FTMO Was Founded In 2015 To Provide A Modern Approach To Prop Trading. The Company Pioneered The Concept Of Offering Traders Access To Funded Trading Accounts Up To $200,000 In Exchange For A Profit Share.
FTMO Operates Online 24/7/365 Through Its Website FTMO.com. Traders Can Access The Site From Any Device To Participate In The FTMO Challenge Evaluation Process, Trade On A Live Or Demo Account, Track Their Performance, And Withdraw Earnings.
The Company Has Since Grown To Serve Traders In Over 180 Countries. FTMO Has Assessed Over 10,000 Trader Applications And Paid Out Over $167 Million To Its Global Community Of Profitable Traders.
FTMO Appeals To Both New And Experienced Forex Traders. Its Competitive 2-step Evaluation Allows Traders From Any Experience Level To Prove Their Strategy And Skills. Those Who Pass Gain Funded Account Access For Currencies, Indices, Commodities, And Cryptocurrencies With High Leverage Of Up To 1:100.
For Traders Focused On Long-term Gains, FTMO Offers Various Account Types Like Its Swing Account Without Restrictions On Holding Overnight Or Through News. It Also Has A Scaling Plan To Incrementally Increase Account Sizes Up To $200,000 For Consistently Profitable Traders.
Some Money-saving Tips For FTMO Traders Include Using The Free Demo Account To Refine Your Strategy, Studying Educational Resources On The FTMO Academy, And Signing Up A Friend Through The Affiliate Program To Earn Commission From Their Trades. Maintaining Trading Journals, Developing Risk Management Protocols, And Scheduling Withdrawals Can Also Optimize Your Long-run Profits Under The FTMO System.
The Evaluation Process Consists Of Two Stages - The FTMO Challenge And Verification. In The Challenge, Traders Must Meet Predefined Trading Objectives Over A One Month Period. Those Who Pass Then Undergo Verification Where Their Results Are Independently Verified. If Succesful, Traders Can Open A Funded FTMO Account.
FTMO Offers Several Account Types Including Micro, Standard, Swing And ECN Accounts. These Differ In Features Like Maximum Balance, Spreads, Leverage And Restrictions Around News/weekends. Traders Can Choose The Account Best Fitting Their Strategy And Needs.
Traders Can Withdraw Their Earnings From FTMO Using The Default 80/20 Profit Split Or Request An Increased 90/10 Split If Scaling Account Criteria Are Met. Withdrawals Are Typically Processed Within 14 Days But Traders Can Choose Their Own Profit Split Day Which Can Be Changed Up To 3 Times.
No, FTMO Does Not Require Any Deposit To Trade. Traders Only Need To Successfully Complete The Evaluation Process To Gain Access To A Fully Funded FTMO Account With A Balance Of Up To $200,000 Based On Their Performance.
FTMO Supports The Most Popular Retail Trading Platforms - MetaTrader 4, MetaTrader 5 And CTrader. Traders Can Choose The Platform That Best Fits Their Individual Needs And Trading Style.