FTMO is renowned as one of the top prop firms for traders seeking to manage significant capital. Their famous challenge provides a unique opportunity to access funding under specific conditions. Learn how to join FTMO and optimize your earnings while adhering to their strict guidelines.
FTMO is a company classified as a prop firm, part of an increasingly popular trend. Prop firms are companies comparable to investment brokers that allow investors to trade with their capital.
Typically, traditional brokers act as intermediaries between financial asset markets and investors. The investor registers on the platform, which sells contracts allowing traders to open positions on financial assets (such as Forex, for example). The trader then trades with their own capital, and the risks are entirely assumed by them.
The platform is available via website and mobile (Android and iOS) in 18 languages including English, with customer support available through WhatsApp, LiveChat, email, and phone.
A prop firm operates differently from traditional trading brokers. It recruits traders through a challenge that they must pass. Then, the company provides them with capital that belongs to the firm.
The trader trades this capital across various markets and collects a portion of the profits they generate. Some prop firms, like Giimer or FTMO, offer trading across multiple markets, while others specialize in a single market, such as Breakout and cryptocurrencies.
The latter therefore offers a wider range of cryptos than all multi-market prop firms. Breakout has more than one hundred different assets, but it’s primarily the first company of its kind to provide direct access to liquidity from centralized exchanges.
FTMO is a company registered in the Czech Republic and launched in 2014 by two young day traders. Their team is young, dynamic, and the company operates from modern, spacious offices located in Prague. The platform positions itself as one of the best prop firms in the market due to its reliability and positive user feedback.
FTMO made headlines in 2022 when it was placed on the AMF blacklist. This list includes players in the financial markets and investment world that are not recommended according to the regulatory structure.
Many misunderstandings followed this blacklisting, as it was completely unexplained. The prop firm was finally removed a few weeks later.
The operation of all prop firms is similar : anyone can try their luck to become one of the company’s traders by passing a test or challenge. To take the test, the trader pays a fee that allows them to begin.
According to the terms established by the company, the test runs for a certain period. If the trader achieves good results, the prop firm selects them to join its trading program. Otherwise, they cannot access the allocated funds.
If selected and they become a trader, their account is credited with capital that they can trade while receiving a portion of the profits they generate.
In the case of FTMO, there are 3 tests to pass to become a trader on their platform :
FTMO offers several trading platforms to its users. You can choose to trade on your preferred platforms such as MetaTrader 4, MetaTrader 5, cTrader, and DX Trade.
Quantlane Trader represents the ultimate step for the best FTMO traders. Through the Premium Program, top-performing traders can join Quantlane, a proprietary trading company that offers the opportunity to manage real capital.
This program is designed for experienced traders who want to evolve in an institutional trading environment.
This challenge is the first step to becoming an FTMO trader. Anyone can register at any time by paying the required fee.
The price of the FTMO challenge depends on the capital you wish to have available for trading. The minimum amount is $99 for $10,000 capital with normal risk. The platform provides up to $200,000 on an FTMO account!
The FTMO challenge now has no time limit, offering traders the ability to progress at their own pace. However, it remains mandatory to trade for at least a minimum of 4 days, opening and closing actual positions to validate each phase of the evaluation.
The guidelines provided by FTMO at the start are :
The trader can choose the amount of capital made available, and the cost of participation in the challenge depends on the amount chosen (prices for “normal” risk selection) :
The amount invested by the trader to take the challenge is fully refunded by FTMO if they become a trader.
Two types of accounts are offered for the challenge with different leverage effects. The “normal” account offers 1:100 leverage. The FTMO Swing account offers 1:30 leverage and allows traders to keep their positions open overnight and over the weekend.
Verification is the second phase of the challenge. As its name suggests, it’s the phase during which the trader confirms their aptitude and skills in trading.
This phase remains similar to the first in terms of expected results, without being more difficult. The only difference is that there is now no time limit to achieve the set objectives.
In addition to the FTMO challenge, it’s possible to try the platform after your registration. Indeed, when you’ve completed your FTMO registration, you can choose the “Free trial” option to start a 14-day trial.
This trial will allow you to familiarize yourself with the platform and FTMO tools without being directly in the challenge phase. The option is comparable to a demo account with a traditional broker. You have access to the platform and can trade without risk.
If you’re not comfortable with FTMO and prefer to test the platform, you can start with this trial.
FTMO offers access to a wide range of financial markets, allowing traders to diversify their strategies. The platform supports several types of assets, each with its own characteristics in terms of volatility, spreads, and trading conditions.
Note : Trading conditions vary according to the leverage chosen and the platform used (MT4, MT5 or cTrader). Each asset has its own spreads and opening hours, so it’s essential to check the conditions on the FTMO website before establishing a strategy.
The prop firm thus offers great flexibility to traders, allowing them to choose the markets most suited to their trading style and risk management.
Before diving into the FTMO Challenge, make sure you’re well prepared to optimize your chances of success and avoid unnecessary expenses.
Follow our step-by-step guide for a smooth and efficient registration.
You must choose between numerous options :
The price of the FTMO challenge will depend on the parameters chosen and ranges from $99 to $1199.
You then proceed to payment and your challenge begins. As a reminder, the first part of the challenge now has no time limit. If you succeed, you’ll then need to validate the verification phase, also with no time limit to achieve your objectives.
