FTMO=Consistent, Transparent, Innovative and most importantly they don't compromise on Service Excellence for their customers /clients. Many thanks again to Peter and the coaches for the insightful podcast. FTMO(industry Goat)
The main reason for failing: Example $10000 account: Risk 10% i.e $1000, target 10% i.e $1000 The account is stopped when a loss of $1000 is made. Here the fund is not $10000 ❌, it is $1000 only✅. So, the capital is $1000 and the target is $1000 😄 What does that mean? 100% profit target....!!! 😲 Now you got the point? And the reason why many fail is this. 👍
True😂 and also, this is just the phase 1 and 2 of evaluation. Once youre on phase 3 (FTMO trader) theres a set of rules that most people cant pass (not because theyre incapable), but because you will be terminated if you make any changes within 2 minutes before and after news. The moment any of your sl or tp gets triggered, you are cancelled 😂
If I buy a challenge 50k, and I’ve not broke any rules but not yet achieve the profit target, will FTMO bill me every month until I pass the challenge ?
Hello @yky621, There's only 1 time payment for the FTMO Challenge. What more, if you pass the Evaluation Process and become FTMO Trader, the initial fee for FTMO Challenge will be refunded to you with your first payout. Thank you for your question, and do not hesitate to contact us again.
dear FTMO, every prop firm is accepting indian traders except ftmo .. there is lot of traders from india waiting to take your challenge.. accept indian traders🤝🤝🤝
