FTMO is a proprietary trading firm that supports stock traders and is among the fastest-growing prop firms online. It started when day traders Marek Vašíček and Otakar Šuffner joined forces in Prague to develop trading systems in 2014. Initially, the company’s name was Ziskejucet.cz. However, the two got funding for the venture, and the name became FTMO.
- Sizable profit splits
- Comprehensive customer support systems
- Traders have several account sizes to choose from
- Many advanced trading tools
- Flexible leverage and tight spreads
- There are four trading platforms to choose from
- A wide range of educational resources
- A large trading community for support and networking
- Opportunity to become a salaried professional trader
- Challenging evaluation process
- High fees for challenges
- Strict risk management rules for traders
- Not focused on stocks
FTMO allows traders to trade stocks in a simulated environment. This means that you will trade in a demo account. However, when you make profits, you split the rewards with traders getting up to 90%.
To become an FTMO trader, you must go through a process. First is an evaluation stage, where you are challenged and verified. After passing the evaluation stage, you get access to up to $200,000 to trade stocks in a simulated environment. Moreover, for successful traders, a scaling plan increases your account balance.
Furthermore, traders can become professionals and work with firms like Quantlane, which gives a salary.
The challenge in the evaluation stage has key trading objectives. Meanwhile, the verification has simplified trading objectives that each trader must stick to before becoming an FTMO trader. The challenges have fees ranging from 155 euros to 1080 euros, depending on the account balance.
FUNDING PROGRAM OPTIONS
FTMO offers traders different funding options. The smallest account balance is $10,000, and the largest is $200,000.
$10,000 ACCOUNT
For the $10,000 account, traders get an unlimited trading period. This means you can take as much time as necessary to complete your challenge and verification. However, there is a minimum number of days to trade before moving to the next step. In 4 days, a trader must open at least four trades at a minimum.
The maximum daily loss for this account is set at $500. Traders have a daily stop loss of 5% from the initial balance. This max daily loss includes open positions, which should never go beyond -$500. Therefore, the max loss is calculated by adding all closed positions for the day with the open positions. Moreover, this value resets every day at midnight.
Furthermore, traders cannot lose more than $1000 or 10% of their initial balance. This figure is the account stop loss. Therefore, your equity must always stay above 90%. This figure is also an addition of all closed and open positions.
Meanwhile, the profit target for this account is set at 10% or $1000. However, this value drops to 5% or $500 for the verification stage.
Finally, when traders successfully complete the challenge, they get a refund of the 155 euros fee with their first reward.
$25,000 ACCOUNT
For the $25,000 account, traders get an unlimited trading period. The minimum trading days remain at 4. The maximum daily loss for this account is set at $1250. Traders have a daily stop loss of 5% from the initial balance. It includes open positions, which should never go beyond -$1250. This value resets every day at midnight.
Traders cannot lose more than $2500 or 10% of their initial balance. This figure is also an addition of all closed and open positions. Meanwhile, the profit target for this account is set at 10% or $2500. However, this value drops to 5% or $1250 for the verification stage.
Finally, when traders successfully complete the challenge, they get a refund of the 250 euros fee with their first reward.
$50,000 ACCOUNT
For the $50,000 account, traders get an unlimited trading period. The minimum trading days here are also 4. This account’s maximum daily loss is $2500 or 5%. This maximum daily loss includes open positions, which should never go beyond -$2500 and resets every day at midnight.
The account’s maximum loss is $5000 or 10%. This account stop loss also adds all closed and open positions.
Meanwhile, the profit target for this account is set at 10% or $5000. However, this value drops to 5% or $2500 for the verification stage.
Finally, when traders successfully complete the challenge, they get a refund of the 345 euros fee with their first reward.
$100,000 ACCOUNT
For the $100,000 account, traders get an unlimited trading period. They must trade for a minimum of four days before proceeding to the next step.
The maximum daily loss for this account is set at $5,000. This max daily loss includes open positions, which should never go beyond -$5,000. This value resets every day at midnight.
Furthermore, traders cannot lose more than $10,000 or 10% of their initial balance. This figure includes all closed and open positions.
Meanwhile, the profit target for this account is set at 10% or $10,000. However, this value drops to 5% or $5,000 for the verification stage.
When traders successfully complete the challenge, they get a refund of the 540 euros fee with their first reward.
$200,000 ACCOUNT
For the $200,000 account, traders get an unlimited trading period. Traders must complete four days of trades like in the previous accounts.
