In a crowded landscape of proprietary trading firms, FTMO offers a multitude of advantages that set it apart. However, like any other platform, it comes with its own set of drawbacks that may or may not be deal-breakers depending on your specific needs and trading style. Below, we break down the pros and cons to give you a well-rounded view of what FTMO has to offer.

Table of Contents

In a crowded landscape of proprietary trading firms, FTMO offers a multitude of advantages that set it apart. However, like any other platform, it comes with its own set of drawbacks that may or may not be deal-breakers depending on your specific needs and trading style. Above, we break down the pros and cons to give you a well-rounded view of what FTMO has to offer.

What is FTMO and Who is its CEO?

Sports have been a lifelong passion for Otakar. While tennis was an early love, he recognized his limitations and pivoted to other physical pursuits. These days, he maintains an active lifestyle, dedicating three to four times a week to fitness, calisthenics, and kickboxing. Otakar’s entry into the world of trading started almost a decade ago, dabbling first in Futures before making a move to Forex and CFDs. His trading approach is analytical; he is a numbers guy who leans heavily on statistics and probabilities. This mathematical rigor has allowed him to develop innovative trading strategies, contributing to his success and that of FTMO.

FTMO Two-Phase Normal Evaluation Program

FTMO has recently streamlined its funding options by focusing solely on its tried-and-tested Normal Evaluation Program. This move eliminates the Aggressive Evaluation Program, allowing the firm to hone in on what it does best: providing a balanced, risk-calibrated pathway for traders seeking to manage substantial capital.

With the discontinuation of the Aggressive Evaluation Program, FTMO’s Normal Evaluation Program stands as the exclusive route for traders to prove their skills and secure funding.    Here’s what you need to know:

Two-Phase Evaluation

• Phase One: Traders aim to achieve a 10% profit target while not exceeding a daily loss limit of 5% or an overall loss of 10%. There’s no time limit on the number of trading days, but you must trade for a minimum of four days to progress.
• Phase Two: The profit target for this phase is reduced to 5%, with the loss restrictions remaining unchanged. A minimum of four trading days is again required.

Profit Splits

Upon successfully clearing both evaluation phases, traders are awarded a funded account with no profit targets—only the 5% and 10% loss restrictions apply. The profit share ranges between 80% and 90%. The program also features a scaling plan, where traders who achieve a 10% profit over four months (with profitability in at least two of those months) can see their account balance grow by 25%. FTMO’s decision to focus solely on its Normal Evaluation Program demonstrates a commitment to providing a structured, discipline-focused trading environment. Whether you’re a new trader seeking a balanced introduction to funded trading or a veteran looking for a steady yet rewarding program, FTMO’s Normal Evaluation Program remains a robust and comprehensive option.

This adjustment does not compromise the firm’s dedication to rigorous evaluation and commitment to trader success. Given FTMO’s continuous presence since 2015 and consistent performance metrics, the Normal Evaluation Program confirms its place as a reliable pathway for traders worldwide.

Scaling Plan

The FTMO funded program also features a scaling plan, requiring traders to achieve a 10% profit over four months with profitability in at least two of those months. Once achieved, your account balance grows by 25%. Example: A $200,000 account scales to $250,000, then $300,000, and so on, in four-month increments.

Available Instruments

You can trade in a plethora of markets including forex, commodities, indices, stocks, bonds, and cryptocurrencies.

Key Rules

• Profit Targets: 10% for Phase One and 5% for Phase Two. No targets for funded accounts.
• Max Daily Loss: Capped at 5% across all account sizes.
• Max Loss: Overall limit of 10%.
• Min Trading Days: A four-day minimum for both evaluation phases; none for funded accounts.
• Weekend Holds: No positions can be open over weekends.
• News Trading: Prohibited 2 minutes before and after high-impact news events.
• Third-Party Risks: Using copy trading or third-party EAs may jeopardize your chance of earning a funded account due to potential maximum capital allocation rule violations.

This program offers a structured, risk-calibrated pathway for traders seeking to manage substantial capital while adhering to FTMO’s strict evaluation metrics.

FTMO Comparison WIth Other Major Prop Firms

Standing out in the crowded landscape of proprietary trading firms, FTMO offers a unique and innovative approach to trader funding through its two-tier evaluation programs. Aimed at identifying skillful and disciplined traders, FTMO provides the choice of two distinct account types—Normal and Aggressive—that cater to various trading styles and risk tolerances. Established in 2015, this industry stalwart has built a reputation for reliability and integrity, making it a top choice for aspiring traders looking for a trustworthy trading partner.

