Ftmo refund reddit

Ftmo refund reddit. 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 You initially pay for a challenge account. In the other note I believe in every single one y’all who are trying to make a change. I'm going to take part in the FTMO challenge soon but I'm not sure if FTMO lets you keep your profits during the challenge and verification stage. Nu weet ik dat de belastingen bij forex rond de 1-2% liggen, wat geldt bij handel van je eigen kapitaal. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. FTMO is legit, and I assume they have a lot of very successful traders. 000, they will payout the profit split every month or at the selected profit split date. This is my 3rd time with FTMO. Even on Gold I notice there spreads can get a little high. 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 FTMO without second thought. Great spreads, no slippage whatsoever. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. I hope this helps! Let me know if you have any other questions. FTMO or any Forex funded account for that matter, is not worth your time and doesn't make you any money in long-term. ftmo. Damn thinking back I was smart af. professionalism ,longevity of FTMO. seems like you guys have not understood how ftmo works. No limit on challenges' equity size Account Mamagement Partnership 80-20 8% of account size profit per payout (FIXED) Under Refund Policy Refund Policy: Under Refund Policy Contract Offer: 5000 USD (one-time fee) Accept challenges in any drawdown Sign a contract before hire. So this how the first FTMO payout went. Trying too hard and studying too hard has diminishing returns and is counterproductive. Hallo Geldzaken, Ik zal binnenkort officeel een handelaar zijn onder FTMO (een prop firma die handelaars hun kapitaal geeft om te traden). which is more than enough to pay out the traders that do make money (90%+ loose) 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. Under Refund Policy Contract Offer: 5000 USD (one-time fee) Accept challenges in any drawdown Sign a contract before hire. See full list on shop. No limit on challenges' equity size Account Mamagement Partnership 80-20 8% of account size profit per payout (FIXED) Under Refund Policy Refund Policy: With any high risk account you should always consider the deposit as a one-time no refund. After approximately 1-2 business days, we will then send you the new account login credentials for the Verification stage. Hey Traders, My name is Adam and I am Head of Growth at The Funded Trader. IMO, MFF only beats FTMO with better evaluation requirements. While The 5%ers do not explicitly state the same refund type, any profits made during the evaluation stage will be 50-50, and these may or may not exceed the participation fee. I’ve passed stages 1 & 2, how long will it take for the login for the real account? Also, how long do you have to wait for the refund? Sorry OP but that's a dumb question. 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. Deloitte doesn't hand that shit out like candy because their own brand's credibility is on the line when they do. So it's been a while that I know FTMO, signed up with them at the end of 2019 not long after it launched, but failed the tests (2 100k acc tests), I then switched to trading cryptos (on personal accounts) and been quite profitable with that, and more importantly learned to trade better! On FTMO's YouTube channel, I was watching one of the videos about the process and they said in the video that you don't need to contact them because they already know your account is ready for the next step. It's a huge improvement for day traders at least. It's clearly stated that you get refunded in your first profit split. Today my payout was approved and I already received the money in my bank account (I’m still waiting for my refund). I still think FTMO is a great short term idea. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. I'm by no means bragging, I'm simply stating that FTMO is worth it and anything worth doing is hard. Got to give it to FTMO. Trust the process and don’t give up. Currently undergoing the FTMO 10k Challenge phase 1 and safe to say I'm still in it. However, the scaling is extremely slow, even if the profit split is significantly better. But for the challenge, they're faced with the same problem as before. In FTMO, the maximum daily drawdown limit allowed on a $100K account is 5% which is $5,000. It doesn’t matter how much money you make on the funded account, it can be $1 or $100. Bogleheads are passive investors who follow Jack Bogle's simple but powerful message to diversify with low-cost index funds and let compounding grow wealth. there are 50 prop firms operating as of now , but no firm can match track record . FTMO trader here! Since there was no profit split you don't get a refund. The amount of capital you get is great for easy money, given you pass and get a payout. with FTMO you can get a practise account and test fills , spreads for 14 days. You need to demonstrate your experience by sticking to Maximum Loss Rules while making the necessary simulated profits of 10% of initial balance. Just play it safe, trade well, and even if you don't make the profit goal just do the free retry. For swing traders, it's a great improvement too once they actually get the funded account. FTMO has won international awards from fucking DELOITTE for 3 or 4 years straight. Feb 16, 2021 · FTMO states they refund the fees only after the first profit split when a trader is officially trading their live account. Wow this dxtrade platform that ftmo forced US clients into is absolutely horrible. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. They have basically forced us to quit so they don't have to issue a refund. EVEN IF they can pass an FTMO challenge and provide you a funded account, YOU STILL NEED TO BE ABLE TO TRADE SUCCESSFULLY TO DO ANYTHING WITH THAT ACCOUNT. Real fuking hard. It's only double the price if you fail which shouldn't happen with free retries. As the title says. 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. I have 2 questions: 1- When have you received your account after passing the challenge? 2- When do I receive the refund for challenge & how do I receive it? Side note: I have tried 7 prop firms since last year. 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. 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. I'm not arguing the risk. Step 1 – FTMO Challenge. com We will be automatically alerted that you have passed your FTMO Challenge and we will proceed to evaluate your trading results accordingly. The 2 major drawdown periods are plain and simply my fault. The max daily loss is the thing you need to watch out for. Let's say some other trader in another part of the world also happens to trade the 5m EMA crossover strat and takes the same trade as you. If you do most of your trading on a phone it doesn't give you the option to actually see how much is at risk and the profit potential. Hello, good day everyone. In essence, less than 1 in 100 people who take a paid challenge survive until the first payout and challenge refund. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. The real question is do YOU have a consistent and profitable method? That is the real question. com, a trading forum run by professional traders. