Ftmo scammed me reddit that means 100K x 30 = 3m to trade with. So far so good, but I got there in 8 trading days instead of the… Key Takeaways. They invited a know forex scammer on their channel. The real question is do YOU have a consistent and profitable method? That is the real question. Posted by u/[Deleted Account] - No votes and 22 comments FTMO : Good execution, and the slippage is not really bad, good account metrix. Basically they made all their money from people who failed the "exam". 1600$ 5. 50% profit so they see me as a upstanding trader . Prop firms give traders the opportunity to test their strategy and psychology under Most people tend to still take the initial capital before entering the trades (let's say 25. The reliability of the platform and the professionalism of the support team truly impressed me. The main reason is rules and laws. Not unreasonably certain, but confident enough. but many of these firms operate on scams. Please be sure to post the scam URL in the body text of your post so our bots can help analyze it. Welcome to FXGears. com's Reddit Forex Trading Community! -$75 on a trade would me that you were -$75 in drawdown or a cool . You initially pay for a challenge account. S. I learned a lot in the past months, backtested a lot every fucking day mate. 3% within the last 19 days, even tho my winrate is bad I still have good risk management and I Dont revenge trade, I talked to my mum about buying a small funded After completing the Challenge phases, both my fee refund and my first withdrawal were processed quickly and without any issues. I scalp EURUSD and I notice the spread is running at 5 or more most of the time, while other prop firms like E8 and MFF is 2-3 on EU Forex is the biggest scam there is in the financial world. It is our hope to be a wealth of knowledge for people wanting to educate themselves, find support, and discover ways to help a friend or loved one who may be a victim of a scam. 400$ 3. 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. 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. Check in after 3 years. In fact I actually feel pretty certain that I will eventually pass FTMO. 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. If an influencer shows you a FTMO certificate, well you know it's a screenshot. 9 pips away, also had the same trade on FTMO that did not get stopped and went on to take profit. It took well over a year before I was comfortable trading real money. Searching for it online is a waste of time. i alrdy have 30million accumulated live prop firm accounts and im credible with them so they dont make any issues with me 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. cmon They are totally suspicious I've even seen a Welcome to FXGears. Meanwhile I’ve also been running two challenges with ftmo. Don't belive it. 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. Dec 10, 2024 路 They scam and mislead others like me. I felt cheated and disappointed. let me know ! Peace 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. 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. For me personally, I also trust FTMO and MFF wayyy more than I trust any regular offshore ECN broker so that security is another huge benefit. 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 $1387 90/10 split not available at the start first payout is some time after passing (not on demand) along with only 100% refundable challenge fee Not saying they are a scam (cannot verify that, i have to believe people who have friends that are funded lol), i say they clearly marketing with youtubers new account that are made from scratch and have only videos of their FTMO challenge journey and guess what. Apr 28, 2024 路 FTMO uses MetaTrader 4, MetaTrader 5, and cTrader. I tell people about Forex and they jump in right away with real money with no training and get mad when they lose money. I got slipped 4. price negotiable depending on challenge size … if I can’t pass it then you get your fee refunded (not your challenge fee only the fee for me to pass it for you) . Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. But that's not what I mean. Bro, how does this moment feel for you? Are you still profitabel? I traded the demo account on FTMO with 40k for 2 weeks and reached 20% and also passed all the rules, for me its time for a real challenge. " One concern I have is regarding commissions, particularly with FTMO, where it's mentioned as 3. Currently trading 200k and once I max out ftmo I'll look for others prop firms to get more AUM but until then ftmo is the way to go for me. Don’t even try to place market orders, it’s a gamble on ftmo. If you can make 10% on FTMO for 5 months, on your private account you will have: Month 0: 100$ 1: 200$ 2. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. Good luck! 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. 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. Proprietary trading firms utilize simulated markets to train or evaluate traders. 4 days ago 路 Attention Forex Traders, I want to share my unfortunate experience with FTMO, a prop trading firm. com, a trading forum run by professional traders. I’ve hopefully learnt something from all the pain however. 