Ftmo funded account reddit. They may get hundreds of people joining all for the chance to get this 1 account. They make money because most people can't pass and lose the fee to them. OP also has a 25 lot size trade. 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%). I recently broke these rules and they withdrew more than i had made off the trades no idea how they worked it out. So if I make $3k in one day, I'll have to make another $7k to be able to withdraw the initial Hi, funded trader here with FTMO. Has anyone else had this issue where they can’t purchase an FTMO funded account through M&T? What is a funded account? You pay the company a fee for a account (let's say you want a 10k account which have ~100$ fee). You can lose 10% on FTMO with 10% target, so you have to double your account. Im fucked, overleveraged all my small accounts these past couple weeks trying to short SPY and doing bad. Some love it and say you can make a lot of money with it. The have a $500,000 challenge account you can win if you purchase a $100,000 or higher challenge account. Took me several challenges to pass but all worth it. 400$ 3. You have to be profitable to be able to make money on their Bro most people with funded accounts trade 1% MAXIMUM. If you go down to 0. They pretty much went all in on a single trade on a funded account and made a killing. After you make that, they give you the For the FTMO Challenge and Verification, there is no limit on the number of trading accounts that traders can have but it should be noted that the firm has a maximum capital that can be allocated to the tune of $400,000 (this for Normal risk setup before scaling) for each trader or strategy, at any specific time (or $200,000 if the trader Why FTMO funded account trial is a dangerous trap for you. Once i blow this one i will go to myforexfunds. FTMO has 5 stars! Check out what 13,475 people have written so far, and share your own experience. By using the prop firm account, You are using a hedge on your portfolio at the cost of the entry to the prop firm + a profit percentage, as well as buying the leverage of the larger account size. once you're a full FTMO Trader, you can even go on an entire month without trading at all if unforeseen I'm risking only 0. But once you have the funded account, there's no reason to take any risk that will blow your account. Lowering your risk may help your emotional since 10 trades may not be enough for a drawdown period. Max loss is your account size minus the lowest equity your account has seen. Third, FTMO allows user to have a maximum of 400k, which is 2 200k accounts (can be scaled up to 2 x 2M). You never know when you will breach any of the rules or when they changed any of their rules. 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. No stress trading on live account as we don't have time limit. Trade it like that is your account size. 5% …. Risk that can be withdrawed is worth considerably more than if you were to risk the prop firms money. I’ve been thinking about doing it but I’ve seen some mixed reviews. For the $100000 account, use the $10000 drawdown amount because once you lose that you are out. You got to make 9% just to start getting paid out again, at 0. com The immediate effect of this ban is apparent – US traders can no longer participate in FTMO’s evaluation process or manage FTMO-funded accounts. After that, I failed my first 3 challenges before I was able to finally pass one. For swing traders, it's a great improvement too once they actually get the funded account. FTMO is demo account and just a trading tournament with a winning edge for the company. correct me if I am wrong You get 100K account for $4500 with leverage of 1:30. Did you guys ever get a pay-out from FTMO? The math is quite easy. 5% per trade on live account. Which ever hits first you get booted and lose your funding and would have to start the process all over again. Just as a case and point, this past month I flipped a $370 account to $1000. e. I personally won't go there because of it rules (In my opinion ftmo forces traders to fail) and that 80% profit split make trader wanna try, but that split is not important at all. I think so, but not all of them, people say why wouldn't they do it themselves, lest they forget max amount you can have is 400k on ftmo for example, so if he can consistently make profit on his/her own, they can do it on other accounts, and if they manage it after the challenge, take a % of what they make on the account, if they lose the challenge, they may only refund the service fee or Just an update for those still following my journey. On my FTMO account under credentials with the login ID and password it also says platform DXtrade. Flexible Capital Options: You can choose from different account sizes that align with your risk tolerance and goals, ranging from $10,000 to $200,000. In both the challenge stage, verification stage and funded stage you have a $10K daily loss limit and a $20k total loss limit so the only amount they are "funding" is the loss limit. In fact I will guarantee you they do not have physically have $100k sitting in an account for each of their funded traders. People say some weird things across the interwebs. On a 25K account you max daily is like $1,200 and total max is $2,500. When considering your risk you need to use the maximum drawdown amount, not the total account size. FTMO is the most trusted, if theres anyone you should watch out for with payments would be funding talent Reply reply Top 1% Rank by size Also, FTMO have said 92% of traders fail the challenge. See full list on livingfromtrading. I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. This way you rotate between accounts and increase the chance of consistently getting paid. However when my account increases to say 300,000 I can then not trade 1% as I could only lose 3 trades. In addition to the 3 instant fundings accounts, you are also allowed to have 3 of their bootcamp accounts (80% split at max 4M), 1 free style account (100% split from day 1). For example FTMO which is a very known prop firm with great reputation. If the FTMO Account Agreement is successfully signed, you are given the right to use your FTMO Account in a simulated demo environment with fictitious funds. . On my funded accounts, I'll have to have 10 trading days with actual trades between each payout. This rule is in place to ensure that an ample audience can freely discuss life in the Netherlands under a widely-spoken common tongue. 