Ftmo scammed me reddit. com, a trading forum run by professional traders.
Ftmo scammed me reddit Nov 28, 2023 · If you desire to search out more FTMO complaints, Reddit reviews are usually a good place to find swaths of people airing their grievances. Wrapping up this FTMO review, it’s clear to me that FTMO stands out as one of the best forex prop trading firms available today. to be fair, they are cheaper than FTMO and they allow trading during news events that's why i tried it out (i believe FTMO doesnt allow it once you are fully funded even for non-swing account) Welcome to FXGears. 20 votes, 56 comments. However, probably nothing could convince you this other than experience itself. 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. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. I have tried the FTMO challenge a few days and got a very bad and unfair experience. these youtubers alla succeed. With FTMO, investors can trade various instruments, such as Forex, stocks, cryptocurrencies, bonds, and more. Occasionally, I’ll catch a few trades/scalps 2-3 hours before the market opens. The issue here is that you see all the 'success' stories and no failure stories. Also, I approach my prop firm accounts the way that you describe: Max Drawdown is my Account Balance in my mind. 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. 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. Searching for it online is a waste of time. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. Where the trade will automatically close out if the limit is breached… Posted by u/rossquincy007 - 11 votes and 3 comments never pay regular price for challenges in MFF. I can't believe there are idiots who actually fall for it. I literally thought after day 1, wow, I don't have to make another trade this month and I'll have $17k. They expect you to be a professional. You can meet all their goals but if you don't pass the interview, you can't get to the top. I am not funded with them and only know about the interview from Reddit. I've been with them for awhile and ALWAYS received my profit split! Fuck those Insta-fake traders. 05% max loss per trade and a 2% max loss per day. Ok i meant $5k max daily loss. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. FTMO has a dashboard that lists the times that the news will be released. 2m. After the 30 days I was not able to get my account to break even. One concern I have is regarding commissions, particularly with FTMO, where it's mentioned as 3. 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. Needing funding and being able to trade profitably don't fall into the same category. but many of these firms operate on scams. 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. 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. 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. Final Thoughts. r/findfashion • Getting married and this is the dress! Worried about getting scammed though, found it on daisystyledress and they have very little online presence. 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. So far so good, but I got there in 8 trading days instead of the… My mom almost got scammed ( hopefully not), but I need confirmation if we should be concerned. Sometimes I’ll have to open bigger positions and I can’t do that with that leverage. the spread and commission they’ve built in means it’s really not for people like us. 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. becasue FTMO actually have 3 steps to withdraw the deposits and profits FTMO are dodgy af. especially if they give you 100k to control, it would be enough to make 20% a year for me, because i Never ceases to amaze me why someone would need these scam companies if you even have the ability to begin with. these prop firms are legit! Sure they make mistakes but once they realise they usually always fix it. Anyway, I linked the two accounts to my trade copier, and the exact same trades have resulted in +4. S. After probably around an year or so you shall realize that FTMO and MFF are also borderline scams. The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. 9 pips away, also had the same trade on FTMO that did not get stopped and went on to take profit. I get my payouts every time and have never had a problem. com, a trading forum run by professional traders. With all theses scams with my forexfunds, i see a lot of opinions that FTMO is coming like the next. 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 even a bigger scam than buying a mortgage. instead if you buy Personal account with 500 leverage in that same amount then you get $4500 x 500 = 2. 50% profit so they see me as a upstanding trader . FTMO is legit, and I assume they have a lot of very successful traders. Additionally, you need close any open positions on the pair it'll effect . 