Embarking on a journey with FTMO, a leading proprietary trading firm, opens up a world of opportunities for traders seeking to leverage their skills and amplify their financial potential.
This comprehensive guide delves into the intricacies of FTMO’s unique trading platform, exploring its innovative challenge process, diverse range of trading instruments, and the advantageous profit-sharing model.
Whether you’re a seasoned trader or just starting out, understanding the nuances of FTMO’s offerings, from its educational resources to its advanced trading tools, can be a game-changer in your trading career.
Discover how FTMO stands out in the competitive world of forex and CFD trading, and learn how it equips traders with the tools, technology, and support needed to succeed in the dynamic world of financial markets.
Read further to learn more about FTMO, in our review we will detail its features, pros and cons with our rating, and a conclusion about why you should use it.
Click on “open” if you want to see exactly what we will talk about in the rest of this article.
Overview
What is FTMO?
FTMO is a modern proprietary trading firm that offers a unique evaluation process for traders. It begins with the FTMO Challenge, where traders must demonstrate their skills and strategy effectiveness to advance to the Verification stage.
Successful traders are then provided with a funded trading account, allowing them to trade with the firm’s capital while keeping a portion of the profits. FTMO is known for its robust infrastructure, innovative technology, and resources that support traders in enhancing their trading skills.
The platform is designed for both experienced traders and those starting their trading careers, offering tools and insights to help them succeed in the competitive trading environment.
FTMO specifications
| Features | Challenges / Cryptocurrency Trading / Custom trading apps / Experienced Coaches / Payout on-demand / Resource management / Trading skills evaluation / Unlimited trading period |
| Best suited for | Individuals, Freelancers, Small businesses |
| Website languages | Czech / Deutsch / English / French / Italian / Portuguese / Spanish / Vietnamese |
| Website URL | Visit official website |
| Support link | Support page |
| Live chat | Yes |
| Company address | Purkynova 2121/3, 110 00, Prague, Czech Republic |
| Year founded | 2015 |
Pricing
FTMO pricing: How much does FTMO cost?
Navigating the pricing landscape of FTMO reveals an accessible range of options, tailored to suit various levels of trading ambition and expertise.
With pricing plans starting from as low as $170 for a $10K account and scaling up to $1192 for a $200K account, FTMO offers a spectrum of choices to embark on its trading challenge.
This section provides a concise overview of the pricing structure, highlighting how each plan is designed to open doors to new trading possibilities, making the journey to becoming a funded trader both clear and attainable.
| Pricing range | From $170 to $1192 per account |
| Pricing types | One-time payment |
| Free plan | No |
| Free trial | No |
| Money back guarantee | No |
| Pricing page link | See plans |
FTMO pricing plans
The pricing plans for FTMO’s challenges, while primarily differentiated by the initial capital balance of the account, also encompass a range of features and conditions tailored to each plan.
$170 Fee for $10K Account
- Initial Balance: $10,000 for trading.
- Profit Share: Standard 80/20 split, with 80% of the profits going to the trader.
- Trading Objectives: Includes specific profit targets and maximum loss limits to be adhered to.
- Trading Instruments: Access to a wide range of instruments including Forex, commodities, indices, and more.
- Platform Access: Availability of popular trading platforms like MT4, MT5, and others.
- Educational Resources: Access to FTMO’s educational content and tools.
- Risk Management: Guidelines and tools to help manage and limit risk exposure.
$276 Fee for $25K Account
- Initial Balance: $25,000 for trading.
- Profit Share: Maintains the 80/20 profit split in favor of the trader.
- Enhanced Trading Objectives: Slightly higher profit targets and loss limits compared to the $10K account.
- Access to All Trading Instruments: Includes Forex, stocks, crypto, etc.
- Advanced Platform Features: Use of advanced tools and analytics on trading platforms.
- Educational and Support Services: Comprehensive educational material and support.
$381 Fee for $50K Account
- Initial Balance: $50,000 for trading.
