FTMO Review
FTMO, officially recognized as FTMO Evaluation Global s.r.o., was established in September 2015. Situated in Prague, Czech Republic, this proprietary trading company is overseen by CEO Otakar Suffner. FTMO offers traders the choice of a unique two-stage evaluation process while collaborating with a tier-1 liquidity provider, ensuring optimal simulated real market conditions through their brokerage services.
- Platforms for Prop Trading: MetaTrader 4, MetaTrader 5, cTrader, DX Trade
- Participation cost: from $155
- Available capital for management: from $10,000 to $200,000
- Leverage Available up to 1:100
- Free Trial Period
- Account Denominations in USD, GBP, EUR, CZK, CAD, AUD, & CHF
- Unlimited Duration for Trading Positions
- Initial Withdrawal Post 14 Days
- Payments Every Two Weeks
- Revenue Sharing from 80% to 90%
Go to the FTMO website >>>
Expert Advisors Suitable for this Prop Firm:
FTMO Funding Programs
FTMO is an organization dedicated to fostering successful trading careers, seeking disciplined traders adept at managing risks with a focus on long-term consistency. Traders have the chance to generate significant earnings, with the ability to handle account sizes as large as $200,000 and benefit from up to 90% profit shares. This opportunity spans trading a diverse range of financial instruments, such as forex pairs, commodities, indices, stocks, and cryptocurrencies.
FTMO Evaluation Program
FTMO rules:
Profit Objective – Traders are required to meet a specific profit percentage to successfully complete an evaluation phase, access withdrawals, or scale their trading account. For Phase 1, the profit objective is 10%, while for Phase 2, it is 5%. Funded accounts are not subject to any preset profit objectives.
Daily Loss Limit – This is the maximum amount a trader can lose in a single day without violating the account's conditions. All account sizes are subject to a daily loss limit of 5%.
Overall Loss Limit – This cap represents the total amount a trader can lose without jeopardizing the account. For all account sizes, the overall loss limit is set at 10%.
Minimum Active Trading Days – This is the required number of trading days a trader must engage before completing an evaluation phase successfully. Both phases require a minimum of 4 trading days.
News Trading Ban – Trading is restricted during times of high-impact news announcements. This rule prohibits initiating or closing trades on the affected instruments within a 2-minute window before and after such news is released.
Participation cost:
- $10,000 - €155
- $25,000 - €250
- $50,000 - €345
- $100,000 - €540
- $200,000 - €1,080
FTMO's Evaluation Program offers traders the chance to handle account sizes ranging from $10,000 to $200,000. The goal is to discover proficient traders who can consistently generate profits and manage risks effectively during a two-step evaluation process. Participants in the program can utilize leverage up to 1:100 and select their account currency from USD, GBP, EUR, CZK, CAD, AUD, and CHF.
In the first evaluation phase, traders are tasked with achieving a 10% profit target while adhering to a 5% maximum daily loss and a 10% overall loss limit. There are no upper limits on trading days during this phase, but traders must engage in trading for at least four days to advance to the next phase.
The second evaluation phase sets a profit target of 5%, with the same loss restrictions as the first phase. Like the initial phase, there are no maximum trading day requirements, but a minimum of four trading days is necessary to qualify for a funded account.
Upon successful completion of both phases, traders receive a funded account with no minimum withdrawal constraints. They must continue to observe the 5% maximum daily loss and 10% maximum loss rules. The first payout occurs 14 calendar days after the initiation of the first trade in the funded account, with subsequent bi-weekly withdrawals possible. The profit share allocated ranges from 80% to 90%, depending on the profits generated in the funded account.
The Evaluation Program includes a scaling plan designed to reward consistent profitability. If a trader achieves an average return of 10% over a four-month period and successfully makes at least two withdrawals, they become eligible for a 25% increase in their initial account size. Moreover, once a trader successfully scales their Evaluation Program for the first time, their profit share increases to 90%.
Here’s how it works in practice:
- After 4 Months: A trader with a $100,000 account who meets the criteria will see their account size increase to $125,000.
- After the Next 4 Months: If the trader continues to meet the performance benchmarks, the $125,000 account would increase to $150,000.
- After Another 4 Months: Continuing this pattern of success, the account size would further expand to $175,000.
This progression continues in similar increments as long as the trader maintains the required level of profitability and successful withdrawals.
The Best Prop Firm passed software are here:
FTMO, a proprietary trading firm established in September 2015, boasts a substantial community of traders who have achieved funded status and are entitled to a share of the profits.
Upon reaching funded status through FTMO’s Evaluation Program, traders are eligible to receive their initial payout 14 calendar days after their first trade. Subsequent payouts are available every 14 days, provided the profits exceed the initial account size. The profit split offered is quite attractive, ranging from 80% to 90%, depending on the profits generated on the funded account.
For verification of FTMO’s payment practices, one can refer to multiple online platforms. Trustpilot features reviews from many traders who share their experiences and confirm the payout process with FTMO. Additionally, both the FTMO Discord channel and their YouTube channel serve as resources where prospective and current traders can view payout certificates and watch interviews with some of the most successful traders.
Visual examples of these payout certificates and other payment proofs are typically showcased in their multimedia content.
FTMO Review and Our opinion about this Prop Firm
In conclusion, FTMO stands as a distinguished and reliable proprietary trading firm, offering traders the chance to engage with their singular funding program, the Evaluation Program, which involves a comprehensive two-step assessment.
The Evaluation Program at FTMO is structured as a rigorous industry-standard two-phase evaluation that necessitates the fulfillment of each phase before a trader can manage a funded account and secure profit splits ranging from 80% to 90%. To qualify for funding, traders need to achieve a 10% profit target in the first phase and a 5% target in the second phase, which are considered practical objectives given the constraints of a 5% maximum daily loss and a 10% maximum overall loss. Time constraints are flexible, with no maximum trading day requirements, though each phase mandates a minimum of four trading days.
Additionally, the Evaluation Program includes a scaling plan that enhances the potential for increasing the initial account balance, making it an appealing feature for ambitious traders.
FTMO is highly recommended for those in search of a reputable proprietary trading firm that not only offers excellent trading conditions but also caters to a diverse array of trading styles through unique features like an unlimited trading period, an initial withdrawal after just 14 calendar days, bi-weekly subsequent payouts, and an elite premium program. With its comprehensive offerings and proven track record, FTMO is rightfully considered one of the leading proprietary trading firms globally.