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. Biggest factor for me was chart time, once I steered clear of charts as much as possible I found my discipline. they pocket that money and use it to pay the few that do win. Lucky, she did not had any money at the moment, and did not pay. Proprietary trading firms utilize simulated markets to train or evaluate traders. This is an educational subreddit focused on scams. FTMO has 5 stars! Check out what 16,956 people have written so far, and share your own experience. To be honest. even if it's just a simulation. FTMO without second thought. We will review your case and get back to you. Although I must note that sometimes these reviews are from people with alternative motives, as the Reddit reviews aren’t from certified users. FTMO only lets you trade CFDs, which is illegal in the U. in the evaluation stage I made a profit of 5000 with goal being 1000. THEY SENT A NOTICE BEFORE EVEN DOING THE SERVER CHANGE. Check if the email contains @ftmo. Put delusional greed in front of any fx dreamer and the pipes start to flow hard. Prop firms give traders the opportunity to test their strategy and psychology under 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. Say I turn my $10,000 challenge account that I paid $150 for, to $20,000 do I get any of that profit or just the $150 back? Bro I’m the same. Posted by u/[Deleted Account] - No votes and 22 comments Posted by u/SignificanceNo6509 - 1 vote and 1 comment Welcome to r/scams. Don’t even try to place market orders, it’s a gamble on ftmo. Peace to you. It's ridiculous people are calling prop firms a scam. If an influencer shows you a FTMO certificate, well you know it's a screenshot. 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 Most people tend to still take the initial capital before entering the trades (let's say 25. Forex commission is too high, limited heavy on crypto Welcome to r/scams. To be fair, that lamboraul dude did trade for FTMO and you can find his video on FTMO’s YouTube. there is a documentary on bbc iplayer called instatrader. If you believe this was a mistake, please kindly message the mods. correct me if I am wrong You get 100K account for $4500 with leverage of 1:30. 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. FTMO : Good execution, and the slippage is not really bad, good account metrix. i alrdy have 30million accumulated live prop firm accounts and im credible with them so they dont make any issues with me 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. After getting funded I ignored the trading plan and my psychology was in shambles. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. I’m in the audition for 100k account. They have promos every month. 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. Like I said greed got the best of me as I could hear the lambos calling me. What do Alpha Capital Group's clients not like? The business has a good name, but it's still not as good as FTMO. A total of $29,000,000 has been paid out to traders on the platform. Welcome to FXGears. You may have a different issue but that's for you to find out. It makes me so mad. Mt5 is lame but it’s okay. there are 50 prop firms operating as of now , but no firm can match track record . 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! To help those who have been scammed or who have been approached and want to know if it is a scam. 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) . 50% to 2% after my 5th payout and before that i make anywhere from 0. Hey guys, Currently I'm doing the FTMO challenge and I got to the profit target. I learned a lot in the past months, backtested a lot every fucking day mate. 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 ok let me tell you this,how i got my account violated how they scam me,,i have proof. 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. 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. Forex is the biggest scam there is in the financial world. 000) as their calculation-basis and call funding firms a scam because their account balance never went under 20k (25k -20%). People say that is why you never hear about anyone making it to a salaried position with them. One thing that I didn't/don't like was being in a trade around 6-7:30 AM PST. *** Do NOT accept private messages regarding CRYPTO RECOVERY, do NOT reply to comments on posts claiming to recover crypto, and please send a modmail I can pass your ftmo challenge I’m only doing 5 spots . Mar 4, 2024 · 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. 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. 4. 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. I have a broker on my personal account, I scalp 1min , and the account is growing nicely. I am so hyped and a post like this motivates me a lot. 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 The CEO provides the space with a whole other level of integrity. 