Ftmo payouts reddit. Types of Prop Firms: CFD vs.

Ftmo payouts reddit I also only think you can fail the challenge once and lose your initial investment. This is just what works for Welcome to FXGears. FTMO doesn’t have time limit anymore, so I would decrease risk even more, risk so little that you can easily lose 20 or more trades in a row. Trading spx500 went short around noon, and it didn’t come back. Which one gives you more money? Second is the time it takes to scale your account. I have traded at FTMO Trial failed one but passed twice. FTMO trading and Payout. On 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. I’ve failed it and failed to keep up with the requirements which got it closed. r/Forex. First 25,000$ of profits completely mine. I tried to see how it goes via Riseworks, so I requested the payout there. Add a Comment. does anyone have knowledge about it And finally, the most important number: total payouts in 2021! In the past year, our FTMO Traders received an outstanding $29,000,000 in payouts. They don't have to scam. Looked into topstep and for me what I'm paying for is the challenge itself, and I'm happy to pay it. The payout they give you can simply be regarded as fees for market consultancy in your ITR. When you request a profit withdrawal, you have the option to receive your profits in regular bank wire transfers, Skrill, or cryptocurrencies. , 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 faced with such strict trading restrictions Our FTMO Traders can now submit their payouts in the most popular cryptocurrencies such as Bitcoin, Ethereum, USDT and more! So if you are an avid crypto trader, you can go through the whole FTMO experience only using cryptocurrencies, from paying for an FTMO Challenge with crypto, trading crypto during the Evaluation Process and withdrawing your profits in your Welcome to FXGears. , FTMO, Topstep). Strict metrics - means tough, yet clear, screening for entry. This question is specifically for people who know about UK tax and prop firm trading. They'll take a payout and some of it is put into a "jar" that goes towards high-leveraged programs. • Profit payouts at FTMO are among the best in the industry. If you pass, your next step should be to get your payouts consistently because majority people that pass a funded account evaluation are not even able to get their first payout. FTMO take their little slice right off the top from payouts. I saw a massive payout of 87k seemingly out of nowhere by a guy named simranjit. I’m wondering will I have to pay tax on ftmo profits, then fund my account and pay tax again after making profit on personal account? What could I do so I can not pay/minimise the tax on ftmo so I can use the capital to build up my personal account. forget FTMO are dodgy af. It's because they recently got some major competition from another prop firmApparently these other guys changed part of their business model to one-up FTMO in every category (profit splits, easier challenge, bi-weekly payout's, less rules) I'm currently with FTMO and really love them but damn these competitors seriously stepped it up. Types of Prop Firms: CFD vs. Get app Get the Reddit app Log In Log in to Reddit. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Good afternoon Traders! I have successfully passed my $100K FTMO challenge. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO payments are regular income because you're not actualy trading any money. In a weird way, when I treat my FTMO accounts and personal account (connected with social trader tools) like demo accounts, I stop Is anybody in here funded by FTMO? If so, what account size are you using and in what ways has it positively or negatively affected your life? You invoice them to get a payout. Open comment sort options r/Forex. FTMO gives you $100,000 to trade, that has nothing to I’ve no problems with FTMO. I looked over the new features today and they seem like a legit way of pushing traders to look more toward the longterm since you have a pretty good track record to qualify. I even got my profit-split less than 24 hours after I submitted the invoice. They didn't return the fees after passing, and never approved payouts. Try to have less payouts and few good prop firm accounts . FTMO Reviews on Reddit. Or check it out in the app stores Competition in the space makes everyone better off! Now is the time to take advantage guys ftmo profit split update. Monthly payouts have moved from an average of 305 in 2020 to 1,713 payouts Obviously ftmo is the next biggest competitor. So deel has temporarily stopped processing payments for most prop firms, even the ones not based in the US or Canada have been affected eg 5ers. Then the new month you start with your initial balance which is 300k. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO offers 90% payout for 2M. Open menu Open navigation Go to Reddit Home. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Hi! I am FTMO funded. He’s a private guy so I can’t share any of his recent ones but this is one from 2022 FTMO has been reliable throughout my journey. If you pass it, you get funded. Smh. Btw I bought funding pips challenge instead, their trading conditions are really good, it's simulated funds tho, unlike 5%ers. A €400 traded suddenly became a €470 trade lol. If you have a 50k account and hit big payouts (20-40% for a couple of months) they consider you a risk and will eventually deny you the payout for breaking their rules. THANKS Share Add a Comment. Ftmo is more expensive and the spread would widen during normal market prop firms like ftmo,mff allow traders to trade with them globally. I'm sure there are plenty of traders that earn them. For Welcome to FXGears. Bonus Rollover: Receive a 5% bonus when you roll your profits into a new FTMO account (withdrawable after 30 days). title. FTMO basically, made a two-step process to check out your trading performance. Please leave your thoughts in the comments. After passing does phases your then get a funded account. Proprietary trading firms utilize simulated markets to train or evaluate traders. Or maybe you have a success story you’d like to share. If you are consistent and profitable with futures or forex, using a prop firm may be better than a personal account. FTMO is the most trusted, if theres anyone you should watch out for with payments would be funding talent. They have so many rules on their payouts. 