FTMO Review 2024

What is FTMO?

FTMO is a financial technology firm that provides funding to traders who want to trade in the forex market. It was founded in Prague, Czech Republic in 2014. The firm provides traders with capital for trading by examining their performance in real-time simulated accounts. This performance-based examination becomes the blueprint that the firm uses to select the traders that will have access to an account with capital that can be used for trading forex and other assets in the financial markets. FTMO believes that there is a need for better feedback, discipline, and more capital to give traders a better chance of succeeding in the financial markets. Therefore, traders registered on the website of this firm are given tools that allow them to effectively study the markets, available products, and trading system, while at the same time imbibing the right mindset. This will help the traders to create a reliable strategy that fits their specific financial personalities and goals. FTMO is constantly ensuring to enhance the tools and applications used for coaching and feedback to bring about improved results. There is also an emphasis on professional support, personal approach, and transparency so that traders have a clear idea of what the company is trying to help them achieve. The company is also trying to create a global platform in which there will be a unique group of retail traders using the firm’s capital for various forms of trading while there will also be room for investors to invest in a portfolio of traders that interest them. FTMO gives retail traders the chance to have access to the trading evaluation process which can make these traders eligible to have an FTMO account to manage that is connected to the firm.

What is the Review Rating of FTMO?

What are the Pros of FTMO?

FTMO is a platform that offers traders a chance to trade with substantial capital while providing a structured evaluation process. The platform offers traders the opportunity to trade up to $200,000 on an FTMO account and receive up to 90% of the profits they generate. This financial backing can be a game-changer for traders who are looking to scale up their trading activities and achieve their financial goals. FTMO has a global presence, with traders from over 180 countries participating in their program. The high trading activity on the platform showcases the substantial trading volume and liquidity available to FTMO traders. It also suggests a vibrant and active community of traders. FTMO’s commitment to efficiency is evident in its quick payout processing time. Traders can access their earnings swiftly, which is crucial for those who rely on trading as their primary source of income. The heart of FTMO’s offering lies in its unique two-step evaluation process, designed to identify and nurture trading talents. This stage serves as a testing ground for aspiring traders to showcase their trading skills and discipline. Unlike many other firms, FTMO allows clients to trade on not just the MetaTrader 4 platform but also MetaTrader 5 and cTrader. Traders receive a 70% profit split. Furthermore, unlike numerous companies, FTMO permits traders to trade several markets, namely forex, commodities, indices, and cryptocurrencies, which provides wider options. By prioritizing risk management, FTMO helps traders develop a disciplined approach to trading, which is essential for long-term success. Furthermore, FTMO Forex provides traders with a unique profit-sharing model.

What are the Cons of FTMO?

FTMO, a proprietary trading firm, offers traders the opportunity to trade with substantial capital. However, there are several cons associated with FTMO that traders should be aware of. Firstly, FTMO keeps all traders on demo accounts, even those that have passed the FTMO Challenge and become fully funded. Although the profits are real, the trades may or may not be executed in the actual market. This could potentially limit the real-world trading experience for the traders. Secondly, FTMO charges a monthly subscription fee, which varies depending on the chosen account size. This could be a financial burden for some traders, especially those who are just starting out in forex trading. In addition, traders are subject to a profit split, where FTMO keeps a percentage of the profits generated. The profit split ranges from 30% to 50% depending on the account size. This means that traders will not retain all of their earnings, which could be a deterrent for some. Lastly, FTMO appears to better suit scalpers and day traders. Traders are not allowed to hold positions overnight or over the weekend on the live FTMO account. This restriction could be a significant drawback for those who prefer to hold orders over several days or weeks. In conclusion, while FTMO provides substantial trading capital and a structured evaluation process, it also has several cons that traders should consider before deciding to trade with them.

What are the FTMO Current Promos?

FTMO offers a Premium Programme for elite traders, providing exclusive opportunities and rewards. The programme has two main levels: Prime Status and Supreme Status, with the potential to reach a third level. To achieve Prime Status, traders must have an active FTMO Account of any size, maintain a clean record with no failed FTMO Account within the last 4 months, and achieve 4 payouts on a single order, with a minimum profitability of 4% per payout. Prime Status benefits include a free FTMO Challenge of the same size as the qualified FTMO Account, a dedicated customer support agent, a 90% payout ratio, and access to the unique $400K FTMO Challenge product. Supreme Status requires active participation with the Prime Status for 3 months with at least 3 payouts and 4% profitability per payout. Supreme Status benefits include all Prime benefits, immediate payout, $1M Max. Capital Allocation, and an opportunity to move to Quantlane. There are also exclusive discounts: 10% off all new purchases of FTMO Challenges and 15% off at the FTMO e-shop during the Premium Programme. Additionally, there are currently 5 active promo codes that can be used on FTMO, which can help you save up to $200,000. ‘No Code Needed’ is the latest promotional code.

What are the FTMO Highlights?

FTMO is a platform that offers traders a chance to trade with substantial capital. It provides a structured evaluation process to ensure that only the most talented and disciplined traders gain access to these resources. The platform offers traders the opportunity to trade up to $200,000 on an FTMO account and receive up to 90% of the profits they generate. FTMO has paid out over $167M to its traders. It has a global presence, with traders from over 180 countries participating in their program. FTMO allows clients to trade on not just the MetaTrader 4 platform but also MetaTrader 5 and cTrader. Traders receive a 70% profit split. FTMO permits traders to trade several markets, namely forex, commodities, indices, and cryptocurrencies, which provides wider options. FTMO provides traders with capital for trading by examining their performance in real-time simulated accounts. This performance-based examination becomes the blueprint that the firm uses to select the traders that will have access to an account with capital that can be used for trading forex and other assets in the financial markets.