1600$ 5. Plus the scaling aspect, even a $10k ftmo account can eventually scale to $2M account. I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. FTMO normal account is trash. And no single day's profits can account for more than 30% of the total payout. A $10000 account where you are able to lose $1000 and it costs you only $155 with the current rate to buy a challenge. The odd of winning this 1 account isn’t good enough for me to fall for it. Im honestly scared to trade but know I have to. If for some absurd reason your account is 700,000 you could blow the account in a 1% trade loss. Hey everyone, Say if i’m a funded FTMO trader & have a $100k account, if i end the month in drawdown eg $98k does my account get reset the next month back to $100k or does the new month account stay at $98k? Edit1 : To clarify, set off a positive balance on ftmo funded account for another challenge instead of withdrawal Edit 2: Spoke to support and they informed during payout we can take that option to get another challenge. This fact as well as the fact that the max loss on a funded account is actually only 10% means that FTMO actually have very little if any risk per funded trader because the failed challenges have paid for these accounts. This can significantly alter their trading strategies, as many rely on such platforms for lower capital requirements and the potential for higher profits. Posted by u/[Deleted Account] - 2 votes and 12 comments FTMO or any Forex funded account for that matter, is not worth your time and doesn't make you any money in long-term. How? Look at what FTMO is doing right now. The funds are pooled together and they merely display your total funds available to trade as such. 1% of 400,000 is still 4,000 dollars. In FTMO, the maximum daily drawdown limit allowed on a $100K account is 5% which is $5,000. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. This is my 3rd time with FTMO. 5ers allows 3 instant funding accounts (can be scaled up to 3 x 4M). I called my bank and they said it was getting declined due to fraud in which they claimed the website of the company or whatever site I was trying to pay through didn’t have a location and instead only had a phone number. I passed a 200K challenge in 2022, unfortunately lost the funded account, main reason was overtrading to try to get a pay out. Its going to suck if it doesnt work out. Sorry OP but that's a dumb question. Its a funded 26k account that ive had for 6 months. Now we can trade through high impact news and hold runners over the weekend if we want. Pay yourself first as it's not your money. Others say, with their drawdowns, say $2500 for $50k account, you basically have $2500 to trade and it’s better to save up for it. FTMO or any Forex funded account for that matter, is not worth your time and doesn’t make you any money in long-term. So please read their rules before you stick your nose up some company's ass. This way you get a better grasp of your strategy and you understand FTMO rules. TFT has the 400k challenge from 1 buy, MFF is the cheapest, Ment Funding has its own rules with up to 2 million in direct challenge funding and only 1 phase to pass the challenge, max drawdown 5%, target 10% and you pass. Another point to note is that trading with own money is always better and profitable in long term. It's a huge improvement for day traders at least. I’m in Canada, after long discussion with my accountant, I found the best way to do a job remotely and get paid from foreign source is to treat this income as export business. so pretty much same amount. Therefore, FTMO isn't really necessary. You got to find a balance between how badly you want to keep the account vs how long you want to grind. Btw here's some proof that I'm actually a FTMO customer. I have downloaded the cTrader from the FTMO website and I tried to login with the login credentials from my FTMO account but it failed. Ftmo is good for scalpers and you need luck because is kinda hard to make 10% in 30 days without luck. Our FTMO Challenge is the first step of our Evaluation Process. If you can manage 30:1 go with the swing account. Good afternoon Traders! I have successfully passed my $100K FTMO challenge. Next time I'll use smaller risk (0,25% per trade) when I get funded. FTMO is legit. Usually you have to make a 8%-10% on phase 1 and after you make that, they give you another account to make 5% profit for phase 2. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. The Swing account is a type of account designed for more conservative traders who hold positions for more extended periods. Also do FTMO swing also have Scaling function just like Standard FTMO account trust me man, if all you have traded is a demo, start with the cheapest funded account first. 2% a week is 32k a month…. 3 for the Normal account type). 10% you'd be allotted 30 losses, safe Try the 10k account and then use those profits to buy the challenge for 100k and 200k accounts. FTMO is legit, and I assume they have a lot of very successful traders. This question was spawned by someone’s comment that if you are in a loss at the end of the month, FTMO will reset your account once but if it happens again you lose it. Swing traders can go through a multi-month drawdown even with a profitable strategy, b You can usually do that on the evaluation accounts, but not funded accounts. myself and a few others usually trade 0. There seem to be quite a few users leaving negative reviews. Currently got funded another account at MFF as the spread is better there for me. 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. