Ftmo verification documents reddit. Tbh MFF is okay, their customer service is kinda bad ngl but there is proofs of pay outs. I guess that's where personal preference comes in because I'm perfectly fine with risking 0. Sorry OP but that's a dumb question. We need to be sure that you can trade your system or strategy profitably in the long run while respecting the rules. Then OP tried to amend to this by submitting other docs, but at that moment they were already flagged. 8 - Win rate of 55-60%. It was risk of drawdown, so probability of reaching X amount of DD in any part of my equity Line. 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. 5-1. Though the FTMO Challenge, Verification, and FTMO Account all operate in a simulated environment using fictitious funds, the data displayed is based on real market data. Welcome to FXGears. 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! 309 votes, 72 comments. Okay, Like what I mentioned with my previous comment I still fail challenges but when I pass a prop account normally its within 2 weeks, last time I passed phase 1 took 3 weeks due to bad trading weeks (The last time I failed a challenge were 2 accounts ago). I go through the steps that you need to go through on a Jul 6, 2024 · Learn about the FTMO verification process and how it works. Never stop learning. Thanks so much! I'm actually a female :D haha, just thought I'd throw that in there lmao. I reviewed all my trades and i can assure that there wasn’t any error, most of the set-ups were really good actually. so plan is to get fully funded in Funding Talent first. You have to be profitable to be able to make money on their You don't get his logic, because you apply the same rules to a private account. I guess the automated system of KYC verification detected it as a red flag. Our FTMO Challenge is the first step of our Evaluation Process. Swing traders can go through a multi-month drawdown even with a profitable strategy, b This is being very frustrating because I started my FTMO verification with 3 stops, 1 miss and than 5 stops. This has been a 5 year journey for me and I am finally becoming profitable as a trader. 5%. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. How long to get ftmo account credentials? Been 2 days since I passed verification + contract signed. For swing traders, it's a great improvement too once they actually get the funded account. However, more experienced traders, including our new FTMO Traders, know very well that patience and mental well-being are among the most important weapons of those who are successful in the long-term. My advice is if you can afford it, go for FTMO , if not MFF. I am about to finish up the verification process with FTMO on the $25K account. FTMO is legit, and I assume they have a lot of very successful traders. e. Posted by u/omegavegantendies - 1 vote and 1 comment Passing FTMO verification after ~-7% drawdawn Prop Firms Having failed many challenges before finally passing into the verification I felt overconfident initially given the easier Tp and tried to quickly blitz through; soon finding myself in deep drawdawn, I contemplated a hail mary trade with US FOMC or CPI to pass this challenge. com, a trading forum run by professional traders. In the verification stage, you are given the same amount of money that you payed for in the challenge account except now you have 2 months to make a collective 5%. 10% a month amounts to about 314% per year, when compounded. Or trade a small capital and grow it to afford FTMO which is what I’m doing now Thanks so much! I'm actually a female :D haha, just thought I'd throw that in there lmao. When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. That's true. He traded the challenge and verification with 5%/trade and you don't have to be incredible lucky to pass the challenge and verification that way. People drive me crazy. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. If you try to workaround then you will get caught either during document/identity verification or maybe IP range/location/MAC address tracker or algos that detect your trading style and keep track of your trades. Despite trading being simulated, the FTMO Trader can receive a real financial Reward based on the simulated trading results on the FTMO Account as long as his trading is FTMO developed a unique Evaluation Process for traders, consisting of an FTMO Challenge and a Verification, specifically tailored to discover trading talents. You can lose 10% on FTMO with 10% target, so you have to double your account. 800$ 4. 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. •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. OP explained that he/she made a little mistake in the first place (eh somewhat) as sending documents whose address didn't match with the one given to the platform. Got to give it to FTMO. 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. If traders could do this regularly, they would trade their own money and be among the richest people to ever live on planet earth. - To be with other like-minded forex traders. Gain insight into the requirements and tips to successfully complete the FTMO verification process. 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. 3200$ 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. Reddit has made some changes in their billing for API calls that effect ALL of 3rd party developers that have alternate apps. 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. I got funded for 25K in Funding talent too in lsat week. If you pass the verification then you get a funded account with the amount you initially paid for. Hello, good day everyone. Jun 1, 2021 · In this video, I walk you through the process of getting your Funded FTMO account after passing the FTMO Challenge and Verification. Trader Raymond: “Show profitability in […] 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: If you watch some ftmo interviews on YouTube you will easily notice how little experienced are some of the guests. com's Reddit Forex Trading Community! Here you can converse about… I think so, but not all of them, people say why wouldn't they do it themselves, lest they forget max amount you can have is 400k on ftmo for example, so if he can consistently make profit on his/her own, they can do it on other accounts, and if they manage it after the challenge, take a % of what they make on the account, if they lose the challenge, they may only refund the service fee or So this how the first FTMO payout went. If you can make 10% on FTMO for 5 months, on your private account you will have: Month 0: 100$ 1: 200$ 2. Let's say I took part in the $10K challenge, and met all requirements and have an ending balance of $12K, since I hit the target of $1K in 4 days. After you successfully pass the Verification stage, you may get the chance to become an FTMO Trader after passing our review of your trading. It's a huge improvement for day traders at least. For those of you who have done the same, as a company, about how long did it take to them to verify your company details? I am currently working on #2 and 70% to the end of the verification of that one. But the funded accounts always ducked him Jun 1, 2021 · In this video, I walk you through the process of getting your Funded FTMO account after passing the FTMO Challenge and Verification. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. During that time they also ask you to send documents to verify your identity and everything you are associated with. That being said, I want to be looking ahead and make sure to minimize my taxes and maximize my gains. So i have 8 stops in a row with a total of -6. Upon completing the Evaluation Process, traders are offered to enhance their trading skills on an FTMO Account in a demo environment as FTMO Traders with a balance of up to $200,000 in 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. LOSSES ARE OK, they are a part of the game. This is just what works for me so take what you would from it. once you're a full FTMO Trader, you can even go on an entire month without trading at all if unforeseen I'm going to take part in the FTMO challenge soon but I'm not sure if FTMO lets you keep your profits during the challenge and verification stage. Anyway, I’m in according to you, infact i planned my risk for the FTMO verification in a way that I have to reach 13 stops in a row to blow the account. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. If you pass the challenge then you'll move onto the verification. This is my 3rd time with FTMO. So i started my verification, i was used to bigger lot sizes from my challenge phase and on the first day i did super well i got 25% of the goal done fast forward to day 2+3, in sumarry - not good if i had used the correct lot sizes I wouldnt have drawn down as much as i did ( i had to close my positions due to the restrictions from FTMO) and i couldve ended in profit . 362K subscribers in the Forex community. They will believe anything to get rich quick. -Share FUNNY Trading I wish 0. Now we can trade through high impact news and hold runners over the weekend if we want. The subreddit has not kicked you out or gone private. Don't wanna get too overwhelmed, still getting used Posted by u/rossquincy007 - 11 votes and 3 comments 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: There's no such thing as a prop firm that isn't a scam, because they show you numbers that you don't actually have. Step 1 – FTMO Challenge. I have passed the initial challenge and I am currently trying for the verification phase. Hey guys, I am currently doing an FTMO Challenge. . This will be my first live FTMO account. 80% profitl split and biweekly payouts maked FT better than FTMO. 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. If you have $1000, that's the exact same as having a $10,000 FTMO account; if you lose $1000 on an FTMO account of that size, they close your account. wow congratulations! I'm starting with the 10k and once I pass this challenge and verification I'm gonna go for the 50 or 100. I've narrowed down and will share some things that stood out and helped me succeed. The r/GolfClash subreddit is dark from June 12th-14th in support of the Reddit Blackout Protest. The two stages of evaluation are making 10% profit of the account you choose in one month, and then 5% in two months. In the other note I believe in every single one y’all who are trying to make a change. 25% per trade with Mentfx since they have unlimited time per challenge, as opposed to 2% per trade with FTMO's 30 day limit. Don't wanna get too overwhelmed, still getting used I've been reviewing my trades. Now, my hypotesis are 3: They are really professional traders (very unlikel, maybe 1 out of 1000). Understand the steps involved in the verification process to become a funded trader with FTMO. FTMO does have some downsides though the biggest being the news restrictions. 400$ 3. 1%-0. 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. To conclude a contract for your FTMO Account, we will ask you to provide your ID document (passport, national ID card) and complete your identification. But for the challenge, they're faced with the same problem as before. Posted by u/Secret-agent550900 - 17 votes and 19 comments Welcome to FXGears. The reality is that you should treat your demo account like it's your family's money or you're working at a trading desk. Utilize the Golf Clash Discord for questions and chatter. Good afternoon Traders! I have successfully passed my $100K FTMO challenge. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. The relationship between an FTMO Trader and FTMO is based on the FTMO Account Agreement that we will sign with you after you pass your FTMO Challenge and Verification as well as the KYC/KYB process. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. The real question is do YOU have a consistent and profitable method? That is the real question. The Verification stage is the second and final step of our Evaluation Process. If i do not violate any of the trading objectives and end up in the positive consodering my account gain, I am eligible for a free re-try according to FTMO's FAQ. Still waiting. The issue here is that you see all the 'success' stories and no failure stories. 6% max drawdown. FTMO's 70/30. I am currently working on #2 and 70% to the end of the verification of that one. My friend had 5 funded accounts and never a payout. I go through the steps t Many traders feel psychological stress at some stages of the Evaluation process and losing trades can be very disappointing. 1600$ 5. I'm going through their trader verification process and am signing the contract under my LLC, so as a company, not an individual. Essentially once you pass their exam, you go through their identity verification process and sign the contract and they provide you with the login credentials to the account that's linked to their live account within 1-3 business days. It's not hard to get funded. The purpose of the Verification stage is to test your trading consistency. FTMO is a prop firm, you can pay a fee to be evaluated to earn capital (10,000 up to 100,000). Trust the process and don’t give up. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. Ftmo is a scam Passed the first evaluation but failed the second due to emotional trading and holidays season. cwvd jjnj usaw phqr ktgkkxd czsujp lipbgzw yhu eivdqo oij