FTMO, a Czechs Prop trading firm with 4.8/5 rating on trustpilot! FTMO prop provides $200000 of capital but in order to achieve that, you have to go thourogh 3 steps [FTMO CHALLENGE, VERIFICATION, FTMO TRADER]. This prop firm splits 90% of profit with tader and recieves 0.0010% of each position as commission!
FTMO Prop firm company information
Founded in 2015 in the Czech Republic by “Marek Vašíček” and “Otakar Šuffner”. Two years after that, FTMO launched its international version of project that we know it as FTMO.com.
It all happened in a small office in Prague and FTMO has quickly established itself as a game-changer in the Proprietary trading industry.
Company's innovative approach centers around a rigorous four-step Evaluation Process designed to identify and nurture talented traders. But what makes FTMO unique?
- A 4-step Evaluation Process (FTMO Challenge and Verification);
- Access to FTMO Accounts with up to $200,000 in fictitious funds;
- Opportunity to earn u 90% of profits;
- Comprehensive educational tools and services through FTMO Academy;
- Performance coaching and analytical applications;
- Potential to join the Premium Programme with additional benefits;
- Chance to become a professional trader at Quantlane, FTMO's Proprietary trading company;
Prop’s rapid growth has not gone unnoticed, with the company winning awards as one of the fastest-growing technology firms in Central Europe such as:
- Fmls: best Prop trading firm provider;
- Technology fast 50 2023 CE Winner;
- Technology fast 50 2022 CE Winner.
FTMO Summary of Specifications
Apart from Demo Challenge, FTMO has a 3-step challenge that each of them has its own specifications. But challenges are not everything you should know about FTMO prop.
Account Currency | USD, EUR, GBP, CZK, AUD, CHF |
Minimum Price | $155 |
Maximum Leverage | 1:100 |
Maximum Profit Split | Up To 90% |
Instruments | Forex, Indices, Crypto, Commodities |
Assets | 90+ |
Evaluation Steps | 3 |
Trading Platform | MT4, MT5, cTrader, DXtrade |
Withdrawal Methods | Bank Wire Transfer, Skrill, Cryptocurrency |
Maximum Fund Size | $400000 Per Trader |
First Profit Target | 10% |
Max. Daily Loss | 5% |
Challenge Time Limit | No Limit |
News Trading | Yes |
Maximum Total Drawdown | 10% |
Commission Per Round Lot | 0.0010% |
Trust Pilot Score | 4.8/5 |
Payout Frequency | Monthly |
Established Country | Czech Republic |
Established Year | 2015 |
Advantages and Disadvantages
Like any trading opportunity, FTMO comes with its own set of pros and cons. Let's break them down:
Pros | Cons |
Access To Significant Capital Without Risking Personal Funds | Initial Fee Required for The FTMO Challenge |
Opportunity To Earn Up To 90% Of Profits | Not Good for Futures And Stocks Trading |
Comprehensive Educational Resources and Tools | Limited To Demo Trading Until Passing the Evaluation |
Multiple Trading Platforms Supported Such as MT4, MT5 And cTrader | |
1:100 Leverage | |
Good Diversity for Trading Instruments |
Funding and price
FTMO prop has considered 3 levels of challenges for traders, each of which has its own characteristics. For example, the Price for the first stage of "FTMO CHALLENGE" is different from the third stage of "FTMO TRADER". Comparison of FTMO steps:
Specifics | Step 1 “FTMO CHALLENGE” | Step 2 “VERIFICATION” | Step 3 “FTMO TRADER” |
Trading Period | Limitless | Limitless | Limitless |
Price | Not submitted | Not submitted | Not submitted |
Balance | $10000, $25000, $50000, $100000, $200000, $400000 | $10000, $25000, $50000, $100000, $200000, $400000 | $10000, $25000, $50000, $100000, $200000, $400000 |
Time Limit | 4 days | 4 days | - |
Maximum Daily Loss | 5% | 5% | 5% |
Profit Target | 10% | 5% | - |
Refundable Fee | Variable relative to the balance | Variable relative to the balance | Variable relative to the balance |
Registration and Verification Tutorial
Embarking on your FTMO journey is a straightforward process. Here's a step-by-step guide to get you started:
- Open the FTMO website and click on "FTMO Challenge";
- Click on “Sign Up”
- Complete the registration form with your personal details such as Name and Email;
- Accept and Pay the FTMO Challenge fee;
- Trade according to the specified objectives within the given timeframe;
- Upon successful completion, move on to the Verification step;
- Complete the Verification with similar, slightly easier objectives;
- Once verified, gain access to your FTMO Account and start trading for profit;
FTMO user evaluation steps
The FTMO evaluation process consists of 4 main steps that traders have to pass. Although they might seem hard but here’s the guide for you.
- Step 01 “FTMO Challenge”: Providing Educational resources for traders;
- Step 02 “Verification”: this step verifies the trading skills of traders;
- Step 03 “FTMO Trader”: Provides an account for trader with 200000 balance;
- Step 04 “Professional Trader”: Premium Programme for traders;
These steps are designed to assess not just your profitability, but also your risk management skills and consistency. Successful completion of these stages grants you access to the FTMO Account, where you can trade with up to $200,000 in and earn real profits.
Bonus and discounts
FTMO rewards its top performers through its Premium Programme, which includes two levels:
- Prime Status;
- Supreme Status.