To maximize your chances of success on FTMO and avoid mistakes right from registration, it’s important to prepare each step well. Here’s what you need to know :
FTMO offers several account sizes : $10,000, $25,000, $50,000, $100,000 and $200,000. Before diving in, determine your risk level:
FTMO supports MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader. Choose the one you’re most comfortable with to avoid errors due to inexperience.
To succeed, you must :
Certain strategies are prohibited, such as martingale or arbitrage. Additionally, it’s advisable to avoid trading during major economic announcements.
A free 14-day trial is available to discover the platform without financial commitment.
Once you’ve chosen your parameters, simply validate your registration and proceed with payment. If you pass the challenge, your registration fees will be fully refunded.
Tip : Practice on a demo account and apply strict risk management before attempting the FTMO challenge.
Once you’ve passed both phases of FTMO’s evaluation process, you get an FTMO Account. Although this is a demo account with virtual funds, you can receive real financial rewards based on the simulated profits you generate.
Your account capital will correspond to that of your initial challenge, so it’s wise to choose your starting amount carefully.
To benefit from the scaling plan, you must :
Additionally, the amount invested for the initial challenge is fully refunded during your first profit sharing.
The platform offers an attractive reward structure for high-performing traders, with opportunities to increase allocated capital and profit share through their scaling plan.
FTMO has established itself as a global reference among prop firms, with more than 20,000 funded traders since 2014. Based in Prague and regulated by the Czech National Bank (CNB), it offers trading accounts up to $400,000 and profit sharing up to 90%.
FTMO distinguishes itself through its proprietary technology, high-performance mobile application, and advanced analytical tools. It also guarantees rigorous payment tracking, with more than 60 million paid to traders.
FTMO remains a top-tier prop firm, but access requires strict discipline and mastered risk management. For serious traders, it offers a solid opportunity with advantageous conditions once funded.
The FTMO concept remains solid: it allows anyone to get into trading without risking their own capital. Traders can access significant funds and earn up to 90% of the profits generated, while limiting risks.
It’s a real opportunity for those looking to trade in a serious framework without having to invest huge sums upfront.
That said, not everything is perfect. Registration for the FTMO Challenge requires an initial investment that depends on the chosen capital, for example, $599 for a $100,000 account. Even if this amount can be refunded from the first profit sharing, the risk of never reaching this stage exists, especially given the rigorous selection.
Despite this, FTMO remains one of the best prop firms in the market, with fast payments and a professional framework that attracts many ambitious traders.
Client reviews for FTMO on the famous Trustpilot platform are excellent. The prop firm garners a score of 4.8/5 from 21,000 reviews, with 90%+ giving the maximum rating.
It’s rare to find a platform with any relation to investment with such a high rating. Reading the comments, they are all glowing.
You can read that payments are always made when needed, that the customer service is very responsive and excellent. Many comments assert that FTMO is the best prop firm in the market.
“Great follow-up, super clear platform, super quick response from FTMO teams.
If you want to start with a PropFirm, only one choice: FTMO”
Greg – Trustpilot
“I appreciate their leadership in the propfirm field. I also validated my FTMO challenge after 3 attempts. I also find the spread satisfactory. They are also prompt to help you.”
Oumasaore – Trustpilot
The negative FTMO reviews are mostly from users who haven’t passed the tests and are complaining about their non-acceptance. It’s difficult to know the exact reasons for their rejection and whether the fault lies with the platform.
“Why do I give 3 stars? Because I find the daily loss system misleading. Let me explain: one of my positions closed on a stop loss, granted, but it was in profit. Regarding the imputed drawdown value, they apparently calculate the maximum I could have gained and deduct it as a loss.
If your drawdown is, for example, too large, even if you’ve recorded a profit, you can lose your account. It’s very unhealthy.”
Ludo – Trustpilot
Léa is a member of the InvestX team, dedicated to guiding users through their learning journey. Passionate about cryptocurrencies, she closely follows market trends. On InvestX.fr, Léa writes articles to help readers decode the latest news and stay informed about the ever-evolving blockchain world.
FTMO is a prop firm. It offers a unique trading service, as traders on this platform trade FTMO’s money, not their own personal capital. The company recruits traders through testing and, if approved, provides them with a trading amount, from which they receive a percentage if they make a profit.
To become an FTMO trader, you must complete a two-step challenge. The first phase, with no time limit, requires you to achieve a 10% profit target while maintaining a maximum daily loss of 5% and a total loss of 10%. You must also trade for at least four separate days. The second phase, also with no time limit, aims to confirm your skills with a reduced profit target of 5%.
When a user completes the evaluation process and becomes an FTMO Trader, they receive 80% of the profits generated on their account. This commission can increase to 90% thanks to the Scaling Plan.
This plan also allows you to increase your account balance by 25% after meeting certain conditions, such as achieving a net profit of at least 10% over four consecutive monthly cycles.
As an FTMO trader, you receive between 80% and 90% of the profits generated. Withdrawals can be requested at any time, as long as 14 calendar days have passed since your first trade.
Funds are generally transferred within 1 to 2 business days after validation. You can withdraw your profits via bank transfer, Skrill, or cryptocurrency, with no additional fees from FTMO.
A minimum withdrawal amount is required depending on the method chosen: $20 for bank transfers and $50 for cryptocurrency withdrawals.
FTMO is not regulated by any governmental or non-governmental regulatory bodies. This is because FTMO does not operate as a broker or accept client deposits; instead, it provides simulated trading services and educational tools for traders.
Consequently, FTMO is not subject to the same regulatory oversight as traditional brokerage firms.
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