Ftmo payout reddit. But, on High Stakes you only get $57,542 total payout.
Ftmo payout reddit 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. It is a contractor position and as such, income tax. •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. View community ranking In the Top 20% of largest communities on Reddit. o Reddit. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. Aim for base hits before you think about homeruns. 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. Which one gives you more money? Second is the time it takes to scale your account. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. -ftmo's business model is based on the failed challenge fees. I trade with Alkaline Capital and they allow me to trade options. sometimes accidentally placing the same stop losses. Assuming no blowout, in an year one would have generated $9600 or roughly the same capital FTMO is providing to you. If you earned the same percentage on Hyper account you will get a total approximate payout of $97,200. 5 months per scale up. They're handling my account now and take another 40%. You never know when you will breach any of the rules or when they changed any of their rules. 10%/month like FTMO is not realistic imo. Welcome to /r/Netherlands! Only English should be used for posts and comments. Imo, it defeats the point of the scaling plan if FTMO is that afraid of a random successful trader here and there. 9%) of those survive until the first payout/refund of challenge fee. 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. This just gave me motivation let’s gooooo! 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. Yes, my friend was able to get a $4540 pay-out from FTMO. 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 I’m still questioning if ftmo would do a full payout on such high profit. So I decided to try out FTMO. We deliver a Trade on the platform and you pay only if there is a profit. The website, dashboards etc are waaaaay above other forex prop firms, looking actually pro. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. 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? 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 The founders aim to continue improving the educational aspects of the platform. 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 Yes FTMO does payout here’s a payout from a good friend of mine who is max allocated with FTMO. Now let's assume you makes 10% profit/4 months based on FTMO standard. So to them, it is a completely risk free business. . I know ftmo has a payout date for profits. The real question is do YOU have a consistent and profitable method? That is the real question. 8 billion CZK. Currently up $500 right now but my goal is definitely to hit 4 figures on this 2nd payout and eventually get like you with 5 figures. This achivment is about all the struggle you passed before to get that payout FTMO is a prop firm where you can get a funded account to trade. 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. This means that they can generate 10% per month on base capital = $800 payout after FTMO keeps 20%. 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 Even fewer percentage (0. The answer is only people who have gotten a payout know… and particularly people who have had big payouts exceeding 50-100k. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. In 2022, FTMO had revenues of 4 billion CZK and EBITDA profit of 1. With FTMO, to get your 70% profit share, you have to invoice them, which I would do from my LLC (once I create it). Once I got funded live, took me about a week to hit $20k profit on the $200k account. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. Every withdrawal has been multi 5 figures and they have all hit my bank account the same day. I still think FTMO is a great short term idea. This rule is in place to ensure that an ample audience can freely discuss life in the Netherlands under a widely-spoken common tongue. FTMO take their little slice right off the top from payouts. We are making you increasingly happy here, too. - To be with other like-minded forex traders. you could try getting 100k each from 4,5 top firms too , like 100k each from FTMO,Funding pips,5ers,CTI. You have to be profitable to be able to make money on their It’s a solid profit. This is my 3rd time with FTMO. You get a much bigger drawdown amount relative to the fees paid for the challenge. I passed, focusing on my risk management, not profit. Good afternoon Traders! I have successfully passed my $100K FTMO challenge. 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). Halfway there on the second challenge. So I did the analysis of the best challenge to do for max profits over time. I am so hyped and a post like this motivates me a lot. 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. A new prop firm could go bankrupt if their model is not bulletproof. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. 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). He’s a private guy so I can’t share any of his recent ones but this is one from 2022 r/Forex • If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". I've seen it myself. 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). Nov 22, 2024 ยท The FTMO Reddit reviews are also generally positive. So High Took me an average of 1. FTMO's 70/30. It took me 2 days to pass the first stage, 4 days to pass the second stage. always let your initial capital come from firms which are considered tough like FTMO,5ers,CTI. I withdraw every 2 weeks. The scam ones may pay out small amounts, but will make up every excuse on the book not to pay you big pay outs. I'm by no means bragging, I'm simply stating that FTMO is worth it and anything worth doing is hard. Then the new month you start with your initial balance which is 300k. A prop firm that’s legit would have no problem with the pay out. 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 . In essence, less than 1 in 100 people who take a paid challenge survive until the first payout and challenge refund. 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. If they pass, you pay. If you have 100k of course they will find a way to delay or even not to pay you. In a challenge at the moment with them i took 2 days ago. Just remember less than 10% of people pass their challenges, and if that about 2% actually take any profits whatsoever ¯(ใ)/¯ 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. Let's say I make 1. If I was trading a 2M account, I'd be up $360,000. 