Ftmo payouts reddit „I passed 3 times FTMO challenge 100 each“ (… but either I failed to maintain my profit streak or my headline isn’t true so that I need to scam people) Reply reply PopularBackground375 On a side note, could somebody tell me whether the sub rules allow for the posting of payout proofs? I’d love to post my MFF trades and payouts but I wouldn’t want to fall foul of the sub rules - mainly the P/L rule :) Hi all. MFF or FTMO for me prop firms like ftmo,mff allow traders to trade with them globally. Once I got funded live, took me about a week to hit $20k profit on the $200k account. I blew two of them after just one payout from each, and one of them I couldn't make a profit before losing it eventually. Very beautiful effort by you. Trying too hard and studying too hard has diminishing returns and is counterproductive. So High Just remember less than 10% of people pass their challenges, and if that about 2% actually take any profits whatsoever ¯(ツ)/¯ if you’re rocking through even 10 challenges for one payout that MIGHT get you to break even it is an indication this is probably a waste of your time. S. After passing does phases your then get a funded account. Congrats! But be careful and don’t risk too much. Hey guys, I have seen some recent news about MFF prop firm, and now I am curious whether FTMO is in a danger being shut down too? I've finally… I think you are taking a lower probability of success by choosing 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. Just passed the evaluation challenge 1 and gonna start challenge 2 next year. 3 Simplified Cashouts: The process for withdrawing funds is straightforward and hassle-free. 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. No need for FTMO. Traders do need to keep in mind that the delay is most likely not with with the prop firm but with the banking system or the crypt network. I will let you know. We are making you increasingly happy here, too. Then the new month you start with your initial balance which is 300k. If you have a 50k account and hit big payouts (20-40% for a couple of months) they consider you a risk and will eventually deny you the payout for breaking their rules. Typically with most proprietary firms, you will be able to get 80% of whatever you make. You are better off by going with 5ers or MFF due to their realistic trading constraints, i. 5%-1% is better for long run, Actually I was doing well in the two phases but in the FTMO account I wasn’t myself when I look to my entries back then i says WTF why did i took that trade whats the reason for the entry, I was just want to make money fast, Greed blinded my insight now, I believe revenge/over Trading has a huge psychological I see no reason to use anything either than FTMO, they have established themselves, have lots of good reviews and most importantly they have the capital to pay people and support their system. He’s a private guy so I can’t share any of his recent ones but this is one from 2022 r/Forex • It could just be that they grew too fast and now they can't keep up with everything, as I've seen that happen when a company grows too fast. The last one isn’t a prop firm but has a lot of long term potential. I want to know if there are users here who trade with them and your thoughts on their legitimacy (payouts etc) I’ve been looking at other prop firms like FTMO, the5%ers, and true Forex funds. So Now they will boost the balance of your FTMO Account by 25% if you achieve the terms of their Scaling Plan, but the The founders aim to continue improving the educational aspects of the platform. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. FTMO themselves have refused such payouts. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. I've narrowed down and will share some things that stood out and helped me succeed. Yes thats exactly it. Payouts always come and yes the delay is a thing. I like to swing trade in the 4 hour time frame so I’d prefer to find one that isn’t too strict about holding over the weekend or trading during news. No, not at all. Yeah im feeling stressed when there are time limits. I still think FTMO is a great short term idea. FTMO TRADERS: how long does it take for your profits to arrive your bank account in ftmo withdrawals? I received the "Payout Processed" email 42 hours ago. The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. The answer is only people who have gotten a payout know… and particularly people who have had big payouts exceeding 50-100k. Can confirm? 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). Scan this QR code to download the app now. My 1st month I almost hit 30% using only the 5 min chart of apple. They'll take a payout and some of it is put into a "jar" that goes towards high-leveraged programs. FTMO traders can request payouts starting 14 days after their first trade, with an 80% profit split, which can increase to 90% under FTMO’s Scaling Plan. 8 billion CZK. Thats why i bought a challenge on the funded trader recently. You can usually do that on the evaluation accounts, but not funded accounts. there is a documentary on bbc iplayer called instatrader. Thanks for everyones help in finding a good prop firm. So lets say their profit split is 30% of the 100% the commission increases the 30% and if you trade a lot of large lots you can actually lose money and