What is the FTMO Origin Story?

FTMO, initially known as Ziskejucet.cz, was conceived in 2014 in a small Prague office. A group of young day traders, including the three future founders, joined forces. Each contributed to one’s trading system and different ideas about money and risk management. They shared a common belief that professionalism can only be achieved through strong discipline in observing one’s own rules. Rigorous self-discipline, team spirit, and unobtrusive supervision of other traders formed the backbone of conscientious and successful trading. The need for better discipline, feedback, and more capital was a source to many traders in their circles, which led to the inception of this project. Despite numerous disappointments and obstacles, they persevered. They found inspiration in helping traders who initially seemed confused to gradually become confident and profitable. As the project grew, they were able to secure more funds. In May 2017, they launched the international version of the project, FTMO.com. They are grateful to the traders for their support, comments, insights, and of course, the business efficiency in the management of their capital. They continue to seek and develop up-and-coming traders and turn them into professionals. They are continually improving the tools and applications for coaching and feedback. They are preparing to develop the project into an international investment company. This change will allow them to create a global platform where retail traders trade the company capital in various ways. On the other hand, investors will have the possibility to invest into a portfolio of traders of their choice. Their goal is to create a global community of successful retail traders and build an investment portfolio that has no precedent in the world.

Is FTMO Legit and Trustworthy?

FTMO, a proprietary trading firm, has been in operation since 2015 and has paid out over $160 million to its clients. The company has been recognized by reputable organizations such as Forbes, Deloitte, and EY. FTMO’s unique 2-step Evaluation Process for traders, which includes an FTMO Challenge and a Verification, is designed to discover trading talents. Upon successful completion of the Evaluation Process, traders are offered to trade on an FTMO Account with a balance of up to 200,000 USD. FTMO has received numerous positive reviews from its clients, with many praising its transparency, customer service, and efficient payment process. However, it’s important to note that while many have had positive experiences, the world of forex trading is complex and not without risks. Therefore, potential traders should conduct thorough research and consider their financial situation before engaging with any trading firm.

Is FTMO Regulated and who are the Regulators?

The answer to your question is:. FTMO is a proprietary trading firm that offers trading challenges and funding for traders who pass their evaluation process. However, FTMO is not regulated by any financial authority and does not provide brokerage services or handle clients’ funds directly. Therefore, traders who engage with FTMO are responsible for their own risk management and compliance with the relevant laws and regulations in their jurisdiction. The regulatory status of FTMO may vary depending on the country where it operates. In some countries, such as the Czech Republic, where FTMO claims to be based, all forex and CFD brokers are required to be licensed and authorized by the Czech National Bank (CNB). However, in other countries, such as the United States, where forex trading is subject to strict regulations by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA), FTMO may not be subject to the same level of oversight as traditional brokers or investment firms. The regulatory framework for proprietary trading firms is designed to protect investors rather than traders themselves. In other words, the regulations are in place to ensure that traders are not exposed to unnecessary risks due to the firm’s activities. Regulated brokers and investment firms are often required to adhere to strict capital requirements, segregate clients’ funds, and follow specific guidelines regarding transparency and reporting. While FTMO may not be directly regulated as a proprietary trading firm, it is important to consider the regulatory environment in which the company operates. For example, if FTMO operates in a jurisdiction where financial markets are well-regulated, it can be seen as a positive indicator of the firm’s credibility and commitment to compliance. Additionally, it is important to note that regulatory oversight of the trading industry can provide traders with certain protections and safeguards. In conclusion, FTMO is not regulated by any financial authority and does not provide brokerage services or handle clients’ funds directly. Traders who engage with FTMO are responsible for their own risk management and compliance with the relevant laws and regulations in their jurisdiction. The regulatory status of FTMO may vary depending on the country where it operates. While this may raise some concerns for some traders, it is essential to understand that the regulatory framework for proprietary trading firms is designed to protect investors rather than traders themselves.

Did FTMO win any Awards?

According to the web search results, FTMO is a company that provides technical background, initial balance and trading services to amateur traders who want to trade forex and other financial instruments. FTMO has won several awards in the context of forex, such as:. Deloitte Fast 50: This is an annual ranking of the fastest growing public or private technology companies in Central Europe. FTMO won this award in 2021, after jumping a staggering 39,432 percent between 2017 and 2020. FTMO also won this award in 2019 and 2020 in the Rising Stars category. Premium Programme: This is a special programme for Prime Traders who have achieved high levels of performance and profitability with FTMO. Prime Traders can enjoy benefits such as one free FTMO Challenge of the same size as the qualified FTMO Account, a dedicated customer support agent, a special certificate for their achievement, and increased capital allocation. Leaderboard: This is a feature that shows the overview of currently most profitable active FTMO Accounts. Traders can see how much money they have made or lost with their trades, as well as their win rate, risk-reward ratio, and average profit per trade. These awards show that FTMO is a leader in prop trading in the industry and that it offers high-quality services and products to its traders.

What type of Forex Broker is FTMO?

FTMO is not a traditional Forex broker, but a Forex prop firm. It provides traders with funding, risk management, resources, and tools to help them become consistently profitable. FTMO is headquartered in the Czech Republic and has prop traders from over 180 countries. The firm has a two-step evaluation process, which consists of the FTMO Challenge and Verification stages. This process is designed to ascertain if a client has all the qualities FTMO seeks. Upon successfully passing the evaluation process, the client can be provided with access to an FTMO Account, from which they can earn a reward of up to 90% of their profits. FTMO allows a maximum leverage of 1:100 and has no strategy restrictions on the MT4, MT5, and cTrader trading platforms. It’s important to note that trading with a Forex prop firm, which is an unregulated business, requires traders to ensure that a trusted brokerage manages all accounts.

