Ftmo payout reddit. especially if they give you 100k to control, .

Ftmo payout reddit Many reviewers have shared their experiences of passing the challenge and 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. , 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 3 days ago · Here, the client should take particular care to provide all information correctly (both his own and that for FTMO) when processing the payout and subsequently in the invoice. The main rules are: Profit Split: Traders keep up to 80% of profits, or 90% if they meet the Scaling Plan requirements. Sep 1, 2023 · Welcome to FXGears. Halfway there on the second challenge. May 10, 2022 · 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 May 7, 2021 · Welcome to FXGears. Sep 28, 2022 · 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. I know some people who can easily make 50-70% return each month. I decided to hold off on paying until I understand if it’s Jul 26, 2022 · Edit1 : To clarify, set off a positive balance on ftmo funded account for another challenge instead of withdrawal Edit 2: Spoke to support and they informed during payout we can take that option to get another challenge. $10k (of 100k) actual usable capital is also not wrong. Sep 19, 2023 · Hey u/Smooth_Fly6155! 😎🚀 . I’m working towards being maxed out with MFF then I’ll work on FTMO too. 000, they will payout the profit split every month or at the selected profit split date. The main reason is rules and laws. As a general rule of thumb, many traders limit their risk per trade to 1-2% of their account balance. Don't bother with anything else. Which one gives you more money? Second is the time it takes to scale your account. I was $5k in profit and kept my promise not to trade and to wait until my first withdrawal. The refund came in a little bit sooner than my payout which was 3 days ago · 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. If you are a great trader, you can do this every 2 weeks for $80k a month. This has been a 5 year journey for me and I am finally becoming profitable as a trader. That being said, a friend told me that there is now a 30% flat tax rate for companies and that’s Dec 1, 2021 · FTMO has an established history of paying out and doing right by their traders. However when he made 90k they did not pay him out and Ftmo is ignoring his emails and support is not giving any helpful answers . I'm currently unemployed, my question is, will I have to sign off the dole? I mean I'm successfull this time but what happens if I blow up my account, I will have to sign on again or get a job. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, i risk 1% for each trade on my ftmo account, but i only do it when i have a significant buffer on my account 1 day ago · Step 1 – FTMO Challenge. My next prop firm would be FTMO or funded engineer. # 8. If you have 100k of course they will find a way to delay or even not to pay you. Only 0. May 19, 2024 · 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 Welcome to FXGears. 256/2004 Coll. And they don't have tat minimum 3 Profitable days to get payout rule, Oct 31, 2022 · The answer is only people who have gotten a payout know and particularly people who have had big payouts exceeding 50-100k. Apr 2, 2023 · The best position size and leverage for a $50,000 FTMO account will depend on your trading style and risk management strategy. the 5ers is at the top of my head but Lux Trading is there too. Have a look at their Discord and you can form your own opinion, I'm not very fond of the daily technical issues being reported by their staff and the way they seem to enjoy violating accounts. FTMO paid me out faster than I had expected (I am from South Africa so I thought it would take a little longer). Edit: Reddit moment. does not provide any of the investment services listed in the Capital Market Undertakings Act No. I've narrowed down and Apr 28, 2024 · Default Payout Ratio: By default, FTMO offers a payout ratio of 80:20, where traders receive 80% of the profits they generate. 56. # 5. Thank you all for your best wishes. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, Obviously paying and everything ? Direct me to someone with experience in coding if anybody can ! Thanks Reply reply thermonuclearstrudel Is there any difference in difficulty between a free trial account and an FTMO real account? Welcome to FXGears. so let me clear things up: your trades never get placed in a real market. com's Reddit Forex Trading Community! (the ftmo team) multiple times if i was allowed to hit the 10% target before the 10 day minimum. So i've been profitably trading for a few months now but was looking into getting a Dec 10, 2024 · I have successfully passed my FTMO Challenge, now what? After you pass all the Trading Objectives in your FTMO Challenge, you will see a notification in your Account MetriX informing you about your success, and you Aug 19, 2022 · In summary, although some people may win challenges, the probabilities are so stacked against you, there are better options out there in terms of investment, that provide a higher probability of payout when it comes to trading and trade related activities. As you most likely know, there is no Profit Aug 19, 2022 · In summary, although some people may win challenges, the probabilities are so stacked against you, there are better options out there in terms of investment, that provide a Mar 31, 2021 · Until I see multiple instances of payment proof I won’t trust a company. It doesn’t matter how much money you make on the funded account, it can be $1 or $100. We prepared a quick article to reveal some well-known as well as lesser-known statistics and figures that you might find interesting. Feb 10, 2024 · Welcome to FXGears. Others are saying they got their accounts immediately or within about a day while I'm left in the dark for 3+ days. - To be with other like-minded forex Oct 25, 2023 · Welcome to FXGears. Proprietary trading firms utilize simulated markets to train or evaluate traders. It's important to keep in mind that while leverage can increase your potential profits, it also increases your potential losses. If they fail, you are still out FTMO's challenge fee. # 3. Open comment Feb 2, 2023 · If it’s your first payout you will get the refund of the initial payment of the challenge as wel. 