they make money/break even on the account if they hedge So I decided to try out FTMO. In my FTMO review, we discuss FTMO’s features, pros & cons, and costs. I just wanted to know if FTMO is still worth it. 9%) of those survive until the first payout/refund of challenge fee. I advise against choosing cheaper prop firms and instead, go with the BEST. My next prop firm would be FTMO or funded engineer. Provided there is some profit on the FTMO Account from the simulated trading, the Reward Day can be changed up to 3 times for each withdrawal Monthly payouts have moved from an average of 305 in 2020 to 1,713 payouts in one month in 2023 (we then sent 2,753 payouts to our clients in January 2024 alone). We've watched as a few firms now have been taken down for fraud, or outright vanish with your money Welcome to FXGears. Just like any trading, it's important to stick to your strategies and risk management. For Christmas I think they’re doing 90% payouts. New traders receive 80% of their profits, with the potential to graduate to 90% if they achieve their goals. Anything to avoid a payout. This means that they can generate 10% per month on base capital = $800 payout after FTMO keeps 20%. $187,200 through bootcamp. So I did the analysis of the best challenge to do for max profits over time. I can't stop recommending FTMO. Bonus Rollover: Receive a 5% bonus when you roll your profits into a new FTMO account (withdrawable after 30 days). Mar 4, 2024 · Over $29 million was paid out to traders in 2021, according to FTMO's website. I placed market order on gold at peak London session and the line of execution on mt4 was literally not even close to where the candle was showing. This question is specifically for people who know about UK tax and prop firm trading. But now that guys running paid services. So for instance, if you make $10,000, when it payout time, you will make $8,000. I invoiced FTMO and got my money deposited into my bank account about 16 hours later. I've made 4 withdrawals since May. M1 lets you earn, invest, spend, and borrow all on one financial platform. 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). They're handling my account now and take another 40%. But I think they are the only prop firm that does pay a fixed monthly salary on top of the usual profit splits from trading Welcome to FXGears. I have provided FTMO: my full name and address, account #, SWIFT code Good afternoon Traders! I have successfully passed my $100K FTMO challenge. 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 I passed my $200k FTMO challenge a while back and am close to payout. I’m currently using Maven, and have received payouts within 48hrs usually. Finally, their payouts are extremely fast, I was expecting the usual 2-4 business days wait, but received mine within 24 hours. I guess that's why some people might not like them. In January I’ll be starting with The5ers and Darwinex Zero. Or maybe you have a success story you’d like to share. For a balance In the past year, our FTMO Traders received an outstanding $29,000,000 in payouts. From MFF side, it was fast. they researched ftmo and found that their traders only trade the demo account as most lose. Do not be tricked by fly-by-night firms offering cheap thrills. A new prop firm could go bankrupt if their model is not bulletproof. Aim for base hits before you think about homeruns. They didn't return the fees after passing, and never approved payouts. 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. However when he made 90k they did not pay him out and Ftmo is ignoring his emails and support is not giving any helpful answers . 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 . So the default payout ratio for all FTMO Traders is 80:20; nevertheless, New News is They do not consider an 80 percent share to be acceptable. I also only think you can fail the challenge once and lose your initial investment. Articles, links, etc are all welcome. They'll trade there normal compounded account with 0. Now let's assume you makes 10% profit/4 months based on FTMO standard. In this case. Same here. My opinion would be go for it, but be disciplined and use it to fund your personal account to a good size account (10k, 25k, 100k, whatever you're comfortable with). Provided there is some profit on the FTMO Account from the simulated trading, the Reward Day can be changed up to 3 times for each withdrawal Mar 4, 2024 · Over $29 million was paid out to traders in 2021, according to FTMO's website. . The website, dashboards etc are waaaaay above other forex prop firms, looking actually pro. 