How do I get in Contact with FTMO?

FTMO, a renowned entity in the Forex trading industry, offers multiple channels for potential traders and interested parties to get in touch. The primary method of contact is via email at support@ftmo.com. For those who prefer a more direct approach, FTMO provides a phone line at +44 20 3322 2983. Additionally, FTMO has a presence on WhatsApp, with customer support available 24/7 for emails, live chat, and WhatsApp. Phone calls are answered from 9 am to 5 pm Central European Time (CET), Monday to Friday. It’s worth noting that FTMO’s customer support communicates in 16 languages. , catering to a global clientele. FTMO’s office is located at Quadrio offices, Purkynova 2121/3, 110 00 Prague, Czech Republic. FTMO also maintains a strong social media presence across platforms like Facebook, Instagram, Youtube, TikTok, and Discord. For any queries or concerns, don’t hesitate to reach out to them.

Where are the Headquarters from FTMO based?

According to the web search results, FTMO is a company that provides funding and education for forex traders. FTMO stands for Financial Technologies Management Office, and it was founded in 2014 by a team of experienced traders and developers. FTMO offers various programs and services for traders who want to improve their skills, increase their capital, and access the global forex market. FTMO’s headquarters are located in Prague, the capital city of the Czech Republic. The exact address is Prague 1, Purkynova str. 2121/3, 110 00, Czech Republic. FTMO has offices in both Europe and the United States, as well as representatives in other countries. FTMO’s office is conveniently located right in the historical centre of Prague, easily accessible by all means. FTMO’s mission is to help traders achieve their financial goals by providing them with quality education, funding opportunities, and support. FTMO has a team of over 100 employees who work hard to deliver the best service possible to its clients. FTMO also has a community of over 200,000 traders who share their experiences and feedback on various platforms. FTMO is one of the leading companies in the forex industry, offering innovative solutions for traders of all levels. Whether you are a beginner or an expert, FTMO can help you grow your trading career and reach new heights. If you are interested in joining FTMO or learning more about their products and services, you can visit their website or contact them through various channels.

What kind of Customer Support is offered by FTMO?

FTMO, a renowned entity in the forex trading industry, offers comprehensive customer support to its clients. The company provides multiple channels for communication including email, phone, and live chat. Clients can reach out to FTMO’s customer support via email at support@ftmo.com. For more immediate assistance, clients can call the support team at +44 20 3322 2983. Additionally, FTMO also offers support through WhatsApp. The customer support service is available 24/7 for emails, live chat, and WhatsApp. However, phone support is available from 9 am to 5 pm Central European Time (CET), Monday to Friday. What sets FTMO’s customer support apart is its multilingual support team. The team communicates in 16 different languages, catering to a global clientele. This ensures that clients from different regions and language backgrounds can receive assistance in a language they are comfortable with. FTMO’s commitment to providing quality customer support is evident in its responsive and multilingual support team.

Which Educational and Learning Materials are offered by FTMO?

FTMO offers a comprehensive educational program through its Academy. The Academy provides a solid foundation in both basic and advanced trading concepts. This includes understanding financial markets, trading instruments, platforms, analysis, and strategy. The Academy helps traders develop their own strategies based on risk tolerance and goals. Traders can practice all acquired knowledge in a risk-free environment in real market conditions with FTMO’s Free Trial. This allows traders to gain experience without risking real money. The Academy offers valuable insights and guidelines that help new traders avoid common pitfalls and mistakes. As the market is constantly evolving, the Academy helps traders stay up-to-date with the latest market trends, news, and analysis. FTMO is searching for serious traders around the world, and the Academy allows them to unlock the potential of hundreds of thousands of future traders. They offer the education, training, and support needed to develop the skills and knowledge necessary to become a serious FTMO Trader who can trade up to $200,000 with an FTMO Account. To fully benefit from each lesson, FTMO has created exams to test the gained knowledge with stats of progress, results, and more. Registration is required to access this feature. FTMO also offers a comprehensive digital product consisting of educational materials, trading and analytical applications, and a simulation of real trading with currency pairs and other financial instruments. This product allows FTMO clients to experience what it is like to be a real trader. The FTMO Challenge is a part of this product. It is a simulation of real trading where clients trade with fictitious capital according to pre-set transparent objectives and rules. The main purpose of this simulated trading is to test the talents and skills of FTMO clients in trading in the financial markets. If the client demonstrates his/her skills in both the FTMO Challenge and Verification, he/she can apply for a so-called FTMO Account.

Does FTMO hedge Positions?

FTMO, a financial technology firm, provides one of the most successful funded trading programs in the market. It allows traders to trade a variety of instruments and assets, including Forex. The firm does not impose restrictions on trading strategies as long as they are legitimate, conform to real market conditions, and do not resemble forbidden practices. This means traders have the freedom to employ a wide range of strategies, potentially including hedging. However, it’s important to note that while FTMO does not explicitly prohibit hedging, the firm’s objectives are better geared towards scalpers and intraday traders. This suggests that strategies involving holding positions overnight or over the weekend might not be encouraged. Furthermore, while liquidity providers, which play a crucial role in Forex trading, can hedge the positions of their clients. , it is not explicitly stated whether FTMO employs this practice. In conclusion, while FTMO does not explicitly prohibit hedging, the specifics of its implementation would depend on the individual trader’s strategy and the firm’s trading conditions.

Can anyone join FTMO?