This account’s maximum daily loss is $10,000 or 5%. This maximum daily loss includes open positions, which should never go beyond -$10,000. This value resets every day at midnight.
The maximum account loss is $20,000 or 10%. This figure is the account stop loss and is also an addition of all closed and open positions.
Meanwhile, the profit target for this account is set at 10% or $20,000. However, this value drops to 5% or $10,000 for the verification stage.
When traders successfully complete the challenge, they get a refund of the 1080 euros fee with their first reward.
ADDITIONAL DETAILS
FTMO offers traders more, including a scaling plan, a premium programme, education, and performance coaches.
FTMO SCALING PLAN
With the FTMO scaling plan, traders can move from a profit split of 80% to 90%. You can increase your account balance by 25% every four months by meeting all the requirements. The maximum account balance for traders is set at $2,000,000.
The requirements include four months of trading, a 10% net profit, two processed rewards, and a positive balance.
FTMO PREMIUM PROGRAMME
The FTMO premium programme gives you more opportunities as a stock trader. The prime status gives traders a maximum capital allocation of $600,000 and a special certificate, among other benefits.
The supreme status is an upgrade from prime status. Here, traders get a maximum capital allocation of $1 million, a physical badge of achievement, and an opportunity to move to Quantlane.
Finally, FTMO allows traders to work with Quantlane, a traditional prop firm. Here, traders get a 2-year contract with a salary and a trading station in Prague, among other benefits.
FTMO EDUCATION
The prop firm also offers different educational resources, including a blog with trading articles. However, the best is the FTMO Academy. Here, beginners can gain skills and experience in the trading world. The academy has a structure for learning where traders can get maximum value.
FTMO PERFORMANCE COACHES
Additionally, FTMO has performance coaches who study traders’ decisions and guide them to improve results. Performance coaches focus on what is holding a trader back from doing better.
STOCKS OFFERED ON FTMO
- (AAPL) Apple
- (AIRF) Air France
- (ALVG) Allianz AG
- (AMZN) Amazon Com
- (BABA) Alibaba
- (BAC) Bank Of America
- (BAYGn) Bayer AG
- (DBKGn) Deutsche Bank
- (META) Meta Platforms
- (GOOG) Alphabet Inc Class C
- (IBE) IBERDROLA
- (LVMH) L.V.M.H.
- (MSFT) Microsoft
- (NFLX) Netflix
- (NVDA) NVIDIA Corp
- (PFE) Pfizer
- (RACE) Ferrari
- (T) At&T
- (TSLA) Tesla Motors
- (V) Visa
- (VOWG_p) Volkswagen AG
- (WMT) Walmart
- (ZM) Zoom Video Communications Inc
Cash CFDs
- (AUS200.cash) Australia 200 Index
- (US30.cash) US 30 Index
- (SPN35.cash) Spain 35 Cash Index
- (EU50.cash) Euro Stoxx 50 Index
- (FRA40.cash) France 40 Index
- (GER40.cash) German 40 Index
- (HK50.cash) Hong Kong Index
- (JP225.cash) Japan 225 Index
- (US100.cash) US Tech 100 Index
- (US500.cash) US 500 Index
- (UK100.cash) UK 100 Index
- (UKOIL.cash) Crude Oil Brent Cash
- (USOIL.cash) West Texas Intermediate Crude Oil Cash
- (US2000.cash) US Small 2000 Index
- (COCOA.c) Cocoa
- (COFFEE.c) Coffee
- (CORN.c) Corn
- (SOYBEAN.c) Soybean
- (WHEAT.c) Wheat
CUSTOMER REVIEWS
FTMO has an excellent score of 4.8 on Trustpilot, with 92% 5-star reviews and 3% 1-star reviews
5-STAR REVIEW
Andres Lira
“After passing my FTMO challenge and verification stage, I closed my first month in profit, and the withdrawal was completed within two business days without any problems. I have been working with FTMO since 2022.”
1-STAR REVIEW
Filippo
“I am a professional trader operating from Dubai. This prop earns if you lose the challenge or the verification. After that, they will raise the spread a lot to make you earn less or lose. S&P00 0.80 (futures is 0.25). For ten operations, you will pay 0.80 for 2 1.60. for ten operations, 16 points. Having said that, it is up to you to choose whether to use this prop!!!”
CONCLUSION
FTMO is among the most trusted prop firms with a high Trustpilot score. However, stock traders do not get the best trading conditions since they do not focus on stocks.