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. I also was funded once but I haven't traded since last year. The Reward from an FTMO Account is processed on a monthly basis by default, with the option to place a withdrawal on-demand after a period of 14 calendar days from the first placed trade on the account. Heard from some people on this sub that they've never received payouts from their prop firm and I was just interested to know about other peoples experiences with Prop Firms like FTMO, MFF? these prop firms are legit! Sure they make mistakes but once they realise they usually always fix it. After getting funded I ignored the trading plan and my psychology was in shambles. Most traders won't ever get to 1 year of payouts Apex probably takes the cake for payout difficulty. Their support team is responsive, and payouts are consistent once you meet the profit targets. (1% of risk per trade with 66% win rate) FTMO rules are far laxed compared to the firm I work for now but l manage a far bigger book and obtain bonuses and payouts. Welcome to FXGears. com, a trading forum run by professional traders. I've been manually passing a couple accounts now for FTMO and it's going good. Maybe for whatever reason, the payout has processed but isn't fully complete on FTMOs side for whatever internal reason. I trade with Alkaline Capital and they allow me to trade options. Using excuses like "your trading style is too risky" even though they haven't violated a single rule. e. Any help is greatly appreciated! They know the platform of course, they are trying to take peoples money deliberately and spread is their way. So deel has temporarily stopped processing payments for most prop firms, even the ones not based in the US or Canada have been affected eg 5ers. Payouts are processed within 1-2 business days, with a minimum profit requirement of $20 for bank transfers or $50 for crypto. If you pass it, you get funded. It is a truly incredible number and congratulations to all the traders! We have managed to reach merchants from more than 180 countries worldwide, and we regularly send payouts also to countries where, for example, $1,000 represents a truly significant amount of In a challenge at the moment with them i took 2 days ago. It's because of the past experience, prop firms like FCFF and Blue Guardian. I just got VIP status which is great because it’s 90% split and payouts anytime, it’s awesome. Everyone hates "are these real or fake" posts on the main group, so this is dedicated to that specific question. E it comes out of your payout if you are profitable or they lose less when you lose because your P/L Is overall worse due to commission. Check out our FTMO Review here on Reddit. 4 Favorable Payout Ratios: Initially, you get an 80/20 payout ratio, with an easy transition to a more beneficial 90/10 ratio. they pocket that money and use it to pay the few that do win. I’m currently using my forex funds now. Btw I bought funding pips challenge instead, their trading conditions are really good, it's simulated funds tho, unlike 5%ers. Am I gonna get suspended in the future? I'm almost through the 200k challenge and my consistency is looking promising. FTMO has been around for a while so they'll likely have most things already in place to make sure you won't have any problems with something as, well essential, as making sure you receive your payout. Anyone who says all prop firms are a scam just can’t manage risk for nothing, I’ve passed more prop firm challenges than I can count and have received a hefty amount of payouts from several different firms. 1% risk and trade-copy to there "dispensable accounts" with 10x multiplier. If you make money with FTMO, you can show it in your income tax as market consultancy fees. Edit: Also you can now request early payouts as early as 14 days instead of waiting 30 days like before Their payouts are only 70/30 unless whenever you purchase your audition you pay an extra percentage to get the 90/10 payout. Whereas the market orders on ftmo (not all but some) have had insane slippage. I would focus on prop firms that have been around for a Maybe the other user is right, maybe it happens only when the trader requests a payout of at least 5000$, to then give an interview that they will post on their social channels (which I guess it might be something you can refuse to do anyway). 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? Man i had the same payout last monday! my first one ever with Apex too! I know when you say "happy is an understatement" because this achivment is not about money, no no, it is not. FTMO offers 90% payout for 2M. Then some of these firms, including FTMO, will literally blackmail them (seriously I'm not joking) and imply that if you don't say anything online we may let you keep your accounts or give you a If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. Savings: Get a 10% discount on all future FTMO purchases. Focus, first, on getting your first payout at 2 - 3% of your account so you can get paid and get your challenge fee back, THEN you can aim to add extra points each month. Following these steps ensures a smooth payout process. Try to have less payouts and few good prop firm accounts . Yeah. Consistency rules, varies from shop to shop, but designed to avoid payouts if you're playing windfall tactics (aka risk everything every day and try to hit 1-2 big trades). FTMO provides a structured platform for traders to prove their skills and access funded accounts. I have gotten funded three times with FTMO before but this is the longest it took for me to pass the challenge this time around. Deel and Propfirms (Payouts temporarily paused). They have a long history in the industry, proven consistent payouts, and upstanding customer service. EA & HFTS should be avoided, especially those prop firms that allow them. 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. Free Challenge: Earn a free FTMO challenge at the same size as your current account. 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. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. FTMO's 70/30. Smh. I have traded at FTMO Trial failed one but passed twice. I’d like to know what you guys think of it. I know some people who can easily make 50-70% return each month. If you are consistent and profitable with futures or forex, using a prop firm may be better than a personal account. Monthly payouts have moved from an average of 305 in 2020 to 1,713 payouts in one month in 2023 (we then sent 2,753 payouts to our clients in January 2024 alone). If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. Hopefully somewhat more advanced than the content on other forex subs, but questions are always welcome. Or check it out in the app stores if you are good enough to pass these challenges and get a payout you really don't need to use one of these companies. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. You can also pay an additional percentage on top of it to be able to get a larger leverage pool and do not have to have preset stop losses so you can have an open trade and then manually adjust it. The ACH transfer already went through and has cleared my bank. FTMO basically, made a two-step process to check out your trading performance. 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. Known plenty of people who blew their accounts after first payout. Since FTMO is now gone and that’s what I was planning to use, which other prop firm(USA) is legit? I know how they work and I understand the business model but I’m wondering if there’s anybody on here that’s funded 50-100k and has received payouts? Their customer support is also top notch, I never had an unanswered email or an unhelpful live chat support staff. Exclusive Access: Unlock a new, larger challenge option ($400k) at a discount. I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. If you have a 200k (FTMO) account and consistently make ~1-5% profit a month (which is huge) with proper risk management (. Halfway there on the second challenge. FTMO are dodgy af. from the limited information i have been able to find, the tax brackets for trading is tax free because its seen as All information provided on this site is intended solely for educational purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity analysis or similar general recommendation regarding the trading of investment instruments. First 25,000$ of profits completely mine. Spread is honestly incredible. FTMO take their little slice right off the top from payouts. Just scammed people. As long as you keep the challenge fee money aside, you can retake it again if you happen to lose it. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. This achivment is about all the struggle you passed before to get that payout 3 days ago · 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. The payout they give you can simply be regarded as fees for market consultancy in your ITR. what are FTMO’s payout restrictions? FTMO’s payout process has several key restrictions: Geographic Restrictions: FTMO does not offer services to individuals or companies in Iran, Syria, Myanmar, North Korea, the U. 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. Some prop firms have payout frequencies of biweekly, some are monthly somewhere every 21 days, etc. FTMO has stopped taking Indian clients though but there are other firms you can trade with. I think it might be prudent to set reminders up on every FTMO pass thread and ask the OP how they are going after 3-6 months. For 200k FTMO account (max you can get), every 4 months/10% profit you get 25% of initial balance, which is 50k. It seems like FTMO and MFF treat their businesses like a casino while the 5%ers looks like they want long term traders. They offer traders the opportunity to trade with capital ranging from $10,000 to $200,000, with leverage up to 1:100, and a profit retention rate of 80-90%. 5k Even fewer percentage (0. And there are props that deal live money accounts on A-book brokers, with no equity-based drawdow, and no maximum time The prop firms make A LOT of money from people blowing account after account to cover the payouts of the really good traders who get payouts after payouts on a bimonthly level. This is my 3rd time with FTMO. I know ftmo has a payout date for profits. After your first payout with FTMO you basically are playing with house money. If you earned a total of 60% you will get a payout total of approx. I saw a massive payout of 87k seemingly out of nowhere by a guy named simranjit. In essence, less than 1 in 100 people who take a paid challenge survive until the first payout and challenge refund. On my funded accounts, I'll have to have 10 trading days with actual trades between each payout. But I’m still questioning if ftmo would do a full payout on such high profit. But, on High Stakes you only get $57,542 total payout. They do an interview after some payouts and if they don't find the interview satisfactory they take away your account. Ftmo looks to be the best fit for me. A prop firm that’s legit would have no problem with the pay out. , or specific regions of Ukraine. FTMO hasn’t been affected because the payouts are via Skrill. MFF has the option of crypto payout (you can transfer to binance wallet i believe but havent tried it) or local bank via Riseworks. That being said, I was incredibly surprised when I heard this story because the5ers (alongside with