Ftmo prop firm review reddit

• Ftmo prop firm review reddit. com) Alpha Futures. The Prop Firm Business Model: A Numbers Game. A unique aspect of FTMO’s model is that traders operate on demo accounts with virtual money, yet successful traders receive real money payouts. For a bad firm, these reviews tell you about these « hidden rules ». There are not many prop firms out there that offer trading coaching and real trading job opportunities like FTMO does. 😀 FTMO is not your typical prop firm. You need to study for it, practice, take notes and review them, learn with friends if you can and only try to take the test when you absolutely feel like you're ready. Make sure your stratagy passes across multipul months as the market changes. But anyway It appears this thread is about Prop Firms and Scouting Programs. 5ers 3. I managed to get a lot of prop firms challenges with those, and have been continuously trading on them using my expert advisor ever since. When it comes to trading with Prop Firms in Canada, what exactly is the procedure to apply for a prop firm and how does it work? How would one apply to a Prop Firm in Canada? Currently working a 9-5, I've been paper trading for awhile before and during work. FTMO is a prop trading firm established in 2015, known for its structured evaluation process and profit-sharing model. 1. - To be with other like-minded forex traders. Failure rate is very high even in such prop firms so the mentoring and other training is average at best. Prop firms operate on a simple principle: most participants won't succeed. Worth it. Futures props won't do the kind of weird thing that Forex props do like keeping you on demo, so you'll be trading with real money. Look, prop firm challenges are a fantastic way to land a funded account, but before you dive headfirst into FTMO's paid challenge, consider the FTMO Demo. 2 - My expert advisor. We talk about good & bad Prop Firms, Prop Trading, and the Prop Industry in general. They credit their parents for core values and their podcast's success to their supporters who helped them a 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. There's always futures online prop firms if you think Forex online props are too risky. Leave your review to help others. Other prop firms might be doing the same. com - Trustpilot The real issue is that MFF was getting rid of sucessful traders and yet it was a top rated firm with positive reviews all over. Best prop trading firms? And which to avoid? : r/Daytrading Feb 9, 2021 · Overview. Trading 1% with a Futures Prop Firm is like riding 120KM per hour on a scooter next on a mountain road. This strategic move signals FTMO's ambition to stay ahead of the curve in the evolving online trading landscape. 3 - High risk manual trading on Gold and oil movement / news. You can allow people to supervise your accounts so that they can just watch realtime what you do. Comparison of The5ers Prop Firm Programs : r/Forex Absolutely. which are designed for you to keep paying their subscriptions. Except with taking a prop challenge, you can pick the day when you're ready and if a lot of props removed a time limit, then even better. Be the first to comment Prop Firm FTMO wants to become a broker 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? Nov 28, 2023 · Wrapping up this FTMO review, it’s clear to me that FTMO stands out as one of the best forex prop trading firms available today. It is crucial to conduct research and evaluation of different firms to ensure the best fit. Although some Forex online prop firms do also trade with real capital and don't keep their traders on demo. Just received this email this morning from FTMO support. MFF 2. The 5%ers is another prop firm I've been eyeing recently. Share For more information read the Alpha Capital Group review here on Reddit. Everyone is welcome! This is not a place for bragging, though. This is achieved through the Trading Objectives. The only issue with them is the leverage which is way too low for my trading style as a day trader. Jul 31, 2024 · FTMO Review 2024: Is this Prop Trading Firm Still Worth It? Posted by u/ComfortableRepublic4 - 1 vote and no comments Very curious to know more about FTMO premium program for actual users, but so far I haven't been able to reach it myself. We have all heard the news regarding US clients lately among various well known prop firms. -Share FUNNY Trading Jun 23, 2024 · If you're a confident forex trader looking to elevate your trading game and manage a substantial account, FTMO offers a unique opportunity. Not really a prop firm but Sierra Chart allows you to create evaluation accounts, and to share your results with other traders. Prop firms (online ones) are just a scam way of making money for the firms only. I personally