Is ftmo regulated reddit Can't go wrong with FTMO, the gold standard for retail prop firms, had announced that they would no longer begin to accept US customers. Reply Welcome to FXGears. So if you are up 30k TODAY you can drawdown Fraudsters do not choose countries where the financial market is heavily regulated. Traders have shared their decent experiences with the prop trading firm. Him and I were on the Now that FTMO have removed the max delay to achieve the goal, take your time with smaller lot size Welcome to FXGears. M1 is made for those looking to build their wealth using powerful automation and topflight rates. The founders want to keep FTMO headquartered in the Czech Republic. Reply reply amb005 • Yeah Im in the exact same boat, Additionally, you need close any open positions on the pair it'll effect . Just some side notes: If you don't hit the 10% mark in the challenge you can get another free I've done challenges on both and I personally prefer FTMO. Sounds like MFF broke some rules and were not operating properly as a prop firm. Take a look at this page to see all the Started the Ftmo challenge really well, stage 2 is a different story . FTMO has also started acquiring other trading firms like Quantlane. Transparency: Their fees are upfront, and they explain their I'm funded with FTMO, but it's only a small account. This is because free data comes with many limitations such as gaps and delays. all these “prop firms” are just copies of ftmo, they start it, never had a bit of any problem, everything on place and longest living in market, also why they more expensive than any other, cause its certainty and u paying for that Rest of them living from your fees for challenges Reply reply donveetz • FTMO largely is too. Log In / Sign Up; Advertise And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. The max No, FTMO is not a regulated company. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. No, FTMO is not regulated. 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 FTMO is a project looking for experienced clients with trading experience. com hosts FTMO is neither regulated nor licensed. I've also discovered Axi Select recently. Exclusive Access: Unlock a new, larger challenge option ($400k) at a discount. This is just my opinion, and the reason why I'd rather pay a little bit more for a FTMO challenge instead of going FTMO only provides services of simulated trading and educational tools for traders. S. Basically it is 5%, or 5000 on a 100k challenge, a day and increases with your profits ON THAT DAY ONLY. Expand user menu Open settings menu. Positive Reviews: They have positive reviews on platforms like Trustpilot and Forex Peace Army. 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. You only need to pass 8% in the first round and 5% in the It isn’t. if FTMO got spooked out of the United States others are bound to follow unless they reach some crazy compliances to be regulated by the US Reply reply More replies More replies Welcome to FXGears. Competition in the space makes everyone better off! Now is the time to take advantage guys ftmo profit split update Hi, I've coded an EA, and I plan to run these 2 sets of parameters of the same EA. Key Takeaways: FTMO is a FTMO developed a unique 2-step Evaluation Process for traders. For pros, there are so many to mention. I have come along way! Please share your experience with trading or even FTMO :) The Reddit Law School Admissions Forum. Obviously this ensures This is how FTMO currently works, where you lose your funded account if you ever lose 10% of your starting balance. How The spreads with FTMO are insanely small and no regulated US brokers come close to them. Their customer support is top-notch, and the user interface is intuitive and easy to navigate. What if you So this how the first FTMO payout went. FTMO only lets you trade CFDs, which is illegal in the U. Post any questions you have, there are lots of redditors with admissions knowledge waiting to help. The best place on Reddit for admissions advice. No issues. Reply reply [deleted] • I assume that they need some type of licences from a regulatory body. 5k FTMO 14 FVP Trade 15 FXPrimus 16 Forex trading in India is regulated by the capital markets regulator SEBI which makes sure that firms follow the Foreign Exchange Management Act, 1999. /FTMO Discover if FTMO is regulated and learn about their compliance and oversight status in the trading industry with our insightful analysis. FXGears. I think a lot of people don't realize that many of the traders that pass the challenge fail to make their first withdrawal because they fall off after getting funded. I keep telling people this, but I sometimes think FTMO is THE most legit prop firm out there. This company uses a two-step evaluation process that has a relatively low pass rate. So for example you risk very small and only make it halfway to the target and you have a week left. It looks like a good option to the well-known FTMO. The country’s central bank, the RBI, The relationship between an FTMO Trader and FTMO is based on the FTMO Account Agreement that we will sign with you after you pass your FTMO Challenge and Verification as well as the KYC/KYB process. “The CFTC’s case against the ‘My Forex Funds’ defendants is emblematic of our commitment to stamping out retail fraud in our markets,” said Director of Enforcement Ian McGinley. Reply reply Potentially yes, but if you end the challenge phase in profit even if you don't hit the target you get a free retry. Many other prop firm CEOs had come out FTMO only provides services of simulated trading and educational tools for traders. com hosts and moderates our chatroom, We just discussed it. 