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. However, they do give you a second chance if you fail the first time. Thank you all for your best wishes. Both MFF and FTMO refund your fees if you pass. I've done challenges on both and I personally prefer FTMO. Welcome to FXGears. MFF and especially FTMO are golden. You have to be profitable to be able to make money on their As I'm wrapping up with my FTMO challenge, one thing I would like to know but cannot find any information on is once you become an FTMO trader, what happens at your monthly profit split if your account is in a slight loss but you haven't breached any of the drawdown rules during that month? Say you end the month at $199,000 on a $200k account. Same here. Anything not liked, can be discussed and amended. 8 - Win rate of 55-60%. We are a proprietary trading firm with a mission to offer world-class trading technology, exceptional 24/7 support, customer-centric challenges, and become the destination for top talent traders. The FTMO Challenge is the first step of Evaluation Process and educates you to master your trading habits. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. I'm saying to actually get the full move of trades (through news and weekends), this is a good idea. 5k Good afternoon Traders! I have successfully passed my $100K FTMO challenge. We would like to show you a description here but the site won’t allow us. Other than that, you're on the right track man. US customers passing their challenges this month can still get funded and paid? Or is FTMO issuing refunds to US customers in challenges? Ftmo support answer: We plan to honour all our commitments to our clients. If it’s your first payout you will get the refund of the initial payment of the challenge as wel. No profit split -> no refund It's logical aswell since they wouldn't be earning anything themselves if they just refunded everyone. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. FTMO on the face of it, looks like the better deal and to begin with, i. 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. Let's say you trade a tripple EMA crossover strat on the 5m. I would get a payout and my refund then use that money to fund a personal account so you have YOUR rules without risk of losing a certain amount. I over traded and just went in complete denial over the fact that I had just lost a substantial amount. Its a little strange destroying a company im currently invested (financially and time) in, but they dont want to let me go with a refund, so im going to make it a real point to ensure they lose more in potential business / damage control than the $399 and 9% profits on 50k account that they have from me. As far as I know, FTMO does not offer refunds for failing the evaluation process. FTMO has 5 stars! Check out what 13,593 people have written so far, and share your own experience. I'm a little biased though because I also trade bitcoin in addition to forex and the MFF's crypto spreads are horrendously garbage imo. If you are viewing this on the new Reddit layout, please take some time and look at our wiki (/r/step1/wiki) as it has a lot of valuable information regarding advice and approaches on taking Step 1, along with analytical statistics of study resources. Took alot of shit from other people. I passed, focusing on my risk management, not profit. As you most likely know, there is no Profit Target once your trade on an FTMO Account, however, you can take advantage of our Scaling Plan to increase your balance by meeting certain conditions. The issue here is that you see all the 'success' stories and no failure stories. 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. Our FTMO Challenge is the first step of our Evaluation Process. Now we can trade through high impact news and hold runners over the weekend if we want. Seeing a lot of videos lately of people passing FTMO challenges on Youtube. 9%) of those survive until the first payout/refund of challenge fee. as long as you don't resort to shady practises and align your trading style with them , you are good to go. After your first payout with FTMO you basically are playing with house money. In case the situation develops differently, everyone will be informed accordingly. Swing traders can go through a multi-month drawdown even with a profitable strategy, b 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. Unfortunately, a lot of people will pass the challenge & verification and fumble the actual account, meaning they’ll never get the refund. I was $5k in profit and kept my promise not to trade and to wait until my first withdrawal. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. -ftmo's business model is based on the failed challenge fees. 5-1. Full of bugs and constantly stuck in zoom in focus on some time frames. They also have a higher leverage 1:100 which is actually a decent level and offers you a faster way to rack or ruin. Even fewer percentage (0. This is in addition to FTMO and other accounts. 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. So I've been a funded trader with FTMO, which obviously means I've passed phase 1 and 2 of their challenge. Should you do this if you don't have $10k to spare? Lol, no. You get your money back with FTMO after passing and acquiring your funded acct, you’ll get it back in your first payout on the funded acct Take the pressure off yourself to get double digit returns, and focus on a nice profit + your refund, and that will give you some breathing room to focus on your trading instead of money. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. FTMO's 70/30. so let me clear things up: your trades never get placed in a real market. Let's say I took part in the $10K challenge, and met all requirements and have an ending balance of $12K, since I hit the target of $1K in 4 days. If you can't pass the FTMO challenge and require someone else to do it for you, then how do you ever expect to be profitable once you actually get a real account?. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. e first month or two, it probably is. If you pass the second evaluation, you will be eligible for a refund of your initial investment. No limit on challenges' equity size Account Mamagement Partnership 80-20 8% of account size profit per payout (FIXED) Under Refund Policy Refund Policy: Welcome to FXGears. The trading period is the same for both risk setups, and the same fee refund applies here with the first payout from your FTMO Account. Last week I shared with you how I got my first funded account with FTMO. Another point to note is that trading with own money is always better and profitable in long term. No limit on challenges' equity size Account Mamagement Partnership 80-20 8% of account size profit per payout (FIXED) Under Refund Policy Refund Policy: I used to commented on youtube about how bad the slippage and spread was on MFF so I used FTMO even though FTMO is harder. (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. I can see why they're expensive and honestly they are the best in my opinion. tjhlmv eysr wqpty hbtcfa bym tsp xila fmgy pcbyip wgxsiv