How Prop Firms Actually Make Money (FTMO, My Forex Funds)
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- Опубликовано: 22 сен 2024
- Here's the dark truth about the business model behind prop firms such as FTMO and My Forex Funds. The chances of being a profitable trader are so small that they can run a successful business of failed challenges and blown accounts.
Watch The Full Video Here: • The Dark Truth About D...
Sources
Lessons from My Forex Funds’ shocking new stats
• Lessons from My Forex ...
MFF Februrary 2023 Statistics Blog
myforexfunds.c...
#propfirms #ftmo #myforexfunds #scam #forex #profitable #daytrading #ict
#payout
As long I receive my payout, I am going to careless!
Which you won't now that top prop firms like MFF is shuting down for good, running away with the money you've invested. If something is too good to be true, it probably is :)
@@ltk7309 My capital and profits have already been received, just like other endeavors, need to look for another opportunity like getting other prop firms' account.
@@ltk7309do you trade?
@@ltk7309can i show you all my payouts for the last 14 months? As he said as long as I received my payouts, idc 😉
Thats what the delusional all say, til they're at the bank trying to get their money out and its 👻
The people who belong in the 99% are also the one telling you it’s a scam while having 30 lots open on a 100k account
😂
Hhaha
looooooooooooool kkkkkkk
😂
There is only one way to make sure you pass a 100k a challenge the difference is here it's not your money like it's name is it's a challenge you will never trade the same way on your personal account for many reasons the first one being anxiety let's say you are up 5k then you bounce back to 98k you will start to sink hard and you will lose the challenge and they know this and they like this so going all out is the only way you have CPI PPi NFP 10 lots on gold sell stop buy stop if you have a good AI to do that I have had 8 challenges and passed 6 from 2020 till here and that's the only way I found myself succeeding in getting through both step 1 and step 2
Legit prop Firms make money when you make money because they reserve the right to copy your trades and enter with larger lot sizes hence they don't lose money. That's why they only fund good traders.
Exactly
bro, this money is much smaller
Which ones specifically?
agree.. thats why prop pirm, looking for consistent trader..
name 3-4 legit prop firms
i still want to become 0,28 person traders
🤣🤣🤣
@@HishighnessMrL can i show you all my payouts for the last 14 months? As he said as long as I received my payouts, idc 😉
1 in 500 is still decent odds to be fair
Keep going mate don't be discouraged so easily
@@inevitable8562which prop firm you use?
Some traders are actually profitable and prop firms actually copy them.
This is true, however the statistic is of the percentages of accounts that pass. Losing traders take a ton of challenges and fail them all so this off sets the statistic. It also may take profitable traders a few goes before passing too and we know that the majority of traders aren't profitable so that's why the percentage is so low. And the firms that do survive back the most profitable traders and copy their trades on to their live funds
As long as they pay...strive to win and get paid..Thanks for sharing
This is why people think forex a scam stop talking about things you don’t do 🤦🏾♂️
70-80% Still losing on live trading. What's the difference?
Thats what im saying 🤷🏾♂️
Difference is you are 50-100x more likely to make money trading your money than using props
@@darius39351not exactly true unless you're already good at trading using a prop firm just makes it cheaper for you to make money. Think about it, if you manage risk well on a prop firm account you'll make profit by spending less for a larged funded account therefore you're actually risking little. If you had $500 to invest in trading instead of using all of it in a live account you can use half of it in a prop firm to get a 20k account or 10k account. Then make profits from that which psyout would be 80% of that. If you're consistent and make 5% a week that's more profit on a 20k acc than what you'd get if you have just deposited a $500 live account and got 5% a week.
@@darius39351prop firms is a good way of growing your live account
@@darius39351no one has over 25k to mess with typically man America is paycheck to paycheck
Bro Don't spread wrong information trading was risky business we all know and funded option is the best way to learn with earn.....
do u know what happened to mff
@@sandipbamrel2087 Now it's different. After MFF's all scams and fraud crisis revealed , we are being more cautious with the prop firms from now. MFF was just disgusting fffff
@@sandipbamrel2087If you are not willing take risk Then you shouldnt be here. We all know what happened to Luna Crypto, doesnt that mean the entire Crypto If going to be the same? If one Crypto Exchange closed doesnt mean every other will also follow
This didn't age well
@@sandipbamrel2087 who gives a shit about MFF? If one food company shuts down does that mean all food companies are goners too?
ive just bought my BMW 2018 M3 using my FTMO profits - so this video is cap!!
