Ftmo commission reddit Do my statements make sense? If yes, why would anyone not go for a swing account? Traders can access up-to-the-minute spread and commission information directly through FTMO’s official page: Live Spreads and Commission Details at FTMO. FTMO challenges may cost more but their commission rates are far less. Then tick "spread" in "columns". There isn’t a straight answer because it depends on trading style and risk. 74 votes, 117 comments. Meaning if they are able to trade the fictitious capital in a way that is profitable, proving their skills and the value of data provided in the process, they will Dec 16, 2024 · FTMO Review FTMO processes millions of trades monthly and paid out $75 million in 2023, with an average payout processing time of just one day. 5k Welcome to FXGears. They don’t use EightCap like many do, and systems have always been stable in terms of execution speeds, slippage etc. So far so good, but I got there in 8 trading days instead of the minimum of 10 trading days. Immediately buy 45 lots on your FTMO account. 383K subscribers in the Forex community. I still think FTMO is a great short term idea. The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. Profit target 6% Max DD 10% Max Daily DD 5% Pretty much 0 spread 0 commissions 80-90 split Scaling Is there a reason for this? Took me an average of 1. FTMO has a better profit split (70-30) than The 5%ers’ 50-50. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. Swing traders can go through a multi-month drawdown even with a profitable strategy, b AMP is a digital collateral token that offers instant, verifiable collateralization for value transfer. Also, when your funded you trade on a live account without slippage. Use VPN and bypass those idiots. 4. I have screenshots of my p/l. reddit's new API changes kill third party apps that offer accessibility features, mod tools, and other features not found in the first party app. They just seem to offer a better deal overall. FTMO basically, made a two-step process to check out your trading performance. but not as tight as ICMarkets or some similar. Bro I’m the same. Edit pdf's and place your name, you won't last much on ftmo anyways, so at least get your fee back and some money on the payout and give up on prop firm trading before going bankrupt Reply reply 242 votes, 229 comments. It is recommended because it is trusted. We don't have the greatest choices here stateside compared to those living in Europe. Feb 16, 2021 · Even though FTMO is only slightly pricier than The 5%ers, it has a much more flexible drawdown (10% for the normal and 20% for the aggressive packages). Equity CFDs have a commission of 0. The offered technical solution for the FTMO platforms and data feed is powered by liquidity providers. I've done challenges on both and I personally prefer FTMO. 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. But for the challenge, they're faced with the same problem as before. Practical Definition A Point in a practical definition is a unit […] This Reddit post is mostly an invitation to leave your own unbiased City Traders Imperium review. So you pay $3 if you trade 1 lot. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. Btw the indices are excellent with FTMO because there is no commission. 1 years of experience in the fx , I have run my expert advisor and the results of the last year were achieved by risking approximately 1% per trade on my FTMO demo account. Trying too hard and studying too hard has diminishing returns and is counterproductive. Meanwhile I’ve also been running two challenges with ftmo. Yeah the commission is fr that bad. Ftmo has extremely bad slippage. With TFF’s $7 commission, let’s not forget MFF deliberately used their commissions (and slippage) to take some away from the trader’s overall profits. 5% and jpy is -. For swing traders, it's a great improvement too once they actually get the funded account. Took alot of shit from other people. Welcome to FXGears. If you pass it, you get funded. FTMO is legit but definitely avoid non reputable too good to be true prop firms and look at the broker they use too…that doesn’t mean I haven’t ‘wasted’ literally thousands upon thousands on challenges with ftmo. But FTMO showed -40 for the day Hi folks, are there any FTMO traders here that know if I can use iC Markets cTrader when doing the month trading challenge? I’ve been doing the trial for it on purple trading mt4 now for a while but iC cTrader is a much better option for me with its tighter spreads and lower commission rates. However, after market hours, it’s volume is fairly low, spreads aren’t great, and it is less predictable. Hi guys, Hope all is well. I was thinking of getting the hell out of here since my wife is Romanian, or at least open a bank account there (or any other country for you like For those experienced. 