FTMO, MFF, FT+) is A big part of it is that you start over for each phase of the challenge and when you get the live account you start over every payout (unless you leave money in there). Posted by u/Deploratus__ - 2 votes and 4 comments 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. Payouts should be on-demand -and allowed 1 payout per day (assuming you made a profit that day) as that is what it is with a regular brokerage account with real money--you can send a withdraw request every business day. The probability that you run into a string of losses at some point is high and that’s what makes it so difficult. Once you have 10k of your, you can trade using your own capital and keep 100%. M1 is made for those looking to build their wealth using powerful automation and topflight rates. This subreddit is temporarily private as part of a joint protest to Reddit's recent API changes, which breaks third-party apps and moderation tools, effectively forcing users to use the official Reddit app. If I was trading a 2M account, I'd be up $360,000. Do not be tricked by fly-by-night firms offering cheap thrills. 10%/month like FTMO is not realistic imo. I get to pocket the last 40%. Eh let's not exaggerate, there might have been underground and unheard cases in which some kind of manipulation has occurred. -Share FUNNY Trading Hi guys. I noticed that their payouts for the higher tiers is 100%. It took me 2 days to pass the first stage, 4 days to pass the second stage. I got my payout in about 24 hours and it was already in Riseworks by then. Let me guess, you don't have a backtested working strategy, can't manage your risk, you're overleveraging, can't handle your emotions, you're bitter and blaming FTMO/others for it. 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. Welcome to /r/Netherlands! Only English should be used for posts and comments. Posted by u/dghostman_1980 - 6 votes and 6 comments 23 votes, 99 comments. Take Profit Trader could argue that they have the best payout policy, but they also have the worst rule in their funded (Pro) account… your max drawdown trails UNREALIZED PROFITS! Such a scam. does anyone have knowledge about it Competition in the space makes everyone better off! Now is the time to take advantage guys ftmo profit split update. I think The5ers and FTMO are the likely the most trusted sources. • Profit payouts at FTMO are among the best in the industry. Will update regarding payouts but from what I saw both MFF and FTMO seem reliable with good payouts. Reviews and what people say about them in the social media look good. Which one gives you more money? Second is the time it takes to scale your account. This is where things get interesting. 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 $3. Faking payouts getting sued by providers. If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". My friend had a payout from Ftmo for 20k they did pay him out. At a certain point it just feels like a game. Anyone that has used it can you tell me how the payouts were and if you had any difficulties with them in any way. sometimes accidentally placing the same stop losses. Man, I always found with ftmo that my stops always got triggered a little extra in loss and my TPs never ever got slippage in my direction. I tried to see how it goes via Riseworks, so I requested the payout there. The payout I will request will be bigger than 5000$, almost 6000$. But they operate differently from FTMO ones in the sense that they simply give 25x leverage on the capital put with them and 90% payout Payouts: There are no issues with payouts; the company has established itself as a responsible partner that carries out financial transactions promptly and honestly. First payout is this week, which unfortunately will all go towards paying my taxes and bills for other shit lol. One to avoid. In 2022, FTMO had revenues of 4 billion CZK and EBITDA profit of 1. That’s a big payout for a $50k account. I’ve failed it and failed to keep up with the requirements which got it closed. 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. 22 votes, 24 comments. It sounds simple but please don’t underestimate it. So far, the most payouts in one day, up to 196, were made at the very beginning of this year, when we paid out $628,317 to traders on Tuesday, January 2. After these 2 I’ll be trying FTMO, but after that everything becomes more questionable. Purchasing the challenge is fine as it is a one way transaction. true. FTMO definitely isn’t a scam. With my prop firm it’s 7 trading days to pass the test, and only 10 trading days to get the first payout, and you can get 2k worth of payout twice per week (50k acc, 4K per month for first 3 months) until it becomes no max limit on the 4th month. I am planning to get the $100K challenge but I kinda want to hear any recent good and bad feedback from actual passers. 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 they don't have tat minimum 3 Profitable days to get payout rule, which is in 5%ers and sucks. A helpful place to discuss and answer questions about your AirPods and if they are authentic or counterfeit. Here are my findings: WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. That should be your next goal. Has anyone ever encountered problems after passing the challenge, like breaking an imaginary rule and whatnot or any payout problems? I think the difference is they are trying to prevent any major drawdowns. com's Reddit Forex Trading Community! FTMO charges $3 per lot, and both charge swap fees. The founders want to keep FTMO headquartered in the Czech Republic. Delayed payouts I’ve seen many firms delay payouts like fundingpips 7+ days and poor customer support -Firms in legal trouble Funding engineer . 