FTMO, a proprietary trading firm, welcomes clients from all around the world. There is no special qualification required to join. All clients must be at least 18 years old. If you know how to trade profitably and with proper risk management in place, then you’re the person FTMO is looking for. However, there are some exceptions. FTMO does not provide services to persons in/from Iran, Syria, Myanmar, and North Korea, persons listed on sanction lists, persons with criminal records related to financial crime or terrorism, and persons previously banned because of breach of contract. In the case of the United States of America, FTMO does not accept clients in Louisiana, South Carolina, Montana, Arkansas, and Delaware. FTMO also does not accept clients – legal persons, who are company trusts. Due to regulatory developments and business decisions based on risk management considerations, FTMO does not accept clients in India, the Russian Federation, the Republic of Belarus, and the Republic of Indonesia.

Who should sign up with FTMO?

FTMO is a popular and trusted proprietary trading firm that offers funded accounts to traders who pass their evaluation process. FTMO accepts traders from all over the world, as long as they are at least 18 years old and have some prior knowledge of trading and risk management. FTMO also has some exceptions for certain countries and regions, such as the United States of America, India, Russia, Belarus, Indonesia, Iran, Syria, Myanmar and North Korea. If you are new to prop trading and want to try out your trading strategies with a large amount of capital and a generous profit split, then FTMO might be a good option for you. FTMO offers up to $2 million of trading capital per trader. , which is much more than most other prop firms. You can trade various instruments, such as forex, commodities, indices, bonds, stocks, metals and crypto. , depending on your preference and strategy. You can also benefit from FTMO’s trade-tracking technology and trader guidance apps that help you with risk management and profit maximization. However, before you sign up with FTMO, you should also be aware of some of the drawbacks and challenges that come with their evaluation process. First of all, you will have to start with a demo account that simulates real market conditions. This means that your trades may or may not be executed in the actual market when you get funded. Second, you will have to pass two stages of evaluation: the FTMO Challenge and the verification stage. The first stage requires you to achieve a 10% profit target within 30 days while risking no more than 10% of your account balance. The second stage requires you to maintain a 5% profit target while risking no more than 5% of your account balance. If you fail either stage or breach any of the rules or terms of service, you will lose your funded account and have to start over with a new demo account. Therefore, if you are serious about becoming an FTMO trader and want to succeed in their evaluation process, you should prepare yourself well in advance. You should have a clear trading plan that suits your personality and style. You should also practice your skills on a demo account until you are confident enough to trade with real money. You should also keep track of your performance and review your trades regularly. Finally, you should be patient and persistent in pursuing your goals. FTMO is not for everyone. It is only for traders who are willing to take risks and challenge themselves in order to achieve financial freedom through prop trading. If this sounds like something that suits you well then go ahead and sign up with FTMO today!.

Who should NOT sign up with FTMO?

FTMO, a popular proprietary trading firm, offers a unique opportunity for traders to test their strategies and earn up to 90% of their profits. However, it may not be suitable for everyone. Traders who insist on executing their trades in the real market might find FTMO unsuitable. Although FTMO pays profits based on the performance of the real market, all trading is done with a demo account. Furthermore, FTMO does not provide services to individuals from certain countries, including Iran, Syria, Myanmar, and North Korea. Individuals listed on sanction lists, those with criminal records related to financial crime or terrorism, and persons previously banned due to breach of contract are also ineligible to sign up with FTMO.

Does FTMO offer Discounts, Coupons, or Promo Codes?

FTMO, a major player in the forex trading industry, does offer discounts and promo codes, but these are issued very rarely. As of December 2023, there is a 25% off FTMO discount code available. FTMO is among the most sought-after brands when it comes to coupons and discount offers, with hundreds of thousands of searches for coupons each month. On average, a new FTMO coupon code is found every 5 days. Over the past year, an average of 0.6 discount codes per month have been found for FTMO. FTMO also offers exclusive benefits when you create an account on their website. It’s important to note that as of December 14, 2023, it does not appear that FTMO has discounts for Black Friday or Cyber Monday. FTMO’s promo codes and coupons can be found listed on various websites. However, these codes expire after a single use, so you may need to try a few codes before you find one that works. Sometimes, email discount codes may be the only way to save at ftmo.com.

Which Account Types are offered by FTMO?

FTMO, a forex funding firm, offers traders with funding, risk management, resources, and tools to help them become consistently profitable. The company provides different types of accounts, each with its own specifications and benefits. One of the account types offered by FTMO is the Swing account. This account type is suitable for swing traders who need to hold positions for a longer period of time, giving them enough time for their trades to evolve. The Swing account type has leverage set as 1:30 (Forex). This account type does not have any restrictions for trading around news releases and holding of trades overnight (above 2 hours market close) and over the weekend. An FTMO Account is an account with fully fictitious funds, however, with real market quotes from liquidity providers. Please note that, for FTMO Account purposes, liquidity providers do not provide us or FTMO Traders with any real money (liquidity), only with the market quotes. FTMO supports bank wires, debit/credit cards, Skrill, and cryptocurrencies. This makes it easy for traders to fund their accounts and withdraw their profits. In conclusion, FTMO offers a variety of account types to suit the needs of different types of traders. Each account type comes with its own set of benefits and specifications, making it easy for traders to choose the one that best suits their trading style and strategy.

How to Open a FTMO LIVE Account?

