Review
FTMO
"FTMO: Empowering Traders with Funding and Support for Financial Success"
"Join Us as a Forex Trader: Trade Our Capital, Earn up to 90% Profits, and Let Us Cover the Losses"
Review
FTMO stands as a distinguished proprietary trading firm, earning acclaim from a wide community of seasoned traders. Our funding initiative empowers traders to initiate their activities with significant capital, offering access to up to $400,000 and a leverage of 1:100. Notably, traders are entitled to retain a substantial portion of their generated profits, with the opportunity to keep up to 90% of their earnings.
The impressive track record of FTMO speaks volumes about its success and credibility in the industry. Having distributed over $130 million in profits to traders from over 180 countries, FTMO’s impact and global reach are truly remarkable. This substantial payout underscores the firm’s commitment to facilitating the financial success of its traders and its proven ability to deliver tangible results.
Backed by a strong reputation and a proven track record, FTMO continues to attract seasoned traders who value its exceptional services and opportunities. The firm’s funding program, combined with its global presence and substantial profit retention policy, solidifies its position as a premier choice for traders seeking a reliable and rewarding trading environment.
Who are FTMO
FTMO stands out as a distinguished proprietary trading firm that extends funding opportunities to aspiring traders upon successful completion of a stringent evaluation process. Headquartered in the Czech Republic, the firm’s primary focus lies in the Forex market, with additional involvement in commodities, cryptocurrencies, and indices.
FTMO’s evaluation process comprises two pivotal stages: the FTMO Challenge and the Verification stage, strategically designed to assess traders’ consistent profitability and adherence to specific rules and risk management criteria. Successful completion of both stages bestows the prestigious title of FTMO-funded trader, accompanied by a funded trading account of up to $400,000 ($2M with a scaling plan).
Becoming an FTMO-funded trader entails notable benefits, including the elimination of personal capital risk, substantial profit percentages of up to 70% or more, and robust support through educational resources, trading tools, and a collaborative community. Furthermore, as traders demonstrate consistent success, FTMO offers scaling opportunities by potentially increasing the managed capital, thereby enhancing profit potential.
FTMO’s business model thrives on the success of its funded traders, fostering a mutually beneficial relationship between the company and traders. Founded in 2014, the company originated from the collaboration of three traders and underwent significant growth and rebranding to FTMO in 2017, establishing itself as a prominent and industry-leading proprietary trading firm.
Mission:
FTMO’s mission involves continuous project expansion, transforming into an international investment company. This transformation aims to create a global platform where retail traders trade on behalf of the company, offering investors the opportunity to invest in a portfolio of chosen traders for an unprecedented investment opportunity. Together, they aspire to build a worldwide community of successful retail traders and set new standards in the global market through an innovative investment portfolio.
Location:
Situated in the heart of Prague’s historic center, FTMO’s headquarters occupies the top floor of the modern Quadrio offices. Offering convenient access to a shopping mall via an elevator, the rooftop features a spacious terrace with breathtaking views of Prague. Located between Wenceslas Square and the National Theatre, the offices are easily accessible by public transportation, with a metro station directly beneath the building and a tram station in front.
Facilities:
FTMO’s offices are equipped with convenient amenities, including phone booths, meeting rooms with glass walls, stocked refrigerators, and a kitchen with assorted snacks. The recording studio brings digital creations to life, and the poker room serves as a gathering place for enjoyable Friday evenings.
Team:
FTMO values and nurtures talent within its team of highly dedicated professionals, fostering individual growth and collective expertise. Comprising experts in their respective fields, the team is committed to comprehensive customer care, establishing an analytical trading environment, and delivering top-notch education. Trading is not just a profession at FTMO; it is a passion that drives success.
Funding Options
FTMO has instituted a unique two-phase Evaluation Course aimed at discerning and fostering trading aptitude. This comprehensive Evaluation Process encompasses the FTMO Challenge and Verification, meticulously structured to gauge traders’ potential.
Upon the successful conclusion of the Evaluation Course, traders are afforded the opportunity to join the esteemed FTMO Proprietary Trading firm. Under this arrangement, individuals can remotely oversee an FTMO Account with a substantial balance of up to 400,000 USD. While navigating the challenges en route to this milestone, we provide an array of educational resources, account analysis tools, and performance coaching to bolster traders on their path to financial independence.