don’t have experience working with prop firms but these threads might be of some help, hopefully. is funded account really worth it? : r/Forex Don't trust them, read 1 star reviews on trustpilot. I’d like to know what you guys think of it. What are the pros and cons of FTMO? : r/Forex Thanks for everyones help in finding a good prop firm. FTMO | The Modern Prop Trading Firm since 2015 Same thing with taking a prop challenge. So if you are up 30k TODAY you can drawdown It appears this thread is about Prop Firms and Scouting Programs. FTMO would allow you 10 trades of %1 losses in a row before failing the challenge. They are also large enough to offer their own brokerage along with your funded account. They keep you up to date with emails involving whats going on any, updates and news alerts. What is the best prop firm? [serious] : r/Daytrading Why would I go with a prop firm (such as FTMO (for clarity: FTMO is just one example, there are many other prop firms and I'm not saying anything good or bad about FTMO by mentioning them) versus just trading with (excessive) leverage provided by my Broker? A trader should have the option to test their system with any prop firm platform to optimize their strategy or be able to find out if the prop firm is a good fit for their type of trading style. It's crucial to remember this when evaluating the risk. With its varied funding challenges, innovative tools like Account MetriX and Mentor App, and a wealth of educational resources, FTMO offers a comprehensive platform for traders seeking to maximize their potential. At the moment Funded Pips, doesn’t offer 200K prop firm challenges or bigger account sizes yet! 😔 Due to the stringent refund policy, it is difficult to get your challenge fee back (And make your Funded Pips trading account risk free for you) even when you get initially funded. they are more expensive but they are one of the few that still offer payment to bank transfer. FTMO pays back the fee for the challenge Read Customer Service Reviews of ftmo. Anyone here with prop firm trading experience? The whole process with FTMO has been great and i fully recommend them to anyone wanting to start with a prop firm. My Forex Funds - Conventional Accelerated Account Read Customer Service Reviews of ftmo. Oct 22, 2023 · Best Prop Trading Firms 2024; Review FTMO Pros and Cons: Understanding the Benefits and Drawbacks; Is FTMO The Best Forex Proprietary Trading Firm? Welp folks it's been fun. Common pattern among all these fake prop firms. Many prop firms, like Funded Trader and Funded Engineer, are really "marketing" firms that depend on their outside tech source. Please contact the moderators of this subreddit if you have any questions or concerns. Apr 7, 2024 · Yes, FTMO is a reputable prop firm that has received positive reviews from many traders. (youtube. Our Biggest Announcement Yet. It is possible to hold trade accounts overnight and over the weekend. If you read the 5 star reviews you can tell they are identical in nature and are NEVER specific, and usually are just super generic and refer to some ''name'' that helped them through XYZ. Overall, this Bulenox Review post provides an overview of the rules and processes involved in trading with a Bulenox prop firm account. FTMO is an award winning proprietary trading firm that funds traders in the forex and CFD markets. I want dip my toe into an 200k challenge but don’t know any legit prop firms. You are trading with their money with the intent of producing a return against the market. Tell me your experience with FTMO, is it worth it? : r/Forex We would like to show you a description here but the site won’t allow us. I think I'm ready to put some strategies to the test. 8 billion crowns. TL;DR: Your FTMO app shows your daily allowed DD after every new trade. I don't know why people go straight to ftmo, a lot of other firms have much better rules. Guys i see to much bad news on borkers cfd like FTMO, MFF… and others. Aug 20, 2024 · Our Take on FTMO. Feb 16, 2021 · FTMO and The 5%ers, both established during similar times (2015 for FTMO and 2016 for The 5%ers), are two of the most well-known forex prop firms or funding programs currently. You presented a very rosy and textbook definition of conventional prop firms :) Even the conventional prop firms screw their traders by padding the commissions, exorbitant desk, platform, hardware, software, training and other fees. It appears this thread is about Prop Firms and Scouting Programs. Best to go for regulated/reputed brokers. Prop firms are a brilliant way to make money, albeit not completely morally just since a portion of their income is gained through failed challenges, taking prey on the publicly known 99% of traders that fail but they’re completely transparent