Ftmo scammed me reddit. 50% profit so they see me as a upstanding trader .

Ftmo scammed me reddit The issue here is that you see all the 'success' stories and no failure stories. so pretty much same amount. Sure, the business model is to sell eval accounts, but that doesn't mean their service doesn't have value. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. If you can make 10% on FTMO for 5 months, on your private account you will have: Month 0: 100$ 1: 200$ 2. We discuss the advantages, disadvantages, the selection process and we propose alternatives. Maybe if you took your head out of your ass for two seconds you'd realize how dumb you sound. Sorry OP but that's a dumb question. I literally thought after day 1, wow, I don't have to make another trade this month and I'll have $17k. Wondering if FTMO is a scam? Discover our full opinion on FTMO in 2024. My mentor tells me this is great for a first challenge since mostly everyone fails there challenge way before the 30 day mark. A total of $29,000,000 has been paid out to traders on the platform. 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 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. 5. But by no means is FTMO a scam (in my experience so far). FTMO has been there to help me anytime I have had to contact support and have always been transparent. MFF statistics say that there around 180 failed challenge purchase for every payout made and probably one out of 1000 keep the 'funded account' beyond 3 months. A little bit of slippage on a demo account proving they actively manipulate slippage? Give me a break, idiot! FTMO is 100% legit. Lots of learning and lots of YouTube videos. 00. Peace to you. Do they promise anything that they don't deliver? No, therefore by definition they are not a scam. Sadly, the account does not work, and I lost 45 EUR :(. I’m profitable, but the margin requirements are killing me. So I have been trying to learn Forex trading, and spent the last 6 months studying and trading on a demo account every day, from the moment Ive woken up till Ive went to bed, i have been studying, right now on my demo account Im up 11. 50% to 2% after my 5th payout and before that i make anywhere from 0. 3 pips on USDJPY, no rollover no news, London session. But based on my experience it’s not quite suitable for me because the spread on regular hours is quite huge. Took me an average of 1. I don't want anyone else to get scammed ;-; Welcome to MarketScreen – Navigating the Financial Markets Together! 📈 MarketScreen is your go-to subreddit for discussing everything related to stocks, trading, and investment strategies. com Nov 28, 2023 · If you desire to search out more FTMO complaints, Reddit reviews are usually a good place to find swaths of people airing their grievances. You initially pay for a challenge account. Like I said greed got the best of me as I could hear the lambos calling me. Mar 4, 2024 · Is FTMO a scam or safe? The FTMO system is safe and works if you apply proper risk management consistently over time, but it is not real money, only leveraged. 000) as their calculation-basis and call funding firms a scam because their account balance never went under 20k (25k -20%). See full list on ftmo. It took well over a year before I was comfortable trading real money. Why can’t FTMO do that for their traders? Because they’re a scam that’s why. FTMO has a dashboard that lists the times that the news will be released. You’re better off taking your $1,000 and YOLOing it on a trade with 1:50 leverage rather than playing their stupid game to control their $10,000. Welcome to r/scams. 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. It's ridiculous people are calling prop firms a scam. I made just over 3% and was due to get $7012!! They sneakily placed a trade on my account, they did the same to a friend of mine too and when I approached them they told me they can’t give me any profits, nor my account back my either. 800$ 4. com's Reddit Forex Trading Community! -$75 on a trade would me that you were -$75 in drawdown or a cool . I'm not sure what counts as a day of trading, but I think as long as you've entered a position on 4 different days, that's enough. I'm a fucking dumbass. What should I do? I am thinking about filing a police report. Do your research but so far, my experience with MFF has been great. After probably around an year or so you shall realize that FTMO and MFF are also borderline scams. Welcome to FXGears. You can't open or close a position on certain pairs 2 minutes before or after a news release comes out that effects those pairs. Eh let's not exaggerate, there might have been underground and unheard cases in which some kind of manipulation has occurred. The Real Housewives of Atlanta; The Bachelor; Sister Wives; 90 Day Fiance; Wife Swap; The Amazing Race Australia; Married at First Sight; The Real Housewives of Dallas You don't get his logic, because you apply the same rules to a private account. 400$ 3. After the 30 days I was not able to get my account to break even. Anyway, I linked the two accounts to my trade copier, and the exact same trades have resulted in +4. But my point still stands, if you want to trade properly you dont want your drawdown to reach anywhere near that $5k, let alone the $10k since you'll just be putting all your eggs in one basket. There's no excuse not to do it. FTMO is legit, and I assume they have a lot of very successful traders. 14%. I tell people about Forex and they jump in right away with real money with no training and get mad when they lose money. 