FTMO Review
4.0

FTMO Review

FTMO developed a unique 2-step evaluation course for Traders. This evaluation process consists of the FTMO Challenge and the Verification and is specifically tailored to discover trading talents.
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Upon successful completion of the evaluation course, you are offered a placement in the FTMO Proprietary Trading firm where you can remotely manage the FTMO Account with a balance of up to 200,000 USD. Your journey to get there might be challenging, but our educational applications, account analysis and performance coach are here to help you on the endeavour to financial independence.

Pros
  • Trading Psychologist for Traders
  • Scaling Plan to increase capital
  • CEO openly talks to the public
  • Over 3k Trustpilot reviews with an excellent score of 4.9/5
  • Excellent customer service
  • 24/7 Live Chat support
  • Free trial option
  • Unlimited evaluation free retries
  • Bi-weekly payouts
  • A large variety of trading instruments (forex pairs, commodities, indices, stocks, bonds, cryptocurrencies)
  • Leverage 100:1
Cons
  • 10 Minimum trading days
  • Educational videos are not for skilled traders
  • Maximum 2 accounts with $200,000

Traders at FTMO are encouraged to be successful in their careers. The main priority that they expect from their clients is that they are disciplined individuals who properly manage risk and focus on long-term consistency. They allow them to earn high profits by managing account sizes up to $2,000,000 and taking home profit splits of up to 90%. They can achieve this by trading Forex pairs, commodities, indices, stocks, bonds, and cryptocurrencies.

Who are FTMO?

FTMO is a proprietary firm incorporated in September 2015. They have offices located in Prague in the Czech Republic while offering traders capital up to $2,000,000 in balance with up to 90% profit splits. They are partnered with a liquidity provider who supplies the institutional data feed with the direct market access execution model on their live corporate accounts.

Their headquarters are located at Opletalova 1417/25 110 00 Prague, Czech Republic.

Funding program options

FTMO offers its traders five normal and four aggressive risk accounts with a 2-Phase Evaluation process. The leverage offered is 100:1, and the account funding is in USD, GBP, EUR, CZK, CAD, AUD, or CHF.

Prices for normal risk accounts:

  • $10,000 account for €155
  • $25,000 account for €250
  • $50,000 account for €345
  • $100,000 account for €540
  • $200,000 account for €1,080

The evaluation process for normal risk accounts is structured by step-1 challenge and step-2 verification. Upon successfully completing both, you become a funded FTMO Trader.

Step-1 challenge has a trading period of 30 days in which you are required to trade a minimum of 10 trading days. You have to hit a profit target of 10% while not surpassing the maximum daily loss of 5% or maximum loss of 10%.

Step-2 verification has a trading period of 60 days in which you are required to trade a minimum of 10 trading days. You have to hit a profit target of 5% while not surpassing the maximum daily loss of 5% or maximum loss of 10%.

After completing both steps, you become an FTMO Trader and get your one-time fee refunded to you. You also no longer have a maximum trading period, minimum trading days, and profit target rules you have to follow. The only limitations you cannot surpass are the maximum daily loss of 5% and maximum loss of 10%.

Prices for aggressive risk accounts:

  • $10,000 account for €250
  • $25,000 account for €345
  • $50,000 account for €540
  • $100,000 account for €1,080

The evaluation process for aggressive risk accounts is structured by step-1 challenge and step-2 verification. Upon successfully completing both, you become a funded FTMO Trader.

Step-1 challenge has a trading period of 30 days in which you are required to trade a minimum of 10 trading days. You have to hit a profit target of 20% while not surpassing the maximum daily loss of 10% or maximum loss of 20%.

Step-2 verification has a trading period of 60 days in which you are required to trade a minimum of 10 trading days. You have to hit a profit target of 10% while not surpassing the maximum daily loss of 10% or maximum loss of 20%.

After completing both steps, you become an FTMO Trader and get your one-time fee refunded to you. You also no longer have a maximum trading period, minimum trading days, and profit target rules you have to follow. The only limitations you cannot surpass are the maximum daily loss of 10% and maximum loss of 20%.

