Review
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"
FTMO is a highly reputable and esteemed proprietary trading firm that has garnered admiration from a vast community of experienced traders. Its funding program enables traders to commence their trading activities with significant capital, with the potential to access up to $400,000 and 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 track record of FTMO speaks volumes about its success and credibility in the industry. Having disbursed over $130 million in profits to traders hailing from more than 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 ability to deliver tangible results.
With 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 is a distinguished proprietary trading firm that offers funding opportunities to aspiring traders who successfully pass their rigorous evaluation process. Headquartered in the Czech Republic, the firm primarily focuses on the Forex market, while also encompassing other financial markets such as commodities, cryptocurrencies, and indices.
The evaluation process at FTMO comprises two crucial stages: the FTMO Challenge and the Verification stage. These stages are strategically designed to assess a trader’s consistent profitability and adherence to specific rules and risk management criteria. Upon successful completion of both stages, traders are granted the esteemed title of FTMO-funded trader and are provided with a funded trading account that can reach up to $400,000 ($2M with a scaling plan).
Becoming an FTMO-funded trader brings forth several noteworthy benefits. Firstly, traders are relieved of the need to risk their capital, as FTMO provides the trading capital. Additionally, funded traders are entitled to receive a substantial percentage of the profits they generate, often up to 70% or more. FTMO also places great emphasis on supporting its traders through educational resources, trading tools, and a collaborative community. Furthermore, as traders demonstrate consistent success, FTMO offers scaling opportunities by potentially increasing the capital they manage, thereby amplifying profit potential.
FTMO’s business model thrives on the success of their funded traders. As funded traders generate profits, FTMO shares those profits, creating a mutually beneficial relationship between the company and the traders.
Founded in 2014, FTMO originated from the collaboration of three traders who pooled their talents and ideas while operating out of an office in Prague. Formerly known as Ziskejucet.cz, the company experienced significant growth and secured funding, leading to its rebranding as FTMO in 2017. Constant innovation and the founders’ expertise in developing trading systems tailored to their needs have positioned FTMO as a prominent and industry-leading proprietary trading firm.
their Mission
Our mission is to continuously expand our project and transform it into an international investment company. This transformation will enable us to establish a global platform where, in due course, we will offer a distinctive composition of retail traders trading on behalf of our company. Additionally, we will provide investors with the opportunity to invest in a portfolio of traders of their choice, creating an unprecedented investment opportunity.Together, let us create a worldwide community of successful retail traders and construct an investment portfolio that sets new standards in the global market.
their Location
Situated in the heart of Prague’s historic center, you can find our headquarters on the top floor of the modern Quadrio offices. The building offers convenient access to a shopping mall via an elevator. Moreover, our rooftop boasts a spacious terrace where you can unwind while enjoying breathtaking views of Prague.
Locating our offices is effortless, as we are conveniently positioned between Wenceslas Square and the National Theatre. Public transportation is readily accessible, with a metro station located directly beneath the building and a tram station in front of it.
Their Facilities
Our offices are equipped with a range of convenient amenities and features. We provide phone booths for our employees to handle both business and personal calls, as well as meeting rooms with glass walls where ideas can be visualized. Each department is stocked with a variety of beverages in refrigerators, and our kitchen is filled with an assortment of snacks. Additionally, we have our recording studio where digital creations come to life, and our poker room serves as a gathering place for enjoyable Friday evenings.
their Team
At FTMO, we deeply value and nurture talent. Our team consists of highly dedicated professionals, and our success stems from the strong collaboration and friendly atmosphere that permeate our company. This supportive environment allows us to foster individual growth while also strengthening our collective expertise.
Every member of our team is an expert in their respective field, just as our FTMO Traders are experts in trading. As our community of FTMO Traders continues to expand, we are committed to providing comprehensive customer care, establishing an analytical trading environment with optimal conditions, and delivering top-notch education. Trading is not just our profession; it is our passion.
Funding Options
FTMO has created a distinctive two-step Evaluation Course designed to identify and nurture trading abilities. This Evaluation Process comprises the FTMO Challenge and Verification, meticulously crafted to assess the potential of traders.
Upon the successful completion of the Evaluation Course, traders are presented with the opportunity to join the prestigious FTMO Proprietary Trading firm. As part of this arrangement, individuals can remotely manage an FTMO Account with a substantial balance of up to 400,000 USD. While the path to reaching this stage may pose challenges, we provide a range of educational resources, account analysis tools, and performance coaching to support traders on their journey toward financial independence.
