Since 2015, FTMO has made a big mark in forex trading. It’s known for its tough FTMO Challenge. This challenge lets traders show their skills and win real money. Traders can use up to $200,000 in fake money and keep up to 90% of their profits.
FTMO has made over 173,000 trading accounts. This shows it’s a trusted name in the industry. Starting July 1st, traders can try the $10,000 FTMO Challenge for just €89. This makes it easy to start in the funded trader program.
FTMO uses top trading platforms like MT4, MT5, cTrader, and DXtrade. It offers low spreads and small commissions. This makes it great for traders who want to be precise and efficient. The Premium Programme also gives traders more benefits, like doubling their balance and keeping 90% of profits.
The FTMO Academy offers free online lessons on trading. These lessons cover everything from the basics to advanced topics. Traders also get support from Performance Coaches to improve their trading skills.
The FTMO Blogger shares trading tips, success stories, and how to improve trading psychology in weekly articles. All these features make FTMO a key platform for forex trading success.
About FTMO and Its History
FTMO is a top proprietary trading firm that has changed the trading world since 2015. It started in the Czech Republic as a project by university students who loved trading. Now, it helps traders all over the world with great forex market education and new trading tools.
The Origin of FTMO
Four friends, Filip, Tomáš, Marek, and Otakar, started FTMO in 2015. They named it after their first names. They wanted to help new forex traders do well. Their idea quickly caught on with traders all over the world.
Early Goals and Vision
FTMO set out to be different from other trading firms. The founders wanted to give traders great forex market education. They built a place where traders could grow by getting support and resources.
Development Over the Years
FTMO has reached big milestones, making it a top proprietary trading firm. In 2017, it grew globally. Then, in 2023, it got stronger with new tech and marketing wins.
FTMO moved to a big new place in Prague in 2022. It now has over 150 workers and offers amazing trading tools and forex market education.
| Key Milestones | Details |
|---|---|
| 2015 | FTMO founded in the Czech Republic by four university students. |
| 2017 | International expansion begins. |
| 2022 | Moved to new premises in the Quadrio complex, Prague. |
| 2023 | Acquisitions of Quantlane and eVisions. |
| 2023 | Payouts to successful traders exceed 75 million USD. |
FTMO keeps innovating and helping traders succeed. It offers great services and helps move prop trading forward.
How FTMO Challenge Works
The FTMO Challenge lets traders show their skills in a safe and structured way. It includes setting up the challenge, following trading goals and rules, and getting big benefits.
Setting Up the Challenge
To join the FTMO challenge, traders pick their account size and pay a $150 entry fee for a 10k account. This step helps traders get used to real trading conditions. They get a two-week free trial to test their skills, aiming for up to 17% profit.
Trading Objectives and Rules
The FTMO challenge has clear goals and rules for trading. Traders must hit profit targets in 30 days and follow drawdown rules. If they succeed, they move to the verification phase, getting more time to make the same profit. This helps traders build good trading habits for the long run. They can also trade during news events with a 1:30 leverage swing account.
Benefits of the Challenge
Passing the FTMO challenge brings many rewards. Traders who hit their targets and keep within risk limits get funded accounts. They can trade with real money and take out profits monthly. FTMO takes 20% of these profits. The challenge also gives traders important trading insights and tools for growth. The free trial lets traders improve their skills for live forex markets.
| Entry Requirement | Details |
|---|---|
| Account Size Selection | Choose desired account size, pay entry fee of $150 for a 10k account |
| Trading Period | 30 days to meet profit targets under strict drawdown rules |
| Free Trial | Two weeks with potential 17% profit |
| Verification Phase | Double the time to achieve the same profit target |
| Profit Withdrawal | Monthly, with 20% profit going to FTMO |
| Leverage Options | 1:30 leverage, news trading allowed |
The FTMO Evaluation Process
The FTMO evaluation process makes sure traders can hit their goals and manage risks well. It has two main parts: the FTMO Challenge and the Verification phase. These steps check a trader’s skills and discipline. They also get traders ready for a real FTMO trading account.
Understanding the FTMO Challenge
The first step is the FTMO Challenge. It tests if a trader can meet goals under certain rules. Traders must show they can manage risks by not losing too much money. This is key to moving forward.
Details of the Verification Phase
After the FTMO Challenge, traders go to the Verification phase. This phase has easier money-making goals. It focuses on keeping disciplined trading and managing risks well. Verification makes sure traders can keep doing well before handling more money in a live FTMO account. This phase shows FTMO’s deep check and preparation of its traders.
