{"id":572,"date":"2023-01-08T18:48:22","date_gmt":"2023-01-08T23:48:22","guid":{"rendered":"https:\/\/tradingfunder.com\/?p=572"},"modified":"2024-11-15T14:53:10","modified_gmt":"2024-11-15T19:53:10","slug":"ftmo-review","status":"publish","type":"post","link":"https:\/\/tradingfunder.com\/ftmo-review\/","title":{"rendered":"FTMO 2024 overview: All to know"},"content":{"rendered":"\n

FTMO, founded in 2015 in Prague by by Otakar \u0160uffner<\/strong> and Marek Va\u0161\u00ed\u010dek<\/strong>, has become a top player in the prop trading industry. The firm identifies skilled traders through a 2-step evaluation process\u2014FTMO Challenge and Verification. Trading Funder team identified that Successful traders are granted access to FTMO Accounts, where they can trade with up to $400,000 in virtual capital and retain up to 90% of the profits.<\/p>\n\n\n\n

FTMO offers trading in Forex, indices, commodities, stocks, and cryptocurrencies. Account sizes range from $10,000 to $200,000, with options for standard or Swing accounts.<\/p>\n\n\n\n

Trading Funder checked FTMO\u2019s Trustpilot, where it has a 4.8\/5<\/strong> rating, which reflects a lot of positive feedback from traders. Users generally praise FTMO for its quick payouts<\/strong>, transparent rules<\/strong>, and helpful customer service<\/strong>. Many appreciate the no-risk environment<\/strong> it offers through demo trading while still providing real financial rewards for successful traders. On the flip side, Some traders mention negatives like strict rules<\/strong> (especially on drawdowns), occasional delays in evaluations<\/strong>, and communication issues<\/strong> during the challenge, though these are less common\u200b.<\/p>\n\n\n\n

Key advantages<\/strong> of FTMO include quick payouts, clear trading rules, and the ability to trade with no risk to your own capital while keeping up to 90% of profits. The tools and support, like the mentor app and trading analysis, also help traders improve\u200b. On the downside, there are strict rules<\/strong> on drawdowns, occasional delays in processing evaluations, and sometimes communication issues during the challenge phase\u200b.<\/p>\n\n\n\n

FTMO offers different account types through its FTMO Challenge<\/strong> and Verification<\/strong> stages. The price for these accounts ranges from around \u20ac155 to \u20ac1080<\/strong>, depending on the account size and risk settings. Account sizes can go from $10,000<\/strong> to $400,000<\/strong> in virtual capital. Traders access these accounts on popular platforms like MetaTrader 4<\/strong>, MetaTrader 5<\/strong>, cTrader<\/strong>, and DXtrade<\/strong>, depending on their preference\u200b\u200b.<\/p>\n\n\n\n

FTMO\u2019s trading rules are strict. The Daily Loss Limit<\/strong> is 5%, and the Maximum Drawdown<\/strong> is 10%. There’s no maximum position size<\/strong>, but leverage is capped at 1:100<\/strong>. You can’t hold trades over the weekend unless using a Swing account<\/strong>, and there are restrictions for major news events<\/strong> unless you’re on the Swing account. Hedging<\/strong> is allowed, and Expert Advisors (EAs)<\/strong> are permitted. The Scaling Plan<\/strong> increases account size by 25% for consistent profitability. There’s no rule against any trading style<\/strong> or copy trading<\/strong>, but you must maintain consistency<\/strong> in your trades.<\/p>\n\n\n\n

In this article, Trading Funder offers an in-depth review of FTMO<\/strong>, covering its key features, account types, and trading rules to help guide your experience with this prop trading firm.<\/p>\n\n\n

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