FTMO is the fastest growing prop firm in the trading industry. To be a funded trader with FTMO, you must 2-steps Assessment phases on both of their offered funding models. Let’s see what more they have in bag to offer for the global traders.
FTMO, founded in 2014 in the Czech Republic, is an international proprietary trading company. It provides traders with an opportunity to showcase their skills and offers a two-step testing process. Upon successful completion, traders receive a $400,000 account to trade with, and FTMO closely monitors account growth. The company operates in compliance with European financial legislation and is regulated by the local authority.
Who are FTMO?
FTMO is a proprietary trading firm established in September 2015, with its main offices situated in Prague, Czech Republic. This dynamic firm provides traders with the unique opportunity to trade with substantial capital, offering balances of up to $2,000,000. What sets FTMO apart is their attractive profit-sharing model, allowing traders to retain up to 90% of their trading profits.
One of the key strengths of FTMO lies in their strategic partnership with a prominent liquidity provider. This collaboration ensures access to institutional-grade data feeds and enables a direct market access execution model for traders operating on their live corporate accounts. This direct access to the markets empowers traders with a competitive edge and enhances their trading experience.
FTMO’s headquarters can be found at Opletalova 1417/25, 110 00 Prague, Czech Republic. This central location not only serves as the heart of their operations but also exemplifies their commitment to transparency and accessibility for traders around the world.
In summary, FTMO stands out as a leading proprietary trading firm, offering substantial capital, attractive profit-sharing arrangements, and cutting-edge market access. Their strategic partnerships and commitment to excellence have positioned them as a trusted platform for traders looking to elevate their trading endeavors.
Who is the CEO of FTMO?
Otakar Suffner is the CEO of FTMO, hailing from Prague. He holds a master’s degree in Economics from a major Prague university, and he also studied at Seoul National University in South Korea. Otakar is a fitness enthusiast who dedicates 3-4 days a week to sports like fitness, calisthenics, and kickboxing.
His trading journey began nearly a decade ago with Futures and later shifted to Forex and CFDs, offering more flexibility in position sizing. Otakar’s trading philosophy centers around statistics and probabilities, allowing him to craft unique and data-driven trading strategies. His story demonstrates that success in trading doesn’t always require a traditional educational path.
Why You Should Consider FTMO
FTMO addresses common challenges faced by traders, such as undercapitalization, fear of losing personal funds, psychological pressures, lack of discipline, growth limitations, and insufficient support. By trading with FTMO, you can manage an account with a substantial initial balance, benefit from profit sharing, and enjoy additional support and resources to enhance your trading edge. Furthermore, FTMO covers any losses incurred on the account, providing traders with peace of mind.
Steps To Get Funded
FTMO offers two evaluation options for traders: the Challenge and Verification stages. Traders need to pass these stages to qualify for funding. The Challenge evaluates trading skills, while the Verification stage focuses on consistency. Upon successful completion, traders receive the funded account.
FTMO Scaling Plan
FTMO’s Scaling Plan allows traders to increase their account balance and profit split based on their performance. Traders can achieve incremental capital increases every four months by meeting specific growth criteria, with higher profit splits and account scaling. The plan provides opportunities for account growth and increased earnings.
Trading Instruments
FTMO offers traders a diverse array of trading instruments, encompassing forex pairs, commodities, indices, stocks, bonds, and cryptocurrencies. Traders can opt for normal evaluation programs featuring a 1:100 leverage or more aggressive ones with a 1:30 leverage to align with their unique trading preferences. FTMO provides a gateway to explore an expansive world of trading opportunities.