Importance of Adhering to Rules
Following the rules is very important in the FTMO process. Traders must stick to risk management rules and limits, like risking only 0.5% to 0.7% per trade. These rules help keep traders disciplined and increase their chances of success. Using these rules well has helped many traders overcome challenges and succeed in trading.
| Evolving Through the FTMO Stages |
|---|
| Traders emphasize the importance of self-trust and emotional control for profitable trading. |
| Risk management strategies include risking about 0.5% to 0.7% per trade. |
| Traders aim to advance from initial 100k to 200k and eventually 400k USD challenges. |
| Adherence to trading plans and maximum loss limits is seen as essential for success. |
| Persistence and discipline are identified as key factors for overcoming challenges in FTMO evaluations. |
Becoming a Funded FTMO Trader
After passing the Verification stage, traders become FTMO Traders. This title lets them trade in financial markets without losing their own money. They can earn real profits in a simulated account, helping them become professional traders in funded FX trading.
Getting to an FTMO funded account is easy but strict. Traders must show their ID and address proof. This includes:
- Valid government-issued ID showing nationality
- Proof of address, no older than 3 months
For businesses and legal entities, more steps are needed. These steps ensure everything is safe and follows the rules. They include:
- Identity and address verification with government-issued ID
- Collecting detailed info and supporting documents for entrepreneurs
- Official documents proving the business exists and who owns it
FTMO knows traders come from all over the world. So, it checks documents faster if they use the Latin alphabet. But, documents in other languages might need translating into English or French. This could make things take longer.
FTMO funded account holders get big rewards. They can get up to 90% of the profit they make on their FTMO Account each month. This shows how much FTMO values its traders.
FTMO traders can work from anywhere in the world. They focus on making money, not just a steady salary. This way, they can reach their full potential without the limits of traditional jobs.
The Advantages of FTMO Funded Account
FTMO gives traders many benefits, like a great reward structure. This includes support and tools to help traders make more forex profits. It also helps remove obstacles to success.
Reward Structure
FTMO’s funded account has a reward structure that’s very appealing. Traders can keep a big part of their earnings. They can get up to 80% of profits, or even 90% under some conditions. This means traders get paid well for their hard work.
Scaling Plan
FTMO’s scaling plan rewards traders for doing well over time. If traders make consistent profits and follow FTMO’s rules, their account can grow each month. This plan helps traders increase their trading money. This lets them make bigger trades and earn more.
Profit Splits
FTMO also offers great profit splits and commission rates. With lower spread rates and small trading fees, traders keep more of their forex profits. This clear and good model lets traders focus on their strategies without worrying about hidden costs.
FTMO’s funded account is more than just about making money. It also offers support and resources to help traders succeed. Traders get to use platforms like MT4, MT5, and cTrader. They also get client support in many languages. This makes sure traders can do their best.
Trading Platforms and Tools
FTMO offers many trading platforms for different trader needs. They support MetaTrader (MT4 and MT5), cTrader, and DXtrade. This lets traders pick the best platform for their style. Each platform has special features for both new and skilled traders.
MT4 and MT5 Platforms
MetaTrader is a top choice for FTMO traders. MT4 is simple, stable, and customizable. It’s been popular for over 15 years, especially with FTMO MT4 users. Since 2020, the number of MetaTrader clients at FTMO has jumped by 46%.
But, traders are changing their minds. MetaTrader 5 (MT5) is growing fast, with a 15-fold increase in users since 2020. MT5 is for trading more than just forex and CFDs. It lets traders trade stocks and commodities directly and connects to many markets.
MT5 has more timeframes (21) and tools (82) than MT4. It supports complex trading strategies like Fill or Kill orders. The platform is great for traders who want advanced features. It also lets developers create add-ons and algorithms with MQL5, a C++ language.
cTrader and DXtrade
cTrader is getting more popular, with interest almost quadrupling since 2020. It’s easy to use and has features that make trading simpler. Its design and interface are user-friendly, making it a strong competitor in the FX trading market.
DXtrade was launched in November 2023. It has a web interface with over 90 indicators and many customization options. DXtrade changes how traders use online platforms with its strong analytical tools. It helps traders develop and execute trading strategies easily.
Analytical Tools
Good trading needs strong analytical tools. FTMO offers tools to help traders do better. The FTMO Quick Trade Manager is for MetaTrader and makes trading easier. It shows important info like OHLC and spread.
