Ftmo prop firm review reddit. FTMO has a dashboard that lists the times that the news will be released. Failure rate is very high even in such prop firms so the mentoring and other training is average at best. A handful out of thousands, are successful. With the explosive growth in the prop firm industry over the last few years, competition seems to be making things better for traders, but I wonder how they are handling the possible FTMO and Finotive personally, Finotive are good they have a pro account and you get paid a salary if you make at least 5% per quarter they also A book your trades if your consistent so they actually want consistent traders not just Selling your talent to prop firms is a legitimate practice globally, and I recommend exploring opportunities with the5ers since they provide a salary as well. Apparently MetaQuotes is more and more dissatisfied with unregulated brokerages and prop firms. I just wrote out a detailed overview and comparison of popular forex scouting / prop firms that can be found here. I heard there's an entrance fee. the best in class is FTMO it is more expensive than other prop firms but it is more reliable, i passed the challenge for MyForexFunds before it went to sh*t lol, now I'm using myfundedfx for the challenges are much cheaper compared to FTMO. You only need to pass 8% in the first round and FTMO has 5 stars! Check out what 13,475 people have written so far, and share your own experience. If you want to make more money, obtain more accounts, don't size up within a single prop firm account. Many prop firms, like Funded Trader and Funded Engineer, are really "marketing" firms that depend on their outside tech source. Tradeable assets include Forex, cryptos, commodities, indices Are there any 'good' prop firms out there, is the prop firm business a complete NO? Personally never heard of prop firms being pushed by traders apart from 'influencer-traders;' who all CLAIM to trade ICT, which trends quite frequently as the 'holy grail,' which is exactly how these furu's catch new traders; 'join cult, learn ICT, get funded It appears this thread is about Prop Firms and Scouting Programs. com. Enhance your skills with Modern Prop Trading Firm. maybe later new ok ones appear after thousands of people test it on their own risk. I keep thinking I need to try some prop firm trading or funded trading and have came across Funded trading Plus, I really like the "Master Trader Program", basically once your initial deposit is gone your out, I really like that concept and really want to give it a try but am a little sketched out if the company is legit or not or isn't going to do something to scam It appears this thread is about Prop Firms and Scouting Programs. FTMO is a renowned proprietary trading firm that offers a transparent evaluation process, capital sponsorship for skilled forex I believe FTMO is the best prop firm so far. Reply reply More replies More replies. I can’t wait to have my max allocation of $400,000 prop firm account with FTMO. Our FTMO Challenge is the first step of our Evaluation Process. I I want to start a prop firm challenge and I can’t decide if I should go with myforexfunds or with Thefundedtrader. Now they have removed US clients access to MetaTrader and are pushing DXtrade You also want to focus specifically on the bad to worst reviews. literally have never heard of fxify so i would avoid them. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! at least for any reputable firm like FTMO and MFF. Please leave your own experiences in the comments. This shitshow has fucked my head up. FTMO, MFF. FTMO provides traders with the opportunity to choose between a single two-step evaluation It appears this thread is about Prop Firms and Scouting Programs. So he did get like around 100k from that. I just posted a new video highlighting my thoughts on these firms: Welp folks it's been fun. For example FTMO which is a very known prop firm with great reputation. Traders can unlock an account all the way up to $600k, which means profits can be much larger than if trading with a small account. Share Add a Comment. No regrets. I guess indeed no such thing. View All Result . Not exactly the same model as prop firms but up to 1M USD available in funding. But I have conquered that fear by testing the waters with a $10k challenge, it has been going well so far and excellent trading condition. It will take you 6 times to lose a challenge to lost the $1000 account had you funded your account with your own money. At my current firm I simply put in capital and get 20-25x leverage to trade with profit split. No Result . Apex is a scam. Prop firms are a great concept for experienced day traders. The Funded Trader is a proprietary firm (or prop firm), meaning it allows skilled traders the ability to trade with a funded account. Must say I am now funded after passing FTMO challenge and also helping other traders out. Plus the scaling aspect, even a $10k ftmo account can eventually scale to $2M account. com's Reddit Forex Trading Community! you pay for the best market conditions on the prop firm, you pay too little extra on FTMO for the benefits you have over the other companies. Everything is so smooth and professional compared to most firms. as we now know. It's all the same template, you can tell it's In this article, we’ll be comparing two prop firms, FTMO and FundedNext. What Is FTMO? FTMO was founded in 2017 by owner Otakar Suffner with the aim of providing funded accounts to talented traders. Reply reply smredditt It appears this thread is about Prop Firms and Scouting Programs. FTMO, MyForexFunds, The Funded Trader • • Edited . FTMO’s structured evaluation process, with clear profit targets and loss limits, is designed for traders who are FTMO - I’d advise anyone to use FTMO before another firm as an overall choice, simply because they’re possibly