The challenge
The FTMO Challenge marks the initial stage of our comprehensive evaluation process, gauging a trader’s proficiency, discipline, and capacity to fulfill specific trading objectives. Over a 30-day period, participants are required to meet the following criteria:
- Achieve the profit target set by FTMO, based on the selected account size.
- Complete a minimum of 4 trading days.
- Adhere to the designated maximum daily loss limit.
- Comply with the stipulated maximum overall loss limit. Traders can choose from various account sizes, each associated with its respective initial fee, profit target, and loss limits. It is crucial to select an account size that aligns with one’s individual trading style and risk tolerance.
The verification
Following the successful fulfillment of the FTMO Challenge, traders advance to the Verification stage—a critical phase designed to authenticate their trading prowess and ability to uphold discipline over an extended duration. Spanning 60 days, this process mandates the attainment of a predefined profit target, engagement in a minimum of four trading days, adherence to the stipulated daily loss limit, and conformity to the designated overall loss limit. The Verification stage stands as a conclusive evaluation of a trader’s competence, guaranteeing a track record of consistent and profitable performance.
FTMO Traders
Upon successful completion of the Verification stage, traders are offered the opportunity to assume the role of FTMO Traders. In this capacity, they remotely manage an FTMO Account with a balance of up to $400,000, adhering to predefined trading objectives set by FTMO. Responsibilities include consistent and responsible trading practices.
FTMO Traders are eligible to receive up to 90% of the profits generated from their trading activities. A record of consistent profitability may lead to the scaling of their accounts in accordance with FTMO’s Scaling Plan, allowing for the management of larger capital sums.
The Scaling Plan outlines the principles governing account increments, emphasizing that acquiring an FTMO Account marks the beginning rather than the conclusion of the trader’s collaboration with our project. A higher account balance enables traders to scale positions without assuming greater risks, aligning with our shared objective of success.
Capital increments for the FTMO Account occur in four-month cycles, contingent on traders generating a minimum of 10% net profit (20% for Aggressive account types) over four consecutive monthly cycles. Simultaneously, traders must process at least two payouts within four months, maintaining an account balance above the initial balance at the time of scaling up.
Eligibility is automatically assessed, with FTMO Traders receiving progress and requirement breakdowns with each Profit Split. If requirements are met, traders can express their desire for account scaling during payout processing, leading to the assignment of an appropriately scaled-up FTMO Account for subsequent trading periods.
Loss limit calculations are adjusted accordingly post-scaling, while the 5% maximum daily loss and 10% maximum loss of the initial account balance remain unchanged. After an additional four months, if traders fulfill account growth conditions and process the required payouts, they become eligible for a further 25% increase in demo capital.
Traders on the scale-up plan benefit from an upgraded Profit Split ratio of 90/10, applicable to newly scaled-up accounts. However, if merging a non-scaled-up account with a scaled-up account, the Profit Split ratio will be adjusted to 80/20.
The presented table illustrates account balance and risk parameter development on the FTMO Account in a scenario where the trader successfully passes the Evaluation Process with an initial account balance of $400,000.
In the best-case scenario, after approximately one year and four months, the trader’s FTMO Account will possess double the balance and double the loss limits, incentivizing consistent trading with a long-term perspective. It is essential to note that high returns are not guaranteed, and trading inherently involves risks.
What makes FTMO different
Leveraging our profound comprehension of the trading industry, we have meticulously crafted and optimized proprietary trading conditions to best serve our esteemed clientele. Our primary focus is on ensuring our traders successfully navigate the Evaluation Process with the highest probability of success, recognizing that their prosperity directly contributes to our own. Consequently, we provide unwavering support by granting traders unrestricted freedom in their trading decisions, coupled with unparalleled account conditions and industry-leading leverage.
Key Benefits of Trading with Us:
- Trade with confidence: Utilize our capital to eliminate concerns about personal savings, fostering a mutually beneficial relationship based on your achievements and disciplined trading practices.
