Ftmo commission reddit Get the Reddit app Scan this QR code to download the app now. The commission arent really an issue So this how the first FTMO payout went. For those experienced. 04, 160, 240, 40, 80, 40. Comm/fees is almost Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO is double the price and slightly harder but I should be able to pass that as-well just wondering if any of you guys use any or both prop firms and what you would recommend Welcome to FXGears. 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. There's a real mix of opinions out there, some people say FTMO is a great company to trade for as you get to keep a generous portion of the profits and get good leverage, spreads etc. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. I always thought on FTMO but not sure if there are better options out there. ***Due to reddit API changes which have broken our registration system fundamental to our security model, we are unable to accept FTMO & MFF Funded certificates Doing new ones this year follow my journey! u/wannabechampfx ADMIN MOD • The Secret to Passing ANY Funded Challenges using this 3 Step Strategy, sharing the strategy breakdown, the psychology and the thought process when doing a funded challenge. 00 - Leverage Normal 1:3. So you put a deposit / security payment of $230AUD, to start the challenge, but can lose a maximum of $1500AUD Welcome to FXGears. What exactly is "gap trading"? Basically, it sounds like gap trading is trading news and trading 2 Welcome to FXGears. Hi all, long time trader here, just recently passed my $15,000AUD FTMO challenge in 2 days (lol), and was wondering how does FTMO profit from its users if alot of traders fail? To put this in perspective, I'll be speaking AUD. Your broker makes money off of commission and swap fees. Commission splitting is totally ok and trading rules are nearly the same . For indices and other Long story short, I want to aim for a €40,000 challenge next year and wanted to ask you what your experiences are with FTMO and what you can possibly I have accounts with both FTMO and 5er's. majority of people who prefer MFF over FTMO do that for the prices of their challenges and the lower profit target/bigger drawdown, but the ones who know more such as myself know that ftmo is still better, it has better trading conditions and fast payouts and let's not forget that u might think that a 12% drawdown is better than 10% but with FTMO developed a unique Evaluation Process for traders, consisting of an FTMO Challenge and a Verification, specifically tailored to discover trading talents. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Reasons a TP wouldn't get triggered in MT5 on FTMO? comments. Also live account cant buy you a peace of mind since anybody would rather lose their funded account than blow their live account worth of $3. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! We always hear of 5%ers, Ftmo, MFF ect But I haven't seen one post about alpha capital. FTMO is legit and has been around for a while. Thanks for reading this FTMO review. They don’t use EightCap like many do, and systems have always been stable in terms of execution speeds, slippage etc. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. Here is a snapshot of their offerings: Live Spreads and Commissions. Controversial. Welcome to FXGears. My question is, Rn my account is at 110,065, they say it will take 1-2 business days to verify and do all of that, will commission bring me back down below 110,065? The difference between FTMO Account and FTMO Account Swing is that, in the second one, you can trade through news and hold trades over weekends. They have better rules imo and the spreads are crazy tight with 0% commission. Quadrio offices Purkynova 2121/3, 110 00, Prague Czech Republic [email protected] +420 910 920 310 nowadays, "prop firms" tends to mean firms like FTMO, where you are actually trading a demo account and failed challenges are more than enough to cover any win that a tiny percentage of traders will have. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. , whereas other people say FTMO, like 'all prop firms', make money through people paying for, failing, and repeating their challenge, and those who do pass are faced with such strict trading restrictions From the beginning, FTMO's goal has been to help skilful traders solve the problem of undercapitalization. reddit's new API changes kill third party apps that offer accessibility features, mod tools, and other features not found in the first party app. But I am also trying since weeks . MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. Yeah the commission is fr that bad. The System is fair . But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. 8% target with 12% max drawdown, compared to 10-10 with ftmo. All personal preference but if you have some money to put them I’d go for it Reply Reddit . The offered technical solution for the FTMO platforms and data feed is powered by liquidity providers. Thus, during our time on the market we have been able to create more than 138,000 FTMO Accounts for our FTMO Traders. 10%/month like FTMO is not realistic imo. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO official response: Hi there folks, thanks for your comments. FTMO only lets you trade CFDs, which is illegal in the U. Do my statements make sense? If yes, why would anyone not go for a swing account? FTMO only provides services of simulated trading and educational tools for traders. So I've been a funded trader with FTMO, which obviously means I've passed phase 1 and 2 of their challenge. Ready to jump into the world of commission-free stock trading? sell, and trade CS:GO items. You can hold trades on weekend but you must go for the swing account meaning you are losing leverage. 