FXCI
Use promo code "FUNDEDTRADING" and get 15% discount. Challenge cost $42, funding amount $5K!
FTMO Analysis: Maximise Profits with $200K Capital
Discover FTMO, where traders can manage accounts up to $200,000, enjoy a free demo account, and earn up to 90% of profits. With a top Trustpilot rating of 4.8/5, FTMO is a reliable partner for your trading success. Read on to see how FTMO can elevate your trading career.
Updated 27-07-2024
Advantages
✓ Established in 2015, early prop firm: Being one of the first proprietary trading firms, FTMO has extensive experience and a proven track record in the industry.
✓ Excellent Trustpilot rating: 4.8/5: FTMO's high Trustpilot rating reflects strong customer satisfaction and trust, indicating reliability and quality service.
✓ Generous capital up to $200,000: FTMO offers demo accounts with up to $200,000, enabling traders to test and enhance large trading strategies.
✓ High profit sharing up to 90%: Traders can receive up to 90% of simulated profits, providing a significant financial incentive.
✓ Comprehensive educational resources: The FTMO Academy offers a wide range of resources, covering both basic and advanced trading concepts.
✓ Free trial available: The free trial allows traders to experience the evaluation process without any financial risk.
✓ Multiple trading platforms supported: FTMO supports MT4, MT5, cTrader, and DXtrade, offering flexibility in trading platform choice.
✓ Access to performance coaching: Traders can improve their performance and mindset through dedicated coaching sessions.
✓ Premium programme with extra benefits: The premium programme offers doubled balance boosts, exclusive discounts, and additional perks.
✓ Risk-free trading environment: Trading on demo accounts ensures no risk of losing personal capital.
✓ Scaling plan increases balance and profits: Traders can increase their account balance by 25% and profit sharing to 90% if conditions are met.
✓ Multilingual customer support: FTMO provides customer support in 16 different languages, catering to a global user base.
✓ Excellent Trustpilot rating: 4.8/5: FTMO's high Trustpilot rating reflects strong customer satisfaction and trust, indicating reliability and quality service.
✓ Generous capital up to $200,000: FTMO offers demo accounts with up to $200,000, enabling traders to test and enhance large trading strategies.
✓ High profit sharing up to 90%: Traders can receive up to 90% of simulated profits, providing a significant financial incentive.
✓ Comprehensive educational resources: The FTMO Academy offers a wide range of resources, covering both basic and advanced trading concepts.
✓ Free trial available: The free trial allows traders to experience the evaluation process without any financial risk.
✓ Multiple trading platforms supported: FTMO supports MT4, MT5, cTrader, and DXtrade, offering flexibility in trading platform choice.
✓ Access to performance coaching: Traders can improve their performance and mindset through dedicated coaching sessions.
✓ Premium programme with extra benefits: The premium programme offers doubled balance boosts, exclusive discounts, and additional perks.
✓ Risk-free trading environment: Trading on demo accounts ensures no risk of losing personal capital.
✓ Scaling plan increases balance and profits: Traders can increase their account balance by 25% and profit sharing to 90% if conditions are met.
✓ Multilingual customer support: FTMO provides customer support in 16 different languages, catering to a global user base.
Disadvantages
❌ High Fees for FTMO Challenge: The fee for the FTMO Challenge can be high for some traders.
❌ Strict Trading Objectives: Trading objectives, such as maximum daily loss limit and overall loss limit, are strict and must be adhered to.
❌ Restricted Trading Periods: The trading periods are limited, which can restrict flexibility.
❌ Strict Trading Objectives: Trading objectives, such as maximum daily loss limit and overall loss limit, are strict and must be adhered to.
❌ Restricted Trading Periods: The trading periods are limited, which can restrict flexibility.
Advantages
✓ Established in 2015, early prop firm: Being one of the first proprietary trading firms, FTMO has extensive experience and a proven track record in the industry.
✓ Excellent Trustpilot rating: 4.8/5: FTMO's high Trustpilot rating reflects strong customer satisfaction and trust, indicating reliability and quality service.
✓ Generous capital up to $200,000: FTMO offers demo accounts with up to $200,000, enabling traders to test and enhance large trading strategies.
✓ High profit sharing up to 90%: Traders can receive up to 90% of simulated profits, providing a significant financial incentive.
✓ Comprehensive educational resources: The FTMO Academy offers a wide range of resources, covering both basic and advanced trading concepts.
✓ Free trial available: The free trial allows traders to experience the evaluation process without any financial risk.
✓ Multiple trading platforms supported: FTMO supports MT4, MT5, cTrader, and DXtrade, offering flexibility in trading platform choice.
✓ Access to performance coaching: Traders can improve their performance and mindset through dedicated coaching sessions.
✓ Premium programme with extra benefits: The premium programme offers doubled balance boosts, exclusive discounts, and additional perks.
✓ Risk-free trading environment: Trading on demo accounts ensures no risk of losing personal capital.
✓ Scaling plan increases balance and profits: Traders can increase their account balance by 25% and profit sharing to 90% if conditions are met.
✓ Multilingual customer support: FTMO provides customer support in 16 different languages, catering to a global user base.
✓ Excellent Trustpilot rating: 4.8/5: FTMO's high Trustpilot rating reflects strong customer satisfaction and trust, indicating reliability and quality service.
✓ Generous capital up to $200,000: FTMO offers demo accounts with up to $200,000, enabling traders to test and enhance large trading strategies.
