Ftmo payout reddit The spreads are pretty good but in total i pay about 20% of my profits to commissions. Check out our FTMO Review here on Reddit. I passed, focusing on my risk management, not profit. FTMO definitely isn’t a scam. Once you have 10k of your, you can trade using your own capital and keep 100%. He’s a private guy so I can’t share any of his recent ones but this is one from 2022 r/Forex • Also keep in mind that if you do pass and get a funded account--currently payouts (with most firms) are only allowed once every 2 weeks which means the odds are in their favor that during those 2 week intervals you will either stop trading once you have a small profit to wait for your payout (as you cant withdraw profits daily), or you will The founders aim to continue improving the educational aspects of the platform. 5% monthly, if I was trading a personal 50K account, I'd be up $9000 EOY. I know ftmo has a payout date for profits. This means that they can generate 10% per month on base capital = $800 payout after FTMO keeps 20%. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. For Christmas I think they’re doing 90% payouts. Take your profits out and fund your next challenge. Now let's assume you makes 10% profit/4 months based on FTMO standard. FTMO has also started acquiring other trading firms like Quantlane. After passing both phases of the account challenge what are the requirements to actually receive your first payout and how long does it take to receive? I’m aware some of the other firms have a required amount of trading days as well as a 30 day minimum before you can actually be eligible for a withdrawal, what’s FTMO’s stand point on this. A place to discuss forex strategy, ideas, analysis, and concepts. 000 FTMO Account and always gets the payout, one time 2 weeks too late but he got it Welcome to FXGears. you could try getting 100k each from 4,5 top firms too , like 100k each from FTMO,Funding pips,5ers,CTI. Imo, it defeats the point of the scaling plan if FTMO is that afraid of a random successful trader here and there. If you pass the challenge then you'll move onto the verification. 10%/month like FTMO is not realistic imo. 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. Trying too hard and studying too hard has diminishing returns and is counterproductive. 383K subscribers in the Forex community. 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 Even fewer percentage (0. So the default payout ratio for all FTMO Traders is 80:20; nevertheless, New News is They do not consider an 80 percent share to be acceptable. 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. Hilarious. Look at Bernd Skorupinski. 2 on FTMO. Aim for base hits before you think about homeruns. Obviously selling currency back into another currency is never taxed (Real currency trading). This rule is in place to ensure that an ample audience can freely discuss life in the Netherlands under a widely-spoken common tongue. FTMO offers 90% payout for 2M. So obviously, there’s something wrong with the strategy. " Still need to pay 155 Euro. Yeah. which is more than enough to pay out the traders that do make money (90%+ loose) -the really great traders with good rm and consistency over a longer term basis get copy traded onto a larger live account. I withdraw every 2 weeks. Assuming no blowout, in an year one would have generated $9600 or roughly the same capital FTMO is providing to you. I learned a lot in the past months, backtested a lot every fucking day mate. 0. 8 billion CZK. o Reddit. Things that helped me pass my FTMO challenge, verification, funding and payout . Articles, links, etc are all… Like the market owes me right. First payout is this week, which unfortunately will all go towards paying my taxes and bills for other shit lol. Try to have less payouts and few good prop firm accounts . I'll ask him if he can share the proof here. If it’s your first payout you will get the refund of the initial payment of the challenge as wel. It took me 2 days to pass the first stage, 4 days to pass the second stage. I’ve heard this from three different traders. One firm MFF it’s been said doesn’t like to payout more than 25k on their expert accounts and will make up reasons to deny you. $187,200 through bootcamp. In this case. FTMO's 70/30. "Please note that Free Trials don’t give you any eligibility to automatically secure your FTMO Account. Halfway there on the second challenge. I don't know which prop firm this is, but FTMO has the highest entry barrier as far as I know (10% profit in a month). Could you help us with your clone account size? And i really curious if you scale it up to >1-2M$, will FTMO do something with you? Thanks a lot for your answer. I seriously doubt that this is a marketing post by FTMO FTMO TRADERS: how long does it take for your profits to arrive your bank account in ftmo withdrawals? Another point to note is that trading with own money is always better and profitable in long term. Yes FTMO does payout here’s a payout from a good friend of mine who is max allocated with FTMO. FTMO traders can request payouts starting 14 days after their first trade, with an 80% profit split, which can increase to 90% under FTMO’s Scaling Plan. Can anyone confirm that either they or someone they know directly actually received a large payout? Also rea over 70% of prop traders don't get passed the third payout. 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. Posted by u/_iron_wolf_1996 - 5 votes and 17 comments I received the "Payout Processed" email 42 hours ago. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. No, not at all. 