Delving into the signature offering of this Prague-based proprietary trading firm, the Normal evaluation program is methodically segmented into two phases. These stages are meticulously designed to vet and recognize trader proficiency. The program sets a profit target of 10% for the initial phase and 5% for the following stage, promoting consistency in trading performance. This firm distinguishes itself from other high-caliber trading entities by implementing a minimum trading period of four days for each phase, which filters for traders who exhibit disciplined trading practices. Additionally, this firm enhances trader prospects with its account scaling plan. In contrast to some competitors that maintain static account sizes or impose less rigorous trading objectives, this company requires traders to demonstrate a combination of both profitability and strict discipline. To offer a clear perspective on how this proprietary trading firm measures up in the industry, a comparative analysis is presented below. This includes a summarized table that juxtaposes the firm’s key trading parameters with those of E8 Funding:

FTMO Vs E8 Funding Comparison

Key Observations:

• Profit Targets: FTMO sets a marginally higher profit target in the first evaluation phase, whereas both entities share an identical goal for the second phase.
• Maximum Loss: The firm maintains a strict 10% cap on losses, contrasting with E8’s more adaptable 8% threshold, which can extend to 14% under certain conditions.
• Trading Days: The firm insists on more minimum trading days, a policy that could be perceived as either an obstacle or a method to instill trading discipline. On the flip side, E8 Funding does not stipulate a minimum number of trading days.
• Profit Split: Both entities boast attractive profit sharing schemes; however, the Prague firm takes it a notch higher with the potential to reward up to 90% in profit split, contingent on the trader’s performance.

FTMO’s two-phase evaluation program, its long-standing reputation since 2015, and its two types of evaluation accounts (Normal and Aggressive) make it stand out among proprietary trading firms. However, the choice between FTMO and other firms like E8 would likely hinge on individual trader preferences such as risk tolerance, trading style, and profit objectives.

FTMO Vs Finotive Funding Comparison

Key Observations:

• Profit Targets: FTMO has a higher Phase 1 profit target at 10% compared to Finotive’s 7.5%, which might appeal to traders who are confident in their ability to achieve higher returns.
• Minimum Trading Days: FTMO requires at least 4 calendar days of trading in each phase, which could be seen as a drawback or a safeguard depending on your trading style. Finotive has no such requirement.
• Profit Split: Finotive offers a more flexible profit split that could go up to 95%, providing a potentially higher upside for successful traders compared to FTMO’s 90%.
• Uniform Rules: Both platforms offer an unlimited maximum trading period and have the same daily loss limit, providing traders with comparable flexibility in these aspects.

By offering a unique combination of trading objectives, both FTMO and Finotive Funding cater to different trading styles and risk appetites. It’s essential for traders to consider these variables to make an informed choice.

FTMO Vs FundedNext Comparison

Key Observations:

• Higher Profit Targets: FTMO challenges its traders with a significantly higher Phase 1 and Phase 2 profit target of 20% and 10%, respectively. In contrast, FundedNext offers more conservative goals, making FTMO a better fit for aggressive traders.
• Risk Parameters: FTMO allows for higher daily and overall loss limits compared to FundedNext, thereby catering to traders who can manage higher risk levels.
• Time Commitment: FTMO requires a minimum of 4 calendar days of trading, one day less than FundedNext’s 5 calendar days. This gives traders a slightly more flexible schedule with FTMO.
• Consistency in Profit Split and Trading Period: Both platforms are on par when it comes to profit sharing and the unlimited trading period, ensuring traders have long-term earning potential.
• Appeal for Different Trader Profiles: FTMO appears more suited for traders who are willing to aim for higher returns and can handle higher risk, while FundedNext seems better for those looking for a more conservative trading environment.

Choosing between FTMO and FundedNext involves weighing the higher profit targets and risk levels of FTMO against the more conservative approach of FundedNext.

FTMO Vs True Forex Funds Comparison

Key Observations:

• High Stakes Profit Targets: FTMO clearly aims to attract high-risk, high-reward traders with its substantial profit targets in both Phase 1 and Phase 2, far exceeding those offered by True Forex Funds.
• Risk Appetite: FTMO has higher thresholds for both daily and maximum losses, catering to traders who are comfortable with a more aggressive risk profile.
• Minimum Trading Days: A minor difference in the minimum number of trading days, with FTMO requiring one less day than True Forex Funds, allows traders a bit more flexibility.
• Endless Trading Horizons: Both firms offer unlimited trading periods in both of their evaluation phases, giving traders ample time to reach their targets.
• Profit Sharing: While both firms have a competitive profit split, FTMO offers the potential for an even higher percentage, making it more lucrative in the long run.
• Trader-Fit: FTMO appears tailor-made for traders seeking higher financial gains and who can manage greater risks, whereas True Forex Funds offers a more conservative framework, better suited for traders who prefer a steadier, less volatile trading environment.