The Challenge
The FTMO Challenge constitutes the initial phase of the evaluation process, assessing a trader’s skills, discipline, and ability to meet specific trading objectives. Spanning a duration of 30 days, the challenge mandates the accomplishment of the following criteria:
- Attainment of the profit target determined by FTMO, contingent upon the chosen account size.
- Completion of a minimum of 4 trading days.
- Adherence to the prescribed maximum daily loss limit.
- Compliance with the maximum overall loss limit.
Traders are provided with multiple account size options, each associated with its respective initial fee, profit target, and loss limits. It is imperative to select an account size that aligns with one’s individual trading style and risk tolerance.
The Verification
Upon successful completion of the FTMO Challenge, traders progress to the Verification stage. This phase aims to validate their trading skills and capacity to maintain discipline over an extended period. Lasting for 60 days, the Verification process necessitates the fulfillment of the following requirements:
- Achievement of a reduced profit target established by FTMO.
- Execution of a minimum of 4 trading days.
- Adherence to the designated maximum daily loss limit.
- Conformance to the specified maximum overall loss limit.
The Verification stage serves as a conclusive assessment of a trader’s aptitude, ensuring consistent and profitable outcomes.
FTMO Traders
Once the Verification stage is satisfactorily completed, traders are offered the opportunity to become FTMO Traders. In this role, they assume remote management of an FTMO Account with a balance of up to $400,000. Responsibilities encompass consistent and responsible trading, while adhering to the trading objectives set by FTMO.
FTMO Traders are entitled to receive up to 90% of the profits generated from their trading activities. Consistent profitability may lead to the scaling of their accounts in accordance with FTMO’s Scaling Plan, enabling management of larger sums of capital.
Scaling Plan
Acquiring an FTMO Account does not signify the culmination of the trader’s collaboration with our project. On the contrary, this section elucidates the principles governing account increments. A higher account balance allows traders to scale their positions without assuming greater risks. It is crucial to bear in mind that, like traders, our project shares the common objective of success. However, it is important to acknowledge that traders may encounter periods where profits are not realized. Trading, in general, entails inherent risks, and FTMO does not guarantee substantial returns. The FTMO Account is a fully simulated demo account that incorporates real market quotes from liquidity providers. We exercise discretion in replicating trades using aggregated orders, facilitated by our proprietary risk management algorithm. This approach streamlines administrative processes and grants our company the freedom to actively manage risk in specific markets.
Capital increments for the FTMO Account occur in four-month cycles. To qualify for a capital increase, traders must generate a minimum of 10% net profit (20% for Aggressive account types) over four consecutive monthly cycles (equating to an average of at least 2.5% net profit per month for normal account types or 5% net profit per month for Aggressive account types). Simultaneously, traders must process at least two payouts within four months. Importantly, the trader’s account balance must be above the initial account balance (in profit) at the time of scaling up.
Eligibility is automatically assessed, and FTMO Traders receive a breakdown of their progress and requirements with each Profit Split. If the requirements are met, traders can indicate their desire to have their account scaled up during the payout processing, following which an appropriately scaled-up FTMO Account will be assigned for subsequent trading periods.
Furthermore, the calculation of loss limits will be adjusted accordingly, while the 5% maximum daily loss and 10% maximum loss of the initial account balance will remain unchanged post-scaling. After an additional four months, if the trader fulfills the account growth conditions and processes the two required payouts, they become eligible for a further 25% increase in the demo capital, based on the initial account balance of the FTMO Account. The increment of demo capital is capped at $2M per trader ($1M for Aggressive accounts).
Traders on the scale-up plan benefit from an upgraded Profit Split ratio of 90/10. However, this increased ratio applies solely to newly scaled-up accounts and not to newly merged accounts integrated into accounts that are already scaled up. If a trader wishes to merge a non-scaled-up account with a scaled-up account, the Profit Split ratio will be adjusted to 80/20.
The table presented above illustrates the 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 $400k and satisfies the conditions for capital increments.
As demonstrated in the table, 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 (applicable to any starting balance). We believe that this Scaling Plan will incentivize traders to trade consistently while avoiding unnecessary risks and fostering a long-term perspective when managing their FTMO Account. It is important to note that high returns are not guaranteed, and trading, in general, entails inherent risks.