Another account option is the FTMO Swing account, which is identical to other Evaluation accounts, meaning it can also be a normal or aggressive risk account. The only difference with Swing accounts are the following:

  • Weekend holdings are allowed
  • News trading is allowed
  • Leverage is 30:1

FTMO also has a scaling plan for their most consistent traders. 

Traders must generate 10% of net profit in four consecutive monthly cycles for a capital increase on normal accounts. (average of 2.5% net profit per month)

Traders must generate 20% of net profit in four consecutive monthly cycles for a capital increase on aggressive accounts. (average of 5% net profit per month)

At the same time, traders must process at least two payouts within the four-month cycle. Also, the balance needs to be above the initial account balance at the time of scale-up. By fulfilling all of the mentioned conditions, the trader’s account is increased by 25% of the initial account balance. Your profit split is upgraded to a high 90% by scaling up your account.

What makes FTMO different from other prop firms?

FTMO is different from most industry-leading prop firms due to their positive reputation and the large variety of funding programs they offer. 

You can choose from a 2-step evaluation challenge with normal or aggressive risk making it an excellent option for day traders looking to work with an account of $200,000 with a capability to scale it up. Compared to other firms, FTMO has an average profit target of 10% in step one and 5% in step two.

Another option is a 2-step swing evaluation challenge with normal or aggressive risk making it an excellent option for a large variety of traders since swing accounts allow news trading and weekend holdings.

Another difference from most prop firms is that payouts are available bi-weekly, which means every 14 days with a high-profit split of up to 90%. You are also allowed to use EA’s.

In conclusion, funding from FTMO can be acquired by many different traders due to the various trading strategies they can use. You should focus on fulfilling the profit target while not exceeding the maximum daily loss and maximum total loss limits.

Is getting FTMO capital realistic?

It’s essential to see how realistic the trading requirements are when looking at prop firms that best suit your forex trading style. For example, a company offering a high % profit split on a highly funded account sounds great, but if they expect high % gains per month with low % maximum drawdowns, your chances of success become close to zero.

After considering all of that, FTMO is an excellent choice to get funded with. This is since you need to pass an Evaluation Process made out of two steps.

The rules for the Evaluation Process are realistic since the Profit Target in step one is 10%(20% aggressive risk) and in step two, only 5%(10% aggressive risk) with a maximum daily loss of 5%(10% aggressive risk) and maximum total loss of 10%(20% aggressive risk). You can also hold trades overnight and use EA’s(news trading and weekend holding allower on swing accounts).

Payment proof

FTMO is a proprietary firm incorporated in September 2015. You can request bi-weekly payouts once you get funded. You also have no profit targets to hit for withdrawals.

You can see examples of payment proof on their Youtube channel under FTMO Interviews. For example, check the two videos below:

Which broker does FTMO use?

FTMO doesn’t trade with common broker brands. They are partnered with a liquidity provider who supplies the institutional data feed with the direct market access execution model on their live corporate accounts.

As for trading platforms, you can choose from the following:

Trading instruments

FTMO allows you to trade forex pairs, commodities, indices, stocks, bonds, and cryptocurrencies with a 100:1 leverage on all accounts except swing accounts, where you are allowed to use 30:1 leverage.

FOREX:AUDCADAUDJPYAUDNZDAUDCHFAUDUSD
GBPAUDGBPCADGBPJPYGBPNZDGBPCHFGBPUSD
CADJPYCADCHFEURAUDEURGBPEURCADEURJPY
EURCHFEURUSDEURNZDNZDCADNZDCHFNZDJPY
NZDUSDCHFJPYUSDCADUSDCHFUSDJPYEURCZK
EURHUFEURNOKEURPLNUSDCZKUSDHKDUSDHUF
USDILSUSDMXNUSDNOKUSDPLNUSDRUBUSDZAR
USDSEKUSDTRYEURRUB
COMMODITIES:XAGUSDXAGEURXAGAUDXAUUSDXAUEUR
XAUAUDXPDUSDXPTUSD
INDICES:AUS200US30SPN35EU50FRA40
GER40HK50JP225US100US500UK100
UKOilUSOilVIX
STOCKS:AAPLAIRFALVGAMZNBABA
BACBAYGnDBKGnFBGOOGIBE
LVMHMSFTNFLXNVDAPFERACE
TTSLAVVOWGWMTZM
BONDS:NATGASDXERBNUSTN10
CRYPTO:BTCUSDDASHUSDETHUSDLTCUSDXRPUSD
XMRUSDNEOUSDADAUSDDOTUSDDOGEUSD

