2 YEAR FTMO Experience... An HONEST Review
ฝัง
- เผยแพร่เมื่อ 13 มิ.ย. 2024
- Has my opinion changed for FTMO after 2 years of working on and off with them? I am going to break down my personal experience with FTMO, FTMO's problems, FTMO's competition, and all the great things that FTMO brings to the table. I will break everything down, so make sure to stick around.
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⏳ TIMESTAMPS:
00:00 Intro
00:15 Important Regards
01:25 FTMO Updates
05:19 My Experience with FTMO
08:00 Am I still trading for FTMO?
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As always, you bring so much value to the trading space/community, brother! Keep up the good work!
Thank you Nick!
@@KimmelTrading By the way bro, what camera and lens are you using for filming?
Hey! Sorry for the late reply. I am using a canon m50 with a sigma 16mm f1.4 lens
Before i was scare to take the Challenge with FTMO because of theirs rules :D but now i started with them,still passing the Challenge but we are almost done.I hope i will be satisfied as you with them.:D
Thank you so much for this review
Great video, it's simple. Prop forms are in to make money, so decent service and professional processes are a must for them. Lots of new traders simply get on with wrong expectations.
1000%! Spot on!
Popping by to say that I love and appreciate all of you!
Thank you for all the support! 😌
Would love MFF to have C Trader
Thanks bro for sharing your experience personally one of the things that made me stick to FTMO is the the Mentor app… as a retail trader trading on my own i need to stay accountable for myself and my performance and the Mentor app helped me stick to my loss limit and trades taken everyday to stop losing much on bad days and Going on tilt and overtrading which is like in a prop environment when you have a risk manager.. this feature by it self made the price worth it…they truly care about traders becoming their best ..
Oh really? Wow!! Never heard someone saying that the mentor app really helped them out. Love that!! 💪💪💪
I was currently testing it out to see if I can meet the objectives on the free trial. I risked 1% but my TPS were too good that I hit the target in just 2 trades. Would they accept this in the real challenge after I open 0.01 trades to hit the minimum trades?
Received my payment yesterday from MFF.
Thanks kimmel for your mff review
Lets gooo! Happy for you!
Me also...it is a challenge that you need to prove your trading skills and mentality...currently I am doing with my verification and 2nd repeat after around 10 failed challenges with some 100k...it is a journey for me also towards a realistic goal and not an easy as quick scheme to have a cashflow of a certain % of profit...I doing also verification with similar strategy with MFF which in the beginning I consider that would be similar as new firm same like what happened with funding talent...Thanks for sharing and Goodluck with your trading journey
You’re failing because your doing 100k, all 100k is doing is putting pressure and greed into your head, try 10k
I had a question, if I open a trade and my trade enters a floating loss of 1%, but if it is closed with a profit, will this floating loss be calculated for the total monthly loss?
I have asked the FTMO's support. They confirmed that once you get funded, every 30 days if you're in profit, whether you choose profit rollover or withdrawal, your will get a new funded account at the end as well as all the open trades closed. That totally violates the purpose of their swing account. Are all the other prop firms like that? Why has nobody talked about it since not all the traders are day trading.
They are a scam
@@kosickf112Yep, all traders' accounts are simulated.
Being able to swing trade for an entire month. Then them providing same funds the next month… the only thing you need to worry about is closing trades before FTMO does. That’s not a scam.
@@sacr4450 In proper swing trading, usually bad trades only last a few days, and good trades will last a week or more (sometimes weeks). The longer your trades are, the more they have moved away from your stop loss. Closing all trades every month means you will left with more bad trades and lose some potential good ones.
Hi Kimmel. Always enjoing your videos. Can you please talk about the scaling plans on FTMO and MFF? I'm doing my math and with a 400k account. you can get 2 Millon in funding if you stay consistent with FTMO for about 5 years. This is a really good topic about for all the consistents traders that think in the long run. Regards from Panama. Bless
Hey Jose, the cap on FTMO is $2M per trader, so you can scale all the way up to $2M. With MFF scaling is unlimited
You are a funny nice guy
Thanks for the review. I appreciate 🙏
Hahaha thank you!
I will do some research, but asking here until I can get time. Does MyForexFunds have a free trial period that can be restarted and learning materials like FTMO? Also, do they use wire transfer like FTMO? Thank you!
No, they do not. And MyForexFunds uses Deel
@@KimmelTrading So besides Deel, they do not use Cryptocurrency payment, Wire transfert, like stated on their website?