the most established and reputable firm among the industry. Welcome and hope to get some meaningful engagement via your charts/comments! prop firms like ftmo,mff allow traders to trade with them globally. Or check it out in the app stores   Go for legit firms only like FTMO mff 5ers and e8 etc Opening prop firm accounts is not for free but rather it has costs of hundreds of $ and additional "one time fees" or reset feset which is $ they wouldn't have to pay or worry about there are two prop firms. Or check it out in the app stores   But just in case, stick to the top prop firms like ftmo and the like if you’re worried about it This subreddit is dedicated to the Canada Goose® brand. A $10000 account where you are able to lose $1000 and it costs you only $155 with the current rate to buy a challenge. Regardless of whether or not it could make me money potentially. " Make sure your stratagy passes across multipul months as the market changes. Or check it out in the app stores Get the best information about prop firms and authentic reviews! Engage with Skilled Funded Traders and progress in your own prop journey! Prop firm's that allows EA: The5ers. Try ftmo or the5ers, both firms are traders friendly. '' 1,8 billion Czech crowns = 77,112. Ftmo is an industry leader in prop Ftmo is an industry leader in prop firms. Just looking into other options in case prop firms get banned in the US or something of that nature. Doesn’t mean he’s any good, but During the weekend that has just passed, FTMO announced their account type known as “FTMO Swing” which allows traders to trade news and hold trades through the weekend. I would recommend many to try it out. FTMO is the best prop firm. The company has appointed Michael Kamerman, a seasoned brokerage executive, as the CEO of its new division. FTMO is one of the most popular forex prop firms in the industry, offering a two-stage evaluation process for traders to receive funding of up to $100,000. MFF. Verified. 1 lot on FTMO is 3 bucks and 1 lot on 5ers is 4 bucks. They use you as a consultant and may take the trade themselves or they may just pay you with the money from people that lost a Get the Reddit app Scan this QR code to download the app now. So If you are here you either want to be a prop firm trader or you are. And about MFF scandal and other prop firms changing their rules etc seems like some regulation could possibly be coming down on prop firms. FTMO Review — the inventor and leader in prop trading industry. I've also discovered Axi Select recently. Basically it is 5%, or 5000 on a 100k challenge, a day and increases with your profits ON THAT DAY ONLY. FTMO is a reputable prop trading firm that provides traders with funding opportunities. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! All forex prop firms like FTMO MFF and such. Among its most talented prop traders are those discovered and developed by the firm. Get the Reddit app Scan this QR code to download the app now. I passed my Challenge and Verification stages after two attempts and went live three days after submitting my documents which was FTMO has 5 stars! Check out what 13,483 people have written so far, and share your own experience. Prop firms (online ones) are just a scam way of making money for the firms only. Prop Firms Obviously prop firms are not for the long term but many people use them as a way to build personal accounts and to actually start a solid way Prop firms like FTMO and MFF and the rest have paid challenges. My advice would be to figure out the level of risk you're happy taking for your strategy on each size account, and then half it for the live account. 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. Trade execution is instant, no unnecessary slippage, metatrader, education, detailed analytical tools, just to name a few. FTMO vs Smart Prop Trader review. Tradeable assets include Forex, cryptos, commodities, indices and stocks. Prop firms can tell if people are copying each others trades even if they enter Ftmo is an industry leader in prop Ftmo is an industry leader in prop firms. All prop firms have some frustrating rules, some has restriction on trading during news (ridiculous), some has very very small margin limit that you barely open day trade with 0. that was incorporated in September 2015. Going to check out a few of them. reReddit: Top posts of January 1, 2023. They provide the capital, you trade their capital and keep the 80 or 90% profit split. Kicked me out of the discord group when I posted the screenshots there. Final thoughts on FTMO are that it is a reliable and legitimate prop firm that can potentially help traders achieve their financial The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. I think every aspiring prop trader should start with Ftmo. Stop sounding so naive thinking you know everything when you never even tried it or put it to the test. Alright let's get into failing challenges Impatience & Daily DrawDown limits. It offers a 70-30 profit split and provides traders with a demo account for practice. 