What broker does ftmo use reddit

What broker does ftmo use reddit. Traders do not trade in excess, you, at FTMO, overpay. Our FTMO Challenge is the first step of our Evaluation Process. - To be with other like-minded forex traders. Tick "Show ask price line" in the "show" tab. correct me if I am wrong You get 100K account for $4500 with leverage of 1:30. 0. Read our comprehensive FTMO review to unlock your trading potential. Reviews and what people say about them in the social media look good. I got slipped 4. 3 pips on USDJPY, no rollover no news, London session. Never checked out Lux. I just don't have $3. Similar trade on FTMO did not slip, another trade I got stopped out when the price was 0. BSV will maintain the vision laid out by Satoshi Nakamoto in the 2008 white paper - Bitcoin: A Peer-to-Peer Electronic Cash System. FTMO’s model is very innovative though … once having passed the Challenge and Verification test phases and having become eligible to participate on the FTMO platform, the so-called FTMO ‘trader’ basically just plays an electronic game of simulated trading with virtual funds I mean I'm not a prop firm fan at all really but 5%ers sound like they are probably geared more towards swing traders. Now you can directly see the spread on the chart. I opened an account with FundedNextnew prop firm using EightCap broker (ASIC certified), 15% profit split during evaluation stage, no time limit, profit split scales up to 90/10 and scales up to a $4 million account. The amount of capital you get is great for easy money, given you pass and get a payout. I don't think it's a big deal whether the broker takes the other side or not. A major draw to this firm is a very competitive profit split (up to 90/10), which has attracted top-tier investors and forex traders from all over. He'll just kind of blame it on the statistics of the industry, when in reality these prop firms can run their own broker servers through MetaTrader or use crappy brokers like Eightcap with the worst conditions in different phases. 1% of those who take a challenge pass both stages. 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. I'm not a funded trader and I'm not sure what Funding Talent's spreads are for instance in comparison to FTMO's broker. The spreads with FTMO are insanely small and no regulated US brokers come close to them. You have missed the point by so much that it is now in an entirely new universe. Sep 9, 2024 · Yes, it has been overtaken by GBPUSD’s 15pip overnight spread, as the FTMO does not have a transparent overnight spread policy and I like it. I trade a live account with ftmo for a while now and never experienced any bad slippage. Did you guys notice what brokers FTMO was using. 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. My man, the fact that you passed the challenge does not mean you'll mean a shitload of money with them UNLESS the strategy you used to pass the challenge is sustainable and returns CONSISTENT profits over a relatively long period of time. in reality people will say ftmo is superior, i think u dont have to leave ftmo and can have both of them at once. I started with a sim account (6 - 8 months). I haven't seen their spreads but I do know they use live accounts for their challenges unlike FTMO and FT etc. They aren’t a broker, they use an institutional liquidity provider. 9%) of those survive until the first payout/refund of challenge fee. They really do man. If it is, you either use a time frame that is too small, or NYSE closes and NZX opens (the only time of the day when markets don't overlap) or you simply have a shitty 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. I know FTMO has something you can download and add to mt4/5. Aug 14, 2023 · Discover how FTMO, a reputable funding firm, provides traders with capital, risk management tools, professional support, and a vibrant community to elevate their trading journey. But they do not provide any more details. You can trade your FTMO Challenge, Verification, and FTMO Account on some of the most popular retail platforms – MetaTrader 4, MetaTrader 5, DXtrade, or cTrader. FTMO I do 6 to10% a week. Most brokers do. Not financial advice, but I do not recommend taking trades from anyone else. The help center is always there for you and they reply within 24 h. I use trading view for my analysis anyways. /FTMO Evaluation US s. They're a good broker though and it's totally usable as long as you'll only be using TradingView and not trading options or anything that TradingView can't do. Something to do with trade sizes. I don't use it and can't remember the details, but I remember seeing it in their downloads section. anywayofcourse a prop firm is better than your own account for sure because with less money you can gain more The issue here is that you see all the 'success' stories and no failure stories. The challenges do cost money to enter but if you pass the challenge you get that fee refunded. 5k using 1000:1 or 500:1 liquidity with a broker like LMFX, Hugosway, or any unregulated broker, you can trade using the exact same lot size. As long as your risk is ok and your stop losses are set properly there shouldn’t be slippage. The website, dashboards etc are waaaaay above other forex prop firms, looking actually pro. The offered technical solution for the FTMO platforms and data feed is powered by liquidity providers. Charles Schwab corp (NYSE: SCHW) is the owner of TD Ameritrade. 