FTMO is one of the best proprietary trading firms in the financial market which offers top of the line funded programs. FTMO is an international trading company established in the Czech Republic in the year 2014. The firm has traders go through a two – step testing phase. There is a payment of 80% at the first stage of real trading after the two – step phases have been successfully passed, there’s also a 90% profit split but only available to those that have reached a scaling plan. Transactions are monitored by FTMO to grow the deposit. The company works in full accordance with the European financial legislation and is under the local regulator.

Geographic Distribution of FTMO Traders

Investment Programs and Products of the Firm

FTMO has an investment program itself, however offers each trader $400 at his disposal. But before that, you need to successfully go through the two – step phases. Before going through the phases, there’s an opportunity to practice on a demo account if needed by the trader.

The path to becoming an FMOT trader and earning real money consist of 2 steps:

• Evaluation Phase: At this stage, the trader chooses the amount of the initial deposit from $10,000 to $200,000. The test fees are as follows respectively from €155 for a deposit of $10,000. The higher the deposit, the larger the fees.

Requirements: Target of 10% of the deposit (account size) must be made within a maximum of 30days while trading at least 10 days. Trading for 30 days is not a necessity, but one must have traded at least for 10 days .Allowed losses are 10% of the total deposit or a 5% daily loss.

• Verification Phase: At this stage, the trader is given 60 days to meet the requirements for the maximum daily and total drawdown, but the target profit is reduced by 2 times. This is made so to simply work on more conservative strategies.

Account purchase/deposit are paid depending on several factors such as; type of account chosen (regular trading or aggressive) and on the account size. The fees are paid only once, so on the second stage you don’t need to pay anymore. If the test is passed, the trader receives about $400. If in any case of violation, the test can be re-taken, the number of re-takes is not limited. But discounts are not provided.

FTMO’S Affiliate Program

The FTMO affiliate program involves attracting traders who would like to reveal their full potentials but do not have startup capital. The company offers each affiliate 8% of the fee amount paid by the referral. Each affiliate receives a referral link and marketing materials.

Trading Conditions for FTMO Users

FTMO offers a set of classic trading instruments: from currency pairs and stock assets to crypto currencies. Trading platforms include MT4, MT5 and Ctrader. The trading conditions in the table below are the same on a testing and real account.

Commission and Spread

Account types and descriptions

The FTMO Challenge is a test that provides for several types of accounts. First, there are two test types: moderate risk and aggressive risk. Limits on loss and target profit depend on the type of risk you choose. The second is the ability to activate an FTMO Swing account.

Withdrawal Option and Fees

• Fee payment options include credit cards, bank transfers, Skrill, Confirmo, Nuvei, Discover, and Unlimint.
• Withdrawal of money from a real account after passing the test is possible under the following conditions: the first request is 14 days after the opening of the first trade; the profit allocation system includes a 60-day period during which a withdrawal can be requested 3 times.
• There is no commission for withdrawing money.
• The withdrawal request processing time is 1-2 business days. Crypto currency payments are possible.

Customer Support Service

Advantages

• Responds quickly.
• Offers support in 17 languages.

Disadvantages

• Sees trading issues in an appropriate manner.

Useful services of the FTMO firm:

• Economic calendar. It can be useful for trading, but here it is necessary to bear in mind the restrictions on trading at the time of the important news release.
• Statistical application. Shows significant and numerical probabilities of market behavior.
• Mentor Application. Helps traders achieve better results by strengthening their discipline.
• Trade magazine. Saves trading results with the ability to analyze trades.
• Account MetriX. An innovative and unique web application where you can track your progress towards becoming an FTMO trader.
• Account analysis. An objective trade analysis tool that provides an “outside point of view”.
• Performance Coach. Psychological help.
• Equity Simulator. A tool for improving the risk management system and calculating the probability of chances of a positive result based on current trading conditions. It is available in your MetriX account.