In summary, your choice between FTMO and True Forex Funds should hinge on your personal trading style, risk tolerance, and profit expectations.

FTMO Vs Funded Trading Plus Comparison

Key Observations:

• Sky-High Profit Goals: FTMO again stands out with much loftier profit targets for both phases, a compelling feature for aggressive traders.
• Daily Loss Limitations: Funded Trading Plus has a more stringent daily loss limit, suggesting a conservative risk management strategy compared to FTMO.
• Maximum Loss: The trailing 8% maximum loss from Funded Trading Plus could potentially be a dealbreaker for some traders when compared to FTMO’s fixed 20% max loss limit.
• Time to Trade: While FTMO has a minimum trading day requirement, Funded Trading Plus does not, offering greater flexibility for traders who prefer less frequent trading.
• Endless Opportunities: Both firms offer unlimited trading periods, ensuring traders have enough time to prove their skills.
• Even-Steven Profit Sharing: Both firms are equally generous in their profit-split arrangements, presenting a level playing field for traders.
• Best Fit: FTMO is more geared towards traders with a high-risk, high-reward strategy. In contrast, Funded Trading Plus is better suited for those who prefer a safer, more measured approach to trading.

To wrap things up, what sets FTMO apart from many top-tier proprietary trading firms is its unique two-stage evaluation process and dual account options. With roots dating back to 2015, FTMO has a proven track record in the industry. Coupled with its relatively lenient trading guidelines, it serves as an ideal platform for traders of all styles and strategies.

Is Securing Funding from FTMO a Practical Goal?

Choosing the right proprietary trading firm that matches your Forex strategy is essential. While some firms might entice you with high profit splits and substantial funding, unrealistic expectations for monthly gains and tight drawdown limits can set you up for disappointment. The firm stands out for offering achievable goals and realistic trading conditions. Their standard evaluation program sets manageable profit targets of 10% in phase one and 5% in phase two, along with reasonable risk management that permits a daily loss limit of 5% and a total loss limit of 10%.  

For those with a penchant for aggressive strategies, FTMO’s high-octane evaluation program also strikes a judicious balance. Despite imposing lofty profit goals of 20% and 10% in the two respective phases, they mitigate the risks by setting higher maximum loss thresholds—10% daily and a 20% ceiling. In sum, FTMO stands as a beacon of opportunity in the proprietary trading arena. Whether you’re a conservative trader or more of a high-roller, both the standard and aggressive account types offer realistic pathways to secure funding. The trading objectives are thoughtfully calibrated, and the payout conditions are far from draconian. So, if you’re contemplating a partnership with a prop trading firm, FTMO should sit high on your list of contenders.

Is FTMO Transparent with Its Payouts?

Established in September 2015, FTMO has been a significant player in the proprietary trading world for some time now. One of the standout features is its straightforward payment process. Once you become a funded trader, the pathway to withdrawals is surprisingly uncomplicated. You don’t have to meet any profit milestones to initiate your cash-out; simply request a payout on a bi-weekly basis.

Looking for concrete validation? Abundant payment confirmations are at your disposal. There’s a plethora of evidence highlighting traders who have triumphed in the evaluation stages, often displayed as completion certificates. Furthermore, for those reaching the funded trader status, there are withdrawal certificates ready for examination. These documents act as clear endorsements of the firm’s commitment to fulfilling payments. For an even more dynamic form of verification, consider exploring their YouTube channel, which features an array of interviews with traders. These videos provide live narratives from individuals who have navigated the firm’s trading challenges successfully and have received their financial rewards. This collection of success stories serves as compelling social evidence, reinforcing the trustworthiness of the firm’s payment promises.

In conclusion, FTMO sets itself apart by not only offering achievable trading objectives but also by providing a hassle-free, transparent payment process. The multiple channels of payment proof substantiate the company’s trustworthiness, making it a viable option for anyone looking to join a proprietary trading firm.

Which Trading Platforms and Brokers Align with FTMO?

