FTMO is a reputable and established prop trading company that began operations in 2015 in the Czech Republic. It enables traders to improve their trading skills by using high-balance demo accounts (up to $200,000). Designed specifically to discover and nurture trading talent, the company offers advanced tools and services to create an ideal environment for professional traders.
Company Motto and Philosophy
FTMO’s core motto is to provide fair and transparent opportunities for traders in financial markets. After successfully completing its unique evaluation process, traders can professionally manage large capital accounts. Additionally, FTMO allows traders to receive up to 90% of the simulated profits from their trades. The very best traders even have the opportunity to join the FTMO Premium Programme and work as professional traders at Quantlane—one of the most reputable prop trading firms.
History and Ownership
FTMO was founded in 2015 in Prague, the capital of the Czech Republic, by Mark Mandík. Mandík, an experienced professional trader with extensive expertise in financial markets, established the company with the goal of educating and empowering traders. Since its inception, FTMO has secured a prominent position in the prop trading industry and has become one of the leaders in the field.
Mark Mandík and his team have successfully garnered the trust of thousands of traders worldwide by utilizing advanced technologies and innovative risk management methods. To date, the company has received multiple awards, including “Best Prop Trading Company.”
FTMO’s Plans and Fees
FTMO offers several distinct plans for traders, each with its own specific conditions. The following table summarizes these plans:
| Account Balance (USD) | Challenge Fee (EUR) | Maximum Daily Loss (USD) | Maximum Overall Loss (USD) | Challenge Profit Target (USD) |
|---|---|---|---|---|
| 10,000 | 89 | 500 | 1,000 | 1,000 |
| 25,000 | 250 | 1,250 | 2,500 | 2,500 |
| 50,000 | 345 | 2,500 | 5,000 | 5,000 |
| 100,000 | 540 | 5,000 | 10,000 | 10,000 |
| 200,000 | 1,080 | 10,000 | 20,000 | 20,000 |
These plans are designed to meet the diverse needs of traders, and the fees associated with each plan are reimbursed to the trader upon successful completion of the challenge. A key point to note is that FTMO does not impose any time limit for completing these challenges.
The FTMO Evaluation Process
The evaluation process consists of four main stages designed to help traders fully demonstrate their skills:
- FTMO Challenge:
Traders must adhere to specified trading targets and demonstrate their skills by following strict risk management rules. This stage is designed to educate and develop trading skills. - Verification:
In this stage, traders must confirm their abilities by meeting simpler profit targets. The profit target in this stage is half that of the Challenge stage, while the loss rules remain unchanged. - FTMO Trader:
Successful traders gain access to an FTMO account with high balances and can receive up to 90% of the profits from their trades. - Professional Trader:
The top-performing traders have the opportunity to join the professional Quantlane programme and work as institutional-level traders. These professional traders, in addition to receiving a fixed salary, benefit from advanced features such as customized trading platforms and coaching sessions.
Trading Rules and Objectives
FTMO has established clear trading rules and objectives that traders must follow at each stage. These rules are as follows:
- Maximum Daily Loss:
Traders must not lose more than 5% of their account balance in a single day. - Maximum Overall Loss:
The total losses of a trader must not exceed 10% of the account balance. - Profit Targets:
Traders are required to achieve a 10% profit in the Challenge stage and 5% profit in the Verification stage. - Trading Period:
Although traders can complete the challenge without a time limit, they must remain actively trading for a minimum of four days.
Features and Facilities
FTMO provides a wide range of features to support traders, including:
- Diverse Trading Platforms:
Support is offered for MetaTrader 4, MetaTrader 5, cTrader, and DXtrade. - FTMO Academy:
A comprehensive educational program that offers various courses to enhance traders’ skills. - Performance Coaching:
Coaching sessions aimed at improving traders’ psychological skills and trading strategies. - Advanced Analytical Tools:
These include detailed analytical reports and comprehensive charts. - Fee Reimbursement:
The challenge fees are reimbursed to traders upon successful completion of the challenge. - FTMO Premium Programme:
An exclusive opportunity for professional traders seeking to reach the highest levels of skill and performance.
Advantages and Disadvantages
Advantages:
- Flexible Conditions:
Suitable for both professional and beginner traders. - Advanced and Diverse Trading Platforms:
Offers cutting-edge tools and platforms. - Clear and Transparent Risk Management Rules:
Ensures that risk is managed effectively. - Fee Reimbursement:
Challenge fees are returned to successful traders. - Professional Support:
Extensive support services are available for traders.
Disadvantages:
- Sanctions on Iranian Traders:
Due to international sanctions, the services of FTMO are limited for Iranian traders.
FTMO, with its diverse plans, transparent trading rules, and advanced facilities, is an attractive option for professional traders seeking to advance in the world of prop trading. The company’s focus on education and trader support creates an ideal environment for skill development. However, strict adherence to its rigorous rules requires experience, patience, and precise risk management.
For a more comprehensive understanding of other prop trading firms and to compare them, you can visit our website (Fundfa) to access more detailed information.