5 months per scale up. If you’re net negative carry trading, expect to lose long term. In this article, we will discuss the difference between Points, Pips, and Ticks. 5 USD/lot, Cryptocurrencies were $14/lot and XAUUSDm was $0. . 04, 160, 240, 40, 80, 40. com, a trading forum run by professional traders. Yesterday I took 6 trades with profit of 0. With IC i had on most major pairs zero spread. I know I can see the spread on their webpage, but it doesn't tell me what's the cheapest in absolute term. 000 account) and 30x Leverage, so I risk 1. Trying to pass one of these prop firm challenges isn't easy. Spreads are okay. I already use the H1 for entry but the nature of the strategy is that it follows higher timeframes and sometimes the trades can reach up to 15 percent which i dont want to miss. If you pass this first step, everything should be easy going. 30004 Sep 26, 2024 · Learn how FTMO compares to other brokers. For a selection of popular currency pairs, the costs are as follows: EURUSD – Spread: 0. I have a broker on my personal account, I scalp 1min , and the account is growing nicely. FTMO companies do not act as a broker and do not accept any deposits. The calculation for the commission is as follows: 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. Forex traders of reddit I'm asking you to tell me about the average spread you get for EURUSD in London&NY when you are demo trading to pass FTMO, 5ers, Funding Talent, etc. I'm a swing trader looking for a funded challenge, FTMO seems the most legit, but I'm not too sure if it's appropriate for swing traders? I hold trades generally for 2-3 days (average 1-2 trades per week), and I've been consistently profitable for a wh 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. ***Due to reddit API changes which have broken our registration system fundamental to our security model, we are unable to accept new user registrations until reddit takes satisfactory action. I’ve been trading for about 2 years and have yet to make a consistent profit. It sounds simple but please don’t underestimate it. With FTMO, the figures are 10% and 20%, meaning that The 5%ers are the winners here as the percentages are lower. 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. Thanks Welcome to FXGears. 4 Even though FTMO Traders trade with fictitious capital only, they are entitled to obtain a reward in the form of real money if they can generate “profit” on an FTMO Account. -Share FUNNY Trading Welcome to FXGears. I've heard this is the view which comes 1-2 weeks before approval or not. - You are discussing and sharin methods to bypass server limitations - like hedging without paying commission. They have raw interbank spreads on everything. In FTMO, the maximum daily drawdown limit allowed on a $100K account is 5% which is $5,000. Same here. But the reality is different, large positions will not bring you quick profits in most cases. When people take a $200K challenge--if they pass it and receive a $200K "funded account" it in reality is only a $20K account. 10%/month like FTMO is not realistic imo. The problem is the step 1- the 10% in 20 days. Detailed Cost Breakdown. 10 lot on cad would have been a hefty commission so that would have counted as a loss, but who cares about win rate as long as you profit Edit: ETH not cad sorry but yeah you mad 4cad the commission would have been a lot more than that making that trade a loss overall Press ctrl+m in MT5 and rightclick on the table. Points Points have 2 definitions, a practical one and a technical one. Pro & Cons= MFF : Cheap registration fee, reasonable spread, $3 commission on forex pair, 12% max loss rules. Thats crazy and i didnt include commission. I’ve hopefully learnt something from all the pain however. Reply reply 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. 0010% per lot. For me are FTMO and MFF the best. Getting Approved On-Site Commission - How You Doing? Uploaded 27th, just received my first view on each of the three videos on the 9th. FTMO & MFF Funded certificates Doing new ones this year follow my journey! u/wannabechampfx ADMIN MOD • The Secret to Passing ANY Funded Challenges using this 3 Step Strategy, sharing the strategy breakdown, the psychology and the thought process when doing a funded challenge. Any advice? With FTMO, to get your 70% profit share, you have to invoice them, which I would do from my LLC (once I create it). from the limited information i have been able to find, the tax brackets for trading is tax free because its seen as 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. What do Alpha Capital Group's clients not like? The business has a good name, but it's still not as good as FTMO. Now they have removed US clients access to MetaTrader and are pushing DXtrade instead. If they fail, you are still out FTMO's challenge fee. Funding talent has better split and lower fee for 25k account. Ftmo is a scam Its profit split structure starts at 80% and transitions to 100% profits quicker than Bootcamp, and the additional monthly salary is a unique incentive. I would think so in the sense that the tighter the spread the better right? Their spreads are just all tighter than FTMO. Here is what you do. The Support is Good. 3 - Leverage Swing 1:1 - Commission 0 I dont fully understand My trading plan using the Swing FTMO account, in terms of how I understand Crypto Futures, was trading BTC using 1% for position (100. I think most of it comes to revenge trading and options instead of a stable cash account like FTMO where I don’t have theta or PDT. 4 pips, Commission: $3, Overall Cost: 0. Which one is the one with smaller commission and spread? I scalp 10 to 20pips so this is really important. 