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”
FTMO stands as a distinguished proprietary trading firm renowned within the trading community for its stellar reputation. Through its funding program, traders can initiate their trading endeavors with a substantial capital injection, potentially accessing up to $400,000 and leveraging at a ratio of 1:100. Noteworthy is the entitlement for traders to retain a significant proportion of their generated profits, offering the prospect of retaining up to 90% of earnings.
The impressive track record of FTMO attests to its success and credibility in the industry. Having disbursed profits exceeding $130 million to traders spanning over 180 countries, FTMO’s impact and global outreach are undeniably noteworthy. This substantial payout underscores the firm’s unwavering commitment to facilitating the financial success of its traders and its capacity to deliver tangible, positive results.
Backed by a strong reputation and a proven track record, FTMO consistently attracts seasoned traders who appreciate its exceptional services and opportunities. The combination of the firm’s funding program, global presence, and robust profit retention policy solidifies its standing as a premier choice for traders seeking a reliable and lucrative trading environment.
Who are them?
FTMO is a distinguished proprietary trading firm that extends funding opportunities to aspiring traders upon successfully navigating its stringent evaluation process. Headquartered in the Czech Republic, the firm predominantly focuses on the Forex market, diversifying into commodities, cryptocurrencies, and indices.
FTMO’s evaluation process consists of two pivotal stages: the FTMO Challenge and the Verification stage. These stages are meticulously crafted to evaluate a trader’s sustained profitability and adherence to specific rules and risk management criteria. Successful completion of both stages bestows the title of FTMO-funded trader, accompanied by a funded trading account with the potential to reach up to $400,000 ($2M with a scaling plan).
Becoming an FTMO-funded trader offers several notable advantages. Traders are relieved of the necessity to risk their capital as FTMO provides the trading capital. Funded traders also enjoy a significant percentage of the profits they generate, often up to 70% or more. FTMO prioritizes supporting its traders through educational resources, trading tools, and a collaborative community. Additionally, successful traders may avail themselves of scaling opportunities, potentially increasing the capital they manage, thereby enhancing profit potential.
FTMO’s business model thrives on the success of its funded traders. Profits generated by funded traders are shared by FTMO, fostering a mutually beneficial relationship between the company and its traders.
Founded in 2014, FTMO emerged from the collaboration of three traders operating out of an office in Prague. Formerly known as Ziskejucet.cz, the company underwent significant growth and rebranded as FTMO in 2017, solidifying its position as a prominent proprietary trading firm through constant innovation and the founders’ expertise in developing tailored trading systems.
Mission Statement:
Our mission is to continually expand our project, transforming it into an international investment company. This evolution will establish a global platform where retail traders will trade on behalf of our company, and investors can invest in a portfolio of traders of their choosing, creating an unparalleled investment opportunity. Together, let us build a global community of successful retail traders and construct an investment portfolio that sets new standards in the global market.
Location:
Situated in the heart of Prague’s historic center, our headquarters can be found on the top floor of the modern Quadrio offices. The building provides convenient access to a shopping mall via an elevator, and our rooftop features a spacious terrace with breathtaking views of Prague.
Finding our offices is effortless, positioned conveniently between Wenceslas Square and the National Theatre. Public transportation is readily accessible, with a metro station directly beneath the building and a tram station in front of it.
Facilities:
Our offices are equipped with various convenient amenities and features. We offer phone booths for both business and personal calls, glass-walled meeting rooms for visualizing ideas, and each department is stocked with a variety of beverages and snacks. Additionally, we have a recording studio for digital creations and a poker room for enjoyable Friday evenings.
Team:
At FTMO, we deeply value and nurture talent. Our team comprises highly dedicated professionals, and our success is rooted in strong collaboration and a friendly atmosphere. This supportive environment fosters individual growth while strengthening collective expertise.
Every team member is an expert in their respective field, mirroring the expertise of our FTMO Traders. As our community of FTMO Traders expands, we remain 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 Option
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 serves as the initial stage in the evaluation process, appraising a trader’s competence, discipline, and capacity to achieve specific trading objectives. Spanning a 30-day duration, the challenge necessitates fulfilling the following criteria:
- Achieving the profit target set by FTMO, contingent upon the chosen account size.