3% within the last 19 days, even tho my winrate is bad I still have good risk management and I Dont revenge trade, I talked to my mum about buying a small funded Savings are hard to come by because FTMO doesn't give them out very often. 075% down on the account and you are r/GeekSquad is a 100% community-driven subreddit aimed to allow for both clients and employees to engage in meaningful conversations regarding the brand or their local precinct. I am a bot, and this action was performed automatically. 50% profit so they see me as a upstanding trader . On my FTMO account under credentials with the login ID and password it also says platform DXtrade. 2 on FTMO. Their scaling plan of 10%/4 months is more realistic. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. as long as you don't resort to shady practises and align your trading style with them , you are good to go. One concern I have is regarding commissions, particularly with FTMO, where it's mentioned as 3. Posted by u/SignificanceNo6509 - 1 vote and 1 comment Thanks - a lot of people say it’s a scam but they seem like they hit the limit without understanding it. Don't belive it. Same for verification stage. com, a trading forum run by professional traders. If i could get into a couple prop firms and trade a huge chunk of money, that’s life changing. professionalism ,longevity of FTMO. Please share this with other people. S. One thing that I didn't/don't like was being in a trade around 6-7:30 AM PST. 1% with FTMO and +4. cmon They are totally suspicious I've even seen a That being said, ftmo recently made available extensions if you are close to the target and from day one even if you don't hit the target within 20 trading days you will get a retry anyway. Took me several challenges to pass but all worth it. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. 3200$ 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 these prop firms are legit! Sure they make mistakes but once they realise they usually always fix it. Bro, how does this moment feel for you? Are you still profitabel? 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. Plyxaltd refuses to refund. Additionally, you need close any open positions on the pair it'll effect . I have downloaded the cTrader from the FTMO website and I tried to login with the login credentials from my FTMO account but it failed. I presume it refers to pips, and as a scalper, this is a significant factor for me. That being said, I was incredibly surprised when I heard this story because the5ers (alongside with FTMO, MFF, FT+) is Secondly, is the suspicion of our reviews be a relevant reason to flag us as a scam? Scam can be someone who operates fraudulently or engages in dishonest practices. See chart, lost 1500 eur See max loss 5700 and daily loss 9500! Haha, their scripts is trying to cheat but ineptly Stop spending money to scammer firms. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. #ftmo #forex. Although I must note that sometimes these reviews are from people with alternative motives, as the Reddit reviews aren’t from certified users. Luckily it was day 2 so it still closed above the $100k and they cut me a check for the profit of $4. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. FTMO doesn't provide investor password BUT trader could create one within MT4/5. They expect you to be a professional. 5k. I reached my first payout and they blocked it and accused me of stacking violation. I’ve hopefully learnt something from all the pain however. . While you're at it, read through Reddit's "reddiquette" here. FTMO does have some downsides though the biggest being the news restrictions. When MFF imploded , I wanted to buy a 200k FTMO account, but I decided to get 2x100k, one each with FTMO and 5%ers to spread the risk out of another implosion. On pay out I’ll get 20% from you, I’ll pass your challenge, might take couple of weeks because I stick to 1:1rr strategy. Most people tend to still take the initial capital before entering the trades (let's say 25. Posted by u/mrcake123 - 14 votes and 97 comments Oh look, the little baby is getting upset that their conspiracy theories don't add up. Sometimes I’ll have to open bigger positions and I can’t do that with that leverage. 😕 Customers from the US are no longer welcome. So lets do simple maths. i alrdy have 30million accumulated live prop firm accounts and im credible with them so they dont make any issues with me Long story short, I want to aim for a €40,000 challenge next year and wanted to ask you what your experiences are with FTMO and what you can possibly give me tips along the way. I got slipped 4. FTMO is legit and has been around for a while. 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. that means 100K x 30 = 3m to trade with. 5 months per scale up. I get my payouts every time and have never had a problem. Ask about FTMO on Reddit or Go on FTMO and see the price for a 200k funded account, see the rules, understand their policies and payout percentage. Seems like it’s fair to me - I’m still researching prop shops before I pull the trigger Ok i meant $5k max daily loss. If you believe this was a mistake, please kindly message the mods. instead if you buy Personal account with 500 leverage in that same amount then you get $4500 x 500 = 2. I've been with them for awhile and ALWAYS received my profit split! Fuck those Insta-fake traders. FTMO Scam !!!! Prop Firms So basically i bought a 100k account and went down 4. Ive been with them for 2 years. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. It happened a few months ago. I Got FTMO Challenge passing service from the FuelForex. 4. I can only trade with like half my account, so profits are only 5-30$ per trade. Posted by u/[Deleted Account] - No votes and 22 comments Minimum of 4 days of trading for the challenge stage. I am so hyped and a post like this motivates me a lot. 9 pips away, also had the same trade on FTMO that did not get stopped and went on to take profit. Searching for it online is a waste of time. FTMO only lets you trade CFDs, which is illegal in the U. these youtubers alla succeed. It makes me so mad. 30-0. I felt cheated and disappointed. 0. I earned today (second trading day) 15100 eur, my permitted loss was 23000 eur, I lost 9500 and my challenge is failed. Currently trading 200k and once I max out ftmo I'll look for others prop firms to get more AUM but until then ftmo is the way to go for me. 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. with FTMO you can get a practise account and test fills , spreads for 14 days. I scalp EURUSD and I notice the spread is running at 5 or more most of the time, while other prop firms like E8 and MFF is 2-3 on EU The CEO provides the space with a whole other level of integrity. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. there are 50 prop firms operating as of now , but no firm can match track record . correct me if I am wrong You get 100K account for $4500 with leverage of 1:30. I someone can help me, or has any piece of advise, I would love to hear it. Ask for an investor password which lets you login an account with read-only privilege. I only got their FTMO Passing Service only. 9 pip spread on Tokyo session is unacceptable, I get 0. They did my job well for only a few hundred Dollars and they are best for the prop firm management job. We are very much complying with the laws and regulations, we always abide by the T&Cs which are legally binding and we have always paid the profits to our funded traders. 1600$ 5. Prop firms give traders the opportunity to test their strategy and psychology under Ftmo is a scam Passing the challenge is easy with a bit of luck but 99% of those who pass the challenge can’t manage to keep the account for more than a month since they would break the rules because they simply don’t know how to trade. Things I learned from this challenge The FOMO, the fucking FOMO. 5% with the 5%ers, all due to the spreads. Proprietary trading firms utilize simulated markets to train or evaluate traders. After getting funded I ignored the trading plan and my psychology was in shambles. I should add I have also passed a few times too with them. 10%/month like FTMO is not realistic imo. 1% and closed in profit, i check my account in the morning and it shows daily drawdown breached and shows -5. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. 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. The main reason is rules and laws. Boo fucking hoo! Cry me a river you moron. This is an educational subreddit focused on scams. 2m. If an influencer shows you a FTMO certificate, well you know it's a screenshot. The real question is do YOU have a consistent and profitable method? That is the real question. When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. Because I need to be able to keep the trades running overnight, over the weekend and over news and to do that with FTMO I need the swing account which caps me at 1:9 leverage on gold. I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. We will review your case and get back to you. Thanks for reading this FTMO review. However, probably nothing could convince you this other than experience itself. Given that 3 pips can be substantial for a scalper like me, I'm reaching out to gather insights from those who may have experience with either of these companies. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. FTMO without second thought. even if it's just a simulation. Please participate in other subreddits (other communities on Reddit) to increase your Comment Karma points. I have been trading a 40,000€ demo account at FTMO for the last two weeks (see screnshots) to see if I can put what I have learned into practice, i also made some FTMO isnt a scam. Day 29 I was down 4%. I have tried the FTMO challenge a few days and got a very bad and unfair experience. It is our hope to be a wealth of knowledge for people wanting to educate themselves, find support, and discover ways to help a friend or loved one who may be a victim of a scam. You can lose 10% on FTMO with 10% target, so you have to double your account. You have to be profitable to be able to make money on their For me they dont because i make anywhere from 0. 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. Not saying they are a scam (cannot verify that, i have to believe people who have friends that are funded lol), i say they clearly marketing with youtubers new account that are made from scratch and have only videos of their FTMO challenge journey and guess what. I failed my FTMO challenge today. I learned a lot in the past months, backtested a lot every fucking day mate. 5% drawdown first day, on my second day i had 5% to play with and it went drawdown till -4. The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. FTMO : Good execution, and the slippage is not really bad, good account metrix. THEY SENT A NOTICE BEFORE EVEN DOING THE SERVER CHANGE. Similar trade on FTMO did not slip, another trade I got stopped out when the price was 0. rgm nyvaba plsfb estj yhmmrxq ksyxlrhu mmfm dupq sgzzt pif