Wow what challenges did you pass ?
Totally wrong information. Prop firms make their money copy trading the successful trader’s accounts. That’s why they are able to offer 100% profit splits to some traders instead of 90/10 or 80/20.
I hate it when a simp is trying to explain things they don't understand
huh
@@lincolnneilsenhes wrong
They profitable more from blowing accounts but doesn’t mean they don’t give me my salary🙂
Then why they do the profit splits
The professionals will be consistently growing the equity and someone who doesn't know what they're doing will fail.
That's the simplest way to express my opinion, so good luck traders!
Bro, you make a lot of sense. It's imperative to know how these people work 😊
Prop firms and brokers literally say it themselves: 90% of the traders lose their money within 90 days of their journey
😢😢 Good thing I don't listen to random people on RUclips because I really don't know these people in real life like he could be a sociopath crazy killer person that gets a kick out of letting people down.... Big Facts 💯😎
Hope you touch on the good prop firms can do if utilised properly
They also getting 20 percent of what we make with their account how they loose by giving us
you don't actually make anything with their 'account'
you're on a demo, always.
the trades you think you're winning are paper trades- they pay you your 'winnings' from their own pocket.
the 20% is just the portion of their money, that they get to keep, sold to you as a 'profit split'
@@asdfbeau no you are half wrong you are talking about only low level firms but there are some big firms too like funded next TFT and many more they have given 100m+ in payouts till now and if you will count their number like the number of ppl that bought the challenge and add all the amount they get from them and the payout they have given they have given more in payout than what they've got in from failed challanges and yes they also know that most of the traders going to fail the account but still there r lot of big firms who does genuine work
But I have mad 217k in the last 5 months. And I have got my 80% already . I don’t see any problem
Which prop firm you use?
Means thats you are in the 0.28% 😅
Can I ask, can you withdraw monthly on prop firms??
How does payouts work...do you get monthly salary?
Can money from failed challenges even be able to cover up for passed ones payout??
Some prop are real, not all ends up like MFF
7/10000 accounts reach first payout. The business is good.
now do success rates for traders with $100-$500 live accounts.
It’s more than one prop firm out here. Find one that pays out
That gives solvency to the business. If many win, companies would go bankrupt. It better be that way.
Dude made $80 and multiple other people make $22 but received no money from FTMO. What's going on
Whether you trade a real , demo , small , large account. What makes a successful trader is consistent profit. So if you either lose a companies, your own personal account or a prop firm account it dont make a difference on your trading. The result is still the same.
Of course, they give you a demo account. After you pass your challenge, then your demo account is linked into their real account so you ( they ) can make money...
Attaching even passed challenge accounts to real accounts would require tons of capital and be a very risky business model. I highly doubt trades are being copied into real accounts except for the most consistent traders that have been with firms for years
www.cftc.gov/PressRoom/PressReleases/8771-23
Yeah that’s how it works
@@lincolnneilsenwhat makes you highly doubt that? It’s written in their contract wouldn’t it be illegal? If they didn’t actually follow up with their business model for all traders?
@@stargazer2258 www.cftc.gov/PressRoom/PressReleases/8771-23 Yep turns out it was illegal
I made consistent profits with MFF. I make consistent profits with FTMO. I make consistent profits with TFF. I have recently been paid by TFT. I'm doing challenges with other companies at the time of this comment. I have been making money from prop firms for over 2 years. Stop being a chump and learn how to trade instead of looking for reasons why you can't win. I don't give a shit if they're demo accounts as long as I get paid. That is the whole reason for diversification. You guys all get too invested in what the firms are doing instead of just trading and getting paid. If the firm goes under, then I move on. Big deal. If you don't like this model, start yourself a $100k account with your own money........if you can.
