Best ftmo payout reddit. 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 FTMO themselves have refused such payouts. On-Demand Payouts: FTMO Traders can request payouts on demand, and these can be processed after just 14 days. This is my 3rd time with FTMO. This is already a generous profit-sharing model compared to many other trading platforms. Traders in Africa also fared well, with Pascal from Kenya collecting the biggest payout of $74,229. In Asia, Quang from Vietnam was the most successful, receiving $86,956. Daytrading futures, forex, stocks, etc. 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). •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. The best prop firm really depends on your specific needs as a trader. -ftmo's business model is based on the failed challenge fees. No lot size limit. com Visa Card — the world’s most widely available crypto card, the Crypto. The team are incredibly supportive and I found the whole process to receive my funds very simple. Best regards :) If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. 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. The best-performing FTMO Traders can progress into our Premium Programme, where they can be employed as professional traders with fixed salary by Quantlane – a traditional proprietary trading company. If you earned a total of 60% you will get a payout total of approx. so let me clear things up: your trades never get placed in a real market. So I did the analysis of the best challenge to do for max profits over time. true. I'm seriously considering a credit card chargeback. No stop loss requirement. (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. This rule is in place to ensure that an ample audience can freely discuss life in the Netherlands under a widely-spoken common tongue. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. FTMO by far the best one. com DeFi Wallet. which is more than enough to pay out the traders that do make money (90%+ loose) Don't get me started on the "consistency rule", where if you make a big gain trade on your PA that accounts for more than 30% of your take-home, they can choose to just not payout. FTMO is my favourite because they have the best spreads execution and track record of being a legit prop firm company. I still think FTMO is a great short term idea. Posted by u/amanmaverick - 6 votes and 17 comments. Explore the trading approaches of our most successful individuals, including a trader who has earned over half a million USD on his FTMO Accounts. Paid my CC off and took FTMO's $100,000. Looking into MFF and E8 now too! Reply reply 389K subscribers in the Forex community. I usually risk 1-2%, but on an A+ setup I might want to risk 4% (5% would be daily drawdown). Made almost 10%. Welcome to FXGears. But I’m still questioning if ftmo would do a full payout on such high profit. They'll trade there normal compounded account with 0. With Apex, I got my first payout then my second payout then I had two payouts that I asked for at once, they said, I flipped, I never traded a micro, always a mini, then they said, flipping was because I was in the Trade for a couple seconds, I usually look for 20 ticks, which is five points, really does it take more than one or two seconds I can't find the stats on how many traders have been funded for the year 2020 in FTMO. They'll take a payout and some of it is put into a "jar" that goes towards high-leveraged programs. com's Reddit Forex Trading Community! Here you can converse about trading ideas… I passed my $200k FTMO challenge a while back and am close to payout. Now let's assume you makes 10% profit/4 months based on FTMO standard. Then the new month you start with your initial balance which is 300k. Looked into topstep and for me what I'm paying for is the challenge itself, and I'm happy to pay it. This quick access 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 FTMO by far the best one. Which one gives you more money? Second is the time it takes to scale your account. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. 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. FTMO pays back the fee for the challenge I know ftmo has a payout date for profits. Great service and payout received. 15 payouts in a row. I get to pocket the last 40%. com is the best place to buy, sell, and pay with crypto. Learn from one of our youngest traders and uncover the secrets behind achieving 15 consecutive payouts. 2 Frequent Payouts Payouts occur on the 5th trading day, equating to about four times a month. From MFF side, it was fast. Wish you all the best for 2024 bro, happy new year ( i know, its a little bit early for that, but maybe i forget it later haha). I had good experience overall got my payout within 2days. In this case. I recommend checking sites like fxprop, they have free tools that you can use to find the best firm for you and they list only checked reliable props (they have something called certification program). Once I receive a payout I’ll post a screenshot here. 23 votes, 99 comments. these prop firms are legit! Sure they make mistakes but once they realise they usually always fix it. How high in % was your first payout and how does it fell? :D Mate, last but not least. 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. Then, there's the other service I used to pass the challenge. 14. So High 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. This is where things get interesting. Halfway there on the second challenge. 5ers has maximum cap 4M, FTMO has 2M cap. 28. As long as you know the game you are playing getting funded is always the best option. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. 4 Favorable Payout Ratios: Initially, you get an 80/20 payout ratio, with an easy transition to a more beneficial 90/10 ratio. I got my payout in about 24 hours and it was already in Riseworks by then. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. No profit target for payout; start on Monday get paid on Friday. Can confirm? Posted by u/rossquincy007 - 11 votes and 3 comments As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. 