Ftmo prop firm review reddit. In that time, I have had a maximum cumulative drawdown of only - $6,419 with an average drawdown of -$1,000. My choice of Prop Firm is currently TFT (The Funded Trader) why? Because I have tried multiple prop firms before like MFF, E8, FTMO I have a few conclusion based on my experience on that Prop Firms Pro & Cons= MFF : Cheap registration fee, reasonable spread, $3 commission on forex pair, 12% max loss rules. At my current firm I simply put in capital and get 20-25x leverage to trade with profit split. There seem to be quite a few users leaving negative reviews. Or maybe you have a success story you’d like to share. Any help is greatly appreciated! [Some of the prop firm in here may or may not have bad reviews or no reviews, low payouts, monthly subscription, expensive fees, limit on lot size/contracts] Do your own due diligence if you wanna check on them and free to comment any prop firm that you found that are not on the list so i can put it on the list. Absolutely. | Read 81-100 Reviews out of 9,224. We talk about good & bad Prop Firms, Prop Trading, and the Prop Industry in general. The only issue with them is the leverage which is way too low for my trading style as a day trader. Also make sure to read reviews online, like the FTMO review on this sub-reddit, before you get started. I think every aspiring prop trader should start with Ftmo. You need to study for it, practice, take notes and review them, learn with friends if you can and only try to take the test when you absolutely feel like you're ready. 80/20 split for a few payouts. I want dip my toe into an 200k challenge but don’t know any legit prop firms. It's crucial to remember this when evaluating the risk. Final thoughts on FTMO are that it is a reliable and legitimate prop firm that can potentially help traders achieve their financial goals. For prop firms, these simulated markets serve as training grounds where aspiring traders can showcase their skills and potential profitability without financial risk. By using the prop firm account, You are using a hedge on your portfolio at the cost of the entry to the prop firm + a profit percentage, as well as buying the leverage of the larger account size. Posted by u/simple_mech - 1 vote and 68 comments Look, prop firm challenges are a fantastic way to land a funded account, but before you dive headfirst into FTMO's paid challenge, consider the FTMO Demo. Feb 16, 2021 · FTMO and The 5%ers, both established during similar times (2015 for FTMO and 2016 for The 5%ers), are two of the most well-known forex prop firms or funding programs currently. However, it is not a good idea in long-term. For 2022, however, we reached revenues of 4 billion and an EBIDTA profit of 1. I am a bot, and this action was performed automatically. cz ''We don't have a final look at 2023 at the moment. They're paying more upfront for the best quality retail firm service, but they want the cheapest prices in town (which ALWAYS come with a price!) They keep it simple. It appears this thread is about Prop Firms and Scouting Programs. I don't believe in pass the challenge kind of prop firms like FTMO, Topstep etc. Thanks for everyones help in finding a good prop firm. Except with taking a prop challenge, you can pick the day when you're ready and if a lot of props removed a time limit, then even better. Leave your review to help others. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. Everything is out there in the open, and the team consists of brokerage and trading veterans. Please share your review. My Forex Funds - Conventional Accelerated Account Hey guys, been a mff then ftmo U. Feb 9, 2021 · Overview. They seem to really care about helping their traders become even better. But at a prop firm it caters to a very specific mold and style of trader in order to function within their limits of trailing drawdowns, scaling contracts etc. Worth it. There is an exchange called ACG Markets that Alpha Capital Group runs. FTMO is it's own broker, I've asked that recently and that's what they replied. It really depends on the type of prop firm. I think you're mixing unregulated brokers with prop firms. So to be successful there it rules out many many excellent traders simply because of style, not because of profitability. FTMO would allow you 10 trades of %1 losses in a row before failing the challenge. This blog post will introduce you to economic releases and how you can leverage them to make informed trading decisions. Be the first to comment Prop Firm FTMO wants to become a broker So to them, it is a completely risk free business. Overall, this Bulenox Review post provides an overview of the rules and processes involved in trading with a Bulenox prop firm account. Personally, I'm not comfortable with risking 1%. which are designed for you to keep paying their subscriptions. Plus the scaling aspect, even a $10k ftmo account can eventually scale to $2M account. 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. S client and been profitable for awhile with a 50k account making about 2-5 percent a month . Ftmo is an industry leader in prop… Ftmo is an industry leader in prop firms. FTMO is one of the leading firms in the forex prop trading space with over 6000 new members joining in 2020. Economic releases can be powerful tools for traders, offering valuable insights into market movements. Yea FTMO is meant for day traders so if you're looking to swing trade you either got to heavily alter your strategy to accommodate the rules or you gotta look for a new prop firm. 8 billion crowns. Trading is not easy! Don't expect to get funded on your first try. Many prop firms, like Funded Trader and Funded Engineer, are really "marketing" firms that depend on their outside tech source. I’d like to know what you guys think of it. There are not many prop firms out there that offer trading coaching and real trading job opportunities like FTMO does. FTMO. Everything is