Ur wrong, its called A booking, if traders are consistent their trades will be copied and at a higher lot size. Shush
that's a lie, your trades are not copied
if you are proven to be profitable for a while at some point they will copy your trades, it's common sense, but of course they wont do this from the start@@maxnator
It's very unlikely your trades are copied. MAYBE a very select few at small size. The profit would be nothing in comparison to the money coming in from failed accounts.
None of these ppl on RUclips work for a prop firm. You can listen to how he talks and you can tell he’s just regurgitating something he read somebody else. But at the end of the day I’ve been getting paid out from FTMO since 2019.
well well well, who was right? I told yall that your trades are not copied. My forex funds proved me right
So what. If you can profit and make money from them thats al thats matter
Glincyber, your approach and jobtelling is GENIUS and you're establishing yourself as a one of a kind communicator that I believe few have ever seen on this platform. And I think you definitely succeeded in making sense of it to the world! Keep up the good work my friend.
You wrong, prop firm now gives demo account to their trader monitor and copy the successful ones this model allow them to protect their money win-win situation
So you’re telling me that it costs FTMO money when the trader makes them money? That’s nonsense. If I made FTMO £100,000 I would receive what £70k, Atleast it used to be 70% and I make them £30k. How is that costing them anything? If I were a losing trader and I blow the 5-10% account SL. Fair enough.
Excellent advice, and some of these firms want thousands for their trials.
Its true you will feel it when you dont receive daily reports and you will see your indicator starting to move against you
Oh wow this is such breaking news! None of us knew this already! wow thank you so much! wow you are an amazing journalist wow that's some REAL investigating you've done
Aged like a fine wine and a lady in a red dress
Hats off to you bra
I trade for ftmo and have been making a living income with a $50k account. What aged like fine wine ? 😂😂🤡
its not their fault you lose. but they surely help people by providing opportunities to those who think the only thing they lack is captial.
As a stock trader, I use my Trade The Pool stock prop firm account to control my risk.
They dont copy your trades..... the play the oposite postion with higher lots size witch blows out your money and they keep it
is there any way to check if they are copying your trades because I doubt they are copying everyones trades,probably only the best.
I don't understand. I failed 3 times and was successful 7 times. All 7 times i got my registration money refunded. I lost 3 of the 7 accounts due to violations, but I been trading 2x 100k (ftmo and ft+) and 2x 50k accounts for some time now, so believe what u want.
Which prop firms do you use
funded trader plus@@trippyriccy
MFF is one of 2 or 3 that puts traders in real environment, the rest (including FTMO) only use demo environment.
www.cftc.gov/PressRoom/PressReleases/8771-23
"3.Traders Global is a fraud. In reality, Traders Global-not a thirdparty “liquidity provider”-is the counterparty to substantially all customer trades. Traders Global does not, therefore, make money when customers make money.
Traders Global loses money when customers make money."
Hello everyone, everything good? I really want to take the test. But I want to know how you pay your income tax. How many percent do you pay in your country and if you pay anything to the government besides Income Tax on the earnings from the proprietary table
Don't use the forex funder - they don't payout been waiting after a month and they got back saying I opened hard breach 2 days into account. Even though news dropped on 1.30pm , their calendar is set to EST GMT+3.00, which meant my trades supposedly opened during news? LOL😅
but they said it from the very beginning " they only give demo account " in there introduction videos years ago 🤷♂️, tho i still subjectively think they are all scams regardless
Watch my full video explaining this business model here➡️ ruclips.net/video/VMkTGqhw3nE/видео.html
UPDATE (Sept 2023): www.cftc.gov/PressRoom/PressReleases/8771-23
If you know what your doing you don't blow your account
How do profitable trades cost the firm money, how?
Can I ask, can you withdraw monthly on prop firms from profits?
Then i just get my own account and make these brokers bankrupt
It doesnt matter , as long as u are a professional trader you will get ur fortune . It doesnt matter how ftmo making theirs
How do company give out demo account. But still make money through client loss?
Or do you guys withdraw from demo accts now?🤔
Of course the payouts are real, but the money generated for these payouts is demo challenge costs, not your actual profit in the market.
1 In 50 pass the challenges… they cost like 30 bucks idk what your on
This guy don't know what he talking about. Propfirms take out strategy and they use in their million dollar account that's how they making money.