17 votes, 22 comments. You actually risking 5% of the balance per trade if we are talking about a $25k challenge. They offer traders the opportunity to trade with capital ranging from $10,000 to $200,000, with leverage up to 1:100, and a profit retention rate of 80-90%. The problem is it adds up tons of taxes on your final gains (30% tax, 20% Urssaf as "Prestation de services, and your usual FTMO commission). Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. On my 25k FTMO Challenge it says the max daily loss is exceeded today but it never actually did, i never did at any point go into drawdown above $1,250, i had stop losses set for every trade and today i only lost $698. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. (Should you pass) also they have HIGH commission per lot size traded. FTMO is legit, and I assume they have a lot of very successful traders. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. For a new trader, it may be quite difficult to understand trading terms that define units of price change. You can't open or close a position on certain pairs 2 minutes before or after a news release comes out that effects those pairs. The reviews and testimonials are all 100% organic. 00 - Leverage Normal 1:3. Commission splitting is totally ok and trading rules are nearly the same . Trust me, you can’t scalp a few mins on ftmo and probably not on mff either. Unfortunately, many are not quite right and many are misleading. 5/lot. Our first trader is proof that you don’t need to open large […] So to them, it is a completely risk free business. What is also really interesting is that the challenges are easier to pass. FTMO has been in business reliably for over 8 years as a prop and longer as a broker I believe. But the cons thar we can all agree is the slippage are really bad even at non news hours and their CS is terrible E8 : Spread is at par with MFF, 1 day minimum trading days, responsive CS, commission is $5 per lot. Doing well maxed my funding on FTMO, I see that as a bank now lmao, currently doing the prop firm challenge and using a trade copier to mirror my entries onto my ftmo accounts, and US30 only I made the switch to this around 6 months ago The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. Find out more about this broker's top features, pricing, pros and cons and regulatory information. Our first trader is proof that you don’t need to open large […] Posted by u/_iron_wolf_1996 - 5 votes and 17 comments To be honest I have received several payments from FTMO since I registered on FTMO, I was able to make 62 000€ (not including the fees paid to the professional to take my tests). So i've been profitably trading for a few months now but was looking into getting a funded account with either FTMO or The5%ers however i am so confused on UK tax laws that surround this issue. Trust the process and don’t give up. So obviously, there’s something wrong with the strategy. FTMO has a dashboard that lists the times that the news will be released. TFT and MyfundedFX: the price you click--> you'll get executed at a 3pip worse price when opening and closing a trade = the spread on US30 is 1. Their challenge requirements are slightly less too. Even on Gold I notice there spreads can get a little high. I should add I have also passed a few times too with them. It looks like a good option to the well-known FTMO. One big difference is that ACG has a lower 8% Phase 1 goal for its prop business challenges, which makes it easier for traders to pass. I know FTMO offers a free 2-week demo challenge account to practice on. Buy the 50k challenge from MFF and buy the 50k from FTMO. That gives you an easy overview over the spread on different pairs. They offer the same account sizes as ftmo. They've basically undercut FTMO in almost every aspect. Just to give you a bit of insight into my approach, I primarily use Fibonacci retracement, which I apply by placing it at the highest and lowest points of the last genuine market structure. Obviously ftmo is the next biggest competitor. 