Ftmo commission reddit. 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. 400$ 3. I passed, focusing on my risk management, not profit. Their scaling plan of 10%/4 months is more realistic. You don’t need to score any minimum profit to receive a Profit Split, only just enough to cover the transaction fees* Whatever amount of profit you generate, you are entitled to withdraw 80% of it. I personally already have a micro company here in France. 3 pip spread etc. 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. The company's mission is to maximize the value and utility of digital assets through our comprehensive product suite including advanced trading solutions, liquidity aggregation, tax-efficient asset-backed credit lines, a high-yield Earn Interest product, as well as the Nexo Platform and Nexo Wallet with their top-tier It is recommended because it is trusted. With FTMO most majors have 2 pips. You need to demonstrate your experience by sticking to Maximum Loss Rules while making the necessary simulated profits of 10% of initial balance. 1% with FTMO and +4. You initially pay for a challenge account. 383K subscribers in the Forex community. I haven't seen their spreads but I do know they use live accounts for their challenges unlike FTMO and FT etc. You are trading with their money with the intent of producing a return against the market. 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). 5 months per scale up. 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 Has anybody experienced a reputable prop firm they’d recommend that doesn’t have the level of commissions that FTMO has? The commission on FTMO Swing MT5 is eating into my profits which I don’t think long term works for my strategy 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. 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. 000 x 30 = 30. 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. Posted by u/_iron_wolf_1996 - 5 votes and 17 comments Hello, good day everyone. With FTMO, the figures are 10% and 20%, meaning that The 5%ers are the winners here as the percentages are lower. They have really low spreads and no commissions, beats most of the retail brokers out there. You will never have worry about a "MyForexFunds" moment w/ FTMO. The profit split starts at 70% for traders and can go up to 90% based on performance and the Scaling Plan. However, FTMO offers a variety of account sizes and profit split options, catering to a wide range of traders and their preferences. 0040% per lot, metal CFDs (XAG, XAU, XPT and XPD) have a commission of 0. Yesterday I took 6 trades with profit of 0. 10%/month like FTMO is not realistic imo. They have better rules imo and the spreads are crazy tight with 0% commission. No issues. -Share FUNNY Trading Welcome to FXGears. I have a broker on my personal account, I scalp 1min , and the account is growing nicely. 0010% per lot. Factor 2: Growth Potential Commissions. FTMO is a prop trading firm. Practical Definition A Point in a practical definition is a unit […] If I close a 4 lot trade that is $300 in profit, there is a $20 commission fee and my history shows a profit of $144! I also just closed a losing trade at -$618, and my history shows it as -$913! I get it, there might be some slippage, but 50%?? Why isn't there any proof of FTMO scamming people. Anyway, I linked the two accounts to my trade copier, and the exact same trades have resulted in +4. Lots of learning and lots of YouTube videos. I've done challenges on both and I personally prefer FTMO. The FTMO Challenge is the first step of Evaluation Process and educates you to master your trading habits. Welcome to FXGears. You can hold trades on weekend but you must go for the swing account meaning you are losing leverage. I wouldn't trust my money elsewhere. Ask yourself this: why would they charge you a commission on each trade when you are trading with their capital? Is it correct that FTMO has no commissions? Anyone know how the spreads compare to Oanda? Pros and cons of any prop firm (FTMO, MFF,) Pros: If you know how to trade consistently but have low capital, you can leverage your skill to gain access to a relatively large account, thus able to build your equity faster. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. The profit targets for two of The 5%ers’ packages are 6% and 12%. 0-0. 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). I tell people about Forex and they jump in right away with real money with no training and get mad when they lose money. FTMO does have some downsides though the biggest being the news restrictions. 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 $200k account. Sep 23, 2023 · FTMO offers a funded trading program where traders receive a share of the profits while FTMO covers the losses. For now this is the end of my journey with FTMO as those who have been following my progress know I develop an algo in the MQL language. 000 account) and 30x Leverage, so I risk 1. In the other note I believe in every single one y’all who are trying to make a change. They offer the same account sizes as ftmo. FTMO companies do not act as a broker and do not accept any deposits. Prop firms are not for everyone, but telling someone to not even give it a look is just retarded. Now they have removed US clients access to MetaTrader and are pushing DXtrade instead. 6pip but on a 5 lot trade you'll pay 300$ worth of hidden commission in the form of Slippage/Requote (I'm talking slippage without any news volatility just normal trading hours) Trying to pass one of these prop firm challenges isn't easy. Their challenge requirements are slightly less too. Always payout, every time. You don't get his logic, because you apply the same rules to a private account. I just waited until it came. Trying too hard and studying too hard has diminishing returns and is counterproductive. People bitch about higher cost and FTMO being 'plain jane' without all the bells and whistles, but that's what makes them great. You can lose 10% on FTMO with 10% target, so you have to double your account. 04, 160, 240, 40, 80, 40. It makes me so mad. 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. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. Meanwhile I’ve also been running two challenges with ftmo. Let's say some other trader in another part of the world also happens to trade the 5m EMA crossover strat and takes the same trade as you. Literally not one negative trade. For swing traders, it's a great improvement too once they actually get the funded account. 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. Can't go wrong with FTMO. 5% with the 5%ers, all due to the spreads. *** 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. Nexo is the world’s leading regulated digital assets institution. I mean I'm not a prop firm fan at all really but 5%ers sound like they are probably geared more towards swing traders. com, a trading forum run by professional traders. Funding talent has a challenge now that has NO restrictions and their cut is 80/20 vs 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! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. FTMO challenges may cost more but their commission rates are far less. They are also large enough to offer their own brokerage along with your funded account. Took alot of shit from other people. Even on Gold I notice there spreads can get a little high. Yeah the commission is fr that bad. I've made 4 withdrawals since May. 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. USDCAD got 7 pips at the moment. so it's unlikely their spreads are better. Sorry OP but that's a dumb question. (1% of risk per trade with 66% win rate) FTMO rules are far laxed compared to the firm I work for now but l manage a far bigger book and obtain bonuses and payouts. So you pay $3 if you trade 1 lot. The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. If you can make 10% on FTMO for 5 months, on your private account you will have: Month 0: 100$ 1: 200$ 2. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. Feb 16, 2021 · FTMO has a better profit split (70-30) than The 5%ers’ 50-50. 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 FTMO recently blocked new and existing US clients from purchasing new challenges or trials. Pro & Cons= MFF : Cheap registration fee, reasonable spread, $3 commission on forex pair, 12% max loss rules. What makes their two-week account great is you can get familiar with what the spreads are with them, and how much commission they charge. No "gotcha" moments or stupid fine print rules. 800$ 4. Swing traders can go through a multi-month drawdown even with a profitable strategy, b Welcome to FXGears. . But for the challenge, they're faced with the same problem as before. 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. 3200$ Equity CFDs have a commission of 0. Trust the process and don’t give up. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. 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 Let's say you trade a tripple EMA crossover strat on the 5m. Got to give it to FTMO. But you can only trade 400k with them. Traders can remotely manage an FTMO account with a balance of up to $400,000. 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. And they don't show you the commission they deducted they only show you your net profit. (Should you pass) also they have HIGH commission per lot size traded. Points Points have 2 definitions, a practical one and a technical one. 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 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. Use VPN and bypass those idiots. 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? 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. We always hear of 5%ers, Ftmo, MFF ect But I haven't seen one post about alpha capital. 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. Another common question from clients is how commissions and margin sizes are calculated. 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. Damn thinking back I was smart af. note: Weekend trading hours on Cryptocurrencies may vary on each platform due to weekly scheduled maintenance times. FTMO charges subscription fees for each evaluation attempt, which can add up for traders who need multiple tries to pass the tests. So this how the first FTMO payout went. I did not contact support. Trust me, you can’t scalp a few mins on ftmo and probably not on mff either. This will be the closest thing to a real account. - To be with other like-minded forex traders. 000 for a Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about… It's a huge improvement for day traders at least. And there are props that deal live money accounts on A-book brokers, with no equity-based drawdow, and no maximum time limit for the challenges, no commission indices, no rules around news, 0. I'm by no means bragging, I'm simply stating that FTMO is worth it and anything worth doing is hard. Bro I’m the same. But FTMO showed -40 for the day 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 FTMO has 1,5 USD for open and also for close. 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). I know FTMO offers a free 2-week demo challenge account to practice on. so literally, it's not trading firm , it's educational firm for profit taking in all aspects instead. 8 - Win rate of 55-60%. You have to be profitable to be able to make money on their When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. The real question is do YOU have a consistent and profitable method? That is the real question. 00 - Leverage Normal 1:3. Real fuking hard. In this article, we will discuss the difference between Points, Pips, and Ticks. For indices (cash CFDs including USOIL and UKOIL), cryptocurrencies and futures CFDs, no commission is charged by the FTMO. I have screenshots of my p/l. Of course, we can offer you several formulas to calculate the size of the margin or the maximum position you can open in your account. Now we can trade through high impact news and hold runners over the weekend if we want. FTMO has better payout in %, better customer service from what I've been told and a better dashboard/client area. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. We don’t charge any commissions for withdrawals. plus they have to gain money from commission or some fee for operation or staff cost. IMO, MFF only beats FTMO with better evaluation requirements. The calculation for the commission is as follows: 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 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. 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. 5-1. Spreads are okay. When people take a $200K challenge--if they pass it and receive a $200K "funded account" it in reality is only a $20K account. Commissions/spreads are low and competitive. Let me guess, you don't have a backtested working strategy, can't manage your risk, you're overleveraging, can't handle your emotions, you're bitter and blaming FTMO/others for it. How about commission and margins. Took me an average of 1. 74 votes, 117 comments. 1600$ 5. For BTC it says = Contract size 1 - Margin percent 30. FTMO is legit, and I assume they have a lot of very successful traders. Symbol Specifications & Trading Hours. For a new trader, it may be quite difficult to understand trading terms that define units of price change. The offered technical solution for the FTMO platforms and data feed is powered by liquidity providers. With IC i had on most major pairs zero spread. The one advantage of top trader is you can make withdrawals whenever you want. 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. the spread and commission they’ve built in means it’s really not for people like us. It took well over a year before I was comfortable trading real money. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. but not as tight as ICMarkets or some similar. bhfirwphuykhzlmsjpdgbyaehygohgbjgveopehhwgxijdrd