Overview
Established in 2015 in Prague, Czech Republic, FTMO has emerged as a prominent proprietary trading firm. It offers traders the opportunity to manage accounts with balances up to $400,000, with the potential to scale up to $2,000,000. FTMO’s mission is to identify and support talented traders by providing them with the necessary resources and capital to succeed in the financial markets.
Evaluation Model
FTMO’s evaluation comprises two stages:
FTMO Challenge:
- Profit Target: 10% of the initial balance
- Maximum Daily Loss: 5% of the initial balance
- Maximum Loss: 10% of the initial balance
- Minimum Trading Days: 4
Verification:
- Profit Target: 5% of the initial balance
- Maximum Daily Loss: 5% of the initial balance
- Maximum Loss: 10% of the initial balance
- Minimum Trading Days: 4
Upon successful completion, traders receive an FTMO Account to continue trading under the firm’s funding.
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Trading Objectives:
The primary trading objectives during the evaluation phases include:
- Profit Targets:
- Challenge: 10%
- Verification: 5%
- Challenge: 10%
- Drawdown Limits:
- Maximum Daily Loss: 5% of the initial balance
- Maximum Loss: 10% of the initial balance
- Maximum Daily Loss: 5% of the initial balance
- Minimum Trading Days: 4 per phase
- Time Limits: No maximum duration; traders can take as long as needed
Profit Split
FTMO offers a competitive profit-sharing model:
- Standard: 80% to the trader
- With Scaling Plan: Up to 90%
Traders are rewarded for consistent performance with a higher share of profits.
Deposits & Withdrawals
- Payout Frequency: Bi-weekly (first payout available after 14 days)
- Processing Time: Typically within 1–2 business days upon confirming the invoice
- Minimum Payout:
- Bank Transfer: $20
- Cryptocurrency: $50
- Bank Transfer: $20
FTMO ensures prompt and reliable payouts to its traders.
Payment Methods
FTMO accepts various payment methods for purchasing the FTMO Challenge:
- Bank Wire Transfer
- Credit/Debit Cards (Visa, MasterCard, Maestro)
- Skrill
- Cryptocurrencies
These options cater to a global clientele, providing flexibility in funding.
Maximum Funded Capital
- Initial Maximum Allocation: $400,000 per trader/strategy
- With Scaling Plan: Up to $2,000,000
Traders demonstrating consistent profitability can manage larger account sizes over time.
Drawdown Rules
- Maximum Daily Loss: 5% of the initial balance
- Maximum Loss: 10% of the initial balance
Exceeding these limits results in the termination of the account, emphasizing the importance of risk management.
Trading Platforms
FTMO supports multiple trading platforms:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- cTrader
- DXtrade
These platforms are accessible on Windows, macOS, iOS, Android, and web browsers, providing flexibility for traders.
Scaling Plan
FTMO offers a performance-based Scaling Plan that allows traders to increase their account balance and profit share. Key features include:
Eligibility Criteria:
- Minimum of 4 months of trading
- At least 10% total net simulated profit
- At least two processed rewards
- Positive account balance at the time of scale-up
Benefits:
- 25% increase in account balance
- Profit split increased to 90%
- Maximum account balance up to $2,000,000
This plan incentivizes consistent performance and disciplined trading.
Trading Conditions
FTMO provides a simulated trading environment that closely mirrors real market conditions. Key aspects include:
- Platforms: MetaTrader 4, MetaTrader 5, cTrader, and DXtrade
- Execution: Simulated trades with real market data
- Risk Parameters:
- Maximum Daily Loss: 5% of the initial balance
- Maximum Loss: 10% of the initial balance
- Maximum Daily Loss: 5% of the initial balance
These conditions are designed to promote responsible risk management and trading discipline.
Customer Support
FTMO offers comprehensive customer support to assist traders:
- Availability:
- Email: 24/7 support
- Live Chat: 24/7 support
- WhatsApp: 24/7 support
- Phone: Available Monday to Friday, 9 am – 5 pm CE(S)T
- Email: 24/7 support
- Languages Supported: 18 languages, including English, German, Spanish, French, Italian, Czech, Japanese, and more
This multilingual support ensures traders from various regions receive timely and effective assistance.
Awards
FTMO has received multiple accolades, including:
- Forbes 2024 recognition
- Finance Magnates London Summit Best Prop Trading Firm/Provider 2023 & 2024
- Deloitte Fast 50 Central Europe 2023
- EY World Entrepreneur Of The Year 2022
These awards highlight FTMO’s commitment to excellence in the proprietary trading industry.
Available Trading Instruments
FTMO offers a diverse range of trading instruments:
- Forex (44 currency pairs)
- Commodities (Gold, Oil, etc.)
- Indices (e.g., S&P 500, DAX)
- Cryptocurrencies (Bitcoin, Ethereum, etc.)
- Stocks
- Bonds
This variety allows traders to implement various strategies across different markets.
Overall Rating
Below is a summary of FTMO’s offerings, rated out of 10:
Category
Rating
Evaluation Process
9.0
Trading Objectives
8.5
Payment Methods
8.0
Trading Platforms
9.0
Awards
9.5
Trading Instruments
8.5
Scaling Plan
9.0
Overall Score
8.8
Final Verdict
FTMO stands out as a premier prop trading firm, offering a robust evaluation process, diverse trading instruments