FTMO – Elite Prop Firm Review
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- Global leader in trader backing
- Swift withdrawals within 24 hours
- Trade major markets with flexibility
- Extensive educational resources available
- Superior analytical tools provided
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
- Swing Account: For traders who hold positions over weekends with adjusted parameters
Profit Split Options
- Standard Split: 80% profit to the trader, 20% to FTMO on all funded accounts
- Accelerated Split Program: Up to 90% profit to traders after demonstrating consistent performance
- Scaling Plan: Improved profit splits as traders progress through the account scaling system
Account Sizes
- $10,000: Entry-level account ideal for beginners with lower challenge fee
- $25,000: Mid-tier account with balanced risk-reward ratio
- $50,000: Advanced account with higher profit potential
- $100,000: Professional-level trading capital with substantial earning potential
- $200,000: Maximum account size for experienced traders seeking significant funding
Trading Platforms
- MetaTrader 4: Industry-standard platform with comprehensive charting and analysis tools
- MetaTrader 5: Advanced next-generation platform with enhanced features and capabilities
- cTrader: Modern platform with advanced execution and depth of market visibility DXtrade: Web-based platform offering a modern, browser-accessible trading environment
Financial Markets
- Forex: Major, minor and exotic currency pairs with competitive spreads
- Commodities: Gold, silver, oil, natural gas and other primary resources
- Indices: Major global stock indices including S&P 500, NASDAQ, DAX, and more
- Stocks: Access to hundreds of individual company shares across global markets
- Cryptocurrencies: Major digital assets including Bitcoin, Ethereum and others
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | Up to 30 days | Up to 60 days |
| Profit Target | 10% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 10 days | 10 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | Up to 30 days | Up to 60 days |
| Profit Target | 8% | 4% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 10 days | 10 days |
Challenge Specifications
- Max Allocation: Up to $2,000,000 through account scaling program after consistent performance
- Scaling: 25% account size increase per step upon meeting performance criteria, up to $2,000,000
- Trading Competitions: Regular contests with additional prizes for top performers
- Free Trial: Free FTMO demo account available to practice before entering the challenge
- Profit Targets: Range from 4-10% depending on account type and challenge phase
- Drawdown Structure:
- Daily: 5% maximum loss from initial account balance allowed in a single trading day
- Maximum: 10% maximum loss from initial account balance overall
- Trailing: Dynamic drawdown that follows equity peaks to protect profits
Trading Rules and Requirements
- 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: Unregulated prop firm — accounts are demo/simulated; FTMO s.r.o. is a Czech-registered company
- 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?
News trading rules differ by program: the FTMO Challenge 1-Step allows free trading during all news events. The 2-Step Challenge and funded FTMO Accounts have restrictions — trading is not permitted within a set window around high-impact news releases. Always check the specific rules for your account type.
How often can I withdraw profits?
FTMO processes rewards on a bi-weekly basis (every 2 weeks). The average processing time is approximately 8 hours. 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.
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vorbelutrioperbir –
I keep listening to the reports speak about getting boundless online grant applications so I have been looking around for the top site to get one. Could you advise me please, where could i find some?