- Completing a minimum of 4 trading days.
- Adhering to the prescribed maximum daily loss limit.
- Complying with the maximum overall loss limit.
Traders are presented with various account size options, each linked to its corresponding 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, where their trading skills and ability to uphold discipline over an extended duration are scrutinized. Spanning a duration of 60 days, the Verification process mandates the satisfaction of the subsequent criteria:
- Attainment of a predefined reduced profit target set by FTMO.
- Execution of a minimum of four trading days.
- Strict adherence to the designated maximum daily loss limit.
- Conformity to the specified maximum overall loss limit.
The Verification stage functions as a conclusive evaluation of a trader’s proficiency, ensuring sustained and profitable results.
FTMO traders
The attainment of an FTMO Account does not mark the conclusion of the trader’s engagement with our project. Conversely, this segment elucidates the principles dictating account increments. A heightened account balance empowers traders to amplify their positions without assuming augmented risks. It is imperative to recognize that, akin to traders, our project shares the common goal of success. However, it is essential to acknowledge that traders may encounter periods devoid of realized profits. Trading, inherently, involves risks, and FTMO does not assure substantial returns. The FTMO Account is a fully simulated demo account that integrates authentic market quotes from liquidity providers. We exercise discretion in replicating trades through aggregated orders, facilitated by our proprietary risk management algorithm. This method streamlines administrative processes, providing our company the liberty to actively manage risk in specific markets.
Capital increments for the FTMO Account transpire 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 (equivalent 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. Notably, 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 express 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 unaltered 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 enhanced Profit Split ratio of 90/10. However, this elevated ratio applies exclusively to newly scaled-up accounts and not to recently merged accounts integrated into already scaled-up accounts. 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 depicted in the table, in the optimal scenario, after approximately one year and four months, the trader’s FTMO Account will possess a doubled balance and doubled loss limits (applicable to any starting balance). We posit that this Scaling Plan will incentivize traders to trade consistently while avoiding undue risks and fostering a long-term perspective in managing their FTMO Account. It is crucial to note that high returns are not guaranteed, and trading, inherently, involves risks.
What's makes it different from other prop firm?
Our profound comprehension of the trading sector has allowed us to meticulously customize and optimize proprietary trading conditions to benefit our esteemed clients. Our primary goal is to ensure our traders have the highest likelihood of successfully navigating the Evaluation Process. Essentially, the prosperity of our traders and their profit generation naturally contributes to our overall success. Therefore, it is only logical that we extend unwavering support to our traders, granting them the freedom to trade without restrictions. Furthermore, we provide unparalleled account conditions and industry-leading leverage.
Let me underscore some key advantages of trading with us:
Trade with confidence: Utilize our capital and eliminate concerns about losing personal savings. Your achievements and disciplined trading practices mutually benefit both parties.
The FTMO Challenge instills discipline: Trading discipline is crucial, and our risk management rules are designed to foster and reinforce it by establishing clear Trading Objectives.
Overcome small account limitations: Managing a larger account size provides a more favorable environment for advanced trade management and offers psychological relief from challenges associated with small account trading.
Applications for enhanced results: Actively support our traders’ performance with unique analytical tools and provide personalized feedback through systematic evaluations of every trading account.
Suitable for all: Catering to a diverse range of traders, including both conservative and aggressive approaches. Choose an account type that aligns with your trading style—Swing, Normal, or Aggressive.
In conclusion, our comprehensive understanding of the trading industry, coupled with an unwavering commitment to our traders’ success, positions us as a distinguished choice for those seeking optimal trading conditions and growth opportunities.
Trading objectives
Traders are afforded the choice between two distinct account types: Standard and Aggressive, each delineated by specific criteria governing maximum daily loss and minimum equity thresholds.
The Standard Account is defined by the following parameters:
- Maximum Daily Loss: Capped at 5% of the initial balance.
- Minimum Equity: A mandatory minimum of 10% of the initial balance.
Conversely, the Aggressive Account is characterized by the ensuing specifications:
- Maximum Daily Loss: Restricted to 10% of the initial balance.
