Ftmo scammed me reddit 3200$ The Real Housewives of Atlanta; The Bachelor; Sister Wives; 90 Day Fiance; Wife Swap; The Amazing Race Australia; Married at First Sight; The Real Housewives of Dallas I think so, but not all of them, people say why wouldn't they do it themselves, lest they forget max amount you can have is 400k on ftmo for example, so if he can consistently make profit on his/her own, they can do it on other accounts, and if they manage it after the challenge, take a % of what they make on the account, if they lose the challenge, they may only refund the service fee or Long story short, I want to aim for a €40,000 challenge next year and wanted to ask you what your experiences are with FTMO and what you can possibly give me tips along the way. Luckily it was day 2 so it still closed above the $100k and they cut me a check for the profit of $4. 9 pip spread on Tokyo session is unacceptable, I get 0. Also, I approach my prop firm accounts the way that you describe: Max Drawdown is my Account Balance in my mind. Haven’t tried them but fx and gold have had some wild slippage for me today. FTMO only lets you trade CFDs, which is illegal in the U. FTMO doesn't provide investor password BUT trader could create one within MT4/5. The issue here is that you see all the 'success' stories and no failure stories. 馃槙 Customers from the US are no longer welcome. Additionally, you need close any open positions on the pair it'll effect . None of the people that fail post anything up on reddit because there is no point, while the people that succeed (which is a tiny %) are on here having their 15 mins of fame before 99% of them inevitably lose the account which they attained through luck rather than actual trading skill. Bro, how does this moment feel for you? Are you still profitabel? I traded the demo account on FTMO with 40k for 2 weeks and reached 20% and also passed all the rules, for me its time for a real challenge. FTMO keeps me motivated to achieve my goals, and I highly recommend it to all traders! Hello guys! There's a real mix of opinions out there, some people say FTMO is a great company to trade for as you get to keep a generous portion of the profits and get good leverage, spreads etc. So lets do simple maths. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. Mar 4, 2024 路 Is FTMO a scam or safe? The FTMO system is safe and works if you apply proper risk management consistently over time, but it is not real money, only leveraged. But that's not what I mean. 400$ 3. Things I learned from this challenge The FOMO, the fucking FOMO. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. FTMO isnt a scam. If an influencer shows you a FTMO certificate, well you know it's a screenshot. Lots of learning and lots of YouTube videos. correct me if I am wrong You get 100K account for $4500 with leverage of 1:30. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. You don't get his logic, because you apply the same rules to a private account. Peace to you. *** Do NOT accept private messages regarding CRYPTO RECOVERY, do NOT reply to comments on posts claiming to recover crypto, and please send a modmail So I have been trying to learn Forex trading, and spent the last 6 months studying and trading on a demo account every day, from the moment Ive woken up till Ive went to bed, i have been studying, right now on my demo account Im up 11. firstly i already pass the 10% challange and 5% verification,,on 14 july i make about 660usd thats mean i have max daily los is 5600usd. Please be sure to post the scam URL in the body text of your post so our bots can help analyze it. 4. Similar trade on FTMO did not slip, another trade I got stopped out when the price was 0. Proprietary trading firms utilize simulated markets to train or evaluate traders. I felt cheated and disappointed. But my point still stands, if you want to trade properly you dont want your drawdown to reach anywhere near that $5k, let alone the $10k since you'll just be putting all your eggs in one basket. 00. Upon successful completion of the Evaluation Process, you are offered to trade on a demo FTMO Account with a balance of up to 200,000 USD. Don’t even try to place market orders, it’s a gamble on ftmo. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. 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. cmon They are totally suspicious I've even seen a Welcome to FXGears. I'm a fucking dumbass. I earned today (second trading day) 15100 eur, my permitted loss was 23000 eur, I lost 9500 and my challenge is failed. The support is excellent and the whole process has been very seamless and transparent. For me personally, I also trust FTMO and MFF wayyy more than I trust any regular offshore ECN broker so that security is another huge benefit. that means 100K x 30 = 3m to trade with. Apr 28, 2024 路 FTMO uses MetaTrader 4, MetaTrader 5, and cTrader. I made just over 3% and was due to get $7012!! They sneakily placed a trade on my account, they did the same to a friend of mine too and when I approached them they told me they can’t give me any profits, nor my account back my either. I learned a lot in the past months, backtested a lot every fucking day mate. I suggest putting some of your money into VTSAX asap while you still have it, if you want to have some money in a few years. 