A Pioneer in Modern Prop Trading
FTMO is a leading Modern Prop Trading firm founded in 2015 and based in Prague. It offers a wide range of assets, including forex, indices, commodities, stocks, and cryptocurrencies. What sets FTMO apart is its reliability, extensive suite of tools, Performance Coaches, dedicated support in 16 languages, and Free Trial options, making it an attractive choice for both beginners and professionals.
Expert Reviewer Verdict
FTMO stands out as a Modern Prop Trading firm with a strong focus on trader development. With features like an FTMO Challenge, Performance Coaches or Premium Programme, it’s designed for traders aiming to sharpen their skills. The platform offers access to various assets, including forex, stocks, and cryptocurrencies, making it suitable for investors with different strategies.
Key advantages include 24/7 support, a Free Trial, and a selection of trading platforms like MetaTrader 4, 5, cTrader and DXtrade. However, the higher platform’s evaluation fees might be seen as a disadvantage for some traders. Despite this, FTMO’s premium services and large community provide solid support for traders looking to excel.
Pros and Cons
Pros
- 24/7 Client Support Available
- Free Trial
- Leader in Modern Prop Trading
- Comprehensive Trading Tools
- Access to Performance Coaches
Cons
- Higher Price Point
- Trading Fees for Certain Symbols
- Industry Standard 80% Reward Ratio
Trust and Safety
Is FTMO Legit and Safe?
FTMO prioritizes the trust and security of its traders through several key measures. Although not regulated, FTMO ensures client safety by offering demo accounts, where traders do not deposit any funds. This eliminates the risk of losing personal capital.
Additionally, FTMO constantly monitors the behavior of traders and group trades to prevent fraudulent activity. The platform strictly follows internal security protocols, ensuring the integrity of trades and accounts. Rewards are carefully processed through a range of secure payment methods. These robust security features make FTMO a trustworthy choice for traders looking to engage in risk-free evaluation processes and focus on growing their trading skills.
Tradable Instruments
Diverse Range of Trading Options
FTMO provides a comprehensive selection of tradable instruments, making it an ideal platform for traders looking to diversify their portfolios. Users can access a wide variety of markets, including forex, indices, commodities, stocks, and cryptocurrencies. This broad range ensures that both novice and experienced traders can find assets that suit their strategies. Whether you’re trading popular currency pairs or diving into the volatile world of cryptocurrencies, FTMO offers a platform that supports different trading preferences.
Additionally, with over 100 assets available, traders have the flexibility to explore and manage risk across various markets. This diverse offering of instruments, combined with multiple trading platforms, makes FTMO a versatile choice for those seeking broad market exposure.
|
Trading Instrument |
Available |
|
COMMODITIES |
Yes |
|
CURRENCIES |
Yes |
|
CRYPTOCURRENCIES |
Yes |
|
ETF |
No |
|
FUTURES |
No |
|
INDICES |
Yes |
|
STOCKS |
Yes |
|
BONDS |
No |
|
OPTIONS |
No |
Account Types
Accounts Tailored to Your Trading Style
FTMO offers two main account types tailored to different trading styles: the FTMO Account and the FTMO Swing Account. The FTMO Account comes with a maximum of 1:100 leverage, designed for traders who prefer higher leverage for more aggressive trading. On the other hand, the FTMO Swing Account offers a maximum of 1:30 leverage, the possibility to trade around news releases and holding of trades overnight (above 2 hours market close) and over the weekend.
Both accounts are available in demo format, allowing traders to practice without risking their own funds. Additionally, traders can choose between various FTMO Challenge values ranging from $10,000 to $200,000, giving flexibility based on experience and financial goals. With accounts suited for both beginners and professionals, FTMO provides a well-rounded offering to meet diverse trading needs.
|
Account Type |
Available |
|
DEMO ACCOUNT |
Yes |
|
ISLAMIC ACCOUNT |
Yes |
|
SEGREGATED ACCOUNT |
No |
|
MANAGED ACCOUNT |
No |
|
SUITABLE FOR BEGINNERS |
Yes |
|
SUITABLE FOR PROFESSIONALS |
Yes |
|
US TRADER |
No |
Commission and Fees
Transparent Fee Structure
FTMO offers a clear and transparent fee structure, ensuring traders are aware of all costs upfront. Although there are some fees for trading certain assets, FTMO keeps fees minimal, making it a competitive choice in the market.
Account Minimum
Smallest FTMO Challenge account starts at $10,000, with a minimum fee of €89.
Trading Fees
There are trading fees for specific symbols. Forex pairs have a $3 round turn fee per lot, while metals and US equities have percentage-based commissions.
Forex Fees
Forex fees include a $3 round turn fee per lot for each currency, with conversions handled automatically.
Futures Fees
Currently, FTMO does not offer futures trading, so no fees are applicable.
Account Fee
FTMO does not charge account fees, but there is a fee for the FTMO Challenge based on the challenge size. However, the fee is reimbursed to you with the first reward when you become an FTMO Trader.
Inactivity Fee
FTMO does not charge inactivity fees, though inactive accounts may be terminated as per terms.
Withdrawal Fee
No withdrawal fees apply as there are no deposits. Fees may apply for reward transactions.
Overnight Funding Fee
Swaps are charged nightly for trades held overnight, with varying rates.
Currency Conversion Fee
No currency conversion fees, as payouts are made in the account currency.
Guaranteed Stop Order Fee
FTMO does not offer guaranteed stop orders.
Trading Platforms
Versatile Platforms for Every Trader
FTMO offers a range of trading platforms that cater to different trading styles and preferences. Traders can choose from MetaTrader 4, MetaTrader 5, cTrader and DXtrade, giving them flexibility in how they manage their trades.
