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Can you make a living from FTMO?
In conclusion. It is safe to say that you need at least $10,000 to consider day trading a full-time job. This amount of money is something not everyone can afford to put in the trading account, but if you are a profitable trader and you think you can manage our FTMO Challenge, you can trade up to $400,000 for our firm.
Can you trust FTMO?
FTMO is verified to be legitimate. They have a flawless reputation and there is proof in various forums and YouTube of traders receiving payouts.
How long does it take to be funded by FTMO?
We start processing your FTMO Challenge account as soon as we receive the payment. We normally process your FTMO Challenge within just a few hours.
Is FTMO a one time payment?
No, we don’t charge any additional or hidden fees.
How does FTMO funding work?
The FTMO Account is connected to our Proprietary Trading Firm’s account where we generate cash flow. The offer to trade for our partnered Proprietary Trading Firm is made to clients who successfully pass the Evaluation Process. As an FTMO Trader, you are eligible to keep up to 90\% of the profits you generate.
Is talent funding real?
Funding Talent is a relatively new prop firm, offering traders up to $300,000 in trading capital and a range of different account types to suit all kinds of retail traders. They have an extremely interesting funding model, where you can actually fund your trading account with profits made on a demo account.
How long does FTMO payout take?
The payouts are processed within 1-2 business days upon confirming the invoice. You can receive your profits by a regular bank wire transfer, Skrill or cryptocurrencies. We don’t charge any commissions for withdrawals. You don’t need to score any minimum Profit to receive up to 90\% Profit Split.
How long does it take to get verified on FTMO?
We will be automatically alerted that you have passed your FTMO Challenge and we will proceed to evaluate your trading results accordingly. After approximately 1-2 business days, we will then send you the new account login credentials for the Verification stage.
Is it worth it to join ftmo?
It is a big NO. FTMO is demo account and just a trading tournament with a winning edge for the company. FTMO or any Forex funded account for that matter, is not worth your time and doesn’t make you any money in long-term.
What is ftftmo and how does it work?
FTMO is a company based in the Czech Republic. They would promise to fund your trading account with any of their chosen brokers (mostly small brokers located in Cyprus), for up to 100 thousand dollars leverage, but only if you first pay them a certain amount of money in advance for a demo.
How to become a fund manager for ftmo through the challenge?
Traders who wish to take part in the challenge and get a shot at becoming a Fund Manager for FTMO can choose from 4 account types — challenge accounts have no difference between them except for the Initial Deposit amount promised by FTMO after completing the challenge.
Is there a catch to ftmo trading?
But certainly, there is a catch. Statistics suggest that 98 percent of the new traders would lose their capital, so your chance of losing whatever amount of money you are paying them upfront is 99 percent. 99 percent because you do not have ONLY the market to fight, but FTMO’s strong rules too. Your psychology would be destroyed.