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 FTMO is legit and has been around for a while. Funding pips Funding traders Fundedprotrader Ftmo Fundednext Fxify Apextrader Top step Takeprofittrader Blusky Yes 90% of traders lose money and it seems like it is enough to sustain the prop firm business model. Other prop firms might be doing the same. There’s a reason Prop firms ban it . Key features include a trading platform, risk management tools, and a supportive trading community. My Forex Funds - Conventional Accelerated Account Welcome to FXGears. This is where the real fear had started to set in for traders in the USA. Date of experience: September 03, 2024. We have all heard the news regarding US clients lately among various well known prop firms. So I've been wanting to get funded, but famous prop firms like FTMO or MFF do not allow traders from my country, the only prop firms that allow me to trade are Fidelcrest and 5%ers, and the funding options on Fidelcrest are the most affordable by me, but I've seen some mixed reviews online, would you recommend them? Before FTMO bestows the privilege of trading for their Proprietary Trading Firm, they need to be confident in a trader’s risk management abilities. People were having payout issues with them and so they finally decided to shut the doors. Suggested companies. I have accounts with both FTMO and 5er's. Most prop firms use the same broker, 8cap. Try to maybe stick to prop firms that most traders are trading with, maybe FTMO, TFF is a good one and others. I was just wondering how people feel about this as these two things were the only “weaknesses” FTMO had in comparison to other prop firms. r. FTMO is one of the best proprietary trading firms in the financial market with the TU Overall Score of 9. If you allocate the commission in terms of pips, you’ll find the effective “spread” is quite similar to a spread-based account (although commissions are usually slightly Common pattern among all these fake prop firms. There is a little tighter spread on the 5ers, but FTMO is the cheapest out of all the prop firms on their lots. This strategic move signals FTMO's ambition to stay ahead of the curve in the evolving online trading landscape. For 2022, however, we reached revenues of 4 billion and an EBIDTA profit of 1. I used to be scared of trading with FTMO for no reason. I am sharing the information with two goals. Let’s look at all details. Currently The5ers and 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. Do B-book prop firms like FTMO, SFT, Blue Guardian etc copy their profitable traders? Yes 90% of traders lose Additionally, you need close any open positions on the pair it'll effect . FTMO offers greater flexibility in trading methods, including swing-based and longer-term strategies, and encourages a patient and risk-averse approach. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. I think I'm ready to put some strategies to the test. If there were to be another prop firm to go down, I would think it’d be TFT. Welcome to Ourinterest. Vincent and the Grenadines. Prop firms are a great way for a GOOD trader with limited starting capital to make money. This is a community for prop traders. Are all the prop firms fucking shit or are there any decent ones that one can rely on. By meeting these objectives, traders validate their skills, showcasing that they are both disciplined and seasoned. Established in 2015, Czech Republic-based FTMO is one of the leading prop firms in the industry, and for good reason. 12 hours ago. You presented a very rosy and textbook definition of conventional prop firms :) Even the conventional prop firms screw their traders by padding the commissions, exorbitant desk, platform, hardware, software, training and other fees. Be the first to comment Prop FTMO is one of the leading firms in the forex prop trading space with over 6000 new members joining in 2020. In this first table, we compare the year where each prop firm was founded, where their offices are located, and how much balance you can get to trade after scaling (when applicable). in Social Trading. they are more expensive but they are one of the few that still offer payment to bank transfer. It makes perfect sense anyway, if they really want profitable traders, and I believe they do because they're easier to profit from, then the time limit doesn't What We Say About FTMO. Sufficient_Drawing32 • FTMO or MyForexFunds FTMO has step 1 10% step 2 5% with 10 trading days minimum A trader should have the option to test their system with any prop firm platform to optimize their strategy or be able to find out if the prop firm is a good fit for their type of trading style. Prop Firms General Details. Hello guys. If they fail, you are still out FTMO's challenge fee. I believe the secret to these prop firms is using a really small % lot size once you get a live account(s). Futures props won't do the kind of weird thing that Forex props do like keeping you on demo, so you'll be trading with real money. so does anyone know if trading forex with their capital is legal for an Indian citizen and we're not violating any fema or rbi rules . FTMO is known for being one of the fastest-growing proprietary trading firms, providing funded trading accounts where traders receive up to 90% of the profits. Just received this email this morning from FTMO support. I say that because they have great customer service, cheaper prices than FTMO, great community and the owner engages with the the Trading with the (FTMO) Economic Calendar Economic releases can be powerful tools for traders, offering valuable insights into market movements. Their trade conditions are never sketchy or unstable. does anyone have knowledge about it i havent seen a single video of a trader talking about the firm after passing the evaluation which is of course a small stepping stone to that 2 million funded mark. Prop Firm FTMO wants to become a broker It appears this thread is about Prop Firms and Scouting Programs. One is helping others to find the right prop firm quickly. so far, most stable has been FTMO. I know nothing of prop firms, but I'm happy for you. Ik a lot of you are just going to say One firm did it and then all the YT gurus and influencers started going on about it and the prop firms have listened because if they didn't then they would lose out to the other firms. I've been looking to get back into trading too and looking at using a prop firm instead of a broker. Funding Pips offers a user-friendly and accessible entry process for novice traders, while FTMO has a more stringent review procedure and profit targets. 