FTMO offers traders a unique opportunity to prove their skills through a rigorous verification process. Once successful, they manage significant capital without personal risk. Their generous profit-sharing model, transparent conditions, and comprehensive educational resources make FTMO a standout choice for serious traders seeking legitimate funding opportunities.
OVERALL SCORE
9.5
PROS
Structured Trading Funding Up To $200,000
No Strict Time Limits
Free Web And Mobile Apps
Realistic Trading Conditions With Low Fees
Dedicated 24/7 Customer Support
Fast Payouts Within 24 Hours
Verification Process Tests Trading Skills
CONS
Costly fee tiers
Strict profit requirements
Strict drawdown rules
High performance pressure
Customer service inconsistency
Firm Overview
FTMO is a leading proprietary trading firm established in 2015 in Prague, Czech Republic. The company provides aspiring traders the opportunity to obtain funding for their trading activities through a two-phase evaluation process known as the FTMO Challenge. Unlike traditional prop firms, FTMO doesn’t require traders to be physically present or work specific hours – traders can operate from anywhere globally with internet access.
The company stands out for its innovative approach to trader evaluation, robust trading platforms, and substantial account funding options ranging from $10,000 to $200,000. FTMO’s business model centers on identifying skilled traders through their rigorous challenge process, which tests both profitability and risk management. Successful traders gain access to FTMO’s capital and keep up to 90% of profits generated, with no personal risk beyond the initial challenge fee.
Video Review
FTMO – Elite Prop Firm Review
FTMO – Elite Prop Firm Review
Key Features at a Glance
Challenge Fees
$10,000 Account – $155 one-time fee for the Standard Challenge evaluation
$25,000 Account – $250 one-time fee for evaluation with increased trading capital
$50,000 Account – $345 one-time fee for larger account access
$100,000 Account – $540 one-time fee with significantly higher capital potential
$200,000 Account – $1,080 one-time fee for professional-level trading capital
Account Types
Normal Account: Standard trading conditions with fixed targets and risk parameters
Swing Account: Designed for longer-term traders with extended time frames and weekend holding permitted
Standard Challenge: Entry-level evaluation with typical trading rules
Professional Challenge: Advanced option with relaxed objectives but higher entry fee
No position holding over weekends unless using Swing Account
No dangerous trading strategies that could lead to significant slippage
No arbitrage or price latency exploitation
No external manipulation of trading results
Must trade minimum 10 days during each phase
Maximum allowed trade size must be followed based on account type
No trading during major news events on specific account types
Company Information
Founded: 2015 in Prague, Czech Republic
Regulation: Operates under European financial regulations
Trader Base: 10,000+ active traders from over 180 countries
Trading Volume: Over $12 billion monthly across all funded accounts
Support Languages: English, Spanish, Portuguese, Czech, German, French, and more
Customer Support: 24/5 via live chat, email, and phone
Payout Methods
Bank Transfer (3-5 business days)
Skrill (1-2 business days)
Neteller (1-2 business days)
Bitcoin and other cryptocurrencies (24-48 hours)
PayPal (1-3 business days)
Trading Commissions
No hidden fees after paying the initial challenge fee
Forex pairs: Raw spreads plus $4 per lot round turn commission
Indices: Competitive spreads with no additional commission
Stocks: 0.02% commission on trade volume
Cryptocurrencies: Varied spreads depending on market volatility
IP Rules
Only one FTMO Challenge per person at a time
Trading from multiple IP addresses is allowed with prior notification
VPN usage requires approval from FTMO support
Trading from different geographic locations is permitted with notification
Multiple individuals cannot share the same account
Unique Features
Trading Analytics
Detailed performance metrics and trading statistics
Advanced psychological analysis of trading patterns
Trade journal with automatic trade categorization
Benchmarking against successful traders
Education and Support
Free educational webinars and trading courses
Community of traders with discussion forums
Personal account managers for funded traders
Regular market analysis and trading ideas
Why Choose FTMO?
FTMO has established itself as one of the most reputable prop trading firms in the industry, offering traders a genuine pathway to professional trading with substantial capital. Their evaluation process is designed to identify disciplined traders with consistent strategies rather than lucky gamblers.
Key advantages include:
Transparent conditions with clearly defined rules and objectives
High profit splits (80-90%) compared to industry averages
Scaling program allowing successful traders to increase their capital
No time limits on funded accounts – maintain them indefinitely with proper trading
Multiple account types catering to different trading styles
Industry-leading trading analytics and performance feedback
Active trader community with regular events and competitions
Frequently Asked Questions
How long does it take to get funded?
The time to get funded depends on your trading performance. The standard FTMO Challenge has two phases: the initial Challenge (up to 30 days) and the Verification phase (up to 60 days). If you meet all objectives quickly, you could potentially get funded in as little as 20-25 days (10 minimum trading days for each phase). Most successful traders complete the entire process within 1-2 months.
Can I hold positions over the weekend?
For standard FTMO Challenges, you cannot hold positions over the weekend. However, FTMO offers dedicated Swing Accounts specifically designed for traders who prefer longer-term positions and need to hold trades over weekends. These accounts have slightly different parameters to accommodate this trading style while maintaining risk management standards.
What happens if I break a rule?
Breaking FTMO’s trading rules typically results in account termination and forfeiture of the challenge fee. Common violations include exceeding maximum drawdown limits, not meeting minimum trading days, using prohibited trading strategies, or attempting to manipulate results. FTMO evaluates each case individually, and minor violations may receive warnings rather than immediate termination. For funded traders, rule violations can result in profit payment delays or account closure.
Can I trade news events?
Yes, you can trade during news events with FTMO accounts. However, they recommend caution as news trading can lead to significant slippage and volatility. For certain major economic announcements, they suggest reducing position sizes or temporarily closing positions to avoid unexpected losses. FTMO doesn’t restrict trading during news events, but traders should be aware of the increased risks and manage their exposure accordingly.
How often can I withdraw profits?
FTMO allows funded traders to withdraw profits once per month. The withdrawal cycle typically begins after your first full calendar month of trading. Profit withdrawals are processed within 1-5 business days depending on your chosen payment method. There is no minimum withdrawal amount, and you can withdraw up to 80-90% of the profits generated (based on your profit split agreement). Any remaining profits stay in your account for continued trading.