Why choose FTMO
Our deep understanding of the trading industry has enabled us to meticulously tailor and optimize the most advantageous proprietary trading conditions for our esteemed clients. Our primary objective is to provide our traders with the highest probability of successfully passing the Evaluation Process. In essence, when our traders thrive and generate profits, it naturally translates into our success as well. Consequently, it is only logical that we extend our unwavering support to our traders by granting them the freedom to trade without any restrictions or limitations. Moreover, we offer them unparalleled account conditions and leverage that are unparalleled in the industry.
Allow me to highlight some key benefits of trading with us:
- Trade with peace of mind: Trade using our capital and eliminate the apprehension of losing your savings. Your achievements and disciplined trading practices are mutually advantageous to both parties.
- The FTMO Challenge enforces discipline: Discipline is an essential quality in trading, and our risk management rules are specifically designed to foster and reinforce trader discipline by establishing clear Trading Objectives.
- Overcome the limitations of trading a small account: By managing a larger account size, you gain a more favorable environment for advanced trade management and experience psychological relief from the challenges associated with trading a small account.
- Applications to enhance your trading results: We actively support our traders’ performance by providing them with unique analytical tools and offering personalized feedback through systematic evaluations of every trading account.
- Suitable for everyone: We cater to the needs and preferences of a wide range of traders, including both conservative and more aggressive approaches. Choose the account type that aligns with your trading style—Swing, Normal, or Aggressive.
In conclusion, our comprehensive understanding of the trading industry, coupled with our unwavering commitment to our traders’ success, makes us a distinguished choice for those seeking optimal trading conditions and opportunities for growth.
Which Broker FTMO use
FTMO, use the most popular broker MT4, MT5 and cTradrer. The cTrader platform is not available for selection in the FTMO Challenge for individuals who are US citizens or permanent residents, as per regulatory requirements. However, other platforms can still be chosen for participation in the FTMO Challenge.
Trading instrument
FTMO, use the most popular broker MT4, MT5, and cTradrer. The cTrader platform is not available for selection in the FTMO Challenge for individuals who are US citizens or permanent residents, as per regulatory requirements. However, other platforms can still be chosen for participation in the FTMO Challenge.
They fully support and respect your trading style. There are no limitations or restrictions imposed on your chosen trading strategies, whether they involve discretionary trading, hedging, algorithmic trading, or the use of Expert Advisors (EAs). As long as your trading activities adhere to legitimate practices, accurately reflect real market conditions, and allow for replication on our live corporate accounts, we do not impose any constraints on your trading style or strategy. You have complete freedom to trade any instruments or position sizes available on your trading platform, including Forex, Indices, Commodities, Stocks, and Crypto. To view the available symbols, you can refer to the provided link. Our primary goal is to witness your profitability within the boundaries of our rules.
If you intend to use third-party EAs, it’s important to note that other traders may already be employing the same EA and strategy. Therefore, there is a risk of exceeding the maximum capital allocation rule and potentially being denied an FTMO Account.
Please be aware that their platform servers have limitations, such as allowing a maximum of 200 orders at a time and 2000 maximum positions per day. Additionally, there are restrictions on server message acceptance, including orders and order modifications (such as updates to Take Profit/Stop Loss levels and limit orders). If your EA causes excessive activity on a platform server, we may request adjustments to the EA logic or parameters of your strategy.
It is crucial to differentiate serious trading from gambling practices. If they identify intentional activities or recurring Modus Operandi across multiple accounts, we reserve the right to take appropriate actions to mitigate risks. These actions may involve removing conflicting positions, rebalancing the account, reducing leverage, or terminating the account and ending our cooperation entirely. They encourage genuine trading intentions, demonstrating your edge in the markets, and maintaining consistency that you can take pride in.
Trading Objectives
Traders are presented with the option to select from two distinct account types: Standard and Aggressive. Each account type has its own set of criteria relating to maximum daily loss and minimum equity requirements.
The Standard Account encompasses the following specifications:
- Maximum Daily Loss: Capped at 5% of the initial balance.
- Minimum Equity: A minimum of 10% of the initial balance is mandated.
In contrast, the Aggressive Account is characterized by the following parameters:
- Maximum Daily Loss: Limited to 10% of the initial balance.
- Minimum Equity: A minimum of 20% of the initial balance is stipulated.