13,421 reviews on. I think The5ers and FTMO are the likely the most trusted sources. Reddit . Regulator shutting down MFF is one thing but MFF was shutting down successful traders and none of us knew. 1 review. A prop firm like FTMO would have caught this before you even get the verification account, so the service is already most likely lying about how they trade. . Step 1 – FTMO Challenge. They are a mix of traders, quants, mathematicians, and developers driven by the same passion for the financial markets. I was wondering what people's experience has been like with prop firms like FTMO or FT? Are there better alternatives? Am I burning cash getting a funded acct? Welcome to FXGears. From my research, my advice is to watch out for laggy trading platforms. View community ranking In the Top 1% of largest communities on Reddit. ok maybe 5ers also (but they seem different to these both). The only issue with them is the leverage which is way too low for my trading style as a day trader. 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. No. Read 1 more review about FTMO. There are few options honestly. Or check it out in the app stores   Bulenox Review / Challenge overview upvotes r/PropFirmTester. S client and been profitable for awhile with a 50k account making about 2-5 percent a month . Nobody trades at these online prop firms. This review covers account types, leverage, FTMO Challenge rules and more. The only regulated legit prop firm I know is 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. Planning on taking the FTMO challenge in the beginning of next year and just wanted to know what it feels like trading for a prop firm. we're just providing our services to some foreign company and they're paying us. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Are there any other prop firms like ftmo besides mff? I don’t like mff due to the equity drawdown rules 5%ers, Fidelcrast and a lot of other firms, jist google them and 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. Top Forex Advisors. There’s different psychological barriers traders will find. My only issue is 90% of the reviews are clogged up with people who have had bad experiences or want to comment on the commission splits. Dont waste time there. Single fee firms-These firms often but not always fall in the educational portion of the spectrum. Very approachable and efficient. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! To be fair, that lamboraul dude did trade for FTMO and you can find his video on FTMO’s YouTube. So to them, it is a completely risk free business. These are usually very small to medium sized firms that you pay a single fee which gives you training and or access to capital with a split. 2 - My expert advisor. the largest ICT community on reddit! This community serves as a dedicated space where ICT's followers can connect, discuss, and learn from each other. There's no reason for an owner of a prop firm to front Welcome to FXGears. For stocks and options I like the current one I trade with (Alkaline Capital based on Canada). Plus you have to pay monthly as you pass the 5 challenges, but after that you get added to the prop firm full time with up to $10 million bp. Sep 3, 2024. Excellent. Executions are fast and it doesn't lag. Best to go for regulated/reputed brokers. It's originally an Australian broker using its branch regulated in St. Maybe you'll find it helpful. I have recently come across proprietary trading firms such as FTMO as an example. There definitely are some that don’t. We also delve into the evaluation process, the educational resources available to Have you been wondering about which the better forex prop firm is, FTMO and the 5%ers? This review details an excellent comparison over the features, In this FTMO review, I'm taking an in-depth look at the firm, a leading proprietary trading company that has gained widespread popularity among traders. The other is nudging the prop firms to offer what traders really want by increasing the transparency. 8 billion crowns. For a bad firm, these reviews tell you about these « hidden rules ». With FTMO, investors can trade various No hay muchas firmas de apoyo que ofrezcan coaching de trading y oportunidades laborales reales como lo hace FTMO. FTMO is a prop trading firm. I have been trying to find different futures prop firms and I was wondering which prop firms would you guys recommend from these prop firms I have found. 65 out of 10. Unlike traditional brokerages, these firms do not have clients but allocate some of their capital to their traders. 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. I want dip my toe into an 200k challenge but don’t know any legit prop firms. by Chintan Patel. In January I’ll be starting with The5ers and Darwinex Zero. which are designed for you to keep paying their subscriptions. WAKAwaka makes a lot of people a lot of money. Profits in a prop account are only limited by your leverage and position size. I have been looking at ftmo and funding talent. I would focus on prop firms that have been around for a Posted by u/A33Bot - 1 vote and no comments It appears this thread is about Prop Firms and Scouting Programs. The earnings are then split between the firm and the trader based on an agreed percentage. I would do trade the pool, make 25-50k there, then take that money and join tradefundrr pro trading program where they add buying power to your current equity so you can have more leverage. Seems like a good way to reduce counterparty risk - as long as you have decent risk management. Don't risk with these ones that are not that much known especially when it comes to cashing out. Do you agree with FTMO's TrustScore? Voice your opinion today and hear what 13,515 customers have already said. come talk about Ryzen, Radeon, Zen3, RDNA3, EPYC, Threadripper, rumors, reviews, news and more. " Although they aren't a straight up fraud like some prop firms, SMB isn't good. I wouldn’t ever consider prop firms a quick way to trade real money. Prices are relatively higher than other firms but Any prop firm that doesn't give you a scalable account should not be on anyone list. 