- Search Metals Mine
- pipmaster77 replied Apr 27, 2021
I use another broker for charting and technical analysis. Simple solution.
Prop Firm Hub
- pipmaster77 replied Apr 26, 2021
I really only intended to use these firms until my personal account is large enough where the monthly profits meet my monetary goals. Unfortunately, that will take 300-400K. If/when I get there, the dilemma becomes why would I want to park that ...
Prop Firm Hub
- pipmaster77 replied Apr 26, 2021
I agree. I believe FTMO executes "some" trades as well. I believe they have developed a revenue/risk model that involves challenge fees, profit from "some" traders, maybe some cash back rebates. I watch my trades with them come within .001 of my ...
Prop Firm Hub
- pipmaster77 replied Apr 26, 2021
Was thinking the same thing. For me, there are still only two and I'm watching MFF closely (eval model only). I already made it clear, any offer where the fee is larger than the DD offered, you are better off putting the fee in a personal account as ...
Prop Firm Hub
- pipmaster77 replied Apr 23, 2021
Trust me, I did it. I've passed 2 FTMO challenges with 10K in DD for $640, but failed miserably in the 5%ers eval. You pay $450 for a "10,000" account, your DD is $400. You have to size your positions to reflect the $400 max loss, in your personal ...
FTMO - For serious traders
- pipmaster77 replied Apr 22, 2021
They hit the target and kept trading. This is the second time I've seen this. I don't get it at all.
FTMO - For serious traders
- pipmaster77 replied Apr 22, 2021
Yes, you understood me correctly. Was just making the point, with some general off the cuff numbers. Point being if you set up a business to trade money that is not your own, the challenge fees are simply a business expense to get you where you are ...
FTMO - For serious traders
- pipmaster77 replied Apr 22, 2021
If the fee is larger than the initial DD offered, put it in a personal account and by stage 3 of their "scaling" plan, your personal account is larger. They are essentially having you fund your own account and taking 50% for that privilege they are ...
FTMO - For serious traders
- pipmaster77 replied Apr 22, 2021
Yes, I would absolutely run this alongside a personal account and simply copy trade due to the time required. I know there are better options than FTMO. In the US, FTMO is my best option.
Prop Firm Hub
- pipmaster77 replied Apr 22, 2021
Wasn't comparing gains, just the split, 20% vs 70%, you need an account 3.5 times the size of FTMO to earn the same, regardless of the actually profit %.
Prop Firm Hub
- pipmaster77 replied Apr 22, 2021
Yes, 19% is what they earned, profit share is 20%. The 5.2 million guy...you would need 1.4 million with FTMO to be equal. Not sure if that is their top account, but you basically need to manage 1.4 million with them to earn the same as 400K with ...
Prop Firm Hub
- pipmaster77 replied Apr 22, 2021
He wants to invest his money with them and earn a 20% passive income. He wants to be a part of the capital they are trading.
Prop Firm Hub
- pipmaster77 replied Apr 22, 2021
Can't do it Paul. The regulations you have been vocalizing as so wonderful for us here in the USA won't allow me to. But the good news is, I made another 0.86% today, so that's 1.86% in two days. Not sure if I should shut 'er down or try to squeeze ...
Prop Firm Hub
- pipmaster77 replied Apr 22, 2021
I believe it is because we trade on a demo account with FTMO, it allows them to accept traders globally.
Prop Firm Hub
- pipmaster77 replied Apr 22, 2021
lol, no sir, we do not. I have Oanda, Forex.com, IG......hell of a selection. Of course, we have 6-7 unregulated, offshore brokers. They actually offer far superior trading conditions than the garbage "regulated" brokers.
Prop Firm Hub
- pipmaster77 replied Apr 22, 2021
image Just figured I'd confirm. You guys really have no idea the bullshit we go through here in the "land of the free"
Prop Firm Hub
- pipmaster77 replied Apr 22, 2021
Yes, once again, the good 'ole boys of the NFA/CFTC prohibit us here in the US from accessing either of those.
Prop Firm Hub
- pipmaster77 replied Apr 21, 2021
Either way, too high. FTMO is 0.2 right now and this is Asia session.
Prop Firm Hub
- pipmaster77 replied Apr 21, 2021
There spreads are the better than any broker I've ever used. You will be on the FTMO server, they stream an aggregate feed of LPs. This has been debated in this thread numerous times....are they a white label? do they use a broker ? I, admittingly ...
FTMO - For serious traders