- Profit Share: Consistent 80/20 profit distribution.
- Scaled Trading Objectives: Adjusted profit targets and maximum loss limits for larger account size.
- Full Instrument Access: Trade across all available markets.
- Customizable Trading Platform Options: Tailor platform settings to individual trading styles.
- Risk Management Tools: Advanced tools to monitor and manage trading risks.
$596 Fee for $100K Account
- Initial Balance: $100,000 for trading.
- Profit Share: 80% of profits allocated to the trader.
- Ambitious Trading Objectives: Higher profit targets and loss thresholds, suitable for experienced traders.
- Comprehensive Market Access: Full access to all trading markets and instruments.
- Enhanced Platform Capabilities: Access to all features and tools on trading platforms.
- Expert Educational Resources: In-depth educational materials and personalized support.
$1192 Fee for $200K Account
- Initial Balance: $200,000, the highest offered by FTMO.
- Profit Share: Favorable 80/20 split for the trader.
- Professional Trading Objectives: Set for high-performance trading with significant profit targets.
- All-Inclusive Instrument Access: Unrestricted access to all trading instruments.
- Premium Platform Features: Full access to all advanced features and analytics tools.
- Elite Educational and Support Services: Top-tier educational resources and dedicated support.
Each plan is designed to cater to different levels of trading experience and ambition, with the higher-priced plans offering larger capital and potentially greater profit opportunities, but also coming with more challenging objectives and stricter risk management requirements.
It’s important to note that these fees are one-time payments for participating in the FTMO Challenge. Upon successful completion of the challenge and becoming a funded trader, FTMO reimburses the fee with the first profit split.
The challenge rules include specific conditions like maximum daily loss limits, which vary depending on the chosen account size and mode (normal or aggressive).
Features
FTMO features: What can you do with it?
Dive into the world of FTMO’s features, where each element is meticulously crafted to enhance the trading experience. From the rigorous yet rewarding FTMO Challenge to the state-of-the-art trading technology, this section unravels the core components that make FTMO a top choice for traders.
Explore how the platform’s educational programs, risk management tools, and flexible trading conditions come together to create an environment where strategy, skill, and success converge.
FTMO Trading Challenge
The FTMO Trading Challenge is a distinctive two-stage process that rigorously evaluates and verifies the skills of traders. In the first stage, known as the evaluation stage, traders are provided with a demo account loaded with a significant balance, simulating real-market conditions.
This stage is pivotal for traders to demonstrate their proficiency in achieving specific trading objectives, such as profit targets and maximum loss limits. The challenge not only assesses a trader’s ability to generate profits but also emphasizes the importance of risk management, strategy effectiveness, and trading discipline.
Traders must adhere to a set of rules, including maximum daily and overall loss limits, and achieve a set profit target within a defined period. This process ensures that only those with a consistent and disciplined approach to trading can progress.
The second stage, the verification stage, further tests the trader’s skills under slightly modified conditions, ensuring their strategy’s robustness and adaptability. Successful completion of both stages grants the trader access to a funded account, where they can trade with FTMO’s capital and share in the profits.
Leverage 1:100
FTMO provides traders with the opportunity to use professional-level leverage of 1:100, enhancing their trading capabilities. This level of leverage allows traders to control a large position with a relatively small amount of capital, amplifying both potential profits and losses.
The availability of high leverage is a significant advantage for traders who have a solid understanding of risk management and wish to capitalize on market opportunities.
FTMO’s approach to leverage is flexible, with no imposed limits on position sizing, giving traders the freedom to tailor their trade sizes according to their strategies and risk tolerance. This feature is particularly appealing to experienced traders who require the flexibility to adjust their position sizes based on their market analysis and trading objectives.
Educational Program
FTMO’s educational program is a comprehensive suite of resources designed to enhance the trading knowledge and skills of its users. Covering a wide range of topics from technical and fundamental analysis to risk management, the program caters to both beginners and experienced traders.