- Minimum Equity: A stipulated minimum of 20% of the initial balance.
FTMO account traders engage in capital increments across four-month cycles. To qualify for a capital increase, traders must achieve a minimum net profit of 10% (or 20% for Aggressive accounts) over four consecutive monthly cycles and process at least two payouts within four months. Maintaining a profitable account balance exceeding the initial balance during scaling-up is imperative.
Eligibility evaluation is automated, providing traders with progress updates during each Profit Split. Upon meeting requirements, traders can express their intent to scale up accounts while continuing the payout process. Consequently, a newly scaled-up FTMO account will be assigned for the subsequent trading period.
Traders in the Scaling Plan enjoy an upgraded profit split ratio of 90/10. This ratio applies exclusively to newly scaled-up accounts and not to previously scaled accounts. Notably, the maximum account increment limit is $2 million per trader (or $1 million for Aggressive accounts).
Payment proof
The Profit Split on the FTMO Account operates on a default monthly setting, but traders can request an on-demand payout after 14 days from the first trade. The Profit Split Day, determining the payout date, can be changed up to three times for each withdrawal between days 14 and 60 from the start of trading. Failure to modify the Profit Split Day within a month will automatically set it to the last day of the Reference Period, with no further changes allowed during that cycle. For instance, if trading begins on April 1st, the first Profit Split Day is available on April 15th, and the last date for changing it is May 31st.
Payouts are typically processed within 1-2 business days upon confirming the invoice, with options for regular bank wire transfer, Skrill, or cryptocurrencies. FTMO imposes no commissions on withdrawals.
No minimum profit is required to receive a Profit Split of up to 90%, which is split in an 80/20 ratio (90/10 on the Scale-up plan) and paid out to the trader.
Meeting Scaling Plan conditions increases the FTMO Account balance by 25%, automatically changing the payout ratio to an impressive 90/10.
Traders can opt to retain their Profit Split within the account, contributing to their balance and drawdown buffer. However, FTMO always withdraws its share to cover transaction costs, with a minimum closed profit requirement of at least $20 for bank wire payouts and $50 for cryptocurrency payouts. This ensures adequate coverage for associated transfer expenses.
which broker they use?
FTMO utilizes the widely acclaimed brokers MT4, MT5, and cTrader. Notably, the cTrader platform is unavailable for selection in the FTMO Challenge for individuals who are US citizens or permanent residents, in adherence to regulatory requirements. Nevertheless, participants in the FTMO Challenge can opt for other platforms.
Regarding trading instruments, FTMO supports various trading styles without imposing limitations. Whether your strategies involve discretionary trading, hedging, algorithmic trading, or the use of Expert Advisors (EAs), FTMO respects and accommodates them. As long as your trading activities adhere to legitimate practices, accurately reflect real market conditions, and allow for replication on live corporate accounts, there are no constraints on your trading style or strategy. You enjoy complete freedom to trade any instruments or position sizes available on your platform, including Forex, Indices, Commodities, Stocks, and Crypto. The available symbols can be referenced through the provided link, and the primary goal is to witness profitability within the defined rules.
For users intending to employ third-party EAs, it is crucial to recognize the potential overlap with other traders using the same EA and strategy. This carries the risk of surpassing the maximum capital allocation rule and potential denial of an FTMO Account.
Users should be aware of platform server limitations, such as a maximum of 200 orders at a time and 2000 maximum positions per day. Restrictions also apply to server message acceptance, including orders and order modifications. If excessive activity from an EA is detected, adjustments to the EA logic or strategy parameters may be requested.
Distinguishing serious trading from gambling practices is emphasized. Intentional activities or recurring Modus Operandi across multiple accounts may lead to appropriate actions being taken to mitigate risks. These actions could involve removing conflicting positions, rebalancing the account, reducing leverage, or terminating the account and ending cooperation entirely. FTMO encourages genuine trading intentions, showcasing your market edge, and maintaining consistent and proud trading practices.
Education and support fro traders
FTMO distinguishes itself among other proprietary trading firms by maintaining an unwavering commitment to trader education and support, recognizing the substantial value of well-informed and continually improving traders within their business model. In pursuit of this goal, FTMO has implemented a robust system of education and support designed to equip their traders with the requisite tools and knowledge for success in the financial markets.