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. P/L Porn Locked post. Then if you lose to any of the parameters, you don't lose all of your money, only 5% or 10% of it. I have no time to mess with that as I am running 300k with FTMO. o. You can meet all their goals but if you don't pass the interview, you can't get to the top. I'm planning to get 100k usd funded account since yun ung talagang pinractice ko. 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 Dec 31, 2023 · Funded FTMO Prop Firms Just recently funded, any tips or advice? First payout upvotes Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in May 11, 2022 · Welcome to FXGears. You then get the 20 funded accounts to $52,600 in 10 days and take a payout of $2,000 from each account in one shot for $40K. Since the challenge resets you can use all that risk you have accumulated and start making larger trades to pass the challenge the closer you get to running out of time. 4 Favorable Payout Ratios: Initially, you get an 80/20 payout ratio, with an easy transition to a more beneficial 90/10 ratio. I have come along way! Please share your experience with trading or even FTMO :) Jun 30, 2022 · Trade the trial FTMO and pass it 3 times in a row. I have gotten funded three times with FTMO before but this is the longest it took for me to pass the challenge this time around. May 20, 2022 · MyForexFunds offers up to 600k funded, FTMO offers 400k. 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! How long did it take for your first FTMO payout to get credited after withdrawing it? Apr 12, 2023 · READ THE RULES BEFORE POSTING USMLE Step 1 is the first national board exam all United States medical students must take before graduating medical school. I get to pocket the last 40%. As you all know, both FTMO and MFF are the most famous prop firms. You can bounce back and continue trading. Aug 1, 2023 · I was expecting a profit split from FTMO via bank wire, Welcome to FXGears. This is because they are solely making money from fees and copying/sending your trades to the market. To ensure you will not be stressed by chasing any targets, we have completely removed the Profit Target requirement to give you the Sep 21, 2023 · It could just be that they grew too fast and now they can't keep up with everything, as I've seen that happen when a company grows too fast. Sep 2, 2023 · I’ve been trading with decent results for a few years, but I’ve never used a Prop Firm before. Sounds like you want quick money. Dec 4, 2021 · Welcome to FXGears. Just received this email this morning from FTMO support. My friend had a payout from Ftmo for 20k they did pay him out. I'd recommend 5%ers. FTMO companies do not act as a May 8, 2021 · While it is exciting to see the amount of FTMO passing going on, View community ranking In the Top 1% of largest communities on Reddit. They make money solely on people not passing. Apr 28, 2024 · Default Payout Ratio: By default, FTMO offers a payout ratio of 80:20, where traders receive 80% of the profits they generate. So you are paying €155 for the possibility of only getting access to at most $1,000. Apr 9, 2022 · I agree with your comment, unless you can afford paying for retries maybe look for a prop firm with no time limit. I decided to hold off on paying until I understand if it’s Jul 6, 2022 · One person I know says that FTMO is a scam and trading options All of these companies when they talk about the payout, if you look into it, Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about trading ideas, i was thinking about starting a 30 day challenge anyway here on reddit, but yeah this ftmo seems like a no brainer deal then. 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 To be honest. Getting my first payout this week 🙏 3. Payouts can be requested after just 14 days from the first trade, providing flexibility and quick access to earnings. FTMO isnt a scam. # 4. Looked into topstep and for me what I'm paying for is the challenge itself, and I'm happy to pay it. Thanks for reading this FTMO review. Look at prop firms with Longer time limits to achieve profit goal. They'll take a payout and some of it is put into a "jar" that goes towards high-leveraged programs. They are ok with paying out those 0. Sep 28, 2023 · FTMO is a renowned proprietary trading firm that specializes in offering funded accounts to skilled and aspiring forex traders. I still think FTMO is a great short term idea. Jul 21, 2023 · 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 Jul 19, 2022 · FTMO Forex Trading Community was created with the following intentions Get the Reddit app Scan this QR code to download the app now. This is where things get interesting. Welcome to FXGears. They are a hope based subscription service, as such they hate profitable traders and will do what they can to ensure you never meet payout reqs. 1 day ago · FTMO developed a unique Evaluation Process for traders, consisting of an FTMO