If you’re wondering which brokers FTMO works with, you may be surprised to find that they sidestep the mainstream broker brands entirely. Instead, they opt for a high-caliber relationship with a tier-1 liquidity provider. This unique partnership offers traders the advantage of experiencing market conditions that are as close to the real world as possible. In terms of trading platforms, FTMO extends a variety of choices to suit your trading style and preference. The options include:

• MetaTrader 4: Known for its user-friendly interface and versatility
• MetaTrader 5: Offers advanced trading and charting tools
• cTrader: Comes equipped with advanced trading capabilities and an intuitive layout

This indicates that whether you have a preference for the established MetaTrader series or the contemporary touch of cTrader, the firm accommodates your needs. Thus, the firm not only delivers adaptable trading targets and a straightforward withdrawal procedure but also provides access to premier trading platforms, all supported by a distinguished tier-1 liquidity provider. Such a distinctive brokerage alliance highlights the firm’s dedication to providing superior trading conditions, reinforcing their status as an attractive option for dedicated traders.

What Financial Instruments Can You Trade With FTMO?

Looking to diversify your trading portfolio? FTMO has got you covered. From forex pairs and commodities to indices, stocks, and even cryptocurrencies, the range of trading instruments offered is impressively broad. Moreover, you’re not limited to just conventional assets; even bonds find a place on their trading platform.

Leverage options vary depending on the type of account you opt for. If you’re enrolled in the standard evaluation programs, you have the liberty to trade with a leverage of up to 1:100. However, if you’re part of the more stringent aggressive evaluation programs, the leverage drops to 1:30.

The flexibility to choose among a vast array of financial instruments and the availability of varied leverage options make FTMO a versatile choice for traders of all stripes. Whether you’re a forex enthusiast or a crypto aficionado, FTMO’s extensive range ensures that you have multiple avenues to potentially maximize your profits.

FTMO Trading fees

The below screenshot explains the FTMO trading fees for various trading instruments:

FTMO Education, Support, and a Risk-Free Trial

If you’re passionate about trading but yearn for more support and education, look no further than FTMO. As a leading proprietary trading firm, FTMO goes beyond merely funding talented traders. They invest in your education to mold you into an expert in the financial markets. Their extensive library of educational content acts like a trading encyclopedia, offering a wealth of knowledge at your fingertips.

FTMO Blog: Your Go-To Resource for Trading Insights

Are you in search of comprehensive articles, professional guidance, and the latest trends in the trading realm? Look no further than this proprietary trading firm’s Blog, your ultimate resource hub. Brimming with practical insights and advice, the blog simplifies intricate trading principles. Catering to novices seeking foundational knowledge or experts aiming to refine their tactics, there’s valuable content for every level of trader. Immerse yourself to upgrade your trading expertise. Discover the wealth of information on the Blog.

The ForexFactory Thread: Where Experts Convene

Get real, uncensored opinions from traders who’ve walked the path you’re about to tread. FTMO has an active thread on ForexFactory with over 400 pages of discussions, reviews, and expert commentary. Interact with a vibrant community of traders who are eager to share their success stories, pitfalls, and essential tips. If you want to gain a multifaceted understanding of FTMO and trading, this is the place to be. Join the Conversation on ForexFactory.

ForexPeaceArmy Reviews: A Wealth of User Testimonials

Wondering what the trader community has to say about FTMO? Check out nearly 500 reviews on ForexPeaceArmy. From success stories to constructive feedback, the reviews offer a transparent look into the real-world experience of being an FTMO trader.

Source: https://www.forexpeacearmy

Understand the highs and lows, and make an informed decision. Read Reviews on ForexPeaceArmy.

Free Trial: Test the Waters Without Risk

What distinguishes this proprietary trading firm is the complimentary trial they offer before you engage in the Evaluation Process. This trial phase allows you to familiarize yourself with their platform and trading conditions, affording you the opportunity to spot and correct mistakes prior to facing the real test. Why risk your capital unprepared when you can rehearse and equip yourself for what lies ahead? Embark on Your Complimentary Trial. Hence, in the world of trading, knowledge truly equates to power, and this firm equips you with the arsenal to fortify your trading capabilities. With a wealth of educational materials, community backing, and a no-risk trial period, the firm is devoted to facilitating your triumph in the trading field. Begin your ascent to becoming a trading virtuoso with them today!

What Traders are Saying about FTMO

Trustpilot Ratings: A Testament to Excellence

When it comes to understanding a platform’s credibility and user satisfaction, nothing speaks louder than reviews. FTMO has made a significant impact on its community, as evidenced by its stellar 4.8/5 rating on Trustpilot. Garnering 5,999 reviews and counting, the platform has proven itself to be reliable and effective

Source: https://www.trustpilot.com/review/ftmo.com . 

Whether you’re a novice unsure about the next steps or a seasoned trader looking for optimal conditions, FTMO’s responsive support team is always at your service, ensuring a seamless trading experience.

