FTMO is a project which is looking for successful traders. To ascertain if a trader has all the qualities they seek, they developed a 2-step evaluation course. These two steps consist of the FTMO Challenge and the Verification. The course is specifically tailored to discover talent within a trader. The path of a trader is challenging, and our educational applications, account analysis, and performance psychologist are here to guide our traders. Upon successful completion, traders are offered a placement in the FTMO Proprietary Trading firm, where they can remotely manage up to 300,000 USD and continuously grow the account according to their Scaling Plan. As an FTMO Trader, you are eligible to keep 80%-90% of the profits you generate.
How to Start?
Before you start the FTMO challenge you have to pay a fee. The fee for the FTMO Challenge covers it all, including the Verification. There are absolutely no recurring fees with them. Moreover, your fee will be refunded to you with the first profit withdrawal from the FTMO Account.
FTMO also gives the option to take a trial challenge to make sure that you know what you are up against.
After you sign up, They will offer you a Free Trial where you can try trading as if you were in the real Challenge, and this is completely for free. In the Free Trial, you will also have the possibility to test our Trading Applications and you will also receive a shortened analysis version of your performance. Please note you can’t receive any funding based on your performance in the Free Trial.
After you get registered you gain access to the Client Area, then you can apply for a challenge. here you have to make a few choices
- Trading Account Currency: the choice is limited to EUR, USD, CZK, GBP
- Risk Mode: Traders are faced with two options’ Normal’ or ‘Aggressive.’
- a) Normal risk option allows a maximum loss of 10%, as well as sets a profit target of 10% while requiring traders to maintain no more than 5% loss on any given day.
- b) Aggressive risk option allows a maximum loss of 20%, as well as sets a profit target of 20% while requiring traders to maintain no more than 10% loss on any given day. Even though profit target increases with aggressive risk options, it might still be a better option for high-frequency traders, basket traders, and traders with overly aggressive trading systems, which require additional ‘breathing space’ for the trades.
- Initial Capital: Initial capital ranges from $10,000 up to $100,000. Higher capital requires higher participation payment, furthermore, choosing. The aggressive risk will limit the trader to a maximum of $50,000.
- Account Type: You can either choose a normal account type or a swing account which allows you to hold trades overnight and on weekends
- Trading Platform: You can choose your preferred trading platform here (MetaTrader 4, MetaTrader 5, or cTrader).
2 Steps of FTMO
Before they allow you to manage money, they need to be sure you can trade responsibly and manage risk properly.so they have a two-step evaluation process and these steps/challenges have objectives/rules. Their challenges have reasonable rules. They call these rules Trading Objectives. By meeting the Trading Objectives, you prove that you are a disciplined and experienced trader. Your trading style is entirely up to you.
- Step 1 – The FTMO Challenge
- Step 2- Verification process
Benefits of FTMO
We know the turf and the trading industry very well. It took us some time and research to tailor and optimize the best funding process conditions for our clients. Their major aim is that their traders have the best chances of succeeding. Simply said, if their traders are profitable, so are they. It makes logical sense to support their traders by providing them with the freedom to trade without any restrictions or limitations and to offer them the best account conditions and leverage that nobody else does.
- The most popular trading platforms
- FTMO platform with a wide choice of assets across the board, with very low commissions and super-raw spreads.
- No limits on trading style!
- Trade your own trading strategy with no limits or restrictions. You can use EAs, hedging or trade discretionary.
- Trading Applications & Psychologist
- Access to in-house developed trading applications and support from our performance psychologist.
- Several platforms to trade on
- They offer all our clients the best trading solution in the form of our MT4, MT5 and cTrader accounts powered by data-feed directly from our prime liquidity providers. They do their best to simulate the real market conditions with super-raw spreads, very low commission and no markup to all demo trading accounts with virtual funds
- One-time fee only
- No recurrent charges, no membership or other hidden fees. Moreover, the fee is automatically refunded to you with the first profit withdrawal
- Account Analysis
- A thorough analysis of your trading account with constructive feedback from the ftmo company.
Which instruments can I trade and what strategies am I allowed to use?
Your trading style is completely up to you. They have no reason for limiting or restricting your trading strategy, whether it’s discretionary trading, hedging, algorithmic trading, EAs, etc. As long as your trading is legitimate. They don’t even impose any limits on instruments or position sizes you trade. You can trade all the instruments and assets that are available in your trading platform (Forex, Indices, Commodities, Stocks, Crypto,…). They give you complete freedom.