Challenge and a Verification, specifically tailored to discover trading talents. Its a money printing machine on the biz side plus you can piggyback/sell the gem traders. Should I go for it na ba? The only hesistation for me in mind is yung money na idedeposit ko for the real challenge lol. Sep 19, 2021 · 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! And when you pay for a”100k” account you are only paying 10k since if you lose 10k you’re done. From MFF side, it was fast. If you had a prop firm, using failed challenges to payout early traders would make sense, but if you see that I've been It says right on their websites that the5ers charge $4 per lot, FTMO charges $3 per lot, and Jan 15, 2022 · If you’re referring to FTMO, minimum trading days is 10 days for challenge phase & then another 10 days for the evaluation phase. The beginning of FREEDOM. FTMO has been around for a while so they'll likely have most things already in place to make sure you won't have any problems with something as, well essential, as making sure you receive your payout. I learned a lot in the past months, backtested Dec 30, 2023 · "When you pass the phase 2 of the Challenge, will FTMO pay you the refund OR will they only pay your refund when you achieve your first payout?" You get your challenge fee back AFTER your FIRST payout. This is basically impossible in ftmo due to their spread. Reply reply Apr 12, 2023 · READ THE RULES BEFORE POSTING USMLE Step 1 is the first national board exam all United States medical students must take before graduating medical school. e. FTMO has been around for a long time now, and they are a well-established company who had been giving their clients with payout if they haven't violated any objectives. I don't know which prop firm this is, but FTMO has the highest entry barrier as far as I know (10% profit in a month). 39. This data is not surprising, how could a company afford to pay someone 90% to 100%(Apexfunding) of profits generated from a sim account unless the vast majority of aspiring traders weren’t donators to the cause. At my current firm I simply put in capital and get 20-25x leverage to trade with profit split. In Asia, Quang from Vietnam was the most successful, My process with doing my challenge with FTMO was great. The point is you have no idea if and when FTMO will copy your trades. After getting funded I ignored the trading plan and my psychology was in shambles. For your lot sizes are inconsistent, it reflects you trading plan and everything we can't see from that screenshot. Nov 15, 2021 · You're basically paying them for the privilege of trading with rules. Let’s look at all details. # 1. One firm MFF it’s been said doesn’t like to Welcome to FXGears. Stop paying for challenges if you're consistently failing. After that you’ll have to wait 30 days for your first payout , I believe you can get if after two weeks not sure thought but even with that that’s still minimum 34 days or 50 until a payout . /FTMO Evaluation US s. Upon completing the Evaluation Process, traders are May 31, 2021 · Welcome to FXGears. . com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, Now that FTMO have removed the max delay to achieve the goal, Getting my first payout this week 🙏 3. What tax will I have to pay on the money I get from ftmo. Trader Raymond: “Show profitability in Aug 15, 2022 · Made 19k in my first month from a 1k starting account trading ES on ninjatrader. A potentially useful tool IF you can get the money, but imo you need to take that to a personal account. FTMO is not just a company but a community where traders from diverse backgrounds and skill levels come together, united by a common goal – Aug 25, 2022 · Ftmo has some insane spreads, even at peak times. Oct 2, 2021 · Hi I'm about to get my first payment from ftmo after successfully passing all the challenges. An Overview of FTMO Payout Structure. I’ve passed the first challenge for the $200k account. Am I gonna get suspended in the future? I'm almost through the 200k challenge and my consistency is looking promising. Jun 18, 2023 · Welcome to FXGears. They’re worried the daily drawdown limit generated by the account balance will be negatively effected by drawdown of an open trade that’s in profit. 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 Dec 1, 2021 · FTMO has an established history of paying out and doing right by their traders. " Still need to pay 155 Euro. FTMO take their little slice right off the top from payouts. com's Reddit Forex Trading Community! Here you can converse I cleared my first FTMO challenge in 1. Reply reply Please guys 2FA your FTMO accounts to prevent it from being hacked. Sep 28, 2023 · Hello! I already passed ftmo demo trial for 14 days for 3 times already. This is my 3rd time with FTMO. Jan 6, 2024 · Grateful to have EARNED and RECEIVED my 1st FTMO payout - EVER - after having failed 5+ challenges over the last 3 years. In this first table, we compare the year where each prop firm was founded, where their offices 3 days ago · You will find an option for cryptocurrency payout in your Client Area – FTMO Traders tab. Unrealized profit will not count towards the drawdown during a pullback. These products include the Loopring Wallet app, an Ethereum L1 & L2 social recovery smart wallet, the Loopring Layer2 Decentralized Exchange (DEX), a non-custodial orderbook & AMM-based zkRollup L2 DEX, and the Loopring L2 Relayer. MFF's drawdown limits are based on account equity as opposed to account balance. This is already a generous profit-sharing model compared to many other trading platforms. Jan 5, 2024 · Welcome to FXGears. 