Ftmo payout proof reddit. 388K subscribers in the Forex community.

Ftmo payout proof reddit I passed, focusing on my risk management, not profit. Once I got funded live, took me about a week to hit $20k profit on the $200k account. When you are choosing a payout channel, a new option will appear, called Crypto. But in order to get it I need to pay 50$ (was reduced) . FTMO pays back the fee for the challenge Posted by u/rossquincy007 - 11 votes and 3 comments If you hit $53k, you pass challenge and now pay to move it to a funded account. Took me an average of 1. The subreddit has not kicked you out or gone private. But as far as forex/futures, I wouldn’t recommend anyone to do equity first. We then pay them millions of dollars per month from their proceeds. Posted by u/Deploratus__ - 2 votes and 4 comments 12 votes, 82 comments. 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. lost $400 twice. And when you pay for a”100k” account you are only paying 10k since if you lose 10k you’re done. In a challenge at the moment with them i took 2 days ago. Please note that your status (Natural Person, Legal Entity) will be based on the option you selected during your first order purchase, depending on Step 1 - FTMO Challenge; Step 2 - Verification; Step 3 - FTMO Account; Can I trade news? Do I have to close my positions overnight? Which instruments can I trade and what strategies am I allowed to use? 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. That's my way to secure 3k € instead of 0. A prop firm that’s legit would have no problem with the pay out. 242 votes, 229 comments. I'm risking only 0. currently 6% up but would have been a lot more. always let your initial capital come from firms which are considered tough like FTMO,5ers,CTI. Prices are relatively higher than other firms but I can't find the stats on how many traders have been funded for the year 2020 in FTMO. It’s legit. We deliver a Trade on the platform and you pay only if there is a profit. Pay about $350-400 to be tested on your trading skills and upon passing you receive up to 100k in funding and a 70/30 split of profits where you pocket 70% while they keep 30%. I talk I received a $4. It took me a month to get through both phases of the MFF evaluation, I did a $200k evaluation in two weeks but ran particularly hot for that. 9%) of those survive until the first payout/refund of challenge fee. Then our desk fee for certain software and other trading tools was around $300 a month So if you're up 4% on a $500k account, you're up $20k for the month, your profit split is around $16k, you'll pay another $3200 in taxes and $300 for your desk fee. i'm in the same boat and i can kill - but i'm also human and can get off track - i recommend thetradingfloor for a supportive community - and they offer indicators and genuinuely help. But here is the problem: is FTMO using the same business model ? Especially because they claim they use their risk management for demo accounts connected to live markets. The scam ones may pay out small amounts, but will make up every excuse on the book not to pay you big pay outs. There is always that worry in the back of your mind that this just isn’t going to work somehow, it’s not going to hit my bank account. 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. got my 1st payout (1% profit )this week on a 100k funded. I just lose the ability to get full moves because of FTMO's restrictions. 20 to 0. 10%/month like FTMO is not realistic imo. o Reddit. payout is october 8th hopefully i don’t nothing stupid till then 😁 Posted by u/bballmcd7 - 5 votes and 9 comments Is not . Dec 10, 2023 · I just started a challenge a month ago and I will share all my experiences and Payout here . I'm by no means bragging, I'm simply stating that FTMO is worth it and anything worth doing is hard. When you are choosing a payout channel, a new option will appear, called Crypto . Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. Just remember less than 10% of people pass their challenges, and if that about 2% actually take any profits whatsoever ¯(ツ)/¯ if you’re rocking through even 10 challenges for one payout that MIGHT get you to break even it is an indication this is probably a waste of your time. The whole concept is a scam and targeting your dreamer ego to keep sucking payments out of you! Please avoid and get a real account. Funded account is back at $50k and you now have to hit $52600 before hitting $47500 again in order to get a payout of $2k. ftmo. I've made 4 withdrawals since May. 35% moves in the market (before leverage) with a 2:1 RR on an intraday basis. Step 2 – Verification. If they pass, you pay. 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. Your starting account of $100k now sits at $400k as you've chosen to keep… Btw I bought funding pips challenge instead, their trading conditions are really good, it's simulated funds tho, unlike 5%ers. . Currently up $500 right now but my goal is definitely to hit 4 figures on this 2nd payout and eventually get like you with 5 figures. 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. FTMO traders are still retail traders and while i do agree the conditions are weird remember that they make money off people not passing. true. The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. You will find an option for cryptocurrency payout in your Client Area – FTMO Traders tab. This means that they can generate 10% per month on base capital = $800 payout after FTMO keeps 20%. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. I pay one time $160 for lifetime . This is my 3rd time with FTMO. - Me, a former FTMO trader MyForexFunds offers up to 600k funded, FTMO offers 400k. The website, dashboards etc are waaaaay above other forex prop firms, looking actually pro. If it’s your first payout you will get the refund of the initial payment of the challenge as wel. Assuming no blowout, in an year one would have generated $9600 or roughly the same capital FTMO is providing to you. The Reward from an FTMO Account is processed on a monthly basis by default, with the option to place a withdrawal on-demand after a period of 14 calendar days from the first placed trade on the account. Upon successful completion you can get an FTMO Account with a balance of up to $200,000. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. Aim for base hits before you think about homeruns. 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. Then the new month you start with your initial balance which is 300k. 5k Ftmo traders are far from professionals. The spreads are pretty good but in total i pay about 20% of my profits to commissions. No stress trading on live account as we don't have time limit. When it comes to trading prop firms, getting your hard-earned profits into your account quickly and smoothly is essential. firstly i already pass the 10% challange and 5% verification,,on 14 july i make about 660usd thats mean i have max daily los is 5600usd. M U. I trade on lower time frames with Oanda with the commissions options. But they do not provide any more details. 3M subscribers in the Daytrading community. Utilize the Golf Clash Discord for questions and chatter. In this video I analyse my FTMO dashboard, explain the FTMO payout process and share the trades that earned me this payo 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. Yes it's true, however the fact is most people don't belong trading using discretionary methods which is what a majority of these prop firms are teaching. They'll take a payout and some of it is put into a "jar" that goes towards high-leveraged programs. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. I’m funded with many firms and have done this due diligence before. And they don't have tat minimum 3 Profitable days to get payout rule, which is in 5%ers and sucks. Yes FTMO does payout here’s a payout from a good friend of mine who is max allocated with FTMO. Hedera is a decentralized, open-source, proof-of-stake public ledger that utilizes the leaderless, asynchronous Byzantine Fault Tolerance (aBFT) hashgraph consensus algorithm. 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. So I decided to try out FTMO. Real fuking hard. I had an 80% profit split with the firm and would pay another 20% or so in taxes. Let's say you've been trading with FTMO for a year. I then use my profits to fund my stocks/options account. He’s a private guy so I can’t share any of his recent ones but this is one from 2022 About FTMO. Provided there is some profit on the FTMO Account from the simulated trading, the Reward Day can be changed up to 3 times for each withdrawal We will be automatically alerted that you have passed your FTMO Challenge and we will proceed to evaluate your trading results accordingly. It doesn’t matter how much money you make on the funded account, it can be $1 or $100. Congratulations! It’s a great feeling. com/?affiliates What payment methods are available? You can pay for an FTMO Challenge via bank wire transfer, debit/credit card, cryptocurrencies, or Skrill. Now let’s say in 30 days of trading that account he makes 30-40% total which is $90k-$120k. I've tried another firm think it was funding made simple and they pulled my challenge after a tough week of trading (was like 3% profit though) because of some payment bs. So to them, it is a completely risk free business. FTMO Payout proof is what is needed to validate that they are genuine and will not mess traders about. 000$ . 5% per trade on live account. Payouts are processed within 1-2 business days, with a minimum profit requirement of $20 for bank transfers or $50 for crypto. Good afternoon Traders! I have successfully passed my $100K FTMO challenge. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. 000, they will payout the profit split every month or at the selected profit split date. I'm glad that shit was resolved. Nov 25, 2024 · In this video I show my payout from well known prop firm FTMO. 5%ers 20k aggressive account update its being a good week. Then, there's the other service I used to pass the challenge. I know some people who can easily make 50-70% return each month. 331K subscribers in the Forex community. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. Could you help us with your clone account size? And i really curious if you scale it up to >1-2M$, will FTMO do something with you? Thanks a lot for your answer. Why isn't there any proof of FTMO scamming people. I share my dashboard analytics and proof of payout and break down certain trades I took to secure the payout from FTMO. They hope 99 fail and they pay the 1 a little bit to keep the scam rolling. The other one they claimed was "another person" is a Walgreens I live above and the Wifi connected to it as I walked my dog. Though that FTMO extension is sweet, unlimited time limits, small targets, and faster scaling are sweeter for my strategy. my order of preference is FTMO > 5ers = CTI >FP (have experience with all firms , never had an issue with any of them) ok let me tell you this,how i got my account violated how they scam me,,i have proof. Btw: after payout, they reseted account to 100k. 