FTMO stands out as a extremely regarded proprietary buying and selling agency that has captured the eye of quite a few skilled merchants globally. It’s designed to offer merchants with elevated capital, reaching as much as $400,000, with a leverage of 1:100, permitting them to maximise their buying and selling potential.
A standout characteristic of FTMO is its profit-sharing mannequin, the place merchants can retain as much as 90% of the earnings they generate, a very enticing side contemplating the agency has distributed over $130 million in earnings throughout merchants in additional than 180 international locations.
An important side to know earlier than signing as much as FTMO is its emphasis on self-discipline and rule adherence, which kinds the bedrock of its philosophy. The agency believes that buying and selling success hinges on strict self-discipline and the power to comply with one’s personal established guidelines. FTMO presents a novel atmosphere the place merchants’ adherence to those rules is monitored, offering worthwhile suggestions and fostering a conscientious buying and selling strategy.
On this FTMO evaluation, I’ll spotlight these core components and dive into the agency’s options, benefits, disadvantages, and related prices, offering a complete overview for potential merchants contemplating becoming a member of the platform.
Study Extra About FTMO
What to Know Earlier than Signing as much as FTMO
Figuring out the very best prop buying and selling agency in your distinctive wants is just not a straightforward job. There’s a lot to know earlier than signing as much as FTMO, or any buying and selling platform for that matter. It’s best to know the advantages, drawbacks, pricing and the way they stack up towards different prop buying and selling corporations. We’ll get into all of these particulars, however first let me clarify to you precisely what FTMO is.
What’s FTMO?
FTMO, based in 2014 by a bunch of formidable day merchants in Prague, has advanced into one of many fastest-growing proprietary buying and selling corporations. Initially often called Ziskejucet.cz, its core philosophy revolves round strict self-discipline, rule adherence, and a deep dedication to skilled buying and selling. The muse of FTMO was pushed by a standard want amongst merchants for elevated capital, higher self-discipline, and constructive suggestions.
This Czech Republic-based agency stands out by providing funded buying and selling accounts to expert merchants who efficiently cross a two-step analysis course of. The analysis focuses on worthwhile buying and selling whereas strictly adhering to the agency’s buying and selling guidelines. FTMO’s main focus is on Forex, however it additionally consists of buying and selling alternatives in commodities, cryptocurrencies, and indices.
Merchants who meet FTMO’s standards are granted accounts funded as much as $400,000, with the potential to scale as much as $2 million. The agency operates on a mannequin the place merchants can preserve as much as 90% of the earnings made, aligning the agency’s success with that of its merchants.
FTMO Advantages
The primary factor you must know earlier than signing up for FTMO is what they carry to the desk, what benefits you’ll acquire from selecting them. Listed here are the principle options I feel customers will discover helpful.
- Danger-Free Buying and selling: Merchants don’t must danger their very own cash since FTMO provides the buying and selling capital.
- Revenue Sharing: Funded merchants obtain a good portion of the earnings they generate, usually as much as 70% or extra, with the potential to scale as much as 90%.
- Scaling Alternatives: Profitable merchants have the chance to handle elevated capital, enhancing their revenue potential.
- Complete Buying and selling Instruments: This consists of the Account MetriX, Account Evaluation, Statistical App, Buying and selling Journal, Mentor App, and Fairness Simulator, every designed to help in monitoring progress, optimizing methods, and managing dangers successfully.
- Financial Calendar: A instrument that retains merchants knowledgeable about market-moving information and occasions, very important for planning and anticipating market shifts.
- Payment Refund: Merchants obtain a whole refund of their preliminary payment upon passing the FTMO Problem, making the analysis course of successfully free as soon as profitable.
FTMO Drawbacks
After all, no platform is ideal. Earlier than you resolve to enroll to FTMO, you need to be conscious of those potential pitfalls:
- Two-Step Analysis Course of: Merchants should efficiently full two distinct analysis levels earlier than accessing funded accounts. This course of is extra time-consuming in comparison with another buying and selling corporations, which can be a deterrent for these on the lookout for faster entry to buying and selling capital.
