Ftmo 100k challenge fee reddit. Because if you get a funded account, 50k, and traded it up to 100k, that means you have made 50k, but if the 10-12% overall drawdown applies, then when you lose 12% and are down to $88k, does that mean your account gets suspended / terminated, and you 38k profit goes?! The paid challenge account is also a demo account. FTMO Challenge: Step 1. So If I net 100K on top of that starting balance of "100K" then that's when I'm truly risking 1% as opposed to 10%. So it's been a while that I know FTMO, signed up with them at the end of 2019 not long after it launched, but failed the tests (2 100k acc tests), I then switched to trading cryptos (on personal accounts) and been quite profitable with that, and more importantly learned to trade better! If you pass a 100k challenge YOU DON’T HAVE 100K TRADING CAPITAL. You get your funded account. Jan 6, 2021 · We start the second week of the FTMO challenge at 2pm (GTM, UK time): Live Trading Room. Don't wanna get too overwhelmed, still getting used lets say 1,000 people take a 100k challenge for $500 that's $500,000 in fees, now, 30 people passed and make it to 10% in profit to be paid out, that'll be $300,000. To be honest I have received several payments from FTMO since I registered on FTMO, I was able to make 62 000€ (not including the fees paid to the professional to take my tests). 100%. Are the fees recurrent? I paid for my FTMO Challenge, when will I get the account? Can I merge four $100k FTMO Accounts into a single $400k FTMO Account to apply Are the fees recurrent? I paid for my FTMO Challenge, when will I get the account? Can I merge four $100k FTMO Accounts into a single $400k FTMO Account to apply x2 200k FTMO challenges x1 100k FTMO challenge You can see the progress. They just don't understand how it works under the hood and so the company keeps making money off challenge fees. FTMO - Swing Challenge - 2 . Passing the challenge is easy with a bit of luck but 99% of those who pass the challenge can’t manage to keep the account for more than a month since they would break the rules because they simply don’t know how to trade. FTMO Accounts can be increased to a maximum initial balance of $2,000,000! Please refer to the detailed summary table below for a comprehensive breakdown of our scaling plan requirements. You also receive your fee back after your first profitable month. I have traded with ftmo for some time now. I’ve heard of the 5%ers but the highest challenge is 100K. They kept saying I had to wait till the 10 days are over and then i could reach the 10%. These are very generous estimates and it's probably closer to 0. Will keep you posted. Someone who is starting a brand new "100K" FTMO account and has not placed any trades yet is technically starting with 10K ;) . I CHARGE a One Time Passing FEE to get FUNDED 10k- $75USD One Time 20k- $125USD One Time 50k- $225USD One Time 100k - $379USD Time 200k - $499USD One Time I have passed more than 300+(Combine) all time !! Every account is dealt as individual and trades will be generated from an individual IP address for every account so no Same IP sharing problem. There's one guy on forexfactory who has taken the 100k challenge 7 times and failed all. Are the fees recurrent? I paid for my FTMO Challenge, when will I get the account? Can I merge four $100k FTMO Accounts into a single $400k FTMO Account to apply Good afternoon Traders! I have successfully passed my $100K FTMO challenge. Starting the FTMO Challenge? These 5 tips will help you succeed. Ftmo is a prop fund and u pay a fee to participate in a challenge. So far, so good. The only difference is the fee, min. U can do much larger position sizes with proper risk with a 100k account than with a 3500 account obviously. "How high in % was your first payout and how does it fell? 3%, or $1500. Hey guys. if you end in profit on the profit split date you will get paid 80% of that profit. 5-1. On July 21, 2022, I celebrated my first year of funding with FTMO. The next section of the FTMO review explains the details of the FTMO Challenge, the Verification process and the specific trading objectives. Tools & Services that were unlocked for you when you purchased the FTMO Challenge will remain unlocked. Daily loss is literally the same (percentage wise as the 100k or 50k surely) if you did the 100k test and are now taking the 10k challenge you just need to risk 10x less no? Reply DiscombobulatedBid19 • If we go to the minimal FTMO challenge that is marketed as a "$10K" account the daily loss limit is $500 and total loss limit is $1,000 and the fee they charge is €155 for a $10K account challenge. day requirement and a higher profit target. Net, the prop firm will keep $200,000. So you get a new 50k account every time. etc. So from my assumption it’s basically like the verification and FTMO challenge without a target. As you can see I’ve came pretty close to passing multiple times. So, whatever you earned (minus 20%) + your challenge fee. And did my due diligence asking them (the ftmo team) multiple times if i was allowed to hit the 10% target before the 10 day minimum. Demo is so much different than a live account and prop challenge account. The Verification has easier Trading Objectives than the FTMO Challenge, as the Profit Target is reduced by half to 5%. For a balance The math is quite easy. The purpose is to test your trading consistency. Losing 5% on a 100k account is 5k . It's advised to risk 1% of your account per trade, 2% if you wanna be more aggressive (this is not recommended for strategies that use low win rate/high reward since the drawdown would be much deeper) so this means that you need to lose 100 trade to lose your account or 50 if you pick 2%. Everything else remains the same. But no point in diving straight in to the 100k account when