FTMO

Who Are FTMO?

FTMO stands as a beacon of opportunity for traders who aspire to succeed in their trading careers. The cornerstone of FTMO’s philosophy lies in nurturing a culture of success, where traders are not just participants but partners in achieving their financial goals. The firm places a premium on discipline and prudent risk management, aiming to cultivate traders who embrace long-term consistency. This commitment to excellence is what sets FTMO apart and resonates deeply with traders seeking a reliable path to success.

Central to FTMO’s ethos is their unwavering belief in the power of disciplined trading. They prioritize traders who exhibit strong risk management practices and a steadfast commitment to their craft. The firm operates on the premise that trading isn’t a mere endeavor but a profession that demands dedication and strategic thinking. By fostering a community of disciplined individuals, FTMO is not only shaping successful traders but also contributing to the overall resilience of the trading ecosystem.

FTMO recognizes that success in trading is a two-fold equation: skill and capital. To this end, they offer traders the opportunity to manage account sizes of up to an impressive $2,000,000. This allocation of capital empowers traders to operate on a larger scale and unlock their potential for higher profits. Moreover, FTMO’s unique profit-sharing structure allows traders to take home profit splits of up to 90%, creating a mutually beneficial partnership that incentivizes growth and achievement.

Founded in September 2015, FTMO has carved its niche as a proprietary trading firm that values transparency and collaboration. Their headquarters in Prague, Czech Republic, serve as a hub of innovation and support for traders across the globe. What sets FTMO apart is not just their commitment to traders’ success but their strategic partnerships. Collaborating with a trusted liquidity provider, FTMO ensures that traders have access to institutional-grade data feeds and a direct market access execution model. This partnership underscores their dedication to providing traders with the tools they need for informed and effective trading decisions.

In conclusion, FTMO is more than a proprietary trading firm; it’s a community that empowers traders to achieve their aspirations. By prioritizing discipline, prudent risk management, and providing substantial capital allocation, FTMO stands as a solid choice for traders looking to forge a successful career in the dynamic world of trading.

The landscape of forex trading is often marked with potential for substantial profits but is equally fraught with formidable risks. Here, FTMO emerges as a beacon of opportunity. Established with the ethos of fostering successful traders, FTMO offers an unparalleled platform that not only provides funded trading accounts to traders but also arms them with tools and strategies to excel in the forex market. This article examines FTMO, its pioneering approach to providing funded trading accounts, and its transformative impact on forex trading

What Sets Apart FTMO From Other Proprietary Trading Firms?

FTMO stands as a unique and distinctive entity within the realm of proprietary trading firms, setting itself apart through a series of well-crafted differentiators that cater to the needs and aspirations of traders. What truly distinguishes FTMO is its innovative two-phase evaluation program, which further comes with two distinct account types: normal and aggressive. This customizable approach acknowledges that traders have varying risk appetites and trading styles, ensuring that each participant finds the path that resonates most with their trading philosophy.

One of the hallmarks of FTMO’s exceptionalism lies in its longevity and credibility. Established in 2015, FTMO boasts a rich history of providing traders with an avenue for growth and success. This extensive tenure in the industry not only attests to FTMO’s expertise but also signifies its adaptability and ability to remain relevant in a rapidly evolving market landscape. This reliability factor is especially crucial for traders seeking a firm that can stand the test of time and provide consistent support.

When comparing FTMO to its counterparts, the normal evaluation program emerges as a testament to its comprehensive approach. The two-phase evaluation program is carefully designed to nurture traders’ skills and reward their progress. In the first phase, traders target a 10% profit goal, and in the subsequent phase, they aim for 5%, all while adhering to maximum daily and maximum loss rules of 5% and 10% respectively. This structured approach ensures that traders are gradually building their expertise while maintaining prudent risk management practices.

Furthermore, FTMO’s normal evaluation program introduces an element of accountability by mandating a minimum of 4 trading days in each phase before becoming funded. This requirement underscores FTMO’s commitment to traders’ growth and development, encouraging consistent engagement and strategic decision-making. While the minimum trading day requirement may be considered relatively higher compared to other industry standards, it aligns with FTMO’s emphasis on thorough evaluation and skill acquisition.

In conclusion, FTMO’s distinctive features serve as a testament to its commitment to traders’ success. Through its unique two-phase evaluation program, adaptable account types, and enduring industry presence, FTMO caters to the diverse needs of traders while maintaining a high standard of accountability and support. This comprehensive approach ensures that traders are equipped with the skills, knowledge, and resources necessary to navigate the complexities of the trading landscape successfully.