Traders on FTMO accounts participate in capital increments that occur in four-month cycles. To qualify for a capital increase, traders are expected to generate a minimum net profit of 10% (or 20% for Aggressive accounts) over four consecutive monthly cycles. Additionally, within four months, traders must process at least two payouts. It is crucial to maintain an account balance above the initial balance (in a profitable state) during the scaling-up process.
Eligibility assessment is conducted automatically, and FTMO traders are provided with progress updates during each Profit Split. Should the requirements be met, traders can express their desire to scale up their accounts while proceeding with the payout process. Consequently, a new FTMO account, scaled up to the appropriate level, will be assigned for the subsequent trading period.
FTMO traders participating in the Scaling Plan are entitled to an upgraded profit split ratio of 90/10. It is important to note that this augmented ratio applies solely to newly scaled-up accounts and does not extend to merged accounts that have already undergone scaling. Notably, the maximum limit for account increments is $2 million per trader (or $1 million for Aggressive accounts).
Payment proof
The Profit Split on the FTMO Account operates monthly as the default setting. However, traders have the option to request an on-demand payout after 14 days from the first trade placed on the account. The Profit Split Day, which determines the payout date, can be changed up to three times for each withdrawal. This change can be made anytime between 14 days and 60 days from the start of trading. If a trader fails to modify their Profit Split Day within the one-month cycle, it will be automatically set to the last day of that particular Reference Period, and no further changes can be made during that cycle. To illustrate, if a trader begins trading on April 1st, the first Profit Split Day will be available on April 15th, and the latest option for changing the Profit Split Day will be after 60 days, specifically on May 31st.
Payouts are typically processed within 1-2 business days upon confirming the invoice. Traders have the choice to receive their profits through a regular bank wire transfer, Skrill, or cryptocurrencies. FTMO does not impose any commissions on withdrawals.
There is no minimum profit requirement to receive a Profit Split of up to 90%. Regardless of the profit amount generated, it will be split by an 80/20 ratio (90/10 on the Scale-up plan) and paid out to the trader.
If traders fulfill the conditions of the Scaling Plan, their FTMO Account balance will be increased by 25%, and the payout ratio will automatically change to an impressive 90/10.
Traders also have the option to retain their Profit Split within the account, allowing it to grow and contribute to their balance and drawdown buffer. However, it is important to note that FTMO will always withdraw its share of the Profit Split.
To cover transaction costs, there is a minimum closed profit requirement of at least $20 for bank wire payouts and $50 for cryptocurrency payouts. This ensures that the expenses associated with the transfer are adequately covered.
Education and Support
FTMO stands out among other prop trading firms due to its unwavering commitment to trader education and support, recognizing the immense value of well-informed and continually improving traders within their business model. To this end, FTMO has established a robust system of education and support to equip their traders with the tools and knowledge necessary for success in the financial markets.
Trading education
The trading education program offered by FTMO covers a wide range of crucial aspects, including technical analysis, fundamental analysis, risk management, and trading psychology. This comprehensive program caters to traders of all levels, from novices to seasoned professionals, and is delivered through a variety of formats such as articles, webinars, and video tutorials. Furthermore, FTMO’s blog provides regular market analysis, trading tips, and updates on platform features and policies, serving as an invaluable resource to traders seeking to stay informed about both the platform and current market trends.
Personal meeting
FTMO goes beyond educational resources by providing personalized mentoring to their funded traders. This individualized support addresses specific needs and areas for improvement, with experienced trading professionals offering guidance and assistance. The sense of community is also fostered within the FTMO ecosystem, as traders have the opportunity to engage with one another and the FTMO team through dedicated discussion forums and active social media platforms, including Facebook, Twitter, and Instagram. This collaborative environment allows for the exchange of insights, experiences, and ideas, creating a supportive network where traders can navigate the challenges and triumphs of trading together.
Customers service
To further enhance the trader experience, FTMO ensures exceptional customer service through a dedicated support team that promptly addresses any queries or concerns. Traders have multiple channels of communication, including email, live chat, and phone, enabling efficient and reliable assistance whenever needed.
In summary, FTMO’s commitment to trader education, personalized mentoring, community support, and exceptional customer service sets it apart as a premier prop trading firm that prioritizes the success and growth of its traders.
Trading physiology
The role of trading psychology in determining a trader’s success cannot be overstated, as it significantly influences decision-making, risk management, and overall trading performance. Psychological factors account for up to 80% of success in trading, making it a pivotal aspect for both novice and experienced traders. Recognizing the paramount importance of psychology in trading, FTMO has integrated performance coaching into its platform, aiming to assist traders in optimizing their trading results and unlocking their full potential.