Sure that's a possibility. But I'd argue that's a very small % of revenue when compared to lost account challenge fees. ftmo.com/en/how-ftmo-works/
@@lincolnneilsen dude they're giving millions of dollar as payouts. Just do the math. If 10,000 accounts were purchased majority of them is 5k or 10k account. They can't give payouts with that and don't forget it's a firm they need operational cost there a lots of employees in a propfirms work
@@lincolnneilsen we are allowing them to use our strategy when we are purchasing a account. That's not fraud that's how propfirms worl
Prop firms make money either way if you win and get good trades they take a profit split🙄
this aged well!
Lol
I’m that 0.28 guy.
Bro oh my god I remember watching all your scooter content
How do this young guy know?
My funded trader really gived the money 😅 it was harsh but over 2 live accounts 300k and I vr gotten my money on deal
Don’t listen to this guy prop firms are actually really helpful, they help become a better trading managing risks
Its great being in the 0.28%
Good work bro 💪
I don't trust a guy who has a last name as a first name. 🤣
50% off this is completely false, please do more research
What's false?
I receive my payouts so I don't give a shit.
I’m getting payouts
Does it cost money to attempt a funded account?
Yes
True
if you don’t trade just say that 😭
Okay so what is a legitimate propfirm?
This isn't true for every firm.
Bruh I made 28k trough FTMO haha
Woah - was this gross or after FTMO cut? How long did it take to make this number and were you able to get your money without any problems??
@@bilalraza319 can i show you all my payouts for the last 14 months? As he said as long as I received my payouts, idc 😉
@@bilalraza319idc, trader wasted money in challenge because they’re not ready, because of those people failing I received my payouts😊
@@bilalraza319.
So just leave out in your video that prop firms copy trade successful traders? If you’re gonna tell a story tell the whole accurate one
Any genuine pro firm?
And when the "Shark Traders" comes with the big payouts. They'll pick and choose which one to boot off and not pay 😂😂😂😂
Exactly man -because they dont need or want profitable traders making big profits - theres no benefit to them - so they can boot you off, or give you a ton of slippage or simply cite violations
very good insight
That's why forex is fucking scammm
Tell me how much money you lost in this game and I tell you if you have the right to keep talking😂
Is this to discourage or encourage 🤔thanks for sharing
Just to caution that with many of these firms there is a conflict of interest.
As long as you get money does I matter ?
But fixfy and firm like that give real funds
I highly doubt it
@@lincolnneilsen why doubt they said it themselves firms need to tell do they give real funds or simulated funds but they are saying it's real fund
You’re completely misleading and click baiting for us to watch the video. Guys if you’re new, don’t listen to this guy. You in fact do get payouts if you’re already a good trader. Focus on your trading then do props.
he say the future very early
wow i am so confused which is better or best 😭 actually i want to try funded account
Funded account is something that is too good to be true. It's a Ponzi scheme and I strongly advise against it.
so you are saying it's about the traders not about the prop they actualy pay but you need to be a good trader
Correct
Why Tim Sykes?😂
False,.. MFF does, but FTMO not fraud
ftmo.com/en/faq/what-is-trading-according-to-a-real-market/
Not all bro
If you have to pay for a challenge, it’s extremely likely you’re trading with demo funds
Doesn’t matter if it’s demo money as long as they payout
Ofcourse it does man - Since they dont actually trade live - they dont need or want profitable traders taking big payouts from them - so they're gonna make it as hard as possible to prevent that from happening
Take your 5 percent every month and relax
only 0.28% of people know how to perform heart surgery. its possible to do.
Very time I received my payout on time... U r telling wrong
Due to the very high fail rate, it can still be a profitable business using the income from failed challenges to pay profitable traders
Scammers everywhere
Now MFF 😢😢😢😢
90% traders are losers
Not true
www.cftc.gov/PressRoom/PressReleases/8771-23
There are legitimate prop firms that let you move to live after completing the challenges. lol, stop spreading bs. As a 22 year old trader myself being funded was the first step to freedom I achieved, don't knock it till you try it beast
Which firms? "Live" is usually just a label, doesn't mean you're trading with real money.