@@dantshisungu395 They also pay through crypto
Hey bro, thanks for sharing! Used your discount code twice! Hahaha
For MFF
Thank you! Hahaha, which you the best of luck!
Thanks 👊🏿
for me as a position trader im not choosing FTMO because their system and rules doesn't make sense for me..when i asking the live chat customer support they said i need to closed all my open position at the end of the month either profit or loss their reason because the company want to calculate for profit spilt..the funny part is they cannot calculate profit split from all my closed position..LOL..then every month need to log in new account..so dont call it swing acc if the rule like this..
Is there anything you can recommend with the terms you've stated?
Do you think that FTMO prefers a certain type of trader? I have a 1:1 RRR but higher success rate of 74%. Their analysis in the free trial was always talking about having a higher RRR and that a high success rate can change over time. Do you have any thoughts?
I was funded 25k with FTMO and it was awesome from the beginning to the end. I maxed the drawdown (10%) and lost the account in three weeks due to the get rich mentality hitting once I became funded. I will continue to use FTMO they have the best customer service. Simple.
100%! FTMO is absolutely great!
25k in trial?
Do u recommend them over the other prop firms ?
I had a question, if I open a trade and my trade enters a floating loss of 1%, but if it is closed with a profit, will this floating loss be calculated for the total monthly loss?
@@Mbappe_8888no
What’s the rules after you have the account ? . Can I hold the account for as long as possible ? Do they have a specific monthly target once you get the acccount
No specific target, but you have a max drawdown of 10%
That Kim Kardashian pop-up killed me🤣🤣🤣
Hahahha, it does deserve a subscribe hahaha
@@KimmelTrading 100%
I liked because you are honest being not funded!
Thank you so much! I love to hear that! 💪💪
Well... this is not really the way it looks. It is nice Kimmel disclouse he is not funded at the moment. But the video is one big adverstisement of his referall link. FTMO great, so proffessional, so innovative, the best company in the world!. The video is definitely not a review, cause there is no real information during the whole video.
Do you have problems with 9:30am entries? Thanks
I was looking at MFF but chose FTMO. MFF has much better terms but that weird 5% drawdown rule was a huge nono for me, glad it worked out for you at MFF!
Thank you! Hope you smash it!
hey do you mind telling why are MFF drawdown rule nono for you? genuine question
@@chunwei4201 Because you can't go more than 5% in drawdown on even open trades. I don't want to be always monitoring my open trades so that they don't hit the 5% drawdown, doesn't fit good with the strategy that I am trading.
same here I'm practicing for the FTMO challenge for July ...this helped me confirm my decision
I was gonna go with swing account but just looking to do intraday trading now 😅 100 leverage is perfect
So when you get funded. You are never allowed to go below 10% DD? Eg) you can trade for 6 months and be under 10%DD and month 7 you do 11% DD and you loose the account?
Not necessarily, let’s say your up 16% on month 7 and lose 11% , you’ll be fine but if your at 9% DD and u lose 2% by the 7th month yea you’ll lose the account
what happened to your MFF account after they went down??? Did you ever get your money back?
“Sign me up, oh wait I’m already signed up” 😂 Jokes aside, I think I’m at my breakthrough after about 4 years of being in this game. But I don’t want to get too overconfident just yet. Taking the challenge is tempting, however, I’m gonna see how I finish the month of February to make my decision. What do you recommend? Love your videos man, feels like we’ve been growing together as I’ve watched you for so long haha.
Taking the challenge can be done when you feel confident that you have an edge that can make you pass the challenge. That’s most of it. If you are confident, then there is really no problem in going for a prop firm. If you pass, or you fail, doesn’t matter, because you are going to get a lot of different types of trading experience, which is going to take you to the next level
If you are just breaking through you should not rush it in my opinion. I would give it a year of consistency before jumping in.
I get slippage of 2 points or so each side i.e entry and/or stopp loss being hit when I trade indices. Shit brokerage.
Hey broski just came across your YT I subs. I want to start trading am really new with no experience which sites is the best to invest at ?
I have an urgent question
I think I’ve seen somewhere that if different ftmo accounts have similarities in strategy then they could be terminated or banned…
My friend and I basically learn from the same TH-cam channel which goes into details and specifics for strategies and if we both have an ftmo account and are trading the strategy we learnt then could we get banned ??