A FTMO LIVE Account is a type of trading account that allows you to trade with real money and access the FTMO platform, which provides various tools and services for traders. To open a FTMO LIVE Account, you need to follow these steps:. Register for an account on the FTMO website. You will need to provide some personal information, such as your name, email, phone number, and country of residence. You will also need to choose a password and agree to the terms and conditions. Try a demo account before accepting an FTMO Challenge. A demo account is a free version of the FTMO Challenge that lets you practice your trading skills and strategies without risking any money. You can create a demo account on the FTMO website or use one of the supported platforms, such as cTrader. Accept an FTMO Challenge after passing the demo account. An FTMO Challenge is a series of simulated trades that test your trading abilities and risk management. You can choose from different levels of difficulty and duration, depending on your experience and goals. You will receive feedback on your performance and results after each challenge. Verify your identity and address by uploading some documents, such as your passport, ID card, bank statement, or utility bill. This is required by law to comply with anti-money laundering regulations. Sign the FTMO Account agreement and pay the fee for opening an FTMO LIVE Account. The fee varies depending on the level of difficulty you choose for your challenge. The fee covers the cost of running the platform, providing technical support, and offering premium services. Start trading with real money on your FTMO LIVE Account. You will have access to top-rated trading conditions in the industry, such as no profit target requirement, no maximum trading days limit, no maximum daily loss or maximum loss limit, and flexible profit split options. You will also be able to use various trading applications that help you analyze the market, manage your risk, optimize your strategy, and improve your psychology. These are the basic steps to.

How to Open a FTMO DEMO account?

Opening a FTMO Demo account is a straightforward process. The first step is to register for an account. Once you have registered, you can begin your journey by creating a demo account. This demo account allows you to learn how to use the system without any financial risk. FTMO also offers a Free Trial account, which is an abridged version of an FTMO Challenge. The purpose of the Free Trial is to help new clients understand how it works and assess their trading skills. It’s important to note that while good results in the Free Trial might encourage you to start your journey to become one of FTMO Traders, you still need to go through the Evaluation Process to become one. Only one Free Trial per trader is allowed at a time due to the popularity of these trials.

If I violate the Trading Objectives of FTMO do I get a second chance?

FTMO, a funded trading program, has specific rules that guide traders in their conduct. These rules, known as Trading Objectives, are designed to assess a trader’s level of discipline, commitment, and responsibility towards trading. The Trading Objectives are developed for both steps of the FTMO evaluation course: the FTMO Challenge and the Verification. The Challenge requires completion within 30 calendar days, while the Verification requires 60 calendar days. Traders are expected to trade for a minimum of 10 days during the period of the current duration. In terms of second chances, if you violate the Trading Objectives, you can get a free redo with FTMO, but only under certain circumstances. If you make a profit, but not enough to reach your profit target and you didn’t violate any trading rules, you can get a free second chance. It’s important to note that these rules are in place to ensure that traders generate profit steadily and consistently. They also help to avoid emotional trading. and ensure that traders are disciplined in their approach to the program.

How Are You Protected as a Client at FTMO?

As a client at FTMO, your protection is ensured through a variety of mechanisms. Firstly, FTMO has a unique 2-step Evaluation Process for traders, which includes an FTMO Challenge and a Verification stage. This process is designed to discover trading talents and ensure that only disciplined and experienced traders are allowed to trade with FTMO’s funds. Secondly, FTMO provides a clear set of Trading Objectives that traders must meet. These objectives are designed to ensure that traders can manage risk effectively. Thirdly, FTMO has developed a Mentor App that warns traders if they violate any of the trading rules. This helps to maintain discipline and avoid costly errors. Lastly, FTMO has a transparent payout system. The default payout ratio for all FTMO Traders is set to 80%, and traders can request payout on-demand. This ensures that traders are rewarded fairly for their trading performance. In summary, FTMO provides robust protection for its clients through a rigorous evaluation process, clear trading objectives, a helpful Mentor App, and a fair payout system.

What are FTMO AML ID requirements?

FTMO, a forex trading platform, has a two-step verification process for its traders. The first step is the Verification stage, which tests the trader’s consistency in profitable trading while respecting the rules. Once the Trading Objectives of the Verification stage are met, the FTMO Identity section is unlocked in the trader’s Client Area. In the FTMO Identity section, traders can save their personal or company details and related documentation. These details are then verified by FTMO’s compliance team. There are three different types of identities to choose from: Natural Person, Entrepreneur, and Company. For a Natural Person, the trader would need to undergo the KYC – Know Your Customer verification process. This requires a valid government-issued ID document and Proof of address. For an Entrepreneur, the trader would need to undergo the KYB – Know Your Business verification process. This requires a valid government-issued ID document, a document confirming the registration as an entrepreneur, and Proof of address. For a Company, the trader would need to undergo the KYB – Know Your Business verification process. This requires a valid government-issued ID document and Proof of address of the representative of the company, a document confirming the legal existence of the company, and Proof of address of the company.

Which Deposit and Withdrawal options are available at FTMO?

FTMO, a renowned platform in the forex trading industry, offers a variety of deposit and withdrawal options to cater to the diverse needs of its traders. The deposit methods available at FTMO include bank wire transfer, debit/credit card, cryptocurrencies, and Skrill. However, due to regulatory reasons, bank transfers are not available for payments/payouts in the case of the following countries: Venezuela, Cuba, Sudan, and Ukraine. When it comes to withdrawing profits, FTMO provides a seamless process. Traders can withdraw their profits via regular bank wire transfer, Skrill, or cryptocurrencies. The payouts are processed within 1-2 business days upon confirming the invoice. Importantly, FTMO does not charge any commissions for withdrawals. It’s worth noting that there is no minimum profit requirement to receive a Profit Split, only just enough to cover the transaction fees. Whatever amount of profit a trader generates, they are entitled to withdraw 80% of it.

Which Funding methods or Deposit Options are available at FTMO?

FTMO, a modern Forex Prop Trading Firm, offers various funding methods for its users. The available deposit options include bank wire transfer, debit/credit card, cryptocurrencies, and Skrill. However, due to regulatory reasons, bank transfers are not available for payments/payouts in the case of the following countries: Venezuela, Cuba, Sudan, and Ukraine. It’s important to note that there are no regular fees, such as monthly membership dues; after the initial setup, money is repaid upon receiving your first payment.

