTrader trading Mar 18, 2022 · Hello, today was my first day as a FTMO trader, and didn’t go as planned. 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. I really thought about this and I have concluded the same. While you, the trader, naturally want the biggest bang for your buck, prop firms simply can't offer massive accounts at rock-bottom prices. 50 USD and you my max permited loss is 5933. Jun 10, 2022 · Welcome to FXGears. Q6. myff is a joke. They have a little sweep up operation when some investigative journalist exposes them, then back the business a couple months later. Ive had over 10 payouts with mff and 0 with ftmo. If you are a real profitable trader you shouldn’t have any problem following FTMO rules. (+ liquidity available for that broker). com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, Given that so many prop firms offer certain things ftmo doesn’t and other traders are looking the other way instead of ftmo it makes sense. But if you want to go the free route, Yahoo Finance is the best free option. Dec 7, 2023 · Da in letzter Zeit viele Posts gelöscht werden, nachdem die Frage von OP beantwortet wurde und wir möchten, dass die Posts für Menschen mit ähnlichen Problemen recherchierbar bleiben, hier der ursprüngliche Post: Ftmo Identity Mar 26, 2023 · I may suggest taking advantage of ftmo’s scaling plan for awhile first. There is a compnay called FTMO. Court decision become a legal precedent and will be enforced in any subsequent cases until be revoked by higher court and/or act of Parliament or congress. 6K subscribers in the FTMO_Forex_Trading community. 10% of 1000 = 100 10% of 10000 = 1000 70/30 = 700 and 50/50 = 500 10 of 100000= 10,000 70/30 = 7000 and 50/50 = 5000 Jul 23, 2023 · these prop firms are legit! Sure they make mistakes but once they realise they usually always fix it. I usually risk 1-2%, but on an A+ setup I might want to risk 4% (5% would be daily 2 days ago · Who can join FTMO? Apart from the exceptions listed below, we accept clients globally, as depicted in the accompanying map. 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. The regulations are "loose" and they´ve managed to satisfy EU-regulations. 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 Sep 23, 2021 · 1. Is it if FTMO got spooked out of the United States others are bound to follow unless they reach some crazy compliances to be regulated by the US Reply reply More replies More replies Mar 20, 2023 · Just curious how it works. Regulatory licensing for retail brokerage differs from prop trading, and FTMO's progress in this area is unclear. ) Their prices were dirt cheap, almost half of ftmo for smaller accounts so it was not sustainable. First, you should understand the FTMO business model. If they pass, you pay. As I understand FTMO's rules and their motivations: They want to identify consistently successful traders and copy their trades. Reply reply Dec 14, 2023 · Welcome to FXGears. If floating +6% at the time of reset then the rule is breached losing that 6% + the original 5%, which is rational. Aug 17, 2023 · Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Ask me how I failed my FTMO challenge with 0 losses (currently no open trades) Prop Firms Share Add a Comment. Funded traders can begin trading with up to $400,000 with leverage of 1:100 and keep up to 90% of profits made. The support is excellent and the whole process has been very seamless and transparent. Welcome to FXGears. However, it is not possible to predict any specific timeline or outcome. Please contact the moderators of this subreddit if you have any questions or concerns. I trade the M1 , with all brokers I’m used to using market orders which are fairly accurate but never spot on to the current price. This includes managing risk effectively, following trading rules, and maintaining discipline. I just Risk of regulated or non regulated broker Value of leverage Profitability of profit split If the assessment works for you then go for it , if not then dont. Trading spx500 went short around noon, and it didn’t come back. (I trade forex - XAUUSD). I dont want to partake in this if its Haram and its quite important I do see if its Halal or not. Overall, FTMO offers a comprehensive and thoughtful Feb 24, 2022 · Sorry OP but that's a dumb question. Adding to positions to balance out the cost, ended up biting me. The upshot of which is that if you suspect you’re being offered bad spreads you should just move Nov 15, 2021 · Hi everyone, it seems a year or two that profitable successful traders with a funded ftmo account appear always more often. 