Offers seasoned traders the opportunity to manage up to $10 million with a high leverage option, rewarding successful traders with up to 90% profit share.
At A Glance:
Capital Access: Funding packages from $10,000 up to $400,000
Profit Split: 80% to 90% of profits go to traders.
Daily Loss Limit: Ranges from 5% to 10%.
Maximum Drawdown: Not specified.
Profit Target: Between 5% to 20%.
Fees: Range from €155 for the 10k Challenge to €1080 for the 200k Challenge.
Investment Options: Forex, Commodities, Indices, Crypto, Stocks, Bonds.
FTMO Trading Firm has firmly established itself as a leading player in the proprietary trading space. Known for its rigorous evaluation process and significant capital allocation, FTMO offers traders an opportunity to manage accounts with substantial balances, scaling up to $400,000 initially, and potentially much more through its growth plan.
In the dynamic world of financial markets, FTMO cuts through the clutter of traditional prop firms, offering a transformative launchpad for aspiring and seasoned traders alike. Established in 2014, FTMO prioritizes trader success with a unique blend of performance-driven tools, transparent practices, and unwavering support.
Forget about minimal capital access and opaque profit sharing. FTMO empowers traders with the potential to secure accounts ranging from $10,000 to a staggering $10 million through the Elite Account program. And the best part? You keep a substantial 75% of your hard-earned profits, maximizing your financial rewards.
Whether you’re a forex maestro or a crypto champion, FTMO caters to your trading preferences with a diverse range of instruments and flexible platforms like TradingView, Trading Evolution, MetaTrader 4, and MetaTrader 5. The evaluation process, though rigorous, remains achievable, paving the way for funded success with realistic targets and manageable risk parameters.
But funding is just the beginning. FTMO champions community and growth, offering a wealth of resources like live mentoring, webinars, and video tutorials to help you hone your skills. And the commitment to affordability is admirable, with refundable fees upon successfully completing evaluation stages.
FTMO’s evaluation process is meticulously designed to sift and support talented traders. It unfolds in three stages:
FTMO’s unique scaling plan allows for a 25% capital increase every four months, subject to meeting specific profit benchmarks. Over time, this could see a trader managing up to $400,000, with no upper cap stated for scaling. This plan is a significant motivator for traders aiming for long-term success and growth with the firm.
FTMO requires a one-off fee for the evaluation process, determined by the chosen account size and risk level. This fee ranges from €155 for a 10k Challenge to €1080 for a 200k Challenge. Notably, this fee is reimbursed with the trader’s first profit payout, reflecting FTMO’s commitment to rewarding successful trading. There are no recurring or hidden fees.
FTMO supports popular platforms like MetaTrader 4, MetaTrader 5, and cTrader. Traders have access to a wide array of instruments, including forex, indices, stocks, bonds, cryptocurrencies, and commodities. The firm offers leverage up to 1:100, accommodating various trading styles and strategies.
Education is a cornerstone of FTMO’s approach. The firm provides a comprehensive educational program, personal mentoring, and access to a community of traders. This support system is geared towards helping traders refine their strategies, overcome challenges, and achieve consistent profitability.
FTMO’s customer support is a standout feature, with a dedicated team available via multiple channels, speaking 17 different languages. This support is crucial for traders throughout the evaluation process and beyond, ensuring assistance is always at hand.
FTMO’s framework is a meticulously designed pathway that evaluates, nurtures, and scales trading talent. This comprehensive system is built on three pillars: the Evaluation Process, Trading Objectives, and the Scaling Plan.
The Evaluation Process at FTMO is a multi-step procedure designed to assess a trader’s skills, discipline, and adaptability to the firm’s trading environment. This process is divided into three distinct stages:
This is the entry point for all aspiring FTMO traders. The challenge is a test of one’s trading abilities under predefined conditions. It requires traders to demonstrate their skill in observing the firm’s Trading Objectives. Successful completion of this challenge is a prerequisite to advance to the Verification stage.
Post the FTMO Challenge, the next hurdle is the Verification stage. This phase is pivotal as it confirms a trader’s consistency and ability to replicate their success over a longer period. Passing the Verification stage is a testament to a trader’s enduring discipline and skill, leading to the offer of trading with an actual FTMO Account.
Successful navigation through the first two stages leads to becoming an FTMO Trader. Here, the trader is entrusted with an FTMO Account and embarks on the journey of real trading with potential profits. Consistent performance at this stage not only reaps up to 90% profit sharing but also opens the doors to the Scaling Plan, which is the pinnacle of FTMO’s offering.
Before embarking on the FTMO trading journey, understanding and adhering to the Trading Objectives is crucial. These objectives are a set of criteria that ensure traders can efficiently manage risk and demonstrate disciplined trading. Key components of these objectives include:
The Scaling Plan is an innovative feature of FTMO, designed to reward consistent and profitable traders. The plan works as follows:
FTMO’s payout system is flexible and tailored to the needs of its traders. It features:
FTMO provides access to renowned trading platforms like MT4, MT5, DXtrade, and cTrader. These platforms are equipped with features catering to a wide range of trading strategies and styles. The firm’s commitment to simulating real market conditions is evident through its offering of low spreads, competitive commissions, and a leverage of 1:100.