3 days ago · In Europe, Axel from Belgium took the biggest payout of $110,252. The scam ones may pay out small amounts, but will make up every excuse on the book not to pay you big pay outs. Now let's assume you makes 10% profit/4 months Jul 6, 2022 · One person I know says that FTMO is a scam and trading options All of these companies when they talk about the payout, if you look into it, Welcome to FXGears. Mar 19, 2022 · The amount of capital you get is great for easy money, given you pass and get a payout. Once I receive a I traded the demo account on FTMO with 40k for 2 weeks and reached 20% and also passed all the rules, for me its time for a real challenge. once you're a full FTMO Trader, you can even go on an entire month without trading at all if unforeseen cir11cum1stances arise, you With my prop firm it’s 7 trading days to pass the test, and only 10 trading days to get the first payout, and you can get 2k worth of payout twice per week (50k acc, 4K per month for first 3 months) until it becomes no max limit on the 4th month. We’ll go into great detail on FTMO Apr 28, 2024 · FTMO has received lots of positive reviews that praise FTMO for their professionalism, transparency, customer service, and payout process. I get my payouts every time and have never had a problem. It looks like a giant case of if something is too good to Feb 12, 2024 · Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, Since FTMO is now gone and that’s what I was planning to use, Welcome to FXGears. 3 days ago · What payment methods are available? Do we charge any other fees? Are the fees recurrent? I paid for my FTMO Challenge, when will I get the account? Why is there a fee? 2 days ago · Overview of currently most profitable active FTMO Accounts. r. S. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. I'd 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 There’s a lot of reasons prop firms deny payout. # 9. Then using the profits to go for 400-600k MFF + whatever other ones you scan scrap together and have a copy-trader system setup to mimic 2 days ago · FTMO only provides services of simulated trading and educational tools for traders. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! "Please note that Free Trials don’t give you any eligibility to automatically secure your FTMO Account. May 11, 2022 · Welcome to FXGears. Today my payout was approved and I already received the money in my bank account (I’m still waiting for my refund). Feb 10, 2024 · Yes FTMO does payout here’s a payout from a good friend of mine who is max allocated with FTMO. com's Reddit Forex Trading Community! Your own prop firm No, but seriously why do you need a “fast” paying prop firm, it should be looking at quality. Dec 6, 2021 · Yes thats exactly it. It is [] 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. The time limit really factors in a lot of luck to you passing the challenge in most cases because you can't predict the future. Firstly, let's talk about FTMO. Aug 15, 2022 · Made 19k in my first month from a 1k starting account trading ES on ninjatrader. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Also keep in mind that on Funding Talent you have the option if biweekly payouts unlike FTMO where you have 1 payout per month. Due to regulatory reasons, Dec 10, 2023 · I just started a challenge a month ago and I will share all my experiences and Payout here . Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. But I realized in the end that if I do passed the challenge, then it's a free to use capital for me as I got my challenge fee back. I've been reviewing my trades. God bless anyone who can do this as they are probably NOT on reddit Aug 17, 2023 · Welcome to FXGears. Can you share your experience? Withdrawal process with diff payout Jun 7, 2023 · I gave up on prop firms, my take is that it is IMPOSSIBLE to be long term profitable, even when you get funded, you are bound to blow that account at some point (MFF has stated that only 5 traders has reached their 8th payout on the same account) and you will use profits to buy bigger accounts in which most you will fail, it's a repeated cycle of wasting time and May 11, 2020 · I have tried the FTMO challenge a few days and got a very bad and unfair experience. 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 $3. So for example you risk very small and only make it halfway to the target and you have a week left. Anything not liked, can be discussed and amended. I am so hyped and a post like this motivates me a lot. Then, there's the other service I used to pass the challenge. Renewal is like hitting the 'refresh' button on your trading journey with FTMO. Very happy with myself and my progress, especially that I started trading less than a year ago. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in Aug 23, 2023 · Welcome to FXGears. 5 Cheap (not so expensive) challenges in which a 50K exam for 250$ with a coupon code. Keep the prop accs if you like but it’s good to not need the payout if they screw your. When you get to the higher levels they give you 100% payout ratio. People say that is why you never hear about anyone making it to a salaried position with them. Jul 28, 2023 · This means that they can generate 10% per month on base capital = $800 payout after FTMO keeps 20%. 