The educational content is meticulously crafted to provide in-depth understanding and practical insights into the dynamics of financial markets. It includes video tutorials, webinars, articles, and interactive tools, all aimed at fostering a deeper understanding of trading strategies and market behavior.
The program also emphasizes the psychological aspects of trading, helping traders to develop the mental resilience and discipline required for successful trading.
By offering continuous learning opportunities, FTMO ensures that its traders are well-equipped to adapt to changing market conditions and maintain a competitive edge. The program is not just about theory; it also includes practical exercises and challenges to apply the learned concepts in real trading scenarios, bridging the gap between knowledge and practice.
Mentor Application
The Mentor Application from FTMO is a groundbreaking tool designed to assist traders in adhering to their trading plans and managing risk effectively. This application serves as a personal trading coach, continuously monitoring a trader’s adherence to predefined trading objectives and risk parameters.
It provides real-time feedback and alerts, helping traders stay within their risk limits and avoid impulsive decisions that could lead to significant losses. The Mentor Application is particularly beneficial for developing discipline, a crucial trait for long-term success in trading.
It includes features that track a trader’s progress, highlight areas of improvement, and suggest adjustments to trading strategies. This tool is invaluable for traders who seek to develop a systematic approach to the markets, ensuring that they remain focused on their long-term goals and avoid the pitfalls of emotional trading.
Statistical App, Account Analysis, and Trading Journal
FTMO’s suite of analytical tools, including the Statistical App, Account Analysis, and Trading Journal, provides traders with a comprehensive overview of their trading activities. The Statistical App is a powerful tool for in-depth analysis of trading patterns, offering insights into the effectiveness of different strategies and the impact of market conditions on trading outcomes.
It helps traders identify profitable strategies and areas where they need improvement. The Account Analysis feature offers a detailed breakdown of account performance, including profit and loss, trade frequency, and risk-reward ratios. This tool is essential for understanding the overall health of a trading account and making informed decisions.
The Trading Journal feature allows traders to document their trades, thoughts, and strategies, creating a valuable record that can be reviewed to understand past decisions and refine future strategies. These tools collectively enable traders to conduct a thorough self-assessment, leading to continuous improvement and more informed trading decisions.
Technology and Tools
FTMO equips traders with state-of-the-art technology and tools, essential for modern trading. The platform’s browser-based application and mobile app are designed for seamless trading and efficient performance analysis. These tools provide traders with a robust and intuitive interface for market analysis, trade execution, and monitoring.
The platform’s technology supports a wide range of trading instruments and integrates seamlessly with popular trading platforms like MetaTrader 4 and 5, offering flexibility and convenience.
Real-time data feeds, advanced charting tools, and a range of technical indicators are available to help traders make informed decisions. The mobile app ensures that traders can stay connected to the markets and their accounts, even when on the move.
Additionally, FTMO’s tools include sophisticated risk management features, allowing traders to set stop-loss orders and monitor their exposure to market volatility. The platform’s commitment to providing cutting-edge technology underscores its dedication to empowering traders with the resources they need to succeed in the fast-paced world of trading.
Payout System
FTMO’s payout system is designed with flexibility and trader profitability in mind. The default payout ratio for FTMO Traders is a generous 80%, but the benefits don’t stop there. Traders have the option to request payouts on-demand, providing them with financial flexibility and control over their earnings.
The payout process is streamlined and can be initiated just 14 days after trading, with the added convenience of selecting or changing the Profit Split Day up to three times. This system ensures that traders receive their earnings at the most convenient time for them.
Moreover, for traders who meet the conditions of FTMO’s Scaling Plan, the rewards are even greater. Not only does the balance of the FTMO Account increase by 25%, but the payout ratio also escalates to an impressive 90%. This incentivizes traders to perform at their best, offering substantial financial rewards for successful trading.
Amazing Trading Conditions
FTMO offers exceptional trading conditions, characterized by a broad selection of assets, ensuring that traders have access to a diverse range of markets. The platform prides itself on offering very low commissions and spreads, which are crucial factors for traders looking to maximize their profitability.