you havent tested Instead of being cheap, go with FTMO, followed by 5'ers, THEN everyone else. Your max loss is 10% (or 12%, depending on firm), so you actually only have $10k risk capital. S client and been profitable for awhile with a 50k account making about 2-5 percent a month . Refund Fee. Start with the 10k account, if you pass, withdrawal once you have the profits to purchase a 100k account. This is Tip #1 of 5. So that's essentially 20:1 Leverage (technically infinite since you get the refund back for the evaluation fee back). The FTMO Challenge duration for all accounts is 30 calendar days. So once you withdraw your profit for those 30 days it restart like a challenge. com's Reddit Forex Trading Community! Here you can converse… I trade my $100k ftmo account as if it’s $50k. Imagine this. Currently taking the 100K challenge with FTMO. It will take you 6 times to lose a challenge to lost the $1000 account had you funded your account with your own money. Quadrio offices Purkynova 2121/3, 110 00, Prague Czech Republic [email protected] When someone passes an MFF $100k account challenge, they risked $500 to get access to $10,200 ($100k account * 12% = $12,000 MaxDD * 85% profit split = $10,200 Available Capital). 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. New Find the latest offers and promotions for the FTMO 100K 2 steps challenge at Prop Firm Match. But I realized in the end that if I do passed the challenge, then it's a free to use capital for me as I got my challenge fee back. Once funded you trade and make profit on an account and have $0 risk. We allow a maximum capital allocation of $400,000 on FTMO Accounts per trader or per strategy, at any given time. If u pass the challenge you get funded with their money. The FXIFY one-phase program is best for those who want to start fast without the need for a second evaluation process. "When you pass the phase 2 of the Challenge, will FTMO pay you the refund OR will they only pay your refund when you achieve your first payout?" You get your challenge fee back AFTER your FIRST payout. 02 Assess your trading skills without entry fee; 03 Gain insight into the FTMO Challenge and Verification; 04 Identify areas for improvement before undertaking the paid FTMO Challenge; Important Reminders: 01 Free Trials of FTMO Challenge do not guarantee automatic eligibility for an FTMO Account -ftmo's business model is based on the failed challenge fees. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. FTMO is just a wannabe traders' day dream. None of the people that fail post anything up on reddit because there is no point, while the people that succeed (which is a tiny %) are on here having their 15 mins of fame before 99% of them inevitably lose the account which they attained through luck rather than actual trading skill. The challenge is to reach 10% profit with 10% max drawdown, it’s not about closing all the four weeks with a profit Can I merge four $100k FTMO Accounts into a single $400k FTMO Account to apply for the Supreme Status? Are there any specific account sizes required in order to apply for Prime Status? What are the Benefits of the Supreme Status? Apr 7, 2021 · I have started on the 12th of April with the $100K account, so my first payout is scheduled for the 12th of May. This can be So let's say you make only $100 on your 100K account, with other prop firms you'd get $100 + your challenge fee (100K, $400) with the first profit split, so a total $500 pay-out. I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. Think about it man. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. Yes. Two Types of Passing Service: Single Challenge Pass and Contract Offer Single Challenge Pass: 650 USD fee (per challenge) Accept challenges until 2% drawdown Fixed fee for all equity sizes (10k to 200k) Account Management Partnership 50-50 I did the challenge myself. A $10000 account where you are able to lose $1000 and it costs you only $155 with the current rate to buy a challenge. wow congratulations! I'm starting with the 10k and once I pass this challenge and verification I'm gonna go for the 50 or 100. 3% that get paid out. Only traded today!! Hi Everyone, I pass prop firm challenges. No. but if u lost that same amount on a 3500 account you’d be blown. Each FTMO Challenge needs to be traded from the beginning, regardless of whether you have passed one in the past. Then there is the aspect that if you have a $10k personal account and end up having a 10% (10% as if trading $100k) drawdown for whatever reason (sometimes you just have bad luck), then you've blown your account and are out $10k whereas with FTMO you're only out the ~$600 for the challenge if it happens during the challenge or during the first Hello, good day everyone. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. Get the Reddit app Scan this QR code to download the app now FTMO 100K SWING Challenge 75% target achieved on 5th day. Thats why Im asking if you had expierence with this. •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. I might go for the real challenge account. So you are paying €155 for the possibility of only getting access to at most $1,000. Those are accounts you can safely make real money from. 81%, but it’s not a reason to be discouraged or change something in the approach. 11 votes, 36 comments. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. I want dip my toe into an 200k challenge but don’t know any legit prop firms. 