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. Amazing experience with ftmo. Based on user We talk about good & bad Prop Firms, Prop Trading, and the Prop Industry in general. The main reason: emotions. com's Reddit I'm sure some have heard about FTMO not accepting US clients anymore. :/ Getting funded by prop firm was my nearest goal as a trader, to get some capital and start my live account, but now CFD prop firms may be the way to go. JTM. Do B-book prop firms like FTMO, SFT, Blue Guardian etc copy their profitable traders? Welcome to r/InnerCircleTraders, the largest ICT community on reddit! While ICT doesn't have an official subreddit, this community serves as a dedicated space where his followers can connect, discuss, and learn from each other. I can crunch all the numbers and do a comparison against FTMO, but the truth is I will likely skip past you because I have no way to validate my system FTMO, the gold standard for retail prop firms, had announced that they would no longer begin to accept US customers. i want to see if there is anyone out there who survive being with this prop firm - or any others that promote long term growth like the 5%ers or lux trading firm. I don't believe in pass the challenge kind of prop firms like FTMO, Topstep etc. So if you are up 30k TODAY you can Welcome to FXGears. One of the most notable aspects of the offering is that their profit split starts at 80% which is already higher than many other prop trading firms. Reply [deleted] Reddit . Congratulations. /r/AMD Reading some trustpilot reviews for the most popular prop firms, it does not seem good. Actual proprietary trading firms offer much larger funds, real funds, trade themselves and are usually closely located to an exchange for best execution, among many other things to qualify as a prop firm. Join us in shaping the future of crypto trading and maximizing your potential in the evolving digital asset landscape. The best prop firm besides FTMO AID The Funded Trader In my option. 4. They are no paying out for 2 weeks, when I asked their support, they outright stopped replying to my texts. My immediate thoughts about these services are that they pass and then you’d get your account revoked after you attempt to receive a payout, or shortly after you pass the challenge for It appears this thread is about Prop Firms and Scouting Programs. i believe this became an issue earlier this year and they had to change their business model a bit. I wanted to ask you how your experiences with FTMO are and how big is the account you are trading with? Short story about me: I discovered trading FTMO Review 2023 is finally here, we are excited to be sharing our honest feedback on how we would rank FTMO based on our personal and trading communities ex I’ll begin the article by explaining what FTMO is and how it works (and prop firms in general). 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 Yes, FTMO is a reputable prop firm that has received positive reviews from many traders. It appears this thread is about Prop Firms and Scouting Programs. FTMO. JT. FTMO recently blocked new and existing US clients from purchasing new challenges or trials. 8 Best prop firm. Date of experience: August 26, 2024 FTMO is one of the fastest growing proprietary trading firms with funded trading accounts. FTMO recently announced they are doing away with the 30 and 60 day time limits for challenges and verifications, as many other prop firms have already been doing. We wanted a place where we could discuss the markets from the perspective of a prop funded trader. What credible prop firm would let some unknown retail ape just trade a 6 figure account with no prior training or risk management. Attention Forex Traders, I want to share my unfortunate experience with FTMO, a prop trading firm. Most people that trade their fail. Best Forex Robots; FTMO Review: A Forex Prop Firm Worth Considering. The 5%ers is another prop firm I've been eyeing recently. Para la parte 1 del desafío FTMO, el objetivo es obtener un 10% de ganancias. FTMO is a proprietary trading firm that funds traders after they pass a rigorous evaluation process. A prop firm like FTMO isn't actually giving you any money, a "funded account" with them is really a demo account. They haven't paid a single Trader this month. We talk about good & bad Prop Firms, Prop Trading, and the Prop This review of Alpha Capital Group is based on my own personal experience with the company. I have also started new challenges at other prop firms to expand my capital and diversify so not all my fund is at one prop firm as you never know. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Hi guys wondering if you guys have had personal experience with Prop firms other than FTMO with just as low spreads and low commissions. Welcome to FXGears. Please contact the moderators of this subreddit if you have any questions or concerns. You are trading with their money with the intent of producing a return against the market. I am a bot, and this action Reason is my backtest showing some spikes above the limit few times per year just 1 or 2% above the limit but enough to bust the account with the prop firm So finally I'm running it with really money, not 100K but 10K and it's working well for me, doing 2-5% per month in safe mode, or 10% month in high risks mode. While large position sizes and high trading frequency may seem appealing, FTMO provides examples showing that a more conservative approach with smaller positions and less frequent trades can actually lead It's in Czech but you can translate it with any browser: FTMO: Prop Trading from Zero to Billions | FXstreet. that's it. - To be with other like It appears this thread is about Prop Firms and Scouting Programs. Some firms like Apex have really shitty and hard to follow rules, but firms like TopStep have been consistently making their rules more relaxed. I recommend this prop firm 1000%. I researched many prop firms and their programs when I looked for the most fitting prop firms for myself. It’s a grid system. This way, if you have a consistent strategy, you won’t lose the account. This FTMO review guides you through the FTMO Challenge, including the signup process, member dashboard and trading platforms. 