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. This is because as part of the ftmo contract agreement that you sign when you have an account, you are providing a service to the company and thus they then pay you for said service. Pay about $350-400 to be tested on your trading skills and upon passing you receive up to 100k in funding and a 70/30 split of profits where you pocket 70% while they keep 30%. This is why I recently have been focused . They're handling my account now and take another 40%. Just remember less than 10% of people pass their challenges, and if that about 2% actually take any profits whatsoever ¯(ツ)/¯ if you’re rocking through even 10 challenges for one payout that MIGHT get you to break even it is an indication this is probably a waste of your time. You can meet all their goals but if you don't pass the interview, you can't get to the top. Sorry OP but that's a dumb question. I am not funded with them and only know about the interview from Reddit. But they do not provide any more details. You get a much bigger drawdown amount relative to the fees paid for the challenge. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. I know some people who can easily make 50-70% return each month. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. We are making you increasingly happy here, too. If you earned a total of 60% you will get a payout total of approx. We deliver a Trade on the platform and you pay only if there is a profit. As long as you keep the challenge fee money aside, you can retake it again if you happen to lose it. 9 pips away, also had the same trade on FTMO that did not get stopped and went on to take profit. (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. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. Now that MFF is having some issues due to their business model that involved using money from challenges to pay traders. Reviews and what people say about them in the social media look good. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. 24% of people who pass. My opinion would be go for it, but be disciplined and use it to fund your personal account to a good size account (10k, 25k, 100k, whatever you're comfortable with). 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)? Yes, my friend was able to get a $4540 pay-out from FTMO. I’ve passed the first challenge for the $200k account. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. 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 ppl have gotten pay outs if EAs are allowed they won't find a reason to not pay you I felt ready, and started my first ever FTMO challenge on Monday gone, ended up making 9% this week and I am around €70 from the profit target of €1000. Yes thats exactly it. 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. You never know when you will breach any of the rules or when they changed any of their rules. I was recently reading up on funded Accounts like FTMO. My view on copy trade is different, especially because we work with it. I’ve failed it and failed to keep up with the requirements which got it closed. As long as you don't violate the trading rules / terms & conditions they will pay out. Provided there is some profit on the FTMO Account from the simulated trading, the Reward Day can be changed up to 3 times for each withdrawal Monthly payouts have moved from an average of 305 in 2020 to 1,713 payouts in one month in 2023 (we then sent 2,753 payouts to our clients in January 2024 alone). I get to pocket the last 40%. To be honest. Posted by u/tryui18 - No votes and 8 comments I got slipped 4. sometimes accidentally placing the same stop losses. The answer is only people who have gotten a payout know… and particularly people who have had big payouts exceeding 50-100k. They make money solely on people not passing. It is a contractor position and as such, income tax. e. always let your initial capital come from firms which are considered tough like FTMO,5ers,CTI. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. I've seen it myself. com's Reddit Forex Trading Community 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. Then, there's the other service I used to pass the challenge. 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. 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. Also, the amounts we pay out to our traders are very interesting. 9%) of those survive until the first payout/refund of challenge fee. Once I got funded live, took me about a week to hit $20k profit on the $200k account. Every withdrawal has been multi 5 figures and they have all hit my bank account the same day. And there are props that deal live money accounts on A-book brokers, with no equity-based drawdow, and no maximum time I trade with Alkaline Capital and they allow me to trade options. This achivment is about all the struggle you passed before to get that payout 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's business model is based on the failed challenge fees. The Reward from an FTMO Account is processed on a monthly basis by default, with the option to place a withdrawal on-demand after a period of 14 calendar days from the first placed trade on the account. The real question is do YOU have a consistent and profitable method? That is the real question. I don't think FTMO would be afraid of someone who is outperforming others. People say that is why you never hear about anyone making it to a salaried position with them. - To be with other like-minded forex traders. But here is the problem: is FTMO using the same business model ? Especially because they claim they use their risk management for demo accounts connected to live markets. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. In FTMO, the maximum daily drawdown limit allowed on a $100K account is 5% which is $5,000. Posted by u/Deploratus__ - 2 votes and 4 comments •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. However when he made 90k they did not pay him out and Ftmo is ignoring his emails and support is not giving any helpful answers . 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. Welcome to FXGears. I have come along way! Please share your experience with trading or even FTMO :) 2 days ago · 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. I also only think you can fail the challenge once and lose your initial investment. I just received my 4th payout from FTMO today. com, a trading forum run by professional traders. Just make sure its a reputable company like FTMO, 5%ers, Skilled Funded, etc. This is my 3rd time with FTMO. Any Canadians with FTMO that can help? I was expecting a profit split from FTMO via bank wire, but apparently my bank canceled the transaction(per… Good afternoon Traders! I have successfully passed my $100K FTMO challenge. Similar trade on FTMO did not slip, another trade I got stopped out when the price was 0. This is where things get interesting. A new prop firm could go bankrupt if their model is not bulletproof. So to them, it is a completely risk free business. The ACH transfer already went through and has cleared my bank. once you're a full FTMO Trader, you can even go on an entire month without trading at all if unforeseen I passed my $200k FTMO challenge a while back and am close to payout. Real fuking hard. I see no reason to use anything either than FTMO, they have established themselves, have lots of good reviews and most importantly they have the capital to pay people and support their system. For a balance 23K subscribers in the Forexstrategy community. He’s a private guy so I can’t share any of his recent ones but this is one from 2022 Actual Fx Broker here, forex profits are tax dependent on what kind of trading you do. Very happy with myself and my progress, especially that I started trading less than a year ago. my order of preference is FTMO > 5ers = CTI >FP (have experience with all firms , never had an issue with any of them) I have 2 ftmo challenges under the same account and I've been scalping on both accounts placing similar trades a minute or less apart but with different stop losses. I have no time to mess with that as I am running 300k with FTMO. 3 pips on USDJPY, no rollover no news, London session. Which one gives you more money? Second is the time it takes to scale your account. After getting funded I ignored the trading plan and my psychology was in shambles. FTMO is legit, and I assume they have a lot of very successful traders. Pay yourself first as it's not your money. 000, they will payout the profit split every month or at the selected profit split date. My friend has a 200. I've been I trade on lower time frames with Oanda with the commissions options. Dude was managing a million dollar account with them and went on to trade for some firm out in Dubai. After your first payout with FTMO you basically are playing with house money. FTMO take their little slice right off the top from payouts. Currently up $500 right now but my goal is definitely to hit 4 figures on this 2nd payout and eventually get like you with 5 figures. You have to be profitable to be able to make money on their It’s a solid profit. They will pay if you pass but they they don't like people passing (except for marketing). Due to regulatory reasons, bank transfers are not available for payments/withdrawals in the case of the following countries: Venezuela, Cuba, Sudan, and Ukraine. Then the new month you start with your initial balance which is 300k. 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. 9 pip spread on Tokyo session is unacceptable, I get 0. So I decided to try out FTMO. A prop firm that’s legit would have no problem with the pay out. 20 to 0. I still think FTMO is a great short term idea. once you pass they give you the acct, and from then you grow the account and get paid from it You initially pay for a challenge account. I am so hyped and a post like this motivates me a lot. But the normal payout is 70%. As long as you know the game you are playing getting funded is always the best option. If they fail, you are still out FTMO's challenge fee. If they pass, you pay. Payouts are processed within 1-2 business days, with a minimum profit requirement of $20 for bank transfers or $50 for crypto. This just gave me motivation let’s gooooo! View community ranking In the Top 20% of largest communities on Reddit. There’s a lot of reasons prop firms deny payout. -Share FUNNY Trading Congrats big dawg 💪🏾 ; I have a 50k funded account too! Already got my first payout last week and my 2nd payout will be end of this week. The scam ones may pay out small amounts, but will make up every excuse on the book not to pay you big pay outs. Welcome to /r/Netherlands! Only English should be used for posts and comments. FTMO is a prop firm where you can get a funded account to trade. Maybe I just need to be patient and wait another day. 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. 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. . never pay regular price for challenges in MFF. 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. Maybe for whatever reason, the payout has processed but isn't fully complete on FTMOs side for whatever internal reason. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. But, on High Stakes you only get $57,542 total payout. 24% pass and get payout (MyForexFunds statistics). You can pay for an FTMO Challenge via bank wire transfer, debit/credit card, cryptocurrencies, or Skrill. 