If this is true I think that’s unfair because theres an abundance of traders who all learn from similar sources so it’s only logical that the prop firms will get traders with similar strats
Hoping for a reply💫
Thanks man
Minute 8:12
600K? That is with the consistency rules applying and with them increasing your capital every 3 months, right?
No, you can have 3 200k evaluation accounts
I do both challenges FTMO and MFF and was curious. I finish the trial 10k and 25k in a week both separate, but was losing my real challenge in the end. On MFF I was doing the best performance so far, i think it’s because i know I got an extension if I don’t finish it in 30days or can let me time etc. But FTMO now got that extension also. And year MFF is cheaper but in the end it depends
It all depends on each individual trader
Hey man, does FTMO also have the 30 day extension?
@@blackpillbishop5016 they have a 14 day extension, but you have to be 5% or more in profit 3 days before your challenge end date
Who is MFF..? do they have an address, email or tel#..
No contact info is shown on their site.
I tried MFF, but their spreads are too high for scalping, really not worth it for my scalping strategy
Say im 10 trade days into my 100k aggressive account, being i dont break the daily drawdown at any point. does FTMO allow you to withdrawl partial profits, even if you have yet to pass the challenge?
From what I saw on the website, you have to first hit the 10% goal, verify the challenge that it was passed then you can withdraw that 10%. You can’t withdraw let’s say 7% and your still on your first challenge.
If you pass the challenge criteria before the 30 days in each stage do you automatically pass to next stage?
Yes, if you have the minimum trading days
@@KimmelTrading sweet mate made over 4k profit in 4 days on Gold so should pass the challenge next week but will be the following Monday im assuming 10 days
@@danny-253 Did you pass bro?
I know many people don't realize this but the account sizes are not the true risk capital. The drawdown is. If you have $100k account you can only risk $12k of it. Therefore it's still a good deal but realize you are getting mostly buying power and risk capital is just the $12k.
How many times are you going to comment that, not understanding that even though it is KINDA true, it is mostly false. If you stick to the risk management, you are going to be trading the % of risk of the WHOLE account, meaning that you will be having returns from the whole account…it doesn’t matter the true risk capital. That’s simply a rule. You shouldn’t breach it and that’s it…you have a 100k account, with rules, and that’s simply how it works…
@@KimmelTrading I will say it until people get it. It's not kinda true, it is true and I'll tell you why. You are risking 1% per trade of an "account" that you only can risk $12k of. So really you are risking 8%/trade of your risk capital. You only have 12 trades you can lose back to back. This is no different than if I deposit $12k in a high leverage broker and risk 8% per trade there. Same $1000 per trade I am risking and same only 12 trades in a row I can lose. So don't try to tell me it's the same as having $100k in an account for real cuz it's not. Do you think MFF truly puts $100k in each account? No they don't. Use your brain.
@@Triniboi05 you are correct, I don't know why Kimmel is trying to defend this
@@mk_4567 I think he really doesn't get it. It's simple math and I just broke it down for him so if he still doesn't idk what to tell him. I tried. At least one person gets it.
@@Triniboi05 to be honest I knew this thing for a long time and I too try to comment on every video about how you have to grow 100% and not 10%. Happy that we are on the same page 😊
Nice video Kimmel. Can you please do a video about “DT4x”. When I Google “the best prop firms” it shows up as one of the top ones but I’ve never really heard about it, which is weird.
Don’t google that hahaha, it’s easy to manipulate google searches. You just need youtube to be honest
@@KimmelTrading interesting. Thanks for the info.
Didn’t they recently close down their business like last week?
Dt4x just went bust last week I think
Is that True that ftmo in the second phase freeze your account and they wise the spreads 20 to 40 pips? Who got scammed please tell us and why did u get suspended?
Where would that even make sense? 🫠🫠🫠🫠🫠
Hey @kimmel trading, on another note do you trust MYff with 1million dollars? Like would u hold 1million on an account with them without withdrawing it yet ?
I would trust MFF with them giving me a 1M account, but I wouldn’t trust ANYONE (not even FTMO), 1M$ of gains that COULD be in my possession, and no one should hahaha
@@KimmelTrading hahahah that’s what I thought hahahah , nice video. You’re on point with FTMO I THINK the same way.
for FTMO we're only limited to forex trading, no stocks, options, futures right?
You have stocks, crypto, and some indices
U can trade gold, u30, us100, and the s&p as well
I noticed that you can’t average down into positions on the demo. Does FTMO allow you to modify positions by adding more to change the position average?
