Grow & Monetize Your Demo Trading
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FTMO Review
FTMO is a globally recognized proprietary trading firm established in 2015, headquartered in Prague, Czech Republic. The firm offers traders the opportunity to manage substantial capital across various financial instruments, including forex, commodities, indices, stocks, and cryptocurrencies.
FTMO’s evaluation process is designed to identify and support talented traders by providing them with the necessary resources and capital to succeed in the competitive trading environment.
Coupon Code for FTMO
As of now, there are no active coupon codes available for FTMO. It’s advisable to check their official website or trusted coupon platforms periodically for any new promotions.
Pros and cons
- Access to a wide range of financial instruments
- High profit split, starting at 80% and scaling up to 90% for consistent performers
- Multiple trading platforms supported
- Educational resources and performance coaching
- Flexible trading rules with no restrictions on trading styles
- Two-step evaluation process may be time-consuming for some traders
- Trading is conducted on demo accounts, which may not replicate live market conditions entirely
- Strict risk management rules, including daily and overall loss limits
About FTMO: An Overview
FTMO’s mission is to identify and nurture talented traders by providing them with a rigorous evaluation process and the necessary resources to succeed. Successful traders are provided with funded accounts and can earn up to 90% of their profits. FTMO supports traders with advanced trading platforms, educational resources, and continuous performance coaching.
Company Name of FTMO
The company operates under the name FTMO s.r.o., a limited liability company registered in the Czech Republic.
Address Details of FTMO
FTMO’s headquarters are located in Prague, Czech Republic. The exact address is: FTMO s.r.o., Purkyňova 2121/3, Nové Město, 110 00 Praha 1, Czech Republic.
Founding Year of FTMO
FTMO was founded in 2015 and has since established itself as a leading proprietary trading firm globally.
Who Owns FTMO?
FTMO was co-founded by Otakar Suffner, who serves as the CEO.
Trading Platforms at FTMO
FTMO supports multiple trading platforms to cater to various trader preferences:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- cTrader
- DXtrade
- Wethrift
These platforms are renowned for their reliability, advanced charting tools, and automated trading capabilities.
Instruments Available with FTMO
Traders at FTMO have access to a diverse range of financial instruments, including:
- Forex pairs
- Commodities
- Indices
- Stocks
- Cryptocurrencies
This variety allows traders to diversify their strategies across different markets.
How to Make Payments at FTMO
FTMO offers several payment methods:
- Credit/Debit Cards
- Bank Wire Transfers
- Skrill
- Cryptocurrencies
Keep in mind that payment options may vary based on the trader’s country of residence.
Account Sizes Available at FTMO
FTMO provides various account sizes to accommodate different trading preferences:
- $10K
- $25K
- $50K
- $100K
- $200K
Traders can also scale their accounts up to $2,000,000 through FTMO’s Scaling Plan!
Profit Splits in FTMO
FTMO offers a competitive profit split structure. Traders get to keep 80% of their profit. They can scale it up to 90%.
Profit Targets for FTMO:
FTMO’s evaluation process consists of two phases. The first step requires a 10% profit target, and the second step requires 5%.
Maximum Daily Drawdown and Loss at FTMO
The maximum daily loss for the account is 5% of the account balance. The maximum overall loss is 10% of the account balance.
Minimum/Maximum Trading Days Required at FTMO
FTMO requires a minimum of 4 trading days in both the Challenge and Verification phases. There is no maximum time limit to complete the evaluation, allowing traders to proceed at their own pace.
FTMO: Rules and Challenges
FTMO’s evaluation process consists of two phases:
- FTMO Challenge – Traders must achieve a 10% profit target within the evaluation period while adhering to the risk management rules.
- Verification – Upon passing the Challenge, traders enter the Verification phase, aiming for a 5% profit target under the same risk parameters.
- Successful completion of both phases leads to an FTMO Account, where traders can manage significant capital and earn up to 90% of their profits.
Steps Available in FTMO Challenge
There are two steps available in FTMO challenges. The first step is considered the challenge. The second step is considered verification.
Pricing for FTMO Challenge
| Account Size | Price |
|---|---|
| $10K | $155 |
| $25K | $250 |
| $50K | $345 |
| $100K | $540 |
| $200K | $1080 |
Commissions and Fees at FTMO
FTMO charges commissions based on the traded instruments. Forex Pairs are $3 per lot. Metals and Equity CFDs commission is based on percentage/volume. There are no recurring fees; the initial fee covers the entire evaluation process.
Contact FTMO
You can reach FTMO through:
- Email: support@ftmo.com
- Live Chat: Available on their official website
- Office Address: Purkynova 2121/3, 110 00 Prague, Czech Republic
FTMO: Refund Policies
FTMO’s refund policy allows for returns within 30 days of purchase, provided the evaluation has not been started. Once trading begins, the fee becomes non-refundable.
Trial Offers at FTMO
FTMO offers a Free Trial that simulates the Challenge phase.
Payout Schedules of FTMO
FTMO processes payouts monthly. Traders can request withdrawals after a minimum of 14 days from the start of the funded account. Payouts are made via bank transfer or cryptocurrency, with minimum profit thresholds of $20 and $50, respectively.
FTMO FAQ Section
FTMO allows multiple Challenge and Verification accounts. The maximum capital allocation for funded accounts is $400,000 per trader or strategy, prior to scaling.
FTMO does not offer free retries. Traders must purchase a new Challenge if they fail to meet the evaluation criteria.
Breaking the rules, you risk getting your account deleted.
FTMO does not have a strict inactivity policy. Traders can request a “freeze” on their account in cases of planned inactivity.
Yes, FTMO offers a Scaling Plan. Traders who achieve consistent profits over a four-month period can have their account balance increased and profit split improved up to 90%.