so smooth and professional compared to most firms. Apr 7, 2024 · The prop firm’s commitment to transparency, professionalism, and responsiveness sets it apart in the industry, making it a viable option for traders seeking funding and support for their trading endeavors. MFF 2. Please leave a FTMO review, For the ones who don't know the program: FTMO's Premium Program rewards successful traders with two tiers offering increasing benefits: Prime Status: Choosing the best prop trading firm ultimately depends on individual trading goal, preferences, and experience level. Then 90/10 split for life of the account. Trading 1% with a Futures Prop Firm is like riding 120KM per hour on a scooter next on a mountain road. Share Add a Comment. Aug 20, 2024 · This review of FTMO, a prop trading firm, covers its key features, including an 80% profit split, various account types, and an automatic scaling plan that allows traders to increase their capital with consistent performance. It's in Czech but you can translate it with any browser: FTMO: Prop Trading from Zero to Billions | FXstreet. 1. Based on user reviews, ftmo, the5ers and tft are popular firms. Guys i see to much bad news on borkers cfd like FTMO, MFF… and others. . Logically speaking however, wouldn’t it be more sustainable to copy the 10% of profitable traders too instead of only relying For more information read the Alpha Capital Group review here on Reddit. I was merely in awe that they have traders pulling in way more than what I thought. Prop firms operate on a simple principle: most participants won't succeed. I think it's a good idea for traders (especially with prop firms because the numbers are bigger and it's easy to get carried away dreaming) to come up with a comfortable and reasonable number of what their daily or weekly profit target is, and exit once it's reached. r/Daytrading • I just crossed + $375,000 in profits after 18 months of full time day trading. This prop firm offers a relatively fast first pay-out opportunity, you don’t have to wait a couple of In summary, FTMO stands out as an innovative and trader-friendly Forex prop firm, offering high profit shares, flexible trading conditions, and supportive tools that empower traders to achieve their trading objectives while contributing to the firm's continued growth and success. 5ers 3. Imo prop firms have a dark cloud over their names & just like MFF they could shut down whenever, so best thing to do is cash out as much as possible with prop firms & use those funds to build your own personal account with. FTMO has 5 stars! Check out what 13,475 people have written so far, and share your own experience. Yes 90% of traders lose money and it seems like it is enough to sustain the prop firm business model. funding pips is good too,just like plenty of new age firms , but there is no prop firm that matches FTMO in the industry as of now. It is crucial to conduct research and evaluation of different firms to ensure the best fit. Traders tend to forget that for some reason. If you can pass the demo multipul times with FTMo you should be able to pass any prop firm. Funded traders can begin trading with up to $400,000 with leverage of 1:100 and keep up to 90% of profits made. FTMO has 5 stars! Check out what 13,483 people have written so far, and share your own experience. Except, it's not real. Choose Hyro Trader Crypto Prop Firm for a transformative trading experience where innovation, education, and community converge to propel your cryptocurrency trading journey to new heights. It is possible to hold trade accounts overnight and over the weekend. While you, the trader, naturally want the biggest bang for your buck, prop firms simply can't offer massive accounts at rock-bottom prices. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. I’ve been looking at other prop firms like FTMO, the5%ers, and true Forex funds. So, is City Traders Imperium a good prop firm or not based on their offerings? I am starting 3 new prop challenges next week as I have been trading the same prop firms for a while, and looking for some new challenges. The 5%ers is another prop firm I've been eyeing recently. Imagine you have the choice of trading the prop firm account value or a prop firm account with that value (your $100,000 or FTMO’s $100000). Same thing with taking a prop challenge. Anyone that has used it can you tell me how the payouts were and if you had any difficulties with them in any way. Why Most Prop Firms Should Be Avoided I was about halfway through evaluation of my Forex funds 10k account until they shutdown. always let your initial capital come from firms which are considered tough like FTMO,5ers,CTI. Trade execution is instant, no unnecessary slippage, metatrader, education, detailed analytical tools, just to name a few. Ftmo looks to be the best fit for me. Most prop firms out there are just marketing companies that borrow software from other companies. If they pass, you pay. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. Share This is a community for prop traders. This review covers account types, leverage, FTMO Challenge rules and more. The concept of prop trading firms - "trade with their capital" sounds attractive. The absolute best FTMO Traders can get an opportunity through our Premium Programme to become professional traders in Quantlane, a proprietary trading firm that manages its own real capital. I rather risk less. The prop firm will control the account at the broker, that's why they pick and choose who they work with. Make sure your stratagy passes across multipul months as the market changes. Traders operate within these environments using virtual funds, allowing them to gain experience and confidence before transitioning to live trading with real capital. FTMO is legit and has been around for a while. They collect fees from the masses, knowing only a small percentage will achieve consistent profitability and qualify for payouts. The Trading