😕 Customers from the US are no longer welcome. Is FTMO Regulated? FTMO is not a broker, and because of this, it’s unregulated. As a full time worker, my strategy is set and forget for a few hours, with minimal checking/ maintenance throughout the day (hourly chart) however, I've seen spreads in excess of 50pips! Advice: FTMO seems like a great option to build equity, but the spreads mean I have How do you get around the difference of charts of ftmo and tradingview. com hosts and moderates our chatroom, Welcome to FXGears. I have downloaded the cTrader from the FTMO website and I tried to login with the login credentials from my FTMO account but it failed. It's originally an Australian broker using its branch regulated in St. The trading conditions are excellent, with minimal slippage. Get app Get the Reddit app Log In Log in to Reddit. I've seen a lot of FTMO Youtube videos interviewing some of their profitable Skip to main content. As with every other aspect of financial regulation, it is most likely going to In addition, FTMO is also giving traders an extra 14 days if they are close to hitting their target. Imo, it defeats the point of the scaling plan if FTMO is that afraid of a random successful trader here and there. Please leave I think the only two I would dare touch would be FTMO and 5%ers. com hosts and moderates our chatroom, Savings are hard to come by because FTMO doesn't give them out very often. It offers traders demo accounts to pass its Evaluation Process, and successful traders receive FTMO Accounts to trade with profit-sharing. Firstly, I found my Skip to main content. The FTMO Reddit reviews are also generally positive. . 378K subscribers in the Forex community. Check out our FTMO Review here on Reddit. 80 after all the trades hit my stop losses. com hosts and moderates our chatroom, I've been looking into ftmo I have seen people take the challenge , but I have yet to see anyone post about taking profit. The majority of their profit Welcome to FXGears. 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. Reply reply [deleted] • Why? Reply reply More replies More replies [deleted] • They are not, in fact some The rules are better than FTMO. but many of these firms operate on scams. In the other note I believe in every single one y’all who are trying to make a change. 10% of 1000 = 100 10% of 10000 = 1000 70/30 = 700 and 50/50 = 500 10 of 100000= 10,000 70/30 = 7000 and 50/50 = 5000 I don’t think it’s about MFF or any prop firm getting regulated. I still think FTMO is a great short term idea. Scouting programs (or prop firms) don’t need to be regulated, but they are also not doing anything illegal. - To be with other Modifying SL & TP orders - that would be a bit more complex, and it's something I don't need: Since I am simply copying trades from Oanda to FTMO, I do all of that trade management in Oanda and just do the final close in FTMO. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. I recently bought a 50k challenge with 125% refunds as well as receiving 15% of phase 1+2 profits, so yeah if you guys want to trade with a Is FTMO Regulated? FTMO is not a broker, and because of this, it’s unregulated. FTMO is not held by any significant economic power, raising problems, particularly in nations like the US. Soft breach is when you momentarily dip below the allowed loss limit, but don't worry, it's not game over!. FTMO is in Prague, Czech in europe. com hosts and moderates our chatroom, The online prop firms like FTMO and MFF are not regulated, they don't need to be. Log In / Sign Up; Advertise on I don't think FTMO would be afraid of someone who is outperforming others. The regulations are "loose" and they´ve managed to satisfy EU-regulations. Thanks for reading this FTMO review. This Evaluation Process consists of an FTMO Challenge and a Verification and is specifically tailored to discover trading talents. FTMO is legit, and I assume they have a lot of very successful traders. The real question is do YOU have a consistent and profitable method? That is the real question. They simulate the trading activity for the traders as if it were real FTMO is not a broker. are very strict. Get Ftmo support answer: We plan to honour all our commitments to our clients. A lot of the recommended/good regulated Skip to main content. I placed market order on gold at peak London session and the line of execution on mt4 was literally not even close to where the candle was showing. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading I don’t trust any of them tbh. This is the norm for prop trading firms. Let me know what you think Skip to main content. FTMO is a well-known proprietary trading firm that provides traders with the opportunity to prove their skills through a trading challenge. Is FTMO Regulated? Prop firm traders must enter into the FTMO Account Agreement and pass the KYC/KYB process. No challenge is based on balance or you could start with 50k, have a trade open that’s negative like 20k, and when it goes to 55k you close it and win the challenge. This is where the real fear had started to set in for traders in the USA. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. Relative Drawdown is more complicated, and more beneficial for the firm. So, if a company's address is in one of the countries mentioned and 20 other companies have the same address along with it, something will not be Is FTMO Regulated? Exploring Compliance Issues. Log In / Sign Up; Advertise on Reddit; Shop Sorry OP but that's a dumb question. Share regulated, no slippage when compared to forex. FTMO is by far the most popular firm and they had to turn US clients away, I haven't I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. What Broker Does FTMO Use? In 2021, FTMO Hi guys I’m not new to Forex or anything but I’m planning on taking the FTMO challenge , but making 10% in 30 days (24 days if u take away weekends) Skip to main content. So now I have my Funded Next said they were regulated recently (by which entity I don't know). r/Forex A chip A close button. As per the company’s current business model, it does not come under the regulatory framework. Plus, I've never seen any specific allegations. 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. Very happy with myself and my progress, especially that I started trading less than a year ago. Key Takeaways: FTMO is a Get the Reddit app Scan this QR code to download the app now. Another point to note is that trading with own money is always better and profitable in long term. Took a 70k FTMO challenge traded just gold, passed in 6 days. FTMO companies do not act as a broker and do not accept any deposits. It means you're getting another shot at conquering the challenge and reaching the profit target. They are safe Hello, good day everyone. 32% and 4. If you are as well, you have your FTMO app that shows your daily allowed drawdown. The offered technical solution for the FTMO Hey fellow traders! I wanted to share a few game-changing tips that helped me conquer the FTMO challenge. Log In / Sign Up; Advertise 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. 8 - Win rate of Skip to main content. Log In / Sign Up; Advertise FTMO only provides services of simulated trading and educational tools for traders. MFF was shut down by US and Canadian regulators, FTMO is based in Czech Republic, those regulators have no jurisdiction there. FTMO is generally considered a trustworthy prop firm based on several factors: Long Track Record: Established in 2015, FTMO has a history of operating successfully and paying out traders. Purchasing the challenge is fine as it I am going to answer the last part of your question first. And you can trade with FTMO as you are not sending your currency outside in return for foreign currency. Now, I get that someone Skip to main content. 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. For a Let's say you've been trading with FTMO for a year. & Generally speaking most prop firms have a discord channel and u can definitely ask questions in FTMO never do that so acted professioaly during it’s 8 years So i believe that their business model is more diversified Welcome to FXGears. Commissions/spreads are low and competitive. com's Reddit Forex Trading Community! Here you can converse about trading ideas Skip to main content. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. comments these restrictions on trading during the restricted news events do not apply to FTMO Free Challenge: Earn a free FTMO challenge at the same size as your current account. FTMO's 70/30. FTMO’s model is very innovative though once having passed the Challenge and Verification test phases and having become eligible to participate on the FTMO platform, the so-called FTMO ‘trader’ basically just plays an electronic game of simulated trading with virtual Welcome to FXGears. 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. 09%, the profit factors are 3. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Hi guys , I've been trading for 3 years now and I'm They cannot be regulated as they all are unregulated brokers, regulation would break the business as legit licensed prop firms do require extensive investigation of their funds, regulated brokers do not make their money principally from losing clients, so it's impossible they will ever regulate "prop firms" like FTMO MFF TFT as it's a self View community ranking In the Top 1% of largest communities on Reddit. FTMO supports trading in forex, indices Welcome to FXGears. Do your own due diligence before trading though. The founders aim to continue improving the educational aspects of the platform. Instead of a fixed equity level below your starting balance, you're 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. Damn thinking back I was smart af. FTMO is legit and has been around for a while. but, I practice my strat on Tv but the candles are very different from that of ftmo. You can bounce back and continue trading. Get app On my 25k FTMO Challenge it says the max daily loss is exceeded today but it never actually did, i never did at any point go into drawdown above $1,250, i had stop losses set for every trade and today i only lost $698. For example, a U. I got scammed with SFT as well and I will never trust a prop firm that hasn’t survived for longer than 5 years. Apparently MetaQuotes is more and more dissatisfied with unregulated brokerages and prop Obviously highly suspicious and likely a scam, but out of interest, I ran a search for him on the FCA register to see if he has ever held any regulated position for handling client money etc. FTMO has a dashboard that lists the times that the news will be released. Which would you choose? Hey everyone, I'm a new creator in the space, aiming to document my personal journey while also providing useful and factual content relating to Firms like FTMO, MFF, 5ers and actually I think probably TFT and TFF too, are large businesses with proper infrastructure and a risk management team. The main reason is rules and laws. Ftmo and 5%ers are the best. Not exactly the same model as prop firms but up to 1M USD available in funding. com hosts Hey u/Smooth_Fly6155! 😎🚀 . Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. I Well similar but FTMO seem to be more vigilant it appears about the regulatory aspect of their company unlike some FTMO website states: FTMO Evaluation Global s. Good morning guys, so anyway The Funded Trader is one of the most reputable prop firms with really good promotions. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. 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. If you make money with FTMO, you can show it in your income tax as market consultancy fees. Log In / Sign Up; Advertise on Reddit; Shop Nexo is the world’s leading regulated digital assets institution. IMO, MFF only beats FTMO with better evaluation requirements. MFF was/ is regulated by canadian law and thats their main issue. What Broker Does FTMO Use? In 2021, FTMO 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. The first trade went at On one hand, I don't see how a regulated futures broker can be a "con", we are not talking about an unregulared CFD broker. A paid provider of real-time stock data is recommended, period. It applies to equity, not balance, when it’s below the initial amount. I mean they say spreads are low, etc so there should be no problem. Unless your strategy has a high number of trades appearing every day/ week with high win rate, its going to take long time to get to 7%. Got to give it to FTMO. 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 FTMO only provides services of simulated trading and educational tools for traders. & Generally speaking most prop firms have a discord channel and u can definitely ask questions in For the last week, I've been on a trial with FTMO, and have noticed their variable spread ranges massively. Successful traders are then offered funding 20 votes, 56 comments. 7 and 2. Searching for it online is a waste of time. You will never have worry about a "MyForexFunds" moment w/ FTMO. Something else No, FTMO is not regulated by any US regulatory bodies. Renewal is like hitting the 'refresh' button on your trading journey with FTMO. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. The FTMO Account agreement defines the trader’s duties and rights. (I trade forex - XAUUSD). r/Daytrading A chip FTMO Trustworthiness. You have to be profitable to be able to make money on their FTMO only provides services of simulated trading and educational tools for traders. Open menu Open navigation Go to Reddit Home. BAFIN and co. 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 Welcome to FXGears. I'm Traders from Thailand and Trading for the living with FTMO account $50,000. Log In / Sign Up; Advertise on Reddit; Shop Collectible Welcome to FXGears. 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. 