- FTMO Challenge instills discipline: Our risk management rules are designed to cultivate trader discipline by establishing clear Trading Objectives.
- Overcome small account limitations: Managing a larger account size provides a more favorable environment for advanced trade management, alleviating psychological challenges associated with smaller accounts.
- Applications for enhanced results: Actively support trader performance with unique analytical tools and personalized feedback through systematic evaluations of each trading account.
- Suitable for all: Catering to a diverse range of traders, we accommodate both conservative and aggressive approaches. Choose from Swing, Normal, or Aggressive account types aligned with your trading style.
In conclusion, our comprehensive industry understanding and unwavering commitment to trader success position us as a distinguished choice for those seeking optimal trading conditions and growth opportunities.
Is getting capital realistic and broker
FTMO utilizes the widely used MT4, MT5, and cTrader brokers. However, US citizens or permanent residents are unable to select the cTrader platform in the FTMO Challenge, in accordance with regulatory requirements. Nonetheless, alternative platforms remain available for participation in the FTMO Challenge.
Trading Instruments:
At FTMO, we fully support and respect your chosen trading style. There are no constraints on trading strategies, whether discretionary, hedging, algorithmic, or utilizing Expert Advisors (EAs), as long as they adhere to legitimate practices and accurately reflect real market conditions for replication on our live corporate accounts. You have the freedom to trade any instruments or position sizes on your trading platform, including Forex, Indices, Commodities, Stocks, and Crypto. Please refer to the provided link for available symbols. Our primary goal is to witness your profitability within the boundaries of our rules.
If using third-party EAs, be aware that other traders may be employing the same EA and strategy, posing a risk of exceeding the maximum capital allocation rule and potential denial of an FTMO Account. Our platform servers have limitations, allowing a maximum of 200 orders and 2000 positions per day, with restrictions on server message acceptance for orders and modifications. Excessive activity may require adjustments to EA logic or strategy parameters.
Differentiating serious trading from gambling practices is crucial. Intentional activities or recurring Modus Operandi across multiple accounts may lead to actions such as removing conflicting positions, rebalancing the account, reducing leverage, or terminating the account.
Trading Objectives:
Traders can choose between two account types: Standard and Aggressive, each with criteria for maximum daily loss and minimum equity. The Standard Account has a maximum daily loss of 5% and a minimum equity requirement of 10%, while the Aggressive Account has a maximum daily loss of 10% and a minimum equity requirement of 20%. Traders participate in capital increments over four-month cycles, requiring a minimum net profit of 10% (or 20% for Aggressive accounts) over four consecutive months and at least two payouts.
Scaling Plan participants are entitled to a profit split ratio of 90/10 for newly scaled-up accounts, with a maximum limit of $2 million per trader ($1 million for Aggressive accounts).
Payment Proof:
The default Profit Split on the FTMO Account operates monthly, with the option for on-demand payouts after 14 days from the first trade. Traders can choose the Profit Split Day, which can be changed up to three times for each withdrawal. Payouts are processed within 1-2 business days upon confirming the invoice, with options for bank wire transfer, Skrill, or cryptocurrency withdrawals. There is no minimum profit requirement for a Profit Split of up to 90%, paid out according to an 80/20 ratio (90/10 on the Scale-up plan).
Scaling Plan participants see a 25% increase in their FTMO Account balance, with an automatic change to a 90/10 payout ratio. Traders can retain their Profit Split within the account, allowing it to grow, but FTMO will always withdraw its share. To cover transaction costs, there are minimum closed profit requirements for bank wire and cryptocurrency payouts.
Education and Support
FTMO distinguishes itself among prop trading firms through an unwavering dedication to trader education and support, recognizing the substantial value of well-informed and continually improving traders in its business model. In pursuit of this objective, FTMO has implemented a robust system of education and support to equip traders with the tools and knowledge essential for success in the financial markets.
The trading education program at FTMO comprehensively covers crucial aspects, including technical and fundamental analysis, risk management, and trading psychology. Tailored to traders of all levels, from novices to seasoned professionals, this program is delivered through various formats such as articles, webinars, and video tutorials. Additionally, FTMO’s blog serves as a valuable resource, providing regular market analysis, trading tips, and updates on platform features and policies.