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. Doesn’t mean he’s any good, but he did make money at one point from trading for sure. 30-0. Maybe if you took your head out of your ass for two seconds you'd realize how dumb you sound. so pretty much same amount. Please read the rules and our wiki pages on common scams and posting guidelines BEFORE posting. they researched ftmo and found that their traders only trade the demo account as most lose. The main reason is rules and laws. Lots of learning and lots of YouTube videos. On my FTMO account under credentials with the login ID and password it also says platform DXtrade. Don't belive it. wait for it if you wanna pursue it. 3 pips on USDJPY, no rollover no news, London session. A little bit of slippage on a demo account proving they actively manipulate slippage? Give me a break, idiot! So lets do simple maths. professionalism ,longevity of FTMO. I reached my first payout and they blocked it and accused me of stacking violation. I tell people about Forex and they jump in right away with real money with no training and get mad when they lose money. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. I presume it refers to pips, and as a scalper, this is a significant factor for me. I’ve hopefully learnt something from all the pain however. Meanwhile I’ve also been running two challenges with ftmo. 10%/month like FTMO is not realistic imo. 5k. It is also possible to find a direct list of suspicious companies that every trader should avoid on the regulator's website, so it is a good idea to start there. Seeing a lot of videos lately of people passing FTMO challenges on Youtube. You have to be profitable to be able to make money on their For me they dont because i make anywhere from 0. Keep going, trust me. The mt5 has skipped on me and I recorded it and surgetrader game me a new free audition but mt5 is difficult if not used to it Edit: Mostly blue chips. 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. When a company claims to fall under an EU or UK regulator, it's a good idea to verify this information. Welcome to MarketScreen – Navigating the Financial Markets Together! 📈 MarketScreen is your go-to subreddit for discussing everything related to stocks, trading, and investment strategies. Savings are hard to come by because FTMO doesn't give them out very often. 00. So he did get like around 100k from that. It looks like a good option to the well-known FTMO. Similar trade on FTMO did not slip, another trade I got stopped out when the price was 0. Nov 28, 2023 · The FTMO Academy provides educational content, including beginner videos, trading platform insights, and trading tips. Not sure if it was an official contact? Do not hesitate to contact our FTMO Support Team, which is at your disposal. Day 29 I was down 4%. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. Their scaling plan of 10%/4 months is more realistic. I have no time to mess with that as I am running 300k with FTMO. There's no excuse not to do it. Sure, the business model is to sell eval accounts, but that doesn't mean their service doesn't have value. I felt cheated and disappointed. 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… I primarily trade US30 with ftmo and it is possible to trade at all hours. 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. i heard the realistic possiblity of failure in FTMO is 94% or 96%, only 4% can withdraw their money and deposits. I like to swing trade in the 4 hour time frame so I’d prefer to find one that isn’t too strict about holding over the weekend or trading during news. Trust me, you can’t scalp a few mins on ftmo and probably not on mff either. 14%. But by no means is FTMO a scam (in my experience so far). FTMO has been there to help me anytime I have had to contact support and have always been transparent. Trading is one thing that will teach us more about ourselves than anything you can imagine. FTMO is 100% legit. It took well over a year before I was comfortable trading real money. However, after market hours, it’s volume is fairly low, spreads aren’t great, and it is less predictable. 1% and closed in profit, i check my account in the morning and it shows daily drawdown breached and shows -5. com and check the profiles on social networks if they are genuine FTMO profiles or only imitations. With its varied funding challenges, innovative tools like Account MetriX and The rules are better than FTMO. My mentor tells me this is great for a first challenge since mostly everyone fails there challenge way before the 30 day mark. that means 100K x 30 = 3m to trade with. 6pip but the actual spread is at 7. it happened to me on "SmartPropTrader", for example I open a us30 Sell trade at 33080 I find that I got executed at 33077 despite the price not reaching that point, then i close at 33060 I got to my history to see that i closed at 33063, it robbed me 3pips at entry and 3 pips at closing, the spread is 1. 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. 2 on FTMO. 9 pip spread on Tokyo session is unacceptable, I get 0. Is ftmo. Please be sure to post the scam URL in the body text of your post so our bots can help analyze it. I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. I failed my FTMO challenge today. Ive been with them for 2 years. I’ve been consistently profitable for some time now but the lack of capital is holding me back, I’m thinking about going for the ftmo challenge but hesitant after hearing about prop firm scams Are there any issues you guys have faced with them? So I've been trading on a TFF timeless funding account to avoid the time limit that most prop firms have in place. I got slipped 4. 