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. This way, if you have a consistent strategy, you won’t lose the account. You start with smaller risk obviously, you grow that to 100-200 and increase the risk so youll have more freedom in the open p/l section. Reply reply Welcome to /r/Netherlands! Only English should be used for posts and comments. Thanks! Once one account is up let's say 1-2 percent, I stop trading on it until the withdrawal period. They give you the account with the challange for it. But for the challenge, they're faced with the same problem as before. When people take a $200K challenge--if they pass it and receive a $200K "funded account" it in reality is only a $20K account. The main difference from the Normal account type is the ability to hold positions overnight and over the weekend even after passing the Verification. If your account size is 50000 and you take a trade and then you go into loss of 1000 i. Despite which of those options you pick FTMO will take 30% of your earnings. My concern isn’t taxing as self vs LLC the real concern here is how to account the foreign income for tax purposes. Seeing a lot of videos lately of people passing FTMO challenges on Youtube. Step 1 – FTMO Challenge. Constantly have to jump in and out of trades due to news or the weekend. Showing how Iv passed multiple funded and shown withdrawals and cunts like this openly post "client" in the title and it stays up? Make it make sense. 800$ 4. Take your profits out and fund your next challenge. 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. On a funded account its much different and would not be as risky. Edit: Thanks for the clarification everyone. Almost everyone that tries to pass will fail. Demo is so much different than a live account and prop challenge account. It’s great to go with if you don’t have a lot of capital to trade to make a considerable living. that means 100K x 30 = 3m to trade with. I'm asking because I've heard stories about FTMO refusing to payout because the trader supposedly overleveraged. So lets do simple maths. Planning to use profit from this one to open another at FTMO to diversify funds and scale profits. They are taxed as 60/40, so that blows my mind how anything could be taxed before you actually do your taxes because of income. 3200$ 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 and create FTMO Identity. instead if you buy Personal account with 500 leverage in that same amount then you get $4500 x 500 = 2. anywayofcourse a prop firm is better than your own account for sure because with less money you can gain more Following are the leverages on each asset class: 1:30 for forex pairs (1:100 for the Normal account type), 1:15 for indices (1:50 for the Normal account type), 1:9 for metals (1:30 for the Normal account type) and 1:1 for cryptocurrencies, equity CFDs and for commodities, the leverage in a Swing account is 1:1 (1:3. 2m. It will take you 6 times to lose a challenge to lost the $1000 account had you funded your account with your own money. Guys i see to much bad news on borkers cfd like FTMO, MFF… and others. When i first started, I flipped demo after demo account easily doubling even tripling. You don't get his logic, because you apply the same rules to a private account. You can prove your trading skills first and then invest in your funded account. If you can make 10% on FTMO for 5 months, on your private account you will have: Month 0: 100$ 1: 200$ 2. 25% if you do 1:2RR you'll need 18 wins from 12 "allotted" losses. What's your opinion on this? I want to trade on FTMO - max leverage is 1:3 for my symbols. So 100 points on SPX and 400 on Dax/NQ. If your willing to risk 2% per trade you’ll be blowing funded accounts in no time at all. in short it seems like they cheat by making you lose the money you invested to do some challenges to get an account with them (propfirm). When you are funded, if I make $1K for example, I keep $700 and they take $300. Do your research but so far, my experience with MFF has been great. It’s a feature of ftmo I think they need to address to change it to 5% of the days starting balance! FTMO is legit and has been around for a while. I believe it depends on the instrument you're using (various funded accounts have worked in either pips or points) but yes you're right. Go on YouTube and search the term "My Forex Funds Drawdown Rule" and you will find plenty of people failing their challenge or even violating their funded account in exactly the way I described. So this many people lose their challenge fee. What I personally consider a minimum account needed (with proper risk management) is $50,000. The Funded Trader, My Forex Funds, & Ment Funding. The real question is do YOU have a consistent and profitable method? That is the real question. I passed the $100K challenge and got the funded account. I believe the secret to these prop firms is using a really small % lot size once you get a live account(s). I am glad to know that you WILL NOT lose the account. No Upfront Costs: Unlike many other firms, FTMO doesn't require you to pay for the challenge upfront. They would promise to fund your trading account with any of their chosen brokers (mostly small brokers located in Cyprus), for up to 100 thousand dollars leverage, but only if you first pay them a certain amount of money in advance for a demo. FTMO is a company based in the Czech Republic. What if you get the 10K funded account to 30k and lose 12% of the 30k, do they pull the account from you or is it just 12% of the 10k account that you have to make sure you don’t go under by 12% Any FTMO swing account trader here, does they allow news trading, in the about it says yes, but the clause says no. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. Imagine you have the choice of trading the prop firm account value or a prop firm account with that value (your $100,000 or FTMO’s $100000). your equity is 49000 and then you go into profit and close the trade at profit of 2000 your max loss will be 1000 You then trade with that funded account and every month if you close in the green then you have the option to either withdraw the money or to keep it in your account to give you a larger drawdown buffer. Ive never took 10k account challenges, its always have been 50k-100k for meyou will assume that its because i cant manage risk or whatever bullshit you come up with, but no, i keep my risk in check but bigger account size doesnt fuck you over with the •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 have one main account left and it will prob get scorched by eow. kltpeeoaxmnfrptqjvahtxzhtmzdcolctojatdhrwqpsxkr