FTMO keeps trading fair by offering execution delays up to 200ms. This simulates real market conditions. They also have the same execution settings for all clients. This makes trading transparent and fair for everyone.
The Role of Trading Psychology in FTMO
Trading psychology is key for FX market traders, especially in the FTMO Challenge. It shapes a trader’s mindset and how they make decisions. A strong mindset helps traders deal with market ups and downs and stay calm.
Research shows that 100% of traders believe trading psychology is vital for their plans. Handling feelings like fear and anxiety is hard but important for clear thinking. Inner struggles and psychological hurdles can mess with trading discipline and make it hard to handle losses.
Tools like Mark Douglas’s “Trading in the Zone” help traders stay disciplined. This book talks about the gap between what traders think and what they do. Being aware of this gap and finding balance is key to trading well.
FTMO’s performance coaching helps traders beat bad habits. For example, 100% of traders who stick to a strict risk plan show the importance of controlling emotions. They agree that having the right attitude is key to trading success.
Trader Axel talks about the importance of managing emotions during the FTMO Challenge. Traders like Frank and Natalia also show how a disciplined mindset helps them meet their goals and stay consistent.
In short, for FX market traders, trading psychology is a must-have skill. With 100% of traders saying new traders should work on their mental strength, it’s clear a stable mindset is more important than just knowing the market. Understanding and using trading psychology can greatly improve a trader’s performance.
Risk Management Principles at FTMO
FTMO’s core is a strong risk management framework. It’s key to how they check trades. They set strict loss limits to push traders towards a disciplined way of trading. This helps build responsibility and sustainability in trading strategies.
Traders like Hesam, Muhammad, Karen, and Timea show how important these risk rules are. Hesam says setting loss limits has made him more disciplined. Muhammad warns about the dangers of not following a trading plan.
For trading success, key traits are persistence, patience, and discipline. Karen talks about the need for clear goals and sticking to a plan. This keeps traders focused on long-term goals.
Timea talks about the role of good risk management and realistic plans in handling losses. She says staying strong and consistent is key for success. Shahroz also stresses the importance of patience and hard work in finding good trades.
Scaling out is good for new forex traders. It means staying in winning trades longer to make sure you get some profit. But, quitting trades too soon can be bad for your mind.
Setting several profit goals, using trailing stops, or changing how big your positions are are ways to scale out. This method usually has a risk/reward ratio of 3:1 to 6:1. This is less than pyramiding strategies.
FTMO’s risk management and the stories from its traders highlight the need for discipline and good planning. These key elements help traders succeed in the long run.
Educational Resources and FTMO Academy
FTMO offers top-notch trading education through its FTMO Academy. It has a detailed curriculum from basic to advanced trading strategies. This ensures traders get the knowledge and skills needed to do well. The academy has many chapters and categories for traders at all levels.
Course Offerings
The FTMO Academy has four main sections. The Basics cover topics like financial markets, Forex, and trading terms. Forex courses go deeper into market structure and currency pairs.
They also cover trading times, analytical methods, and margin rules. Technical analysis is a big part, with lessons on Japanese Candlesticks and chart types. Traders learn about market trends and using different time frames.
- Financial markets
- Forex basics
- Technical analysis
- Japanese Candlesticks
Sentiment Analysis includes reports like the Commitments of Traders Reports. Fundamental Analysis teaches about economic news and calendars. Advanced courses focus on building a strong trading strategy and managing risks.
Traders can test their knowledge at chapter ends and might get extra bonuses if they pass.
Trading Simulations
FTMO Academy also offers trading simulations. These let traders practice their strategies safely. They get to understand market dynamics without risking real money.
Performance Coaching
FTMO also provides performance coaching. These are one-on-one sessions that offer personalized advice. They help traders deal with mental challenges and stay focused for success.
Coaching aims to build discipline, perseverance, and humility. These are key for forex trading success.
| Course Level | Contents |
|---|---|
| Basics | Financial markets, trading terminology, CFD contracts |
| Forex | Market structure, currency pairs, trading times |
| Technical Analysis | Japanese Candlesticks, chart types, trend detection |
| Advanced | Trading strategy, risk management, trading plan creation |
FTMO Free Trial: An Overview
The FTMO free trial lets traders try out the FTMO Challenge without spending money. It helps traders get used to the FTMO platform. It also lets them test their trading strategies in real market conditions.