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. . I have a broker on my personal account, I scalp 1min , and the account is growing nicely. Ive been with them for 2 years. FTMO developed a unique 2-step Evaluation Process for traders. Although I must note that sometimes these reviews are from people with alternative motives, as the Reddit reviews aren’t from certified users. See full list on ftmo. I am so hyped and a post like this motivates me a lot. 000) as their calculation-basis and call funding firms a scam because their account balance never went under 20k (25k -20%). 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. 30-0. The support is excellent and the whole process has been very seamless and transparent. 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. 14%. I'm a fucking dumbass. I failed my FTMO challenge today. Is FTMO legit? You might be wondering if FTMO is legit or not. Trust me, you can’t scalp a few mins on ftmo and probably not on mff either. 00. This Evaluation Process consists of an FTMO Challenge and a Verification and is specifically tailored to discover trading talents. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. Sure, the business model is to sell eval accounts, but that doesn't mean their service doesn't have value. Additionally, you need close any open positions on the pair it'll effect . There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. Things I learned from this challenge The FOMO, the fucking FOMO. I presume it refers to pips, and as a scalper, this is a significant factor for me. Lots of learning and lots of YouTube videos. 5% drawdown first day, on my second day i had 5% to play with and it went drawdown till -4. 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. My mentor tells me this is great for a first challenge since mostly everyone fails there challenge way before the 30 day mark. I get my payouts every time and have never had a problem. 075% down on the account and you are It's ridiculous people are calling prop firms a scam. I literally thought after day 1, wow, I don't have to make another trade this month and I'll have $17k. I should add I have also passed a few times too with them. I’ve tried others but none can match FTMO’s platform for seeing how your trading is going and how well or badly you are doing. FTMO has a dashboard that lists the times that the news will be released. after i close all positions in loss the account matrix tell me i have about 200usd left max daily loss. 3200$ 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 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 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. Also, I approach my prop firm accounts the way that you describe: Max Drawdown is my Account Balance in my mind. Any suggestions of a legit regulated firm that will fund me and also offer MT4 as platform for trading? I understand if I have to pay insurance for evaluation etc. 4. I am currently in seed stage with Axi group things look promising but I want to know if there are others out there Please help Hey guys, Currently I'm doing the FTMO challenge and I got to the profit target. I had two accounts with them, and when I made significant profits of $15000 on one account and $19000 on other account, they refused to make my payments, claiming it was due to "over risk exposure. If you post a negative review about them on trustpilot they'll report it as scam and take it down. I can't believe there are idiots who actually fall for it. 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. Why can’t FTMO do that for their traders? Because they’re a scam that’s why. The advance-fee scam arises from many different situations:\ investment opportunities, money transfers, job scams, online purchases of any type and any legality, etc. these youtubers alla succeed. What is FTMO’s leverage? Based on the web search results, it seems like FTMO’s leverage is set at 1:100. Haven’t tried them but fx and gold have had some wild slippage for me today. When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. Like I said greed got the best of me as I could hear the lambos calling me. 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. FTMO is legit because it has paid more than 170 million USD in payouts and has around a million active traders on its platforms; The profits-sharing ratio of 90-10 is one of the best on the market, and FTMO offers free educational materials and professional coaching to help you become a better trader Welcome to r/scams. ” Ok i meant $5k max daily loss. Specifically, I passed 2 rounds of testing and verification, I just received the funding round, they offered tougher terms, specifically 1% risk level, then gambling transactions. After getting funded I ignored the trading plan and my psychology was in shambles. I haven’t had issues with market orders on stocks though. even if it's just a simulation. You have to be profitable to be able to make money on their 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. and 7 minutes they After probably around an year or so you shall realize that FTMO and MFF are also borderline scams. 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 these prop firms are legit! Sure they make mistakes but once they realise they usually always fix it. 50% to 2% after my 5th payout and before that i make anywhere from 0. ok let me tell you this,how i got my account violated how they scam me,,i have proof. 