FTMO goes beyond just offering a trading platform. It enriches the trader’s experience with:
FTMO Academy stands as a pivotal element in the journey of a trader, providing an extensive educational platform that delves into both the basic and advanced aspects of trading. The academy’s curriculum covers a wide range of topics, making it a comprehensive resource for anyone looking to deepen their understanding of the trading world. Here’s what makes the FTMO Academy a unique and valuable learning destination:
The academy offers an in-depth exploration of various critical trading concepts. This includes an understanding of financial markets, diverse trading instruments, and the functionalities of different trading platforms. The academy also imparts knowledge in trading analysis and strategy development, tailoring it to align with individual risk tolerance and trading goals.
FTMO emphasizes practical learning. To facilitate this, the academy provides access to a risk-free environment where acquired knowledge can be applied in real market conditions. This free trial is a cornerstone of the FTMO learning experience, allowing traders to hone their skills without the risk of losing real money.
The academy is not just about theoretical knowledge; it also focuses on offering insights and guidelines that help traders navigate the often complex and dynamic world of trading. New traders, in particular, find this invaluable as it aids in avoiding common pitfalls and mistakes that are typical in the trading journey.
With markets that are constantly evolving, FTMO Academy ensures its curriculum is up-to-date. This approach helps traders stay informed about the latest market trends, news, and analysis, which is crucial for making informed trading decisions.
FTMO is on a mission to find serious traders globally, and the academy plays a critical role in this quest. It serves as a platform to unlock the potential of countless aspiring traders worldwide, equipping them with the education, training, and support necessary to succeed in the trading world.
FTMO Academy enhances the learning experience with interactive elements like exams and progress tracking. These features are designed to test and reinforce the knowledge gained through the lessons. Additionally, the academy provides resources like instructional videos that guide users on how to navigate and utilize the platform effectively.
One of the most appealing aspects of the FTMO Academy is its accessibility. The academy is offered free of charge, making it an inclusive option for anyone embarking on or looking to advance their trading career.
FTMO Academy represents a vital resource for both novice and experienced traders. It’s an investment in knowledge and skills that can significantly impact a trader’s journey, especially for those aiming to become proficient FTMO Traders and manage substantial accounts.
FTMO’s Premium Programme is a high-level initiative designed for elite traders to access exclusive benefits and opportunities. It comprises distinct levels, each offering its own set of rewards and criteria for qualification.
The Prime Status is the entry-level of the Premium Programme, offering a broad range of benefits. The criteria to achieve this status include:
Supreme Status is the next tier in the Premium Programme, attainable through meeting specific criteria:
Quantlane, an integral part of FTMO’s Premium Programme, represents the ultimate level for Supreme Status traders. It’s a traditional proprietary trading firm operating under FTMO, staffed by a diverse team of professionals. Qualifying for Supreme Status offers the chance to be assessed for a position at Quantlane, potentially leading to:
Yes, FTMO is a legit prop trading firm. FTMO’s credibility is bolstered by its transparent business model, significant payouts to successful traders, and a robust educational support system. The firm has a positive reputation in the trading community and is regarded as a legitimate and respected prop trading firm.
Opinions on FTMO vary, but they often center around its unique approach to prop trading. Some commend its transparency and focus on trader success, highlighting the achievable evaluation process, performance-driven tools, and robust support system. Others appreciate the flexibility and potential for high capital access, with scaling opportunities and a generous 75% profit share.
However, the rigorous evaluation and strict risk management rules might deter some aspiring traders. Additionally, the fees, though refundable, can present a barrier for newcomers.
Ultimately, FTMO seems best suited for dedicated and skilled traders who crave a well-structured path to trading mastery and access to significant capital. Its focus on risk management and performance ensures only genuine talent flourishes, making it a potentially rewarding, but demanding, choice.
Remember, your individual experience with FTMO will depend on your trading goals, risk tolerance, and commitment to improvement. Weigh the pros and cons carefully before embarking on their evaluation process.
Our Rating: 4.8/5 (See How We Came Up With This Rating)
FTMO emerges as a top-tier prop trading firm, offering a challenging yet rewarding pathway for traders. With its focus on real capital, educational support, and scalable growth opportunities, FTMO is ideal for traders dedicated to developing a serious career in the trading world.
5.0/5
Overal Rating
Initially, traders can manage up to $400,000, which can increase significantly through the firm's scaling plan.
FTMO offers a range of account sizes with access to numerous trading instruments like forex, stocks, cryptos, and more.
FTMO provides comprehensive educational programs, personal mentoring, and community support for traders at FTMO academy.
Yes, there's a one-time fee for the evaluation process, which is reimbursed upon the first profit payout.