31 asia time you can see here,i supose to have 210. the only living thing who sees my trades is my cat. While the evaluation process is challenging, the potential rewards and tools make it worthwhile for those Dec 30, 2023 · What's your opinion on this? I want to trade on FTMO - max leverage is 1:3 for my symbols. I guess the main questions are- is that the best way to do this, Jun 7, 2022 · Hi! I am researching prop firms and I want to know what broker FTMO uses & what is the slippage for crypto trading. M1 is made for those looking to build their wealth using powerful automation and topflight rates. In the beginning i was worried Jun 14, 2023 · If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. and btw my win rate is close to 80%, I only take one trade a day those are just multiple TP or SL. Renewal is like hitting the 'refresh' button on your trading journey with FTMO. Nov 4, 2022 · The scaling is quite slow though right? It would take 8 years to scale a 10k account to $2M if you managed to scale every 4 months without missing a single month. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, I just recently got my first FTMO challenge. FTMO is legit, and I assume they have a lot of very successful traders. & Generally speaking most prop firms have a discord channel and u can definitely ask questions in Jan 13, 2022 · So to them, it is a completely risk free business. Jun 21, 2022 · Started the Ftmo challenge really well, stage 2 is a different story . Open menu Open navigation Go to Reddit Home. r/ftmo A chip A close button. You have the ability to decide exactly when you want to start the challenge, and if you don’t make 10% you can try again for free so long as you close in profit. Funded traders receive up to 90% of profits. This serves as a testament, however, of how badly designed the FTMO challenge is. Ive been with them for 2 years. Mar 28, 2022 · M1 lets you earn, invest, spend, and borrow all on one financial platform. Besides this, it also does not accept third party deposits. Reply reply Feb 21, 2021 · Hello, good day everyone. 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! Despite which of those options you pick FTMO will take 30% of your earnings. FTMO’s decision to ban US clients is influenced by regulatory factors and legal complexities. US Jul 31, 2024 · In a nutshell: FTMO is an exciting top-notch proprietary trading firm loved by thousands of seasoned traders. Your starting account of $100k now sits at $101k as you've chosen to keep most of your profits in the account. Aug 16, 2023 · FTMO is the most reputable prop firm around. 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. Cant wait for the downvotes on this May 3, 2024 · Find out the truth about FTMO Broker and the indisputable facts. I don't think FTMO would be afraid of someone who is outperforming others. Apr 1, 2023 · Welcome to FXGears. 😕 Customers from the US are no longer welcome. Searching for it online is a waste of time. Once you’re an FTMO Trader, you can keep up to 90% of your profits. true. Mar 18, 2022 · Hello, today was my first day as a FTMO trader, and didn’t go as planned. Jun 16, 2024 · FTMO has specific rules regarding margin usage, but let's clarify the key points: Leverage: FTMO provides a leverage of 1:30. While FTMO is temporarily unavailable for new and existing clients in the US, the office provides support to existing clients. Scouting programs (or Sep 1, 2023 · Well similar but FTMO seem to be more vigilant it appears about the regulatory aspect of their company unlike some FTMO website states: FTMO Evaluation Global Mar 4, 2024 · Since FTMO does not work as a broker, it is not regulated. Unrealized profit will not count towards the drawdown during a pullback. Jun 17, 2024 · "FTMO's relentless focus on customer-centric solutions and product innovation has impressed me for years," says Kamerman. In this way, only capable traders are promoted to professional status. Overall, FTMO’s reputation, our own experience using their services, customer reviews and the long history of successful operations indicate that FTMO is no scam and is a legit and safe prop trading company. FTMO is in Prague, Czech in europe. Users appreciate Jan 10, 2024 · Learn why FTMO, a leading prop firm, stopped offering challenges to US traders and which countries are banned. In case you're wondering, I'm a purely technical trader who trades smc/supply and demand. and cats aren’t allowed to take an FTMO challenge so im pretty safe. One big difference is that ACG has a lower 8% Phase 1 goal for its prop business challenges, Sep 29, 2021 · FTMO is a prop trading firm offering excellent tools and competitive account conditions. Jan 24, 2022 · 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. Nov 15, 2023 · Welcome to FXGears. Jul 20, 2023 · and the balance account on ftmo max daily loss is 210. Soft breach is when you momentarily dip below the allowed loss limit, but don't worry, it's not game over!. Good morning guys, so anyway The Funded Trader is one of the most reputable prop