4 reviews. Esto ya es una tarea Welcome to FXGears. Proprietary firms also do not offer remote trading due to tools and tech they utilize. Frankly, both times I’ve passed the first phase, ftmo hit me up via email for a trustpilot review FTMO is one of the fastest growing proprietary trading firms with funded trading accounts. from my last week's knowledge the most legit ones are FTMO & 5%ers and MyForexFunds, but i have found bad reviews about them too. For example, this new Asian firm called fundednext offers a challenge without time limit where you have to hit a 25%. Yes, any prop firm can 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. MFF has trailing drawdown, weird random slippage. 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. But you seem like the type of “trader” they’re marketing towards. It is crucial to conduct research and evaluation of different firms to ensure the best fit. Funded traders receive up to 90% of profits. I am now looking to transition into FULLY living off my profit and helping others. Prop firms are a brilliant way to make money, albeit not completely morally just since a portion of their income is gained through failed challenges, taking prey on the publicly known 99% of traders that fail but they’re completely transparent with their rules and if you’re unable to prepare yourself for the game don’t play. Then, I’ll demonstrate the FTMO prop firm’s value proposition and Both FTMO and FXIFY are legit prop firms though. CH. And helps people pass a lot of prop firms. So, is City Traders Imperium a good prop firm or not based on their offerings? That said, there are certainly prop firms with very small spreads. I have been funded with 5ers. Very interested to hear from you. Although some Forex online prop firms do also trade with real capital and don't keep their traders on demo. The last one isn’t a prop firm but has a lot of long term potential. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO UPDATE. Date of experience: 03 September 2024 prop firms like ftmo,mff allow traders to trade with them globally. Update: thanks guys for suggestions unfortunately I still dont see a respectable prop firm, most have silly none sense rules, ftmo dont allow trades to be open over weekends. They’re not going to trust some schmuck even if you pass their test that’s designed to make you fail. If you read the 5 star reviews you can tell they are identical in nature and are NEVER specific, and usually are just super generic and refer to some ''name'' that helped them through XYZ. Do you agree with FTMO's TrustScore? Voice your opinion today and hear what 13,483 customers have already said. 0. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading It might bea good idea for traders to read the FTMO reviews here on Reddit, to see whether others had issues with FTMO. FTMO is the best prop firm I've know in FTMO is the best prop firm I've met in my whole life, the payout was very fast within 24 hours and I get fee without any complications so I'm thinking about to buy another challenge. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Proprietary Trading Firm The ultimate climax of the Premium Programme shall be our acquired traditional proprietary trading company - Quantlane. MyFundedFX just changed their home page to put the word "Simulated" in 72 point letters and in multiple places, where yesterday it said stuff about trading "our funds. Those 3 are ones with the best reputations, especially ftmo and mff, along with 5ers. Before you can get your FTMO Account, we need to be sure you can trade responsibly and manage risk properly as, in the future, we can use your simulated trades performed via the FTMO Account when trading on our own account on real financial markets. However, keep in mind that whether they call it spread or commission, you’re still paying a fee. Hello Lads, Can anyone trading for a prop firm share their experience with us and give a little backstory about their trading journey. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. 0 slippage even during new york open. Each has its own set of advantages and FTMO has 5 stars! Check out what 13,316 people have written so far, and share your own experience. 3 - High risk manual trading on Gold and oil movement / news. :) all positive reviews are paid for also on reddit Sounds like MFF broke some rules and were not operating properly as a prop firm. There are not many prop firms out there that offer trading coaching Worth it. There is an exchange called ACG Markets that It appears this thread is about Prop Firms and Scouting Programs. I keep telling people this, but I sometimes think FTMO is THE most legit prop firm out there. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. If you can pass the demo multipul times with FTMo you should be able to pass any prop firm. They used to have newspaper hiring posts and would grill you in person on the floor. The real issue is that MFF was getting rid of sucessful traders and yet it was a top rated firm with positive reviews all over. Weigh the pros and cons of each system. Don't trust them, read 1 star reviews on trustpilot. Leave your review to help others. I am a bot, and this action was performed automatically. Or check it out in the app stores     TOPICS. 