• Welcome to the Darwinex Forums, these forums are member-run and managed by CavaliereVerde. Member-run forum rules may differ from the site guidelines.

FTMO vs Darwinex

IlIlIlIlI

Experienced member
FTMO also made changes in the scaling plan:
1633718467966.png
 

FXforfun

Active member
Well, these companies are probably legit. Not trying to question it.

My problem with these companies is with their model. It's a kind of 'get rich fast' approach. Personally I would preffer to create a solid track record. Of course It takes time and is difficult as hell, but it is robust. At the end of the day if a trader is a bad trader could win some FTMO challenges but his account will disappear. It's like playing with a gambling machine, you can win some Jackpots but the odds are against you. Sonner or later you'll get banckrupt. Casinos are legit but I wouldn't take them seriously as a place to make money.

Just an opinion. Whish luck to those of you guys who jumped on that model. It will be interesting to see what happens to your accounts in 1 or 2 years, track record again ;)
 

Farm Yard Forex

Well-known member
Well, these companies are probably legit. Not trying to question it.

My problem with these companies is with their model. It's a kind of 'get rich fast' approach. Personally I would preffer to create a solid track record. Of course It takes time and is difficult as hell, but it is robust. At the end of the day if a trader is a bad trader could win some FTMO challenges but his account will disappear. It's like playing with a gambling machine, you can win some Jackpots but the odds are against you. Sonner or later you'll get banckrupt. Casinos are legit but I wouldn't take them seriously as a place to make money.

Just an opinion. Whish luck to those of you guys who jumped on that model. It will be interesting to see what happens to your accounts in 1 or 2 years, track record again ;)
I wouldn't necessarily say it's get rich "fast" but FTMO have really helped stop this mentality by removing the minimum profit requirements to keep an account now. Formerly you had to be able to clear 10% a month which for some is not achievable long term. The focus now is certainly more on risk management and account maintenance. If you do blow the account the benefit is that you have lost the account. You are refunded your challenge cost if you pass and get funded anyway so you are not out of pocket in that instance either.

Forex like Casinos and sports betting done without an understanding of how value and edge works will result in losing money long term but if you learn how to spot the value and exercise discipline, there is money to be made long term in all three (or until the casino/bookie bans you!)
 

ridgeback

Junior member
Well, these companies are probably legit. Not trying to question it.

My problem with these companies is with their model. It's a kind of 'get rich fast' approach. Personally I would preffer to create a solid track record. Of course It takes time and is difficult as hell, but it is robust. At the end of the day if a trader is a bad trader could win some FTMO challenges but his account will disappear. It's like playing with a gambling machine, you can win some Jackpots but the odds are against you. Sonner or later you'll get banckrupt. Casinos are legit but I wouldn't take them seriously as a place to make money.

Just an opinion. Whish luck to those of you guys who jumped on that model. It will be interesting to see what happens to your accounts in 1 or 2 years, track record again ;)
Build a track record for who or what exactly? Get a job at a bank?

Lets say you trade your own $10,000 account and pull in 2% per month, this would be about $2600 ish profit at the end of the year, WITHOUT any withdrawals and risking your own 10k.

If you trade a decent prop (I'm not talking about ripoff white labels popping up all over) like FTMO or MFF.

A 100k account trading it in the same way would nett you over $20k while WITHDRAWING every month.....
 

FXforfun

Active member
I didn't notice there was an answer here. My appologies. I'm too busy at work, it's annoying because my work steals time for my trading :)

Build a track record for who or what exactly? Get a job at a bank?

Build a track record for yourself. Compound interest can leave you to heaven, and with a little help of investors you can expect to reduce this time as much as possible. But yes, it should take many many years I suppose; at least that's what all my Excelsheets tell me. I'm not aware of any shortcut. So let's do it, the sooner you start the better and enjoy the road.

Only time can prove if you have the mojo. If you don't have it, who cares if you trade with a prop or not. As much as you gamble, same results.

Lets say you trade your own $10,000 account and pull in 2% per month
Impossible trade for a living with $10K
Almost impossible to get 2% per month consistently
 

ridgeback

Junior member
I just don’t get it? Why would any good trader be bothered with this when he can get paid monthly or less and get funded by FTMO and MFF both legit companies that pay out 80+ % on a few hundred grand of their money. Darwinex offer what 15? And only if you know a few millionaires to trade for in the 1st place?

I mean this just isn’t well thought through as a business concept especially offering said trader retail trading margin conditions to compete against those with 100/1 in the market.

