Ftmo commission reddit. com, a trading forum run by professional traders.

Ftmo commission reddit Forex fees include a $3 round turn fee per lot for each currency, with conversions Commission. In FTMO, commissions for currency pairs are $3/lot, for metals and equity CFDs they are based on percentage/volume. Thanks Welcome to FXGears. For indices (cash CFDs including USOIL and UKOIL), cryptocurrencies and futures CFDs, no commission is charged by the FTMO. I would think so in the sense that the tighter the spread the better right? Their spreads are just all tighter than FTMO. Meanwhile I’ve also been running two challenges with ftmo. Just take care of one thing that FTMO does not allow you to hold positions over the weekend. The offered technical solution for the FTMO platforms and data feed is powered by liquidity providers. Yesterday I took 6 trades with profit of 0. Traders can access up-to-the-minute spread and commission information directly through FTMO’s official page: Live Spreads and Commission Details at FTMO. f” suffix, and all available cryptocurrencies. Their spread is quite tight but sometimes liquidity spikes occur which is normal with any broker as well. The calculation for the commission is as follows: Sorry OP but that's a dumb question. Their scaling plan of 10%/4 months is more realistic. Prop firms are not for everyone, but telling someone to not even give it a look is just retarded. To be more specific, we’re talking about all symbols in the FTMO platform ending with the “. Now they have removed US clients access to MetaTrader and are pushing DXtrade instead. They have better rules imo and the spreads are crazy tight with 0% commission. The problem is it adds up tons of taxes on your final gains (30% tax, 20% Urssaf as "Prestation de services, and your usual FTMO commission). They just seem to offer a better deal overall. They are also large enough to offer their own brokerage along with your funded account. For indices and other offerings it's fractions of a penny. You are trading with their money with the intent of producing a return against the market. The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. For a standard forex lot it's $3. Profit target 6% Max DD 10% Max Daily DD 5% Pretty much 0 spread 0 commissions 80-90 split Scaling Is there a reason for this? Took me an average of 1. And they don't show you the commission they deducted they only show you your net profit. Which one is the one with smaller commission and spread? I scalp 10 to 20pips so this is really important. We are paying those for you. The real question is do YOU have a consistent and profitable method? That is the real question. 0010% per lot. the spread and commission they’ve built in means it’s really not for people like us. I have a broker on my personal account, I scalp 1min , and the account is growing nicely. com, a trading forum run by professional traders. 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. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. -Share FUNNY Trading We always hear of 5%ers, Ftmo, MFF ect But I haven't seen one post about alpha capital. I personally already have a micro company here in France. I usually risk 1-2%, but on an A+ setup I might want to risk 4% (5% would be daily drawdown). Here is a snapshot of their offerings: Live Spreads and Commissions. cash”, “. Great spreads, no… And there are props that deal live money accounts on A-book brokers, with no equity-based drawdow, and no maximum time limit for the challenges, no commission indices, no rules around news, 0. Do you think I need to be worried about FTMO not paying me out if its a winner? From now on, whoever is trading Indices, Crypto, and Futures CFDs is trading with no commissions at all. 5 months per scale up. Ask yourself this: why would they charge you a commission on each trade when you are trading with their capital? I want to trade on FTMO - max leverage is 1:3 for my symbols. Detailed Sep 26, 2024 · Forex pairs have a $3 round turn fee per lot, while metals and US equities have percentage-based commissions. FTMO challenges may cost more but their commission rates are far less. When you buy or sell an instrument, you do that through a broker/provider. FTMO recently blocked new and existing US clients from purchasing new challenges or trials. I'm currently in the middle of doing a challenge and have noticed that the commission that skilledfundedtrader takes is super high!! A $600 win and net profit is $520. You have to be profitable to be able to make money on their 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! When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. FTMO is legit, and I assume they have a lot of very successful traders. Nexo is the world’s leading regulated digital assets institution. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. 0-0. FTMO does have some downsides though the biggest being the news restrictions. . I was thinking of getting the hell out of here since my wife is Romanian, or at least open a bank account there (or any other country for you like For those experienced. But the cons thar we can all agree is the slippage are really bad even at non news hours and their CS is terrible E8 : Spread is at par with MFF, 1 day minimum trading days, responsive CS, commission is $5 per lot. The broker/provider charges you a transaction fee whenever you open a trade. FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and verification stage. FTMO does charge commissions. No news rules, no weekend rules, smaller target, cheaper price. Funding talent has better split and lower fee for 25k account. The company's mission is to maximize the value and utility of digital assets through our comprehensive product suite including advanced trading solutions, liquidity aggregation, tax-efficient asset-backed credit lines, a high-yield Earn Interest product, as well as the Nexo Platform and Nexo Wallet with their top-tier Welcome to FXGears. 3 pip spread etc. But FTMO showed -40 for the day Hi folks, are there any FTMO traders here that know if I can use iC Markets cTrader when doing the month trading challenge? I’ve been doing the trial for it on purple trading mt4 now for a while but iC cTrader is a much better option for me with its tighter spreads and lower commission rates. Yeah the commission is fr that bad. Equity CFDs have a commission of 0. You can't open or close a position on certain pairs 2 minutes before or after a news release comes out that effects those pairs. FTMO companies do not act as a broker and do not accept any deposits. Welcome to FXGears. 0040% per lot, metal CFDs (XAG, XAU, XPT and XPD) have a commission of 0. 13 votes, 60 comments. They have raw interbank spreads on everything. 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. One problem with all of these firms is the perception of the account size so eventually--at least in the US--they may eventiually have a problem with the Federal Trade Commission (FTC). So I've been a funded trader with FTMO, which obviously means I've passed phase 1 and 2 of their challenge. FTMO is a prop trading firm. Bro I’m the same. I have screenshots of my p/l. Pro & Cons= MFF : Cheap registration fee, reasonable spread, $3 commission on forex pair, 12% max loss rules. FTMO provides its traders with tight spreads and competitive commissions, ensuring low overall trading costs. Thoughts. They've basically undercut FTMO in almost every aspect. I always thought on FTMO but not sure if there are better options out there. Trust me, you can’t scalp a few mins on ftmo and probably not on mff either. 04, 160, 240, 40, 80, 40. - To be with other like-minded forex traders. Literally not one negative trade. For now this is the end of my journey with FTMO as those who have been following my progress know I develop an algo in the MQL language. 10%/month like FTMO is not realistic imo. When people take a $200K challenge--if they pass it and receive a $200K "funded account" it in reality is only a $20K account. gwuvjs brrm xcyd mxks unicwud vxc ydmey dgfa lsfu szkxlp