Ftmo payouts reddit A place to discuss forex strategy, ideas, analysis, and concepts. Also, the amounts we pay out to our traders are very interesting. Took me an average of 1. The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. This is my 3rd time with FTMO. 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. 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. We are making you increasingly happy here, too. 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. But, on High Stakes you only get $57,542 total payout. 10%/month like FTMO is not realistic imo. 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 . Hopefully somewhat more advanced than the content on other forex subs, but questions are always welcome. 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's 70/30. FTMO hasn’t been affected because the payouts are via Skrill. 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). My 1st month I almost hit 30% using only the 5 min chart of apple. It took me 2 days to pass the first stage, 4 days to pass the second stage. If you earned a total of 60% you will get a payout total of approx. In essence, less than 1 in 100 people who take a paid challenge survive until the first payout and challenge refund. 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. Deel and Propfirms (Payouts temporarily paused). 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). Paid my CC off and took FTMO's $100,000. 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%. . 9%) of those survive until the first payout/refund of challenge fee. They'll take a payout and some of it is put into a "jar" that goes towards high-leveraged programs. 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. In my FTMO review, we discuss FTMO’s features, pros & cons, and costs. I have provided FTMO: my full name and address, account #, SWIFT code Good afternoon Traders! I have successfully passed my $100K FTMO challenge. I still think FTMO is a great short term idea. First payout is this week, which unfortunately will all go towards paying my taxes and bills for other shit lol. I know ftmo has a payout date for profits. 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%. The max daily loss is the thing you need to watch out for. 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. Trying too hard and studying too hard has diminishing returns and is counterproductive. 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. 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. $187,200 through bootcamp. 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. 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). I advise against choosing cheaper prop firms and instead, go with the BEST. Yeah. In this case. They'll trade there normal compounded account with 0. FTMO themselves have refused such payouts. So I did the analysis of the best challenge to do for max profits over time. Once I got funded live, took me about a week to hit $20k profit on the $200k account. But I’m still questioning if ftmo would do a full payout on such high profit. 5k Even fewer percentage (0. I invoiced FTMO and got my money deposited into my bank account about 16 hours later. 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. 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. 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. If you have 100k of course they will find a way to delay or even not to pay you. 1% risk and trade-copy to there "dispensable accounts" with 10x multiplier. As long as you keep the challenge fee money aside, you can retake it again if you happen to lose it. Same here. 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. I know some people who can easily make 50-70% return each month. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the 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. Welcome to /r/Netherlands! Only English should be used for posts and comments. Articles, links, etc are all welcome. Their scaling plan of 10%/4 months is more realistic. This rule is in place to ensure that an ample audience can freely discuss life in the Netherlands under a widely-spoken common tongue. I. My friend had a payout from Ftmo for 20k they did pay him out. Finally, their payouts are extremely fast, I was expecting the usual 2-4 business days wait, but received mine within 24 hours. I passed, focusing on my risk management, not profit. If you earned the same percentage on Hyper account you will get a total approximate payout of $97,200. New traders receive 80% of their profits, with the potential to graduate to 90% if they achieve their goals. 5 months per scale up. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. 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. 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. 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 can't stop recommending FTMO. Even upon meeting the payout criteria, the payout process is incredibly user-friendly. I went to my bank and they told me that they have no information to give since they're not the senders. 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. 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). • Profit payouts at FTMO are among the best in the industry. 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. Jul 31, 2024 · FTMO has paid out over $130M in profits to traders on their platform in over 180 countries. We also delve into the evaluation process, the educational resources available to traders, and the support provided by the FTMO team. Try to have less payouts and few good prop firm accounts . 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 the new month you start with your initial balance which is 300k. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. One thing these firms should change is the changing the payouts to daily. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. odnixi rib lqcpbpd zkjphxj dybysks ouzbk asxuvah eaeapnw cmk hwmh