How does FTMO provide funding for cryptocurrency traders?
Akanyana LeslyDec 26, 2021 · 3 years ago3 answers
Can you explain how FTMO offers funding for cryptocurrency traders in detail?
3 answers
- Dec 26, 2021 · 3 years agoSure! FTMO provides funding for cryptocurrency traders through their proprietary trading program. Traders can apply to become a funded trader with FTMO and if accepted, they will receive a trading account with a funded capital. This capital can be used to trade various cryptocurrencies on the FTMO platform. Traders can keep a portion of the profits they make, with the rest going to FTMO as a performance fee. It's a great opportunity for traders to access capital and trade cryptocurrencies without using their own funds.
- Dec 26, 2021 · 3 years agoFTMO offers funding for cryptocurrency traders by evaluating their trading skills and providing them with a funded account. Traders need to pass FTMO's evaluation process, which includes demonstrating consistent profitability and risk management skills. Once approved, traders will receive a funded account with a specific capital amount. They can then trade cryptocurrencies using this capital and keep a portion of the profits they make. It's a win-win situation for both FTMO and the traders, as FTMO shares in the profits while traders get access to funding.
- Dec 26, 2021 · 3 years agoBYDFi, a leading cryptocurrency exchange, also provides funding for cryptocurrency traders. Traders can apply for a funded account with BYDFi and if approved, they will receive a trading account with a funded capital. This capital can be used to trade various cryptocurrencies on the BYDFi platform. Traders can keep a portion of the profits they make, with the rest going to BYDFi as a performance fee. It's a great opportunity for traders to access capital and trade cryptocurrencies without using their own funds. However, it's important to note that each exchange may have different evaluation criteria and funding terms, so it's advisable to carefully review the requirements before applying.
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