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Common Forex Trading Challenges In Toronto: Legal Solutions – Founded in 2014, FTMO is a leading European promotion company with its office located in Prague, Czech Republic, known as the most popular promotion company for Forex traders who want to invest up to $10,000 with competitive accounts. $200,000.
FTMO is highly respected in the trading industry due to its long track record of actually paying out when profit is converted into traders’ accounts, as well as its consistent ability to spread across multiple financial instruments. From currency pairs, indices, stocks, shares, even commodities like natural gas and oil, to precious metals like gold and silver.
Common Forex Trading Challenges In Toronto: Legal Solutions
FTMO Competitive consists of a two-step evaluation process where you purchase a “Competitive” account and start a demo account where FTMO evaluates your trading capabilities.
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In order for a trader to pass the initial competition stage from a standard account, he must earn 10% profit on the principle of the account. For example, if you buy a $100,000 Standard Challenge account, your goal is to make a profit of $10,000.
As for the restrictions, you must meet the 10% profit target in 30 days or less, and you must have at least 10 active trades in 30 days. Additionally, you can lose a maximum of 5% per day, with a maximum loss of 10%.
However, if you can maintain a profit in the account for 30 days, FTMO will give you a “re-trial” and you can restart the competition phase without additional costs.
After you successfully pass the Challenge Phase (Phase 1) of your financing challenge with FTMO, you will move on to the Review Phase, where you must earn 5% profit within 60 days. FTMO will provide you with a new sample account for the verification phase.
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The review has the same rules as the competition phase, except for the profit target and the duration of the transaction. You still need to trade at least 10 times in 60 days and avoid 5% of your maximum daily loss, and 10% of your total loss, but only half your time and profit goals. The target for the competitive phase is only 5%.
After successfully completing the verification process with FTMO, they will verify your trading results and finally give you an investment account.
Now that the challenge and verification steps have been completed, FTMO will give you another demo account that they now use their algorithm to multiply the trades of profitable traders with cash. Even if you don’t make direct cash trades, FTMO will pay you 80% of the profits you earn on this demo account, including a refund of what you paid when you purchased a competitive account. on account and eligible for payment.
Some things to keep in mind with the FTMO investment account is that you still need to avoid withdrawals of 10% or more (maximum loss), and with this account you should avoid a maximum loss of 5% in one day. Investment accounts have no minimum trading days and FTMO only pays out if you make positive profits in the market with the account.
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Although it is very difficult to get through competitive accounts when starting a business, we believe that this is a great opportunity for traders to “fund” with a very low financial barrier to entry. You can start with a $10,000 USD challenge account for just $155 or get a $200,000 challenge account.
And you can earn a total of $400,000 through FTMO through multiple challenges, and they even distribute 90% of profits to merchants who participate in their scaling plan.
FTMO offers accounts in many currencies including USD, GBP, EUR, CZK, CAD, AUD and CHF. For simplicity’s sake, the table below shows the different account sizes in USD (United States Dollar), as it is the currency most traders choose for their competitive and investment accounts.
*Please note that Challenge Fees are in Euros and will vary based on the currency you choose to purchase your Challenge Account.
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In addition, all of the above accounts are suitable for the aforementioned “swing account”, where a trader can trade on weekends and block high-impact news events, but only get a profit of 1:30 compared to a leverage of 1:100. Get a standard account.
The difference between normal and aggressive account types is that aggressive risk is twice the daily maximum loss, maximum loss, and profit target. Additionally, FTMO does not offer a $200,000 bill for aggressive risk accounts.
One thing to note is that since all trading objectives are effectively doubled and the fees are doubled, there is almost no difference between the normal and aggressive account types, as you effectively pay the same competitive fees as a larger normal account and get the same results. goal too. For this reason, most traders choose only regular accounts.
In the table below you can see all the business objectives of the standard venture capital competition. Aggressive risk challenges are in addition to maximum daily loss, maximum loss, profit target and return challenge fees.
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When it comes to choosing a trading company, you’ll want to consider the company’s record of profitability, reliability, paying for service, their competition, and whether their investment and accounting policies are compatible with your trading strategy.
In the past we have seen many advertising companies fail because they lacked the experience to properly manage the company, or had poor distribution and execution time, which is crucial for a business to retain customers.
If you are looking for a reliable advertising company that is widespread, operational and sustainable and has a proven business track record of 8+ years, FTMO is the advertising company for you. By the way, if you’re more of a wave trader, you might want to consider one of FTMO’s “wave” accounts, where you’re allowed to trade on weekends and other restricted news events, but only have 1:30. Leverage Standard FTMO funded accounts offer leverage of 1:100.
The FTMO Scaling Plan includes a 25% increase in the size of your FTMO account every 4 months, a total scaling coverage of $2,000,000 per trader (with a standard account, $1,000,000 for an aggressive account), and a renewed profit split of 90% , the rest of the business goals remain the same.
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FTMO will spread your investment over your four month period, assuming that you will earn 10% net profit in your account during these four months. Process at least 2 payments within these four months.
As for aggressive accounts, the same rules as above apply, you must generate 20% net profit, which averages 5% per month over four months, with 2 payments.
The reason we consider FTMO to be the gold standard of promotional companies is that it is one of the longest running promotional companies in existence and serving thousands of traders as a great investment opportunity. While most existing brokerage firms are located in physical offices, FTMO offers a unique opportunity that allows traders to access funds and trade from anywhere in the world.
In addition, FTMO funds all competitive accounts with reasonable trading objectives at reasonable rates, with amazing execution times and competitive spreads that other brokerages cannot compete with. FTMO is a broker that has a good reputation for paying traders with timely profit distribution amounts, and has everything that traders are looking for in a promotional company they want to trade with.
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At Phantom Trading, our team and several of our students have been trading portfolio company accounts with FTMO and have been very happy with their customer service and investment accounts over the last few years.
At the end of the day, compared to other advertising companies in the market, FTMO remains the most reliable advertising company among them, although some of their competitors offer better business goals, but they haven’t been around for long. or can’t provide runtime and spread to the level that FTMO can.
While we don’t want to discourage you from researching and doing business with other promotional companies (there are very few great ones out there besides FTMO),
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