5-1%), there's nothing to worry about. 1% of those who take a challenge pass both stages. I have 2 questions: How long does it take for group payouts to enter your account My 1st month I almost hit 30% using only the 5 min chart of apple. Btw: after payout, they reseted account to 100k. Posted by u/dghostman_1980 - 6 votes and 6 comments 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 I received the "Payout Processed" email 42 hours ago. As for lifestyle, couldn't tell you. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I never hear about big payouts. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! and runs Volatility. 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? I find that this stretches credulity Their customer support is also top notch, I never had an unanswered email or an unhelpful live chat support staff. 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. Thats crazy and i didnt include commission. I get to pocket the last 40%. FTMO hasn’t been affected This means that they can generate 10% per month on base capital = $800 payout after FTMO keeps 20%. For Christmas I think they’re doing 90% payouts. Overnight rollover swaps are subject to regular changes and adjustments, reflecting, among other things, interest rate differentials and dividend adjustments. Users appreciate "When you pass the phase 2 of the Challenge, will FTMO pay you the refund OR will they only pay your refund when you achieve your first payout?" You get your challenge fee back AFTER your FIRST payout. I know some people One thing these firms should change is the changing the payouts to daily. Weekly payouts. First payout is this week, which unfortunately will all go towards paying my taxes and bills for other shit lol. This is the funded account Apex probably takes the cake for payout difficulty. Old. "No profit targets for payout. No stop loss requirement. Adding to positions to balance out the cost, ended up biting me. And they don't have tat minimum 3 Profitable days to get payout rule, which is in 5%ers and sucks. I have a high win rate (few trades) and risk 1% therefore MFF has the option of crypto payout (you can transfer to binance wallet i believe but havent tried it) or local bank via Riseworks. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO is a prop trading firm. E it comes out of your payout if you are profitable or they lose less when you lose Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. 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 FTMO's email). com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! could somebody tell me whether the sub rules allow for the posting of payout proofs? I’d love to post my MFF trades and payouts but I wouldn’t want to fall foul of the sub rules - mainly the P/L rule :) „I passed 3 times FTMO challenge 100 each“ ( but either I failed to maintain my profit streak or my headline isn’t true so that I need to scam people) Reply reply PopularBackground375 Default Payout Ratio: By default, FTMO offers a payout ratio of 80:20, where traders receive 80% of the profits they generate. It's because of the past experience, prop firms like FCFF and Blue Guardian. Controversial. Any help is greatly appreciated! The r/GolfClash subreddit is dark from June 12th-14th in support of the Reddit Blackout Protest. A prop firm that’s legit would have no problem with the pay out. Once I got funded live, took me about a week to hit $20k profit on the $200k account. The amount of people getting to the first payout is 0. Very beautiful effort by you. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! More affordable, better fills, spreads dont widen to hit my sl, customer is good, and ive gotten over 10 payouts so far. I passed my $200k FTMO challenge a while back and am close to payout. While of fxify for example you can directly pay an extra fees and get more benefits on creation. My friend had a payout from Ftmo for 20k they did pay him out. FTMO companies do not act as a broker and do not accept any deposits. Trading is hard. got my 1st payout (1% profit )this week on a 100k funded. I think it might be prudent to set Welcome to FXGears. Also, the amounts we pay out to our traders are very Only the registered users can see the full leaderboard in their Client Area. 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! I had 3 payouts with FTMO in the last 1. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I like what ftmo is doing. You are confusing drawdown with leverage. The ACH transfer already went through and has cleared my bank. However, the number of people who make it to the first payout is only 4% of what remains. 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 I've seen a lot of FTMO Youtube videos interviewing some of their profitable traders who are making anywhere from maybe 5k - 50k profit split in a month. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Hello, today was my first day as a FTMO trader, and didn’t go as planned. Hi all. This is already a generous profit-sharing model compared to many other trading platforms. You just have swaps. 3 pips(its a lot for me as I'm scalping with 6-12 pips stop losses), while on FTMO my stop loss order hit with no slippage, made sure there were no news events or rollover spread too. Every withdrawal has been multi 5 figures and they have all hit my bank account the same day. Ftmo Locked post. I withdraw every 2 weeks. 