Copy Mark Validated with airSlate SignNow

Copy mark validated

what's up traders my name is frank welcome to havoc trading in this video we're going to take a look at funding talents challenge now i was about to do a video on bluefx but one of the people in the comments section of one of my videos was talking about how funding talent was implementing a challenge model so i took a look at it and it just absolutely blew my mind you can see already in the first slide of my presentation that i'm crossing out ftmo guys that is because funding talents challenge is going to completely obliterate ftmo ftmo is going to have to respond to this you guys if you haven't seen it it's going to blow your mind just like it blew my mind now before i get into the details please do me a favor smash that like button for the youtube algorithm i really appreciate it when you guys do that really helps the channel out but without further ado let's just get right into this now funding talent did a one hour live stream where they were introducing this model they opened it up for 100 people they said that what they wanted to do was perfect it for that 100 people and then they were going to be rolling out a new website and this new model at the time the website is coming out so they sold it out to 100 people it's still available to their current traders but it is not available to the public yet but i thought this news was so fantastic that we had to take a look at it so just getting right into it i'm comparing ftmo to funding talent challenge and you can kind of see the account sizes we all know ftmo so i'm going to focus really on the funding talent so funding talent you're going to have a 25k or a 100k account that's pretty normal now they talked about the challenge fees in the stream and the 25k account was 155 and the 100k account was 610. now what she did say in the video was that these fees were only an introductory price so it was for that first 100 people the prices will be going up and she said it was because to keep up with the competition which totally makes sense now they're most likely going to be in line with ftmo prices i do have to make a concession here i use the same prices for ftmo as i did in one of the previous videos i did so these prices right here are not exact as to the exchange rate as it currently is right now but it's just to give you an idea so fee refund you're going to get that with funding talent like you do with ftmo profit target guys is gonna be eight percent and four percent that's for phase one and phase two of the challenge just like ftmo so you have a two percent reduction off the first stage you have a one percent reduction off of the second stage that is a twenty percent reduction that is absolutely huge that is game changing and that is one of the reasons precisely why i'm saying finding talent is going to knock ftmo out of the water now the max time 30 days now i put 30 days it's 30 days for the first phase 60 days for the second you guys know the rules same as ftmo trading days exact same 10 days per month for each of them no negative day restriction and the challenge is going to start on the first trade for ftmo we all know that funding talent did say that it will be starting the moment you get your credentials unless you tell them otherwise so if you want to wait you don't want to start immediately the time you sign up you just have to let them know and it sounds like they're going to accommodate you when you want to flip that switch and turn it on but it's not going to happen like ftml when you make that first trade so just keep that in mind now as far as the rules regarding the challenge news trading yes that is allowed trading outside of market hours meaning can you hold trades while the market is closed yes you want to hold trades over the weekend you can do that with funding talent these are two of the biggest things that make me dislike ftmo these are not issues of concern with funding talent at all now when it comes to payout funding talent is eighty percent guys eighty percent opposed to ft most seventy percent they are blowing ftmo out of the water and they are industry tops at this moment no lot size limit products are basically the same forex and cfds eas now we know you can trade eas with ftmo they don't really have rules on that funding talent does have rules against eas they don't want you to trade strategy type eas but you can copy your trades to other accounts that you own not to accounts that are other traders in funding talent and if you're using an ea for risk management that's all good when it comes to challenge retakes we all know ftmo gives you unlimited challenge retakes funding talent is only going to give you one so if you get your challenge retake and you don't pass you're kind of out with that model however they do say they will let you enter into one of the other models so the standard model or the aggressive model which is a nice consolation it means that the money that you just paid doesn't completely go to waste if you don't pass that challenge you can go right into the standard model or aggressive if you want i think that's actually a nice consolation prize if you fail means that your money can go towards something now the platforms ftmo we know they give you mt4 mt5 and ctrader now as of right now funding talent gives you mt4 they did say in the video that mt5 is coming soon now the leverage 1-100 on ftmo we all know that funding talent they did mention at the time that the live account was 1 to 25 but she did say that it would be 1 to 100 very very soon within 2 weeks and this video was actually 2 weeks ago so i would assume that