They let it everywhere. I could always do it
Did you lose your FTMO accounts?
Thanks for the video. Can we trade stocks as well?
Yes you can
@@KimmelTrading but only like 10 stocks?
Is it possible to share an ftmo funded account with someone else (he trade crypto and I trade forex) do we have to create a compagny to do it ?
No, it is not
They wouldn't know as long as you have 1 account. I've got copy trading cloud software so I know you can sign in from different IP under 1 login. As long as you're not copying trades into different accounts from others you'll be fine
@@davidk7441 what is copy trading software
I dont understand, do i need money to start with them or can i prove my skills and just get funded? because thats what im pointing
You have to pass the FTMO challenge to be funded, which you pay for…
But I believe if you pass the challenge then they give you your money back, if you don’t pass the challenge but was at least in the positive then you get free retry at the challenge. (Or at least that’s the way it used to be)
U pay depending on what account size you want, 10k funded is $105
Did you buy that hoody at pull&bear ?
Looks like it hahaha
Would you deploy a copy trader using two firms in parallel?
Yes, definitely
Is it legit to use a copy trader on funded account ?
@@Antoanto13 depends on the firm. For MFF you would need their account as master account.
Kimmel for MFF can the 600k be all on evaluation account. Never really understand that
You can have a total of 600k in funding, yes
Max funding is 600k which you can split on 2 accounts as maximum for one account is 300k
what does MFF mean ?
Costly challenge and time limits are terrible.
MFF always over 600k capital? Damn I thought it was 300k
Yeah, 600k is nice hahaha
Is there a prop firm that I can join because I live in the United States?
MFF, depending on your state. And FTMO too I guess
In myforexfunds i can use metatrader 4?
Yeah, MT4 and MT5
Can I trade beyond the forex? I mean like stocks.
I just trade APPLE
Yes, you can
With ftmo that is!
I only trade usoil can trade oil on ftmo?
nah man. i’ma NADEX trader. have my own leverage and what i make is 100% mines
This is like a 10 min FTMO add. If you not funded by them then how can you explain 2 years experience :-)
What do you mean by maxing out the accounts?
Maximum allocation (FTMO: 400K MFF: 600K)
@@KimmelTrading does that mean you can fexp scale up an account in ftmo until 400k? and it will be capped at that amount?
@@TakaHebi110 Then the only way you can scale is through their scaling program
So, basically 9:49 minutes of how good and professional FTMO is, despite not being funded and not making any profit.
Just because he didn't make profit doesn't mean that it's was ftmo fault 🤣🤣. A company can still be great without a trader making money. It's not their fault if you go all gangster on your lots and lose your money.
Lol basically nobody makes money as a trader
@Elias Håkansson tell that to my friend who pays my car payments and gives me money 💰 trying to get to his level
@@oheddignorant.
How do I set stop loss?
Before setting the Buy or Sell (can also be set after), there’ll be an SL (Stoploss) option and you can type in where you would be happy with losses there :)
An Honest Review...
Also use my link so i get some cash out of it.
Mff is cheaper but do y'all realize you have to wait an entire month AFTER you've received your live account before you can even receive your first pay out. I feel that's entirely too long. Most firms are like two weeks, not 30 days.
MFF has trailing drawdown, Be careful
This is the main reason I'm going with FTMO
@@subharajtaran2194 I'm personally choosing FTMo as well too.
@@Dee-cj1ec Me too, I'll be joining FTMO after completing their trial atleast 3 times, without any hassel. I'll update here after I get funded. Best of luck to you too 😊
@@subharajtaran2194 did you get funded?
did u make any money on FTMO ?@@subharajtaran2194
my forex funds is very hard for scalpers, the spreads can jump RIDICULOUSLY to take you out, i use 0.5 / 1 pip stop losses and often you will see spread for EU go to 0.5 which is NOT normal. FTMO does NOT do this. GU even spikes above 1 spread in market hours. its a joke for scalpers. be warned, FTMO is consistent , i'd recommend scalpers to use them instead.
100%!! Spreads have been WORSE with MFF
You don’t get 100k, you only get the daily loss basically. The number is made up, but it makes traders feel good, it’s just psychological.