18 votes, 49 comments. Here are my findings: WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. Thats why i bought a challenge on the funded trader recently. We use several liquidity providers with DMA (Direct Market Access) execution model. The real question is do YOU have a consistent and profitable method? That is the real question. For indices (cash CFDs including USOIL and UKOIL), cryptocurrencies and futures CFDs, no commission is charged by the FTMO. USD rates are 4. Thoughts. - In your reddit history you have been part of a conversation regarding challenge "boost". What makes their two-week account great is you can get familiar with what the spreads are with them, and how much commission they charge. 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. Hi! I am researching prop firms and I want to know what broker FTMO uses & what is the slippage for crypto trading. You are whats wrong with this reddit. If they pass, you pay. CSCareerQuestions protests in solidarity with the developers who make third party reddit apps. I have a 75% win rate but I end up losing some trades which takes a big hit in the account,it's been 3 days since I took the… 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. *** If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". 10% your carry fee plus swap fee is too high it’s like ZARJPY TRYJPY same concept. Nice. 5 Pips Spread and $3 Commission. Quite aggressive if we are trading on a normal account, but being aggressive is inevitable when trading on a ftmo challenge. This past 30 days I tried my 3rd FTMO challenge of the year after starting forex back in April and I just passed the 2nd stage verification. 3-0. Hi all, long time trader here, just recently passed my $15,000AUD FTMO challenge in 2 days (lol), and was wondering how does FTMO profit from its users if alot of traders fail? To put this in perspective, I'll be speaking AUD. About a minute before a huge news event like non-farm payroll (NFP) sell 45 lots on your MFF account. The potential for account growth is however capped which is a huge negative for me. My question is, Rn my account is at 110,065, they say it will take 1-2 business days to verify and do all of that, will commission bring me back down below 110,065? The vast majority of inexperienced traders think that a few large enough positions over a few days is the ideal way to make quick and high profits. Buy, sell, and trade CS:GO items. The profit targets for two of The 5%ers’ packages are 6% and 12%. FTMO recently blocked new and existing US clients from purchasing new challenges or trials. . They have better rules imo and the spreads are crazy tight with 0% commission. ( the reason I want EURUSD spread is because we can guess others based on this and the reason I'm asking this question is because my scalping methods won't stand a chance Posted by u/[Deleted Account] - No votes and 22 comments There is no competition to Funding Pips, 0 Pips Spread (EURUSD )and $2 Commission is unreal. The System is fair . the spread and commission they’ve built in means it’s really not for people like us. You can achieve an equal amount of profit from just $10,000 account with own money, taking almost 40% floating DD ($4000), instead of <5% realized DD in FTMO. I guess the main questions are- is that the best way to do this, should I just hire a CPA (suggestions?), and are any of you trading for FTMO/how are you paying your taxes (if you are US based)? The issue here is that you see all the 'success' stories and no failure stories. With FTMO most majors have 2 pips. -Share FUNNY Trading We always hear of 5%ers, Ftmo, MFF ect But I haven't seen one post about alpha capital. 000 for a So this how the first FTMO payout went. TFF looks so blatantly obvious now Reply reply More replies The vast majority of inexperienced traders think that a few large enough positions over a few days is the ideal way to make quick and high profits. I’m personally looking to go CTI over FTMO In this article, we will delve into a comprehensive comparison of The 5ers and FTMO across three pivotal factors: funding programs, growth potential, and support services. Looking for a new prop firm after MFF has been dumped. (+ liquidity available for that broker). IMO, MFF only beats FTMO with better evaluation requirements. The commission arent really an issue considering the potencial reward. 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. Feb 16, 2021 · FTMO has a better profit split (70-30) than The 5%ers’ 50-50. 331K subscribers in the Forex community. 000 x 30 = 30. Trading is hard. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. 0040% per lot, metal CFDs (XAG, XAU, XPT and XPD) have a commission of 0. - To be with other like-minded forex traders. Posted by u/jondoe9x - 7 votes and 23 comments I'm currently in the middle of doing a challenge and have noticed that the commission that skilledfundedtrader takes is super high!! A $600 win and net profit is $520. 