with their rules and if you’re unable to prepare yourself for the game don’t play. -This update and no time limit that everyone is getting crazy about is meaningless to me as I pass prop firms within 2 weeks, phase 1 and 2 included. What Is FTMO? FTMO was founded in 2017 by owner Otakar Suffner with the aim of providing funded accounts to talented traders. It's all the same template, you can tell it's In summary, FTMO stands out as an innovative and trader-friendly Forex prop firm, offering high profit shares, flexible trading conditions, and supportive tools that empower traders to achieve their trading objectives while contributing to the firm's continued growth and success. Based on user reviews, ftmo, the5ers and tft are popular firms. The prop firm will control the account at the broker, that's why they pick and choose who they work with. FTMO is it's own broker, I've asked that recently and that's what they replied. Jan 30, 2023 · 11 reviews. I guess indeed no such thing. I was about halfway through evaluation of my Forex funds 10k account until they shutdown. Or maybe you have a success story you’d like to share. I personally can’t answer that question yet, however I do have plenty of experience with other prop firms such as FTMO, Topstep, Funding Pips, Funded Peaks, and Apex Trader Funding. So, is City Traders Imperium a good prop firm or not based on their offerings? are the people that pass your ftmo challenge legit? : r/Forex Sep 29, 2021 · FTMO is one of the leading firms in the forex prop trading space with over 6000 new members joining in 2020. I was merely in awe that they have traders pulling in way more than what I thought. Any help is greatly appreciated! I think you're mixing unregulated brokers with prop firms. . FTMO is a prop trading firm. FTMO, a leading prop trading firm, is expanding its reach into the retail brokerage space. S client and been profitable for awhile with a 50k account making about 2-5 percent a month . Which is the best Prop Firm? : r/Daytrading Yes 90% of traders lose money and it seems like it is enough to sustain the prop firm business model. FTMO vs FundedNext – Full Comparison All prop firms have some frustrating rules, some has restriction on trading during news (ridiculous), some has very very small margin limit that you barely open day trade with 0. Why Most Prop Firms Should Be Avoided Choosing the best prop trading firm ultimately depends on individual trading goal, preferences, and experience level. you could try getting 100k each from 4,5 top firms too , like 100k each from FTMO,Funding pips,5ers,CTI. Dont waste time there. It offers a 70-30 profit split and provides traders with a demo account for practice. Anyone that has used it can you tell me how the payouts were and if you had any difficulties with them in any way. I would do trade the pool, make 25-50k there, then take that money and join tradefundrr pro trading program where they add buying power to your current equity so you can have more leverage. Traders operate within these environments using virtual funds, allowing them to gain experience and confidence before transitioning to live trading with real capital. Description of the video, so you don't have to watch it. Did you know that you could become a funded trader with FTMO as quickly as 20 days? Using a clearly-defined two-step evaluation course, FTMO offers an incredible opportunity best suited for intraday traders to trade an account prop-funded up to $100,000 depending on the joining fee paid in the initial stage. FTMO Free Trial This is a community for prop traders. I can crunch all the numbers and do a comparison against FTMO, but the truth is I will likely skip past you because I have no way to validate my system A prop firm like FTMO isn't actually giving you any money, a "funded account" with them is really a demo account. Yea FTMO is meant for day traders so if you're looking to swing trade you either got to heavily alter your strategy to accommodate the rules or you gotta look for a new prop firm. I think it's a good idea for traders (especially with prop firms because the numbers are bigger and it's easy to get carried away dreaming) to come up with a comfortable and reasonable number of what their daily or weekly profit target is, and exit once it's reached. Now they have removed US clients access to MetaTrader and are pushing DXtrade Update: thanks guys for suggestions unfortunately I still dont see a respectable prop firm, most have silly none sense rules, ftmo dont allow trades to be open over weekends. It really depends on the type of prop firm. Logically speaking however, wouldn’t it be more sustainable to copy the 10% of profitable traders too instead of only relying Do B-book prop firms like FTMO, SFT, Blue Guardian etc copy their profitable traders? Yes 90% of traders lose money and it seems like it is enough to sustain the prop firm business model. Basically it is 5%, or 5000 on a 100k challenge, a day and increases with your profits ON THAT DAY ONLY. Here's why: Imagine a prop firm where everyone signs up for the largest accounts with the cheapest fees. 5%ers, Fidelcrast and a lot of other firms, jist google them and then look for reviews about withdraws etc. 000,00 yes. Anyone can fake reviews on trustpilot, it's been shown. 