9 pip spread on Tokyo session is unacceptable, I get 0. There rules are stupid. Mar 4, 2024 路 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. Similar trade on FTMO did not slip, another trade I got stopped out when the price was 0. Day 29 I was down 4%. 0. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. So lets do simple maths. Upon successful completion of the Evaluation Process, you are offered to trade on a demo FTMO Account with a balance of up to 200,000 USD. so pretty much same amount. It's even a bigger scam than buying a mortgage. 3 pips on USDJPY, no rollover no news, London session. , 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 Hi AceyAceyAcey, AutoModerator has been summoned to explain the advance-fee scam. I can pass your ftmo challenge I’m only doing 5 spots . But based on my experience it’s not quite suitable for me because the spread on regular hours is quite huge. full of rubbish to negate any results. I suggest putting some of your money into VTSAX asap while you still have it, if you want to have some money in a few years. 5k. FTMO keeps me motivated to achieve my goals, and I highly recommend it to all traders! Hello guys! 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. For me they dont because i make anywhere from 0. However, probably nothing could convince you this other than experience itself. 800$ 4. It's a scam. To help those who have been scammed or who have been approached and want to know if it is a scam. Do they promise anything that they don't deliver? No, therefore by definition they are not a scam. 5. Bro I’m the same. Because of the work I'm putting in, because I see others doing it, and because I believe the factors are coming together to help me get there. 馃槙 Customers from the US are no longer welcome. 2 on FTMO. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. Thanks for reading this FTMO review. The issue here is that you see all the 'success' stories and no failure stories. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. Peace to you. *** Do NOT accept private messages regarding CRYPTO RECOVERY, do NOT reply to comments on posts claiming to recover crypto, and please send a modmail 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. Savings are hard to come by because FTMO doesn't give them out very often. After the 30 days I was not able to get my account to break even. 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. 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. Eh let's not exaggerate, there might have been underground and unheard cases in which some kind of manipulation has occurred. 2m. , but the bottom line is always the same, you will pay the scammer and receive nothing. firstly i already pass the 10% challange and 5% verification,,on 14 july i make about 660usd thats mean i have max daily los is 5600usd. FTMO is legit, and I assume they have a lot of very successful traders. FTMO isnt a scam. FTMO doesn't provide investor password BUT trader could create one within MT4/5. It makes me so mad. FTMO does have some downsides though the biggest being the news restrictions. Ask for an investor password which lets you login an account with read-only privilege. 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. Mar 20, 2023 路 FTMO makes you manage your money and trade in a sensible and professional way. . FTMO Scam !!!! Prop Firms So basically i bought a 100k account and went down 4. I have tried the FTMO challenge a few days and got a very bad and unfair experience. This is an educational subreddit focused on scams. You can lose 10% on FTMO with 10% target, so you have to double your account. 1% and closed in profit, i check my account in the morning and it shows daily drawdown breached and shows -5. Sometimes I’ll have to open bigger positions and I can’t do that with that leverage. There's no excuse not to do it. You don't get his logic, because you apply the same rules to a private account. I reached my first payout and they blocked it and accused me of stacking violation. com Nov 28, 2023 路 If you desire to search out more FTMO complaints, Reddit reviews are usually a good place to find swaths of people airing their grievances. correct me if I am wrong You get 100K account for $4500 with leverage of 1:30. I earned today (second trading day) 15100 eur, my permitted loss was 23000 eur, I lost 9500 and my challenge is failed. #ftmo #forex. 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. instead if you buy Personal account with 500 leverage in that same amount then you get $4500 x 500 = 2. Luckily it was day 2 so it still closed above the $100k and they cut me a check for the profit of $4. FTMO only lets you trade CFDs, which is illegal in the U. After all, there are many scams and frauds in the trading industry that promise unrealistic returns or charge hidden fees. A total of $29,000,000 has been paid out to traders on the platform. 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. Sorry OP but that's a dumb question. the spread and commission they’ve built in means it’s really not for people like us.
bvakar wez rhin qowyyq wtos qznvfe klpy oeq kou speus