What is the Minimum Deposit Amount at FTMO?

FTMO, a proprietary trading firm, requires a minimum deposit for traders to access their services. This deposit allows traders to participate in the evaluation process, where they can prove their trading skills and potentially become funded traders. The minimum deposit for FTMO is $1,000. However, it’s important to note that the minimum deposit for FTMO varies depending on the account type. For the cheaper account, traders need to deposit at least $99. However, for a higher-tier account, traders need to deposit $4,999. Another source mentions that the FTMO minimum deposit is €155, which is refundable in the first profit split when you become an official FTMO trader. The split ratio between the trader and FTMO is set at 80:20. It’s essential to compare different methods to deposit the minimum amount. This comparison can help traders choose the most suitable and convenient option for them.

Which Withdrawal methods are available at FTMO?

According to the FTMO website. , the withdrawal methods available for forex traders are:. Regular bank wire transfer: This is the most common and convenient way to receive your profits. You can choose from various currencies and transfer times, depending on your location and preference. The fee for this method is 3% of the payout amount. Skrill: This is an online payment service that allows you to send and receive money quickly and securely. You can link your Skrill account to your bank account or credit card, and withdraw your profits instantly or within 24 hours. The fee for this method is also 3% of the payout amount. Cryptocurrencies: This is a more advanced and innovative way to receive your profits. You can choose from various cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, etc., and withdraw your profits within minutes or hours. The fee for this method depends on the cryptocurrency you choose, but it is usually lower than bank transfers or Skrill. To withdraw your profits, you need to confirm the invoice that FTMO sends you after each month’s evaluation period. You can change the profit split day up to three times per month, between 14 days and 60 days from the start of trading. If you don’t change it before the end of a month, it will be fixed at the last day of that month. You don’t need to achieve any minimum profit to receive up to a 90% profit split. However, due to regulatory reasons, bank transfers are not available for payments/payouts in some countries, such as Venezuela, Cuba, Sudan, and Ukraine. I hope this answer helps you understand how FTMO works with forex traders. ?.

How can I Withdraw Money from FTMO Step by Step?

FTMO Traders trade with fictitious capital only, but they are entitled to obtain a reward in the form of real money if they can generate “profit” on an FTMO Account. The Profit Split on an FTMO Account is done on a monthly basis by default, with the option to place a payout on-demand after a period of 14 calendar days from the first placed trade on the account. Provided there is some profit on the FTMO Account from the simulated trading, the Profit Split Day can be changed up to 3 times for each withdrawal, anytime between 14 days and 60 days from the start of trading. If FTMO Trader doesn’t make a change to their Profit Split Day before the end of a one-month cycle, the Profit Split Day will be anchored to the last day of that particular Reference Period, without the option to change it further in the current cycle. For example, if a trader starts trading on the 1st of April, the first Profit Split Day will be available on the 15th of April, and the latest option for the Profit Split Day will be after 60 days, hence 31st May. The payouts are processed within 1-2 business days upon confirming the invoice. You can receive your profits by a regular bank wire transfer, Skrill or cryptocurrencies. We don’t charge any commissions for withdrawals. Due to regulatory reasons, bank transfers are not available for payments/payouts in the case of the following countries: Venezuela, Cuba, Sudan, and Ukraine. You don’t need to score any minimum profit to receive a Profit Split, only just enough to cover the transaction fees. Whatever amount of profit you generate, you are entitled to withdraw 80% of it.

Does FTMO Payout?

FTMO is a modern forex prop trading firm and funding challenge that offers traders the opportunity to trade with real money and earn rewards for their performance. FTMO Traders can trade various instruments, including forex, on different platforms, such as MetaTrader 4, MetaTrader 5, cTrader, and NinjaTrader. FTMO Traders can also use different strategies, such as scalping, swing trading, trend following, and algorithmic trading. One of the main benefits of joining FTMO is that you can receive real rewards for your performance. You can withdraw your reward anytime between 14 to 60 days from your first trade on your FTMO Account (Profit Split). Periodically, FTMO can allocate more balance into your FTMO Account if you’re consistently profitable. The default payout ratio for all FTMO Traders is set to 80%, however, an 80% share is not where they draw the line. All FTMO Traders can request payout on-demand. The payout can be processed just after 14 days, but you also have the ability to choose your own Profit Split Day, which can be even changed up to three times. To join FTMO and start trading with real money, you need to apply for an evaluation process. The evaluation process consists of two stages: the Challenge and the Premium Programme. The Challenge is a simulated trading environment where you need to prove your skills and profitability by meeting certain criteria. The Premium Programme is a live trading environment where you need to maintain a certain level of performance and risk management by following certain rules. The minimum deposit required to join the Challenge is $500 USD or equivalent in other currencies. The minimum deposit required to join the Premium Programme depends on the account type you choose: Standard ($10k), Premium ($25k), or Platinum ($50k). You also need to pay a one-time fee of $99 USD or equivalent in other currencies for each account type. FTMO offers its services in euros, and if a payment is made in a foreign currency, the current exchange rate will be applied in the conversion. You can receive your profits by a regular bank wire transfer, Skrill or cryptocurrencies. They don’t charge any commissions for withdrawals. Due to regulatory reasons, bank transfers are not available for payments/payouts in.

Which Fees are charged by FTMO?

