![]() ![]() Now if you have to buy resets then they are $99 each. If it takes you more than 30 days to pass their challenge (without having to reset) then you pay for a 2nd month - so now you are at $700 ($350 1st month and $350 2nd month) even if there is a special for the 1st month such as 25% off then the 1st month is $262.50 and then 2nd month is $350 and that totals $612.50. ![]() SMB Capitals only appears to have 1 challenge level ($325 per month and $125 per reset) - it only offers a $1,000 daily loss limit and a $3,000 total "fixed" drawdown ($3,000 below zero line)Ģ) the top account challenge at Earn2Trade is $350 a month and you must trade for at least 15 trading days. TopstepTrader's $150k challenge ($375 per month and $99 per reset) only offers a $3,000 daily loss limit and a $4500 max total loss drawdown and that drawdown is a "trailing drawdown" not a fixed drawdown FTMO also offersĮarn2Trade's $150k challenge ($350 per month and $99 per reset) only offers a $3,300 daily loss limit and a $4500 max total loss drawdown and that drawdown is a "trailing drawdown" not a fixed drawdown Most competitors top funding challenged do not offer the same $4,500 daily loss limit and max fixed drawdown of $10,000 loss limit below the zero line like FTMO does. They also refund the $580 or $610 that you paid after you start your funded account - they give it back to you as an addl bonus with your 1st withdrawal of profits. ![]() Additionally should you come to the end of 30 days in phase 1 (or 60 days in phase 2) and have a profit (but have not met the profit target to pass) then they give you a free new challenge to start which saves you $580 to $610 USD. Then in phase 2 your profit target that you have to meet is reduced by 50% over phase 1 and you must trade for at least 10 days but actually have 60 days total to pass phase 2. You have 2 phases to pass - you must trade for at least 10 days in phase 1 but have a total of 30 days to pass phase 1. In the case of FTMO I believe the discount is 5% so it would end up saving you $30 or so and it still cost $580 USD so not much difference between $610 and $580 but still it’s $30. if you already think all funding companies are a waste of time and money there is no reason to read any furtherīut if you are considering trying out with the various funding companies such as Earn2Trade, TopStepTrader, SMB Capital and others such as FTMO then consider this when comparingġ) the fee for the $100,000 challenge At FTMO is $610 USD however there are a few funding review sites That review FTMO and others and offer promo codes on virtually all funding companies reviewed. In my opinion FTMO offers the fairest deal of all “funding” companies If it's easy, they would sit back and make all the money for themselves. Looking back, I would rather open a live account with 610 Dollars. I am not a beginner, but I tried it without success. Trading is tough already, and when you buy yourself a different set of even tougher rules other than the market psychology, you are destined to fail. That live account, to 99 percent would not come. But that is not all, you buy it with tough FTMO regulations, which would almost guarantee that you would fail. If you do, you will lose 610 Dollars which you must pay them before they would take you in on a demo account.īasically, with your dream to get to their 100 thousand dollars live trading equity, you are sold a demo account. Yet, if you make a mistake you lose your money.įTMO would not allow not you to lose up to 5000 on any given day if you are experimenting with (say) 100 thousand Dollars. Your psychology would be destroyed.įirst, what you are buying with money is a demo account which is obtainable everywhere, free. 99 percent because you do not have ONLY the market to fight, but FTMO's strong rules too. 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. They want you to understand that your payment is to test your seriousness for some time, if they are satisfied with your skills, then they can open a live account with real money for you, to be shared 70 to 30 percent between you and them, if you make some profit in the future. 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. Why FTMO funded account trial is a dangerous trap for you.įTMO is a company based in the Czech Republic. ![]()
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