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- QAndy replied Aug 31, 2021
What is your opinion about Lux Trading Firm. I am somewhat interested, it caught my attention. First their conditions do not look so good to me comparing that to FT or FTMO. But they have scaling up to $2.5 million and later also to $10 million and ...
Prop Firm Hub
- QAndy replied Aug 31, 2021
You can do simple math here. On FTMO it is stated 92% fail, 8% succeed the evaluation. Then the successul traders on their Elite Challenge account will do 7.5% in average as I have been told from FT. That word "successful" from FT could be meant ...
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- QAndy replied Aug 31, 2021
For taxation it does not play a role there is only one taxation for independent income. There is only a term difference between "selbständiges and freiberufliches" income, but tax rates are the same. So it does not make a difference whether you ...
FTMO - For serious traders
- QAndy replied Aug 30, 2021
Regarding FTMO one can go much cheaper with Kieran on traderseed.io and save most of the FTMO fees and in addition $300k buying power can be added to FTMO(s $400k BP, so in total $700k BP). For FTMO going over Kieran could be the best option, he ...
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- QAndy replied Aug 30, 2021
I have asked "Finanzamt". They give you advice. You will be taxed as "selbständiges Einkommen", so you can reduce it with other cost you have. E.g. data, computer, software, which you cannot on "Abgeltungssteuer". Second, prop firms are operating ...
FTMO - For serious traders
- QAndy replied Aug 30, 2021
For me it is not that easy to judge. I wanted to stay on facts only which matters the most. I heard also many people complaining about the support of FTMO, they have standardized english answers, and no answers around those questions. I also made ...
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- QAndy replied Aug 30, 2021
I am not commercial that is an error of FF here because I was doing a mistake which cannot be reversed as I see. I am only a full-time trader. To mention FTMO, they had for a long time that BS rule, which was also the most complained statement I ...
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- QAndy replied Aug 30, 2021
Because it has been said several times from different persons here that FTMO also had problems when introducing their own server. Just to mention that fact here. My original question was, how was FTMO doing 5 years ago (as comparison to FT now), did ...
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- QAndy replied Aug 30, 2021
Well a couple of weeks ago the CEO of FT just said the had payouts of $1.5 million on a two weeks time period.
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- QAndy replied Aug 30, 2021
no, I just want to be open minded and neutral as much as I can.
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- QAndy replied Aug 30, 2021
...and when you take their (FT) own words that they grew so much recently that changes had to be made ? It makes sense when having view from a certain distance. For me the conditions on FT are still #1, then MFF #2, and FTMO #3. FT just doing some ...
Prop Firm Hub
- QAndy replied Aug 30, 2021
That is what I doubt to be as said on previous post. I think this number of $3 miilion payout must be mentioned in their discord channel too (for me such a number cannot be from air only). It looks like (there are some indicators) that FT is number ...
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- QAndy replied Aug 30, 2021
The question to me is. When FT now makes payouts over $3 million monthly as I read on trustpilot (they also have the highest number of reviews of any prop firms there) and FTMO makes payout about $1.75 million for USD accounts, FT should be at least ...
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- QAndy replied Aug 30, 2021
Other question, does anyone know whether FTMO started 5 or 6 years ago like FT without copying any trades from traders, just to payout from collected fees only ? Did FTMO then have problems with payouts to some traders in the past (say several years ...
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- QAndy replied Aug 27, 2021
Hello Masterrmind, you are doing really good on your evaluations of MFF. Would you mind talking about the reasons why you entered your trades, e.g. the last one or two on EU ?
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- QAndy replied Aug 27, 2021
Just a question to MFF. Do they have a larger hedge fund in the background who is backing the live accounts with enough capital, or how they can say they have live accounts and copy trades ? Therefore some more real money is needed.
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- QAndy replied Aug 26, 2021
Yes, with that kind of trading, I would also say the prop route is the only option. But it looks like very strong that he does not have any consistent strategy or even proper money management. It is better to work on a good strategy, meanwhile he ...
Prop Firm Hub
- QAndy replied Aug 26, 2021
Just have seen this. Can be done. 60% plus in 1 to 2 months is really good, but such a risky strategy I would not consider as professional. He had control over 300k in equity, that is still too much drawdown or he must withdraw more often and higher ...
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- QAndy replied Aug 25, 2021
Hello, I have a question to people who trade on the new Swing account of FTMO. Do they have a lagging server around high impact news, because now you can trade the news with the swing account (still 30:1 leverage which is ok) and you are trading on ...
FTMO - For serious traders