FTMO, a modern forex prop trading firm, charges a one-time fee for the FTMO Challenge. This fee covers all costs, including the Verification. There are no additional or hidden fees. Once you pass the FTMO Challenge and Verification, your fee will be reimbursed with the first Profit Split on your FTMO Account. However, it’s worth noting that once traders pass the evaluation phase, they share profits with FTMO, ranging from 70% to 80% based on account size. A monthly subscription fee, ranging from $115 to $375 per month, is required after securing funding. Traders also pay a performance fee of 5% to 20% on earnings.

What can I trade with FTMO?

With FTMO, you have the freedom to trade a wide range of instruments and assets. This includes Forex, Indices, Commodities, Stocks, and Cryptocurrencies. Your trading style is entirely up to you. Whether you prefer discretionary trading, algorithmic trading, or using Expert Advisors (EAs), FTMO does not restrict your trading strategy. However, it’s important to note that your trading should be legitimate, conform to real market conditions, and not resemble forbidden practices. Also, while using a Stop-loss is not mandatory, it’s generally advisable to have certain safety measures in place. The maximum volume per order on Forex is 50 lots. You can trade on some of the most popular retail platforms – MetaTrader 4, MetaTrader 5, DXtrade, or cTrader. Ultimately, if your system is profitable while respecting the rules, FTMO is happy to see you profit with them.

Which Trading Platforms are offered by FTMO?

According to the web search results, FTMO offers three types of trading platforms for its traders: MetaTrader 4, MetaTrader 5, and cTrader. These platforms are some of the most popular retail platforms in the forex market, and they come with inbuilt risk management features such as stop-loss and take-profit levels. However, due to regulatory reasons, US citizens/permanent residents are not able to select the cTrader platform. MetaTrader 4 and MetaTrader 5 are widely used by forex traders around the world, as they offer advanced charting tools, automated trading systems, custom indicators, and a large community of users. MetaTrader 5 is the newer version of MetaTrader 4, and it has some additional features such as more timeframes, more order types, more market depth, and more analytical tools. cTrader is a modern platform that combines the best of both worlds: the simplicity of MT4 and the functionality of MT5. It has a sleek interface that allows traders to access multiple markets in one place. It also supports automated trading with cBots, which are pre-built strategies that can be executed on various brokers. cTrader is compatible with MT4 and MT5 via plugins. If you are interested in joining FTMO as a trader, you can choose one of these platforms in the FTMO Challenge configurator here. You can also try the entire process completely free of charge with the FTMO Challenge Free Trial account. ?.

Which Trading Instruments are offered by FTMO?

FTMO offers a variety of trading instruments. In the context of forex, traders have the freedom to trade all the instruments and assets that are available in their trading platform. This includes not only forex but also indices, commodities, stocks, and cryptocurrencies. Your trading style is up to you. As long as your trading is legitimate, conforms to the real market conditions, and does not resemble forbidden practices, FTMO has no reasons for limiting or restricting your trading strategy. This can include discretionary trading, algorithmic trading, EAs, etc. When trading, keep in mind that your trading style should be replicable on live accounts to generate the same results as on your FTMO Account. FTMO does not require you to use a Stop-loss, although it’s generally advisable to always have certain safety measures in place. The maximum volume per order on Forex is 50 lots.

Which Trading Servers are offered by FTMO?

FTMO, a modern Forex Prop Trading Firm, offers its traders a selection of popular retail platforms for trading. These platforms include MetaTrader 4, MetaTrader 5, DXtrade, and cTrader. However, it’s important to note that due to regulatory reasons, US citizens/permanent residents are not able to select the cTrader platform. The platform server time for MetaTrader 4 and MetaTrader 5 is GMT+2 +DST, while for cTrader, it is customized as per the trader’s settings. The leverage offered by FTMO is up to 1:100 for Forex and cannot be increased. This information is crucial for traders as it impacts the execution of their trading strategies.

Which are the Base Currencies supported by FTMO?

FTMO, a proprietary trading firm, offers a wide range of instruments for trading. In the context of forex, a base currency is the first currency listed in a forex pair. While specific details about the base currencies supported by FTMO are not directly stated, it can be inferred that all major currencies that form part of the forex pairs available on their platform can be considered as base currencies. This includes, but is not limited to, the US Dollar (USD), Euro (EUR), British Pound (GBP), Japanese Yen (JPY), and others. It’s important to note that the choice of base currency can impact the trading strategy and potential returns. Therefore, traders should carefully consider their choice of base currency when trading on FTMO or any other platform.

Can I trade Crypto with FTMO? Which crypto currencies are supported by FTMO?

Yes, you can trade cryptocurrencies with FTMO. FTMO is a proprietary trading company that provides funding for successful traders in exchange for a profit share of profits. You can trade your FTMO Challenge, Verification, and FTMO Account on some of the most popular retail platforms – MetaTrader 4, MetaTrader 5, DXtrade, or cTrader. Most of the cryptocurrencies on the FTMO-Server have a contract size of 1, which means that each contract is worth $1 of the selected instrument. XRPUSD and ADAUSD have a contract size of 100, DOTUSD has a contract size of 10, and DOGEUSD has a contract size of 1,000. A $1 price change on a cryptocurrency would result in a $1 change in the PnL position as well. FTMO offers maximum leverage of 1:100 on all account types. The margin requirements on individual instruments may vary. The exact specifications can be checked on the platform or at FTMO’s website. FTMO does accept cryptocurrency payments. The available payment methods at FTMO include Debit/credit cards, bank transfers, cryptocurrencies, Skrill, and Google Pay. Please note that all accounts provided by FTMO to clients are demo accounts with fictitious funds and any trading is in a simulated environment only.

What is the Leverage on my FTMO Trading Account?