by the time this comes out to the public the live account will be trading with a 1 100 leverage now when we want to start talking about the scaling of the account this is where funding talent again they're just going to knock ftmo out of the water we all know that the review time with ftmo is four months funding talent is three months so every quarter average monthly profit with ftmo is two and a half percent with funding talent it's two percent a month risk parameters ftmo we all know it says half of those months so two out of four months you need to be profitable funding talent is saying you have to be profitable two out of three months so instead of 50 it's two-thirds 66 but i think that's more than acceptable makes perfect sense now if you hit those parameters they're going to increase your account by 25 so funding talent is essentially copying ftmo now when it comes to the amount they're going to increase we all know ftmo is going to increase you 25 of the base they did say it was 25 as far as funding talent is concerned no one asked the question during the live stream on whether or not it was 25 of the base or 25 of what you have in the account i did not reach out to them to ask that question honestly it really didn't concern me all that much it would be better if they did what was in the account but i could see them doing the base account to match ftmo i didn't really think this detail was all that important so like i said i didn't ask max capital per trader i put just a blank for each of those as long as you can keep trading they're going to keep scaling and funding talent said the same thing now compounding this is interesting because with ftmo we know that they are going to take their cut at the end of every month even if you leave your own money your own profits in the account every month funding talent is completely different they said that they would allow you to compound your money and they're not going to take their profit cut unless you take yours that is groundbreaking that means that you can continually leave that money in the account continue to compound it as much as you want funding talent is not going to take anything until you take yours using that money that profit to continue to build the account that's just mind-blowing making the scaling plan not only is it quicker but it's also going to allow you to scale better because you can keep more money in the account to continue to scale withdrawals funding talent is going to continue to do a bi-weekly payout they've already been doing that there's evidence of that all over youtube all over the internet we all know that they pay and that they pay bi-weekly so just getting to the end here the pros and cons there are some cons but they're really really small the pros much lower challenge profit targets same drawdown eight percent and four percent versus ftmo's ten and five this is a twenty percent reduction doesn't sound like a lot but it's so huge it really is news and weekend restrictions that is gone with funding talent eighty percent profit split compared to the seventy percent eighty percent is industry tops you are rarely going to see anything higher than that funding talent just blown out of the water doing a great job of giving traders what they want to see when it comes to the profit split the bi-weekly payout not a big deal to me i think monthly is fine but you know getting access to your money quicker is definitely better so i put that as a pro now the cons the challenge starts immediately unless you inform them otherwise so if you don't know this it's something you want to keep in mind if you don't want to start right away if you're buying the challenge for example on a friday afternoon and you don't want to lose that day you just have to let them know but you want to keep that in mind so no eas so i have seen videos of ftmo traders that use eas that they've used in the past the challenge and they use it to trade ftmo accounts funding talent does say they do not want eas unless it's for copying trades for example to other accounts that you own or to manage risk so very important understand if you trade eas all this goodness isn't going to be for you when it comes to challenge retakes funding talent is only going to give you one challenge or you take so this is a little bit different than ftmo we know ftmo is going to allow you to continue to take retakes as long as you're profitable and you haven't hit the draw down maximums a funding talent's only going to give you one so you have to keep that in mind but again they are giving you eight percent instead of a 10 profit target so it kind of makes sense i don't think it's that big of a deal but it definitely is something that you need to keep in mind and if it does mean a big thing to you there is no c trader and no mt5 yet so anyway guys all this stuff this is why i think funding talent challenge model when it comes out and it should be coming out in the next say month month and a half but this just really i don't know let me know what you guys think in the comments i think this is going to blow ftmo out of the water i think it's going to force ftmo to have to change their model a little bit to compete with this because i think people are going to flock to funding talent they're going to get so much business from this there just aren't enough things and enough benefits to go to ftmo at this point once this model comes out funding talent is going to own the market ftmo will have to make a change again let me know you guys think in the comments this is super exciting fantastic thanks a lot for watching guys happy trading to you and see you next time bye-bye