2 days ago · 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, #1 on leaderboard right now on ftmo for $25k funded account. Try to have less payouts and few good prop firm accounts . The way EVERY human being should live. People unironically think that just having an FTMO-sized account means you'll make more money because more money appears to be present, but that couldn't be farther from the truth, *especially* if you trade on an MT4/MT5 broker that allows for crypto (on the weekends, no less). So the default payout ratio for all FTMO Traders is 80:20; nevertheless, New News is They do not consider an 80 percent share to be acceptable. In this case. I was just about to buy an FTMO challenge then I found out that MFF had been taken down. That money could have been better in a personal account where you aim to make 10%. These platforms provide access to live market data, enabling traders to practice their strategies, test new methods, or familiarize themselves with trading tools and platforms in a risk-free setting. Share Oct 2, 2021 · Hi I'm about to get my first payment from ftmo after successfully passing all the challenges. Then the new month you start with your initial balance which is 300k. Do your FTMO follow ups . # 2. No need for FTMO. Share May 31, 2023 · Welcome to FXGears. My first ever payout! Jun 12, 2022 · 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. # 7. Despite it's CFD, you don't have the issues of future prop firms like contracts limitation, trailing drawdown, performance day conditions, no refund the FTMO spread is acceptable for day trading especially during NY session for Btw I bought funding pips challenge instead, their trading conditions are really good, it's simulated funds tho, unlike 5%ers. especially if they give you 100k to control, My first ever payout! May 24, 2022 · It applies to the balance. They publish the numbers and most fail the first or second stage (free money) then after even the funded will lose the account within a few months. FTMO actually Welcome to FXGears. New comments cannot be posted. View community ranking In the Top 20% of largest communities on Reddit. # 6. 3 days ago · Step 3 – FTMO Account. I would love to see other stats like average duration of a funded account to guess what kind of risk window the company is assuming in running this I don't believe in pass the challenge kind of prop firms like FTMO, Topstep etc. com's Reddit Forex Trading Community! Here you can converse about trading ideas Just wondering how any funded traders on here deal with the news rule on Sep 11, 2020 · 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. A prop firm that’s legit would have no problem with the pay out. To ensure you will not be stressed by chasing any targets, we have completely removed the Profit Target requirement to give you the Oct 27, 2022 · My guess why it is so low: reaching payout means having to pass three quite high tests in a row, obviously somewhere along that line almost everyone stumbles. But it doesn’t stop here. Mar 18, 2023 · Good afternoon Traders! I have successfully passed my $100K FTMO challenge. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, Third time being funded on Ftmo Most likely not going to trade on account anymore until I get a payout P/L Porn Locked post. Here’s a summary of the main points: Profit Split: The standard profit split is 80%, which can increase to 90% under FTMO’s Scaling Plan if criteria are met. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, FTMO Evaluation Global s. To TRAVEL the world, explore, true financial AND time independence. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, It’s a feature of ftmo I think they need to address to Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, My first ever payout! Jul 23, 2021 · I think most people would know that by now but no one really cares as long everyone profit from it in the end, except the lost challenges. Once you have 10k of your, you can trade using your own capital and keep 100%. the next day it took you 42 lots to get double that. we're just providing our services to some foreign company and they're paying us. Won't be taking anymore trades until payout. 24% of people who pass. Jun 14, 2023 · Welcome to FXGears. Only the registered users can see the full leaderboard in their Client Nov 4, 2022 · The scaling is quite slow though right? It would take 8 years to scale a 10k account to $2M if you managed to scale every 4 months without missing a single month. Feb 23, 2023 · Welcome to FXGears. But the more people pass and get payout the less Nov 6, 2021 · Honestly I would talk to a professional, the tax system is so complicated in France that it is probably worth paying someone for good advices. Took a 9k payout thinking I'd just roll on a 10k account and I ended up whipsawing all over the place before bombing a 6k drawdown day and taking a big step back. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, It’s a feature of ftmo I think they need to address to change it to 5% of the days starting balance! My first ever payout! Welcome to FXGears. Nov 5, 2022 · Legit, sure. 3 days ago · Here, the client should take particular care to provide all information correctly (both his own and that for FTMO) when processing the payout and subsequently in the invoice. sometimes accidentally placing the same stop losses. That being said, I want to be looking ahead and make sure to minimize my taxes and maximize my gains. Sort by: Best. Oct 13, 2023 · Welcome to FXGears. 