FTMO reviews - Challenge, profit sharing, account scaling and traders ratings.
5 star review by AB Trading, United Kingdom
Everything was so simple, quick and efficient. Communication from the support team at FTMO is excellent.
I would recommend FTMO to any traders looking for additional capital to trade with
What is FTMO?
FTMO is a prop firm (Proprietary Trading Firm) that lets qualified individuals to trade company's funds for the share of profit.
FTMO qualification for traders consist of two steps:
- FTMO Challenge- this is a basic evaluation of traders skills and discipline. Participants of the challenge need to pay fees that vary based on the selected account size, leverage, and the risk mode.
- FTMO Verification is a second step that follows successful completion of the challenge. Verification is free, the rules resemble the Challenge rules with the longer time interval and half the profit target
Successful FTMO traders are paid up to 90% of the generated profits monthly and also entitled for account scaling up plan of 25% capital increase every 4 months with no cap.
FTMO has a number of tools to help the traders:
- Mentor App
- Trading Journal
- Statistical App
- Equity Simulator and more
Read FTMO Reviews below and if you are FTMO trader who has passed the challenge please share your experiences with this prop firm.
|Contact:||firstname.lastname@example.org, +44 2033222983|
FTMO Most Helpful Customer Reviews
Attention Forex traders
I want to share my unfortunate experience with FTMO, a prop trading firm. I had two accounts with them, and when I made significant profits of $15000 on one account and $19000 on other account, they refused to make my payments, claiming it was due to "over risk exposure." Even I strictly abide by the contract.
Despite following their guidelines and making several request to release my share, FTMO withheld my well-deserved profits. This left me disappointed and frustrated, as I believed in their promise of profit sharing.
I urge you all to be cautious when dealing with FTMO, will suggest you all to avoid this firm. While they might offer enticing opportunities, there's a risk of encountering issues like mine, where rightful payments may be withheld without proper justification. They even refused to resolve this matter in very unethical and unprofessional way.
Always thoroughly research and consider the reputation of any funding firm before entrusting them with your trading career. Don't let my experience discourage you, but rather let it serve as a reminder to stay vigilant and informed in the forex trading world.
Wishing you all success and profitable trading.
Best Way to Raise Your Capital
The best funded accounts company
After 11 months with a lot of efforts I was able to work seriously like really seriously and finish the first 2 challenges of acc size of 50k.
After that I made new plan of winning 500Usd per day for next 2 weeks, and take my first profit for New Years Eve. Everything went well I can say 90%.
When the Profit Split day came I had more emotions then when I lost or passed the challenges because even my friend were withdrawing money I just couldn't believe I did it.
The day came that i was ok with my account and I decided to withdraw on BTC. the whole process took 3 days to recieve my money. During that time I opened 3 tickets with support and I went on live chat twice a day, I was in kind of "hurry" because I just wanted a proof that it works more than I cared for money. During all this process the team of FTMO was just great in their response. NOW Im working toward my second withdraw Im relaxed and all I hope is that this will last forever.
On the second withdraw I will buy another challenge and continue to do it until I will reach the merge of maximum accounts that is allowed.
I would recommend FTMO, All the way up becuase its worth working specially because of daily loss rules, because its easier to manage yourself combined with personal emotions.
Ps. I was 4th on the list of all traders on the day I chose to withdraw on accounts of 50k!
Incredible for profitable demo traders/break even traders
I honestly didn't think it was going to happen this soon, I thought I was going to be taking challenge after challenge but the "disconnect" between me and the money in the account really allowed me to tap into something I never felt before.
Someone from the FTMO team reached out to me today asking to leave a review because people think prop firms are scams. Honestly a lot of them probably are but in my opinion FTMO is the most professional/vouched prop firm out there.
If you are a profitable trader without big funds or even a break even trader, I would highly recommend trying out a challenge because that mental push you get might be all you need to finally reach profitability.