380 votes, 119 comments. Welcome to /r/Netherlands! Only English should be used for posts and comments. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. They're handling my account now and take another 40%. These parameters work better for me though the5%ers has some compelling features depending on trading style! My 1st month I almost hit 30% using only the 5 min chart of apple. It’s a solid profit. I'll put it in the way I look at FTMO. In the beginning of 2024, we interviewed our FTMO Trader Juan from Costa Rica. Apr 28, 2024 · Default Payout Ratio: By default, FTMO offers a payout ratio of 80:20, where traders receive 80% of the profits they generate. For a balance FTMO or MyForexFunds FTMO has step 1 10% step 2 5% with 10 trading days minimum MFF has step 1 8% and step 2 5% 5 trading days minimum Both gets you a free reset if all rules are respected and you are break even or in profits. 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 Reply reply More replies Concrossivie Posted by u/Deploratus__ - 1 vote and 1 comment You initially pay for a challenge account. 39. Journey to become an FTMO Trader might be challenging, but our educational Tools & Services are here to help everyone. I would recommend this for anyone who want to get funded. once you're a full FTMO Trader, you can even go on an entire month without trading at all if unforeseen Yeah. Recently received my first payout with ftmo on my 50k swing account. SPACs 101: How do I Find deSPAC Redemption Levels?? 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. 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. 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). Same here. 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. Do you think I need to be worried about FTMO not paying me out if its a winner? 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. On my funded accounts, I'll have to have 10 trading days with actual trades between each payout. $187,200 through bootcamp. 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 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. 1% risk and trade-copy to there "dispensable accounts" with 10x multiplier. Eh let's not exaggerate, there might have been underground and unheard cases in which some kind of manipulation has occurred. Took a 9k payout thinking I'd just roll on a 10k account and I ended up whipsawing all over the place before bombing a 6k drawdown day and taking a big step back. Crypto. 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. FTMO take their little slice right off the top from payouts. Using excuses like "your trading style is too risky" even though they haven't violated a single rule. I’ve passed the first challenge for the $200k account. 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. 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. Payouts always come and yes the delay is a thing. Weekly payouts. 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. FTMO payout proof Prop Firms Units, Warrants and the best DD on Reddit. 4M with 50% payout is technically 2M with 100% payout. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. Members Online. 3M subscribers in the Daytrading community. The amount of capital you get is great for easy money, given you pass and get a payout. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. 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. e. And sorry for my bad english skills. 5k 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? Thank you Welcome to MarketScreen – Navigating the Financial Markets Together! 📈 MarketScreen is your go-to subreddit for discussing everything related to stocks, trading, and investment strategies. M1 lets you earn, invest, spend, and borrow all on one financial platform. In the Oceania region, Adrian from Australia had the highest payout of $87,690. First let's talk about the maximum cap. If you earned the same percentage on Hyper account you will get a total approximate payout of $97,200. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. I wish you all the best for your trading career and health. FTMO offers 90% payout for 2M. That being said, I was incredibly surprised when I heard this story because the5ers (alongside with FTMO, MFF, FT+) is My guess why it is so low: reaching payout means having to pass three quite high tests in a row, obviously somewhere along that line almost everyone stumbles. What's your opinion on this? I want to trade on FTMO - max leverage is 1:3 for my symbols. You get a much bigger drawdown amount relative to the fees paid for the challenge. 3 Simplified Cashouts: The process for withdrawing funds is straightforward and hassle-free. I know some people who can easily make 50-70% return each month. Recently I got my funded account, first I was not sure whether the company is genuine had a lot of questions any hidden rules to deny payout. M1 is made for those looking to build their wealth using powerful automation and topflight rates. I don't know which prop firm this is, but FTMO has the highest entry barrier as far as I know (10% profit in a month). 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. 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. seems like you guys have not understood how ftmo works. Date of experience: September 06, 2024 MFF has the option of crypto payout (you can transfer to binance wallet i believe but havent tried it) or local bank via Riseworks. 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. com serves over 80 million customers today, with the world’s fastest growing crypto app, along with the Crypto. But, on High Stakes you only get $57,542 total payout. You can usually do that on the evaluation accounts, but not funded accounts. I passed, focusing on my risk management, not profit. 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). I tried to see how it goes via Riseworks, so I requested the payout there. com Exchange and Crypto. Good afternoon Traders! I have successfully passed my $100K FTMO challenge. zlgovlrsohpdgtnpqabkpshylxfhzbtzbziilmukhyoyftytvqgc