- Restricted Funding Choices: FTMO’s focus is just not on inventory or spinoff funding, which could not align with the funding methods of all merchants.
- Difficult Revenue Targets: The preliminary 10% revenue goal within the FTMO Problem is taken into account excessive by some merchants. Nevertheless, it’s price noting that when this Problem is handed, the goal is diminished to five% within the verification stage, making the following part extra attainable.
FTMO Pricing
The worth is arguably an important characteristic, as we join prop buying and selling firms to become profitable, not spend it. I provides you with a quick overview of the prices and guidelines, however try my FTMO problem charges and guidelines article for a extra indepth breakdown.
Regular Danger Stage:
- $10,000 account: €155
- $25,000 account: €250
- $50,000 account: €345
- $100,000 account: €540
- $200,000 account: €1,080
Aggressive Danger Stage:
- $10,000 account: €250
- $25,000 account: €345
- $50,000 account: €540
- $100,000 account: €1,080
If a dealer doesn’t efficiently full the 3-step course of, they’ve the chance to strive once more. The payment paid for this system is refunded as soon as a dealer turns into funded with FTMO. This payment construction permits merchants to pick out an account measurement and danger degree that matches their buying and selling strategy and danger tolerance.
The FTMO analysis course of, designed to seek out and nurture expert merchants able to dealing with the agency’s capital, consists of two levels: the FTMO Problem and Verification.
- FTMO Problem: This preliminary stage checks a dealer’s abilities and self-discipline to satisfy particular targets. Merchants should hit a revenue goal set by FTMO, which varies primarily based on the chosen account measurement. They’re required to commerce for at least four days and cling to the utmost day by day and total loss limits. Merchants can go for varied account sizes, every with a definite preliminary payment, revenue goal, and loss limits, appropriate to their buying and selling type and danger tolerance.
- Verification: After passing the FTMO Problem, merchants enter the Verification stage, which goals to verify their buying and selling abilities over an extended interval. This stage calls for attaining a diminished revenue goal from FTMO, buying and selling for at least four days, and sustaining the set day by day and total loss limits. Verification acts as the ultimate take a look at of a dealer’s constant skill to generate earnings.
The method permits merchants to pick out an preliminary deposit starting from $10,000 to $200,000, with a corresponding payment. The Problem requires a 10% revenue of the deposit inside a most of 30 days, buying and selling at the very least 10 days, with permissible losses as much as 10% of the overall deposit or 5% day by day. In Verification, the revenue goal is halved, and merchants have as much as 60 days, easing circumstances for extra conservative methods.
If you’re trying to economize, you possibly can strive the FTMO free trial by clicking the hyperlink.
FTMO Options
Earlier than you subscribe to FTMO, you in all probability ought to know concerning the options and the aggressive benefits they carry. In the event you worth versatile buying and selling guidelines and strong danger administration instruments, The Funded Dealer is perhaps for you. They permit the next most buying and selling drawdown and merchants can preserve as much as 80% of their earnings. This FTMO vs The Funded Dealer article will spotlight the variations.
If you’re simply beginning out in prop buying and selling you’ll admire the academic assets and assist supplied by TopStep. I need to word that merchants can solely commerce futures with TopStep, however if you’re a futures dealer, discover, I like to recommend exploring this TopStep vs FTMO article to see what it has to supply.
The 5ers is common with worth searching for prop merchants as a result of it doesn’t cost subscription charges or analysis charges. If you’re fascinated with seeing how they evaluate try my the 5ers vs FTMO article.
Closing Ideas
On this FTMO evaluation, we’ve explored the important thing points of what to know earlier than signing as much as FTMO, a platform that provides merchants a structured path to managing substantial capital with its distinctive analysis course of. The mixture of instructional assist, scaling alternatives, and a beneficiant profit-sharing mannequin makes FTMO an interesting alternative for critical merchants.
In the event you’re contemplating becoming a member of FTMO, do not forget that success requires self-discipline, adherence to guidelines, and constant buying and selling efficiency. Able to take the problem? Click on right here to start your journey with FTMO.
Get Began with FTMO