Beyond educational resources, FTMO offers personalized mentoring to its funded traders, addressing specific needs and areas for improvement. Experienced trading professionals provide guidance and assistance, fostering a sense of community within the FTMO ecosystem. Traders can engage with one another and the FTMO team through dedicated discussion forums and active social media platforms, including Facebook, Twitter, and Instagram.
To further enhance the trader experience, FTMO ensures exceptional customer service through a dedicated support team available via email, live chat, and phone. In summary, FTMO’s commitment to trader education, personalized mentoring, community support, and exceptional customer service establishes it as a premier prop trading firm prioritizing the success and growth of its traders.
Recognizing the critical role of trading psychology, FTMO integrates performance coaching into its platform to assist traders in optimizing their trading results and unlocking their full potential. Trading psychology significantly influences decision-making, risk management, and overall trading performance, accounting for up to 80% of success in trading.
FTMO’s performance coaching services help traders identify the underlying causes of undesirable behaviors and implement long-term solutions for improved outcomes. The team of qualified performance coaches, including Nelly N. and Michael K., collaborate individually with traders to develop customized tools, insights, and psychological strategies. This approach enables traders to effectively manage emotions, make informed decisions, and ultimately enhance their trading performance.
As Mark Douglas, a renowned author and trader, famously stated, “Great traders are not born, they are made.” With the support of FTMO’s performance coaching, traders can embark on a journey of self-improvement, unlocking their true potential in the competitive world of trading.
Clients review
In a steadfast commitment to excellence, FTMO continually endeavors to elevate its services, recognizing the scrutiny of the public eye. The unwavering dedication to progress is aimed at fostering pride among their esteemed clientele.
With an extensive count of over 3000 organic reviews on independent platforms, FTMO has firmly solidified its status as the preeminent Proprietary Trading Firm in the industry. This vast array of reviews serves as a testament to the credibility and trustworthiness of their services, further reinforcing FTMO’s standing as a reliable and esteemed institution in the eyes of traders.
Through a consistent approach of seeking feedback and implementing enhancements, FTMO underscores its resolute commitment to meeting the diverse needs and expectations of its clients. The recognition of the importance of cultivating a positive reputation reflects their pride in delivering a superior trading experience.
In its unwavering pursuit of excellence, FTMO aspires to surpass the expectations of traders and solidify its position as the industry’s foremost Proprietary Trading Firm. The dedication to progress, coupled with an abundance of positive reviews, serves to fortify their credibility and instill confidence among current and prospective clients alike.
Social media stats
It’s possible to find FTMO on different social media platform:
- facebook counts 76.906 followers
- instagram counts 225k followers
- twitter has 39.4k followers
- youtube has 92.100 subscribers
- tik tok counts 2755 followers
Conclusion
FTMO stands out as a distinguished proprietary trading firm, providing experienced traders with a unique opportunity to manage significant capital without personal financial risk. The meticulous two-phase evaluation process is time-intensive but ensures that only disciplined and consistent traders gain access to the firm’s capital.
FTMO’s attractive proposition includes a generous profit-sharing structure, coupled with a refund of the initial fee after the first profit split. This makes FTMO an appealing choice for traders seeking career advancement. The platform goes beyond by offering extensive educational resources, performance coaching, and a robust community support system, equipping traders with the tools and support needed to excel in the competitive trading landscape.
In summary, FTMO offers a promising path for skilled traders aiming to elevate their professional trajectories, providing a challenging yet rewarding environment that recognizes and rewards trading expertise and consistency. To initiate your trading journey with FTMO, click here today.
FTMO consistently ensures optimal trading conditions, offering access to a diverse range of assets through FTMO Solutions, featuring low commissions and highly competitive spreads.
A notable advantage of FTMO is the absence of hidden fees or recurring charges, providing a refreshing approach. Traders only incur a one-time fee, and upon achieving their initial profit split with FTMO, they receive a reimbursement of the initial fee.
While the two-step evaluation process may require a greater time commitment compared to other trading firms, it is a straightforward process. Once a trader secures funding, any time invested in the evaluation process is eclipsed by the potential profits they can generate.