True
Right it’s better to fund your own account with 20k and take 100% profits no rules no bull Shit.. because it isn’t truly 200k that you’re getting lol
@kosickf112 that's so stupid you pay 1080 to have 200k which is basically 10k a day 20k overall and after the first withdrawal your risk free. Or lose your €1080
Compared to a personal account where if you blow you lose 20k of your money basically i can lose 15 ftmo 200k accounts with your 20k capital. Who cares about a 20% more profit when you loss potential is that bad
You do get 100k . There is some points you people miss ... first is leverage , second is risk ... if you deposit 20k of your own money will you get the same levarage and risk the same amount of money that you would on ftmo with a 100k account ???
@marcioborgesreis9066 ftmo you get better risk and leverage in my opinion. You get access to 10k risk on ftmo by paying 500 dollars if i lose o lose 500 dollars when you deposit 10k into a broker and lose you lose 10k. That 10k that you lost you can buy 20 100k accounts.
It's changing people''s lives? Maybe one person out of every 300 actually gets a funded account and maintains that account thereafter.
Yup :)
How many of those have put the work in to deserve the account tho? Well..enough said
@@KimmelTrading That's why FTMO is not changing people's lives.
what would be nice that I have never seen.... is when someone reviews these prop firms.... if they actually told us how much money they made over the course of a year or two years while using them. Since the number of people who make it to their first payout is usually less than 5% statistically, do these traders make the big bucks over the course of a year or two using prop firms?
If you listen closely, I disclose how much money I made with FTMO 😅
@@KimmelTrading time to re-watch! 🤣👍
If you know how to actually trade and maintain consistent profits. Prop form or not you’d get payed
@@danielcouturier6037 what minute does he say how much he made? I can't seem to find it on the vid
@@theprince1795 NOPE! I've watched it multiple times and I can't find where he said how much he has been paid out or made.
Thoughts on the funded trader program?
Hi Kimmel, I am from India and I am full time trader. I am planning to take FTMO I already double checked FTO Demo account that I passed in just 1 week. Need your suggestion DO FTMO really gives account transfers money when I make profit. Can I believe prop firms. Is MFF better than FTMO. Also please make video on Surge Trader
Yes, they pay everyone…
If u have your money do trade by your money by increasing leverage that u can't able to do in ftmo or mff
How do people not pass
They fail
@@KimmelTrading I think people fail cause they don’t have a understanding of how trading works u can not make millions in a couple months without over risking if people are that type of crazy big position trader then ftmo is not for them if your ok with making 20 to 40 k a month on a 100 k I’ll understand but not millions not possible just ain’t point blank it would take years to make millions of forex unless u have a live 1000000 account trading is all about risk management no strategy will save u from losing that account 😂😂😂😂
Psychology 100%
2% of 400000 is 8000
5% of 5000000000 is 250000000
Can i trade from nepal
Dude all these years and u haven’t made no money?
your title is misleading. made us believe you were a trading funded for 2 years and your NOT... click bait.
were you high?
Check out true forex funds, I think they’re better than both of em.
Hello what about 5ers?
I’ve talked about them on this channel. Very low leverage, definitely not for me
@@KimmelTrading I understand
MFF is no where near FTMO….
MFF customer service is crap.
1:30 leverage is garbage
It’s enough tbh
Ftmo allow scalping
Man did u ever witdrawed from FTMO or u are another guru talking about trading and making money scamming people on youtube? Maybe record some proof you made payouts from ftmo?
I’m a guru that is just here to take your money, and scamming you. Without you knowing, I withdrew all the money you have in your bank account, and deposited in mine
@@KimmelTrading lmaoo
can i use automated EA on mff ?
Yes, you can. This is what they have on the Discord FAQ:
"Yes. You can use Trade Copiers, Risk Management Tools and any EA as long as they are not used in the following ways:
- copy trading of other persons signals
- tick scalping
- latency arbitrage trading
- reverse arbitrage trading
- hedge arbitrage trading
- or any use of emulators"
what does MFF mean bro ?
@@GreckoThe1 myforexfunds
@@DedSec44 which is the best prop trade website ? what you guys think
you said 10 min bullshit just for click the link and earn money
short:he says so much but told nothing
@6 mins - you have 2 mins until Dislike
blablablabla
Useless
myforexfunds looks way better than ftmo.
Not with that entire month wait before a first payout
@@Dee-cj1ec bot
@@DaJukes lol I am not
@@DaJukes lol I am not
my forex funds legit do they payout? @kimmel Trading
Yes
big fake wicks in ftmo btc pair (or them liqu. provider)