Why Opt for the Free Trial
Choosing the FTMO free trial means you can see how the platform works and learn about its rules. You’ll get to see average profits and losses, which is key for making good trading plans.
FTMO clients also get to use the MetriX app and get Account Analysis. This helps traders do well over time. They can look at how successful their trades are, the days they trade, and how profitable they are. This helps them improve their trading.
How to Get Started
Starting a trail account is easy. Just go to the FTMO website and sign up for the free trial. After signing up, you can start learning about the FTMO challenge preview.
The trial shows you what trading with FTMO is like. You’ll see things like how much you can risk and the limits on daily losses. This is similar to real trading accounts.
Success Stories
Many traders have done well thanks to the FTMO free trial. The trial’s detailed analysis helps traders improve their strategies. It shows them what works best for them.
Some traders found their best trading days or times. This helped them make their strategies better. This kind of analysis is key for doing well in real trading.
| Account Balance (USD) | Max Daily Loss (USD) | Max Loss (USD) |
|---|---|---|
| $10,000 | $500 | $1,000 |
| $240,000 | $12,000 | $24,000 |
| $480,000 | $26,000 | $52,000 |
Community and Support: FTMO Discord and More
FTMO has a strong trading community at its core, centered on the FTMO Discord channel. This place is all about working together, learning, and getting the support traders need. It’s set up to meet the different needs and likes of traders everywhere.
Joining the FTMO Discord
Getting into the FTMO Discord is easy and starts with verifying your community membership. This makes sure everyone is safe and supported. Once you’re in, you can easily find and talk with others in different channels.
There’s a special area called 🚀Start Here🚀 with all the basics you need to know. You’ll find welcome messages, rules, and how to get in touch with others.
Accessing Live Support
FTMO makes sure traders can talk to each other and get help anytime. There’s live chat support all day, every day. Plus, you can reach out via email and WhatsApp for more help.
This means traders always have someone to turn to, making the FTMO community even stronger.
Learning from Fellow Traders
The FTMO Discord is more than just a place to chat. It’s where traders share their knowledge and ideas. Channels like “📣┤ Announcements” and “🎓┤ FTMO Academy” keep everyone up to date and learning.
There’s even a 💬Chat Lounge💬 for different languages, making sure everyone feels welcome. And in the 💡trading-ideas channel, under 📊Trade Talk📊, traders share their trading strategies and insights. This helps build a strong community spirit at FTMO.
| Category | Description |
|---|---|
| 🚀Start Here🚀 | Fundamental information including welcome zone, house rules, and contact details. |
| 📚FAQ’s📚 | Frequently asked questions offering a user-friendly interface. |
| 📣┤ Announcements | Updates and insights on crucial trading aspects. |
| 🎓┤ FTMO Academy | Educational content for traders. |
| 💬Chat Lounge💬 | Language-specific channels for native interactions. |
| 💡┤trading-ideas | Sharing of trading concepts and analysis. |
| 💸┤profit-splits | Showcases of FTMO trader success stories and payouts. |
The Impact of FTMO on Professional Traders
FTMO has changed many traders’ paths by offering a structured, supportive place for trading careers. It focuses on risk management and has helped traders grow from beginners to pros.
Trader Alexandre talks about the big role emotions play in trading. This shows how important trading psychology is for doing well in the forex market. Trader Yusuf Al Rasyid found the Verification stage easy but the Challenge hard. He rated his experience with FTMO 9/10 and avoids getting too caught up in charts to stay calm.
Trader Muhammad says fear, greed, and impatience affect trading decisions a lot. He believes controlling these emotions is key. Matthew credits his long-term wins to careful risk management and sticking to his trading plan. This kept him from making decisions based on feelings or ego.
FTMO helps traders of all styles and strategies:
- Scalpers: They quickly enter and leave markets, looking for big wins with good Risk-Reward ratios.
- Day Traders: They trade for a few hours to catch big moves during the day.
- Swing Traders: They keep positions for days to weeks, needing patience.
- Position Traders: They trade for weeks to years, following big market trends.
FTMO offers support, technical help, and tests strategies thoroughly. It uses trailing stops to limit risks during big market moves. This careful approach has helped many traders succeed.
| Trader | Highlights |
|---|---|
| Juan | He made 15 straight payouts without breaking FTMO’s rules. |
| Pepijn | At 19, he earned $76,000 a month by trading with a 1% risk. |
| Paul | He made over $500,000 in payouts with his trading strategy. |
FTMO gives up to $300,000 to traders, helping them beat the problem of not having enough money. This support is key for traders to grow and succeed in the forex market.