5 days for their challenge and The probability that you pass, & get to a payout is very low, even then, the time it takes to actually complete a challenge (month or two), how much money could you Dec 12, 2023 · They operate their products atop an Ethereum zkRollup Layer2 Exchange & Payment Protocol (v3), the Loopring Protocol. I was in gain and their metrics were telling that I failed the max daily while at the same time I was in gains of over 1k. com's Reddit Forex Trading Community! Here you can Not entirely true. But as far as forex/futures, I wouldn’t 6 days ago · Please bear in mind that you are solely responsible and liable for the payment of any and all taxes, levies, or fees that apply to you in relation to the FTMO Account Agreement under the applicable laws and regulations. First 25,000$ of profits completely mine. Jan 3, 2024 · Welcome to FXGears. If your topic is related to anything about trading in Nepali stock market, Feb 26, 2021 · Welcome to FXGears. I felt cheated and disappointed. When you meet the Nov 3, 2021 · seems like you guys have not understood how ftmo works. Their evaluation phase is the same with tighter drawdowns on daily limits and overall loss. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Ask me how I've done challenges on both and I personally prefer FTMO. I then use my profits to fund my stocks/options account. Jan 14, 2021 · Hi everyone, I am about to finish up the verification process with FTMO on the $25K account. But only a few in this world ever can. I'm a little biased though because I also trade bitcoin in addition to forex and the MFF's crypto spreads are horrendously garbage What few realize is that most of these prop firms claim to give you say $100,000 account but they are actually giving you a small account with leverage that equals $100,000. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. He’s a private guy so I can’t share any of his recent ones but this is one from 2022 r/Forex • Jan 13, 2022 · So to them, it is a completely risk free business. They're handling my account now and take another 40%. 2M? Plus you start making money instantly, with FTMO it can almost be a whole Q before you even see a penny. com's Reddit Forex Trading Community! 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. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, Feb 6, 2024 · MFF has the option of crypto payout (you can transfer to binance wallet i believe but havent tried it) or local bank via Riseworks. They'll Jun 19, 2024 · Anyone who says all prop firms are a scam just can’t manage risk for nothing, I’ve passed more prop firm challenges than I can count and have received a hefty amount of 2 days ago · What is the FTMO payout policy?. When you become an FTMO Trader, we already know that we can trust your trading skills and abilities to manage risk properly and therefore, we will provide you with top-rated trading conditions in the industry. Edit 2: Perhaps this will clarify what I mean. Ive been with them for 2 years. None of these people read past the title lol. I'm not a funded trader and I'm not sure what Funding Talent's spreads are for instance in comparison to FTMO's broker. If your topic is related to anything about trading in Nepali stock market, Sep 17, 2022 · Welcome to FXGears. Payout Schedule: Payouts can be requested every 14 days, up to 60 days after the first trade. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, so i opted to send from FTMO to Wise and use Wise Debit Card to purchase stuff and when i have a big payment, Welcome to FXGears. 2 days ago · What is the FTMO payout policy?. FTMO only lets you trade CFDs, which is illegal in the U. The programme has two main levels that you can achieve, with the possibility of even reaching the third level. No prop firm company wants you to pass. so does anyone know if trading forex with their capital is legal for an Indian citizen and we're not violating any fema or rbi rules . P. com's Jul 22, 2021 · Welcome to FXGears. I would get a payout and my refund then use that money to fund a personal account FTMO payout structure, which specifies how traders can withdraw their earnings, is a key component of what makes trading with FTMO so alluring. Aug 12, 2024 · FTMO offers traders a payout of 80% of their profits, with the potential to increase this to 90% through their automatic scaling system. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in Jun 14, 2022 · I know of a few people who compound with infinite time programs. better than FTMO or any other ones, Feb 9, 2023 · 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. When you are choosing a payout channel, a new option will appear, called Crypto . I agree that MFF is better in most respects compared to FTMO. The only reason you should Jun 6, 2022 · Ment looks a little bit more strict than ftmo. FTMO should at least send a follow-up email after the payout has processed on what to expect next for the next month. Profit Split: FTMO is a profit-sharing organization. Mar 3, 2024 · Savings are hard to come by because FTMO doesn't give them out very often. However, they do have one drawback that may be a dealbreaker for many. 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! Jun 18, 2021 · Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, Jan 14, 2024 · I passed my $200k FTMO challenge a while back and am close to payout. In the Client Area, the client has the option to fill out a template that makes invoicing much easier. However, more experienced traders, including our new FTMO Traders, know very well that patience and mental well-being are among the most important weapons of those who are successful in the long-term. Whoever came up with FTMO, you are a business genius. 5 and 2. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, Has anyone else had this issue where they can’t purchase an FTMO funded account through M&T? If so, how were you guys able to solve it. May 11, 2020 · I have tried the FTMO challenge a few days and got a very bad and unfair experience. Personally I think it's bullshit. Sep 4, 2023 · 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. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, Feb 11, 2023 · You can find plenty of payout proof for FTMO, MFF, TFTP and others. If we go to the minimal FTMO challenge that is marketed as a "$10K" account the daily loss limit is $500 and total loss limit is $1,000 and the fee they charge is €155 for a $10K account challenge. In the Oceania region, Adrian from Australia had the highest payout of $87,690. Our FTMO Challenge is the first step of our Evaluation Process. Sep 1, 2023 · Now that MFF is having some issues due to their business model that involved using money from challenges to pay traders. Both have their benefits and both have their drawbacks. does anyone have knowledge about it Jul 22, 2021 · Welcome to FXGears. the best prop firm is still the same: FTMO i received my payout with quick international transfer within 3 hours to my bank account. Overall I'd say mentfunding is for serious daytraders. Very happy with 3 days ago · 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. It means you're getting another shot at conquering the challenge and reaching the profit target. 3 days ago · Welcome to FTMO's Premium Programme, where elite traders gain access to exceptional benefits and rewards. Jul 31, 2020 · Same here. Assuming no blowout, in an year one would have generated $9600 or roughly the same capital FTMO is providing to you. He’s a private guy so I can’t share any of his recent ones but this is one from 2022 Prop Firms Share View community ranking In the Top 1% of largest communities on Reddit FTMO Payout Bounce Back I know ftmo has a payout date for profits. Firstly, I found my Welcome to FXGears. Keep in mind if you're trying to save a buck going with MFF the fees are the same with basically everyone, zero, if you pass. They also have payout info for USD accounts that amounted to Aug 15, 2022 · FTMO Profit Split, Payout and Withdraw Information. Most people are not profitable, most people definitely have a hard time pulling 10% in a month wo breaking sound risk management practiced which is But as you can see here on reddit most of them claims that FTMO is the most expensive among all. This means if you are up 5% on a trade, move the stop loss to break even, and the trade comes back to stop you out at break even, you would have Aug 10, 2022 · If this is the way it is, okay. which are designed for you to keep paying their subscriptions. 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. For FTMO, the two trials involve more luck that normal Nov 9, 2024 · FTMO’s withdrawal/payout rules govern how traders can access their profits from funded accounts. Established in 2014, it has its headquarters nestled in the vibrant city of Prague, Czech Republic. Aug 22, 2021 · Don't do FTMO. I tried to see how it goes via Riseworks, so I requested the payout there. On-Demand Payouts: FTMO Traders can request payouts on demand, and these can be processed after just 14 days. 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. Sep 4, 2021 · anyone here successfully received a payout from FTMO? title. Braking rules for one but in some cases they just don’t want to pay and will just make up a reason. You 3 days ago · How much is the FTMO payout? The FTMO payout profit split starts at 80:20. In this article, we’ll be comparing two prop firms, FTMO and FundedNext. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, How long did it take for your first FTMO payout to get credited after withdrawing it? Questions Share Add a Comment. Something about this company is really off putting. 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's business model is based on the Dec 10, 2024 · What payment methods are available? You can pay for an FTMO Challenge via bank wire transfer, debit/credit card, cryptocurrencies, or Skrill. 3% of people pass the challenges, which is in line with reality. 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. Soft breach is when you momentarily dip below the allowed loss limit, but don't worry, it's not game over!. But they do not provide any more details. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. A prop firm that’s legit would have no Jan 27, 2022 · Are FTMO traders required to tax their income? When traders sign the official contract to become FTMO traders, they are eligible to receive up to ninety percent (90%) of Aug 28, 2022 · FTMO offers 90% payout for 2M. Jan 14, 2024 · 3% of account size profit per payout (FIXED) Under Refund Policy Contract Offer: 5000 USD (one-time fee) Accept challenges in any drawdown Sign a contract before hire. Old is Gold. They don't have to scam. Sep 11, 2020 · 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. 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. This quick access to 3 days ago · Many traders feel psychological stress at some stages of the Evaluation process and losing trades can be very disappointing. This quick access to 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. 5k Sep 18, 2022 · Go to FTMO_Forex_Trading r/FTMO_Forex_Trading • by rossquincy007. They will pay if you pass but they they don't like people passing (except for marketing). Got another payout on the way for another $1k+. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, May 31, 2021 · Welcome to FXGears. I am not funded with them and only know about the interview from Reddit. If they pass, you pay. 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). Searching for it online is a waste of time. I just passed the free portion and am considering paying for the full challenge. 