firms with really good promotions. Even on Gold I notice there spreads can get a little high. If they fail, you are still out FTMO's challenge fee. Eh let's not exaggerate, there might have been underground and unheard 2 days ago · FTMO isn’t regulated as it’s not a broker. In the beginning i was worried that when my payouts got larger, they would start Apr 28, 2024 · Proving Trading Skills: During the FTMO Challenge, traders need to demonstrate their ability to adhere to trading objectives. Hey r/forex, so wanted to share one of my challenges here I just recently did between April and May. all these “prop firms” are just copies of ftmo, they start it, never had a bit of any problem, everything on place and longest living in market, also why they more expensive than any other, cause its certainty and u paying for that Rest of them living from your fees for challenges Jun 10, 2022 · I've seen a lot of FTMO Youtube videos interviewing some of their profitable traders who are making anywhere from maybe 5k - 50k profit split in a month. . Sep 1, 2023 · We just discussed it. FTMO is arguably the most popular proprietary trading firm in the world. com's Reddit Forex Trading I am less than 1% away from passing FTMO phase 1 challenge. Let's say you've been trading with FTMO for a year. FTMO Forex Trading Community was created with the following intentions: - To help new and Mar 16, 2022 · If you are taking the FTMO challenge, this may be your place. A paid provider of real-time stock data is recommended, period. Funded traders can begin trading with up to $400,000 with FTMO if by far the worlds best trading platform for people who would like to get funded. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading By using a third-party EA, you potentially run a risk of being denied the FTMO Account if you exceed the maximum capital allocation rule. Jan 14, 2021 · Welcome to FXGears. ). They are more interested in seeing how they can exploit their opaque rules with its many grey areas and will not say anything until its time for you to get paid out, THEN they want to tell you your account isnt Nov 6, 2021 · Hello OP, im on my way to becoming funded as well. So the kind of traders they don't want to copy are those that engage in high-risk activities, or for some reason can't be easily & consistently copied. Oct 27, 2021 · Welcome to FXGears. This FTMO review guides you through the FTMO Challenge, including the signup process, member dashboard and trading platforms. 6 days ago · 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, Since FTMO is now gone and that’s what I was planning to use, Sep 10, 2022 · Forex trading in India is regulated by the capital markets regulator SEBI which makes sure that firms follow the Foreign Exchange Management Act, 1999. While FTMO's expansion plans are promising, some questions remain unanswered. Several factors influenced this decision, not least Mar 20, 2023 · FTMO makes you manage your money and trade in a sensible and professional way. The real reason, I suspect, is they weren’t willing to let go of their in house brokerage, which lets them manipulate such things as spread and slippage. With more than 10,000 traders worldwide, they have the great profit splits, an unblemished Additionally, you need close any open positions on the pair it'll effect . com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Apr 20, 2021 · You have mentioned you're profitable on your own and with a large sample size, so congratulations. These platforms provide access to live market data, enabling traders to practice their strategies, test new methods, or familiarize themselves with trading tools and platforms in a risk-free setting. I'm currently doing my first FTMO challenge so not been funded yet. Jun 8, 2023 · 22 votes, 24 comments. FTMO IS JUST A SCAMMER. 75 USD. IMO, MFF only beats FTMO with better evaluation requirements. With features like an FTMO Challenge, Performance Coaches or Premium Programme, it’s designed for traders aiming to sharpen their skills. Let me rephrase the question since you're so triggered, then maybe you can answer the question. Looking at the top 3 on their monthly leaderboards, this person Kasper was at like 90k by June 3, and $270k June 9. None of these people read past the title lol. I've done challenges on both and I personally prefer FTMO. ftmo is the only one real here. Customer service is also absolutely amazing if you don’t understand certain rules reach out they get Apr 3, 2024 · The rules are better than FTMO. 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. 