Forex:
| AUDCAD | AUDJPY | AUDNZD | AUDCHF | AUDUSD | EURRUB |
| GBPAUD | GBPCAD | GBPJPY | GBPNZD | GBPCHF | GBPUSD |
| CADJPY | CADCHF | EURAUD | EURGBP | EURCAD | EURJPY |
| EURCHF | EURUSD | EURNZD | NZDCAD | NZDCHF | NZDJPY |
| NZDUSD | CHFJPY | USDCAD | USDCHF | USDJPY | EURCZK |
| EURHUF | EURNOK | EURPLN | USDCZK | USDHKD | USDHUF |
| USDILS | USDMXN | USDNOK | USDPLN | USDRUB | USDZAR |
| USDSEK | USDTRY |
COMMODITIES:
| XAGUSD | XAGEUR | XAGAUD | XAUUSD | XAUEUR | XPTUSD | XAUAUD | XPDUSD |
INDICES:
| AUS200 | US30 | SPN35 | EU50 | FRA40 |
| GER40 | HK50 | JP225 | US100 | US500 |
| UK100 | UKOil | USOil | VIX |
STOCKS:
| AAPL | AIRF | ALVG | AMZN | BABA |
| BAC | BAYGn | DBKGn | FB | GOOG |
| IBE | LVMH | MSFT | NFLX | NVDA |
| PFE | RACE | T | TSLA | V |
| VOWG | WMT | ZM |
BONDS:
| NATGAS | DX | ERBN | USTN10 |
CRYPTO:
| BTCUSD | DASHUSD | ETHUSD | LTCUSD | XRPUSD |
| XMRUSD | NEOUSD | ADAUSD | DOTUSD | DOGEUSD |
Trading Fees
Trading commission:
| Assets | Fee Terms |
|---|---|
| FOREX | 3 USD / LOT |
| COMMODITIES | Commission = Contract size * Lots * Price of the instrument * Commission in % |
| INDICES | Commission = Contract size * Lots * Price of the instrument * Commission in % |
| STOCKS | Commission = Contract size * Lots * Price of the instrument * Commission in % |
| CRYPTO | Commission = Contract size * Lots * Price of the instrument * Commission in % |
Comparison Between FTMO and Other Prop Trading Firms
FTMO sets itself apart from most other top-tier proprietary trading firms through its unique two-phase evaluation program, offering traders a choice between two distinct account types: normal and aggressive. What further distinguishes FTMO is its enduring presence in the industry since 2015, solidifying its reputation as one of the most dependable options available.
Example of comparison between FTMO & E8 Funding
| Trading Objective | FTMO | E8 Funding (Normal) |
|---|---|---|
| Phase 1 Profit Target | 10% | 8% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 5% |
| Maximum Loss | 10% | 8% (Scaleable up to 14%) |
| Minimum Trading Days | 4 Calendar Days | No Minimum Trading Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 80% up to 90% | 80% |
In contrast to competing prop firms, FTMO’s normal evaluation program introduces a two-phase assessment process that mandates traders to navigate both phases before becoming eligible for payouts. Phase one requires achieving a 10% profit target, followed by a 5% target in phase two. Alongside these goals, there are strict daily loss limits of 5% and overall loss limits of 10%. Additionally, traders must engage in a minimum of 4 trading days within each phase before attaining funding. The normal evaluation program accounts also feature a scaling plan. When compared to other leading prop firms in the industry, FTMO’s requirements for profit, trading days, and loss management are notably competitive.
Example of comparison between FTMO & FundedNext
| Objective | FTMO | FundedNext (Stellar) |
|---|---|---|
| Phase 1 Profit Target | 20% | 8% |
| Phase 2 Profit Target | 10% | 5% |
| Maximum Daily Loss | 10% | 5% |
| Maximum Loss | 20% | 10% |
| Minimum Trading Days | 4 Calendar Days | 5 Calendar Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 80% up to 90% | 90% |
Meanwhile, FTMO’s aggressive evaluation program mirrors the two-phase structure of its normal counterpart, with traders needing to successfully navigate both phases for payout eligibility. Phase one demands a 20% profit target, followed by a 10% target in phase two. This more ambitious approach is balanced by daily loss limits of 10% and overall loss limits of 20%. Just like the normal evaluation program, a minimum of 4 trading days in each phase is required before traders can access funding. The aggressive evaluation program accounts also incorporate a scaling plan. When measured against other industry-leading prop firms, FTMO’s aggressive program stands out with its above-average profit targets, robust drawdown limitations, and more demanding minimum trading day requirements.
Payment Proof
FTMO disburses payouts to traders every two weeks, and there are no profit thresholds or withdrawal requirements. Traders can request payments, and the company has provided sample evidence of payment, including withdrawal certificates and completion certificates.
Education or Forum Support
When it comes to your trading journey, the right support and education can make all the difference. FTMO, a renowned prop trading firm, offers two essential avenues for traders: education and forum support.