80 after all the trades hit my stop losses. The commission on FTMO accounts is only 3 USD/round-trip/lot on Forex, which is well below the market average. I always thought on FTMO but not sure if there are better options out there. 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. Occasionally, I’ll catch a few trades/scalps 2-3 hours before the market opens. FTMO has the best commission, the drawback is can you hit 10% profit in 30 days without going into a daily drawdown of 5%. 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. This is why I recently have been focused Welcome to FXGears. Can recommend! 2nd best is Bespoke (from what I have found so far), 0 Pips Spread and $3 Commissions. Like the market owes me right. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. nowadays, "prop firms" tends to mean firms like FTMO, where you are actually trading a demo account and failed challenges are more than enough to cover any win that a tiny percentage of traders will have. 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. Since the beginning of FTMO, our objective has been to provide traders with conditions as similar as possible to the real market in all parts of the Evaluation Process, Free Trial, and FTMO Account. r/Forex • WTF . there are no data fees to be paid 13 votes, 11 comments. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. Literally not one negative trade. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. This will be the closest thing to a real account. Some people like to go with more trusted options. so literally, it's not trading firm , it's educational firm for profit taking in all aspects instead. Just wondering how any funded traders on here deal with the news rule on FTMO, that a trade cannot be left or entered within 2 min either side of the news release? FTMO only provides services of simulated trading and educational tools for traders. FTMO does have some downsides though the biggest being the news restrictions. I personally already have a micro company here in France. However, account grows much quicker than FTMO, so still better than FTMO purely on the weight of account growth Are you making 5-10% p/m in demo with proper risk management? If so look up the FTMO trading requirements, trade that way for 3-6months and see if you’re still profitable. Research and Education. The 5%ers, have more conservative rules on risk but the benefit is you have 6 months to hit the profit target. Got to give it to FTMO. The spreads with FTMO are insanely small and no regulated US brokers come close to them. Their scaling plan of 10%/4 months is more realistic. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. Indices and Commodities used to have the commission as $3. Damn thinking back I was smart af. Both prop firms give you a unlimited free repeat if you don’t violate their rules and end up in a positive balance. Prices are relatively higher than other firms but For BTC it says = Contract size 1 - Margin percent 30. FTMO official response: Hi there folks, thanks for your comments. So you put a deposit / security payment of $230AUD, to start the challenge, but can lose a maximum of $1500AUD The difference between FTMO Account and FTMO Account Swing is that, in the second one, you can trade through news and hold trades over weekends. I'm a little biased though because I also trade bitcoin in addition to forex and the MFF's crypto spreads are horrendously garbage imo. Stop scalping if your doing funded only scalp live account okay switch to h1 tf and do supply and demand and hold trade for atleast 30mins-1hr about 40-80 pips use a 30 lot which is 30$ a pip don’t worry about DD I did ftmo 25k in 35 mins doing two trades at 40 lots and my DD was-$143 and profit was $10,345 the thing with ftmo about drawdown FTMO has 1,5 USD for open and also for close. However, continuing to give FTMO 10% of my profits and more importantly the data they collect over time with all my trades is reason enough for me to move on. A €400 traded suddenly became a €470 trade lol. haha. Funding talent has a challenge now that has NO restrictions and their cut is 80/20 vs ftmo s 70/30. But I am also trying since weeks . com's Reddit Forex Trading Community! Here you can converse about… I know EURUSD has very low spread and no commission, but there's a ton of things to trade and I don't know them all. I started with FTMO, because they offer a free trial and I trained myself to pass those trials with 10% profit instead of 5%. (Just gotta wait 5 more days to complete the 10 day requirement) I’m so excited to start. Now we can trade through high impact news and hold runners over the weekend if we want. I wouldn't trust my money elsewhere. Unfortunately, I can’t test all the prop firms all at once, however I’d really appreciate it if you help the PropFirmTester community out by sharing your thoughts, either positive or negative. The one advantage of top trader is you can make withdrawals whenever you want. You have to be profitable to be able to