FTMO vs Darwinex

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The Erect Trader

Member
72 70
OH MY GOD :



FTMO 1.png


FTMO 2.png
 
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IlIlIlIlI

Established member
647 615
The FTMO leaderboards are changed from region to account size.
They are running boards which means if an account got a payout, it disappears - of course also, if the account was closed for rule violation.

This is the snapshot a month later than the region boards were published here.
Most names of today did not appear in the leaderboards a month ago.
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10k account size:
1631393143281.png
 

The Erect Trader

Member
72 70
What a great improvement. Competition always makes its effect hahahaha ! But the target to pass the evaluation model is still at +10%, right? They should lower to +8% to totally convince me.

It takes at least 6 months of consistent trading to achieve the 90% split :



Which is not so bad actually.
 
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sebking1986

Active member
206 69
I think of the companies in this space FTMO are certainly legit and probably who I'd go with to get funded. They have a track record now that is worth looking at vs companies like Funding Talent for example.
 

FXforfun

Member
80 126
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 ;)
 

sebking1986

Active member
206 69
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!)
 
 
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