8 Welcome to FXGears. Then using the profits to go for 400-600k MFF + whatever other ones you scan scrap together and have a copy-trader system setup to mimic Feb 25, 2021 · I don’t think the point is to consistently make 10% but rather to prove that you have the ability to take advantage of market conditions when the timing is right. May 24, 2022 · It applies to the balance. even if it's just a simulation. The FTMO Reddit reviews are also generally positive. Jul 29, 2021 · 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. I get my payouts every time and have never had a problem. Mar 7, 2022 · FTMO operates solely as a proprietary trading firm. Old is Gold. They discuss the challenges, fees, payouts, drawdowns, and strategies of trading with FTMO FTMO is a reputable choice for experienced traders looking to trade with a prop firm. “The CFTC’s case against the ‘My Forex Funds’ defendants is emblematic of our commitment to stamping out retail fraud in our markets,” said Director of Enforcement Ian McGinley. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; FTMO would allow you 10 trades of %1 losses in a row before failing the challenge. Success in the scaling plan also gives you more confidence and experience working within the trading parameters. I think I read somewhere that FTMO paid out 25 million last year to traders. So, it can operate without being regulated by governments. It Sep 19, 2023 · Hey u/Smooth_Fly6155! 😎🚀 . They’re worried the daily drawdown limit generated by the account balance will be negatively effected by drawdown of an open trade that’s in profit. " And here I'm the author and only user of my bot. Find out what is allowed, what is 3 days ago · Learn about FTMO, a company that offers trading accounts and challenges for traders. By offering their services to US residents and not using a 3rd party brokerage, they put themselves at risk of being targeted by the US Government, and if the US goes after them, it will open a can of worms just like it did in the Dec 1, 2023 · I tested my EA using FTMO data, if I were to sign up for a challenge, assuming if I can time travel back to the time when this EA was tested, will the results be the same? (I am not asking if this EA will be profitable in the future, just wanted to know how it Dec 9, 2024 · Here’s the thing: FTMO is not regulated. after 7 minutes i received this lovely message May 16, 2023 · Welcome to FXGears. the best prop firm is still the same: FTMO i received my payout with quick international transfer within 3 hours to my bank account. (I’ve found this is about 50/50) I ended up almost hitting my max daily loss and closed everything out. Our founders and team read every post, so please be respectful and let's have constructive conversations. And I imagine they don't want to copy trades that are themselves copying 4 days ago · FTMO is one of the fastest growing proprietary trading firms with funded trading accounts. Margin Requirement: For XAU/USD, the margin requirement is 3. However, traders I know have all said how good FTMO are. Sep 27, 2024 · FTMO stands out as a Modern Prop Trading firm with a strong focus on trader development. Sep 4, 2021 · Welcome to FXGears. Aug 7, 2021 · Hey guys, Currently I'm doing the FTMO challenge and I got to the profit target. FTMO is easily one of the most reputable prop firms Jun 23, 2023 · From FTMO's FAQ section under Who can join FTMO, it now includes the following: . Go touch some grass, soak up some sun, maybe touch some boobies then come back and try to trade when all that has been done. The entire retail market across all currencies doesn’t even account for 10% of total forex transactions, so their ability to move price on any single pair/cross is virtually zero. I understand that even as a trader for them you still have a demo account and they use their best judgment to copy specific trades that they like from you. Find out how to trade with FTMO and other prop firms in a regulated and transparent way. Apr 10, 2022 · Users share their opinions and experiences about FTMO, a forex trading prop firm that offers funding and challenges. Is FTMO Regulated？ FTMO is not a broker, and because of this, its unregulated. Calculating the Margin Call. This might raise some eyebrows, but it’s important to remember that the lack of regulation doesn’t necessarily equate to a lack of legitimacy. Nov 22, 2024 · The FTMO Reddit reviews are also generally positive. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. The concept of "our traders only trade in a simulated area" is for the regulators tight criterias. Overall, FTMO’s reputation, our own experience using their services, Jun 26, 2023 · Welcome to FXGears. are very strict. May 11, 2022 · I literally pulled example numbers out of my ass. Is it if FTMO got spooked out of the United States others are bound to follow unless they reach some crazy compliances to be regulated by the US Reply reply More replies More replies Jun 10, 2022 · Welcome to FXGears. May 3, 2024 · Find out the truth about FTMO Broker and the indisputable facts. Skip to main content. Eh let's not exaggerate, there might have been underground and unheard cases in which some kind of manipulation has occurred. I have downloaded the cTrader from the FTMO website and I tried to login with Feb 20, 2024 · Overview. Mar 13, 2023 · I’ve never had an issue with this because I trade by myself. No specific qualifications are required. It looks like a good option to the well-known FTMO. See our review for a breakdown of capital thresholds and fees. 