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. 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. Braking rules for one but in some cases they just don’t want to pay and will just make up a reason. Users appreciate FTMO’s clear rules and reliable payouts. It doesn’t matter how much money you make on the funded account, it can be $1 or $100. Can confirm? Hello guys hope you are doing great I would like to ask you please about FTMO payout A friend of me requested a payout but they told him for some reasons ( i dont know them because he didnt tell me) they split the payout requested on 12 months. Once I receive a payout I’ll post a screenshot here. If you have 100k of course they will find a way to delay or even not to pay you. I just worry that if the payout is too big, that's when firms get sketchy and make claims of broken rules or something to avoid paying. My friend had a payout from Ftmo for 20k they did pay him out. Nov 22, 2024 · The FTMO Reddit reviews are also generally positive. I hardly post on reddit but wanted to ask a few q's. My $100k FTMO demo has ended after 14 days and I No prop firm company wants you to pass. 19 votes, 35 comments. I’ve been trading for about 2 years and have yet to make a consistent profit. So I did the analysis of the best challenge to do for max profits over time. They have promos every month. Am I gonna get suspended in the future? I'm almost through the 200k challenge and my consistency is looking promising. But i found a similar popular prop firm "Topstep" that display on their website that 5487 traders has been funded so far for the year 2020 and a total payout of 2,026,505 (updated December). Im going to pay for the challenge when i can make $30k. Only 0. 5k Man i had the same payout last monday! my first one ever with Apex too! I know when you say "happy is an understatement" because this achivment is not about money, no no, it is not. 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. com's Reddit Forex Trading Community! Here you can converse about… This data is not surprising, how could a company afford to pay someone 90% to 100%(Apexfunding) of profits generated from a sim account unless the vast majority of aspiring traders weren’t donators to the cause. Same here. If I was trading a 2M account, I'd be up $360,000. The max daily loss is the thing you need to watch out for. Focus, first, on getting your first payout at 2 - 3% of your account so you can get paid and get your challenge fee back, THEN you can aim to add extra points each month. The website, dashboards etc are waaaaay above other forex prop firms, looking actually pro. In essence, less than 1 in 100 people who take a paid challenge survive until the first payout and challenge refund. So High Took me an average of 1. But I’m still questioning if ftmo would do a full payout on such high profit. The founders want to keep FTMO headquartered in the Czech Republic. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. Their scaling plan of 10%/4 months is more realistic. 5 months per scale up. 35% moves in the market (before leverage) with a 2:1 RR on an intraday basis. Traders have shared their decent experiences with the prop trading firm. For 200k FTMO account (max you can get), every 4 months/10% profit you get 25% of initial balance, which is 50k. If you earned the same percentage on Hyper account you will get a total approximate payout of $97,200. Personally I got some small pay-outs from prop firms, but unfortunately I wasn't able to get a payout from FTMO as I switched prop firms after I failed my funded account. But you do get a payout. But the more people pass and get payout the less My guess why it is so low: reaching payout means having to pass three quite high tests in a row, obviously somewhere along that line almost everyone stumbles. hlo brother i have researched alot about this topic and gained so many crucial things how it actually works, first of all i wanted to tell you that it's completely legal in india , because this is like a freelancer where you are provideing your services to a person or a firms , and you even sign a contract with them via deel where you recieve your payout via various payment mehtod , bank If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". No need for FTMO. 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 you are good enough to pass these challenges and get a payout you really don't need to use one of these companies. They are ok with paying out those 0. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. So Now they will boost the balance of your FTMO Account by 25% if you achieve the terms of their Scaling Plan, but the How can they afford to pay you a salary if they give you back 100% of the profits ? Another question is slippage and spread, I mainly trade indices (SPX500) with a good consistency, but my strategy aims to capture 0. Let's say I make 1. wait for it if you wanna pursue it. In 2022, FTMO had revenues of 4 billion CZK and EBITDA profit of 1. to be fair, they are cheaper than FTMO and they allow trading during news events that's why i tried it out (i believe FTMO doesnt allow it once you are fully funded even for non-swing account) Welcome to FXGears. I'm by no means bragging, I'm simply stating that FTMO is worth it and anything worth doing is hard. But they operate differently from FTMO ones in the sense that they simply give 25x leverage on the capital put with them and 90% payout In a challenge at the moment with them i took 2 days ago. einjv nneh dltunckt gbuhj sdiwzb prik zgxmtb wogpnqi hzjy jjnsg

Ftmo payout reddit. They have promos every month.