Ftmo indonesia reddit. Savings are hard to come by because FTMO doesn't give them out very often. You need to demonstrate your experience by sticking to Maximum Loss Rules while making the necessary simulated profits of 10% of initial balance. So this how the first FTMO payout went. With FTMO, to get your 70% profit share, you have to invoice them, which I would do from my LLC (once I create it). FTMO companies do not act as a broker and do not accept any deposits. M1 lets you earn, invest, spend, and borrow all on one financial platform. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. FTMO recently blocked new and existing US clients from purchasing new challenges or trials. Spread on limit orders is also rediculous. For swing traders, it's a great improvement too once they actually get the funded account. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. With FTMO, after 2 months of consistent trading you can have that capitol to trade with. I want to trade on FTMO - max leverage is 1:3 for my symbols. Also do FTMO swing also have Scaling function just like Standard FTMO account If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. In FTMO, the maximum daily drawdown limit allowed on a $100K account is 5% which is $5,000. Savings: Get a 10% discount on all future FTMO purchases. which is more than enough to pay out the traders that do make money (90%+ loose) 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. I've done challenges on both and I personally prefer FTMO. They have raw interbank spreads on everything. This is my 3rd time with FTMO. Searching for it online is a waste of time. FTMO does have some downsides though the biggest being the news restrictions. Exclusive Access: Unlock a new, larger challenge option ($400k) at a discount. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. Hallo Geldzaken, Ik zal binnenkort officeel een handelaar zijn onder FTMO (een prop firma die handelaars hun kapitaal geeft om te traden). Even on Gold I notice there spreads can get a little high. The offered technical solution for the FTMO platforms and data feed is powered by liquidity providers. If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". The FTMO Challenge is the first step of Evaluation Process and educates you to master your trading habits. Effective 04 May 2023, due to our business decision based on operational considerations, FTMO stops accepting new clients in the US states of Delaware, Louisiana, South Carolina, Montana, and Arkansas. even if it's just a simulation. And still, I would be way more stressed out having a drawdown period on my personal account than on a FTMO account. It's up to the broker you use with that prop firm if they scam you or not. FTMO official response: Hi there folks, thanks for your comments. 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. -ftmo's business model is based on the failed challenge fees. FTMO is a prop firm where you can get a funded account to trade. I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. 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 usually risk 1-2%, but on an A+ setup I might want to risk 4% (5% would be daily drawdown). I wouldn't trust my money elsewhere. Halfway there on the second challenge. Damn thinking back I was smart af. 5-1. 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. This is why I recently have been focused I think so, but not all of them, people say why wouldn't they do it themselves, lest they forget max amount you can have is 400k on ftmo for example, so if he can consistently make profit on his/her own, they can do it on other accounts, and if they manage it after the challenge, take a % of what they make on the account, if they lose the challenge, they may only refund the service fee or FTMO does not offer or provide services to users in your country. 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. No news rules, no weekend rules, smaller target, cheaper price. Once I receive a payout I’ll post a screenshot here. 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. Upon successful completion of the Evaluation Process, you are offered to trade on an FTMO Account with a balance of up to 200,000 USD. I did not contact support. 383K subscribers in the Forex community. On FTMO's YouTube channel, I was watching one of the videos about the process and they said in the video that you don't need to contact them because they already know your account is ready for the next step. I've done tons of comparisons. 5k 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. 😕 Customers from the US are no longer welcome. Ftmo is awesome and industry standard, I'm just not a fan of the "make profits in this amount of time" system, but if I'm not mistaken as long as your account is profitable they will let you continue even if you didn't hit the target. 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. They've basically undercut FTMO in almost every aspect. Our FTMO Challenge is the first step of our Evaluation Process. 8 - Win rate of 55-60%. Nu weet ik dat de belastingen bij forex rond de 1-2% liggen, wat geldt bij handel van je eigen kapitaal. Unfortunately, many are not quite right and many are misleading. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. as long as you don't resort to shady practises and align your trading style with them , you are good to go. -Share FUNNY Trading Hello, good day everyone. Good afternoon Traders! I have successfully passed my $100K FTMO challenge. professionalism ,longevity of FTMO. Thanks for reading this FTMO review. I think a lot of people don't realize that many of the traders that pass the challenge fail to make their first withdrawal because they fall off after getting funded. 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 Passed the first evaluation but failed the second due to emotional trading and holidays season. 8. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. Same here. FTMO is reputable. Swing traders can go through a multi-month drawdown even with a profitable strategy, b Unfortunately I'm living in Indonesia (long term resident permit) and even though I could use my home country ID/bank statement to undergo the KYC after challenge/evaluation is successfully completed, I still couldn't use FTMO as they banned people residing in Indonesia (since mid September, it's written in the FAQ). 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. The FTMO Account agreement defines the trader’s duties and rights. You need solid trades and mostly wins if you don't want to risk losing the account (I have lost 1 account total). Got to give it to FTMO. But for the challenge, they're faced with the same problem as before. So obviously, there’s something wrong with the strategy. the split is about 80/20 i think? but you have a pass a test to show you can trade well enough to grow an account without losing more than a percentage of the account. I just waited until it came. 