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! -FTMO -MyForexFunds -ApexTrading (emphasis on futures) -MyFundedFX Dec 10, 2020 · Welcome to FXGears. FTMO processes payouts within 1-2 business days, Oct 31, 2022 · The answer is only people who have gotten a payout know and particularly people who have had big payouts exceeding 50-100k. But I’m still questioning if ftmo would do a full payout on such high profit. 😕 Customers from the US are no longer welcome. # 10. The Profit Split Day can be changed up to 3 times for each withdrawal, anytime between 14 days and 60 days from the Nov 14, 2023 · Welcome to FXGears. Jul 13, 2023 · Last week I shared with you how I got my first funded account with FTMO. com, a trading forum run by professional traders. You're far better just buying two 200ks, merging for 400k. Jun 21, 2022 · They operate their products atop an Ethereum zkRollup Layer2 Exchange & Payment Protocol (v3), the Loopring Protocol. I blew two of them after just one payout from each, and one of them I couldn't make a profit before losing it eventually. Potentially yes, but if you end the challenge phase in profit even if you don't hit the target you get a free retry. 2 days ago · 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, anytime between 14 days and 60 days from the start of trading. Oct 27, 2021 · Welcome to FXGears. FTMO’s payout policy specify that traders can withdraw profits starting 14 days after their first trade, with withdrawals available on-demand Dec 8, 2020 · This question is specifically for people who know about UK tax and prop firm trading. Their payout is 75% which isn't too bad. com's Reddit Forex Trading Community! Yes FTMO does payout here’s a payout from a good friend of mine who is max allocated with FTMO. Aug 3, 2023 · After passing both phases of the account challenge what are the requirements to actually receive your first payout and how long does it take to receive? I’m aware some of the other firms have a required amount of trading days as well as a 30 day minimum before you can actually be eligible for a withdrawal, what’s FTMO’s stand point on this. Mar 27, 2022 · FTMO pays out there traders, yes it's true that they make a lot of money from failed challenges but the reality is it would be strange if they didn't. Mar 3, 2021 · And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. 6 days ago · The beginning of a new year marks a perfect time to look back and evaluate what has been done in the past year and what can be improved in the upcoming one. So Now they will boost the balance of your FTMO Account by 25% if Jul 15, 2021 · •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. Welcome to NepalStock, a sub-reddit dedicated to investment, trading, Nepali capital market, research, technical & fundamental analyses. Good, eh. You get 80%, and the firm keeps the remaining 20%. Things that helped me pass my FTMO challenge, verification, funding and payout . No limit on challenges' equity size Account Mamagement Partnership 80-20 8% of account size profit per payout (FIXED) Jun 16, 2023 · You can take a look at The5ers tiered payout as an example. Jul 29, 2021 · 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. Apr 25, 2023 · I have 2 ftmo challenges under the same account and I've been scalping on both accounts placing similar trades a minute or less apart but with different stop losses. I got my payout in about 24 hours and it was already in Riseworks by then. FTMO payout stystem has been devised with traders in mind, offering a clear understanding of profit distribution and withdrawal frequency. So it all depends, I think getting funded is a good idea if YOUR STYLE suits the rules. And they don't have tat minimum 3 Profitable days to get payout rule, which is in 5%ers and sucks. FTMO's 70/30. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I’m proud of Btw I bought funding pips challenge instead, their trading conditions are really good, it's simulated funds tho, unlike 5%ers. The Profit Split on the FTMO Account is done on a monthly basis by default, with the option to place a payout on-demand after a period of 14 calendar days from the first placed trade on the account. First Trader ever in the history of ftmo that will receive $1m 🤯 7 fig payout Archived post. Ex- would you rather have 70% of 400K or 50% of 1. 24% pass and get payout (MyForexFunds statistics). com's Reddit Forex Trading Community! 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. 1 lot gave you almost 500. 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 Mar 12, 2024 · 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. To ensure you will not be stressed by chasing any targets, we have completely removed the Profit Target requirement to give you the Sep 22, 2023 · I wanted to share a few game-changing tips that helped me conquer the FTMO challenge. This isn’t a problem in higher time frames, however the way I make money is scalping a few minutes. Lower payout but higher capitol management limit which turns to be better. Feb 7, 2022 · prop firms like ftmo,mff allow traders to trade with them globally. As you most likely know, there is no Profit Target once your trade on an FTMO Account, 2 days ago · 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. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, Lol they hated on my payout and said I was on demo as well 🤣🤣 Mar 28, 2022 · 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 Ftmo is the best paying fund. Dec 31, 2022 · Scroll down for a Short Summary. An outline of the essential elements of the FTMO payout system is provided below: 1. even if it's just a simulation. iecvtb mhbp mfkqauk cgrqq nhmfo qbkem dvcg lrbggk yoqsb lhhlv