Education:
FTMO understands the importance of knowledge in the world of trading. On their website, you’ll find a treasure trove of educational content. Whether you’re a beginner or an experienced trader, their blog is a valuable resource. It’s packed with articles, guides, and insights that can help you sharpen your trading skills. So, if you’re looking to expand your trading knowledge, simply click hereto explore their educational content.
Forum Support:
In the world of trading, diverse perspectives and insights are invaluable. FTMO recognizes this and hosts an extensive thread on ForexFactory with over 400 pages of discussions. This forum is a melting pot of ideas, experiences, and viewpoints from traders who have already journeyed with FTMO. By diving into this thread, you can gain insights that go beyond the ordinary, helping you make informed decisions on your trading path. To join the conversation, click here.
But that’s not all. FTMO’s presence extends to ForexPeaceArmy, where you’ll discover nearly 500 reviews about their services. These reviews offer a real-world glimpse into what it’s like to trade with FTMO. You can find this wealth of information by clicking here.
Additionally, FTMO sets itself apart by offering a unique feature: a free trial before starting the Evaluation Process. This trial allows you to prepare yourself and reduce the chances of errors when you decide to take on the actual challenge. It’s a practical way to test the waters and ensure you’re ready for the journey ahead.
Subscription & Profit Withdrawal Methods
FTMO starts its one-time refundable subscription fee of €155. Withdrawals are processed within 1-2 business days and can be received via bank wire transfer, Skrill, or cryptocurrencies. The company does not charge commissions for withdrawals but may have minimum closed profit requirements to cover transaction fees.
Brokers That Are Used By FTMO
Traders can trade the FTMO Challenge, Verification, and FTMO Account on popular retail platforms such as MetaTrader 4, MetaTrader 5, or cTrader. US citizens and permanent residents are not eligible for the cTrader platform due to regulatory reasons.
Traders Opinion
Trustpilot users from many walks of life have spoken positively on the company and given it a stellar rating of 4.9 stars out of a possible 5. If you have any questions or concerns, you can contact their prompt and helpful customer service team for answers.
The bulk of FTMO’s user base has nothing but admiration for the company’s transparency. Their support staff is there to help at every stage of the process, from the initial assessment through the funding and finally the payouts, should anyone have any questions.
The idea that FTMO is open to anyone also comes up rather often. Because of the extensive educational resources and dedicated performance coach at FTMO, traders of various skill levels and consistency can find a home there.
Customer Support at FTMO: A 24/7 Lifeline for Traders
For traders at FTMO, reliable customer support is the cornerstone of their trading experience. FTMO is dedicated to being there whenever traders require assistance or have inquiries.
- FAQ Page: The First Point of Reference
Before contacting the dedicated support team, traders are encouraged to explore FTMO’s extensive FAQ page. It’s a valuable resource that may already have the answers they seek.
Multiple Channels for Convenience
FTMO believes in providing accessible and convenient support for its diverse global community of traders. Traders have various options to connect with the support team:
1. Email: Traders can reach out via email anytime at support@ftmo.com, with responses available 24/7, seven days a week.
2. Live Chat: Instant assistance is just a click away with FTMO’s 24/7 live chat support. Whether it’s the middle of the night or a quick question during a lunch break, the support team is ready to assist.
3. WhatsApp: FTMO also offers support through WhatsApp, ensuring traders can get help around the clock. A simple message is all it takes to receive guidance.
- Multi-Lingual Support
Effective communication is essential, and FTMO aims to speak the trader’s language. The customer support team is proficient in 15 languages, including English, German, Spanish, Portuguese, French, Italian, Czech, Hindi, Filipino, Vietnamese, Slovenian, Serbian, Ukrainian, Turkish, and Russian. Wherever traders are from, FTMO is equipped to assist.
- Phone Support for a Personal Touch
Sometimes, a direct conversation can resolve issues more efficiently. FTMO provides phone support from Monday to Friday, between 8 AM and 5 PM CE(S)T, at +44 2033222983. Traders can count on a warm and helpful team during these hours.
Final Thoughts
FTMO is a reputable prop trading firm that provides traders with funding opportunities. Their structured trading program, risk management emphasis, and potential for capital growth make them an appealing choice for traders seeking support and resources. Please note that the information provided is based on the review links provided and has been compiled according to the outline provided.