Testimonials from Successful FTMO Traders
FTMO is known for its great testimonials from traders all over the world. These stories show how FTMO has helped traders grow in their careers. They talk about making more money and getting better at trading.
Pepe: Young Successful Trader
Pepe is a young trader from the Netherlands. He made a lot of money with FTMO. His story shows how FTMO helps new traders grow.
He said the Verification phase was easier than the Challenge. Many traders agree with him.
“I found the Verification phase to be surprisingly easier than the FTMO Challenge. It provided me with a larger scope to showcase my abilities without the intense pressure of initial qualifications,” remarked Pepe.
Cinthya: Aspiring Hedge Fund Owner
Cinthya from Ecuador wants to own a hedge fund. FTMO has helped her a lot. She passed both parts of the FTMO test. This helped her get better at managing money and risk.
The structured environment of FTMO let her work on her strategies for the long term.
“Proper risk management is the cornerstone of trading success. FTMO’s rules enforced this discipline, which has been pivotal for my growth,” stated Cinthya.
Mugi: Representation from Mongolia
Mugi is a trader from Mongolia who’s doing well on the FTMO leaderboard. His success shows the importance of staying calm and using a good strategy. Mugi’s story shows how FTMO is helping traders from all over the world.
“Trading requires strict discipline and emotional control. FTMO helped me develop these skills, leading to consistent success,” said Mugi.
These stories show how FTMO is helping traders grow and succeed. They focus on following rules, managing risks, and being mentally strong. Traders from all over the world see FTMO as a key part of their journey.
How FTMO Stays Ahead in The Modern Prop Trading Industry
FTMO keeps its edge in the prop trading world with new ideas and partnerships. They work with Quantlane, a group of traders and tech experts. This team trades on global markets, boosting FTMO’s trust and resources. It gives FTMO access to the latest financial tech, helping traders succeed.
FTMO offers trading accounts from $10,000 to $400,000. This lets both new and experienced traders join. After passing the Evaluation Process, traders can manage up to $400,000, helping them grow their careers.
FTMO uses financial tech with their DMA model for direct market access. This gives traders real-time quotes with low costs. It helps reduce risks and increase possible profits.
The FTMO Trial Account supports the trading community. It’s a free chance to practice in a real trading setting. Traders can improve their skills and manage risks better, moving forward in their careers.
Tools like Account MetriX and the Mentor Application help traders keep an eye on their stats. They track trading rules and sizes in real-time. This keeps traders disciplined and consistent for long-term success.
- FTMO’s Premium Programme offers a 90% profit share and up to $1 million allocation.
- Top traders get perks like free FTMO Challenges, quick payouts, and job chances with Quantlane.
- Monthly earnings can be $10,000 to $20,000, supporting a good lifestyle.
FTMO’s FTMO Academy is a key part of their success. It provides education, coaches, and Trader’s Analysis. This helps traders do well in the markets.
| Feature | Description |
|---|---|
| Account Sizes | $10,000 to $400,000 |
| Profit Split | FTMO takes 20%, traders keep 80% |
| Execution Model | Direct Market Access (DMA) with tight spreads |
| Educational Support | FTMO Academy |
| Advanced Tools | Account MetriX, Mentor Application |
FTMO mixes support, tech, and new trading models for success. This approach proves FTMO is a top prop trading firm focused on its traders’ success.
ftmo: Your Final Step to a Successful Trading Career
Starting forex trading can feel overwhelming, with 90% of traders losing their money in the first three months. FTMO is a key platform for those wanting to beat these odds. It offers tough trading tests and gives traders a lot of money to trade with. This helps traders grow from beginners to pros.
FTMO helps avoid common trading mistakes like poor risk management and emotional decisions. The FTMO Challenge aims for a 10% monthly gain, teaching traders to be consistent and disciplined. Successful traders say following rules and managing emotions are key. So, FTMO gives traders a way to succeed and learn how to avoid common mistakes.
For traders ready to take the next step, FTMO offers big opportunities with its strategic plans and rewards. Traders can start with accounts up to $400,000, helping them handle the pressure of trading. With support and a community of professionals, FTMO gives traders a strong base for long-term success in the FX markets. Sign up with FTMO to start your journey to a successful trading career.