Prime Status benefits
Prime is the first level of FTMO’s Premium Programme and to be eligible you must have a clean record and profitability. Benefits of Prime Status:
- One free FTMO Challenge
- Dedicated customer support agent
- 90% reward on simulated profits
- Special achievement certificate
- Increased maximum allocation to $600K
- Access to $400K FTMO Challenge product
- No time limits (as long as Prime Status is active)
- 5% bonus on rollover amounts
- 10% discount on new FTMO Challenges
- 15% discount at the FTMO e-shop
Supreme Status Benefits
Supreme Status offers all Prime benefits plus:
- Immediate reward
- $1M maximum allocation
- No maximum daily loss
- Physical badge of achievement
- Opportunity to join Quantlane as a professional trader
What Trading Platforms does FTMO Prop firm offer?
FTMO caters to a variety of trading preferences by offering multiple popular platforms:
- Metatrader 4 (MT4)
- Metatrader 5 (MT5)
- cTrader
- DXtrade
Traders can choose their preferred platform when configuring their FTMO Challenge. It's worth noting that US-based clients are not permitted to use metatrader or ctrader platforms due to regulatory restrictions.
FTMO Prop firm Metatrader 4
Metatrader 4 remains the most popular choice among FTMO traders. This platform offers:
- User-friendly interface
- Advanced charting capabilities
- Automated trading through Expert Advisors (EAs)
- Large community of traders and developers
You can download it for different operation systems with the links below:
- Windows MT4
- Mac MT4
- Android MT4
- iOS MT4
- Web MT4
FTMO Prop firm Metatrader 5
Metatrader 5, the successor to MT4, provides enhanced features for trading in FTMO prop such as:
- Depth of Market (DOM) display
- Six types of pending orders
- Multi-threading backtesting
- More timeframes and graphical objects
- Improved strategy tester
Download FTMO mt5 via these links:
- Widnows MT5
- Mac MT5
- Android MT5
- iOS MT5
- Web MT5
FTMO Prop firm cTrader
Ctrader is a modern, feature-rich platform offering:
- Advanced charting tools
- Fast execution
- Strategy sharing and replication through ctrader Copy
- C# API for custom indicator and EA development
- Comprehensive market depth information
Ctrader is Available via the links below:
- Windows cTrader
- Mac cTrader
- Android cTrader
- iOS cTrader
- Web cTrader
DXtrade
DXtrade is FTMO's newest addition to their platform offerings, providing:
- Web-based interface for easy access from any device
- Intuitive and user-friendly design
- Advanced charting capabilities
- Real-time risk management tools
- Customizable workspace layouts
FTMO DXTRADE is just available for web Browsers and you can have it with this link:
Trading Instruments
There are 93 available instruments to trade in FTMO such as Currency pairs, Indices, crypto and more! List of FTMO Instruments:
Instrument | Example |
Forex | EUR/USD, USD/JPY, EUR/NOK |
Indices | S&P 500, NASDAQ, DAX, FTSE 100 |
Commodities | Gold, Silver, Oil, Natural Gas |
Crypto | BTCUSD, ETHUSD, LTCUSD |
FTMO Fees
FTMO commission for currency pairs is $3 per lot but what about other instruments?
- Metals CFD: 0.0010% per lot
- Equity CFD:0040% per lot
- Currency Pairs: $3/lot
Unfortunately, fees/commissions for other Instruments are not specified.
FTMO Withdrawal
Withdrawals in FTMO are processed efficiently, typically within 1-2 business days. Traders can receive their profits via:
- Bank wire transfer
- Skrill
- Cryptocurrency
Education
FTMO Academy places a strong emphasis on trader education through its comprehensive learning system. This online University is divided into four main sections:
- Basics: Covers financial markets, forex, and trading terminology
- Trading Analysis: Delves into technical, statistical, fundamental, and sentiment analysis
- Advanced: Focuses on strategy development and trading platforms
- FTMO Evaluation Process: Explains rules and requirements for passing the FTMO Challenge and Verification
As we found out in FTMO review, academy employs a mix of text, videos, and interactive quizzes to reinforce learning.
Trust scores
FTMO has established itself as a highly trusted Prop trading firm within the trading community. FTMO Trust Score:
- Trustpilot: 4.8 out of 5 based on over 12,000 reviews
- Reviews.io: 2.0/5 based on 4 reviews.
- ForexPeaceArmy: 4.4 out of 5 from 723 reviews.
- Forex Prop reviews: 4.5 out of 5.
How can you contact FTMO Prop firm support?
FTMO support is available 24/7 and tries hard to provide excellent customer support through various channels:
- Contact form
- Email: support@FTMO.com
- 24/7 live chat
- Messenger
- Phone: +44 20 3322 2983
Their support team is based in Prague, Czech Republic, and can assist in 17 different languages.
FTMO Prop firm social media channels
FTMO maintains an active presence on various social media platforms, allowing traders to stay connected and informed.
- Facebook: https://facebook.com/ftmocom/
- X (Twitter): https://x.com/FTMO_com
- Instagram: https://instagram.com/ftmocom/
- Youtube: https://www.youtube.com/channel/UCypUrEOeDRA5_uLMnKBVpZg
- Tiktok: https://www.tiktok.com/@ftmocom
- Linkedin: https://www.linkedin.com/company/ftmo/
- Discord: https://discord.com/invite/8j7r5XaaW6
Trading Finder Expert Suggestions
More than 1 million traders use FTMO and since the beginning, they won 9 industry awards. With support from QUANTLANE, FTMO offers 4 trading platforms [MT4, MT5, cTrader, DXtrade] and a performance coach for each trader.