4% risk (and you can't open other trade, you hit your limit, good for swing traders). so far, most stable has been FTMO. from my last week's knowledge the most legit ones are FTMO & 5%ers and MyForexFunds, but i have found bad reviews about them too. If you aren't a swing trader though, do keep in mind spreads if you try other prop firms based off of your FTMO demo. While you, the trader, naturally want the biggest bang for your buck, prop firms simply can't offer massive accounts at rock-bottom prices. FTMO | Modern Forex Prop Trading Firm & Funding Challenge Who here is using Funded Trading Plus? : r/Forex Funding Pips offers a user-friendly and accessible entry process for novice traders, while FTMO has a more stringent review procedure and profit targets. In conclusion, FTMO emerges as a reputable proprietary trading firm, presenting traders with diverse options within their two-phase evaluation program account sizes. For example, this new Asian firm called fundednext offers a challenge without time limit where you have to hit a 25%. r/Daytrading • I just crossed + $375,000 in profits after 18 months of full time day trading. But so in the end i am left confused, i still have hopes. They collect fees from the masses, knowing only a small percentage will achieve consistent profitability and qualify for payouts. Personally, I'm not comfortable with risking 1%. May 10, 2024 · FTMO Review 2024 (FTMO Challenge): Prop Forex Firm It appears this thread is about Prop Firms and Scouting Programs. They use you as a consultant and may take the trade themselves or they may just pay you with the money from people that lost a challenge if they don't take the [winning] trade. always let your initial capital come from firms which are considered tough like FTMO,5ers,CTI. In that time, I have had a maximum cumulative drawdown of only - $6,419 with an average drawdown of -$1,000. "The host of Words of Rizdom is acknowledging the importance of teamwork despite their own past failure of trying to go solo. By meeting these objectives, traders validate their skills, showcasing that they are both disciplined and seasoned. Logically speaking however, wouldn’t it be more sustainable to copy the 10% of profitable traders too instead of only relying on the losers ? FTMO or MyForexFunds FTMO has step 1 10% step 2 5% with 10 trading days minimum MFF has step 1 8% and step 2 5% 5 trading days minimum Both gets you a free reset if all rules are respected and you are break even or in profits. Here we help each other out. Regulator shutting down MFF is one thing but MFF was shutting down successful traders and none of us knew. Trading is not easy! Don't expect to get funded on your first try. Just make your profits from these prop firms and build your own trading account, if you think prop firms will boot you off their platform just don't perform that well, keep getting consistent withdrawals and slowly build up your personal account, do not depend on a system that relies on losers to be a source of income in the long run. Imo prop firms have a dark cloud over their names & just like MFF they could shut down whenever, so best thing to do is cash out as much as possible with prop firms & use those funds to build your own personal account with. I am a bot, and this action was performed automatically. There is an exchange called ACG Markets that Alpha Capital Group runs. If you are as well, you have your FTMO app that shows your daily allowed drawdown. 5 days ago · FTMO reviews: Is it a legit or scam prop firm? Aug 18, 2023 · Before FTMO bestows the privilege of trading for their Proprietary Trading Firm, they need to be confident in a trader’s risk management abilities. FTMO offers greater flexibility in trading methods, including swing-based and longer-term strategies, and encourages a patient and risk-averse approach. Their prop firm challenge system allows you to prove your skills and gain access to significant funding, with the potential for high earnings. The company has appointed Michael Kamerman, a seasoned brokerage executive, as the CEO of its new division. I heard there's an entrance fee. 