FTMO Review 2024!Pros and Cons

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FTMO is a leading Modern Prop Trading firm founded in 2015 and based in Prague.
It offers a wide range of assets, including forex, indices, commodities, stocks, and cryptocurrencies.

KEY TAKEAWAYS
・Industry Standard 80% Reward Ratio
・Free Trial
・24/7 Client Support Available
・Comprehensive Trading Tools
・Access to Performance Coaches

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Summary of FTMO

Expert Reviewer Verdict

FTMO stands out as a Modern Prop Trading firm with a strong focus on trader development. With features like an FTMO Challenge, Performance Coaches or Premium Programme, it’s designed for traders aiming to sharpen their skills. The platform offers access to various assets, including forex, stocks, and cryptocurrencies, making it suitable for investors with different strategies.

Key advantages include 24/7 support, a Free Trial, and a selection of trading platforms like MetaTrader 4, 5, cTrader and DXtrade. However, the higher platform’s evaluation fees might be seen as a disadvantage for some traders. Despite this, FTMO’s premium services and large community provide solid support for traders looking to excel.

Pros and Cons

Pros

Pros
・Industry Standard 80% Reward Ratio
・Free Trial
・24/7 Client Support Available
・Comprehensive Trading Tools
・Access to Performance Coaches

Cons

Cons
・Higher Price Point
・Trading Fees for Certain Symbols

Evaluation Process

EVALUATION PROCESS
DEMO
FTMO ACCOUNT
MONETIZED DEMO
QUANTLANE
PRO – TRADING
STEP 01
FTMO CHALLENGE
The FTMO Challenge educates traders and leads them to master their trading habits. Traders demonstrate their experience by following our Trading Objectives inspired by key risk management rules. After completing an FTMO Challenge, traders move on to the Verification step.

STEP 02
VERIFICATION
The Verification step verifies the skills traders demonstrated in the FTMO Challenge. The Trading Objectives are simplified, with the Profit Target being halved while the Maximum Losses Rules remain intact. Upon passing it, traders get access to an FTMO Account.

EVALUATION PROCESS
・Trading Tools & Services


STEP 03
FTMO TRADER
Advancing to another step demonstrates commitment and talent, leading to an FTMO Account with fictitious funds of up to $200,000 in a demo environment. Despite being a demo, FTMO Traders can get reward of up to 90% of simulated profits without risking their capital and access exclusive opportunities, including FTMO Premium Programme.

FTMO ACCOUNT
・FTMO Account with fictitious funds up to $200,000
・Reward up to 90% of simulated profits
・Performance Coaching Sessions
・FTMO Premium Programme
All – Trading Tools & Services



STEP 04
PROFESSIONAL TRADER
The absolute best FTMO Traders can get an opportunity through our Premium Programme to become professional traders in Quantlane, a proprietary trading firm that manages its own real capital. They are a mix of traders, quants, mathematicians, and developers driven by the same passion for the financial markets. This is the final goal of a trading career which FTMO envisioned.

QUANTLANE
・Contract with fixed salary
Performance & Mindset coach
Institutional Trading Conditions

– Spreads, Liquidity, Risk, Framework

・Custom Platform & Tools

TRADING OBJECTIVES

FTMO’s Trading Objectives are based on risk management principles, and they verify that our clients can manage them effectively. By adhering to these objectives, clients enhance their skills and build healthy and sustainable trading habits.

Upon accomplishing Trading Objectives during FTMO Challenge and Verification, clients gain access to an FTMO Account. These objectives will remain in place, except for the Profit Target.

 
STEP 1
FTMO CHALLENGE
STEP 2
VERIFICATION
STEP 3
FTMO TRADER
Trading Period Unlimited Unlimited Unlimited
Minimum Trading Days 4 Days 4 Days X
Maximum Daily Loss $500〜 $500〜 $500〜
Maximum Loss $1,000〜 $1,000〜 $1,000〜
Profit Target $1,000〜 $500〜 X
Refundable Fee €155〜 Free Refund

Tradable Instruments

FTMO provides a comprehensive selection of tradable instruments, making it an ideal platform for traders looking to diversify their portfolios. Users can access a wide variety of markets, including forex, indices, commodities, stocks, and cryptocurrencies. This broad range ensures that both novice and experienced traders can find assets that suit their strategies. 

Trading Instrument
・COMMODITIES
・CURRENCIES
・CRYPTOCURRENCIES
・INDICES
・STOCKS

Account Types

FTMO offers two main account types tailored to different trading styles.

・FTMO Account
・FTMO Swing Account

FTMO Account comes with a maximum of 1:100 leverage, designed for traders who prefer higher leverage for more aggressive trading.

FTMO Swing Account offers a maximum of 1:30 leverage, the possibility to trade around news releases and holding of trades overnight and over the weekend.

Trading Platforms

FTMO offers a range of trading platforms that cater to different trading styles and preferences. Traders can choose from MetaTrader 4, MetaTrader 5, cTrader and DXtrade, giving them flexibility in how they manage their trades.

Trading Platforms
・Mobile Trading Apps
・Web Trading Apps
・Desktop Trading Apps

Customer Support

24/7 Support for Seamless Trading

FTMO offers round-the-clock customer support in 16 languages, ensuring traders can access help whenever they need it. Support is available through multiple channels, including live chat, email, and the Discord community, allowing traders to connect in their preferred way. Whether you need assistance with technical issues, account management, or platform navigation, FTMO’s support team is readily accessible to provide quick and efficient solutions.

CLIENT SUPPORT IN 16 LANGUAGES
Arabic、Czech、Spanish、French、German、Italian、Japanese、Polish
Portuguese、Russian、Serbian、Tagalog、Turkish、Ukrainian、English、Vietnamese

How to register for FTMO

The process is straightforward and can be completed within minutes.

How to register for FTMO
  • STEP1
    Open the official website registration page     
  • STEP2
    Enter your personal information
  • STEP3
    Log in via email

1. Open the official website registration page

2. Enter your personal information

Select title
・First name
・Last name
・Email
・Mobile
・Password
・Confirm password
・Country of residence

Once you have completed all the information, click “Register”.

3 .Log in via email

Conculition

Although there are fees associated with the FTMO Challenge, the benefits of coaching, education, and performance tracking make it a worthwhile investment for serious traders. Overall, FTMO is an excellent choice for those looking to enhance their trading careers in a secure, well-supported environment.

\sing up for free!/
Open my account with FTMO

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