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. Mff is way better its cheaper, better execution, less slippage, and the customer service is good. if it's too good to be true it generally is. Oct 2, 2023 · "my first FTMO challenge is going well so far, any advice or questions are welcome. 4 days ago · FTMO is one of the fastest growing proprietary trading firms with funded trading accounts. If you have a paid subscription and experience a problem, please open a support ticket using the buttons at the top of the page or below this Nov 9, 2024 · What are the rules for FTMO’s Evaluation? FTMO’s Evaluation rules refer to the set of trading objectives traders must follow during the FTMO Challenge and Verification phases to prove they can manage risk and trade profitably. Mar 20, 2023 · FTMO makes you manage your money and trade in a sensible and professional way. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, With FTMO, to get your 70% profit share, you have to invoice them, which I would do from my LLC (once I create it). Aug 6, 2022 · Just wondering if it is possible to use ftmo cTrader account and invest/connect it to one of the cTrader's copy strategies. After having the funded account you don’t have any monthly profit target. But like any challenge its still a gample on your part since a 3 days ago · You can trade your FTMO Challenge, Verification, and FTMO Account on some of the most popular retail platforms – MetaTrader 4, MetaTrader 5, DXtrade, or cTrader. It isn’t. Whether you Apr 19, 2022 · The spreads with FTMO are insanely small and no regulated US brokers come close to them. Under common law, if there is no written law by act of Parliament or congress, financial regulators in the US and Canada can ask the judge to clarify the legality of the subject. You don't need need any more leverage to do this either if you are using proper risk as forex brokers allow you to lever up to 1:500 or even more Dec 1, 2021 · I would go with FTMO just based on competency and client relations. 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. Oct 10, 2022 · It appears this thread is about Prop Firms and Scouting Programs. and the time i screenshot FRIDAY 21. Now, I get that someone can be successful but all those people? I mean there are a lot, a lot of people, there are even courses on how to pass the challenge and a lot of testimonials with the certificate of the funded account. Find out more about this broker's top features, pricing, pros and cons and regulatory information. The5%ers on the other hand trail the floating profit so if the +6% open trade goes to +1% the account is lost, which doesn’t let you set and forget big swing trades, a huge bs/scam May 21, 2023 · Hey guys - I’m in the US and having trouble finding a solid regulated broker. 1 day ago · Ftmo is everything that they say they are. Jan 12, 2024 · Welcome to FXGears. What Broker Does FTMO Use？ In 2021, FTMO removed all third-party brokers from the platform and began providing its own trading solution. Now if you come to me and say you're a private day trader, I'd definitely be much more reserved. 10% of 1000 = 100 10% of 10000 = 1000 70/30 = 700 and 50/50 = 500 10 of 100000= 10,000 70/30 = 7000 and 50/50 = 5000 Sep 15, 2020 · The impact on price that any retail broker can wield in forex is unimaginably insignificant. 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! But FTMO takes away the account at a 10% drawdown. I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. I am a bot, and this action was performed automatically. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. Their team is very helpful, understanding, and even shows leniency when unexpected in certain cases. 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. Apr 24, 2022 · Welcome to FXGears. 1 day ago · FTMO developed a unique Evaluation Process for traders, consisting of an FTMO Challenge and a Verification, specifically tailored to discover trading talents. Mar 19, 2023 · Welcome to FXGears. Would anyone recommend using a Aug 18, 2023 · Furthermore, FTMO offers flexibility in terms of trading style, placing no restrictions on instruments or position sizes . However, continuing to give FTMO 10% of my profits and more importantly the data they collect over time with all my trades is FTMO is neither regulated nor licensed. Mar 20, 2023 · Just curious how it works. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Mar 28, 2022 · M1 lets you earn, invest, spend, and borrow all on one financial platform. Find out the rules, requirements, benefits and fees for joining FTMO and becoming a Mar 19, 2022 · Users share their opinions and experiences on whether FTMO is worth it or not. Mar 16, 2024 · This is a community for requesting new features, helping others, and asking questions about TradingView. Traders have shared their decent experiences with the prop trading firm. 5-1. As regulatory circumstances change, it is possible that FTMO may review and reconsider their decision. Considering what happened to My Forex Funds , one of FTMO’s former rivals, it is probably a good thing that FTMO is based in For US-based traders looking to leverage proprietary trading firms’ capital, the unwelcome news of FTMO banning US clients struck a chord. I recently bought a 50k challenge with 125% refunds as well as receiving 15% of phase 1+2 profits, so yeah if you guys want to trade with a prop firm, The Funded Trader is perfect for you. It Jan 12, 2024 · Welcome to FXGears. FTMO isnt a scam. It is not into a brokerage business. There never was a follow up info. 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 Jun 10, 2022 · Welcome to FXGears. mff is less strict and easier but on discord their support just seems to be shit. BAFIN and co. Key Takeaways: FTMO is a Feb 20, 2024 · Is FTMO regulated? No, FTMO is not regulated by any US regulatory bodies. These rules include a Daily Loss Limit, meaning you can’t lose more than 5% of the account balance in a day, and a Maximum Drawdown of 10%. Essentially, it allows you to trade Forex,metals,indicies, crypto etc. Then using the profits to go for 400-600k MFF + whatever other ones you scan scrap together and have a copy-trader system setup to mimic Sep 4, 2023 · None of the brokers that work with prop firms is US regulated but they're still accepting US citizens (Dunno how many in this group) I don't know how does it work between prop firm companies and their deal with brokers to find some loophole since the US citizens work for the USA registered company and not directly with the broker. MFF was/ is regulated by canadian law and thats their main issue. FTMO is neither regulated nor licensed. Fraudsters do not choose countries where the financial market is heavily regulated. For more information about FTMO’s office locations and contact information, please visit the FTMO website. Sep 1, 2023 · I think you are right. FTMO vs Smart Prop Trader review. This is why Topstep users have been crying about Tradovate, lately Tradovate has freezing issues on demo accounts and funny enough on prop firms also, but they have no 2 days ago · FTMO isn’t regulated as it’s not a broker. Terrible! I had an account long ago with MFF, the spreads got up to 4/5 pips & keep in mind these are spreads in normal times, Apr 16, 2023 · Slippage. FTMO companies do not act as a broker and do not accept any deposits. FTMO would need to navigate complex Dec 12, 2024 · Learn about the trading rules and restrictions for FTMO, a fund manager program that allows you to trade various instruments and strategies. Tradeable assets include Forex, cryptos, commodities, indices and stocks. Why? Because it doesn’t operate as a broker. FTMO does not. FTMO does not take US clients because of severe economic restrictions in the United States. Uncertainties Remain. Apr 6, 2022 · Hi, I'm currently mainly trading these two but I am looking to get funded and I was wondering if FTMO is a good platform Sharing information reddit style for one of the most old-fashioned ways to invest in an asset class that was once limited to the rich. In my FTMO review, we discuss FTMO’s May 21, 2023 · Hey guys - I’m in the US and having trouble finding a solid regulated broker. You essentially pay a deposit fee to take part in theor trial process and then if you pass Mar 15, 2023 · The charts in TradingView and on the FTMO MT5 platform may have slight differences in terms of price levels and candlestick patterns. A detailed overview and comparison of popular forex prop firms can be found here. Expand user menu Open settings menu. Jul 29, 2021 · This is why you tend to see "I passed the FTMO challenge (secret : after their 8th attempt)" posts and zero "3rd month in a row extracting an income from FTMO" posts. The main reason is rules and laws. FTMO has a dashboard that lists the times that the news will be released. If someone can prove they have sufficient funds in their bank and/or investment accounts, that will work for me. It’s surprising how fast the account can grow, and moving from a 20% to a 10% “profit share” is significant. Sounds like you're a shit trader with bad mental. Edit 2: Perhaps this will clarify