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). Plus you have to pay monthly as you pass the 5 challenges, but after that you get added to the prop firm full time with up to $10 million bp. Traders can earn an 80% profit split, with the potential to increase to 90% through consistent performance. I’ve been looking at other prop firms like FTMO, the5%ers, and true Forex funds. It's in Czech but you can translate it with any browser: FTMO: Prop Trading from Zero to Billions | FXstreet. i believe this became an issue earlier this year and they had to change their business model a bit. Economic releases can be powerful tools for traders, offering valuable insights into market movements. If you can pass the demo multipul times with FTMo you should be able to pass any prop firm. com - Trustpilot I trade US equities with a Canadian prop firm Alkaline Capital. This blog post will introduce you to economic releases and how you can leverage them to make informed trading decisions. Im currently doing the challenge myself. is FTMO legit & reliable? if yes, then do you think it's worth For prop firms, these simulated markets serve as training grounds where aspiring traders can showcase their skills and potential profitability without financial risk. The FTMO head office is in the Czech Republic, while that of The 5%ers is in Israel. Trading with the (FTMO) Economic Calendar. Actual proprietary trading firms offer much larger funds, real funds, trade themselves and are usually closely located to an exchange for best execution, among many other things to qualify as a prop firm. I rather risk less. I like to swing trade in the 4 hour time frame so I’d prefer to find one that isn’t too strict about holding over the weekend or trading during news. Please leave a FTMO review, For the ones who don't know the program: FTMO's Premium Program rewards successful traders with two tiers offering increasing benefits: Prime Status: [Some of the prop firm in here may or may not have bad reviews or no reviews, low payouts, monthly subscription, expensive fees, limit on lot size/contracts] Do your own due diligence if you wanna check on them and free to comment any prop firm that you found that are not on the list so i can put it on the list. i was naive ! After a deep dive I'm considering the5ers This is my preferred prop firms for now ranked in order. FTMO recently blocked new and existing US clients from purchasing new challenges or trials. Proprietary firms also do not offer remote trading due to tools and tech they utilize. It's up to the broker you use with that prop firm if they scam you or not. '' 1,8 billion Czech crowns = 77,112. cz ''We don't have a final look at 2023 at the moment. Ftmo looks to be the best fit for me. FTMO. However I’m not sure if FXify or FTMO is better; here’s a breakdown: For the same 200k account, no time limit, 90/10 split, monthly payout - FTMO: cost $1387 90/10 split not available at the start first payout is some time after passing (not on demand) along with only 100% refundable challenge fee Hey guys, been a mff then ftmo U. For a good prop firm, these bad reviews are just losing traders venting their anger. -Evaluation Programs: – Industry-standard two-phase evaluation challenge. 1 - Hedging with different prop firms. There seem to be quite a few users leaving negative reviews. Ask yourself this: why would they charge you a commission on each trade when you are trading with their capital? Dec 11, 2023 · From what I’ve read so far, I’ve also seen very mixed reviews for prop firms. Please share your review. However, it’s important to thoroughly review the rules and requirements before participating in their evaluation process. FTMO is a proprietary trading firm that funds traders after they pass a rigorous evaluation process. A detailed overview and comparison of popular forex prop firms can be found here. This review covers account types, leverage, FTMO Challenge rules and more. Key features include a trading platform, risk management tools, and a supportive trading community. I just wanted a prop firm with regular rules as a normal broker. They seem to really care about helping their traders become even better. Share Add a Comment. The truth is prop firms like FTMO have a balancing act to perform. funding pips is good too,just like plenty of new age firms , but there is no prop firm that matches FTMO in the industry as of now. For 2022, however, we reached revenues of 4 billion and an EBIDTA profit of 1. Also make sure to read reviews online, like the FTMO review on this sub-reddit, before you get started. I don't believe in pass the challenge kind of prop firms like FTMO, Topstep etc. At my current firm I simply put in capital and get 20-25x leverage to trade with profit split. You also want to focus specifically on the bad to worst reviews. fjahlyt ihnwp rwkilyd dokym ygksjk mzfvc zupo mjbswlp khs koxtx