The FTMO Community Speaks

While ratings can provide a snapshot of a platform’s performance, detailed reviews offer a deeper look. A recurring theme in the feedback is the straightforwardness of FTMO’s operations—from evaluations to funding and payouts. Traders appreciate the smooth, hassle-free process, made even better by the constant availability of a robust support team.

FTMO: A Platform for All

One of the standout comments from traders is how FTMO caters to all skill levels. Whether you’re just starting your trading journey or have years of experience, FTMO has the resources to support you. With tailored educational content and performance coaches, the firm makes it easy for everyone to find what they need to succeed in trading.

Social Media Presence: Stay Updated and Engaged

To keep up to date and receive instantaneous news, this proprietary trading firm boasts a robust presence across social media platforms: Facebook: Join a thriving community of 50,588 followers. Here, you’ll unlock access to unique content and engage in lively community discussions. Twitter: Follow their Twitter feed, where 24.7k enthusiasts come together to stay informed on the newest developments, trends, and trading tips. Instagram: The firm’s Instagram profile, with a following of 159k, is your go-to for a mix of professional insights and a glimpse into the trading lifestyle. YouTube: For comprehensive analysis, how-to guides, or trader interviews, their YouTube channel is an invaluable resource with 78.8k subscribers and a collection of 204 videos designed to enhance your trading acumen.

FTMO’s positive reviews and strong social media following are testaments to its reliability and quality service. The platform’s commitment to supporting traders of all levels through education, coaching, and a robust support system sets it apart as a premier choice for traders worldwide. With FTMO, you’re not just another trader; you’re part of a community aimed at mutual growth and success.

24/7 Support at FTMO

Whether you’re new to FTMO or a seasoned trader, you may have questions. The good news is that FTMO has a comprehensive FAQ page designed to provide quick answers to common queries. From understanding their evaluation process to payment procedures, the FAQ page is your first stop for information.

Multichannel Support: We’re Just a Click or Call Away

Social Media

FTMO understands the importance of being where their traders are, which is why their support team is available on social media platforms like Facebook, Twitter, and Instagram. Send them a message and expect a prompt reply.

Email

For detailed queries or issues that require documentation, you can directly email the FTMO support team at support@ftmo.com. Rest assured, your concerns will be addressed as quickly as possible.

Live Chat & WhatsApp

Want an immediate response? FTMO offers live chat and WhatsApp support for real-time assistance. Whether you need help with account setup or trading conditions, the support team is available around the clock to assist you.

Speak Your Language: 15 Languages Supported

Language should never be a barrier when it comes to trading. That’s why the FTMO customer support team is multilingual, offering services in 15 languages including English, German, Spanish, Portuguese, and many more.

Phone Support: Available During Business Hours

For those who favor a more personal touch, the firm offers phone support available from Monday to Friday, between 8 AM and 5 PM Central European (Summer) Time. By calling +44 2033222983, you can directly converse with a customer service representative. They strive to deliver outstanding customer support, ensuring you have a reliable line of communication through various channels, around-the-clock availability, and services in multiple languages. They are dedicated to providing assistance tailored to every level of trader, from beginners in need of guidance to professionals seeking specialized support.

Final Thoughts: FTMO – A Premier Choice for Proprietary Trading

FTMO has refined its offerings, concentrating exclusively on its Normal Evaluation Program to offer traders a balanced, risk-averse pathway to funding. The shift toward a single evaluation method speaks volumes about the company’s dedication to providing a stable and structured trading environment.

The Normal Evaluation Program: A Balanced Approach

The Normal Evaluation Program continues to be the cornerstone of FTMO’s funding opportunities. This program consists of two evaluation phases with realistic profit targets: 10% in the first phase and 5% in the second. Coupled with a maximum daily loss of 5% and an overall loss cap of 10%, this program offers traders a viable pathway to prove their mettle. Successful candidates can anticipate profit splits ranging from 80% to 90%, with leverage options up to 1:100. It’s worth noting that this program maintains its rules prohibiting trades over the weekend and during high-impact news events.

A History of Reliability and Success

FTMO’s reputation as a trusted name in the trading world remains as strong as ever, having funded traders globally since its inception in 2015. The firm’s well-structured educational content, reliable customer support, and transparent evaluation processes mark them as a favored choice for traders at every level of experience.

The Final Word

FTMO remains a key player in the proprietary trading industry by offering a single, but thoroughly vetted, evaluation program. Their focus on one program allows them to excel in delivering round-the-clock, multilingual support, and a treasure trove of educational resources, ensuring a comprehensive trading experience for all involved. Their sustained high performance and accolades from the trading community solidify their standing as a top-tier proprietary trading firm. Choose FTMO for a balanced, reliable, and rewarding trading journey.