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. com). However, If you are relatively new to trading, I’d suggest the $10k to pay for a $100k or $200k challenge. Im not sure about lets say total account sizes of $395,000. etc. Your risk management needs to based on that $10k number. Technical Analysis Locked post. So good trader = guaranteed funding from prop Are the fees recurrent? I paid for my FTMO Challenge, when will I get the account? Can I merge four $100k FTMO Accounts into a single $400k FTMO Account to apply The issue here is that you see all the 'success' stories and no failure stories. It basically means that if you manage to pass, you get funded and it costs you nothing. Talented FTMO Traders who meet our Scaling Plan requirements are rewarded with a 25% increase in their FTMO Account balance and a bigger reward of 90%. e. Now I’m in drawdown, any advice? Having an affiliate program doesn’t make a company a pyramid scheme 🤣🤣 8% of the challenge fee for a 100k account is about €45, whereas earning 1% gain on a 100k account with FTMO would earn you $700. Technically can i have 2×10k accounts 1×25k accounts 1×50k accounts 1×100k accounts 1×200k accounts Which amounts to a total of $395,000. 8 - Win rate of 55-60%. Max out with them FIRST, THEN move DOWN the list of other firms. once you're a full FTMO Trader, you can even go on an entire month without trading at all if unforeseen Sep 9, 2023 · FXIFY one phase prop firm offers the cheapest $100,000 challenge for a fee of $475. whatever u wanna say how it’s actually 3500 blah blah . 100K; 200K # Name Profit Equity Account Size Gain % FTMO Challenge Free Trial . Hey everyone, I wanted to share my recent experience with a prop firm challenge passing service called FundMyProp (fundmyprop. Two Types of Passing Service: Single Challenge Pass and Contract Offer Single Challenge Pass: 650 USD fee (per challenge) Accept challenges until 2% drawdown Technically, you are absolutely right. You have to pay a fee to take the challenge, fee that is refunded if you pass. FTMO's 70/30. Hey guys, been a mff then ftmo U. Any suggestions? If you wish to trade with a higher account balance, you can simply apply for another FTMO Challenge. Does that consider as a violation to TnC? The $100k is the best value for money. 242 votes, 229 comments. If you're a good trader, you do realize you get your challenge fee back, right? I repeat - YOU GET A REFUND ON THE CHALLENGE BACK! So you never LOSE money, and the challenge becomes FREE if you're successful. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. That means 30 days is the defined maximum of days available to reach the defined goals. The challenge comes with trading rules such as a 5% daily loss limit, a 6% Maximum drawdown, 5 minimum trading days, and a profit target of 10%. I signed up for their service to tackle the FTMO $100k challenge, and I'm excited to say that they helped me pass it for a fee of $150. As for what prop funds are, google it. . You buy the challenge you pass the challenge You pass the verification. Thanks so much! I'm actually a female :D haha, just thought I'd throw that in there lmao. Scaling. Manage to grow and exceed 400k . Statistically almost no one gets to the first pay-out, let alone the 4th. My question is if any of you guys who have passed the first… Only took 2 days to pass these 3 challenges: x2 200k FTMO Challenges x1 100k FTMO challenge. You can achieve an equal amount of profit from just $10,000 account with own money, taking almost 40% floating DD ($4000), instead of <5% realized DD in FTMO. Because every account you withdrawal from it’s going to say passing. In this video, you can see all my past results. This is my 3rd time with FTMO. First level ftmo challenge on a 200k account Prop Firms I have a 75% win rate but I end up losing some trades which takes a big hit in the account,it's been 3 days since I took the challenge to reach 10% but am feeling like the numbers are big but I have did it easy lot of time before(on smaller accounts) I feel little nervous to big lot and Are the fees recurrent? I paid for my FTMO Challenge, when will I get the account? Can I merge four $100k FTMO Accounts into a single $400k FTMO Account to apply 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. Hey since the max allocation is 400k for FTMO. For the 100k account the challenge step is 10k thereafter the verification is 5k. $10k (of 100k) actual usable capital is also not wrong. I've The Verification step is the second and final step of our Evaluation Process. After that, I failed my first 3 challenges before I was able to finally pass one. First week closed with a loss of -1. For example FTMO which is a very known prop firm with great reputation. 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. We would like to show you a description here but the site won’t allow us. It’s the same percent loss 100k vs 3500 just scaled. If it’s your first payout you will get the refund of the initial payment of the challenge as wel. I’m very curious about this phenomeno, never took an ftmo challenge, would like to hear your thoughts and experiences. But with ftmo is thing it’s basically risk free once you recouped your challenge fee so why not try to go for In FTMO, the maximum daily drawdown limit allowed on a $100K account is 5% which is $5,000. 331K subscribers in the Forex community. I uploaded two images one for challenge and one for verification Reply reply In this connection, after payment of a fee, you have not only access to FTMO Challenge and the simulated trading environment but also to all our unique applications designed to enhance your learning experience, such as the Statistical Application, Mentor Application, Account and Trader’s Analysis, Account MetriX, trading calculators & more. Today i finished my first phase of my 100k Challenge. When I searched, I didn't really find an answer to this question, so today I'm sharing my experience with you in hopes that others will do the same later. Welcome to FXGears. $1,436 in profit for the first 8 days, which should give me a payout of a bit more than $1000 so far. oieteqqsfcdupxzfxfsqdrcoivjhnbxsowkuvdywkzkroesrf