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. Yes people lose their account mostly by not putting any stop loss in place. Paid my CC off and took FTMO's $100,000. Their YT videos look staged to me, sketchy as hell. - To be with other like-minded forex traders. FTMO has been reliable throughout my journey. I am so hyped and a post like this motivates me a lot. 1%-3% max but I think 0. I. We also delve into the evaluation process, the educational resources available to traders, and the support provided by the FTMO team. The scam ones may pay out small amounts, but will make up every excuse on the book not to pay you big pay outs. Jul 31, 2024 · FTMO has paid out over $130M in profits to traders on their platform in over 180 countries. We are currently recommending and standing by FTMO. Even upon meeting the payout criteria, the payout process is incredibly user-friendly. I passed, focusing on my risk management, not profit. Real Account: Unlike many other prop trading firms, Axi Select allows traders to work with real funds, increasing the significance and seriousness of trading 2 Frequent Payouts Payouts occur on the 5th trading day, equating to about four times a month. Also, the amounts we pay out to our traders are very interesting. If you earned the same percentage on Hyper account you will get a total approximate payout of $97,200. we're just providing our services to some foreign company and they're paying us. Restrictions also apply to Always remember that these guys the run prop firms are always competing against other prop firms , in forex eventually after using statistics and time … 95% of traders will lose (the house always wins) only the 5% make it with good coin. 5-1%), there's nothing to worry about. But you do get a payout. 5% monthly, if I was trading a personal 50K account, I'd be up $9000 EOY. Like AITA, but here you get a DND style alignment assigned. So i've been profitably trading for a few months now but was looking into getting a funded account with either FTMO or The5%ers however i am so confused on UK tax laws that surround this issue. Let's say I make 1. 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. Congrats if it’s real. Assuming no blowout, in an year one would have generated $9600 or roughly the same capital FTMO is providing to you. Once I receive a payout I’ll post a screenshot here. I went to my bank and they told me that they have no information to give since they're not the senders. A place to discuss forex strategy, ideas, analysis, and concepts. Then, there's the other service I used to pass the challenge. Please leave your thoughts in the comments. I’m on MFF too and have a 200k funded account. Trading is hard. 5 months per scale up. Their scaling plan of 10%/4 months is more realistic. 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. While it is exciting to see the amount of FTMO passing going on, I need to be a buzzkill and remind you that the majority of people fail those challenges and just keep taking them until they pass. Yes FTMO does payout here’s a payout from a good friend of mine who is max allocated with FTMO. Posted by u/tryui18 - No votes and 8 comments 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. FTMO has also started acquiring other trading firms like Quantlane. I’ve passed the first challenge for the $200k account. , why would you go with FTMO if you get another provider’s challenge with easier constraints. Apex is a good prop firm imo and easy to pass and payouts are very simple. Maybe I just need to be patient and wait another day. Took me an average of 1. But the normal payout is 70%. I dont have any time limits, just need to make 10% no matter its in a few days, or few weeks/months. 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. If you have 100k of course they will find a way to delay or even not to pay you. Why isn't there any proof of FTMO scamming people. I passed my $200k FTMO challenge a while back and am close to payout. The markets are quite nice. Dec 16, 2024 · ‍ FTMO processes millions of trades monthly and paid out $75 million in 2023, with an average payout processing time of just one day. We've watched as a few firms now have been taken down for fraud, or outright vanish with your money Things that helped me pass my FTMO challenge, verification, funding and payout I've been reviewing my trades. Just to pitch in to this, the reason this wouldn't apply to ftmo or any prop trading firm is it is liable to income tax. One thing these firms should change is the changing the payouts to daily. They have so many rules on their payouts. The max daily loss is the thing you need to watch out for. I have 2 ftmo challenges under the same account and I've been scalping on both accounts placing similar trades a minute or less apart but with different stop losses. I learned a lot in the past months, backtested a lot every fucking day mate. plva noeylz qfqri wwrgw svdg umztm jaoalio mxrzfx zqyz mmhxq