Is ftmo regulated reddit. So this how the first FTMO payout went.

Is ftmo regulated reddit If the prop firm uses a third party, regulated broker like Eightcap, BBMarket, etc. o. S. Does anyone have any recommendations or ones they can back? Many brokers from this are well regulated in other countries. and all the videos have that same Welcome to FXGears. Vincent and the Grenadines. If you're trading with a propfirm that has it's own broker ex: MFF -> TGG, FTMO -> FTMO, AFG -> AFG etc. So lets do simple maths. If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". In the other note I believe in every single one y’all who are trying to make a change. 3200$ 20 votes, 56 comments. Deloitte doesn't hand that shit out like candy because their own brand's credibility is on the line when they do. 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 ftmo is the only one real here. They offer traders a real account and 80% to 90% profit share. FTMO is by far the most popular firm and they had to turn US clients away, I haven't purchased any challenges from any prop firm since the news came out for FTMO, it was a sign to save your money. Like others, I'd say the 5ers. com, a trading forum run by professional traders. The reviews and testimonials are all 100% organic. US nationals/residents including the US overseas territories (Guam, American Samoa, Northern Mariana Islands, Puerto Rico, and the U. This is where the real fear had started to set in for traders in the USA. 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. As with every other aspect of financial regulation, it is most likely going to remain unregulated until a firm does a serious fuck up and then regulation will be introduced. FTMO has won international awards from fucking DELOITTE for 3 or 4 years straight. 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. if it's too good to be true it generally is. We don't have the greatest choices here stateside compared to those living in Europe. Some people like to go with more trusted options. FTMO has carefully calculated and set up targets which are unrealistic, high chance for even a good trader to fail, to make 10% in 20 trading days (1 month) you are forced to open larger lot sizes to meet the target but when you do if market goes the other way only a little bit you end up failing the challenge because of the 5% daily drawdown rule, odds are basically against you, they are more Forex trading in India is regulated by the capital markets regulator SEBI which makes sure that firms follow the Foreign Exchange Management Act, 1999. 400$ 3. While taking FTMO challenges unknowingly you are paying a lot of monthly subscription fees, you may lose the challenge, re-take the challenge, get a funded account , break any of their trading rules, you will start from Mar 4, 2024 · FTMO has been featured on Forbes three consecutive years and been awarded the Deloitte Technology Fast 50 award. Welcome to FXGears. Always payout, every time. You don't get his logic, because you apply the same rules to a private account. 5k well honestly, if it happened with FTMO, Funding pips, etc. The FTMO Challenge and Verification are the components of their evaluation process. 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. I don't know how old you are, but you can think of taking a prop firm challenge like taking a final exam at university or the biggest test of the school year. It offers traders demo accounts to pass its Evaluation Process, and successful traders receive FTMO Accounts to trade with profit-sharing. I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. Ftmo for example played its cards correctly and reinvested all the cash flow it has into the business, other wise it would’ve died long ago. Real fuking hard. FTMO’s model is very innovative though … once having passed the Challenge and Verification test phases and having become eligible to participate on the FTMO platform, the so-called FTMO ‘trader’ basically just plays an electronic game of simulated trading with virtual funds They do marketing with a lot of youtubers and fake journals of the challenge Funny thing is on yt there are fake accounts only talking about the challenge that have in total only 4-5 videos from past months and they are all about FTMO If you notice, they target precise type of people and talk to precise public (young african guy, girl in the 20's,young guy. Ftmo and 5%ers are the best. It looks like a good option to the well-known FTMO. with FTMO you can get a practise account and test fills , spreads for 14 days. (I trade forex - XAUUSD). Scouting programs (or prop firms) don’t need to be regulated, but they are also not doing anything illegal. What do Alpha Capital Group's clients not like? The business has a good name, but it's still not as good as FTMO. com serves over 80 million customers today, with the world’s fastest growing crypto app, along with the Crypto. You will never have worry about a "MyForexFunds" moment w/ FTMO. com Exchange and Crypto. Do your own due diligence before trading though. According to me FTMO should be chosen because they have been working for many years and they are reliable. 