FTMO Review

FTMO is one of the leading proprietary trading firms, offering a unique opportunity for traders to manage real capital after completing a structured evaluation process. Since its inception in 2015, FTMO has attracted traders from all over the world by offering a clear pathway to professional trading. This FTMO review provides an in-depth look at FTMO’s offerings, including its evaluation process, account types, profit-sharing models, and what users are saying about the firm.

Introduction

FTMO is a proprietary trading firm that allows skilled traders to manage capital after proving their trading skills through an evaluation process. The firm offers a chance to trade real funds while earning a profit share, but it also presents a set of challenges and risks for those participating in the evaluation process. In this FTMO review, we will assess the structure of FTMO’s evaluation process, the benefits and drawbacks of working with the firm, as well as user feedback from platforms like Trustpilot to help you make an informed decision.

How FTMO Works

FTMO offers traders the opportunity to showcase their trading abilities by completing a two-step evaluation process. This process consists of the Challenge and the Verification stage. Let’s break down each of these stages:

Challenge

The Challenge is the first step of the evaluation process. During this stage, traders are required to meet certain profit targets while adhering to strict risk management rules. The main objectives are:

• Profit Target: Traders must achieve a specific profit target, typically 10% of the initial account balance.
• Maximum Daily Loss: The maximum daily loss allowed is typically 5% of the initial account balance.
• Maximum Drawdown: The maximum total loss allowed is 10% of the initial account balance.

The FTMO Challenge is designed to test how well traders can balance profitability with risk management. Once traders meet these objectives, they move to the Verification stage.

Verification Stage

The Verification stage is the second step in the FTMO evaluation process. In this phase, traders must meet a reduced profit target, typically 5%, while following the same risk management rules. The main goal of this stage is to verify that traders can maintain their performance over a longer period of time.

• Profit Target: Reduced to 5% compared to the FTMO Challenge.
• Risk Management: The same risk management rules apply, ensuring traders can remain disciplined.
• Consistency: The focus of this stage is on consistency, which is a key trait that FTMO looks for in its traders.

Once a trader successfully completes the FTMO Challenge and Verification stages, they are granted a funded account.

Funded Account

Upon successful completion of both the FTMO Challenge and Verification, traders gain access to a funded account. The account size can vary based on the trader’s performance and the chosen account size during the evaluation process.

• Account Sizes: FTMO offers different account sizes ranging from $10,000 to $200,000.
• Profit Sharing: Traders can earn up to 90% of the profits they generate.
• Platform Access: FTMO supports multiple platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and DXtrade.

Advantages of FTMO

FTMO offers a range of benefits for traders who successfully complete the evaluation process. These advantages make FTMO an attractive option for many traders who are looking to scale their trading and manage larger amounts of capital.

1. Access to Real Capital

One of the main advantages of FTMO is the opportunity to manage real capital once you complete the evaluation process. After passing the FTMO Challenge and Verification, traders are given access to an FTMO Funded Account, allowing them to trade with substantial funds without risking their own money.

2. Profit Sharing

FTMO offers a generous profit-sharing model, where traders can earn up to 90% of the profits they generate while managing an FTMO Funded Account. This is an attractive feature for skilled traders who are able to produce consistent results.

3. Clear and Structured Process

FTMO’s two-step evaluation process is clear and structured, with well-defined objectives and rules. This structure helps traders understand exactly what is expected of them, making it easier to prepare and perform within the rules.

4. Scalable Accounts

FTMO offers a scalable trading model, where traders can increase their account size over time. This scaling process is based on the trader’s consistent performance and allows for higher profit potential as traders continue to demonstrate their abilities.

Trustpilot and User Feedback

FTMO has received a variety of reviews from traders on platforms like Trustpilot, where users share their experiences with the firm. While many traders have praised FTMO for its structured evaluation process and the opportunity to manage real capital, others have expressed frustration with the challenge requirements.

Positive Feedback

• Many traders appreciate the clear rules and transparent evaluation process that FTMO provides.
• Traders also value the opportunity to manage real capital and earn a share of the profits.
• FTMO’s tools and educational resources are often highlighted as useful for improving trading skills.

Negative Feedback

• Some traders feel that the evaluation process can be too strict, with high profit targets and risk management rules that may be difficult to meet.
• There are a few complaints about the fees associated with the FTMO Challenge and the pressure that traders feel during the evaluation process.
• Some users feel that the platform is geared more towards experienced traders, leaving beginners with fewer opportunities.

Conclusion

FTMO is a leading proprietary trading firm that offers skilled traders the opportunity to manage real capital after completing an evaluation process. With a clear and structured two-step evaluation process, access to real trading capital, and a generous profit-sharing model, FTMO provides a solid foundation for traders who want to scale their trading activities. As highlighted in this FTMO review, the firm’s approach to trading allows individuals to prove their skills and access substantial capital for trading.

While the evaluation process may be challenging for some, FTMO offers an opportunity for those who can prove their trading skills to earn a share of profits and access higher levels of capital. If you are a trader looking for a path to professional trading, FTMO could be a great option to consider.