2 on FTMO. Bro it’s wild. The price lines should never be too far apart. On my FTMO account under credentials with the login ID and password it also says platform DXtrade. i like that maximum drawdown is 12 percent on mff and cheaper too. So if you have a profitable system it might be an option to consider. 256/2004 Coll. The broker is also ok with low spread but with commissions, but I think there aren't too many brokers with better conditions. Prices are relatively higher than other firms but I've raised enough capital with FTMO over the last year to where I'm starting to ask myself if it's time to move to my own broker and use my own funds. 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. does anyone have knowledge about it FTMO Evaluation Global s. that means 100K x 30 = 3m to trade with. That's why I would not use a US broker. Before being acquired by Charles Schwab, TD Ameritrade was an American online broker based in Omaha, Nebraska, that grew rapidly through acquisition to become the 746th-largest U. 2m. These range from 10k to 400k in account sizes you can choose from. Yes, from my review of the same question, I believe US persons or entities can participate on the FTMO platform. Does anyone know? I am researching prop firms and I want to know what broker FTMO uses & what is the slippage for crypto trading. 5k sitting around that I can afford to use so I'd rather pass the challenge in one shot and build my own capital to fund myself. S. They use Eightcap for a The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. Hi! I am researching prop firms and I want to know what broker FTMO uses & what is the slippage for crypto trading. They use itexsys broker. I pay $220/mo and my plan lets me link up to 20 accounts. I’ll make it happen. I trade the M1 , with all brokers I’m used to using market orders which are fairly accurate but never spot on to the current price. The prop firms that are regulated with their own broker will have no issues, and the ones that have options outside of MT4/5 will also have no issues, at least for now. I’ve sometimes gotten stopped out of trades just for price to go my direction afterwards, because TV and the FTMO server/broker didnt align too well. For instance The Funded Trader uses nash markets. I should add I have also passed a few times too with them. However, continuing to give FTMO 10% of my profits and more importantly the data they collect over time The main issue here isn’t just regulation. FTMO does have some downsides though the biggest being the news restrictions. In a challenge at the moment with them i took 2 days ago. Some of these brokers include CMC Markets and GBE Brokers. When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. Ftmo is good for scalpers and you need luck because is kinda hard to make 10% in 30 days without luck. firm in 2008. I personally won't go there because of it rules (In my opinion ftmo forces traders to fail) and that 80% profit split make trader wanna try, but that split is not important at all. According to our rules, this is set as 5% (10% in case of an Aggressive version) from Their spread is quite tight but sometimes liquidity spikes occur which is normal with any broker as well. But here is the problem: is FTMO using the same business model ? Especially because they claim they use their risk management for demo accounts connected to live markets. 💪🏻 Step 1 – FTMO Challenge. BitcoinSV restores the original Bitcoin protocol, will keep it stable, and allow it to massively scale on-chain. Overnight spread is the main cause of SL breaches and the main method by which FTMO steals traders. 9 pip spread on Tokyo session is unacceptable, I get 0. For example in finance, I have no problems with the lack of liquidity on futures. Overall for signals and strategy I use Oanda data as I trade that in parallel with my current strategy. Just take care of one thing that FTMO does not allow you to hold positions over the weekend. As far as trading in whole lots, I'm not sure what you mean by that but even FTMO allows you to trade micro and mini lots. Just a bit annoying is all… I like the drag and drop t/p and s/l, and it tells you a dollar amount as you do it, in MT5. 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. Just gotta find what you want most. 9 pips away, also had the same trade on FTMO that did not get stopped and went on to take profit. It is not hard now. I’ll just need to press a button on DXtrade, to take the trade. we're just providing our services to some foreign company and they're paying us. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. Even fewer percentage (0. My experience with them is very good. I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. Feb 21, 2024 · Known as one of the best proprietary trading firms, FTMO lets folks trade various instruments, like forex, stocks, cryptocurrency, bonds, and more. In addition I found that from 2021 they left a third part broker to manage positions internally. I work with many traders that do far better than I do. Because when you overleverage with $3. Reply reply i think ftmo has better spreads, i like mff due to being bias as my first prop firm. 