Once again, fee is greater than DD allowed. Put the fee in your personal account, by stage 3 you'll have more than their scaling plan. Trust me, I've done the math, forwards, backwards and sideways. Here's the deal... for $640, FTMO gives you 100:1 ...

Prop Firm Hub

Looking at these other firms really legitimizes FTMO even further. They run their own feed as well, spreads are razor thin and commission is low. There are no reports anywhere, I repeat, anywhere at all of them not paying. All of these firms popping ...

Prop Firm Hub

DD on the 5ers and CTI is 4%. Your fee is more than your DD. Trade that on your personal account with the same position sizes. tfort....2 % weekly DD, 4% total. As you can see, it's tough to find anther firm like FTMO. Been trying for several months ...

Prop Firm Hub

Here we go..... another savior. What real prop firms do you speak of? The ones where you need a degree in finance, 5 years of trading history and then get a 10-15% split. No thanks.

FTMO - For serious traders

Only a 50% split, and 1% deposit on account you want to obtain is the cost. You can scale to 700K, but 300K is largest one time and cost is $3,000.

Prop Firm Hub

That's their old program. 100K challenge is $499.

Prop Firm Hub

Great question. For some reason, this guy has gone through my posts from like 3-4 years ago and asked what I don't like about FIFO. Now he wants to debate what it actually is. To a US based trader, I guess it's relevant to FTMO, to anyone not in the ...

FTMO - For serious traders

I feel like I'm in the Twilight Zone trying to hold a conversation with this guy. Holy sh***. The funny thing is he is making it 100% clear he has never placed a trade in his life, yet he is here "saving" us from ourselves.

FTMO - For serious traders

Wow, you are kidding me right? You must just be trolling us. So if I open a "trade" of 0 .2 lots and then another "trade" of 0.2 lots, I now have a "position" of 0.4 lots. In the US, I must close my first "trade" of.2 lots first, hence the meaning ...

FTMO - For serious traders

Nah, Koop, not the only reason, it's a beautiful place. I have others on the radar as well. All outside of the US though.

FTMO - For serious traders

Right, I'm still offshore with $$$ split among 4 brokers, but FTMO allows me to trade with that kind of margin without tying up any additional capital on my end. Even when my profits from my live accounts meet my monthly goals, I'll keep using FTMO, ...

FTMO - For serious traders

The brokers aren't looking for good traders either. Look at it this way, I am trading 200K and going to do another 200K, crypto is at 300K on his way to 400K. Our fees have been refunded with first profit split. We now earn profit every month ...

FTMO - For serious traders

Not correct. If I take a position and it goes into profit, so I add another position. I must close that first one first (FIFO). I it goes against me and I wish to average in, let's say the second one is in profit and I wish to close only the ...

FTMO - For serious traders

Wow, I feel like we're friends now.

5ers Trader vs. Independent Trader

Yes, I am user name grandpipmaster on the baby pips thread, I'm sure you've seen me there. I have relatives that just relocated to St. Lucia, have a 3 year goal to get there myself. Then I can trade with any broker I wish. I even updated my profile ...

FTMO - For serious traders

Exactly, if you can't pass it, don't take the challenge. I have passed 2 FTMO challenges and recently failed 2 with another prop firm. Their model doesn't fit my trading style. As Cryptosurf has mentioned, numerous times now, if FTMO should screen ...

FTMO - For serious traders

Back from vacation. Have to admit, after passing 2 FTMO challenges, the 5ers model is just like OutThere claimed, you need to adjust your position size to trade as if you have an $800 account. With FTMO and similar, I paid $650 for 100,000 with 10% ...

5ers Trader vs. Independent Trader

and apple sells a phone for $1,000 that cost $50 to make. What is your point?

FTMO - For serious traders

Yes, this is way tougher than I thought. I am spoiled with 100:1 leverage and 20K drawdown on FTMO. Thought I could just adjust position size. If you see, I actually do pretty well when I trade .50 per pip, but I didn't want to take 10 years of my ...

5ers Trader vs. Independent Trader

rollover, happens every day around 5 pm eastern.

FTMO - For serious traders