Mobile Trading Apps
FTMO supports mobile trading through MetaTrader 4, MetaTrader 5, and cTrader apps, available for both Android and iOS devices. This allows traders to manage their accounts and place trades on the go.
Web Trading Apps
For web-based trading, FTMO provides MetaTrader 4, MetaTrader 5, cTrader and DXtrade platforms, enabling traders to access their accounts from any browser without the need for downloads.
Desktop Trading Apps
FTMO also offers desktop applications for MetaTrader 4, MetaTrader 5, and cTrader, compatible with both Windows and Mac operating systems. This ensures a robust and comprehensive trading experience with full access to all features and tools.
|
Trading Platform |
Available |
|
MT4 |
Yes |
|
MT5 |
Yes |
|
CTRADER |
Yes |
|
PROPRIETARY |
No |
|
Desktop and Web Platform |
Available |
|
DESKTOP WINDOWS |
Yes |
|
DESKTOP MAC |
Yes |
|
WEB PLATFORM |
Yes |
|
Mobile Platform |
Available |
|
ANDROID |
Yes |
|
iOS |
Yes |
Unique Features
Innovative Tools for Enhanced Trading
FTMO offers a range of unique features that set it apart from competitors. One standout tool is the Live MetriX, which provides traders with in-depth analysis of their trading performance. Additionally, the Trading Journal helps traders track their progress and refine their strategies over time.
FTMO also provides access to a Mentor App, designed to improve trading discipline by monitoring risk limits and trading objectives. Other valuable tools include an Equity Simulator, News Indicator, Statistical App, and various calculators like the Pip, Margin and Position Size Calculators. The FTMO Academy is another highlight, offering comprehensive educational resources to help traders improve their knowledge and skills, making FTMO a well-rounded platform for traders of all levels.
Research and Education
Comprehensive Education for Traders
FTMO provides a robust educational platform through its FTMO Academy, designed to equip traders with the essential knowledge needed to succeed in the financial markets. The Academy offers resources that cover the basics of trading, including insights into various instruments like forex, stocks, and commodities. It also teaches traders how to avoid common pitfalls and stay updated with market trends.
Additionally, FTMO’s Mentor App helps traders improve their discipline by setting risk limits and monitoring trading objectives. With access to performance coaches and educational tools, FTMO ensures that traders have the guidance and support necessary to continually enhance their trading strategies and achieve long-term success.
Customer Support
24/7 Support for Seamless Trading
FTMO offers round-the-clock customer support in 16 languages, ensuring traders can access help whenever they need it. Support is available through multiple channels, including live chat, email, and the Discord community, allowing traders to connect in their preferred way. Whether you need assistance with technical issues, account management, or platform navigation, FTMO’s support team is readily accessible to provide quick and efficient solutions.
The firm’s 24/7 availability is a major advantage for traders operating in global markets, as it ensures that time zones never pose a problem for getting assistance. FTMO’s commitment to hassle-free support makes it a reliable choice for traders seeking continuous help and guidance.
Account Opening
Quick and Simple Process
FTMO’s account opening process is designed to be user-friendly and efficient.
Registration: Traders start by registering for a Free Trial or purchasing an FTMO Challenge through the company’s website. The process is straightforward and can be completed within minutes.
Evaluation: In order to become an FTMO Trader, a trader will have to pass FTMO’s 2-step Evaluation Process. In the first step, the FTMO Challenge, traders will have to pass all Trading Objectives, and then proceed to the second and final step of the Evaluation Process, the Verification. The rules in the Verification step are easier than in the FTMO Challenge.
Document Upload: Once the Verification is completed, traders must upload several documents to create their official FTMO Identity, finalizing the account setup.
This simple, step-by-step process ensures that traders can quickly get started with their trading journey on FTMO’s platform.
Deposit and Withdrawals
No Deposits, Secure Withdrawals
FTMO operates differently from traditional trading platforms as traders do not deposit their own funds.
Deposits:Since FTMO is a Modern Prop Trading Firm, there are no deposit requirements. Traders participate using demo funds provided by FTMO, so no personal capital is at risk.
Withdrawals:FTMO processes reward shares for successful traders. Withdrawals are handled through a range of secure payment methods, depending on the trader’s preference. However, fees may apply for transactions made through certain payment methods.
This system ensures that traders can focus on trading without the risk of personal financial loss.
Final Thoughts
FTMO has established itself as a leading Modern Prop Trading firm, offering a unique opportunity for traders to grow their skills without risking personal funds. With a wide range of tradable instruments, flexible account types, and access to premium tools like the Mentor App and Account MetriX, FTMO caters to both beginners and professionals. The platform’s Evaluation process provides a structured way to prove trading abilities, and the 24/7 customer support ensures traders are always backed by a reliable team.
Although there are fees associated with the FTMO Challenge, the benefits of coaching, education, and performance tracking make it a worthwhile investment for serious traders. Overall, FTMO is an excellent choice for those looking to enhance their trading careers in a secure, well-supported environment.
Contact Info
Purkyňova 2121/3, Nové Město, 110 00 Prague 1, Czech Republic
FAQs
-
Question: What does FTMO do?
Answer: FTMO is the leading Modern Prop Trading firm that allows traders to try a unique 2-step Evaluation Process consisting of the FTMO Challenge and Verification step. Those who pass this process can access an FTMO Account, where traders can earn up to 90% reward of their simulated profits. -
Question: What is the minimum account size?
Answer: FTMO offers a minimum account size of $10,000. -
Question: What trading platforms are available on FTMO?
Answer: FTMO supports MetaTrader 4, MetaTrader 5, cTrader and DXtrade, across desktop, web, and mobile devices. -
Question: What is the profit split between the trader and FTMO?
Answer: FTMO offers an 80:20 profit split, with the possibility of scaling to 90:10 based on performance.
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