5% with the 5%ers, all due to the spreads. You initially pay for a challenge account. 5% drawdown first day, on my second day i had 5% to play with and it went drawdown till -4. Btw the indices are excellent with FTMO because there is no commission. FTMO Scam !!!! Prop Firms So basically i bought a 100k account and went down 4. cmon They are totally suspicious I've even seen a 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. Good luck! Haven’t tried them but fx and gold have had some wild slippage for me today. 6pip Welcome to FXGears. As popular and as reputable as FTMO is I find that they are a bit pricey and them being located in canada has me a bit concerned they might get hit with some ban as well. 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. Ask for an investor password which lets you login an account with read-only privilege. 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. She got to me yesterday saying that someone on LinkedIn offered her to buy a UAE royal family gift card and demanded 1300e to buy it. after i close all positions in loss the account matrix tell me i have about 200usd left max daily loss. 1% with FTMO and +4. Do they promise anything that they don't deliver? No, therefore by definition they are not a scam. Why isn't there any proof of FTMO scamming people. 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. Took me an average of 1. Thanks for reading this FTMO review. Things I learned from this challenge The FOMO, the fucking FOMO. 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. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. as long as you don't resort to shady practises and align your trading style with them , you are good to go. I don't know any broke profitable traders. I just recently realized the commissions are $7/lot tho and it's simply just not going to work with how I scalp and sometimes have 3 pip stop losses. But based on my experience it’s not quite suitable for me because the spread on regular hours is quite huge. 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 When MFF imploded , I wanted to buy a 200k FTMO account, but I decided to get 2x100k, one each with FTMO and 5%ers to spread the risk out of another implosion. Overall, FTMO’s reputation, our own experience using their services, customer reviews and the long history of successful operations indicate that FTMO is no scam and is a legit and safe prop trading company. 5. 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. Check if the email contains @ftmo. 075% down on the account and you are 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. 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. Would like to set like a . The real question is do YOU have a consistent and profitable method? That is the real question. I should add I have also passed a few times too with them. Sorry OP but that's a dumb question. Among its most talented prop traders are those discovered and developed by the firm. FTMO does have some downsides though the biggest being the news restrictions. and 7 minutes they FTMO isnt a scam. Check in after 3 years. Luckily it was day 2 so it still closed above the $100k and they cut me a check for the profit of $4. Mar 4, 2024 · In the prop trading space, FTMO is a leader - and for good reason. 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. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. I've made 4 withdrawals since May. While you're at it, read through Reddit's "reddiquette" here. . My opinion, tried with your 1K is your and just YOUR. Posted by u/mrcake123 - 14 votes and 97 comments Oh look, the little baby is getting upset that their conspiracy theories don't add up. Eh let's not exaggerate, there might have been underground and unheard cases in which some kind of manipulation has occurred. Boo fucking hoo! Cry me a river you moron. And i think that the best feeling Welcome to FXGears. 0. well with my smaller acc i make around 3% every week, and please dont say i will be waren buffet in 5 years, but thats around average what i come up with every friday, i was thinking about starting a 30 day challenge anyway here on reddit, but yeah this ftmo seems like a no brainer deal then. I am a bot, and this action was performed automatically. FTMO doesn't provide investor password BUT trader could create one within MT4/5. Please participate in other subreddits (other communities on Reddit) to increase your Comment Karma points. I was curious so decided to give ‘em a try. I'm a fucking dumbass. com's Reddit Forex Trading Community! -$75 on a trade would me that you were -$75 in drawdown or a cool . 5 months per scale up. I haven’t had issues with market orders on stocks though. 😕 Customers from the US are no longer welcome. with FTMO you can get a practise account and test fills , spreads for 14 days. let me know ! Peace ftmo profit help me please!!!! Questions So I just recently opens a ftmo challenge account for 10k. com legit or a scam? Read reviews, company details, technical analysis, and more to help you decide if this site is trustworthy or fraudulent. 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. jhyh eqdlf aeqqgf mqpkc xcfmir ffu qaq gkdwvv stjnqmwo zlpl