The leverage on an FTMO Trading Account is up to 1:100 for Forex. This means that traders can control a larger amount of money in the market with a smaller amount of capital. However, the leverage can be lowered upon request. It’s important to note that the leverage is applied to the fictitious capital only, as at all stages you trade with fictitious capital. For the Swing account type, which is designed for more conservative traders who hold positions for extended periods, the leverage is set as 1:30 for Forex. It’s crucial to familiarize yourself with the offer and conditions of each instrument you trade.

How can I change the Leverage on my FTMO Trading Account?

FTMO offers two types of accounts: the Normal account and the Swing account. The Normal account has a leverage of up to 1:100 for Forex. , while the Swing account has a leverage set at 1:30 for Forex. The Swing account is designed for traders who hold positions for several days or even weeks. This is why the base leverage is reduced to 1:30. If you wish to change the leverage on your FTMO Trading Account, it can be lowered upon request. However, it’s important to note that the leverage cannot be increased. Remember, at all stages, you trade with fictitious capital only, and the leverage is applied to this fictitious capital.

What kind of Spreads are offered by FTMO?

FTMO, a renowned platform in the forex trading world, offers competitive spreads designed to provide traders with favorable trading conditions. The spreads refer to the difference between the buying and selling prices of a currency pair. They are an essential aspect of trading that can significantly impact your profitability. FTMO provides its traders with the best possible conditions available on the market and uses the services of several top liquidity providers, both for forex and for CFDs commodities, indices, and cryptocurrencies. This allows FTMO to offer its clients very competitive spreads as well as attractive fees. It’s important to note that spreads can vary based on market conditions and the specific currency pair being traded. Factors such as liquidity, volatility, and market demand all influence spreads. Therefore, it is essential to stay updated on the current market conditions and adjust your trading strategy accordingly. To better understand the spreads offered by FTMO, it is beneficial to conduct a spread comparison with other brokers. By comparing spreads, you can determine if FTMO’s spreads are suitable for your trading strategy and goals.

Does FTMO offer MAM Accounts or PAMM Accounts?

According to the web search results, FTMO does not offer MAM or PAMM accounts. FTMO is a platform that provides funding and education for traders who want to trade with their own capital and risk. FTMO offers different types of accounts, such as standard, micro, and nano accounts, which have different minimum deposit requirements and profit targets. MAM and PAMM are two types of money management solutions that allow investors to delegate their trading decisions to professional traders. MAM stands for Multi-Account Manager, which means that the trader can manage multiple sub-accounts from a single master account. The trader can allocate trades and adjust risk levels for each sub-account according to the investor’s preferences. PAMM stands for Percentage Allocation Management Module, which means that the investor can allocate a percentage of their account to one or more traders. The trader’s trades are automatically replicated on the investor’s sub-accounts according to the allocation percentage. Both MAM and PAMM have their advantages and disadvantages for investors and traders. Some of the factors to consider when choosing between them are:. The level of control and transparency: With MAM, the investor has full control over their own sub-account, but they cannot see the trades made by the trader. With PAMM, the investor can see the trades made by the trader, but they cannot intervene or close them. The level of flexibility and customization: With MAM, the trader can allocate trades on a fixed basis or use a LAMM (Lot Allocation Management Module) account to adjust lot sizes for each sub-account. With PAMM, the trader can only allocate trades based on a percentage basis. The level of risk and reward: With MAM, the investor can choose how much risk they want to take on each sub-account based on their own risk profile. With PAMM, the investor’s share in the account is proportional to their investment size, so they bear more risk if their chosen trader performs poorly. The level of fees and commissions: With MAM or PAMM, both parties usually charge a management fee for their services, which is deducted from the account’s profits. However, some brokers may also charge additional fees or commissions for using these services. In conclusion, FTMO does not offer MAM or PAMM accounts because it is not designed for money management purposes. FTMO is focused on providing funding and education for traders who want to trade with their own capital and risk. If you are interested in learning more about FTMO’s products and services, you can visit their website. or read some of their success stories.

Does FTMO allow Expert Advisors?

FTMO, a proprietary trading firm, does permit the use of Expert Advisors (EAs) in forex trading. EAs are automated trading systems that can execute trades based on predefined rules. However, if you intend to use a third-party EA, you should be aware that other traders might be using the same EA and therefore the same strategy. This could potentially lead to a violation of FTMO’s maximum capital allocation rule. Therefore, while EAs are allowed, their use should be in line with proper risk management and real market conditions. It’s also important to note that your trading style should be replicable on live accounts to generate the same results as on your FTMO Account.

Does FTMO offer Copytrading?

FTMO, a popular platform in the forex trading world, does offer a feature known as copy trading. This form of trading allows traders to mimic the actions of other traders, following and copying their trades, strategies, and trading positions. Copy trading with FTMO has numerous benefits. It provides automated functionality, access to trader education, opportunities for community development, and easy exposure to trading insights and API integration. It’s an attractive option for many traders, especially those who want to achieve profitability without extensive knowledge of forex markets and signals. However, it’s important to note that FTMO copy trading also contains risks and limitations. These include trading fees, trading commissions, trading spreads, and other market-specific risks and limitations. Traders must understand these before considering trading on this platform. To use the FTMO Copy Trading feature, traders need to log into their account on either the cTrader or MT4 platform, navigate to the ‘cmirror’ or ‘trade copier’ section of the platform, search for and select a trader that fits their investment criteria, and set the investment amount they’d like to allocate to the chosen trader. Some traders may have minimum investment requirements. FTMO allows the use of Expert Advisors (EAs) for automated trading. However, regarding trade copying from a third-party service, it’s best to directly contact FTMO’s customer support for clarification. In conclusion, FTMO does offer copy trading, but it’s important for traders to understand the associated benefits, risks, and limitations before deciding to use this feature.