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FTMO Review 2024

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FTMO Review 2024
Premium Program for traders with higher profits4.8/5 rating on Trustpilot and multiple awards$200,000 CapitalSupports MT4, MT5, cTrader, and DXtradeProvides education and resources through FTMO Academy
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Your Capital is at risk.

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:FTMO
Founded:2015
Headquarter:Czech Republic
Min Price:$155
Max Fund:$400,000
Challenges:3
About
FTMO, a Prop trading firm founded in 2015, offers up to $200,000 in capital and a 90% profit split. Traders must complete a four-step evaluation process to access these funds. With a 4.8/5 rating on Trustpilot, FTMO is highly regarded in the trading community.
Contact
Purkynova 2121/3 110 00 Prague, Czech Republic
Rank and Score
Pros and Cons
Withdrawal Payments
Instruments
Pros
1:100 Leverage
Access To Significant Capital Without Risking Personal Funds
Comprehensive Educational Resources and Tools
Multiple Trading Platforms Supported Such as MT4, MT5 And cTrader
Good Diversity for Trading Instruments
Opportunity To Earn Up To 90% Of Profits
Cons
Initial Fee Required for The FTMO Challenge
Not Good for Futures And Stocks Trading
Limited To Demo Trading Until Passing the Evaluation

FTMO, a modern Prop trading firm since 2015 and the rating of 4.8/5 on trustpilot! FTMO prop provides $200000 of capital but in order to achieve that, you have to go thourogh 4 steps. Want to know more about these steps and find about this prop? Don’t miss the “FTMO review” and stay with us to get 90% of profit!

FTMO Prop firm company information

FTMO
FTMO is Czechian Prop firm that established in 2015.

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

35+

Evaluation Steps

4

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 Funding Plans
FTMO Funding Plans at a glance

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:

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:

  1. Open the FTMO website and click on "FTMO Challenge";
FTMO sign up
FTMO register starts with clicking on “FTMO Challenge”
  1. Click on “Sign Up”
  2. Complete the registration form with your personal details such as Name and Email;
  3. Accept and Pay the FTMO Challenge fee;
  4. Trade according to the specified objectives within the given timeframe;
  5. Upon successful completion, move on to the Verification step;
  6. Complete the Verification with similar, slightly easier objectives;
  7. 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.

  1. Step 01 “FTMO Challenge”: Providing Educational resources for traders;
  2. Step 02 “Verification”: this step verifies the trading skills of traders;
  3. Step 03 “FTMO Trader”: Provides an account for trader with 200000 balance;
  4. 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 and Supreme Status.

FTMO bonus
FTMO bonus divides to Prime and Supreme.

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 Trading Platforms
FTMO Supports MT4, MT5, cTrader and DXtrade.

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:

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:

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:

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

FTMO trading instruments
Review of FTMO Forex assets.

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:

FTMO academy
FTMO provides learning materials for every trader!
  1. Basics: Covers financial markets, forex, and trading terminology
  2. Trading Analysis: Delves into technical, statistical, fundamental, and sentiment analysis
  3. Advanced: Focuses on strategy development and trading platforms
  4. 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 rating: 4.8 out of 5 based on over 12,000 reviews
  • io rating: 2.0/5 based on 4 reviews.
  • ForexPeaceArmy rating: 4.4 out of 5 from 723 reviews.
  • Forex Prop reviews rating: 4.5 out of 5.

How can you contact FTMO Prop firm support?

FTMO Support
FTMO Support is available via various channels such as Email and Live Chat.

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: @FTMOcom
  • X (Twitter): @FTMO_com
  • Instagram: @FTMOcom
  • Youtube: @FTMOcom
  • Tiktok: @FTMOcom
  • Linkedin: @FTMO

Trading Finder Expert Suggestions

FTMO is a Prop trading platform that has more than 1 million users and share the 90% of the profit with its traders. There are more than 90 instruments available on FTMO and they provide a great educational system called “FTMO Academy”. In FTMO review we covered everything you must know about this prop but remember; it has its own disadvantages too!

FAQs
Is FTMO legit?

Yes, FTMO is a legitimate and well-respected Prop trading firm with thousands of positive reviews.

How to apply for FTMO challenge?

In order to apply for FTMO prop challenge you must sign up in the prop and follow the steps.

How long does it take to complete the FTMO Challenge?

The Challenge has no time limit, but you must trade for a minimum of 4 days.

Can I use expert advisors with FTMO?

Yes, FTMO allows the use of eas as long as they follow the trading objectives and rules.

What happens if I fail the FTMO Challenge?

You can retake the Challenge by paying the fee again. There's no limit on attempts.

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