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. I don't think FTMO would be afraid of someone who is outperforming others. For 200k FTMO account (max you can get), every 4 months/10% profit you get 25% of initial balance, which is 50k. Their scaling plan of 10%/4 months is more realistic. my order of preference is FTMO > 5ers = CTI >FP (have experience with all firms , never had an issue with any of them) Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. Things that helped me pass my FTMO challenge, verification, funding and payout . I just received my 4th payout from FTMO today. Can confirm? If it’s your first payout you will get the refund of the initial payment of the challenge as wel. I've been Congrats big dawg ๐ช๐พ ; I have a 50k funded account too! Already got my first payout last week and my 2nd payout will be end of this week. Dude was managing a million dollar account with them and went on to trade for some firm out in Dubai. Real fuking hard. if you are good enough to pass these challenges and get a payout you really don't need to use one of these companies. $187,200 through bootcamp. 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. 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. The founders want to keep FTMO headquartered in the Czech Republic. 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. 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. Also, the amounts we pay out to our traders are very interesting. The max daily loss is the thing you need to watch out for. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. 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. FTMO is legit, and I assume they have a lot of very successful traders. I trade on lower time frames with Oanda with the commissions options. The spreads are pretty good but in total i pay about 20% of my profits to commissions. After your first payout with FTMO you basically are playing with house money. First payout is this week, which unfortunately will all go towards paying my taxes and bills for other shit lol. I'll ask him if he can share the proof here. This is where things get interesting. Yeah. That being said, ftmo recently made available extensions if you are close to the target and from day one even if you don't hit the target within 20 trading days you will get a retry anyway. If you earned a total of 60% you will get a payout total of approx. No, not at all. Once you have 10k of your, you can trade using your own capital and keep 100%. I learned a lot in the past months, backtested a lot every fucking day mate. Look at Bernd Skorupinski. Take your profits out and fund your next challenge. My friend had a payout from Ftmo for 20k they did pay him out. FTMO has also started acquiring other trading firms like Quantlane. e. If they fail, you are still out FTMO's challenge fee. Same here. I’ve passed the first challenge for the $200k account. 000, they will payout the profit split every month or at the selected profit split date. But, on High Stakes you only get $57,542 total payout. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. After getting funded I ignored the trading plan and my psychology was in shambles. And there are props that deal live money accounts on A-book brokers, with no equity-based drawdow, and no maximum time FTMO offers 90% payout for 2M. Also keep in mind that if you do pass and get a funded account--currently payouts (with most firms) are only allowed once every 2 weeks which means the odds are in their favor that during those 2 week intervals you will either stop trading once you have a small profit to wait for your payout (as you cant withdraw profits daily), or you will Posted by u/tryui18 - No votes and 8 comments I can't find the stats on how many traders have been funded for the year 2020 in FTMO. Could you help us with your clone account size? And i really curious if you scale it up to >1-2M$, will FTMO do something with you? Thanks a lot for your answer. 5k 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. As long as you keep the challenge fee money aside, you can retake it again if you happen to lose it. once you pass they give you the acct, and from then you grow the account and get paid from it You initially pay for a challenge account. Personally I got some small pay-outs from prop firms, but unfortunately I wasn't able to get a payout from FTMO as I switched prop firms after I failed my funded account. Trying too hard and studying too hard has diminishing returns and is counterproductive. If you pass the challenge then you'll move onto the verification. Then, there's the other service I used to pass the challenge. In this case. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. 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… Welcome to /r/Netherlands! Only English should be used for posts and comments. 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)? Pay yourself first as it's not your money. 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. Try to have less payouts and few good prop firm accounts . No need for FTMO. I know some people who can easily make 50-70% return each month. It doesn’t matter how much money you make on the funded account, it can be $1 or $100. 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. (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. Users appreciate FTMO’s clear rules and reliable payouts. I get to pocket the last 40%. Check out our FTMO Review here on Reddit. Am I gonna get suspended in the future? I'm almost through the 200k challenge and my consistency is looking promising. My view on copy trade is different, especially because we work with it. Once I receive a payout I’ll post a screenshot here. 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. -Share FUNNY Trading 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. once you're a full FTMO Trader, you can even go on an entire month without trading at all if unforeseen Posted by u/Deploratus__ - 2 votes and 4 comments I passed my $200k FTMO challenge a while back and am close to payout. 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. Currently trading 200k and once I max out ftmo I'll look for others prop firms to get more AUM but until then ftmo is the way to go for me. Traders have shared their decent experiences with the prop trading firm. the split is about 80/20 i think? but you have a pass a test to show you can trade well enough to grow an account without losing more than a percentage of the account. Reviews and what people say about them in the social media look good. Payouts are processed within 1-2 business days, with a minimum profit requirement of $20 for bank transfers or $50 for crypto. As long as you know the game you are playing getting funded is always the best option. 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. 5% monthly, if I was trading a personal 50K account, I'd be up $9000 EOY. miqxdged keira tipju zbokb ioigpnpo yovjz dpqossd orhlc blhn xzakz