Is ftmo legit reddit FTMO is demo account and just a trading tournament with a winning edge for the company. 5 months per scale up. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. You will never have worry about a "MyForexFunds" moment w/ FTMO. Is it all legit? I want to give it a shot… FTMO is legit but definitely avoid non reputable too good to be true prop firms and look at the broker they use too…that doesn’t mean I haven’t ‘wasted’ literally thousands upon thousands on challenges with ftmo. Once funded you trade and make profit on an account and have $0 risk. Let me know what you think… Yes The Funded Trader is better than Ftmo. After all, there are many scams and frauds in the trading industry that promise unrealistic returns or charge hidden fees. Don't over trade. People bitch about higher cost and FTMO being 'plain jane' without all the bells and whistles, but that's what makes them great. 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. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. If you go down this road, be extremely disciplined. 9 out of 5 stars. FTMO isnt a scam. I once gave a 1-star rating because I misunderstood something and Ftmo explained it to me straight away and gave me a detailed answer about my problem. They have a discord server that connect us together, they release giveaway so frequently ,Best drawdown-profit ratios, Multiple types of challenges for different trader styles, direct contact with the CEO and staff Legit payouts, $10mil+ already Ftmo is a scam Passing the challenge is easy with a bit of luck but 99% of those who pass the challenge can’t manage to keep the account for more than a month since they would break the rules because they simply don’t know how to trade. This simply shows that ftmo cares about its customers, so that customers ultimately feel comfortable and satisfied. especially if they give you 100k to control, it would be enough to make 20% a year for me, because i 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. The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. FTMO has a dashboard that lists the times that the news will be released. We are very much complying with the laws and regulations, we always abide by the T&Cs which are legally binding and we have always paid the profits to our funded traders. 10%/month like FTMO is not realistic imo. No "gotcha" moments or stupid fine print rules. . Mar 19, 2022 · It basically means that if you manage to pass, you get funded and it costs you nothing. Proprietary trading firms utilize simulated markets to train or evaluate traders. The real question is do YOU have a consistent and profitable method? That is the real question. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. I used FTMO in the past and they are legit, I was able to withdraw and everything but I had to change my strategy and it doesn't work with FTMO's parameters. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. Got to give it to FTMO. Their scaling plan of 10%/4 months is more realistic. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. FTMO or any Forex funded account for that matter, is not worth your time and doesn’t make you any money in long-term. Apr 8, 2024 · Customer reviews on platforms like Trustpilot showcase FTMO’s credibility, with an average rating of 4. Can't go wrong with FTMO. FTMO is legit, and I assume they have a lot of very successful traders. It basically means that if you manage to pass, you get funded and it costs you nothing. Apr 28, 2024 · You might be wondering if FTMO is legit or not. Secondly, is the suspicion of our reviews be a relevant reason to flag us as a scam? Scam can be someone who operates fraudulently or engages in dishonest practices. Is FTMO legit? Questions I’ve been consistently profitable for some time now but the lack of capital is holding me back, I’m thinking about going for the ftmo challenge but hesitant after hearing about prop firm scams Are there any issues you guys have faced with them? I keep thinking I need to try some prop firm trading or funded trading and have came across Funded trading Plus, I really like the "Master Trader Program", basically once your initial deposit is gone your out, I really like that concept and really want to give it a try but am a little sketched out if the company is legit or not or isn't going to do something to scam me out of my money (I had Took me an average of 1. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. FTMO has received lots of positive reviews that praise FTMO for their professionalism, transparency, customer service, and payout process. So now I have my eyes on the high stakes program with 5%ers Wondering if anyone here has experience trading with & withdrawing funds (70% of profits on real 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 understand the business model but I’m wondering if there’s anybody on here that’s funded 50-100k and has received payouts? I've been looking into ftmo I have seen people take the challenge , but I have yet to see anyone post about taking profit. well with my smaller acc i make around 3% every week, and please dont say i will be waren buffet in 5 years, but thats around average what i come up with every friday, i was thinking about starting a 30 day challenge anyway here on reddit, but yeah this ftmo seems like a no brainer deal then. 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. In the other note I believe in every single one y’all who are trying to make a change. I’ve hopefully learnt something from all the pain however. Ive been with them for 2 years. You have to be profitable to be able to make money on their You initially pay for a challenge account. Commissions/spreads are low and competitive. Mar 4, 2024 · Is FTMO a scam or safe? The FTMO system is safe and works if you apply proper risk management consistently over time, but it is not real money, only leveraged. Sorry OP but that's a dumb question. Nov 3, 2021 · FTMO is demo account and just a trading tournament with a winning edge for the company. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. I think the only two I would dare touch would be FTMO and 5%ers. FTMO is legit and has been around for a while. No issues. I think it's worth it. A total of $29,000,000 has been paid out to traders on the platform. I get my payouts every time and have never had a problem. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. Additionally, you need close any open positions on the pair it'll effect . I should add I have also passed a few times too with them. Trust the process and don’t give up. 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 Always payout, every time. So this how the first FTMO payout went. Apr 10, 2022 · FTMO is legit and has been around for a while. Success with FTMO requires dedication, discipline, and a well-tested trading strategy, as it is not a get-rich-quick scheme. That being said, it's not easy to pass, and if you fail you lose the fee. xmwkjvoj rwtswlc xwtu gvfh gidmmg xmpeflpf qmyrb ugkuyz gphsc smzwe