FTMO is a modern prop trading firm that's shaking up the industry. Founded in 2015, It offers aspiring traders a unique opportunity to prove their skills and potentially manage accounts with up to $200,000 in capital – without risking their own money.
Through their innovative two-step Evaluation Process, consisting of the FTMO Challenge and Verification, traders can showcase their abilities and risk management prowess. But FTMO isn't just about funding; they provide a suite of educational resources, trading tools, and even performance coaching to help you succeed. Whether you're a seasoned pro or just starting out, It might be the springboard you need to launch your trading career.
💰 What is FTMO?
FTMO (For The Motivated Only) is a modern prop trading firm that has revolutionized the trading industry by offering a unique approach to prop trading. It provides traders with an opportunity to showcase their skills and earn substantial rewards without risking their own capital.
It was founded in 2015 under the original name “Získej účet” (meaning “Get an Account” in Czech) by three students in the Czech Republic. The founders, based on their own experiences with undercapitalization challenges in trading, decided to start a project that would help other traders overcome this common hurdle. However, the present CEO is Otakar Suffner.
| Key Feature | Details |
|---|---|
| Co-Founders | Otakar Suffner |
| Platform | MetaTrader4/5, DXtrader, CTrader |
| Payout Split | Upto 90% |
| First Payout | 14 Days |
| Subsequent Payouts | Bi-Weekly |
| Daily Drawdown | 4% |
| Headquarters | Czech Republic |
| Expert Advisors | Allowed |
| Max Funding | $200,000 |
| Leverage | Upto 1:100 |
| Weekend Holding | Allowed |
| Contact | support@ftmo.com |
| Trustpilot Rating | 4.8/5.0 |
The FTMO Evaluation Process: Proving Your Trading Prowess
At the heart of its philosophy lies the Evaluation Process, a two-step journey designed to identify and nurture trading talent. This process serves as a gateway for traders to demonstrate their abilities and earn the coveted Account.
Step 1: The FTMO Challenge
The first step in the Evaluation Process is the FTMO Challenge, a simulated trading environment where traders are provided with fictitious capital and superior account conditions, including low commissions and tight spreads. During this stage, traders must adhere to Trading Objectives, which are based on risk management principles and designed to test their ability to manage risk effectively.
Step 2: Verification
Upon successfully passing the FTMO Challenge, traders advance to the Verification stage, the final step in the Evaluation Process. This stage serves as a consistency test, where traders must once again demonstrate their ability to trade profitably while adhering to Trading Objectives. However, the rules during the Verification stage are slightly more relaxed, with a reduced profit target compared to the Challenge.
| Account Size | Pricing |
|---|---|
| $10,000 | €155 |
| $25,000 | €250 |
| $50,000 | €345 |
| $100,000 | €540 |
| $200,000 | €1,080 |
Reaping the Rewards: FTMO Payouts and Scaling Plan
One of the most compelling aspects of FTMO is the opportunity for traders to earn substantial rewards based on their simulated trading performance. FTMO Traders are entitled to receive up to 80% of the simulated profits they generate on their Account, without risking their capital.
However, It takes it a step further with the Scaling Plan, a program designed to incentivize consistent and successful traders. If a (For The Motivated Only) Trader meets the conditions of the Scaling Plan, not only is the balance of their Account increased by 25%, but their reward is also boosted to a staggering 90% of the simulated profits.
Payouts are processed within 1-2 business days upon confirming the invoice, and (For The Motivated Only)Traders can choose to receive their profits via bank wire transfer, Skrill, or cryptocurrencies, with no commissions charged for withdrawals.
Trading Platforms: Catering to Diverse Preferences
FTMO understands that traders have varying preferences when it comes to trading platforms, and as such, they offer a diverse range of options to cater to different trading styles and strategies.
- MetaTrader 4 (MT4)
One of the most widely used electronic trading platforms in the retail foreign exchange market, MT4 is a popular choice among FTMO Traders. Developed by MetaQuotes Software and launched in 2005, MT4 is licensed to forex brokers and offers a comprehensive suite of tools and features for traders.
- MetaTrader 5 (MT5)
As an advanced successor to MT4, MT5 has gained popularity among algorithmic traders. This platform boasts advanced features such as the ability to display the depth of the market, six types of pending orders, and a multi-threading tester, making it an attractive option for traders seeking more sophisticated tools.
- cTrader
FTMO cTrader is a modern platform designed for both manual and algorithmic trading needs. It offers advanced charting tools, fast execution capabilities, and the ability to share and replicate trading strategies through cTrader Copy. Additionally, cTrader Automate empowers traders to automate their strategies using custom indicators and trading robots, while the Open API allows developers to create their own trading applications.
- DXtrade
FTMO DXtrade is a multi-asset trading platform that brokers and financial institutions can offer to their clients. It provides advanced charting tools, risk management systems, order management capabilities, and access to various financial instruments, including Forex, CFDs, cryptocurrencies, and more. DXtrade is known for its flexibility, scalability, and customization options, allowing traders to tailor the platform to their specific needs.
The FTMO Premium Programme: Elevating Your Trading Career
For traders who consistently demonstrate exceptional performance, It offers the Premium Programme, a unique opportunity to be employed as a professional trader with a fixed salary by Quantlane, a traditional proprietary trading company.
To qualify for the Premium Programme, traders must meet specific criteria and achieve certain performance milestones. Once accepted into the program, traders can enjoy institutional trading conditions, including access to custom platforms, tools, and a supportive trading environment.
The Premium Programme is divided into two tiers: Prime Status and Supreme Status, each offering its own set of benefits and requirements.f
- Prime Status
To qualify for Prime Status, traders must consistently generate profits and demonstrate their ability to manage risk effectively. Prime Status traders enjoy benefits such as access to institutional trading conditions, performance coaching, and the opportunity to earn a fixed salary.
- Supreme Status
The Supreme Status is reserved for the most exceptional traders who have consistently outperformed and demonstrated their ability to manage larger account sizes. Traders in this tier enjoy additional benefits, including higher fixed salaries and access to advanced trading tools and resources.
Common Queries related to FTMO
What is the legal relationship between an FTMO Trader and an FTMO?
After signing the Account agreement, a cTrader is not an employee or agent of FTMO.
How does an FTMO Account work from the technical side?
An FTMO Account is a demo account with fictitious funds, but it receives real market quotes from liquidity providers.
What are the Trading Objectives for the FTMO Challenge?
The Trading Objectives for the FTMO Challenge include achieving a 10% Profit Target while maintaining a maximum 10% drawdown limit and a maximum 5% daily loss limit.
What is the FTMO Academy?
The FTMO Academy is a free online learning platform that provides comprehensive knowledge on basic and advanced trading concepts, from understanding financial markets to developing trading strategies.
What is the FTMO Free Trial?
The Free Trial allows clients to try a shortened version of the FTMO Challenge for free.
How does the Scaling Plan work?
If an FTMO Trader meets the conditions of the Scaling Plan by generating at least 10% net profit in four consecutive monthly cycles, their Account balance is increased by 25%, and their reward is boosted to 90% of simulated profits.
The Bottom Line
FTMO aims to solve widely known challenges in the trading industry such as undercapitalization. By embracing transparency, risk management principles, and a commitment to nurturing talent, It has solidified its position as a modern prop trading firm at the forefront of the industry.
