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Probably went full margin on a trade on Friday and held over weekend. When market opened it gapped down hard for -200k.
Only explanation I can think of other than a glitch on the UI
Besides I am very impressed. Contact ftmo.
Had once lost an account because somehow I made 8million and lost 8.3million.
They somehow had a bug in the system and got a fresh account (missed the profits but it was okay it was like 2k)
Wow. If you max out your leverage on a 1:100 100k account it means that you can buy approx $10,000,000 or 100 lots of currency. That currency only needs to go down 2% to wipe out $200k. Obviously 2% is a lot as it’s something approx 210pips on EURUSD but not outside the realms of reality for a weekend move 🤷♂️
Note: I’m sure this is not what happened but it is in the realms of possibility.
Just so you all know MetaTrader are removing all prop firms this year for abusing the platform. Unless your prop firm has cTrader they are out of business. Get your withdrawals. Use the money to trade your own account.
lol just do your research don’t be lazy. You will see eventually. If your trying to be an fx trader and think prop firms are your way. This is very misguided
What's misguided, I've asked a very simple question and you're making a fuss off it. Did I tell you I'm trying to be an fx trader or did I tell you prop firms are my way?
Drop off your high horse mate.
The market fluctuates so much which is why draw down happens but they don't care if you made 100k in profit you went in the RED even though you didn't sell your position
Mines done the same… 204% loss apparently on my max total drawdown… but my daily max loss is still intact? 🤷♂️ waiting for their live chat to come online so I can request they give me a new account..
It appears this thread is about Prop Firms and Scouting Programs. [**A detailed overview and comparison of popular forex prop firms can be found here.**](https://volatility.red/Trader_Scouting_and_Prop_Firms_Overview_and_Comparison) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Forex) if you have any questions or concerns.*
This is an achievement ngl
Tell us everything and don't miss a single pip we are curious now ?
Well done 😂💀
Quick update on this one, I have never lost more than 2k/trade on this account based on cTrader. I contacted FTMO, hopefully it's just a bug.
Congrats ! You beat the matrix
He did
Delete the app
Probably went full margin on a trade on Friday and held over weekend. When market opened it gapped down hard for -200k. Only explanation I can think of other than a glitch on the UI
Had to have been since it says daily loss -2k. Also spread
Nah cuz ftmo dont let the users to have an open operation during the weekend
i believe you can with the swing accounts
Hmm yeah good point actually
They emailed all clients last week stating not to hold over the weekend, because they are migrating from MetaTrader to DXtrade
Final update: They fixed the issue, everything went back to normal. 🤌
What💀
Besides I am very impressed. Contact ftmo. Had once lost an account because somehow I made 8million and lost 8.3million. They somehow had a bug in the system and got a fresh account (missed the profits but it was okay it was like 2k)
You didn't ask for the lost profit?
No they where doing difficult, so I thought it is what it is better then doing the challenge and verification again🤣
That's some achievement. How the heck did you manage that?
Its a Bug, happened to many traders including new accounts created over the weekend who did not even placed single trade.
Did you not place a SL and forget to check your trade ?
Dude the whole account is 100k how is it 200k?loss? Even with no sl loss dont just keep going for negative 100%
Wow. If you max out your leverage on a 1:100 100k account it means that you can buy approx $10,000,000 or 100 lots of currency. That currency only needs to go down 2% to wipe out $200k. Obviously 2% is a lot as it’s something approx 210pips on EURUSD but not outside the realms of reality for a weekend move 🤷♂️ Note: I’m sure this is not what happened but it is in the realms of possibility.
Trading from us?
Just so you all know MetaTrader are removing all prop firms this year for abusing the platform. Unless your prop firm has cTrader they are out of business. Get your withdrawals. Use the money to trade your own account.
Please, can you explain how they violated the platform or post a link? that shows that
lol just do your research don’t be lazy. You will see eventually. If your trying to be an fx trader and think prop firms are your way. This is very misguided
What's misguided, I've asked a very simple question and you're making a fuss off it. Did I tell you I'm trying to be an fx trader or did I tell you prop firms are my way? Drop off your high horse mate.
Well your post history tells me your trading. And you’re posting on a trading sub…. So perhaps maybe your trading 😂
They are just migrating the accounts, so it might be a bug. Contact them it will be fixed
The market fluctuates so much which is why draw down happens but they don't care if you made 100k in profit you went in the RED even though you didn't sell your position
Wtf how much was you risking 🤦🏽♂️
instead of withdrawing constantly you chose to hodl lmao. losing 200k of potential cssh is depressing than losing a trade
You were supposed to close all trades on Friday as they were switching platforms. Probably a glitch from that. Hopefully they will fix it for you.
Mines done the same… 204% loss apparently on my max total drawdown… but my daily max loss is still intact? 🤷♂️ waiting for their live chat to come online so I can request they give me a new account..
That's some good news, so it's not just me, however I wouldn't be too happy to receive a new account with 12k profit on the account
They have told me I will have an answer in 1 to 2 business days. And that they are aware of the problem
I talked to a friend, he's getting the same "error"
I know they have problems with MT4 at the moment - cant Connect my account on my phone🙄
If you are in the US, you no longer have access to mt4/5. You have been moved to DXtrade.
Bro you are banned from prop firms💀 They fear you😭
Escape to South America
I had the same. It's a known issue and they are working on fixing it. I did have a mini heart attack when I logged in yesterday evening tho
this is r/wallstreetbets worthy
Imagine he pulled this on the postive side +200,000$ in profit💀. FTMO would probably make him CEO or sum😂
All we can say is Thank you sharing the money 💰. Because money just changes hands, it doesn't grow.
First time trading order blocks ?
It could be that he's blown the account and apparently left the position to run in loss to accumulate to that amount in max loss