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Ftmo payout reddit
Ftmo payout reddit. But the more people pass and get payout the less if you are good enough to pass these challenges and get a payout you really don't need to use one of these companies. Step 1 – FTMO Challenge. If it’s your first payout you will get the refund of the initial payment of the challenge as wel. Can confirm? Yeah. Imo, it defeats the point of the scaling plan if FTMO is that afraid of a random successful trader here and there. hlo brother i have researched alot about this topic and gained so many crucial things how it actually works, first of all i wanted to tell you that it's completely legal in india , because this is like a freelancer where you are provideing your services to a person or a firms , and you even sign a contract with them via deel where you recieve your payout via various payment mehtod , bank No prop firm company wants you to pass. I've been Yes FTMO does payout here’s a payout from a good friend of mine who is max allocated with FTMO. They have promos every month. This total includes all FTMO Challenges, Verifications, FTMO Accounts, and Free Trials. They are ok with paying out those 0. Only 0. Things that helped me pass my FTMO challenge, verification, funding and payout . Once I receive a payout I’ll post a screenshot here. Thus, during our time on the market we have been able to create more than 138,000 FTMO Accounts for our FTMO Traders. 23 votes, 93 comments. So, whatever you earned (minus 20%) + your challenge fee. Dude was managing a million dollar account with them and went on to trade for some firm out in Dubai. Due to regulatory reasons, bank transfers are not available for payments/payouts in the case of the following countries: Venezuela, Cuba, Sudan, and Ukraine. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. "How high in % was your first payout and how does it fell? 3%, or $1500. I traded the demo account on FTMO with 40k for 2 weeks and reached 20% and also passed all the rules, for me its time for a real challenge. once you're a full FTMO Trader, you can even go on an entire month without trading at all if unforeseen As I'm wrapping up with my FTMO challenge, one thing I would like to know but cannot find any information on is once you become an FTMO trader, what happens at your monthly profit split if your account is in a slight loss but you haven't breached any of the drawdown rules during that month? Say you end the month at $199,000 on a $200k account. my order of preference is FTMO > 5ers = CTI >FP (have experience with all firms , never had an issue with any of them) Actual Fx Broker here, forex profits are tax dependent on what kind of trading you do. 10%/month like FTMO is not realistic imo. In a weird way, when I treat my FTMO accounts and personal account (connected with social trader tools) like demo accounts, I stop caring so much that it messes me up. They will believe anything to get rich quick. I learned a lot in the past months, backtested a lot every fucking day mate. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. to be fair, they are cheaper than FTMO and they allow trading during news events that's why i tried it out (i believe FTMO doesnt allow it once you are fully funded even for non-swing account) However, i have heard that when invoicing FTMO you cant add VAT (20%) because they are based in Prague, so would this make my company liable to pay HMRC that additional 20% out of my companies pocket meaning i lose 50% of my profits as i pay 30% to FTMO and 20% to HMRC? After passing both phases of the account challenge what are the requirements to actually receive your first payout and how long does it take to receive? I’m aware some of the other firms have a required amount of trading days as well as a 30 day minimum before you can actually be eligible for a withdrawal, what’s FTMO’s stand point on this. which is more than enough to pay out the traders that do make money (90%+ loose) -the really great traders with good rm and consistency over a longer term basis get copy traded onto a larger live account. People drive me crazy. I am so hyped and a post like this motivates me a lot. He’s a private guy so I can’t share any of his recent ones but this is one from 2022 r/Forex • Welcome to FXGears. 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 I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. Also live account cant buy you a peace of mind since anybody would rather lose their funded account than blow their live account worth of $3. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. -Share FUNNY Trading I passed my $200k FTMO challenge a while back and am close to payout. Yes FTMO does payout here’s a payout from a good friend of mine who is max allocated with FTMO. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. The FTMO Challenge is the first step of Evaluation Process and educates you to master your trading habits. Any Canadians with FTMO that can help? I was expecting a profit split from FTMO via bank wire, but apparently my bank canceled the transaction(per FTMO's email). You have to be profitable to be able to make money on their "When you pass the phase 2 of the Challenge, will FTMO pay you the refund OR will they only pay your refund when you achieve your first payout?" You get your challenge fee back AFTER your FIRST payout. wait for it if you wanna pursue it. You need to demonstrate your experience by sticking to Maximum Loss Rules while making the necessary simulated profits of 10% of initial balance. If you pass the challenge then you'll move onto the verification. Their scaling plan of 10%/4 months is more realistic. I've done challenges on both and I personally prefer FTMO. This is where things get interesting. Can anyone confirm that either they or someone they know directly actually received a large payout? Also rea over 70% of prop traders don't get passed the third payout. This means that they can generate 10% per month on base capital = $800 payout after FTMO keeps 20%. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. The max daily loss is the thing you need to watch out for. Obviously selling currency back into another currency is never taxed (Real currency trading). 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. Halfway there on the second challenge. Same here. But, on High Stakes you only get $57,542 total payout. If traders could do this regularly, they would trade their own money and be among the richest people to ever live on planet earth. However, FTMO’s Scaling Plan offers even better profit-sharing terms for traders who meet its conditions. Now we can trade through high impact news and hold runners over the weekend if we want. This is my 3rd time with FTMO. If they pass, you pay. -ftmo's business model is based on the failed challenge fees. 5k I can't find the stats on how many traders have been funded for the year 2020 in FTMO. My view on copy trade is different, especially because we work with it. Welcome to /r/Netherlands! Only English should be used for posts and comments. Look at Bernd Skorupinski. Our FTMO Challenge is the first step of our Evaluation Process. Then, there's the other service I used to pass the challenge. The real question is do YOU have a consistent and profitable method? That is the real question. So I did the analysis of the best challenge to do for max profits over time. 5 months per scale up. But for the challenge, they're faced with the same problem as before. I’ve passed the first challenge for the $200k account. 10% a month amounts to about 314% per year, when compounded. It is a contractor position and as such, income tax. They make money solely on people not passing. FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and verification stage. Over the year, we have created more than 960,000 trading accounts through our platform for you. This is because as part of the ftmo contract agreement that you sign when you have an account, you are providing a service to the company and thus they then pay you for said service. Mar 20, 2023 ยท The default payout ratio for all FTMO traders is set to 80:20, which means traders receive 80% of the profits they generate, while FTMO retains the remaining 20%. I have 2 questions: 1- When have you received your account after passing the challenge? 2- When do I receive the refund for challenge & how do I receive it? Side note: I have tried 7 prop firms since last year. FTMO's 70/30. 24% pass and get payout (MyForexFunds statistics). Could you help us with your clone account size? And i really curious if you scale it up to >1-2M$, will FTMO do something with you? Thanks a lot for your answer. 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 If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". If you meet the conditions of our Scaling Plan, not only do we increase the balance of your FTMO Account by 25%, but you will be entitled to a 90% payout. - To be with other like-minded forex traders. com, a trading forum run by professional traders. We deliver a Trade on the platform and you pay only if there is a profit. The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. But to your point about increasing from $140K to $300K: are you seriously proposing that a reasonable person, acting prudently, would let $160,000 sit in a a non-intrest-bearing-account if there was the slightest chance they may never receive that money? Those who are really skilled and experienced can make very good money through FTMO without risking their own capital. . Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. I don't think FTMO would be afraid of someone who is outperforming others. For swing traders, it's a great improvement too once they actually get the funded account. They will pay if you pass but they they don't like people passing (except for marketing). This rule is in place to ensure that an ample audience can freely discuss life in the Netherlands under a widely-spoken common tongue. And there are props that deal live money accounts on A-book brokers, with no equity-based drawdow, and no maximum time View community ranking In the Top 20% of largest communities on Reddit. If you prefer to keep your Profit Split on account to grow and accordingly build up your balance and drawdown buffer, you can do so. 5% monthly, if I was trading a personal 50K account, I'd be up $9000 EOY. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. We then pay them millions of dollars per month from their proceeds. It doesn’t matter how much money you make on the funded account, it can be $1 or $100. I went to my bank and they told me that they have no information to give since they're not the senders. Trading. true. I have provided FTMO: my full name and address, account #, SWIFT code Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. always let your initial capital come from firms which are considered tough like FTMO,5ers,CTI. As you most likely know, there is no Profit Target once your trade on an FTMO Account, however, you can take advantage of our Scaling Plan to increase your balance by meeting certain conditions. e. If they fail, you are still out FTMO's challenge fee. $187,200 through bootcamp. I get to pocket the last 40%. Swing traders can go through a multi-month drawdown even with a profitable strategy, b never pay regular price for challenges in MFF. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. Let's say I make 1. No, not at all. Trying too hard and studying too hard has diminishing returns and is counterproductive. Good afternoon Traders! I have successfully passed my $100K FTMO challenge. 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. Forgive me but wouldn't it have been wiser to take up the challenge with the biggest account like for eg. Posted by u/GuiFlam123 - 2 votes and 2 comments Welcome to FXGears. If you earned the same percentage on Hyper account you will get a total approximate payout of $97,200. Hello guys hope you are doing great I would like to ask you please about FTMO payout A friend of me requested a payout but they told him for some reasons ( i dont know them because he didnt tell me) they split the payout requested on 12 months. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. I guess the main questions are- is that the best way to do this, should I just hire a CPA (suggestions?), and are any of you trading for FTMO/how are you paying your taxes (if you are US based)? Posted by u/Deploratus__ - 2 votes and 4 comments Congratulations. FTMO is legit, and I assume they have a lot of very successful traders. I'm a little biased though because I also trade bitcoin in addition to forex and the MFF's crypto spreads are horrendously garbage imo. So High It's a huge improvement for day traders at least. FTMO take their little slice right off the top from payouts. Surely that would've helped with the greed no? Welcome to /r/Netherlands! Only English should be used for posts and comments. 200K on FTMO? At that point 1% is 2000, and 10% is 20000. No need for FTMO. But i found a similar popular prop firm "Topstep" that display on their website that 5487 traders has been funded so far for the year 2020 and a total payout of 2,026,505 (updated December). you could try getting 100k each from 4,5 top firms too , like 100k each from FTMO,Funding pips,5ers,CTI. Even fewer percentage (0. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. I'll put it in the way I look at FTMO. I dislike the drawdown rules but I understand they are there to kind of protect the trader and to get them thinking about risk management. Our success is, of course, based on you, our clients, and potential FTMO traders. I know nothing of prop firms, but I'm happy for you. According to MFF's own statistics around 2. o Reddit. Once you have 10k of your, you can trade using your own capital and keep 100%. I still think FTMO is a great short term idea. If you earned a total of 60% you will get a payout total of approx. The amount of capital you get is great for easy money, given you pass and get a payout. 24% of people who pass. With FTMO, to get your 70% profit share, you have to invoice them, which I would do from my LLC (once I create it). If I was trading a 2M account, I'd be up $360,000. Do you agree with FTMO's TrustScore? Voice your opinion today and hear what 13,593 customers have already said. You can pay for an FTMO Challenge via bank wire transfer, debit/credit card, cryptocurrencies, or Skrill. Took me an average of 1. So to them, it is a completely risk free business. You initially pay for a challenge account. The trading period is the same for both risk setups, and the same fee refund applies here with the first payout from your FTMO Account. He’s a private guy so I can’t share any of his recent ones but this is one from 2022 I just worry that if the payout is too big, that's when firms get sketchy and make claims of broken rules or something to avoid paying. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. 000, they will payout the profit split every month or at the selected profit split date. 1% of those who take a challenge pass both stages. 9%) of those survive until the first payout/refund of challenge fee. Assuming no blowout, in an year one would have generated $9600 or roughly the same capital FTMO is providing to you. Highest payouts in the regions 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. •FTMO Swing Account: no longer need to close trades for the weekend and, once you've passed both the challenge and verification, if I recall correct they also dropped the requirement of minimum 10 trading days a month - i. Sorry OP but that's a dumb question. They're handling my account now and take another 40%.
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