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. that means 100K x 30 = 3m to trade with. So this how the first FTMO payout went. Yes, from my review of the same question, I believe US persons or entities can participate on the FTMO platform. Funded Next said they were regulated recently (by which entity I don't know). com is the best place to buy, sell, and pay with crypto. I am currently in seed stage with Axi group things look promising but I want to know if there are others out there Please help 5ers allows you to trade news. If you pass it, you get funded. Feel free to submit papers/links of things you find interesting. 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. Here are my findings: WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. I've also discovered Axi Select recently. 1600$ 5. correct me if I am wrong You get 100K account for $4500 with leverage of 1:30. etc. Effective 04 May 2023, due to our business decision based on operational considerations, FTMO stops accepting new clients in the US states of Delaware, Louisiana, South Carolina, Montana, and Arkansas. com Visa Card — the world’s most widely available crypto card, the Crypto. 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… The spreads with FTMO are insanely small and no regulated US brokers come close to them. That being said, ftmo recently made available extensions if you are close to the target and from day one even if you don't hit the target within 20 trading days you will get a retry anyway. I'm by no means bragging, I'm simply stating that FTMO is worth it and anything worth doing is hard. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. Can't go wrong with FTMO. Sorry OP but that's a dumb question. FTMO or any Forex funded account for that matter, is not worth your time and doesn’t make you any money in long-term. Unless your strategy has a high number of trades appearing every day/ week with high win rate, its going to take long time to get to 7%. 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. 256/2004 Coll. 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. Crypto. com DeFi Wallet. org Nov 9, 2024 · No, FTMO is not a regulated company. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. there are 50 prop firms operating as of now , but no firm can match track record . Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. They're probably manipulating spreads, slippage & swap. FTMO Challenges started before this date and active FTMO Accounts are not affected by this decision, however, new orders are not available. FTMO has been in business reliably for over 8 years as a prop and longer as a broker I believe. Trying too hard and studying too hard has diminishing returns and is counterproductive. 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 Its even lower than what regulated brokers provide to retail traders (1:20 - 1:50). Sounds like MFF broke some rules and were not operating properly as a prop firm. but many of these firms operate on scams. Virgin Islands) are not allowed to use MetaTrader or cTrader platform. Please note that your status (Natural Person, Legal Entity) will be based on the option you selected during your first order purchase, depending on Any suggestions of a legit regulated firm that will fund me and also offer MT4 as platform for trading? I understand if I have to pay insurance for evaluation etc. so pretty much same amount. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! The issue here is that you see all the 'success' stories and no failure stories. Got to give it to FTMO. The FTMO Proprietary Trading firm offers traders a position with an account balance of up to $400,000 if they succeed in the evaluation process. The online prop firms like FTMO and MFF are not regulated, they don't need to be. And you can trade with FTMO as you are not sending your currency outside in return for foreign currency. FTMO official response: Hi there folks, thanks for your comments. 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 they have removed US clients access to MetaTrader and are pushing DXtrade instead. FTMO, the gold standard for retail prop firms, had announced that they would no longer begin to accept US customers. 5. Reply reply 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. I passed, focusing on my risk management, not profit. FTMO is easily one of the most reputable prop firms and they were essentially synonymous with the retail prop space. 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. 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. The real question is do YOU have a consistent and profitable method? That is the real question. Key Takeaways: FTMO is a forex prop house founded in the Czech Republic in 2014. No "gotcha" moments or stupid fine print rules. FTMO recently blocked new and existing US clients from purchasing new challenges or trials. However, I think prop firms who apply for brokerage regulation are worthy of taking a look at it. FTMO only provides services of simulated trading and educational tools for traders. FTMO without second thought. 