FTMO

FTMO is a world-renowned proprietary trading firm that looks for experienced traders to manage their capital. Traders must pass a rigorous 2-step evaluation process (the "FTMO Challenge" and "Verification") to demonstrate their ability to trade profitably while managing risk. Once a trader passes, they are offered an FTMO Account with a balance of up to $200,000.

Traders keep up to 90% of the profits they generate on the funded account. FTMO is widely considered the gold standard in the prop trading industry due to its reliable payouts, excellent customer support, and fair trading conditions. They impose strict rules on daily loss limits to ensure responsible trading. It is a legitimate path for skilled forex and crypto traders to trade large capital without risking their own money.

Frequently Asked Questions

1. Is the fee refundable?

Yes, the one-time fee you pay to attempt the FTMO Challenge is fully refunded to you with your first profit split. If you fail the challenge, the fee is lost, but if you pass and become profitable, the initial cost is essentially zero.

2. What can I trade?

FTMO allows you to trade a wide range of instruments including Forex pairs, Cryptocurrencies, Indices, Commodities (like Gold and Oil), and Stocks via CFDs. You can choose from platforms like MetaTrader 4, MetaTrader 5, or cTrader.

3. specific drawdown rules?

Yes, you must adhere to strict drawdown rules: you cannot lose more than 5% of the account balance in a single day, and you cannot lose more than 10% of the initial balance in total. Violating these rules will result in the immediate termination of the account.

4. How do I get paid?

You can request a payout of your profit share on a monthly basis (or bi-weekly after the first payout). FTMO processes payments via bank wire transfer, Skrill, or cryptocurrency. They are famous for their reliability in paying out successful traders.

5. Is it a broker?

No, FTMO is not a broker; they are a proprietary trading firm. They provide the capital and the evaluation framework, but the actual trade execution connects to liquidity providers. You are technically a contractor trading the firm's demo or live capital.