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FTMO is a proprietary trading firm founded in September 2015. The company offers bi-weekly payouts once traders become funded, and there are no profit targets required to request withdrawals.
Who are FTMO?
Founded in September 2015, FTMO is a proprietary trading firm with offices in Prague, Czech Republic. The company offers traders the opportunity to trade with capital balances of up to $2,000,000 and earn profit splits of up to 90%. FTMO partners with a liquidity provider who supplies institutional data feed with direct market access execution on the firm's live corporate accounts. The company's headquarters are located at Opletalova 1417/25 110 00 Prague, Czech Republic.
Overview
MT4, MT5, cTrader
Visa, Bank Transfer, Bitcoin, Skrill
Bank Transfer, Bitcoin, Skrill
$10,000, $100,000, $200,000, $25,000, $50,000, £10,000, + More
Bonds, Commodities, Crypto, Forex, Indices, Metals, Stocks
LMAX
1:100, 1:30
$2,000,000
Pros and Cons
Pros
Cons
Challenges Introduction
FTMO offers its traders two options for their evaluation process: a classic program and a swing program. The classic program is divided into two phases: step-1 challenge and step-2 verification. In order to become a funded FTMO trader, you must complete both phases successfully.
In the step-1 challenge, you have a trading period of 30 days in which you must trade a minimum of 10 days. Your goal is to reach a profit target of 10% without exceeding the maximum daily loss of 5% or the maximum total loss of 10%.
In the step-2 verification, you have a trading period of 60 days in which you must trade a minimum of 10 days. Your goal is to reach a profit target of 5% without exceeding the maximum daily loss of 5% or the maximum total loss of 10%.
After successfully completing both phases, you become a funded FTMO trader and your one-time fee is refunded to you. You no longer have to follow the rules of a maximum trading period, minimum trading days, or profit targets. The only limitations you need to be aware of are the maximum daily loss of 5% and the maximum total loss of 10%.
The swing program is similar to the classic program, but allows you to trade on the weekends and during news events. The leverage for swing accounts is 30:1.
FTMO offers five normal risk and four aggressive risk accounts, with funding options ranging from $10,000 to $200,000 in balance. The profit split for normal risk accounts is 80%, while the profit split for aggressive risk accounts is 90%. Bi-weekly payouts are available once you become a funded trader.
In conclusion, FTMO is a legitimate prop firm that offers traders a chance to become funded by completing their evaluation process. They offer a variety of account options and funding amounts, as well as a high profit split and bi-weekly payouts. FTMO is a good option for traders who are looking for a prop firm with straightforward rules and a proven track record.
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Customer Reviews on Trust Pilot
I really love FTMO!! I received my first payout in a timely manner so I’m super excited that. FTMO is super supportive and if you are having any issues with your payout just contact support and they will get everything situated very quickly. I am very happy to be apart of the FTMO family!
This company is the real thing. I passed my challenge after a few tries, which they let me try again for free since I was not in drawdown when the challenge ended. I have had two profit splits now, both came into my account the same day they they sent it. With my first profit split I also got the price I paid for the challenge returned to me. It’s a win-win in my book!! I’m ready to start my second challenge to keep growing. Start your challenge, follow the rules and you’ll do great.
I've passed one account and got my first payout, got it the day after my profit split. I also used the 14 day extension to get it. I'm now doing a second challenge and they've given my the free repeat because I didn't break any of the rules. Once you understand the rules completely it makes sense. Read a lot of bad reviews on here and half of them are people saying they got cheated, but really they didn't understand the rules. Their loss, don't make the same mistake!
FTMO helped me to be a disciplined trader. Through their challenge I was able to adjust my style of trade and able to create a refined profitable strategy. Hoping to go further and further and looking forward to be growing in this company.
Trading Instruments
Forex
Commodities
Indices
Stocks
Bonds
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Crypto
Disclosure:
The trading instruments displayed above are examples of what this prop firm offers, and not all instruments may be shown or the correct brokers may be listed.
Trading Fees
Forex
Commodities
Indices
Crypto
Stocks
What makes FTMO different from other prop firms?
FTMO is a proprietary trading firm that offers traders a variety of funding programs, including a two-step evaluation challenge with normal and aggressive risk options. The firm allows traders to work with account balances of up to $200,000 and offers the potential for account scaling. Payouts are available bi-weekly with profit splits of up to 90%. FTMO allows traders to use EA’s and offers a positive reputation in the industry. To be eligible for funding, traders must focus on meeting profit targets while adhering to daily and total loss limits.
Payment proof
FTMO is a proprietary trading firm that was founded in September 2015. The company is based in Prague, Czech Republic, and offers traders capital balances of up to $2,000,000 with profit splits of up to 90%. FTMO is partnered with a liquidity provider who supplies institutional data feed with direct market access execution on the firm's live corporate accounts. Bi-weekly payouts are available for traders who have successfully completed the evaluation process and become funded. Once funded, traders are not required to hit any profit targets in order to request a withdrawal.
Which broker does FTMO use?
FTMO does not use common broker brands, and instead partners with a liquidity provider who supplies institutional data feed with direct market access execution on FTMO's live corporate accounts. As for trading platforms, FTMO offers its traders the choice between MetaTrader 4, MetaTrader 5, and cTrader.
Support
FTMO has a dedicated FAQ page on their website where you can find answers to many common questions about their services. If you need additional help, their customer support team is available 24/7 through email, live chat, and WhatsApp. You can also reach them by phone during business hours on +44 2033222983. Their support team is fluent in 15 languages, including English, German, Spanish, Portuguese, French, Italian, Czech, Hindi, Filipino, Vietnamese, Slovenian, Serbian, Ukrainian, Turkish, and Russian.
Conclusion
FTMO is a reputable proprietary trading firm that offers traders a unique 2-step evaluation process to become funded. Traders can choose between normal and aggressive risk accounts, with funding options ranging from $10,000 to $200,000. The evaluation process consists of a step-1 challenge and step-2 verification, with profit targets of 10% and 5% respectively. Successful completion of both steps allows traders to become funded with FTMO and earn up to 90% profit splits. FTMO also offers bi-weekly payouts and allows the use of EA’s. The firm’s customer support team is available 24/7 in 15 different languages. Overall, FTMO is a good choice for traders looking for a prop firm with a high profit split and a fair evaluation process.
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