Trading fees

Trading commission:

AssetsFee terms
FOREX3 USD / LOT
COMMODITIESCommission = Contract size *Lots * Price of the instrument * Commission in %
INDICESCommission = Contract size *Lots * Price of the instrument * Commission in %
STOCKSCommission = Contract size *Lots * Price of the instrument * Commission in %
CRYPTOCommission = Contract size *Lots * Price of the instrument * Commission in %

Spread:

In order to check the live spreads login to the trading account below:

PlatformServerLogin numberPasswordDownload platform
Meta Trader 4FTMO-DemoClick here

Education & Support for traders

FTMO provides educational content on its website. You can check their blog to find a lot of educational content. Click here to check it out.

They also have their thread on ForexFactory, which you can access by clicking here. The thread is over 400 pages long, so you can get a lot of different standpoints and comments from traders that have experienced FTMO already.

Another thread is found on ForexPeaceArmy, where you can find almost 500 reviews about FTMO. You can check it out by clicking here.

They are also one of the few prop firms that have an option of a free trial before starting with the Evaluation Process so you can prepare yourself and reduce the chances of errors when you buy the actual challenge.

Traders’ comments about FTMO

FTMO has excellent feedback from their reviews.

On Trustpilot, they have a large variety of their community commenting and giving positive feedback with a great score of 4.9/5 out of 2,982 reviews. They also have a fast and reliable support team that will provide you with all the necessary information you require from them or if you are unsure of anything.

A vast majority of FTMO’s community praises the straightforwardness of their firm. From the evaluation to getting funded, straight to payouts, everything runs smoothly with their support team in the background to offer assistance if anyone requires additional information.

Another frequently mentioned comment that pops up is that FTMO is for everyone. Beginners and consistent professional traders are all welcome since FTMO has the education and performance coach to back it up and suit the needs of every individual.

Social media statistics

FTMO can also be found on social media.

They have a:

  • Facebook page with 46,966 followers,
  • Twitter account with 19,2k followers,
  • Instagram account with 146k followers, and
  • Youtube channel with 73,3k subscribers and 207 videos uploaded.

Support

FTMO has a FAQ page to find the information you require.

The support team is available on their social media, or you can directly contact them on their email support@ftmo.com.

Their customer support team is available 24/7 for emails, live chat, and WhatsApp. They communicate in 15 languages – English, German, Spanish, Portuguese, French, Italian, Czech, Hindi, Filipino, Vietnamese, Slovenian, Serbian, Ukrainian, Turkish, and Russian.

Another option you can reach them is by phone calls from Monday – Friday: 8 AM – 5 PM CE(S)T on the following number: +44 2033222983.

Conclusion

In conclusion, FTMO is a legitimate prop firm offering funding upon completion of the Evaluation Process for traders worldwide. With funding from $10,000 up to $200,000 per account in balance with a high 80% profit split, bi-weekly payments, and straightforward trading rules, it’s an excellent firm for undercapitalized traders seeking investors for their trading.

With their 2-step evaluation, you can choose between a classic program and a swing program where you can trade news and hold positions over the weekend. You can then specify your account further to normal or aggressive risk. With all that being said and an excellent scaling plan with a potential of up to $2,000,000 per trader, FTMO can favor all types of traders.

I would recommend FTMO to anyone who has been reaching consistent results for a more extended period. They have been operating since September 2015, so you can find many reviews and comments about their positive features compared to other prop firms on ForexFactory, Trustpilot, and ForexPeaceArmy.

The review about FTMO was lastly updated on 26.08.2022 at 10:34 (CE(S)T).

So, what do you think about the layout of the Proprietary Trading firm? Does FTMO have the instruments that you want to trade?

Let us know if you enjoyed our FTMO Proprietary Trading firm review!

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