0. , but the bottom line is always the same, you will pay the scammer and receive nothing. , whereas other people say FTMO, like 'all prop firms', make money through people paying for, failing, and repeating their challenge, and those who do pass are Hi AceyAceyAcey, AutoModerator has been summoned to explain the advance-fee scam. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. It is our hope to be a wealth of knowledge for people wanting to educate themselves, find support, and discover ways to help a friend or loved one who may be a victim of a scam. See full list on ftmo. For me they dont because i make anywhere from 0. ” Ok i meant $5k max daily loss. Prop firms give traders the opportunity to test their strategy and psychology under Most people tend to still take the initial capital before entering the trades (let's say 25. 50% to 2% after my 5th payout and before that i make anywhere from 0. I can't believe there are idiots who actually fall for it. . 14%. 5k. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. Trust me, you can’t scalp a few mins on ftmo and probably not on mff either. 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. 3% within the last 19 days, even tho my winrate is bad I still have good risk management and I Dont revenge trade, I talked to my mum about buying a small funded After completing the Challenge phases, both my fee refund and my first withdrawal were processed quickly and without any issues. but many of these firms operate on scams. I had two accounts with them, and when I made significant profits of $15000 on one account and $19000 on other account, they refused to make my payments, claiming it was due to "over risk exposure. I have tried the FTMO challenge a few days and got a very bad and unfair experience. 000) as their calculation-basis and call funding firms a scam because their account balance never went under 20k (25k -20%). In fact I actually feel pretty certain that I will eventually pass FTMO. I’ve hopefully learnt something from all the pain however. Ask for an investor password which lets you login an account with read-only privilege. We are very much complying with the laws and regulations, we always abide by the T&Cs which are legally binding and we have always paid the profits to our funded traders. I am so hyped and a post like this motivates me a lot. Eh let's not exaggerate, there might have been underground and unheard cases in which some kind of manipulation has occurred. Not unreasonably certain, but confident enough. This is an educational subreddit focused on scams. I presume it refers to pips, and as a scalper, this is a significant factor for me. Ive been with them for 2 years. Basically they made all their money from people who failed the "exam". so pretty much same amount. com, a trading forum run by professional traders. I literally thought after day 1, wow, I don't have to make another trade this month and I'll have $17k. What is FTMO’s leverage? Based on the web search results, it seems like FTMO’s leverage is set at 1:100. It took well over a year before I was comfortable trading real money. The reliability of the platform and the professionalism of the support team truly impressed me. let me know ! Peace FTMO is legit but definitely avoid non reputable too good to be true prop firms and look at the broker they use too…that doesn’t mean I haven’t ‘wasted’ literally thousands upon thousands on challenges with ftmo. 1600$ 5. I should add I have also passed a few times too with them. 3 pips on USDJPY, no rollover no news, London session. I tell people about Forex and they jump in right away with real money with no training and get mad when they lose money. even if it's just a simulation. You can lose 10% on FTMO with 10% target, so you have to double your account. My mentor tells me this is great for a first challenge since mostly everyone fails there challenge way before the 30 day mark. Bro I’m the same. after i close all positions in loss the account matrix tell me i have about 200usd left max daily loss. The advance-fee scam arises from many different situations:\ investment opportunities, money transfers, job scams, online purchases of any type and any legality, etc. However, probably nothing could convince you this other than experience itself. I can pass your ftmo challenge I’m only doing 5 spots . 