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 $1387 90/10 split not available at the start first payout is some time after passing (not on demand) along with only 100% refundable challenge fee Even fewer percentage (0. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. I get to pocket the last 40%. They'll trade there normal compounded account with 0. com/?affiliates=2840 We would like to show you a description here but the site won’t allow us. Daytrading futures, forex, stocks, etc. And of those funded 50% blow the account before the first withdrawal 😂. •FTMO Swing Account: no longer need to close trades for the weekend and, once you've passed both the challenge and verification, if I recall correct they also dropped the requirement of minimum 10 trading days a month - i. Since FTMO is now gone and that’s what I was planning to use, which other prop firm(USA) is legit? I know how they work and I… That being said, ftmo recently made available extensions if you are close to the target and from day one even if you don't hit the target within 20 trading days you will get a retry anyway. About FTMO. Then after you pass you pay an additional 80$ then another 250$ when account get activated. 210 votes, 81 comments. 3 pips(its a lot for me as I'm scalping with 6-12 pips stop losses), while on FTMO my stop loss order hit with no slippage, made sure there were no news events or rollover spread too. If you read it correctly. I was recently reading up on funded Accounts like FTMO. My next prop firm would be FTMO or funded engineer. Atleast FTMO is transparent (one-time fee, that you get back if you pass, and 30% comission), and have got a He claims FTMO is a Ponzi scheme because they use the money from those who lose to pay out the accounts of those who win, ignoring the fact that even if they used all the money from all the losers, they wouldn’t be able to put together a single 100k account. lets say 1,000 people take a 100k challenge for $500 that's $500,000 in fees, now, 30 people passed and make it to 10% in profit to be paid out, that'll be $300,000. Pay yourself first as it's not your money. Let me guess, you don't have a backtested working strategy, can't manage your risk, you're overleveraging, can't handle your emotions, you're bitter and blaming FTMO/others for it. EST in order to claim your 20% off car extended warranty discount. I share my dashboard analytics and proof of payout and break down certain trades I took to sec Welcome to FXGears. Reviews and what people say about them in the social media look good. FTMO traders can request payouts starting 14 days after their first trade, with an 80% profit split, which can increase to 90% under FTMO’s Scaling Plan. Reply reply Opposite_Spinach_239 I just got slipped 4. If you pass the challenge then you'll move onto the verification. 20 votes, 56 comments. FTMO take their little slice right off the top from payouts. The maximum drawdown is the real account . After 5 winning days of $200 each day (Only 0. But i found a similar popular prop firm "Topstep" that display on their website that 5487 traders has been funded so far for the year 2020 and a total payout of 2,026,505 (updated December). 22%. Then came back to me telling me my payout has been declined because I was engaged in copy trading! Also, social proof isn’t really social proof once you dig deep into their reviews and stuff. It takes many, many years for people to learn to trade with discretionary methods because o I know ftmo has a payout date for profits. 8 trustpilot is good). The people going to SMB are retail traders. Had to wait a while to get my payout, but this is just proof that it does happen and they are a great prop funding firmhttps://ftmo. Almost close to the 600$ drawdown. Posted by u/ThePonderer84 - 2 votes and 12 comments Welcome to FXGears. No comission, spreads are okay. The proof of the accounts that they gave were that of challenge accounts. Sep 4, 2021 · I’ve passed the first challenge for the $200k account. I passed my $200k FTMO challenge a while back and am close to payout. 100k in one month. And the the account Raul used was $300k. Professionals work in institutions and do not really utilise chart patterns. com's Reddit Forex Trading Community! Here you can converse… Welcome to FXGears. Remember on ftmo you get an extension if over 5% I think it is. Go with FTMO or MFF in my opinion, they’re well proven to uphold their side of the contract. They give you any reason not to be paid out. The Verification stage is the second and final step of our Evaluation Process. 