I gain nothing from writing this review they aren't paying me to write this or incentivizing me in anyway. I'm literally writing this because it might help someone who's still debating on whether or not to try a challenge. (Start with a small challenge like 10k or 25k if you don't have the funds for a bigger acc.)
Recent User Reviews of FTMO
FTMO live account
So far, the cooperation has been going well. I recommend FTMO to everyone who is looking for reliable partner.
Definitely The Best Prop Frim!
FTMO is a safe company.
Just like every other Proprietary firm, F.T.M.O. is NO different... Lot of newbie Traders fall into the TRAP of FALSE ADVERTISING of YouTube videos showcasing BIG AMOUNTS of PROFITS made and paid.
Most of the winners on F.T.M.O. channel are ONE HIT WONDERS.... I BET 99% of their ONE HIT WONDERS from YOUTUBE have LOST their F.T.M.O. account, with the Company's under the radar... DECEPTION TACTICS, or LEFT THEM...You can personally CONTACT and ask all the F.T.M.O. ONE HIT WONDER winners you saw on YouTube if they are still with F.T.M.O. after 1 to 2 years of winning the Challenge.
1) F.T.M.O offers $200k DEMO CHALLENGE for €1080. The SAME account is offered in GBP with £140k, again for the SAME FEE of €1080. That's £24,000 LESS...in EXCHANGE RATE, which is a HUGE CHUNK of MARGIN AMOUNT... LOST for Trading. It's on their website.
2) Once you PAY FOR THE DEMO CHALLENGE and PASS THE CHALLENGE in GBP, they do NOT LET you transfer back... to DOLLAR ACCOUNT. Mind you IT'S JUST A DEMO ACCOUNT....NOT A REAL ACCOUNT. F.T.M.O gives Traders stupid excuses AS IF...DEMO ACCOUNT is a REAL ACCOUNT. Please CHECK the website for yourself and ask them yourself.
3) DO NOT BE FOOLED by reading on their F.T.M.O. website that they paid out 167 MILLION....That PAYOUT is NOT.... TO PROFITABLE TRADERS.... it's PAID to AFFILIATE BUSINESS MEMBERS.
Even if you ADD UP all the F.T.M.O. YOUTUBE VIDEO winners, you will NOT come up to that figure. That 167 MILLION PAYOUT is for AFFILIATE PROGRAM they run alongside the CHALLENGES for a FEE. CHECK their website right at the BOTTOM...They have Bronze, Silver, Gold, Platinum COMMISSIONS paid to PEOPLE who TRAP and BRING their friends and family members to F.T.M.O. website to PAY for their CHALLENGES...
4) Czech Republic is NOT even on the WORLD STAGE of FINANCE and NOT A BANK... to FUND MILLIONS of TRADERS from 180 countries. DO NOT BE FOOLED. Their INCOME is through CHALLENGE FEES...
£1 gives you 28 Czech koruna.
5) F.T.M.O. is NOT... for DAY TRADERS. They FREEZE Ctrader PLATFORM during FAST MOVING MARKETS- Charts are working but they FREEZE BUY/ SELL buttons, when you are in a PROFITABLE...open position and DON'T LET YOU CLOSE positions till it goes back into NEGATIVE territory. They give stupid excuses of LIQUIDITY issues. THERE ARE NO LIQUIDITY ISSUES IN FOREX.... FOREX is the MOST LIQUID...TRILLION DOLLAR Industry.
6) When you are PROFITABLE with 5 FIGURES..., they ASSIGN A MANAGER to your account, to keep a WATCH...on your Challenge Account. I CAUGHT THEM OUT as I had all my 3 DEMO F.T.M.O. platforms OPEN - MT4, MT5 and cTrader along with my F.T.M.O. DEMO CHALLENGE ACCOUNT.
F.T.M.O..FROZE my ctrader PLATFORM several times... and I COULD NOT CLOSE MY PROFITABLE POSITION which JUMPED 1000 points in my favor due to Israel war.