9 pips away, also had the same trade on FTMO that did not get stopped and went on to take profit. these youtubers alla succeed. Posted by u/[Deleted Account] - No votes and 22 comments FTMO : Good execution, and the slippage is not really bad, good account metrix. They invited a know forex scammer on their channel. 30-0. instead if you buy Personal account with 500 leverage in that same amount then you get $4500 x 500 = 2. Although I must note that sometimes these reviews are from people with alternative motives, as the Reddit reviews aren’t from certified users. Meanwhile I’ve also been running two challenges with ftmo. After getting funded I ignored the trading plan and my psychology was in shambles. I have a broker on my personal account, I scalp 1min , and the account is growing nicely. I haven’t had issues with market orders on stocks though. But based on my experience it’s not quite suitable for me because the spread on regular hours is quite huge. I have been trading a 40,000€ demo account at FTMO for the last two weeks (see screnshots) to see if I can put what I have learned into practice, i also made some these prop firms are legit! Sure they make mistakes but once they realise they usually always fix it. However I’m not sure if FXify or FTMO is better; here’s a breakdown: For the same 200k account, no time limit, 90/10 split, monthly payout - FTMO: cost $1387 90/10 split not available at the start first payout is some time after passing (not on demand) along with only 100% refundable challenge fee Not saying they are a scam (cannot verify that, i have to believe people who have friends that are funded lol), i say they clearly marketing with youtubers new account that are made from scratch and have only videos of their FTMO challenge journey and guess what. Sure, the business model is to sell eval accounts, but that doesn't mean their service doesn't have value. Don't belive it. 2 on FTMO. You have to be profitable to be able to make money on their Ftmo is a scam Passing the challenge is easy with a bit of luck but 99% of those who pass the challenge can’t manage to keep the account for more than a month since they would break the rules because they simply don’t know how to trade. Good luck! r/GeekSquad is a 100% community-driven subreddit aimed to allow for both clients and employees to engage in meaningful conversations regarding the brand or their local precinct. i alrdy have 30million accumulated live prop firm accounts and im credible with them so they dont make any issues with me That being said, ftmo recently made available extensions if you are close to the target and from day one even if you don't hit the target within 20 trading days you will get a retry anyway. A total of $29,000,000 has been paid out to traders on the platform. To help those who have been scammed or who have been approached and want to know if it is a scam. I scalp EURUSD and I notice the spread is running at 5 or more most of the time, while other prop firms like E8 and MFF is 2-3 on EU Forex is the biggest scam there is in the financial world. Dec 10, 2024 路 They scam and mislead others like me. You’re better off taking your $1,000 and YOLOing it on a trade with 1:50 leverage rather than playing their stupid game to control their $10,000. Sorry OP but that's a dumb question. 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. The real question is do YOU have a consistent and profitable method? That is the real question. On pay out I’ll get 20% from you, I’ll pass your challenge, might take couple of weeks because I stick to 1:1rr strategy. Thanks for reading this FTMO review. Searching for it online is a waste of time. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. Sometimes I’ll have to open bigger positions and I can’t do that with that leverage. com's Reddit Forex Trading Community! -$75 on a trade would me that you were -$75 in drawdown or a cool . Mar 20, 2023 路 FTMO makes you manage your money and trade in a sensible and professional way. I was in gain and their metrics were telling that I failed the max daily while at the same time I was in gains of over 1k. There rules are stupid. You can't open or close a position on certain pairs 2 minutes before or after a news release comes out that effects those pairs. FTMO is legit because it has paid more than 170 million USD in payouts and has around a million active traders on its platforms; The profits-sharing ratio of 90-10 is one of the best on the market, and FTMO offers free educational materials and professional coaching to help you become a better trader Welcome to r/scams. FTMO developed a unique 2-step Evaluation Process for traders. I am currently in seed stage with Axi group things look promising but I want to know if there are others out there Please help Hey