388K subscribers in the Forex community. Especially since my average holding time is 12 days. You just have swaps. FTMO or any Forex funded account for that matter, is not worth your time and doesn’t make you any money in long-term. Check them out here:https://trader. Due to regulatory reasons, bank transfers are not available for payments/withdrawals in the case of the following countries: Venezuela, Cuba, Sudan, and Ukraine. after seeing the proof, I am able to recommend them over other trader scouting services. It is a contractor position and as such, income tax. In essence, less than 1 in 100 people who take a paid challenge survive until the first payout and challenge refund. Welcome to FXGears. Aug 6, 2021 · Who has some payout proof like, I feel like some of the payout proof looks not really that legit. Once I receive a payout I’ll post a screenshot here. once you're a full FTMO Trader, you can even go on an entire month without trading at all if unforeseen They paid me an $11K payout with zero issues, so to be honest, I doubt they would sabotage you over only a grand worth of profit. This is because as part of the ftmo contract agreement that you sign when you have an account, you are providing a service to the company and thus they then pay you for said service. FTMO - I’d advise anyone to use FTMO before another firm as an overall choice, simply because they’re possibly the most established and reputable firm among the industry. I tried one of the 50. Same here. I guess time will tell as FTMO matures and more traders are funded. FTMO developed a 2-step Evaluation Process to find trading talents. 5 months per scale up. The last hope I have to come across an actual prop is this one the5ers, but must conduct my due diligence first Congrats big dawg 💪🏾 ; I have a 50k funded account too! Already got my first payout last week and my 2nd payout will be end of this week. If I understood them (because their website is all over the place), it's x$ a month, but only for v days, after which it's y$ a month, but if you pay it from your trading profits its z% off, and you will always pay 20% on what you make. If they fail, you are still out FTMO's challenge fee. I requested payout and was told I had some inconsistency violations so $1900 was deducted. I sent proof of the distance between my home and Walgreens (same building) and the Wifi connected to Walgreens with the IP Lookup proof attached. The r/GolfClash subreddit is dark from June 12th-14th in support of the Reddit Blackout Protest. But do you know the exact steps to follow for a seamless withdrawal? In this article, we will guide you through the prop firm payout process, from filling out the request form to receiving your funds. FTMO is a gateway for regular retail traders to attain capital. Now that MFF is having some issues due to their business model that involved using money from challenges to pay traders. soooo funded trading plus will do a instant payout your That being said, I was incredibly surprised when I heard this story because the5ers (alongside with FTMO, MFF, FT+) is one of the decent prop firms out there (4. 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’m working towards being maxed out with MFF then I’ll work on FTMO too. Reddit has made some changes in their billing for API calls that effect ALL of 3rd party developers that have alternate apps. FTMO’s payout policy specify that traders can withdraw profits starting 14 days after their first trade, with withdrawals available on-demand anytime between 14 and 60 days. RIGHT ?! we all get ourselves into jams and every good trader knows that losses are just a part of it. Highest payouts in the regions What is the FTMO payout policy?. I see a lot of people passing the FTMO challenge and doing their first withdrawal - very rare to see someone that is still showing their progress after 6months+. Halfway there on the second challenge. FTMO's 70/30. FTMO payout proof. Feb 24, 2022 · Have you had a payout yet? I’ve had a great experience with MFF but think it’s a good idea to have funding with multiple firms. 10 votes, 30 comments. 92% of people blow the account in phase 1, of the remaining 8% another 75% fail in phase 2. Each to their own - One person may see it as a 'flex' another as 'inspiration' Posted by u/EpikHllo - 9 votes and 27 comments Posted by u/tryui18 - No votes and 8 comments How can they afford to pay you a salary if they give you back 100% of the profits ? Another question is slippage and spread, I mainly trade indices (SPX500) with a good consistency, but my strategy aims to capture 0. Once you have 10k of your, you can trade using your own capital and keep 100%. You can withdraw your profits in Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), USD Coin (USDC on ERC20 Network) and Tether (USDT on TRC20 Network). Forex can get you a lot of money if you are patient enough to learn You can also get capitalized by companies like FTMO I’m also a ftmo trader and I really appreciate them They are paying me 70% of the profits I make and the profit split is every 30days without any issues to this day Do you have any questions about our Challenge or Verification process? You are going to find all the answers here! You can pay for an FTMO Challenge via bank wire transfer, debit/credit card, cryptocurrencies, or Skrill. Ftmo will take 10-20% of that profit and the payout you receive will be 80-90% which will make the total amount you receive around $100k. After approximately 1-2 business days, we will then send you the new account login credentials for the Verification stage. A thorough discussion regarding prop firm challenges and what it takes to pass and maintain funded accounts + Proof of my most recent FTMO payout with corres Dec 30, 2023 · Focus, first, on getting your first payout at 2 - 3% of your account so you can get paid and get your challenge fee back, THEN you can aim to add extra points each month. Drawdown was 600$. Thus, during our time on the market we have been able to create more than 138,000 FTMO Accounts for our FTMO Traders. The purpose of the Verification