Maybe I’m missing something but I keep looking at this and remain baffled to why you guys are wasting your time on it when there are some great life changing opportunities out there right now.

It’s a shame this company isn’t looking to compete with the other prop firms as they seem to have the infrastructure. This idea they are clinging onto seems to have had it’s day.

Also the AUM figures quoted are a complete lie as this is leveraged? And “notional” funding? What a load of bollocks that is.

Interested to know why you lot are so obsessed with this broker as the offering is pretty crap. Just thought I’d put that out there…
 
Hi ridgeback,

I`m starting in Darwinex so small sample size. Since September I started the `phase 2` in my transition to live from trading and I`m testing brokers that can leverage my trading without increasing my dollar risk.

I trade with FTMO since November and I can tell you that they are a bucket shop. Apart from one trader that I know that is also withdrawing profits everymonth, FTMO looks good only for those that didn`t pass the challenge or those that look at the acc sizes and dream with leveraging that to infinity.

First, it`s not a prop shop. It`s a closed market making system, meaning that your payment comes from those that fail (no difference from any cfd broker here ). They need the fees and that`s what it`s all about. As a trader, you know that it all depends on ppl taking the challenge. But there`s nothing like a real prop shop (education, development.. think about SMB)

Secondly, execution is crap.

And third and most important, the challenges. Everytime you want to increase the acc, or just get started, you will need 2-3 months trading for free and having to reach a profit goal in 1 month. Now, everybody that trades knows that this is a big scam, you cannot predict when profits will come, but you need to do it quickly, or you will need to try again.

You basically need to double your account [Remember, max DD is 10%, so that`s your real acc] in 1 month, and then make 5%. Ok, fair enough, but after that, you end up with an account that is not that big, and if you either want to increase size, or you take a hit and go do DD, you will need to do it all over again.

I can tell you that those are not good trading conditions for good traders. That`s why you only see ppl taking too much risk and try to get one or 2 payouts to max this before they blow.

I hope this explains a bit why FTMO is not a good option, unless you are willing to gain some discipline and show to your self that its possible, and you are willing to trade 10% of the account as your whole acc and slowly build from there. In that case, you are getting more capital (10% of size o the account / fee you payed, that is between 8 to 10 times bigger than what you payed for the challenge ) than what you are risking.

Now for Darwin, let`s see. I`m here for DarwinIA. Maybe I discover that it`s not that worth, but still it`s a track record, nice Risk Tools, and I`m trading my live account that I have much more control (increasing, decreasing size, taking more or less risk etc) . It`s not my main broker though (TradeStation)
 

ridgeback

Junior member
Well I can tell you that it isn’t a bucket shop but what I will say is that passing the entry process is absolutely not for beginners and yes collecting these fees is part of the business.
Now let’s assume you’ve managed to get a live account, you have no risk and you get paid on the actual performance of your account. So every month if you make 2% you’ll get paid $1800 per month per $100k traded.
With Darwinex you would need to risk your own money (and you would lose more then the entry fee over time, I bet you that much). And then they pay you what? Every 3 months on a high water mark?
Here is the best bit. It’s a simulated account and they decide how much it makes, so if you make 10% they can decide to only make it 1%? Have I understood this properly or am I missing something?
 

CavaliereVerde

Senior member
With Darwinex you would need to risk your own money (and you would lose more then the entry fee over time, I bet you that much). And then they pay you what? Every 3 months on a high water mark?
Here is the best bit. It’s a simulated account and they decide how much it makes, so if you make 10% they can decide to only make it 1%? Have I understood this properly or am I missing something?
I am not positive about Darwinex as I used to be but Darwinex pays real and withdrawable money.
Darwinia allocation is virtual but performance fees are real, just like deposited money and trading capital.
>>https://www.darwinex.com/username/CavaliereVerde
21k of earnings and 17k come from Darwinia prizes.
 
Last edited:

ridgeback

Junior member
You can get 600k from MFF using their Rapid model and it pays 12% per month with no challenge period or time restrictions. So you could get paid 17k in a year just by making 2% per month…!
 

CavaliereVerde

Senior member
And that’s taken you 4 years to earn that from them? Four years!!!!
All my earnings are in 2018 when my KVL was going strong.
Maybe I have no edge and it was just luck but it is representative of what you can earn in 1-2 years IF alpha exists and IF you have it.
 

ridgeback

Junior member
Well somebody needs to try. Although I know you’ll never be able to help a Fundamentalist…
It’s all a bit weird.
 
 
Top
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock    No Thanks