FTMO - bans US traders

trade2020

trade2020

https://ftmo.com/en/faq/who-can-joi...e case of the,persons, who are company trusts.



USA update – January 2024:

Since the establishment of our company, our goal has been to provide top-quality services for our clients. Unfortunately, at present, we are not able to do that in the United States due to specific conditions in the market segment there. Therefore, we have decided to suspend the purchase of the FTMO Challenge for our new and existing US clients (nationals),
 
Their About should start by saying that FTMO is a Prop Trading firm.
Instead it starts with a boring company history, and you still don't know what the company is about... :-)
 
I really don't understand this "prop firm" thing (outside of actual prop trading desks). What's wrong with working a job, saving your money and trading with a small stake to begin with? Every time you look up, there's a problem with these so-called prop firms. They're either being shut down, being barred from doing business in certain jurisdictions or accused of not paying winning traders.
 
Money Trust said:
I really don't understand this "prop firm" thing (outside of actual prop trading desks). What's wrong with working a job, saving your money and trading with a small stake to begin with? Every time you look up, there's a problem with these so-called prop firms. They're either being shut down, being barred from doing business in certain jurisdictions or accused of not paying winning traders.
More...

PROP firms are a rip off. A couple years ago there may have been some that were actually looking for talented and dedicated traders, but now the business model is - have these poor shleps sign up and pay the fee. - set unrealistic and impossible qualifications for " winning the challenge." - keep the poor SOBs money, repeat as often as possible.
 
IslandTim said:
PROP firms are a rip off. A couple years ago there may have been some that were actually looking for talented and dedicated traders, but now the business model is - have these poor shleps sign up and pay the fee. - set unrealistic and impossible qualifications for " winning the challenge." - keep the poor SOBs money, repeat as often as possible.
More...
I've been hearing a lot of people repeat that same thing — that it's about collecting the challenge fee. From what I've heard, these firms aren't offering them real money to trade...or something like that.
 
Money Trust said:
I've been hearing a lot of people repeat that same thing — that it's about collecting the challenge fee. From what I've heard, these firms aren't offering them real money to trade...or something like that.
More...

Some do, some don't.
 
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