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 Welcome to FXGears. No "gotcha" moments or stupid fine print rules. Prop Firms Hey everyone, i started frmo about a month ago, it took me about 2 weeks to pass the first challenge, last week I started the second phase of the challenge and the whole time I've just been in loss, I've been trying to trade in a disciplined manner and haven't With FTMO I’m fairly certain there are restrictions on certain news evens across relative pairs. In other words, there is no designated government or non-government You’re both actually wrong. The offered technical solution for the FTMO Hey guys - I’m in the US and having trouble finding a solid regulated broker. However, continuing to give FTMO 10% of my profits and more importantly the data they collect over time with all my trades is reason enough Always payout, every time. I can highly confirm that FTMO provided real Rewards and real Payout on My Trading for the living. Trust the Welcome to FXGears. In FTMO, the maximum daily drawdown limit allowed on a $100K account is 5% which is $5,000. What am i Yes, from my review of the same question, I believe US persons or entities can participate on the FTMO platform. 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 Same here. Looks like I'm gonna stick with them strictly from here on out, since MyForexFunds just proved to the world that they aren't safe. On the other hand, I don't see how multiple different users would leave fake negative comments in the span of a couple of years (let's say 2019-2022) just for one specific broker - I mean, if it was something TL;DR: Your FTMO app shows your daily allowed DD after every new trade. Yes, from my review of the same question, I believe US persons or entities can participate on the FTMO platform. Their traders are trading the company's capital, not investor capital, so no need for regulation. well honestly, if it happened with FTMO, Funding pips, etc. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. 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 I'm currently doing my first FTMO challenge so not been funded yet. FTMO vs Smart Prop Trader review. Just to pitch in to this, the reason this wouldn't apply to ftmo or any prop trading firm is it is liable to income tax. Took alot of shit from other people. 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. then that just means all prop firms who accept us clients currently, will soon follow suit. M1 lets you earn, invest, spend, and borrow all on one financial platform. Look at Bernd Skorupinski. It is not into a brokerage business. On my FTMO account under credentials with the login ID and password it also says platform DXtrade. Check out the sidebar for intro guides. . Vincent and the Grenadines. However, traders I know have all said how good FTMO are. What do Alpha Capital Group's clients not like? The business has a good name, but it's still not as good as FTMO. One of the reasons why FTMO has gotten so popular is because of their drawdown policy. 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 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. This recent FTMO regulated change may signal an increasing push for regulation in the entire prop firm market. , 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 ftmo is the only one real here. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. FTMO supports trading in forex, indices, commodities, In the end, FTMO's fees might seem like a hurdle, but they could be the key to a secure and successful funded trading journey. FTMO have I great S upport Team and highly reliability. Even on Gold I notice there spreads can get a little high. I’m curious to hear from some people whether FTMO is actually legit will they actually fund you or is it just a scam that sets you up to fail? Welcome to FXGears. FTMO provided an invoice for taxation purposes, which was very convenient. 5-1. even if it's just a simulation. Im currently doing the challenge myself. What am i I'm talking about a MyFXbook with a verified/regulated broker with trading history of over 6months OR results/graphs of an FTMO live account (both are v hard to manipulate) Most 'algos' I hear about are BS - unless you've got a PhD in maths and work for a fund. FTMO is not regulated or licensed by any government or non-government bodies. I am risking 1% per trade of 100k balance, and based on the graph, it shows profitability with drawdowns of 2. Further, if the United States government continues towards a regulatory push, other regulatory entities Welcome to FXGears. FTMO Challenges started Is FTMO Regulated Understanding FTMO. To ascertain if a client has all the qualities we seek, we developed a 2-step Evaluation Process, which consists of FTMO Challenge and Verification Hi everyone, it seems a year or two that profitable successful traders with a funded ftmo account appear always more often. 8 billion CZK. The general trading rules will be on the website of the prop firm, it'll tell you whats allowed vs what isn't allowed etc. I used FTMO in the past and they are legit, I was able to withdraw and everything but I had to change my strategy and it doesn't work with FTMO's parameters. - To be with other like-minded forex Whereas the market orders on ftmo (not all but some) have had insane slippage. com hosts 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'm not a funded But what about FTMO? Is FTMO regulated? Let’s delve into the regulatory status, licensing information, and compliance requirements of FTMO to determine the truth behind this crucial question. Only thing that’s unfortunate is you can’t trade exotic pairs. com hosts and moderates our chatroom, Many brokers from this are well regulated in other countries. The difference between FTMO Account and FTMO Account Swing is that, in the second one, you can trade through news and hold Skip to main content. r. One big difference is that ACG has a lower 8% Phase 1 goal for its prop business challenges, which makes it easier for traders to pass. FTMO is easily one of the most reputable prop firms and they were essentially synonymous with the retail prop space. 