Pit is not your typical prop firm. Posted by u/ComfortableRepublic4 - 1 vote and no comments Jul 31, 2024 · In a nutshell: FTMO is an exciting top-notch proprietary trading firm loved by thousands of seasoned traders. This is my preferred prop firms for now ranked in order. FTMO offers greater flexibility in trading methods, including swing-based and longer-term strategies, and encourages a patient and risk-averse approach. The reviews have been ok so I gave it a shot. This way, if you have a consistent strategy, you won’t lose the account. The thing I have against instant funding firms is that they are severely less rewarding compared to prop firms with real evaluation phases. I personally can’t answer that question yet, however I do have plenty of experience with other prop firms such as FTMO, Topstep, Funding Pips, Funded Peaks, and Apex Trader Funding. Here we help each other out. 😀 FTMO is not your typical prop firm. Very curious to know more about FTMO premium program for actual users, but so far I haven't been able to reach it myself. FAQ The absolute best FTMO Traders can get an opportunity through our Premium Programme to become professional traders in Quantlane, a proprietary trading firm that manages its own real capital. The company has appointed Michael Kamerman, a seasoned brokerage executive, as the CEO of its new division. It's up to the broker you use with that prop firm if they scam you or not. If you aren't a swing trader though, do keep in mind spreads if you try other prop firms based off of your FTMO demo. Max out FTMO before migrating to any other prop firm. Trading with the (FTMO) Economic Calendar. you could try getting 100k each from 4,5 top firms too , like 100k each from FTMO,Funding pips,5ers,CTI. -This update and no time limit that everyone is getting crazy about is meaningless to me as I pass prop firms within 2 weeks, phase 1 and 2 included. Me personally, I would rather deposit money into either props with better profit potential and trading criteria or a personal account. I will only be choosing one program from The5ers, so looking for suggestions for other prop firms that offer great account scaling. All information provided on this site is intended solely for educational purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity analysis or similar general recommendation regarding the trading of investment instruments. Here's why: Imagine a prop firm where everyone signs up for the largest accounts with the cheapest fees. Just make your profits from these prop firms and build your own trading account, if you think prop firms will boot you off their platform just don't perform that well, keep getting consistent withdrawals and slowly build up your personal account, do not depend on a system that relies on losers to be a source of income in the long run. 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. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. The FTMO head office is in the Czech Republic, while that of The 5%ers is in Israel. FTMO, a leading prop trading firm, is expanding its reach into the retail brokerage space. Logically speaking however, wouldn’t it be more sustainable to copy the 10% of profitable traders too instead of only relying on the losers ? Funding Pips offers a user-friendly and accessible entry process for novice traders, while FTMO has a more stringent review procedure and profit targets. Join us in shaping the future of crypto trading and maximizing your potential in the evolving digital asset landscape. Everyone is welcome! This is not a place for bragging, though. This strategic move signals FTMO's ambition to stay ahead of the curve in the evolving online trading landscape. 000,00 I trade US equities with a Canadian prop firm Alkaline Capital. Do B-book prop firms like FTMO, SFT, Blue Guardian etc copy their profitable traders? Yes 90% of traders lose money and it seems like it is enough to sustain the prop firm business model. I decided to break down the differences and so I am sharing my breakdown. '' 1,8 billion Czech crowns = 77,112. 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. A detailed overview and comparison of popular forex prop firms can be found here. 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? I believe the secret to these prop firms is using a really small % lot size once you get a live account(s). The Prop Firm Business Model: A Numbers Game. If they fail, you are still out FTMO's challenge fee. Please contact the moderators of this subreddit if you have any questions or concerns. Did you know that you could become a funded trader with FTMO as quickly as 20 days? Using a clearly-defined two-step evaluation course, FTMO offers an incredible opportunity best suited for intraday traders to trade an account prop-funded up to $100,000 depending on the joining fee paid in the initial stage. And then the company was found to be doing things illegally and pretty much everyone in the prop firm world has accepted that it's already gone even if the court case is still on-going So, I decided to try out My Funded FX (MFF) after seeing it from ads. The truth is prop firms like FTMO have a balancing act to perform. They are a mix of traders, quants, mathematicians, and developers driven by the same passion for the financial markets. At the moment Funded Pips, doesn’t offer 200K prop firm challenges or bigger account sizes yet! 😔 Due to the stringent refund policy, it is difficult to get your challenge fee back (And make your Funded Pips trading account risk free for you) even when you get initially funded. in short it seems like they cheat by making you lose the money you invested to do some challenges to get an account with them (propfirm). Of all the prop firms, FTMO is slightly better, since they don't put a cap on the maximum trades we can open, offer a 1:100 leverage, allows hedging and any strategy we like. lxukvh czqq fluumj ywuur lgnz tzraae cwraow gto rglllp mgvsa