FTMO
Company Background: FTMO is a proprietary trading firm founded in 2015 that developed a 2-step evaluation process to identify trading talents. Successful traders are given the opportunity to manage an FTMO Account with a balance of up to $400,000.
Year Established: January 1, 2015
Head Office Location: Purkynova 2121/3, 110 00, Prague, Czech Republic
Prohibited Countries: North Korea, Syria, Iran, Iraq, Myanmar (Burma), Sudan, Cuba
Associated Brokers: FTMO works with various liquidity providers but does not specifically disclose individual broker partnerships.
Evaluation Description: The FTMO Challenge is a 2-step process consisting of the FTMO Challenge and the Verification stage. Traders must meet specific trading objectives within 30 days for the Challenge and 60 days for the Verification stage.
Funded Trader Benefits: Access to a funded FTMO Account, potential to scale account size, up to 90% profit split.
Profit Split: Up to 90%
Account Size (USD): N/A
Max Trading Days: N/A
Min Trading Days: N/A
Max Daily Loss: 5%
Max Total Loss: 10%
Profit Target: 10%
Challenge Fee (USD): $155 to $1,080
Fee Refundable: Yes
News Trading Allowed: Yes
EAs Allowed: Yes
Copy Trading Allowed: Yes
Describe Scaling Plan: FTMO offers a scaling plan where traders can increase their account size by 25% every 4 months if they achieve a profit of 10% or more with a positive account balance.
Scaling Plan Requirements:
Min Months Prior to Scaling: 4
Total Minimum Profit Percentage Achieved: 10%
Positive Account Balance Required: Yes
Increased Profit Split: Up to 90%
Max Account Value: Maximum Account size up to $2,000,000
Trading Platforms Used: MetaTrader 4, MetaTrader 5, cTrader
Tools & Services Provided by the Prop Firm: Free Trial account, Performance Coaches, Economic Calendar, Trading updates and tips, Symbols information
Prop Firm Trading Educational Material Provided: N/A
Testimonials:
Trustpilot Rating: 4.8
Number of Trustpilot Reviews: Over 4,000
Prop Firm Social Presence: FTMO Facebook (40,000+ followers), FTMO Twitter (20,000+ followers), FTMO Instagram (100,000+ followers), FTMO YouTube (50,000+ followers), FTMO LinkedIn (10,000+ followers), FTMO Discord (15,000+ members)
Online Opinion of Prop Firm: FTMO is a well-established proprietary trading firm with a strong reputation, as evidenced by its high Trustpilot rating and numerous positive reviews. The company offers a clear path for traders to prove their skills and potentially manage significant capital with favorable profit splits.