They did it like 20 TIMES for an HOUR and a HALF the SAME DAY... When I TOLD them they need to STOP this PLATFORM FREEZING, they told me to send Log reports to investigate, AS IF... they are SO INNOCENT...and they don't know anything about it... They ACT....VERY INNOCENT...DO NOT FALL for their NAIVE TACTICS...
7) Please Remember...F.T.M.O is a RETAIL...TRADERS PLATFORM...They FEED the PROFESSIONAL TRADERS... with RETAIL TRADERS LOSSES...thereby GAINING BUSINESS COMMISSIONS...from LIQUIDITY PROVIDERS, which serve their BUSINESS PURPOSE.
8) F.T.M.O. makes MILLIONS...in CHALLENGE FEES because it's open in 180 countries and YET THEY ARE GREEDY...for MORE...
9) Just like you put CHEESE as BAIT to TRAP the MOUSE...F.T.M.O. follows the EXACT... same policy. Just like the CASINO does, F.T.MO. let's a FEW to CASH IN on some profits to ADVERTISE on YOUTUBE and BAIT...NEW INNOCENT TRADERS. They make MORE PROFITS...In COMMISSIONS and CHALLENGE ACCOUNT FEES...than the ACTUAL F.T.M.O account they say....they offer. Check with the OWNER of F.T.M.O. and SEE for yourself.
10) In Prop Trading, it is VERY VERY RARE to find TRADERS who stay with the SAME PROP FIRM for more than 2 to 3 years because SOONER or LATER they find out... how the PROP FIRM DECEIVES...them with their hard earned profits through their HIDDEN SMALL PRINT POLICIES.
11) ADVICE to all WANNABE Traders...Do NOT FALL for the BAIT of ONE HIT WONDER PROFITS shown on YouTube videos and all the FREE WEEKLY RECAP EMAILS to distract your attention. F.T.M.O. firm is just like any other PROP FIRM out there looking out for THIER OWN BUSINESS INTERESTS and NOT YOURS...even though THEY ACT ALL INNOCENT....AS IF... they opened their bucket shop to FORCE their MONEY INTO YOUR POCKET ...
TRADERS...DO NOT GET ALL EMOTIONAL BECAUSE YOU LOST THE CHALLENGE and the FEES and go for a REVENGE CHALLENGE account. F.T.M.O. Owner enjoys when you DONATE them FREE EUROS in the NAME of CHALLENGE...as all PROP FIRMS DO...That is their MISSION...to take money from your pocket... and slip it into their pockets. F.T.M.O. is a WOLF... in sheep's clothing.
12) You don't know the character of your girlfriend till she moves in with you. Similarly, you don't know this F.T.M.O. company till you PAY for the challenge...and EXPERIENCE it. Be vigilant. Peace...
FTMO is the #1 Prop Trading Firm
Frequently Asked Questions
What is FTMO?
Is FTMO good and regulated?
- Is FTMO a good company?
Please come back often as company services are very dynamic and can improve or deteriorate rapidly.
Additionally, we'd recommend to check recent FTMO community discussions: https://www.forexpeacearmy.com/community/tags/ftmo/
- Is FTMO regulated?
In other words, there is no designated government or non-government body to supervise the activities of FTMO or to resolve complaints. .
Who can join FTMO?
FTMO accepts traders from all over the world as long as they are willing to join.
What brokers does FTMO accept?
Traders have choices of their own brokers or the FTMO partnered brokers.
How does FTMO work?
- Step 1: Challenge - Participants have to to succeed here to advance into the Verification stage. Prove their trading skills and discipline in observing the trading objectives and strict rules set by FTMO.
- Step 2: Verification - Participants continue trading to pass the Verification and get ready for trading the FTMO's funding partner's capital.
- Step 3: FTMO Trader - Participants become traders of the FTMO Trading firm. Trade and receive 70% of the profits generated by their trading.