guys, Currently I'm doing the FTMO challenge and I got to the profit target. Do they promise anything that they don't deliver? No, therefore by definition they are not a scam. There's no excuse not to do it. If you post a negative review about them on trustpilot they'll report it as scam and take it down. FTMO does have some downsides though the biggest being the news restrictions. com Nov 28, 2023 路 If you desire to search out more FTMO complaints, Reddit reviews are usually a good place to find swaths of people airing their grievances. So far so good, but I got there in 8 trading days instead of the… Key Takeaways. Like I said greed got the best of me as I could hear the lambos calling me. full of rubbish to negate any results. 5% drawdown first day, on my second day i had 5% to play with and it went drawdown till -4. S. Specifically, I passed 2 rounds of testing and verification, I just received the funding round, they offered tougher terms, specifically 1% risk level, then gambling transactions. I’ve tried others but none can match FTMO’s platform for seeing how your trading is going and how well or badly you are doing. FTMO has a dashboard that lists the times that the news will be released. It's even a bigger scam than buying a mortgage. If you can make 10% on FTMO for 5 months, on your private account you will have: Month 0: 100$ 1: 200$ 2. The main reason is rules and laws. 2m. After all, there are many scams and frauds in the trading industry that promise unrealistic returns or charge hidden fees. . Because I need to be able to keep the trades running overnight, over the weekend and over news and to do that with FTMO I need the swing account which caps me at 1:9 leverage on gold. 50% profit so they see me as a upstanding trader . 1% and closed in profit, i check my account in the morning and it shows daily drawdown breached and shows -5. 075% down on the account and you are It's ridiculous people are calling prop firms a scam. 4 days ago 路 Attention Forex Traders, I want to share my unfortunate experience with FTMO, a prop trading firm. 800$ 4. It makes me so mad. That being said, I was incredibly surprised when I heard this story because the5ers (alongside with FTMO, MFF, FT+) is Secondly, is the suspicion of our reviews be a relevant reason to flag us as a scam? Scam can be someone who operates fraudulently or engages in dishonest practices. It's a scam. Savings are hard to come by because FTMO doesn't give them out very often. This Evaluation Process consists of an FTMO Challenge and a Verification and is specifically tailored to discover trading talents. MFF statistics say that there around 180 failed challenge purchase for every payout made and probably one out of 1000 keep the 'funded account' beyond 3 months. See chart, lost 1500 eur See max loss 5700 and daily loss 9500! Haha, their scripts is trying to cheat but ineptly Stop spending money to scammer firms. 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 reached my first payout and they blocked it and accused me of stacking violation. I get my payouts every time and have never had a problem. ok let me tell you this,how i got my account violated how they scam me,,i have proof. 5. Why can’t FTMO do that for their traders? Because they’re a scam that’s why. You initially pay for a challenge account. Ask about FTMO on Reddit or Go on FTMO and see the price for a 200k funded account, see the rules, understand their policies and payout percentage. When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. FTMO Scam !!!! Prop Firms So basically i bought a 100k account and went down 4. #ftmo #forex. I failed my FTMO challenge today. Welcome to FXGears. Is FTMO legit? You might be wondering if FTMO is legit or not. Because of the work I'm putting in, because I see others doing it, and because I believe the factors are coming together to help me get there. After the 30 days I was not able to get my account to break even. FTMO is legit, and I assume they have a lot of very successful traders. " One concern I have is regarding commissions, particularly with FTMO, where it's mentioned as 3. I got slipped 4. Day 29 I was down 4%. the spread and commission they’ve built in means it’s really not for people like us. 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. Check in after 3 years. and 7 minutes they After probably around an year or so you shall realize that FTMO and MFF are also borderline scams. Given that 3 pips can be substantial for a scalper like me, I'm reaching out to gather insights from those who may have experience with either of these companies. price negotiable depending on challenge size … if I can’t pass it then you get your fee refunded (not your challenge fee only the fee for me to pass it for you) . bbbaz uwwxj hpgvbzl ihzx ounj ojmxi idycx otalngt hwsct aqlyc