Ftmo payout reddit FTMO have I great Support Team and highly reliability. My view on copy trade is different, especially because we work with it. My friend had a payout from Ftmo for 20k they did pay him out. 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? 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. Payouts are processed within 1-2 business days, with a minimum profit requirement of $20 for bank transfers or $50 for crypto. Real fuking hard. o Reddit. 10%/month like FTMO is not realistic imo. 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. Also, the amounts we pay out to our traders are very interesting. If they fail, you are still out FTMO's challenge fee. This is my 3rd time with FTMO. But, on High Stakes you only get $57,542 total payout. You get a much bigger drawdown amount relative to the fees paid for 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. In this case. Their scaling plan of 10%/4 months is more realistic. In essence, less than 1 in 100 people who take a paid challenge survive until the first payout and challenge refund. It doesn’t matter how much money you make on the funded account, it can be $1 or $100. Try to have less payouts and few good prop firm accounts . Sorry OP but that's a dumb question. The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. Aug 19, 2024 · What is the realistic earning potential with a $100,000 funded account through FTMO? Can you break down the possible monthly profits, taking into FTMO payout structure, which specifies how traders can withdraw their earnings, is a key component of what makes trading with FTMO so alluring. I withdraw every 2 weeks. I know some people who can easily make 50-70% return each month. 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… So to them, it is a completely risk free business. Then the new month you start with your initial balance which is 300k. Assuming no blowout, in an year one would have generated $9600 or roughly the same capital FTMO is providing to you. However when he made 90k they did not pay him out and Ftmo is ignoring his emails and support is not giving any helpful answers . Can anyone confirm that either they or someone they know directly actually received a large payout? Also rea over 70% of prop traders don't get passed the third payout. I just received my 4th payout from FTMO today. FTMO is legit, and I assume they have a lot of very successful traders. 000, they will payout the profit split every month or at the selected profit split date. I have 2 questions: 1- When have you received your account after passing the challenge? 2- When do I receive the refund for challenge & how do I receive it? Side note: I have tried 7 prop firms since last year. -ftmo's business model is based on the failed challenge fees. . If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. But I’m still questioning if ftmo would do a full payout on such high profit. We are making you increasingly happy here, too. If they pass, you pay. Could you help us with your clone account size? And i really curious if you scale it up to >1-2M$, will FTMO do something with you? Thanks a lot for your answer. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. I don't think FTMO would be afraid of someone who is outperforming others. Good afternoon Traders! I have successfully passed my $100K FTMO 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. The max daily loss is the thing you need to watch out for. So I decided to try out FTMO. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. You have to be profitable to be able to make money on their After your first payout with FTMO you basically are playing with house money. Yeah. 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. Imo, it defeats the point of the scaling plan if FTMO is that afraid of a random successful trader here and there. 5 months per scale up. So I did the analysis of the best challenge to do for max profits over time. As long as you know the game you are playing getting funded is always the best option. Every withdrawal has been multi 5 figures and they have all hit my bank account the same day. 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 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. 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. It took me 2 days to pass the first stage, 4 days to pass the second stage. I'm by no means bragging, I'm simply stating that FTMO is worth it and anything worth doing is hard. The real question is do YOU have a consistent and profitable method? That is the real question. First payout is this week, which unfortunately will all go towards paying my taxes and bills for other shit lol. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. 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 /r/Netherlands! Only English should be used for posts and comments. 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. I recommend that FTMO is number one Modern Prop Trading Firm. This means that they can generate 10% per month on base capital = $800 payout after FTMO keeps 20%. I can highly confirm that FTMO provided real Rewards and real Payout on My Trading for the living. If you earned a total of 60% you will get a payout total of approx. 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. So High Took me an average of 1. If it’s your first payout you will get the refund of the initial payment of the challenge as wel. 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. This rule is in place to ensure that an ample audience can freely discuss life in the Netherlands under a widely-spoken common tongue. Trying too hard and studying too hard has diminishing returns and is counterproductive. Once you have 10k of your, you can trade using your own capital and keep 100%. We’ll go into great detail on FTMO payout stystem in this article, including topics like how to cash out on your earnings, potential conditions on payouts, and tactical ideas to maximize your trading 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 deliver a Trade on the platform and you pay only if there is a profit. If you earned the same percentage on Hyper account you will get a total approximate payout of $97,200. $187,200 through bootcamp. 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. I know ftmo has a payout date for profits. If you have 100k of course they will find a way to delay or even not to pay you. 9%) of those survive until the first payout/refund of challenge fee. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. It’s a solid profit. No need for FTMO. As long as you keep the challenge fee money aside, you can retake it again if you happen to lose it. Look at Bernd Skorupinski. Once I got funded live, took me about a week to hit $20k profit on the $200k account. Dude was managing a million dollar account with them and went on to trade for some firm out in Dubai. 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). etgk waw adwxx iybxe ubzysq ripnwut eetxuiy xdarmh arzkpjyp dulnal