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. Opinion on free commission national bank trading platform It would be preferable to ask FTMO this question directly via their support email rather than internet strangers. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Check out my shared screenshots with FTMO challenge stats for a closer look at the journey to success. The company's mission is to maximize the value and utility of digital assets through our comprehensive product suite including advanced trading solutions, liquidity aggregation, tax-efficient asset-backed credit lines, a high-yield Earn Interest product, as well as the Nexo Platform and Nexo Wallet with their top-tier Welcome to FXGears. Those who are really skilled and experienced can make very good money through FTMO without risking their own capital. If they pass, you pay. 000 for a position, and for Stop Loss I Welcome to FXGears. New. The problem is it adds up tons of taxes on your final gains (30% tax, 20% Urssaf as "Prestation de services, and your usual FTMO commission). comments these restrictions on trading during the restricted news events do not apply to FTMO Challenge or Verification accounts. But the cons thar we can all agree is the slippage are really bad even at non news hours and their CS is terrible E8 : Spread is at par with MFF, 1 day minimum trading days, responsive CS, commission is $5 per lot. My strategy is most of the time held over a long period of time compared to daytrading, sometimes longer than a few weeks. 5k Posted by u/_iron_wolf_1996 - 5 votes and 17 comments Trying to pass one of these prop firm challenges isn't easy. However, continuing to give FTMO 10% of my profits and more importantly the data they collect over time with all my trades is reason enough for me to move on. reReddit: Top posts of March 26, 2021. Q&A. I bought the 10k challenge and plan on working my way up to 100k and just using profits to scale up and pay for the next challenge Step 1 – FTMO Challenge. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Hello, today was my first day as a FTMO trader, and didn’t go as planned. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. Now, my hypotesis are 3: They are really professional traders Welcome to FXGears. Unfortunately, many are not quite right and many are misleading. The one advantage of top trader is you can make withdrawals whenever you want. That’s what their website says. and hold trade for atleast 30mins-1hr about 40-80 pips use a 30 lot which is 30$ a pip Additionally, you need close any open positions on the pair it'll effect . ). What makes their two-week account great is you can get FTMO has better payout in %, better customer service from what I've been told and a better dashboard/client area. FTMO challenges may cost more but their commission rates are far less. FTMO developed a 2-step Evaluation Process to find trading talents. Ftmo has extremely bad slippage. 5-1. Press ctrl+m in MT5 and rightclick on the table. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Does anyone know why the price feeds on trading view are ~$10 higher than that of FTMO’s price feed. I have a high win rate (few . I noticed that their payouts for the higher tiers is 100%. As soon as you're funded it's up to you. But to your point about increasing from $140K to $300K: are you seriously proposing that a reasonable person, acting prudently, would let $160,000 sit in a a non-intrest-bearing-account if there was the slightest chance they may never receive that money? I find that this stretches credulity I primarily trade US30 with ftmo and it is possible to trade at all hours. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I just recently got my first FTMO challenge. Also, when your funded you trade on a live account without slippage. On a personal account sure if you are comfortable go ahead and even YOLO it all comes down to your personal risk level and trading style. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Just wondering how any funded traders on here deal with the news rule on FTMO, that a trade cannot be left or entered within 2 min either side of the news release? Traders in Welcome to FXGears. (Just gotta wait 5 more days to complete the 10 day requirement) I’m so excited to start. S. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO has been in business reliably for over 8 years as a prop and longer as a broker I believe. The challenge is the hardest part. FTMO companies do not act as a broker and do not accept any There's also a table of all the instruments and information regarding each instrument they can trade with FTMO (leverage, commission, contract size, etc. - To be with other like-minded forex The charts in TradingView and on the FTMO MT5 platform may have slight differences in terms of price levels and candlestick patterns. This will be the closest thing to a real account. With FTMO, the figures are 10% and 20%, meaning that The 5%ers are the winners here as the percentages are lower. Btw the indices are excellent with FTMO because there is no commission. For a standard forex lot it's $3. Thats crazy and i didnt include commission. ” So you could do news if you wanted to just to pass the challenge and get About FTMO. Some people like to go with more trusted options. FTMO has a dashboard that lists the times that the news will be released. FTMO is it's own broker, I've asked that recently and that's what they replied. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Whereas the market orders on ftmo (not all but some) have had insane slippage. Bonus Rollover: Receive a 5% bonus when you roll your profits into a new FTMO account (withdrawable after 30 days). Trust me, you can’t scalp a few mins on ftmo and probably not on mff either. 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. 3 - Leverage Swing 1:1 - Commission 0 I dont fully understand My trading plan using the Swing FTMO account, in terms of how I understand Crypto Futures, was trading BTC using 1% for position (100. They just seem to offer a better deal overall. Savings: Get a 10% discount on all future FTMO purchases. I placed market order on gold at peak London session and the line of execution on mt4 was As you may have seen ftmo recently announced they're bumping up profit split from 70:30 to 80:20 as a holiday treat for passing traders. They've basically undercut FTMO in almost every aspect. 5 USD/lot, Cryptocurrencies were $14/lot and XAUUSDm was $0. Open comment sort About FTMO. My question to everyone is what does a Seeing a lot of videos lately of people passing FTMO challenges on Youtube. The money had left my account put it that way. 000 x 30 = 30. Their scaling plan of 10%/4 months is more realistic. There is a little tighter spread on the 5ers, but FTMO is the In addition, FTMO is also giving traders an extra 14 days if they are close to hitting their target. I’ve got a few trading buddies who Welcome to FXGears. FTMO, TFT and Myfundedfx as an example, on indices, US30 when opening and closing a trade = the spread on US30 is 1. Then tick "spread" in "columns". com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Hi guys , I've been trading for 3 years now and I'm getting ready to do the ftmo funded. 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. so literally, it's not trading firm , it's educational firm for profit taking in all aspects instead. 3 pip spread etc. Their challenge requirements are slightly less too. Exclusive Access: Unlock a new, larger challenge option ($400k) at a discount. But FTMO showed -40 for the day Doing well maxed my funding on FTMO, I see that as a bank now lmao, currently doing the prop firm challenge and using a trade copier to mirror my entries onto my ftmo accounts, and US30 only I made the switch to this around 6 months ago Welcome to FXGears. Free Challenge: Earn a free FTMO challenge at the same size as your current account. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! on purple trading mt4 now for a while but iC cTrader is a much better option for me with its tighter spreads and lower commission rates. I still think FTMO is a great short term idea. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. haha. Traders can access up-to-the-minute spread and Welcome to FXGears. 0-0. Prices are relatively higher than other firms but like everything, reputation comes Get the Reddit app Scan this QR code to download the app now. And there are props that deal live money accounts on A-book brokers, with no equity-based drawdow, and no maximum time limit for the challenges, no commission indices, no rules around news, 0. 10 lot on cad would have been a hefty commission so that would have counted as a loss, but who cares about win rate as long as you profit Edit: ETH not cad sorry but yeah you mad 4cad the commission would have been a lot more than that making that trade a loss overall Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. 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. Occasionally, I’ll catch a few trades/scalps 2-3 hours before the market opens. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I was just about to buy an FTMO challenge then I found out that MFF had been taken down. 1. from the limited information i have been able to find, the tax brackets for trading is tax free because its Welcome to FXGears. 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. The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! First level ftmo challenge on a 200k account Prop Welcome to FXGears. We don't have the greatest choices here stateside compared to those living in Europe. challenge soon, I tried the 100k demo account and I'm doing good so far (2 weeks in). Ftmo is more years on the Market . If I close a 4 lot trade Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I am in the process of starting a LTD company in the U. TFF looks so blatantly obvious now Reply reply More replies plus they have to gain money from commission or some fee for operation or staff cost. Prop firms are not for everyone, but telling someone to not even give it a look is just retarded. The problem w micros is that between commission, fees and spread you starting down a point depending on your broker. If FTMO Trader doesn’t make a change to their Reward Day before the end of a one-month cycle, the Reward Day will be anchored to the last day of that particular Reference Period, without the option to change it further in the Welcome to FXGears. You can't open or close a position on The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. FTMO - My position calculation looks like this, is this an error? Is there a fee for holding positions long term on FTMO? comments sorted by Best Top New Controversial Q&A Add a Comment. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Hi guys wondering if you guys have had personal experience with Prop firms other than FTMO with just as low spreads and low commissions. New comments cannot be posted. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Also Im not saying ftmo did some shady shit but my account indeed was hacked, but i didnt place those BTC trades i was sleep at the time. It's up to the Welcome to FXGears. Add a Comment. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Edit pdf's and place your name, you won't last much on ftmo anyways, so at least get your fee back and some money on the payout and give up on prop firm trading before going FTMO chỉ cung cấp cho các nhà giao dịch những dịch vụ giao dịch được mô phỏng và công cụ mang tính giáo dục. 8 - Win rate of 55-60%. Nice. So now I have my FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and verification stage. The biggest What is also really interesting is that the challenges are easier to pass. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! If you watch some ftmo interviews on YouTube you will easily notice how little experienced are some of the guests. What are your thoughts? Strategy What is the time frequency you are trading at and what are commission Savings are hard to come by because FTMO doesn't give them out very often. To be honest I have received several payments from FTMO since I registered on FTMO, I was able to make 62 000€ (not including the fees paid to the professional to take my tests). I was thinking of getting the hell out of here since my wife is Romanian, or at least open a bank account there (or any other country for you like others have stated, could also just be for Bro I’m the same. What else do you think you have a slightly different strategy when you are doing the challenge? The spreads with FTMO are insanely small and no regulated US brokers come close to them. - No challenge was done in a day or a single lucky trade, all trade FTMO, a well-regarded prop trading firm, offers a detailed and transparent pricing structure for its trading instruments. You use correct word: least shady bappebti, but I wouldn't put my money in even the slightest less shady broker, I want the best in the world, publicly traded, insured, based in a country with the highest compliant with law, after all, that is your hard earned money View community ranking In the Top 1% of largest communities on Reddit. Open comment sort options. P/L Porn Locked post. This past 30 days I tried my 3rd FTMO challenge of the year after starting forex back in April and I just passed the 2nd stage verification. Or check it out in the app stores &nbsp; &nbsp; TOPICS I am researching prop firms and I want to know what broker FTMO uses & what is the slippage for crypto trading. 😕 Customers from the US are no longer welcome. Indices and Commodities used to have the commission as $3. I wouldn't trust my money elsewhere. Searching for it online is a waste of time. FTMO, MFF, TFT, TTP, Fundednext and etc. 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. (+ liquidity available for that broker). The profit targets for two of The 5%ers’ packages are 6% and 12%. 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 guess the main questions are- is that the best way to do FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and verification stage. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! (they have really low spreads but high commission) but i stopped trading with them because meta quotes banned their license Man, I always found with ftmo that my stops Yes but you have to take account how much your willing to risk. My question Hello all, so I passed the first phase of the FTMO today, and it says they will verify my account and send me the account details for the verification. Best. However, the differences between the two should not be significant If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". So far so good, but I got there in 8 trading days instead of the minimum of 10 trading days. I love the idea of ftmo, but they have a limit of holding trades over the weekend. The charts really don’t match up specifically on the lower timeframes Welcome to FXGears. The reviews and testimonials are all 100% In this article, we will delve into a comprehensive comparison of The 5ers and FTMO across three pivotal factors: funding programs, growth potential, and support services. So please if you don't have a LTD company for trading or are The FTMO November Affiliate Competition runs from 1st to 30th November 2024, offering affiliates the chance to increase earnings, compete in two exciting categories, and earn FTMO Points that can be redeemed for FTMO Challenges or discounts on them. . Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. 5/lot. FTMO does have some downsides though the biggest being the news restrictions. Do your I just completed my 4th payout with FTMO today and never failed their challenges. FTMO companies do not act as a broker and do not accept any deposits. r/Forex. I decided to hold off on paying until I understand if it’s something that’ll hit FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and verification stage. None of the people that fail post anything up on reddit because there is no point, while the people that succeed (which is a tiny %) are on here having their 15 mins of fame before 99% of them inevitably lose the account which they attained through luck rather than actual trading skill. If you pass this first step, everything should be easy going. Our FTMO Challenge is the first step of our Evaluation Process. 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. A €400 traded suddenly became a €470 trade lol. I have come along way! Please share your experience with trading or even FTMO :) Welcome to FXGears. Funding talent has a challenge now that has NO restrictions and their cut is 80/20 vs ftmo s 70/30. Just use ftmo man I think 5%ers are legit also. For me are FTMO and MFF the best. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Currently I'm doing the FTMO challenge and I got to the profit target. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. Share Sort by: Best. This question is specifically for people who know about UK tax and prop firm trading. Quite aggressive if we are trading on a normal account, but being aggressive is inevitable when trading on a ftmo challenge. How does it work?. You are trading with their money with the intent of producing a FTMO does charge commissions. FTMO is a prop trading firm. The problem is the step 1- the 10% in 20 days. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! In a weird way, when I treat my FTMO accounts and personal account (connected with social trader tools) like demo accounts, I stop caring so much that it messes me up. However, after market hours, it’s volume is fairly low, spreads aren’t great, and it is less predictable. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Hi! I am FTMO funded. In FTMO, the maximum daily drawdown limit allowed on a $100K account is 5% which is $5,000. Yesterday I took 6 trades with profit of 0. com, a trading forum run by professional traders. Sometimes, however, the simplest solution is also the most effective solution. The max daily loss is the thing you need to watch out for. Meanwhile I’ve also been running two challenges with ftmo. Keep trading sharp! Share Add a Comment. The 5%ers, have more conservative rules on risk but the benefit is you have 6 months to hit the profit target. Pro & Cons= MFF : Cheap registration fee, reasonable spread, $3 commission on forex pair, 12% max loss rules. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Cheapest commodity to trade with FTMO? Prop Firms comparatively speaking, with FTMO? I know EURUSD has very low spread and no commission, but there's a ton of things to CSCareerQuestions protests in solidarity with the developers who make third party reddit apps. Trades over the weekend . AutoModerator Commission / fee ? Reply Posted by u/[Deleted Account] - No votes and 22 comments We use several liquidity providers with DMA (Direct Market Access) execution model. Competition in the space makes everyone better off! Now is the time to take advantage guys ftmo profit split update Welcome to FXGears. 000 account) and 30x Leverage, so I risk 1. FTMO recently blocked new and existing US clients from purchasing new challenges or trials. FTMO provides its traders with tight spreads and competitive commissions, ensuring low overall trading costs. FTMO has the best commission, the drawback is can you hit 10% profit in 30 days without going into a daily drawdown of 5%. I know FTMO offers a free 2-week demo challenge account to practice on. No news rules, no weekend rules, smaller target, cheaper price. Instead of worrying about calculations and plugging values into formulas, the easiest approach is to try I would think so in the sense that the tighter the spread the better right? Their spreads are just all tighter than FTMO. Remember on ftmo you get an extension if over 5% I think it is. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. Go to FTMO_Forex_Trading r/FTMO_Forex_Trading FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. Both prop firms give you a unlimited free repeat FTMO has a better profit split (70-30) than The 5%ers’ 50-50. For now this is the end of my journey with FTMO as those who have been following my progress know I develop an algo in the MQL language. If so look up the FTMO trading requirements, trade that way for 3-6months and see if you’re still profitable. The main reason is rules and laws. FTMO’s Competitive Pricing. The Support is Good. *** last , you gotta consider thatvsome great trader can't share the setup or for copy cuz tge strategy will fail when lots of ppl copy. There isn’t a straight answer because it depends on trading style and risk. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I see that FTMO still exists and now they allow crypto alts trading (xrpusd etc) which is nice! Recently I’ve been focussing on us30 bc there’s no commission with it When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. 1 lot on FTMO is 3 bucks and 1 lot on 5ers is 4 bucks. And even extra 10% more for those qualifying under the scaling plan. Which one is the one with smaller commission and spread? I scalp 10 to 20pips so this is really important. Let's face it, a lot of traders fail and lose money and I admit it Welcome to FXGears. Use VPN and bypass those idiots. Another point to note is that trading with own money is always better and profitable in long term. Quadrio offices Purkynova 2121/3, 110 00, Prague Czech Republic [email protected] +420 910 920 310 With TFF’s $7 commission, let’s not forget MFF deliberately used their commissions (and slippage) to take some away from the trader’s overall profits. for the purposes of receiving trading income from FTMO. Or check it out in the app stores I have run my expert advisor and the results of the last year were achieved by risking approximately 1% per trade on my FTMO demo account. I'm currently in the middle of doing a challenge and have noticed that the commission that skilledfundedtrader takes is super high!! A $600 win and net profit is $520. They offer the same account sizes as ftmo. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I started with FTMO, because they offer a free trial and I trained myself to pass those trials with 10% profit instead of 5%. Các thông tin trên trang web này không dành cho các cư dân ở bất kỳ quốc gia hoặc khu vực tài phán nào, nơi mà việc chia sẻ hoặc sử dụng chúng sẽ trái với luật pháp hoặc quy định của địa phương. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! On my 25k FTMO Challenge it says the max daily loss is exceeded today but it never actually did, i never did at any point go into drawdown above $1,250, i had stop losses set I felt ready, and started my first ever FTMO challenge on Monday gone, ended up making 9% this week and I am around €70 from the profit target of €1000. Now they have removed US clients access to MetaTrader and are pushing DXtrade instead. Got to give it to FTMO. ( the reason I want EURUSD spread is because we can guess others based on this and the reason I'm asking this question is because my scalping methods won't stand a chance making money with For BTC it says = Contract size 1 - Margin percent 30. - To be with other like-minded forex Took me an average of 1. Took a 70k FTMO challenge traded just gold, passed in 6 days. I have screenshots of my p/l. Nexo is the world’s leading regulated digital assets institution. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! With FTMO, to get your 70% profit share, you have to invoice them, which I would do from my LLC (once I create it). 5 months per scale up. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! This is a new clause in FTMO's T&C marked as a forbidden trading practice. I was just wondering how people feel about this as these two things were the only “weaknesses” FTMO had in comparison to other prop firms. Trading spx500 went short around noon, and it didn’t come back. Thanks One problem with all of these firms is the perception of the account size so eventually--at least in the US--they may eventiually have a problem with the Federal Trade Commission (FTC). I personally already have a micro company here in France. Upon successful completion you can get an FTMO Account with a balance of up to $200,000. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Has anybody experienced a reputable prop firm they’d recommend that doesn’t have the level of commissions that FTMO has? The commission on FTMO Swing MT5 is eating into my The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. And they don't show you the commission they deducted they only show you your net profit. The commission on FTMO accounts is only 3 USD/round-trip/lot on Forex, which is well below the market average. They have raw interbank spreads on everything. It is recommended because it is trusted. com's Reddit Forex Trading Community! You’re giving a lot of profit back to the broker via commission by trading like this. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! It seems like FTMO and MFF treat their businesses like a casino while the 5%ers looks like they want long term traders. I have a broker on my personal account, I scalp 1min , and the account is growing nicely. The issue here is that you see all the 'success' stories and no failure stories. You actually risking 5% of the balance per trade if we are talking about a $25k challenge. Sort by: Best. Adding to positions to balance out Welcome to FXGears. Forex traders of reddit I'm asking you to tell me about the average spread you get for EURUSD in London&NY when you are demo trading to pass FTMO, 5ers, Funding Talent, etc. 6pip but on a 5 lot trade you'll pay 300$ worth of hidden commission in the form of Slippage/Requote (I'm talking slippage without any During the weekend that has just passed, FTMO announced their account type known as “FTMO Swing” which allows traders to trade news and hold trades through the weekend. (Should you pass) also they have HIGH commission per lot size traded. 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. K. even if it's just a simulation. If they fail, you are still out FTMO's challenge fee. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. Top. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! depending on if it's a buy or a sell. Ik a lot of you are just going to say FTMO week two of the challenge on a scalping account. Trust the So to them, it is a completely risk free business. Funding talent has better split and lower fee for 25k account. Made a Video of my strategy to pass the challenge. But you can only trade 400k with them. That gives you an easy overview over the spread on different pairs. Very happy with myself and my progress, especially that I started trading less than a year ago. com's Reddit Same here. Literally not one negative trade. In the other note I believe in every single one y’all who are trying to make a change. Thoughts. Old. the spread and commission they’ve built in means it’s really not for people like us. View community ranking In the Top 1% of largest communities on Reddit. 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. Folks just I think SurgeTrader and FTMO let you trade equities directly. I rather inherit my own money rather than have a company take my commission each time. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I used FTMO in the past and they are legit, I was able to withdraw and everything but I had to change my strategy and it doesn't work with FTMO's parameters. What factors do you find to be most crucial when choosing a prop company? Ex: The5ers. When people take a $200K challenge--if they pass it and receive a $200K "funded account" it in reality is only a $20K account. Our aim is to provide you with an insightful analysis, empowering you to make an informed decision on which of these esteemed platforms best aligns with your trading aspirations and style. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology Welcome to FXGears. I'm a swing trader looking for a funded challenge, FTMO seems the most legit, but I'm not too sure if it's appropriate for swing traders? I hold trades generally for 2-3 days (average 1-2 trades per week), and I've been consistently profitable for a while now (small live account). tvaoen opqpj lby wsbleae grmdu hzhnsz sjstd ebjcw rfu jsh