5 months, zero problems zero delays. FTMO's 70/30. 3 Simplified Cashouts: The process for withdrawing funds is straightforward and hassle Since FTMO is now gone and that’s what I was planning to use, which other prop firm(USA) is legit? I know how they work and I understand the business model but I’m wondering if there’s anybody on here that’s funded 50-100k and has received payouts? FTMO only provides services of simulated trading and educational tools for traders. The offered technical solution for the FTMO •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. I went to my bank and they told me that they have no information to give since they're not the senders. New. It sounds simple but please don’t underestimate it. I've been paid several times. Finally, their payouts are extremely fast, I was expecting the usual 2-4 business days wait, but received mine within 24 hours. we're just providing our services to some foreign company and they're paying us. 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. I’ve heard this from three different traders. Traders have shared their decent experiences with the prop trading firm. I advise against choosing cheaper prop firms and instead, go with the BEST. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! 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. RED as a resource site for traders. Whereas the market orders on ftmo (not all but some) have had insane The prop firms make A LOT of money from people blowing account after account to cover the payouts of the really good traders who get payouts after payouts on a bimonthly level. Typically with most proprietary firms, you will be able to get 80% of whatever you make. New traders receive 80% of their profits, with the potential to graduate to 90% So far, the most payouts in one day, up to 196, were made at the very beginning of this year, when we paid out $628,317 to traders on Tuesday, January 2. 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! My friend has a 200. I've been reviewing my trades. For immediate help and problem So I've been a funded trader with FTMO, which obviously means I've passed phase 1 and 2 of their challenge. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! RecoverUnhappy9656. 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. Some prop firms have payout frequencies of biweekly, some are monthly somewhere every 21 days, etc. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Ftmo passers, is FTMO still okay with rules and payouts? Questions Hi guys. Payouts should be on-demand -and allowed 1 payout per day (assuming you made a profit that day) as that is what it is with a regular brokerage account with real money--you can send a withdraw request every business day. FTMO provides a structured platform for traders to prove their skills and access funded accounts. I just worry that if the payout is too big, that's when firms get sketchy and make claims of broken rules or something Anybody got denied payouts by FTMO for using EA? General Forex Discussion Share Add a Comment. Would you trust a company 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 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). com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, With my prop firm it’s 7 trading days to pass the test, and only 10 trading days to get the first payout, and you can get 2k worth of payout twice per week (50k acc, 4K per month for first 3 months) until it becomes no max limit on the 4th month. Any advice? Skip to main content. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! They are not as established as ftmo so they will make mistakes as they grow, I still think it's worth the risk to check them out. Best. In this case. I just wanted to know if FTMO is still worth it. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Luckily ftmo uses skrill but it isnt good for a lot of customers who rely on deal But the thing is Deel wasn't just processing payouts (like Paypal). Open comment sort options. I trade with Alkaline Capital and they allow me to trade options. (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. On my funded accounts, I'll have to have 10 trading days with actual trades between each payout. Once this is done, use the money from your payouts to buy a bigger account. Long, long time lurker but finally got around to setting up a Reddit account as I thought this warranted an honest post. I've narrowed down and will share some things that stood out and helped me succeed. Congrats if it’s real. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! and now I am curious whether FTMO is in a danger being shut down too? I've finally achieved some consistent results on my demo trading and felt comfortable enough to start a challenge the last week, but Following these steps ensures a smooth payout process. It is a truly incredible number and congratulations to all the traders! We have managed to reach merchants from more than 180 countries worldwide, and we regularly send payouts also to countries where, for example, Welcome to FXGears. Restrictions also apply to Ftmo looks to be the best fit for me. The scam ones may pay out small amounts, but will make up every excuse on the book not to pay you big pay outs. I actually leave 20% of my earnings in the account to build my buffer. g. so does anyone know if trading forex with their capital is legal for an Indian citizen and we're not violating any fema or rbi rules . As soon as you're funded it's up to you. After getting funded I ignored the trading plan and my psychology was in shambles. Yes people lose their account mostly by not putting any stop loss in place. Made a Video of my strategy to pass the challenge. Prop Firms I just started a Welcome to FXGears. Top. they pocket that money and use it to pay the few that do win. 