Funded Program Accounts

Diving into the heart of FTMO’s offerings, we find a selection of funded program accounts that provide traders with a structured path to success. The two-phase evaluation funding programs, namely the Normal Evaluation Program and the Aggressive Evaluation Program, cater to traders of varying risk appetites and trading styles.

Normal Evaluation Program Accounts

FTMO’s Normal Evaluation Program accounts are designed to identify and reward disciplined and skilled traders who exhibit consistency over the two-phase evaluation period. Traders opting for this path enjoy the flexibility of trading with leverage of up to 1:100. Moreover, traders have the liberty to choose their preferred account funding currency from a diverse range, including USD, GBP, EUR, CZK, CAD, AUD, and CHF.

During the first evaluation phase, traders target a profit goal of 10%, all while staying within the limits of a 5% maximum daily loss and a 10% maximum loss. Interestingly, FTMO adopts a pragmatic approach by omitting strict maximum trading day requirements during this phase, focusing instead on a minimum of four trading days as a threshold for progression to the next stage. The second evaluation phase mirrors this structure with a profit target of 5%, while maintaining the same loss limitations and trading day requirements.

Upon successfully completing both evaluation phases, traders are ushered into the realm of funded accounts, where the focus shifts from profit targets to prudent risk management. With no predefined profit targets, traders are expected to adhere to the 5% maximum daily loss and 10% maximum loss rules. The initial payout is set for 30 calendar days after the first position is placed in the funded account, offering traders the option to transition to on-demand payouts after a mere 14 days. The profit split ranges from 80% to 90%, contingent upon the profits generated.

In addition to these features, the Normal Evaluation Program accounts also offer a scaling plan. Traders are tasked with achieving a profit target of 10% or more within a four-month period, during which two out of four months should be profitable, with one of those being the fourth month. Successful attainment of this target results in an account increase equivalent to 25% of the original account balance. This ongoing scaling plan provides a dynamic path for traders to amplify their potential over time.

Aggressive Evaluation Program Accounts

For traders who thrive on a higher level of risk, FTMO’s Aggressive Evaluation Program offers an alternative route. With leverage set at 1:30, this program caters to those who are comfortable with more substantial risk parameters. Similar to the Normal Evaluation Program, traders can choose from a range of account funding currencies.

The evaluation phases for the Aggressive Program are more ambitious in terms of profit targets and risk parameters. The first phase necessitates a 20% profit target, while adhering to a 10% maximum daily loss and a 20% maximum loss. Just like its counterpart, this program emphasizes a minimum of four trading days in both phases, ensuring that traders engage consistently.

Upon completing the evaluation phases, funded accounts grant traders the flexibility to focus on risk management rather than predefined profit targets. The rules for maximum daily loss (10%) and maximum loss (20%) remain constant. The payout structure, timing, and profit split align with those of the Normal Evaluation Program.

The Aggressive Evaluation Program also features a scaling plan that mirrors the Normal Program, requiring traders to achieve a 10% profit target or higher within a four-month timeframe, with specific profitability criteria in two out of the four months.

In both programs, traders need to be mindful of third-party copy trading and EA risks, as deviation from the maximum capital allocation rule could impact eligibility for funded accounts or withdrawals.

Instruments and Beyond:

Both the Normal and Aggressive Evaluation Programs provide traders with a broad spectrum of trading instruments, including forex pairs, commodities, indices, stocks, bonds, and cryptocurrencies. This diverse range allows traders to explore various markets, fostering a comprehensive trading experience.

In essence, FTMO’s funded program accounts offer a structured and rewarding path for traders to showcase their discipline, skills, and consistency. Whether opting for the Normal or Aggressive route, traders can leverage FTMO’s well-crafted evaluation phases and scaling plans to nurture their trading prowess and potentially transition into funded accounts with attractive profit splits. This dynamic approach aligns with traders’ individual risk preferences while setting them on a trajectory toward long-term success.

Is Getting Funded on FTMO Realistic?

The pivotal question that every trader contemplates when evaluating a proprietary trading firm is whether the path to securing funding is a realistic endeavor. In the case of FTMO, the answer is a resounding yes. Let’s delve into the specifics that render this assertion credible.

Balanced Expectations and Realistic Targets

FTMO sets itself apart by fostering a culture of realism and achievable goals. Unlike firms that might promise high-profit splits on substantial accounts, FTMO strikes a balance between profitability and sustainability. The profit targets for both the Normal and Aggressive Evaluation Programs are within reasonable bounds – 10% for the Normal and 20% for the Aggressive in the first phase, followed by 5% and 10% respectively in the second phase. These targets align with a prudent trading approach that emphasizes consistency and minimizes undue risk.

