FTMO is a leading proprietary trading firm that has gained popularity among thousands of seasoned traders. With the ability to start trading with up to $400,000 in funded capital and leverage of 1:100, FTMO offers an exciting opportunity for traders to maximize their profits. The firm has already paid out over $130 million in profits to traders in more than 180 countries.
About FTMO
FTMO is a Czech Republic-based proprietary trading firm that focuses primarily on the Forex market but also covers other financial markets such as commodities, crypto, and indices. The firm offers a unique funding challenge that consists of two stages: the FTMO Challenge and the Verification stage. These stages assess a trader's ability to generate consistent profits while following specific rules and risk management criteria. Successful traders become FTMO funded traders and receive a funded trading account, starting from $400,000.
What's Unique about FTMO?
Revenue Sharing:
FTMO allows traders to keep up to 90% of the profits they generate, providing an attractive revenue-sharing model.
No Personal Capital at Risk:
Traders can trade for a prop trading firm without risking their own capital, as FTMO provides the trading capital.
Refundable Fee:
This firm offers a refundable fee after the evaluation stage is completed, providing a risk-free opportunity for traders.
Support and Education:
It offers comprehensive support and educational resources to help traders succeed along their trading journey.
Wide Range of Tradable Assets:
FTMO provides a large selection of tradeable cryptocurrencies and fiat currencies, catering to diverse trading strategies.
Pros and Cons of FTMO
Pros:
Profit sharing with up to 90% of profits retained by traders.
Diverse range of tradeable assets, including cryptocurrencies and fiat currencies.
Opportunity to trade for a prop trading firm without risking personal capital.
Refundable fee after the evaluation stage.
Strong support and educational resources for traders.
Cons:
Investors must complete two verification stages.
Not suitable for investing in stocks and derivatives.
The Final Score
FTMO is a top-notch proprietary trading firm that offers an exciting opportunity for seasoned traders to maximize their profits without risking personal capital. With a wide range of tradeable assets, revenue sharing, and comprehensive support and education, FTMO stands out among other trading platforms. Although it may not be suitable for stock and derivative trading, its focus on the Forex market and other financial markets makes it an attractive option for traders looking to expand their portfolio.
Getting Started
Visit the website
Choose the account type that suits your risk level and capital level.
Select the platform you want to use from MT4, MT5 and cTrader.
Start the FTMO Challenge to complete the evaluation process.
Follow the trading objectives.
Verify your account.
Become a funded professional trader.
Create a scaling plan.
To ensure a comprehensive understanding, we encourage you to delve into independent research and explore the FTMO website for detailed instructions when embarking on your journey.
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