The Significance of Trading Psychology:
Trading psychology holds immense importance as it directly impacts a trader’s ability to make informed decisions under pressure, effectively manage risk, and maintain discipline. The dynamic and unpredictable nature of the market often evokes emotions such as fear, greed, and overconfidence, which can result in impulsive actions, poor decision-making, and the development of detrimental trading habits.
To address these challenges, FTMO offers performance coaching services that help traders identify the underlying causes of their undesirable behaviors and implement long-term solutions for improved trading outcomes.
Introducing FTMO’s Performance Coaches:
FTMO has assembled a team of qualified performance coaches who possess a deep understanding of the unique challenges faced by traders and the expertise required to enhance their psychological strategies.
Nelly N.:
- Nelly is a performance coach with a Master of Science in Psychology from Coventry University Faculty of Health and Life Sciences. Specializing in sport psychology, motivation, and performance coaching, Nelly assists traders in identifying their strengths and weaknesses, tailoring personalized plans to optimize their trading performance.
Michael K.:
- Michael holds a master’s degree in Psychology from Charles University and has received certified training in psychodynamic coaching. With experience in aviation psychology, working closely with airline pilots to develop the necessary psychological skill set for high-performance environments, Michael brings his extensive knowledge and expertise as a FOREX trader since 2015 to assist traders in achieving their goals.
The Benefits of Performance Coaching:
FTMO’s performance coaches collaborate individually with traders to gain a comprehensive understanding of their unique challenges. By developing customized tools, insights, and psychological strategies, traders can effectively manage their emotions, make informed decisions, and ultimately improve their trading performance.
As famously stated by Mark Douglas, a renowned author, and trader, “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
As a testament to its ongoing commitment to excellence, FTMO continuously strives to enhance its services, knowing that they are under the scrutiny of the public eye. Their unwavering dedication to progress aims to instill a sense of pride among their clientele.
With a substantial number of over 3000 organic reviews on independent review platforms, FTMO has firmly established itself as the most reputable Proprietary Trading Firm in the industry. This extensive collection of reviews attests to the credibility and trustworthiness of their services. The abundance of positive feedback further solidifies FTMO’s standing as a reliable and esteemed institution in the eyes of traders.
By consistently seeking feedback and implementing improvements, FTMO demonstrates its unwavering commitment to meeting the needs and expectations of its clients. They recognize the significance of cultivating a positive reputation and take pride in their ability to deliver a high-quality trading experience.
Through its continuous pursuit of excellence, FTMO aims to exceed the expectations of traders and reinforce its position as the industry’s leading Proprietary Trading Firm. Their dedication to progress and the abundance of positive reviews further strengthen their credibility and instill confidence in the minds of current and prospective clients alike.achieving financial independence and success, we warmly invite you to join OFP, where we are dedicated to supporting your journey.
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
Upon conducting a thorough assessment, FTMO emerges as an exceptional proprietary trading firm that offers a distinctive opportunity for skilled and seasoned traders to manage substantial capital without risking their funds. FTMO’s meticulous two-step evaluation process, albeit time-intensive, is specifically designed to ensure that only traders who exhibit discipline and consistency are granted access to the firm’s capital.
FTMO’s appealing proposition lies in its generous profit-sharing structure, accompanied by the refund of the initial fee following the first profit split. This arrangement makes FTMO an enticing choice for traders seeking to elevate their careers. Additionally, the platform provides a wealth of educational resources, performance coaching, and a robust community support system, empowering traders with the necessary tools and support to excel in the competitive realm of trading.
In conclusion, FTMO presents a promising avenue for skilled traders aiming to advance their professional journeys, offering a challenging yet rewarding environment that rewards trading expertise and consistency. To embark on your trading journey with FTMO, click here today.
FTMO distinguishes itself by consistently offering optimal trading conditions. The platform provides 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, which is highly refreshing. Instead, traders only need to pay a one-time fee, and upon achieving their first profit split with FTMO, they receive a reimbursement of the initial fee.
The primary drawback that may deter some traders is the two-step evaluation process, which requires a greater time commitment compared to other trading firms. However, this process is straightforward, and once a trader becomes funded, any time invested will be eclipsed by the profits they can generate.