stage is to test your trading consistency. Also keep in mind that if you do pass and get a funded account--currently payouts (with most firms) are only allowed once every 2 weeks which means the odds are in their favor that during those 2 week intervals you will either stop trading once you have a small profit to wait for your payout (as you cant withdraw profits daily), or you will Sep 27, 2020 · In this video, I share my FTMO payout/profit split proof and withdrawal. Hello guys hope you are doing great I would like to ask you please about FTMO payout A friend of me requested a payout but they told him for some reasons ( i dont know them because he didnt tell me) they split the payout requested on 12 months. (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. Please note that your status (Natural Person, Legal Entity) will be based on the option you selected during your first order purchase, depending on Nov 3, 2021 · FTMO is demo account and just a trading tournament with a winning edge for the company. For an intraday trader though, I agree FTMO is probably a better fit since you'll be able to make better use of the free resets. Please reach out no later than 1:08 P. It is governed by a diverse, decentralized council of leading enterprises, universities, and web3 projects from around the world. They're handling my account now and take another 40%. They don’t use EightCap like many do, and systems have always been stable in terms of execution speeds, slippage etc. 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. What I'm wondering is, how does the payout for Folding@Home work? I've contributed 5400 points towards the LinusTechTips team but I don't understand if that means we will all be paid back out in banano automatically what we put in in points or if theres something else going on. But I’m still questioning if ftmo would do a full payout on such high profit. e. I take you guys through the entire process live as I create the invoice, mess up and 3 days ago · 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. Even after successfully making a profit and requesting payout. com, a trading forum run by professional traders. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. recently during fcmo when it spiked up i had a short position but oh well, shit happens. No need for FTMO. Started Monday I was already +8%this morning ,after news I deleted mt5 at +3,6% and I'll wait till payout date 😎 . So why pay them when I can trade with my own money? 380 votes, 119 comments. In this case. after i close all positions in loss the account matrix tell me i have about 200usd left max daily loss. I can tell they are . 1% risk and trade-copy to there "dispensable accounts" with 10x multiplier. I did manual trading on my own and reached the cap at $12k profit. and 7 minutes they Agreed. S. 97% of traders lose money just using their normal broker. Frauds Shit, even with a payout ratio of 3, 50% wr and 20% loss PER trade the ROR is 0. Nova funding is indeed a scam, and will make every excuse to not pay your profit split. The answer is only people who have gotten a payout know… and particularly people who have had big payouts exceeding 50-100k. 8k payout from FTMO. i'd be willing to bet they're not so great anyway. That means only 2% make it to the funded stage. Just use ftmo man I think 5%ers are legit also. com's Reddit Forex Trading Community! Here you can converse about… Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. Got my payout of $4000 denied by these guys, and the reason the give is that I had 4 trades that were highly similar to other traders. Their scaling plan of 10%/4 months is more realistic. If I blow the account (no matter how good you are, always good to keep in mind, even if empirical data suggests otherwise), then it's not a big deal because it's not a main source of income. I know, personally, north of 5 traders (who don't care to post online) who have taken out 5 figure sums from FTMO thus. 4% per day on a $50,000 Account) you would be withdrawing $500 minimum by the end of week one or week two completely regaining your ROI on the Account and then some. I still think FTMO is a great short term idea. It took me 2 days to pass the first stage, 4 days to pass the second stage. Trying out funding pips as I saw some positive reviews on reddit, if they don't give me a satisfactory reply I'm probably gonna file a Hedera is a decentralized, open-source, proof-of-stake public ledger that utilizes the leaderless, asynchronous Byzantine Fault Tolerance (aBFT) hashgraph consensus algorithm. you could try getting 100k each from 4,5 top firms too , like 100k each from FTMO,Funding pips,5ers,CTI. First payout is this week, which unfortunately will all go towards paying my taxes and bills for other shit lol. Sep 4, 2021 · I’ve passed the first challenge for the $200k account. Our records indicate that you can definitely afford to pay for an extended warranty through our company. This is similar to my first payout with them. All of this seems completely fabricated to deny me my first payout. Those who are really skilled and experienced can make very good money through FTMO without risking their own capital. My view on copy trade is different, especially because we work with it. This is where things get interesting. This just gave me motivation let’s gooooo! You initially pay for a challenge account. iidwpo abqqr hgcisee dkwo hljj pmijor rflje tfbs poxubv vuhvrf