Ftmo payouts reddit. I passed, focusing on my risk management, not profit.

Ftmo payouts reddit This rule is in place to ensure that an ample audience can freely discuss life in the Netherlands under a widely-spoken common tongue. 10%/month like FTMO is not realistic imo. But I’m still questioning if ftmo would do a full payout on such high profit. 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. Yes but I prefer MFF. 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. 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. My 1st month I almost hit 30% using only the 5 min chart of apple. Mar 4, 2024 · Over $29 million was paid out to traders in 2021, according to FTMO's website. $187,200 through bootcamp. 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. Aim for base hits before you think about homeruns. The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. I still think FTMO is a great short term idea. If I do my analysis outside of their platform i can earn more but i dont have time to try to make it work that way so i only trade there every now and then. So I did the analysis of the best challenge to do for max profits over time. New traders receive 80% of their profits, with the potential to graduate to 90% if they achieve their goals. 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. FTMO's 70/30. If you earned the same percentage on Hyper account you will get a total approximate payout of $97,200. I went to my bank and they told me that they have no information to give since they're not the senders. 5 months per scale up. The max daily loss is the thing you need to watch out for. 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. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. 9%) of those survive until the first payout/refund of challenge fee. 5k Even fewer percentage (0. This is my 3rd time with FTMO. I know some people who can easily make 50-70% return each month. Hopefully somewhat more advanced than the content on other forex subs, but questions are always welcome. 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. I. 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. I am so hyped and a post like this motivates me a lot. I have provided FTMO: my full name and address, account #, SWIFT code Good afternoon Traders! I have successfully passed my $100K FTMO challenge. First payout is this week, which unfortunately will all go towards paying my taxes and bills for other shit lol. Halfway there on the second challenge. It took me 2 days to pass the first stage, 4 days to pass the second stage. 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. Also, the amounts we pay out to our traders are very interesting. A lot of the profitable people at FTMO have dropped off lately/lost their accounts. Their scaling plan of 10%/4 months is more realistic. 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. Welcome to FXGears. Once I got funded live, took me about a week to hit $20k profit on the $200k account. Try to have less payouts and few good prop firm accounts . 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). FTMO hasn’t been affected because the payouts are via Skrill. Same here. 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. I passed, focusing on my risk management, not profit. 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). Yeah. 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%. 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. As long as you keep the challenge fee money aside, you can retake it again if you happen to lose it. 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. I learned a lot in the past months, backtested a lot every fucking day mate. We are making you increasingly happy here, too. A place to discuss forex strategy, ideas, analysis, and concepts. One thing these firms should change is the changing the payouts to daily. Took me an average of 1. 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. I’ve passed the first challenge for the $200k account. I know ftmo has a payout date for profits. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. . 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. FTMO the ticks are weird so I tend to get less out of my trades from them. If you earned a total of 60% you will get a payout total of approx. Paid my CC off and took FTMO's $100,000. Using excuses like "your trading style is too risky" even though they haven't violated a single rule. After your first payout with FTMO you basically are playing with house money. 3 Simplified Cashouts: The process for withdrawing funds is straightforward and hassle-free. But, on High Stakes you only get $57,542 total payout. 4 Favorable Payout Ratios: Initially, you get an 80/20 payout ratio, with an easy transition to a more beneficial 90/10 ratio. 2 Frequent Payouts Payouts occur on the 5th trading day, equating to about four times a month. (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 /r/Netherlands! Only English should be used for posts and comments. 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. Now over 3 years later, I see that FTMO still exists and now they allow crypto alts trading (xrpusd etc) which is nice! I wanna hear from anyone that has been trading on a live account for a few months, how has your experience been, payouts, etc. Articles, links, etc are all welcome. • Profit payouts at FTMO are among the best in the industry. 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. Trying too hard and studying too hard has diminishing returns and is counterproductive. Once I receive a payout I’ll post a screenshot here. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. 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 . com, a trading forum run by professional traders. My friend had a payout from Ftmo for 20k they did pay him out. Payouts are processed within 1-2 business days, with a minimum profit requirement of $20 for bank transfers or $50 for crypto. In essence, less than 1 in 100 people who take a paid challenge survive until the first payout and challenge refund. 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). Deel and Propfirms (Payouts temporarily paused). If you have 100k of course they will find a way to delay or even not to pay you. Then the new month you start with your initial balance which is 300k. In this case. apqn wypr potl zyqizbd gvqycnql sulku lmod uemaingj wiwyqd qlkqlos