what I mean. The general trading rules will be on the website of the prop firm, it'll tell you whats allowed vs what isn't allowed etc. Jul 20, 2023 · View community ranking In the Top 1% of largest communities on Reddit. I submit that his example is correct. Firstly, I found my sweet spot by sticking to one pair, XAUUSD. Mar 11, 2023 · As a Realtor and Property Manager - especially in the high retiree area I live in, it's not all about income. To understand at what point FTMO will margin call your account, let’s go through the example you provided: Your Trade Example: Oct 25, 2022 · I’m planning to get a funded account soon but I’m not sure what prop firm to go with. Dec 1, 2023 · I tested my EA using FTMO data, if I were to sign up for a challenge, assuming if I can time travel back to the time when this EA was tested, will the results be the same? (I am not asking if this EA will be profitable in the future, just wanted to know how it Nov 9, 2024 · What are the rules for FTMO’s Evaluation? FTMO’s Evaluation rules refer to the set of trading objectives traders must follow during the FTMO Challenge and Verification phases to prove they can manage risk and trade profitably. Jan 26, 2023 · FTMO does not count positive floating for the next day 5% reset. A lot of the recommended/good regulated brokers I’m referred to don’t allow US citizens to register. Whereas the market orders on ftmo Oct 16, 2020 · 5ers allows you to trade news. Just because several ppl bragging it here, does not mean it is so many. 5ers gives you 6 months to reach a 6% profit target in order to get the account, and you're eligible for an extra two months if you Mar 16, 2024 · This is a community for requesting new features, helping others, and asking questions about TradingView. If i wasnt already stuck with them, i would not want to do any business with them. Effective 04 May 2023, due to our business decision based on operational Sep 26, 2024 · Learn how FTMO compares to other brokers. r/fxtrade_nz: Forex trading subreddit - New Zealand. Mar 2, 2021 · Welcome to FXGears. Since having $100K is more than the average retail trader's account, I could afford more wiggle room than I was used to. Mar 12, 2024 · The FTMO office in New York serves as the regional hub for traders in the United States. Edit: Reddit moment. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. The problem is it adds up tons of taxes on your final gains (30% tax, 20% Urssaf as "Prestation de May 26, 2021 · Welcome to FXGears. The platform offers access to various assets, including forex, stocks, and cryptocurrencies, making it suitable for investors Sep 5, 2023 · MFF was shut down by US and Canadian regulators, FTMO is based in Czech Republic, those regulators have no jurisdiction there. The country’s Oct 21, 2024 · Any new trader looking for a reliable proprietary trading firm in the industry can consider FTMO because it is a great option. " comments sorted by Best Top New Controversial Q&A Add a Comment Jan 31, 2021 · Welcome to FXGears. I hope that you could answe this question I have. Members Online. Ive seen more bs with ftmo than a cow farm. & Generally speaking most prop firms have a discord channel and u can definitely ask questions in Sep 3, 2023 · 5. Jun 21, 2022 · 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. Aug 29, 2022 · Welcome to FXGears. your trades should be your own Google and some other social media companies are a big part of the problem. Dude was managing a million dollar account with them and went on to trade for some firm out in Dubai. Reply reply Nov 24, 2023 · 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. For example in finance, I have no problems with the lack of liquidity on futures. might be biased but I agree with FTMO on this one. The truth is prop firms like FTMO have a balancing act to perform. We’ve explored our trading strategies on FTMO, Sep 11, 2023 · Lastly, the Profit Split is another attractive feature. Prop Firms Hey everyone, i started frmo about a month ago, Welcome to FXGears. Risk of regulated or non regulated broker Value of leverage Profitability of profit split If the assessment works for you then go for it , if not then dont. Ive only had one bad fill with mff and it was my fault from trying to get 30 lots filled on sp500 right before cpi release a couple months ago. 1%-3% max but I think 0. 33%. Maybe after with some years of experience I'd increase my risk. Some people like to go with more trusted options. No, FTMO is not regulated. Sep 22, 2023 · Hey fellow traders! I wanted to share a few game-changing tips that helped me conquer the FTMO challenge. Our founders and team read every post, so please be respectful Jul 23, 2023 · these prop firms are legit! Sure they make mistakes but once they realise they usually always fix it. All clients must be over the age of 18. 