These competitive trading conditions are designed to cater to the needs of both novice and experienced traders, providing an environment where they can execute their trades efficiently and cost-effectively.
The low-cost structure is particularly beneficial for high-frequency traders and those employing strategies that require frequent entry and exit from the markets. By offering such favorable conditions, FTMO demonstrates its commitment to providing an optimal trading environment that supports the success of its traders.
Popular Retail Trading Platforms
FTMO provides access to some of the most popular and advanced trading platforms in the industry, including MT4, MT5, DXtrade, and cTrader. These platforms are powered by a direct data feed from a pool of prime liquidity providers, ensuring that traders have access to real market conditions.
FTMO’s commitment to providing a realistic trading environment is evident in their offering of super-raw spreads, very low commission, and no markup on demo trading accounts. This setup allows traders to practice and develop their strategies under conditions that closely mimic live trading.
The variety of platforms ensures that traders can choose the one that best suits their trading style and preferences, whether they prioritize comprehensive analytical tools, user-friendly interfaces, or advanced charting capabilities. FTMO’s platform offerings are a testament to their dedication to providing traders with the best possible tools and resources for success in the financial markets.
No Limits on Trading Style
FTMO stands out for its flexibility regarding trading styles, allowing traders to implement their unique strategies without limitations or restrictions.
Traders are free to use Expert Advisors (EAs), engage in hedging, or trade discretely according to their preferences. This level of freedom is essential for traders who rely on automated systems or specific trading techniques.
The absence of restrictions on trading styles means that traders can fully express their trading skills and strategies, whether they are algorithmic traders, swing traders, scalpers, or follow any other trading methodology.
FTMO’s policy of no limits on trading style is a testament to its commitment to accommodating a diverse range of trading approaches, recognizing that each trader has a unique method to the markets.
Trade Every Instrument You Want
FTMO offers an extensive range of trading instruments, including Forex, Commodities, Indices, Crypto, Stocks, and Bonds. This wide array of available instruments ensures that traders have the opportunity to diversify their portfolios and take advantage of various market conditions.
Whether a trader is interested in the volatility of the cryptocurrency market, the stability of bonds, or the dynamics of the forex market, FTMO provides the necessary tools and assets.
The ability to trade across different asset classes is a significant advantage, allowing traders to hedge their positions, explore different markets, and capitalize on unique opportunities presented in each asset class.
FTMO’s comprehensive offering of instruments underscores its role as a versatile platform catering to the diverse needs and interests of traders globally.
Conclusion
FTMO review: Why you should use it?
FTMO is a proprietary trading firm that offers a unique opportunity for traders to access significant trading capital through its evaluation process.
The platform is ideal for skilled retail traders, providing an innovative and modern prop trading environment. Traders start with the FTMO Challenge, proving their trading skills and discipline under simulated conditions.
Successful traders are then funded and can trade with up to $200,000 while keeping a large percentage of the profits. FTMO is known for its robust infrastructure, comprehensive educational resources, and advanced trading tools, making it a suitable choice for both experienced and novice traders.
Pros:
- Access to Large Trading Capital: Successful traders gain access to significant trading funds.
- High Profit Share: Traders keep a substantial portion of the profits.
- Advanced Trading Tools: Provides state-of-the-art trading platforms and analytical tools.
- Educational Resources: Offers extensive learning materials for traders at all levels.
- No Restrictions on Trading Style: Traders are free to use their own strategies, including EAs and hedging.
Cons:
- Challenge Fee: Traders must pay a fee to participate in the FTMO Challenge.
- Strict Trading Objectives: The challenge includes specific profit targets and loss limits.
- Pressure to Perform: The evaluation process can be stressful, requiring consistent performance under strict rules.
- Limited to Forex and CFDs: The focus is primarily on Forex and CFD trading, which might not suit all traders.
- Geographical Restrictions: FTMO is not available in certain countries, limiting its accessibility.
FAQ