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. Bro get on the Internet please, or go to a library and learn culture and history and just start trying to be human cuz idk wtf why it's so hard for you to learn how to use a search engine and learn about late 1800s and early 1900s American history, specifically African-American folklore of the time and low-income families that influenced children's decisions to become hobos. FTMO wants you to earn 10% in one month, followed by 5% in two months, and you're eligible for a retry if you end the challenge in profit. The rules are better than FTMO. 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. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. TradingView is still superior in that regard I'm not saying ftmo's platforms are superior for charting (imo they aren't) what I'm saying that you should use OHLC values to place trades on the platform you use as with forex and CFDs they're pricing inconsistencies when using a different broker's feed 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. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. You have to be profitable to be able to make money on their Is there a (more recent) list of solid, US regulated prop firms for forex? I am seeing some solid ones are being “cancelled” such as FTMO. I got scammed with SFT as well and I will never trust a prop firm that hasn’t survived for longer than 5 years. It's originally an Australian broker using its branch regulated in St. People bitch about higher cost and FTMO being 'plain jane' without all the bells and whistles, but that's what makes them great. No issues. Their traders are trading the company's capital, not investor capital, so no need MFF and especially FTMO are golden. FTMO Evaluation Global s. It sounds simple but please don’t underestimate it. 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. /FTMO Evaluation US s. The relationship between an FTMO Trader and FTMO is based on the FTMO Account Agreement that we will sign with you after you pass your FTMO Challenge and Verification as well as the KYC/KYB process. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! A place for redditors to discuss everything tick data, historical market data, and bounce ideas off each other for constructive criticism. A detailed overview and comparison of popular forex prop firms can be found here. FTMO companies do not act as a broker and do not accept any deposits. Good morning guys, so anyway The Funded Trader is one of the most reputable prop firms with really good promotions. Their trade conditions are never sketchy or unstable. . FTMO does not. The country’s central bank, the RBI, regulates forex transactions. (1% of risk per trade with 66% win rate) FTMO rules are far laxed compared to the firm I work for now but l manage a far bigger book and obtain bonuses and payouts. 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 end the 6 months in profit. Commissions/spreads are low and competitive. FTMO basically, made a two-step process to check out your trading performance. I still think FTMO is a great short term idea. If you make money with FTMO, you can show it in your income tax as market consultancy fees. then that just means all prop firms who accept us clients currently, will soon follow suit. instead if you buy Personal account with 500 leverage in that same amount then you get $4500 x 500 = 2. If you can make 10% on FTMO for 5 months, on your private account you will have: Month 0: 100$ 1: 200$ 2. 2m. Unfortunately, many are not quite right and many are misleading. Same here. professionalism ,longevity of FTMO. FTMO was founded in 2015 by Otakar Šuffner and operates as a proprietary trading firm based in Prague, Czech Republic. 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. This is common in all real markets, oanda is a mega bucketshop so its likely thats why you see a difference, use a more stp broker like tickmill or icmarkets and you will see spread variance all the time at rollover up to those levels. 800$ 4. ) Their prices were dirt cheap, almost half of ftmo for smaller accounts so it was not sustainable. See full list on mdfinancialskills. One big difference is that ACG has a lower 8% Phase 1 goal for its prop business challenges, which makes it easier for traders to pass. r. does not provide any of the investment services listed in the Capital Market Undertakings Act No. Trading is hard. Trust the process and don’t give up. You can lose 10% on FTMO with 10% target, so you have to double your account. 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? Welcome to FXGears. Please leave your thoughts in the 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. I keep telling people this, but I sometimes think FTMO is THE most legit prop firm out there. as long as you don't resort to shady practises and align your trading style with them , you are good to go. The max daily loss is the thing you need to watch out for. It appears this thread is about Prop Firms and Scouting Programs. FTMO is legit, and I assume they have a lot of very successful traders. On my FTMO account under credentials with the login ID and password it also says platform DXtrade. LMAX which is regulated as an stp entity is usually even worse than the rest. Hey guys - I’m in the US and having trouble finding a solid regulated broker. A lot of the recommended/good regulated… I don’t think it’s about MFF or any prop firm getting regulated. aapyp vkxez lfsdv fwl hlbgb topx qirum lkmp tdloa gwld