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? Like the market owes me right. The reviews and testimonials are all 100% organic. If you have $1000, that's the exact same as having a $10,000 FTMO account; if you lose $1000 on an FTMO account of that size, they close your account. I personally trade with them, but you have a tight margin of error to work with. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. I would think so in the sense that the tighter the spread the better right? Their spreads are just all tighter than FTMO. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. I’m not sure ftmo suits low time scale scalping. This Evaluation Process consists of an FTMO Challenge and a Verification and is specifically tailored to discover trading talents. FTMO is it's own broker, I've asked that recently and that's what they replied. The main reason is rules and laws. so let me clear things up: your trades never get placed in a real market. The prop firm will control the account at the broker, that's why they pick and choose who they work with. I can go on and on but mff wins 🏆. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. FTMO Challenges started before this date and active FTMO Accounts are not affected by this decision, however, new orders are not available. Implications for Traders The immediate effect of this ban is apparent – US traders can no longer participate in FTMO's evaluation process or manage FTMO-funded accounts. seems like you guys have not understood how ftmo works. com, a trading forum run by professional traders. once you pass they give you the acct, and from then you grow the account and get paid from it 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. Any FTMO swing account trader here, does they allow news trading, in the about it says yes, but the clause says no. . 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. Use VPN and bypass those idiots. 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. Or trade a small capital and grow it to afford FTMO which is what I’m doing now Seeing a lot of videos lately of people passing FTMO challenges on Youtube. once you're a full FTMO Trader, you can even go on an entire month without trading at all if unforeseen Posted by u/UnluckyLizard-22 - 2 votes and 1 comment 74 votes, 117 comments. Time limit is only con bro. Took alot of shit from other people. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. •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. M1 is made for those looking to build their wealth using powerful automation and topflight rates. S. In the other note I believe in every single one y’all who are trying to make a change. Bonus Rollover: Receive a 5% bonus when you roll your profits into a new FTMO account (withdrawable after 30 days). Trust the process and don’t give up. If you are viewing this on the new Reddit layout, please take some time and look at our wiki (/r/step1/wiki) as it has a lot of valuable information regarding advice and approaches on taking Step 1, along with analytical statistics of study resources. I still think FTMO is a great short term idea. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. Free Challenge: Earn a free FTMO challenge at the same size as your current account. Tbh MFF is okay, their customer service is kinda bad ngl but there is proofs of pay outs. You initially pay for a challenge account. FTMO developed a unique 2-step Evaluation Process for traders. there are 50 prop firms operating as of now , but no firm can match track record . FTMO's 70/30. We would like to show you a description here but the site won’t allow us. The contract further details the FTMO regulatory compliance and relationship with the Step 1 – FTMO Challenge. FTMO only lets you trade CFDs, which is illegal in the U. Another point to note is that trading with own money is always better and profitable in long term. 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. Now we can trade through high impact news and hold runners over the weekend if we want. Yes it sucks, and yes you should have good risk management skills to mitigate the risk of it happening, but I found that caring too much usually leads to messing the account up. e. My advice is if you can afford it, go for FTMO , if not MFF. com's Reddit Forex Trading Community! Here you can converse about… FTMO without second thought. 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. 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. They just seem to offer a better deal overall. - To be with other like-minded forex traders. Just a heads up in case anyone was looking at doing the challenges. 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. IMO, MFF only beats FTMO with better evaluation requirements. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. There's no such thing as a prop firm that isn't a scam, because they show you numbers that you don't actually have. It is recommended because it is trusted. It's way quicker than building up your personal account from 150 to 10k. Reply reply [deleted] Ive had so many slippage mishaps with ftmo where they literally will widen the spread just to hit yoir stop loss it happened literally 75% of the time with ftmo compared to mff. 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. As a result, FTMO opted to cease services for US clients to maintain their business model elsewhere without conflict. I’ve passed the first challenge for the $200k account. 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. Do you think I need to be worried about FTMO not paying me out if its a winner? Now over 3 years later, I see that FTMO still exists and now they allow crypto alts trading (xrpusd etc) which is nice! I wanna hear from anyone that has been trading on a live account for a few months, how has your experience been, payouts, etc. The max daily loss is the thing you need to watch out for. It's a huge improvement for day traders at least. Ftmo might he the next go seem ok just different targets tge 2% extra might take one or 2 goes however finish the month in profit and you get a free retake. Welcome to FXGears. Now they have removed US clients access to MetaTrader and are pushing DXtrade instead. Do my statements make sense? If yes, why would anyone not go for a swing account? 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. Getting fucked on market orders hard. I’ve been trading for about 2 years and have yet to make a consistent profit. with FTMO you can get a practise account and test fills , spreads for 14 days. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. Jan 10, 2024 · The Republic of Indonesia; Venezuela; South Sudan; Sudan; Iran ; Syria; Myanmar; Is FTMO Regulated? Prop firm traders must enter into the FTMO Account Agreement and pass the KYC/KYB process. zoncec muhr clg isyg lqyrivpv ztoum jxiblncw dmomih kdekeos umkee