Flexible Risk Management

FTMO’s risk management rules further reinforce its commitment to responsible trading. The 5% maximum daily loss and 10% maximum loss parameters are designed to safeguard traders from catastrophic drawdowns while allowing for controlled exploration of trading strategies. This balance between risk and potential reward showcases FTMO’s understanding of the intricate dynamics of trading.

Multiple Attempts for Success

Another compelling aspect that underscores FTMO’s realism is its provision for traders to undertake multiple evaluation attempts. This approach acknowledges that trading is a journey of learning and adaptation. Traders who fall short in their initial attempts have the opportunity to review their strategies, refine their approaches, and make successive endeavors for funding. This open-door policy echoes FTMO’s dedication to nurturing trader growth.

Scaling Plans that Reflect Performance

FTMO’s scaling plans are built on a solid foundation of performance. The requirement to achieve specific profit targets over a set period underscores a progressive approach that rewards traders for consistent success. The scaling plan reflects a logical trajectory where traders increase their accounts proportionally with their demonstrated proficiency.

Perhaps one of the most compelling aspects of FTMO’s realism is the multitude of success stories within its community. Traders from diverse backgrounds and trading styles have successfully navigated the evaluation phases, met the profit targets, and earned their rightful place as funded traders. These stories are tangible evidence of FTMO’s commitment to fostering a platform that enables traders to realize their potential.

Frequently Asked Questions (FAQs)

What exactly is FTMO?

FTMO is a proprietary trading firm based in the Czech Republic that funds forex traders. They provide traders with an opportunity to trade their capital in return for a percentage of the profits.

How does FTMO’s model work?

Traders have to pass a two-step evaluation process: The Challenge and the Verification. If the trader is successful, they are then funded with FTMO’s capital to start trading.

What are the evaluation steps to become an FTMO Trader?

The trader has to first pass The Challenge and then the Verification. Both stages have a set of rules, including a maximum loss limit and minimum trading days.

What are the trading parameters of FTMO?

Traders are expected to follow risk management parameters, including a maximum daily loss limit and a maximum overall loss limit. They also have a minimum trading days requirement.

How much of the profits do FTMO traders keep?

FTMO provides a profit split of 70/30, where the trader keeps 70% of the profits.

How frequently are profits paid out to FTMO traders?

Profits are typically paid out on a monthly basis.

Does FTMO provide any educational resources or support to its traders?

FTMO provides educational resources, trading webinars, as well as performance coaches to help traders improve their trading.

Are there any limitations on trading styles or strategies with FTMO?

FTMO allows all trading styles, including both manual and automated strategies. However, they do not allow “martingale” strategies.

FTMO Customer Support and Help

Email: support@ftmo.com

Social Media Profiles

• Instagram profile with 254k followers
• Twitter account with 46k followers
• Youtube channel has 95.2k subscribers with 227 videos.
• Facebook page with 85k followers
• TikTok profile with 3027 followers
• Linkedin page with 1,984 followers

FTMO Trust Pilot Reviews

Conclusion

In the intricate landscape of proprietary trading firms, FTMO emerges as a beacon of opportunity and credibility. With a meticulous evaluation process and a commitment to responsible trading, FTMO empowers traders to forge a path towards success. Let’s delve into the culmination of what FTMO brings to the table for aspiring traders.

FTMO stands as a testament to flexibility by offering two distinct two-phase evaluation program account types: the Normal and Aggressive evaluation programs. Each tailored to different trading styles, these account types ensure that traders can choose the route that aligns best with their objectives and risk appetite. This versatility is a key strength that underscores FTMO’s understanding of traders’ diverse needs.

The Normal evaluation program encapsulates industry standards while maintaining an element of realism. With profit targets of 10% and 5% for the first and second phases respectively, traders navigate their journey with a focus on consistent growth. Accompanied by risk management rules that safeguard against overexposure, this roadmap blends ambition with prudence.

For those inclined towards a bolder strategy, the Aggressive evaluation program presents a formidable option. Anchored by profit targets of 20% and 10% in the first and second phases, this route beckons traders who seek to achieve substantial gains within a managed risk framework. The balance between reward and responsibility in this program speaks volumes about FTMO’s dedication to realism.

Both evaluation programs culminate in the coveted funded accounts, where traders are freed from profit targets and can focus on consistency. The profit split ranging from 80% to 90% signifies FTMO’s commitment to rewarding traders in proportion to their achievements. The scaling plan embedded within the journey enables traders to witness their accounts grow in tandem with their trading prowess.

FTMO’s steadfast presence in the trading industry since 2015 has solidified its reputation. With a global community of funded traders, FTMO has fostered a collaborative environment where success stories validate its ethos of credibility and support. This longevity lends weight to the claim that FTMO is a trailblazer in the world of proprietary trading firms.