2 cons I would like to mention are, they don't tell you about their broker but Alex(5ers) has told everyone it is a 3rd party liquidity provider and not FTMO does not offer or provide services to users in your country. 4% risk (and you can't open other trade, you hit your limit, good for swing traders). | Read 81-100 Reviews out of 9,224. Or check it out in the app stores For more information read the Alpha Capital Group review here on Reddit. does anyone have knowledge about Maybe MyFundedFx is worried about more prop firm enforcement coming. Anyone can fake reviews on trustpilot, it's been shown. Institutional execution and real time support guys who are super helpful so you can may be try them. Prop firms make money based on the commissions you pay per transaction + I continually search for new prop firms because I want to trade more commodities but am continually disappointed by the scams they run. the reason I ever chose MFF was 5ers did not have oil to trade and that is my primary instrument. I’m using FTMO for over 2 years now. upvotes r/PropFirmTester BluSky Prop Firm Overview / Posted by u/ComfortableRepublic4 - 1 vote and no comments The funded trader is new but has great reviews. Don't you have to pay them money? How much have you paid first? I'm genuinely curious because I've never used one (don't need to, don't plan to) but I'm wondering how much of this $2000 you paid to them first for things like their monthly fee, account resets, etc With all the recent news of prop firms shutting down, I wanted to take a moment to discuss the situation. 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. For a good prop firm, these bad reviews are just losing traders venting their anger. the paper to real money managing other peoples money Many traders I’ve read about decided it’s not worth the headache and stress of #2 and trade for themselves. yes. best spreads in prop industry bar none. Trading is not easy! Don't expect to get funded on your first try. 1 - Hedging with different prop firms. However, it’s important to thoroughly review the rules and requirements FTMO is one of the leading firms in the forex prop trading space with over 6000 new members joining in 2020. Is the thefundedtrader legit and which challenge do you prefer? Thefundedtrader is a new company and I don’t really now if they are legit, I can’t find any negative reviews that’s seems to good to be real. Also make sure to read reviews online, like the FTMO review on this sub-reddit, before you get started. I trade US equities with a Canadian prop firm Alkaline Capital. A detailed overview and comparison of popular forex prop firms can be found here. This is achieved through the Trading Objectives. After these 2 I’ll be trying FTMO, but after that everything becomes more questionable. a lot of prop firms are doing The prop firms make A LOT of money from people blowing account after account to cover the payouts of the really good traders who get payouts after payouts on a bimonthly level. If you are as well, you have your FTMO app that shows your daily allowed drawdown. These reviews will help you to make the most informed decision before investing in a course or training. A full review of the ftmo is available below: https FTMO payout proof Prop Firms It appears this thread is about Prop Firms and Scouting Programs. If they pass, you pay. If you are consistent and profitable with futures or forex, using a prop firm may be better than a personal account. 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. Im currently doing the challenge myself. Just as a warning. Here you can post legit checks, reviews, and general conversations about Canada Who are FTMO? FTMO is a proprietary trading firm with the legal name FTMO Evaluation Global s. 000,00 FTMO is a Czech prop trading company founded in 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. That’s where I’d start. A few have a subscription on the ass end also so ask. Just watched a video of tradernick talking about prop firms, and he says that like probably 98% of prop firms are scammers, using casino tactics, and most of them give traders demo accounts as real accounts, and if a trader makes a lot of money, the prop firm usually makes an excuses to refuse to pay, is this true and does anyone have a genuine review Thanks for sharing awareness. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! It appears this thread is about Prop Firms and Scouting Programs. | Read 101-120 Reviews out of 9,245. I managed to get a lot of prop firms challenges with those, and have been continuously trading on them using my expert advisor ever since. But so in the end i am left confused, i still have hopes. They seem to really care about helping their traders become even better. even more like "prop firms" because they are just games that pay real money if you win. FTMO Reviews 13,429 • Excellent. cz ''We don't have a final look at 2023 at the moment. 00 USD profit in 2022! Interesting article. Does FTMO use 3rd party registered and legitimate known brokers or are they in house broker ? ! Is simple , as traders for us to choose prop firms thats the biggest red flag , i am with a prop who uses 3rd party broker ( thinkmarkets ) is nearly impossible they can manipulate the market at all so is ok to work with these props. In the prop trading space, FTMO is a leader - and for good reason. 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 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. Date of experience: September 05, 2024. Funded Trading Plus is also one that I've tried. Everyone is welcome! FTMO made 77,112,000. They are consistent and decent spreads. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! BTW its not just FTMO. There's always futures online prop firms if you think Forex online props are too risky. The real prop firm days are long gone. Prop trading firms, or proprietary trading firms, provide traders with capital to trade on the firm’s behalf. They don’t use EightCap like many do, and systems have always been stable in terms of execution speeds, slippage etc. Around 8 years ago, I was trading forex and every single broker I used started giving me mad slippage and execution delays the moment I started making big money. FTMO has already created more than 180,000+ FTMO Accounts. When it comes to trading with Prop Firms in Canada, what exactly is the procedure to apply for a prop firm and how does it work? How would one apply to a Prop Firm in Canada? Currently working a 9-5, I've been paper trading for awhile before and during work. 😀 FTMO is not your typical prop firm. ¿QUÉ NO ME GUSTA DE FTMO? Los objetivos de ganancias del 10%. Which would you choose? aiming to document my personal journey while also providing useful and factual content relating to various firms. Hey guys, been a mff then ftmo U. real reviews, the 5 stars are traders that got forced to review after their payout, some companies (i can guarantee for FTMO) force you to FTMO has a lot of those reviews with people saying they got their split. 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. so does anyone know if trading forex with their capital be legal for an Indian citizen and we're not violating any fema or rbi rules . Feels like every other day another prop firm goes down, beginning with MFF now TFT and SFT. Having reviewed trading opportunities offered by the company and reviews posted by FTMO clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews FTMO is the best prop firm. Quantlane was founded in 2014 and currently operates under the wings of the FTMO Group. Subscription based firm- Sorry to ask, I’ve just seen more negative reviews on this firm in particular. Ftmo is safe. February 9, 2021. They even have positive reviews. Funded Trading Plus Stocknet Institute E8 Welcome to FXGears. r/PropFirmTester. FTMO, a leading prop trading firm, is expanding its reach into the retail brokerage space. They are located in Prague, Czech Republic, and are being managed by CEO Otakar Suffner. In this FTMO review, I’m taking an in-depth look at the firm, a leading proprietary trading company that has gained widespread popularity among traders around the world. There are like 50 firm using them. org Reddit PropFunded traders community. Their structured trading program, risk management emphasis, and potential for capital Prop Firms. Check out what 13,483 people have written so far, and share your own experience. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. but i would strongly recommend you to read ALL informations before starting a prop firm test with FTMO because it can get expensive and exaustive we will review it and get back to you. TL;DR: Your FTMO app shows your daily allowed DD after every new trade. FTMO developed a Welcome to FXGears. They are sketch AF. PK. I just put out an overview and comparison table of popular prop firms, including The 5%ers, and you Welcome to FXGears. Check out what 13,515 people have written so far, and share your own experience. Until them we have 3 legit for now prop firms. I just wanted a prop firm with regular rules as a normal broker. are unregulated brokers, in short every prop firm that used MT4/MT5 is unregulated. FTMO is the proven and trusted prop firm. With Apex, I got my first payout then my second payout then I had two payouts that I asked for at once, they said, I flipped, I never traded a micro, always a mini, then they said, flipping was because I was in the Trade for a couple seconds, I usually look for 20 ticks, which is five points, really does it take more than one or two seconds Trading NQ which we all 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). Key features: 01 Explore the FTMO platform and unlock Free Trial bundle of Tools & Services; 02 Assess your trading skills without entry fee; 03 Gain insight into the FTMO Challenge and Verification; 04 Identify areas for improvement before undertaking the paid FTMO Challenge; Important Reminders: 01 Free Trials of FTMO Challenge do not Get the Reddit app Scan this QR code to download the app now. Or check it out in the app stores A community where you'll find genuine online marketing/prop firm reviews. The FTMO head office is in the Czech Republic, while that of The 5%ers is in Israel. FTMO is easily one of the most reputable prop firms and they were essentially synonymous with the retail prop space. Different challenge types, 400k with a ten percent first month, 5 percent two month after. FTMO is the best for prop challenge. They are also large enough to offer their own brokerage along SurgeTrader vs FTMO 2024: Which is a Better Prop Trading Firm? bluFX vs FTMO 2024: Which prop trading firm should you choose? Mastering Trading Skills In my FTMO review, we discuss FTMO’s features, pros & cons, and costs. Mira los últimos precios aquí: https://ftmo. Being a broke college graduate living not too far above the poverty line (before inflation), it sure would be nice to have an account of $400k for being able to pass their evaluation test. o. First, I'll share my personal experience with FTMO (This is just a comment on this sub-Reddit, where you can leave your own experiences). Choosing the best prop trading firm ultimately depends on individual trading goal, preferences, and experience level. Abdul rahim. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! This program is very similar to FTMO, except the profit target is 2% lower, and the growth potential is much quicker with The5ers but caps out lower. I became concerned when reviewing the Terms and I've been deep diving into the world of proprietary trading firms and have narrowed my options down to Funding Pips and FTMO. rtoku cuxhlfw totgyqs tiiiv rsuvr ptd rlndm bqhipf zndhraxt bzeh