FTMO Review
FTMO has crafted an exclusive two-step evaluation program designed for traders. This assessment comprises the FTMO Challenge and the Verification, meticulously tailored to identify and nurture trading talents. The overarching aim is to provide opportunities for traders globally, facilitating their journey towards financial independence.
Pros +
+ Excellent Trustpilot Rating of 4.7/5
+ Free Trial
+ Professional Trader Dashboard
+ CEO Openly Talks in Public
+ A Large Variety of Trading Instruments (Forex Pairs, Commodities, Indices, Stocks, Cryptocurrencies)
+ USD, GBP, EUR, CZK, CAD, AUD, & CHF Account Currencies
+ Leverage up to 1:100
+ No Maximum Trading Period
+ Scaling Plan
+ Premium Programme
+ First Payout After 14 Days
+ Bi-weekly Payouts
+ Profit Share of 80% up to 90%
+ Overnight & Weekend Holding Allowed
+ Swap-free Accounts
+ Balance-based Drawdown
+ Access to Trading Psychologists
Cons -
– Minimum Trading Day Requirements of 4 Days
– No News Trading
– High Prices
FTMO has crafted an exclusive two-step evaluation program designed for traders. This assessment comprises the FTMO Challenge and the Verification, meticulously tailored to identify and nurture trading talents. The overarching aim is to provide opportunities for traders globally, facilitating their journey towards financial independence.
Who are FTMO?
Established in September 2015, FTMO, legally known as FTMO Evaluation Global s.r.o., is a proprietary trading firm situated in Prague, Czech Republic. Under the leadership of CEO Otakar Suffner, FTMO offers traders a unique choice between a single two-step evaluation process. As partners with a tier-1 liquidity provider, they provide optimal simulated real market trading conditions, serving as the broker of choice.
You can find FTMO‘s headquarters at Purkyňova 2121/3, Nové Město, 110 00 Prague 1, Czech Republic. Join FTMO for a trading experience backed by a solid foundation and exceptional market conditions.
Who is the CEO of FTMO?
Otakar Suffner, the CEO of FTMO, is a Prague native with a conviction that formal education isn’t a prerequisite for success in trading or business, though it can be beneficial. Holding a master’s degree in Economics from Prague University, he also expanded his academic horizons by studying at Seoul National University in South Korea.
Beyond his professional pursuits, Otakar harbors a profound passion for sports, having engaged in tennis during his youth. While not pursuing a career in tennis, he maintains an active lifestyle with sports activities such as fitness, calisthenics, and kickboxing, engaging in them 3-4 times a week.
Otakar’s journey in trading commenced nearly a decade ago, beginning with Futures and later transitioning to Forex and CFDs. The switch allowed him greater flexibility in position sizing, a crucial aspect given the constraints of a smaller account during that period. As a trader, Otakar is inherently statistics-driven, placing a strong reliance on numbers. His focus on probabilities empowers him to formulate unique and data-driven trading ideas.
FTMO Funding Programs
Evaluation Program
Account Sizes
– $10,000 – $155
– $25,000 – $250
– $50,000 – €$345
– $100,000 – $540
– $200,000 – $1,080
Scaling Plan for the Evaluation Program
The Evaluation Program incorporates a strategic scaling plan to reward successful traders. Achieving consistent profitability over the last four months, with an average return of 10% and a minimum of two successful withdrawals, makes a trader eligible for an account size increase. This increase amounts to 25% of the initial account size. Moreover, the profit split escalates to an enticing 90% once the trader scales their Evaluation Program for the first time.
Illustration:
– After 4 Months: A qualified $100,000 account grows to $125,000.
– Following 4 More Months: A qualified $125,000 account further increases to $150,000.
– Subsequent 4 Months: A qualified $150,000 account experiences another boost, reaching $175,000.
This scaling plan provides a dynamic pathway for traders to not only showcase their consistent profitability but also enjoy incremental growth in their trading accounts.
Evaluation Program Trading Rules & Objectives
– Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1 is set at 10%, whereas Phase 2 requires reaching a profit target of 5%. Funded accounts do not have any specified profit targets.
– Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%.
– Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 10%.
– Minimum Trading Days – The minimum duration during which you must engage in trading before successfully concluding an evaluation phase. Both evaluation phases have a minimum trading day requirement of 4 days.
– No Weekend Holding – Traders are prohibited from holding trades during the weekend, meaning that all trades should be closed before the Friday market close.
– No News Trading – Trading is not permitted during high-impact news releases. This implies that executing new trades or closing existing trades on the specified instrument is prohibited within the 2-minute period both before and after the announcement of particular news.
Proof of Payment
FTMO, a proprietary trading firm established in September 2015, boasts a thriving community of traders who have achieved funded status and successfully qualified for profit sharing.
Upon reaching funded status through the Evaluation Program with FTMO, you become eligible for your first payout after 14 calendar days. Subsequently, you can receive payouts every 14 calendar days if you surpass the initial account size. The profit split is substantial, ranging from 80% to 90% based on the profits generated in your funded account.
For tangible evidence of FTMO payments, various platforms showcase payment proof. Notably, Trustpilot serves as one avenue where traders share their experiences and articulate the process of receiving payouts. Additionally, FTMO‘s Discord channel and YouTube channel feature numerous payout certificates and interviews with the most successful traders.
Explore the images below for concrete examples of payout certificates and payment proof.
Conclusion
In summary, FTMO stands out as a trustworthy and esteemed proprietary trading firm, offering traders the flexibility to opt for a single funding program, namely the Evaluation Program—a comprehensive two-step evaluation process.
FTMO‘s Evaluation Program adheres to industry standards, encompassing two phases that must be successfully completed to qualify for managing a funded account and enjoying profit splits ranging from 80% to 90%. Achieving profit targets of 10% in the first phase and 5% in the second phase is key to securing successful funding. These objectives are realistic, given the implementation of a 5% maximum daily loss and 10% maximum loss rules. Notably, there are no stringent requirements for maximum trading days during the evaluation phases, but a minimum of 4 calendar days of trading is mandatory in each phase. Additionally, the Evaluation Program introduces a scaling plan, allowing traders the opportunity to boost their initial account balance.
I highly recommend FTMO to individuals seeking a reputable proprietary trading firm that caters to diverse trading styles with exceptional conditions. FTMO offers unique features, including an unlimited trading period, the option for the first withdrawal after just 14 calendar days, bi-weekly future payouts, and an exclusive premium program. Considering the comprehensive offerings available to traders worldwide, FTMO undeniably stands as a leading force in the proprietary trading industry.
FTMO Review Details
Trading Platforms
cTrader, DXtrade
Deposit Methods
Bank Transfer, Crypto, Debit/Credit Card
Withdrawal Methods
Bank Transfer, , Crypto, Skrill
Account Size
$10.000, $25.000, $50.000, $100.000, $200.000
Tradable Instruments
Commodities, Crypto, Forex, Indices, Metals, Stocks
Rules
Maximum Daily Loss, Maximum Loss, Profit Target, Minimum Trading Days, No News Trading
Brokers
Liquidity Provider with Simulated Real Trading Conditions
Account Currencies
AUD, CAD, CHF, CZK, EUR, GBP, USD
Trading Programs
Two Step Challenge
Incorporation
September 2015
CEO
Otakar Suffner
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