Trading Education:
The comprehensive trading education program provided by FTMO encompasses crucial aspects such as technical analysis, fundamental analysis, risk management, and trading psychology. Tailored to accommodate traders at all levels, from novices to seasoned professionals, this program is delivered through various formats, including articles, webinars, and video tutorials. Additionally, FTMO’s blog serves as a valuable resource for regular market analysis, trading tips, and updates on platform features and policies.
Personalized Mentorship:
Going beyond educational resources, FTMO offers personalized mentoring to their funded traders. This individualized support addresses specific needs and areas for improvement, with experienced trading professionals providing guidance and assistance. The sense of community is further fostered through dedicated discussion forums and active social media platforms, including Facebook, Twitter, and Instagram, creating a collaborative environment for the exchange of insights and experiences among traders.
Customer Service:
To enhance the trader experience, FTMO ensures exceptional customer service through a dedicated support team that promptly addresses queries or concerns. Traders have multiple communication channels, including email, live chat, and phone, ensuring efficient and reliable assistance when needed.
In summary, FTMO’s commitment to trader education, personalized mentoring, community support, and exceptional customer service positions it as a premier proprietary trading firm prioritizing the success and growth of its traders.
Trading Psychology:
Recognizing the pivotal role of trading psychology in a trader’s success, FTMO integrates performance coaching into its platform. Psychological factors contribute significantly to trading success, with up to 80% attributed to these aspects. FTMO’s performance coaching services aim to assist traders in optimizing their trading results and unlocking their full potential.
Significance of Trading Psychology:
Trading psychology plays a crucial role in a trader’s ability to make informed decisions under pressure, manage risk effectively, and maintain discipline. FTMO addresses these challenges by offering performance coaching services that help traders identify the root causes of undesirable behaviors and implement long-term solutions.
FTMO’s Performance Coaches:
FTMO’s team of qualified performance coaches, including Nelly N. and Michael K., brings expertise in psychology and coaching tailored to the unique challenges faced by traders. The benefits of performance coaching include the development of customized tools, insights, and psychological strategies to improve traders’ emotional management and decision-making.
Benefits of Performance Coaching:
FTMO’s performance coaches collaborate individually with traders to understand their unique challenges, providing customized tools and strategies. This approach enables traders to manage emotions effectively, make informed decisions, and ultimately enhance their trading performance.
As Mark Douglas 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.
Client Reviews:
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. With over 3000 organic reviews on independent 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.
By consistently seeking feedback and implementing improvements, FTMO demonstrates its unwavering commitment to meeting the needs and expectations of its clients. 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.
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
Following a comprehensive evaluation, FTMO emerges as an outstanding proprietary trading firm, providing a unique opportunity for skilled traders to effectively manage significant capital without exposing their own funds to risk. Despite the time-intensive nature of FTMO’s meticulous two-step assessment process, it is purposefully crafted to ensure that access to the firm’s capital is granted exclusively to traders demonstrating discipline and consistency.
FTMO’s attractiveness is underscored by its generous profit-sharing structure, coupled with the reimbursement of the initial fee after the first profit split. This proposition positions FTMO as a compelling choice for traders aspiring to advance their careers. Furthermore, the platform offers a wealth of educational resources, performance coaching, and a robust community support system, empowering traders with the essential tools and support needed to excel in the competitive trading landscape.
In summary, FTMO presents a promising avenue for skilled traders seeking to progress in their professional journeys, providing a challenging yet rewarding environment that recognizes and rewards trading expertise and consistency. To commence your trading journey with FTMO, click here today.
FTMO sets itself apart by consistently offering optimal trading conditions, granting 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, a highly refreshing aspect. Traders are required to pay only a one-time fee, with the added benefit of receiving a reimbursement of the initial fee upon achieving their first profit split with FTMO.
The primary drawback that may dissuade some traders is the two-step evaluation process, demanding a greater time commitment compared to other trading firms. Nonetheless, this process is straightforward, and any time invested becomes negligible once a trader secures funding, considering the profits they stand to generate.