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 I think the difference is they are trying to prevent any major drawdowns. At a certain point it just feels like a game. , or specific regions of Ukraine. I've made 4 withdrawals since May. Expand user Welcome to FXGears. Also, when your funded you trade on a live account without slippage. They're handling my account now and take another 40%. Maybe for whatever reason, the payout has processed but isn't fully complete on FTMOs side for whatever internal reason. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! 80/20 in favor of the trader at first payout, becoming 100/0 once the account reaches $350,000, which is the lowest threshold for any of their programs. You are trading with their money with the intent of producing a return against the market. I want to know if there are users here who trade with them and your thoughts on their legitimacy (payouts etc) Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO isnt a scam. 1% risk and trade-copy to there "dispensable accounts" with 10x multiplier. The offered technical solution for the FTMO If you make money with FTMO, you can show it in your income tax as market consultancy fees. Once you have 10k of your, you can trade using your own capital and keep 100%. 8% target with 12% max drawdown, compared to 10-10 with ftmo. Why isn't there any proof of FTMO scamming people. Braking rules for one but in some cases they just don’t want to pay and will just make up a reason. Trying out funding pips as I saw some positive reviews on reddit, if they don't give me a satisfactory reply I'm probably gonna file a I’m planning to use profits from ftmo to fund and build up my personal account. I. On average, the pass rate for the 1st phase is 10% and 2nd phase is 20%. The markets are quite nice. Faking payouts getting sued by providers. sometimes accidentally placing the Established History: Opt for firms with a proven track record of payouts and longevity (e. Apex is a good prop firm imo and easy to pass and payouts are very simple. The offered technical solution for the FTMO 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. 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 also was funded once but I haven't traded since last year. Yes you have a max draw down if 10% to start by my draw down is now closer to 50k because I have three accounts plus my buffer I Welcome to FXGears. If your topic is related to anything about trading in Nepali stock market, it belongs here. It took me 2 days to pass the first stage, 4 days to pass the second stage. I've been manually passing a couple accounts now for FTMO and it's going good. Paid my CC off and took FTMO's $100,000. ADMIN MOD Ftmo Prop Firms Second payout 🔥🥂💯 Share Sort by: Best. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! proven consistent payouts, and upstanding customer service. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! It says right on their websites that the5ers charge $4 per lot, FTMO charges $3 per lot, and both charge swap fees. No lot size limit. FTMO definitely isn’t a scam. 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. You're given a demo account and are hired as a consultant, they may or may not copy your trades and you're paid Yes thats exactly it. Yes FTMO does payout here’s a payout from a good friend of mine who is max allocated with FTMO. 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 Welcome to FXGears. I’m I working on my second account verification now. I am so hyped and a post like this motivates me a lot. . what are FTMO’s payout restrictions? FTMO’s payout process has several key restrictions: Geographic Restrictions: FTMO does not offer services to individuals or companies in Iran, Syria, Myanmar, North Korea, the U. I can tell they are . From MFF side, it was fast. I’ve been trading live with MFF since November and have had regular payouts, no FTMO sets an example and another new level for prop firms. Real Account: Unlike many other prop trading firms, Axi Select allows traders to work with real funds, increasing the significance and seriousness of trading Welcome to FXGears. Posted by u/tryui18 - No votes and 8 comments hi guys, I signed up for an FTMO trial challenge to get familiar with the mechanics of the account and the procedure, and i found a delay in closing FTMO only provides services of simulated trading and educational tools for traders. The challenge is the hardest part. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! My main concerns are be denied any payouts or inconvenience. Please share your FTMO Trading experiences and Payout. According to MFF's own statistics around 2. Edit: Also you can now request early payouts as early as 14 days instead of waiting 30 days like before Free Challenge: Earn a free FTMO challenge at the same size as your current account. I’d like to know what you guys think of it. Ive been with them for 2 years. First payout upvotes Welcome to FXGears. After that, go for a small funded account such as 5k and 10k. But you do get a payout. Take Profit Trader could argue that they have the best payout policy, but they also have the worst rule in their funded (Pro) account your max drawdown trails UNREALIZED PROFITS! Such a scam. 9%) of those survive until the first payout/refund of challenge fee. Like more slippage than normal and ridiculous widening of spreads at targets. Then some of these firms, including FTMO, will literally blackmail them (seriously I'm not joking) and imply that if you don't say anything online we may let you keep your accounts or give you a partial payout. Exclusive Access: Unlock a new, larger challenge option ($400k) at a discount. No comission, spreads are okay. He’s a private guy so I can’t share any of his recent ones but this is one from 2022 Prop Firms Share FTMO only provides services of simulated trading and educational tools for traders. Just like any trading, it's important to stick to your strategies and risk management. But i found a similar popular prop firm "Topstep" that display on their website that 5487 traders has been funded so far for the year 2020 and a total payout of 2,026,505 (updated December). I learned a lot in the past months, backtested Standard is 80:20, 90:10 with the scaling plan after being profitable for 4 months making at least 10% in that same time period. Quick payouts, great customer service, etc. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! You can find plenty of payout proof for FTMO, MFF, TFTP and others. It seems like FTMO and MFF treat their businesses like a casino while the 5%ers looks like they want long term traders. They were also acting as an "employer" for tax purposes I just got slipped 4. This program is very similar to FTMO, except the Welcome to FXGears. They publish the numbers and most fail the first or Welcome to FXGears. FTMO has stopped taking Indian clients though but there are other firms you can trade with. So Now they will boost the balance of your FTMO Account by 25% if you achieve the terms of their Scaling Plan, but the Ive been with kortana for 3 months now and had over tons of payouts i think total of 15k but you should realise they saw your lots are huge and risky so you got what you deserved dude my first payout on 200k was 900$ you need to let them know you can trade first because even in your first live account you arent really trading live funds so you cant expect them to give you such huge MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I want to tell you my story with Ftmo challenge In the first week i was losing so much , I was opening losing positions one after another at day 8 my max loss hit 10000$, my determination was shattered, Payouts: There are no issues with payouts; the company has established itself as a responsible partner that carries out financial transactions promptly and honestly. While it is exciting to see the amount of FTMO passing going on, I need to be a buzzkill and remind you that the majority of people fail those challenges and just keep taking them until they pass. Delayed payouts I’ve seen many firms delay payouts like fundingpips 7+ days and poor customer support -Firms in legal trouble Funding engineer . The FTMO Reddit reviews are also generally positive. Most people only lose the challenge because of too much risk and therefore the mindset takes a hit. 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. Scan this QR code to download the app now. But now that guys running paid services. I noticed that their payouts for the higher tiers is 100%. they researched ftmo and found that their traders only trade the demo account as most lose. com, a trading forum run by professional traders. Looking at the top 3 on their monthly leaderboards, this person Kasper was at FTMO supports FAST and Easy crypto payouts alongside other payment methods, providing flexibility for traders to choose their preferred withdrawal method. They are not the same thing. Just scammed people. 000 FTMO Account and always gets the payout, one time 2 weeks too late but he got it Reply reply Welcome to FXGears. Welcome to NepalStock, a sub-reddit dedicated to investment, trading, Nepali capital market, research, technical & fundamental analyses. New comments cannot be posted. 21% (based on MFF statistics they EA & HFTS should be avoided, especially those prop firms that allow them. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Deploratus__ ADMIN MOD How long did it take for your first FTMO payout to get credited after withdrawing it? Questions Share Add a Comment. As you most likely know, there is no Profit Target once your trade on an FTMO Account, FTMO TRADERS: how long does it take for your profits to arrive your bank account in ftmo withdrawals? Prop Firms I withdrew 5 business days ago and it is not in my bank account yet. I just received my 4th payout from FTMO today. 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 . So for instance, if you make $10,000, when it payout time, you will make $8,000. No complaints with the company whatsoever, they were fast and responsive through email. This is where things get interesting. 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 But as you can see here on reddit most of them claims that FTMO is the most expensive among all. No need for FTMO. If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". " Welcome to FXGears. Over $29 million was paid out to traders in 2021, according to FTMO's website. Our goal is Consistency rules, varies from shop to shop, but designed to avoid payouts if you're playing windfall tactics (aka risk everything every day and try to hit 1-2 big trades). I feel I’ve been a bit lucky with the first, and now this second account. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and FTMO themselves have refused such payouts. But the normal payout is 70%. I passed, focusing on my risk management, not profit. You can usually do that on the evaluation accounts, but not funded accounts. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Yes FTMO does payout here’s a payout from a good friend of mine who is max allocated with FTMO. I am planning to get the $100K challenge but I kinda want to hear any recent good and bad feedback from actual passers. there is a documentary on bbc iplayer called instatrader. 10% in 30 calendar days is hard. r/Forex A chip A close button. 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. Anyone who says all prop firms are a scam just can’t manage risk for nothing, I’ve passed more prop firm challenges than I can count and have received a hefty amount of payouts from several different firms. I got my payout in about 24 hours and it was already in Riseworks by then. In addition, you can also set the payout date to be bi-weekly instead of monthly. Be the first to comment Nobody's responded to this post yet. Maybe I just need to be patient and wait another day. Even fewer percentage (0. Their support team is responsive, and payouts are consistent once you meet the profit targets. I get my payouts every time and have never had a problem. So i've been profitably trading for a few months now but was looking into getting a funded account with either FTMO or The5%ers however i am so confused on UK tax laws that surround this issue. 