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 up 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 offers evaluation packages starting from €155 for a $10,000 funded account. The fee scales with the selected capital, reaching up to €1,080 for a $200,000 challenge. This fee is paid once and covers both phases of the evaluation.
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 | Minimum 4 days | Minimum 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 |
FTMO funds traders with capital between $10,000 and $200,000. A scaling plan allows traders to increase their funded amount by 25% every four months if performance criteria are met.
Registration and Verification Tutorial
Opening a prop trading account with FTMO is simple and efficient, allowing traders to begin their journey in just three steps. The entire process takes less than 5 minutes and ends with direct access to your Client Area dashboard.
#1 Launch the FTMO Client Area
Go to the FTMO website and click on “Client Area” to begin the registration process.
#2 Fill in Personal Information on the FTMO Form
Enter your title, first and last name, email address, phone number, country of residence, and set a secure password. Accept the terms and click “Register.”
#3 Verify Your Email on FTMO
Open your inbox and click the verification link. Once confirmed, you’ll be redirected to your FTMO dashboard, ready to explore challenges and start trading.
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
FTMO Rules
As with many Prop Firms, the platform has certain policies for trading; Key Points of FTMO Conditions:
- VPN Usage: VPN/VPS services are allowed, except for accessing MetaTrader and cTrader from the United States;
- Hedging: Hedging doesn't eliminate losses and may lead to hitting loss limits during news events;
- Expert Advisors (EAs): Third-party EAs are allowed but must adhere to server activity and order limits;
- News Trading: Trading is restricted during specific times around news releases after evaluation, with a 2-minute window before and after the news.
VPN Usage
VPN or VPS services can generally be used, except when accessing MetaTrader and cTrader from the United States. Traders traveling to the U.S. should refrain from logging into their accounts while in that location.
Hedging
Hedging does not provide full protection against losses, as your profit and loss (P/L) are influenced by floating spreads. When trades are opened, the spread (the gap between Ask and Bid prices) causes a small immediate loss.
During economic news releases, liquidity can drop, widening spreads and leading to temporary losses that may trigger loss limits. If you're nearing these limits, it is advised to close positions rather than hedge.
Expert Advisors (EAs)
Using third-party Expert Advisors (EAs) may result in being denied an FTMO account if the maximum capital allocation is exceeded. The platform limits users to 200 orders at once and 2000 positions daily.
Additionally, there are restrictions on server message capacity (including orders and order modifications). If an EA causes excessive server activity, FTMO may notify the trader and request adjustments to the EA's logic or strategy parameters.
News Trading
During the FTMO Challenge and Verification stages, traders are free to trade during news releases. However, once the evaluation is passed (except for Swing accounts), caution is required during news events.
FTMO traders must avoid opening or closing trades on certain instruments within 2 minutes before and after significant news releases.
Trades opened more than 2 minutes before the news can remain open. If a Stop Loss or Take Profit is triggered during the restricted time, a violation occurs. Non-targeted instruments can be traded as usual.
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.
FTMO in Comparison with Other Prop Firms
Let's see what the differences are between FTMO features and those of other firms; FTMO Comparison:
Parameters | FTMO Prop Firm | ||||
Minimum Challenge Price | $155 | $39 | $15 | $33 | $97 |
Maximum Fund Size | $400,000 | $250,000 | $100,000 | $400,000 | $200,000 |
Evaluation steps | 3-phase | 1-Step, 2-Step, 3-Step | 1-Step, 2-Step | 1-Step, 2-Step, 3-Step, Instant Funding | 1-Step, 2-Step |
Profit Share | Up to 90% | 100% | 85% | 100% | 80% |
Max Daily Drawdown | 5% | 5% | 4% | 7% | 5% |
Max Drawdown | 10% | 10% | 8% | 14% | 10% |
First Profit Target | 10% | 5% | 8% | 6% | 5% |
Challenge Time Limit | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
Maximum Leverage | 1:100 | 1:100 | 1:75 | 1:100 | 1:100 |
Payout Frequency | Monthly | Bi-weekly | 10 Days | Weekly | Bi-weekly |
Number of Trading Assets | N/A | 3000+ | 400+ | 40+ | 40 |
Trading Platforms | MT4, MT5, cTrader, DXtrade | Metatrader 5 | Match-Trader, cTrader | MetaTrader 5, Match Trader | MetaTrader 5, cTrader, Dxtrade |
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.