make money on their 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! When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. You use correct word: least shady bappebti, but I wouldn't put my money in even the slightest less shady broker, I want the best in the world, publicly traded, insured, based in a country with the highest compliant with law, after all, that is your hard earned money 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. How does the FTMO technical infrastructure work? FTMO provides services of simulated trading and educational tools for traders. No news rules, no weekend rules, smaller target, cheaper price. com's Reddit Forex Trading Community! Here you can converse about… It's a huge improvement for day traders at least. The max daily loss is the thing you need to watch out for. It's interesting we got the same strategy, I'm totally open to collaboration and sharing ideas. For the other prop firms i dont think they are really able to compare to ftmo. And they don't show you the commission they deducted they only show you your net profit. Every YouTube trading video now is i made $60K today or they started trading 2 yrs ago and am a millionare driving a lambo and showing a mansion . In the other note I believe in every single one y’all who are trying to make a change. For a balance Traders can access up-to-the-minute spread and commission information directly through FTMO’s official page: Live Spreads and Commission Details at FTMO. The calculation for the commission is as follows: Sorry OP but that's a dumb question. USDCAD got 7 pips at the moment. Equity CFDs have a commission of 0. Ftmo is more years on the Market . com's Reddit Forex Trading Community! Here you can converse… Another point to note is that trading with own money is always better and profitable in long term. What else do you think you have a slightly different strategy when you are doing the challenge? Hello all, so I passed the first phase of the FTMO today, and it says they will verify my account and send me the account details for the verification. The rules are better than FTMO. AMP is an Ethereum-based token that makes transactions instant and secure. But to your point about increasing from $140K to $300K: are you seriously proposing that a reasonable person, acting prudently, would let $160,000 sit in a a non-intrest-bearing-account if there was the slightest chance they may never receive that money? If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. 8% target with 12% max drawdown, compared to 10-10 with ftmo. 6. I don´t need to check your profile any further. Our aim is to provide you with an insightful analysis, empowering you to make an informed decision on which of these esteemed platforms best aligns with your trading aspirations and sty Additionally, you need close any open positions on the pair it'll effect . Commission and Fees. 30004 Hey guys, Currently I'm doing the FTMO challenge and I got to the profit target. For now this is the end of my journey with FTMO as those who have been following my progress know I develop an algo in the MQL language. I honestly don't get it why people start to avoid FTMO and choose other cheaper alternatives, FTMO is so much easier to pass than all of the rest of the trash companies with like 8% profit targets that are in reality MUUUCH HARDER to pass since their market conditions are horrific If you watch some ftmo interviews on YouTube you will easily notice how little experienced are some of the guests. Yeah im feeling stressed when there are time limits. One problem with all of these firms is the perception of the account size so eventually--at least in the US--they may eventiually have a problem with the Federal Trade Commission (FTC). Let's face it, a lot of traders fail and lose money and I admit it myself, if I hadn't used a trader to pass my tests, I probably would have lost money from the Please leave your thoughts in the comments. 350K subscribers in the Forex community. I primarily trade US30 with ftmo and it is possible to trade at all hours. plus they have to gain money from commission or some fee for operation or staff cost. Glad to hear from a fellow trader. Now, my hypotesis are 3: They are really professional traders (very unlikel, maybe 1 out of 1000). *** last , you gotta consider thatvsome great trader can't share the setup or for copy cuz tge strategy will fail when lots of ppl copy. I dont have any time limits, just need to make 10% no matter its in a few days, or few weeks/months. 6pip but on a 5 lot trade you'll pay 300$ worth of hidden commission in the form of Slippage/Requote (I'm talking slippage without any news volatility just normal trading hours) This question is specifically for people who know about UK tax and prop firm trading. FTMO is horrible in comparison, 0. bjyczsl obthp hrfxw bal jqnz qev tgtci fer qwyp lprk
Ftmo commission reddit. 74 votes, 117 comments.