✓ High profit sharing up to 90%: Traders can receive up to 90% of simulated profits, providing a significant financial incentive.
✓ Comprehensive educational resources: The FTMO Academy offers a wide range of resources, covering both basic and advanced trading concepts.
✓ Free trial available: The free trial allows traders to experience the evaluation process without any financial risk.
✓ Multiple trading platforms supported: FTMO supports MT4, MT5, cTrader, and DXtrade, offering flexibility in trading platform choice.
✓ Access to performance coaching: Traders can improve their performance and mindset through dedicated coaching sessions.
✓ Premium programme with extra benefits: The premium programme offers doubled balance boosts, exclusive discounts, and additional perks.
✓ Risk-free trading environment: Trading on demo accounts ensures no risk of losing personal capital.
✓ Scaling plan increases balance and profits: Traders can increase their account balance by 25% and profit sharing to 90% if conditions are met.
✓ Multilingual customer support: FTMO provides customer support in 16 different languages, catering to a global user base.
Disadvantages
❌ High Fees for FTMO Challenge: The fee for the FTMO Challenge can be high for some traders.
❌ Strict Trading Objectives: Trading objectives, such as maximum daily loss limit and overall loss limit, are strict and must be adhered to.
❌ Restricted Trading Periods: The trading periods are limited, which can restrict flexibility.
❌ Strict Trading Objectives: Trading objectives, such as maximum daily loss limit and overall loss limit, are strict and must be adhered to.
❌ Restricted Trading Periods: The trading periods are limited, which can restrict flexibility.
FTMO brand story
FTMO was established in 2015, making its mark as one of the earliest proprietary trading firms. The journey began in a small office in Prague, where a group of young day traders, including the future founders, shared ideas and refined trading strategies. Originally known as Ziskejucet.cz, the project evolved into FTMO with a mission to support traders globally.
FTMO's core values revolve around discipline, risk management, and fostering a collaborative trading environment. By maintaining rigorous self-discipline and teamwork, FTMO aims to create a global community of successful retail traders.
FTMO's core values revolve around discipline, risk management, and fostering a collaborative trading environment. By maintaining rigorous self-discipline and teamwork, FTMO aims to create a global community of successful retail traders.
Unique two-step evaluation process, consisting of the FTMO Challenge and Verification, is designed to identify and nurture trading talent, providing opportunities for traders to manage accounts up to $200,000 and achieve substantial profits up to 90%.
How it works?
FTMO provides its traders with a single funding program option:
Trading programmes and prices
FTMO's Trading Objectives are founded on risk management principles, ensuring clients can effectively manage risks. By following these objectives, traders improve their skills and develop sustainable trading habits.
After meeting the Trading Objectives in the FTMO Challenge and Verification stages, clients gain access to an FTMO Account. These objectives will continue to apply, with the exception of the Profit Target.
Evaluation Programme Trading Rules & Objectives
◉ Profit Target: Achieve 10% profit in Phase 1 and 5% in Phase 2 to pass. Funded accounts have no profit targets.
◉ Maximum Daily Loss: Limit is 5% of the account balance per day.
◉ Maximum Loss: Limit is 10% of the account balance overall.
◉ Minimum Trading Days: Trade for at least 4 days in each evaluation phase.
◉ No Weekend Holding: Close all trades before the market closes on Friday.
◉ No News Trading: No trading within 2 minutes before and after high-impact news releases.
◉ Maximum Daily Loss: Limit is 5% of the account balance per day.
◉ Maximum Loss: Limit is 10% of the account balance overall.
◉ Minimum Trading Days: Trade for at least 4 days in each evaluation phase.
◉ No Weekend Holding: Close all trades before the market closes on Friday.
◉ No News Trading: No trading within 2 minutes before and after high-impact news releases.
Unique features
◉ FTMO Academy: The FTMO Academy is a free online learning platform offering in-depth knowledge of both basic and advanced trading concepts. It covers everything from understanding financial markets to developing effective trading strategies. The aim is to educate and guide traders on their path to becoming successful FTMO Traders.
◉ Tools & Services: FTMO provides a range of tools and services designed to enhance traders' performance. These resources include educational materials, analytical software, trade management tools, and trading simulators. Whether you are a novice or an experienced trader, FTMO's tools can help you elevate your trading to new heights.
◉ Free Trial: The FTMO Free Trial lets clients experience the Evaluation Process firsthand by offering a condensed version of the FTMO Challenge at no cost. Available in all formats of the FTMO Challenge, this trial allows clients to test if their strategies could successfully pass the Challenge and Verification stages in the future.
◉ Economic calendar: FTMO provides an economic calendar from ForexFactory.com, offering traders up-to-date information on important economic events and data releases. This tool helps traders make informed decisions by staying aware of market-moving events.
◉ Tools & Services: FTMO provides a range of tools and services designed to enhance traders' performance. These resources include educational materials, analytical software, trade management tools, and trading simulators. Whether you are a novice or an experienced trader, FTMO's tools can help you elevate your trading to new heights.
◉ Free Trial: The FTMO Free Trial lets clients experience the Evaluation Process firsthand by offering a condensed version of the FTMO Challenge at no cost. Available in all formats of the FTMO Challenge, this trial allows clients to test if their strategies could successfully pass the Challenge and Verification stages in the future.
◉ Economic calendar: FTMO provides an economic calendar from ForexFactory.com, offering traders up-to-date information on important economic events and data releases. This tool helps traders make informed decisions by staying aware of market-moving events.