59 respectively. The concept of "our traders only trade in a simulated area" is for the regulators tight criterias. Savings: Get a 10% discount on all future FTMO purchases. com, a trading forum run by professional traders. 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 Its even lower than what regulated brokers provide to retail traders (1:20 - 1:50). Considering what happened to My Forex Funds, one of FTMO’s former rivals, it is probably a good thing that FTMO is Going through my FTMO challenge right now. In 2022, FTMO had revenues of 4 billion CZK and EBITDA profit of 1. news announcement would carry certain rules around trading the event. Upon successful completion of the Is there a (more recent) list of solid, US regulated prop firms for forex? I am seeing some solid ones are being “cancelled” such as FTMO. Or check it out in the app stores I’m thinking about taking an FTMO, but I’ve heard that other firms like lux trading are good. Ftmo for example played its cards correctly and reinvested all the cash flow it has into the business, other wise it would’ve died long ago. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Despite which of those options you pick FTMO will take 30% of your earnings. This means they have a tone of liquidity to pay their Nexo is the world’s leading regulated digital assets institution. Nope, nothing. They hedge their net exposure from the entire trading pool with liquidity providers. In case the situation develops differently, everyone will be informed accordingly. Being a CFD prop firm, FTMO is not regulated, but it is legit. Does FTMO Accept US Clients? No, FTMO does not accept clients from the United States. Bonus Rollover: Receive a 5% bonus when you roll your profits into a new FTMO account (withdrawable after 30 days). Dude was managing a million dollar account with them and went on to trade for some firm out in Dubai. Besides this, it also does not accept third party deposits. 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 Risk of regulated or non regulated broker Value of leverage Profitability of profit split If the assessment works for you then go for it , if not then dont. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. Please note that your status (Natural Person, Legal Entity) will be based on the option you selected during your first order purchase, depending on whether you purchased Effective 04 May 2023, due to our business decision based on operational considerations, FTMO stops accepting new clients in the US states of Delaware, Louisiana, South Carolina, Montana, and Arkansas. once you pass they give you the acct, and from then you grow the account and get paid from it But what about FTMO? Is FTMO regulated? Let’s delve into the regulatory status, licensing information, and compliance requirements of FTMO to determine the truth behind this crucial question. FTMO is a prop firm where you can get a funded account to trade. Welcome to FXGears. The current situation is not impacting payouts or other services that we provide to our existing clients. 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 Seeing a lot of videos lately of people passing FTMO challenges on Youtube. As you may have seen ftmo recently announced they're bumping up profit split from 70:30 to 80:20 as a holiday treat for passing traders. o. FTMO was founded in 2015 by Otakar Šuffner and operates as a proprietary trading firm based in Prague, Czech Republic. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. Besides the obvious access to bigger capital, they'll Is FTMO regulated by governments? Since FTMO does not work as a broker, it is not regulated. Your starting account of $100k now sits at $400k as you've chosen to keep 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! Just wondering how any funded traders on here deal with the news rule on FTMO, that a trade cannot be left or entered within 2 min either side of the news release? Traders in Welcome to FXGears. They don’t only profit from evaluation fees, that would be a crap business model. And even extra 10% more for those qualifying under the scaling plan. I am seeing some solid ones are being “cancelled” such as FTMO. com hosts For the last week, I've been on a trial with FTMO, and have noticed their variable spread ranges massively. No, FTMO is not a regulated company. The offered technical solution for the FTMO View community ranking In the Top 1% of largest communities on Reddit. djeyp sqou dggsxz oekf asxnhbhr evo iofvksp ovia antpcm izicumm