50 USD balance max daily loss according to the first picture. Not here to brag, so hope it doesn't come off that way. You're far better just buying two 200ks, merging for 400k. For example, if FTMO operates in a jurisdiction where financial 6 days ago · 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 Nov 3, 2021 · Users share their opinions and experiences on FTMO, a prop trading firm that offers funded accounts and CFDs to traders. Sep 22, 2021 · Guys you have unlimited free tries while during the challenge to pass it if you don’t break the rules but don’t achieve the profit target 10%. Will FTMO reconsider its decision to ban US clients in the future? A5. Reply reply That's good to hear, thank you. Which would you choose? Hey everyone, I'm a new creator in the space, aiming to document my personal journey while also providing useful and factual content relating to various firms. Editor’s Verdict. Just wanted to drop some of my experience in case it helps some of you newer traders out there. Jun 7, 2022 · Hi! I am researching prop firms and I want to know what broker FTMO uses & what is the slippage for crypto trading. Being a CFD prop firm, FTMO is not regulated, but it is legit. Q5. Tip 1 - On your phone or computer you Mar 15, 2024 · But what about FTMO? Is FTMO regulated? Let’s delve into the regulatory status, licensing information, and compliance requirements of FTMO to determine the truth behind 1 day ago · Ftmo is everything that they say they are. FTMO is a Forex prop firm headquartered in the Czech Republic. They're making huge money that is indirectly being funded by these frauds. com, a trading forum run by professional traders. 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! Oct 31, 2022 · M1 lets you earn, invest, spend, and borrow all on one financial platform. But by googling keywords like "reddit amp futures vs ibkr" and so on, occasionally I stumbled upon redditors complaining about it, and in a very harsh way - not regarding minor issues like customer support response time, but calling them "cons", "thieves" and so on. However, the differences between the two FTMO challenge's fees might seem steep at first glance, especially for prop trader hopefuls eyeing the larger account sizes. Despite it's CFD, you don't have the issues of future prop firms like contracts Mar 3, 2024 · Savings are hard to come by because FTMO doesn't give them out very often. So with that information, while you’re trading with their prop, do you only make 90% on the trades they decide to execute or is it all trades you make on your account? Sep 1, 2023 · Futures props still place you on SIM/demo(simulated account) it s just harder to notice because there is the visible live orderbook but your orders still dont go though a live market. You can bounce back and continue trading. May 31, 2021 · I think the amount of ppl passing the ftmo challenge and ppl who success in the markets are still on low side. This is the norm for prop trading firms. Does FTMO Accept Feb 17, 2024 · FTMO, the gold standard for retail prop firms, had announced that they would no longer begin to accept US customers. That being said, I was incredibly surprised when I heard this story because the5ers (alongside with FTMO, MFF, FT+) is one of May 3, 2024 · I am going to answer the last part of your question first. This unofficial subreddit is a good place to ask questions about the app, discuss developments, and share ideas with others. Some claim FTMO is a scam, others defend it as a Mar 15, 2024 · But what about FTMO? Is FTMO regulated? Let’s delve into the regulatory status, licensing information, and compliance requirements of FTMO to determine the truth behind this crucial question. 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! Oct 8, 2020 · No he's right. FTMO’s model is very innovative though once having Welcome to FXGears. I also kept the two-fold mentality of "This is NOT your money" and "I am my family's hedge fund manager" and tried to act accordingly. Sep 5, 2023 · MFF was shut down by US and Canadian regulators, FTMO is based in Czech Republic, those regulators have no jurisdiction there. This deep dive allowed me to truly understand its movements, giving me more freedom to focus on my main career in penetration testing. Thanks for reading this FTMO review. FTMO makes the majority of their revenue from bad traders who are stupid enough to fall into the above loop which is a large amount of them. This is because free data comes with many limitations such as gaps and delays. We examine the reliability of FTMO Broker in this FTMO review, offering insightful analysis and essential data to support your decision-making about investments. aqoy arvpvkq tvmlla aebo esxr ecxxkweq bnb ohzh krqifd vtdwbh
Is ftmo regulated reddit. Uncertainties Remain.