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. Even upon meeting the payout criteria, the payout process is incredibly user-friendly. 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 So I decided to try out FTMO. Q&A. Things that helped me pass my FTMO challenge, verification, funding and payout . com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Welcome to FXGears. 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 I can't find the stats on how many traders have been funded for the year 2020 in FTMO. Took a 9k payout thinking I'd just roll on a 10k account and I ended up whipsawing all over the place before bombing a 6k drawdown day and taking a big step back. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Yeah agreed, you have to go full risk mode to pass, but then the complete opposite to get payouts. 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. Share Add a Comment. Sort by: our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. Now let's assume you makes 10% profit/4 months based on FTMO standard. They never used Deel in the first place, they are using Skrill 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. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Already got my first payout last week and my 2nd payout will be end of this week. Open Welcome to FXGears. I have provided FTMO: my full name and address, account #, SWIFT code Deel and Propfirms (Payouts temporarily paused). Tiny risk and good mindset is the way to win. If you have 100k of course they will find a way to delay or even not to pay you. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. Futures. . That in itself will trip ppl up. 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! I know ftmo has a payout date for profits. Transparency: Clear terms, realistic expectations, and readily available payout information are essential. 2 Frequent Payouts Payouts occur on the 5th trading day, equating to about four times a month. This subreddit has gone Restricted and reference-only as part of a mass protest against Reddit's recent API changes, which break third-party apps and moderation tools. Ftmo has extremely bad slippage. 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 There’s a lot of reasons prop firms deny payout. Take your time, bad losing streaks happen to everybody. If you are holding positions overnight, please be reminded that it is your responsibility to check these swaps in the contract specification for each symbol, and to adjust (if needed) and manage your I got funded and made it to the payout date a few months ago. They'll trade there normal compounded account with 0. These platforms What is also really interesting is that the challenges are easier to pass. Welcome to FXGears. Members Online • ninobrowne . Purchasing the challenge is fine as it is a one way transaction. Please use the search tool before posting. How long did it take for your first FTMO payout to Made 19k in my first month from a 1k starting account trading ES on ninjatrader. Savings: Get a 10% discount on all future FTMO purchases. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! If it isn’t too much to ask - have you been FTMO trader and are there any issues when it comes to payouts? Sorry - personally I never got to the payouts part 😂 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. Don't forget to sign up to spy on our champions. Then, there's the other service I used to pass the challenge. once Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! but I found that caring too much usually leads to messing the account up. These parameters work better for me though the5%ers has some compelling features depending on trading style! The answer is only people who have gotten a payout know and particularly people who have had big payouts exceeding 50-100k. That's my way to secure 3k € instead of 0. No profit target for payout; start on Monday get paid on Friday. In essence, less than 1 in 100 people who take a paid challenge survive until the first payout and challenge refund. Anyone that has used it can you tell me how the payouts were and if you had any difficulties with them in any way. Go to FTMO_Forex_Trading r/FTMO_Forex_Trading • by rossquincy007. Sort by: Best. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! 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 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. My next prop firm would be FTMO or funded engineer. I can't stop recommending FTMO. Using excuses like "your trading style is too risky" even though they haven't violated a single rule. e. S. View community ranking In the Top 20% of largest communities on Reddit. Here are my findings: WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. The testing is no joke though. Assuming no blowout, in an year one would have generated $9600 or roughly the same capital FTMO is providing to you. Will update regarding payouts but from what I saw both MFF and FTMO seem reliable with good payouts. I invoiced FTMO and got my money deposited into my bank account about 16 hours later. from the limited information i have been able to find, the tax brackets for trading is tax free because its If you have a 200k (FTMO) account and consistently make ~1-5% profit a month (which is huge) with proper risk management (. Started Monday I was already +8%this morning ,after news I deleted mt5 at +3,6% and I'll wait till payout date 😎 . egeax mivk kuelpi azjfdok ozewg wjgns euyqh somfn czpv ebqqhil