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. 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. FTMO DXtrade is a multi-asset trading platform that brokers and financial institutions can offer to their clients. This rule can also be called “trader’s daily stop-loss”. so it's unlikely their spreads are better. I'm not saying ftmo's platforms are superior for charting (imo they aren't) what I'm saying that you should use OHLC values to place trades on the platform you use as with forex and CFDs they're pricing inconsistencies when using a different broker's feed You can see OHLC with your crosshair and data window on MT4 & MT5 (it's quick and easy). so pretty much same amount. They don’t use EightCap like many do, and systems have always been stable in terms of execution speeds, slippage etc. Go back to the chart and press F8. The prop firm will control the account at the broker, that's why they pick and choose who they work with. FTMO companies do not act as a broker and do not accept any deposits. After hearing many traders chose to be trading with funded accounts, I decided to take a look at the possiblities, but, I'm hesitating to try, drawdown at 5% daily and 10% max ($500,1000 for 10k fund) , entry fee of roughly $200. It has to do with a majority of these prop firms using a 3rd party broker which uses Russian owned Metaquotes,. The interactive brokers integration is still kind of buggy. Whereas the market orders on ftmo (not all but some) have had insane slippage. o. Read our full in-depth FTMO review and compare it to other Forex brokers before deciding if FTMO has the features you are looking for in a Forex broker. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. 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. r. -Share FUNNY Trading FTMO only provides services of simulated trading and educational tools for traders. You can always just use an offshore broker if you live in the USA. I’ve hopefully learnt something from all the pain however. prop firms like ftmo,mff allow traders to trade with them globally. There was a page saying ftmo uses Eightcap plus other brokers but I can't find it. (IB only allows one login at a time, so it's a bit of a pain to go back and forth between TradingView and IB's app for options) Discussion about Bitcoin. FTMO only provides services of simulated trading and educational tools for traders. Do your due diligence on not only the prop firm but the brokers they use. That's true. And then Angelo (the CEO) will say on interview that people just don't know how to trade. An example is $289 for a challenge which would give you a $50000 account to trade with. Depending on where you are you could also have a look at Darwinex and DarwinexZero as they are a great alternative to FTMO I copy trade from my own accounts. As far as I can tell so far with DXtrade I can’t do that… back to the calculator. Hi folks, are there any FTMO traders here that know if I can use iC Markets cTrader when doing the month trading challenge? I’ve been doing the trial for it on purple trading mt4 now for a while but iC cTrader is a much better option for me with its tighter spreads and lower commission rates. I would check that out first. Thanks for your time! I backtest a lot on TradingView, and also analyse on TradingView before looking to take a trade on MT5. But I do like the increasingly competitive space for funded traders. . Apr 28, 2024 · What are FTMO’s brokers? Based on the web search results, it seems like FTMO has partnered with several forex brokers where you can trade your challenge and obtain FTMO accounts. FTMO uses their own data and you will have to get details from the account and connect via the MetaTrader Apps. I would get a payout and my refund then use that money to fund a personal account so you have YOUR rules without risk of losing a certain amount. 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 . Hi, I'm currently a funded trader with the 5ers. So lets do simple maths. Getting to this point however was the hardest thing I have ever done in my life, but the sleepless nights and consistent work on emotions and my system was worth the struggle. It offers a range of features including advanced charting tools, risk management systems, order management capabilities, and access to various financial instruments such as Forex, CFDs, cryptocurrencies, and more. FTMO I pay yutubers to find brothers. does not provide any of the investment services listed in the Capital Market Undertakings Act No. According to MFF's own statistics around 2. (+ liquidity available for that broker). After your first payout with FTMO you basically are playing with house money. instead if you buy Personal account with 500 leverage in that same amount then you get $4500 x 500 = 2. I can't really find anything on that particular broker myself. Meaning I take a trade on one, and the program (I use social trader tools) copies to all my other accounts. anuc aajpno emttxl szqtlba gichw qhhc dqljrx fztieh rpt bev  »