FTMO Review

4.524 · 193 REVIEWS
Updated: Dec 3, 2020 · FTMO.com  · Is this your company?


Established: 2017
Contact: support@ftmo.com, +44 2033222983

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FTMO.com profile provided by FTMO support, Jun 13, 2018

We look for serious traders. We provide you a capital to trade with. Receive up to $100,000 account. You get 70% of profits. We cover the losses. Join today at FTMO.com


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4.524 · 193 REVIEWS
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Let other traders know if this service is worth checking or should be avoided.

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Traders Reviews

Somewhere-in, USA,
Jun 24, 2020,

Recently Funded, Overall Positive Experience.

Service use: Live

Length of use: 0-3 Months

Overall I've had a very positive experience trading with FTMO. Every chance they have they provide excellent support. I have been funded and received my first profit split along with a full refund for the cost of the challenge and am looking forward to completing additional challenges and growing the account.

Their LMAX data feed has had some issues which understandably isn't ideal but they do offer to review your trade logs and will compensate you accordingly if you've been negatively affected. Keep in mind this issue resides with the data feed, not FTMO, and so far I've only experienced it on two days.
london, United Kingdom,
Jun 13, 2020,
Registered user

Great Idea!

Service use: Live

Length of use: 0-3 Months

I like the idea of FTMO and currently trying out the challenge. I take it on a 10k account you dont really have 10K to trade with more like 10K buying Power with a max loss of 10% (funded&challenge) which is a little on the downside for me.

Secondly, you have to trade a min of 10 trading days so around 2 weeks (mon-fri) but if a trader reaches his profit target within 5 days then why not let the person advance onto the next stage? i understand they want to check the consistency of the trader but i think they need to let them just progress onto the next stage..


i understand they dont really want traders to pass in quick time but if a trade is going our way and running into profit we wont just close it because ftmo want to see how consistent we are ?

however besides that FTMO is a great platform to get funding with less capital if you can prove you can profit constantly and the possibilities are endless. you can make good money from this and the fact that we get an opportuinty to do so is lovely.

Weston Super Mare, United Kingdom,
Jun 12, 2020,
Registered user

So glad I found this company!

Service use: Live

Length of use: 0-3 Months

F.T.M.O has been the best trading decision that I have ever made. It took me a few attempts at the challenge before passing but that was my fault as I simply was not ready and made stupid mistakes. Mostly money management and trying to rush and complete it too quickly.

I have been funded with them just over a month now and I received my first profit split and my challenge fee two days ago. Their customer service is nothing short of excellent which gives me massive peace of mind!

I will be doing two more challenges very soon and then I plan to combine all of them into one account.
Devon, United Kingdom,
Jun 11, 2020,
Registered user

Great oppotunity for people with trading skill but low capital

Service use: Live

Length of use: 0-3 Months

So I've had my first withdrawal which came through very fast and the team contacted me very professionally explaining how to proceed with the invoice etc.
Great company couldn't recommend for a young trader like myself 20 years old taking home $6,700.
Amazing working towards a $300k account
New Hampshire, USA,
Jun 10, 2020,
Registered user

Serious Problem - Unrealistic Expectations

Service use: Other

There is a really serious problem with this company's requirements to graduate past the initial funded account size. A 34.5% annualized return rate (in 10% four month intervals) is required to move up from the initial 100k to a 175k account in the first year. Don't believe me? Here is their wording taken directly from https://ftmo.com/en/scaling-plan/

"Capital increments on the FTMO account take place in four-month cycles. For a capital increase, the trader has to gain at least 10 added percent points in four consecutive months (i.e., the average of at least 2.5% gain per month)."

This is BAD for two reasons:
1. It is difficult for conservative traders with minimal drawdown to increase their funding. These are the traders most wanted by hedge funds, so it begs the question of what FTMO's goals and motivations might be.
2. It forces traders to "take shots" at increasing their funding, and this may force traders to deviate from their optimal money management strategies.

My advice to improve your advancement/scaling model:
Reward traders for consistency over bi-annual or annual periods. You can still keep the 4-month increase model, but if you have traders who consistently bring in 15-20% year after year who are staying at the initial 100k, they will be gone like the wind. You are ensuring that you lose some of your best traders. But then again, maybe your business model does not rely on profitable trader retention.
  1 trader has found this review helpful
Maryland, USA,
Jun 3, 2020,
Registered user

Trustworthy and Consistent

Service use: Live

Length of use: 0-3 Months

FTMO is awesome. I first heard about them exactly a year ago and got very excited about the idea of receiving a large amount of capital to trade for very little risk (something all of us beginning traders obviously struggle with). I first ran through their free trial a few times to see if I could pass the challenge. After feeling confident enough, I ran my first challenge this past February for $10,000 of capital. After passing the challenge, I proceeded on to the verification stage (which was much easier), and finally received the live account a little over a month ago. Although I only made a little bit of profit my first month, they were true to their word and gave me my 70% portion. I received the profit in my Skrill account a few days ago and withdrew to my bank account to really make sure it was real. I also received the refund for the challenge fee back on my credit card. So far everything has been exactly as they've advertised and the communication is fast and reliable. I truly only have good things to say about this team. I've felt welcomed and a part of them since day one. I'm currently running a $50,000 aggressive challenge to hopefully secure some more capital and increase my profitability. I'm looking forward to a long and healthy relationship ahead with them.
Ipoh, Malaysia,
Jun 3, 2020,
Registered user

Trusted company and simple to use website

Service use: Live

Length of use: 0-3 Months

I joined this company for USD50k challenge on Feb 2020. Ended my first profit split on May 2020. Received my profit split and joining fee's refund in 3 working days. Overall experience was positive. Need to read the trading rules carefully. Would be even better if the leverage is higher than 1:100. A good company for those who wish to be fulltime trader. Thanks to CEO Otakar who keep in touch with me.
Oslo, Norway,
Jun 2, 2020,
Registered user

100% legit business

Service use: Live

Length of use: 0-3 Months

I am a professional forex trader with my own company. I looked into prop trading and decided to give FTMO a try. I liked the terms and the fact that they don't limit their traders and have very few restrictions.

I have now traded with them on a funded account for a month. Profit split and challenge fees were paid to my bank account in less than 48 hours.
No issues, great customer service.

They are 100% trustworthy.
Bangkok, Thailand,
Jun 2, 2020,
Registered user

I received refund and 2 months of profit split.

Service use: Live

Length of use: 3-6 Months

This company is legit. I have been trading as a funded trader for FTMO for 2 months now. I received 2 payout in a row thanks to FTMO !!
Lagos, Nigeria,
Jun 1, 2020,
Registered user

FTMO is 100% legit

Service use: Live

Length of use: 3-6 Months

I did a complete journey of funding and withdrawal on my YouTube Account. This is legit I got $6k+ on my first withdrawal this is 100% legit

Frequently Asked Questions

What is FTMO?

FTMO is a company that runs a program where traders can pay a fee to trade FTMO's real funds under rules set by FTMO and get paid with percentage of the profits they generate by trading.

Is FTMO good and regulated?

  • Is FTMO a good company?
Unbiased traders reviews on ForexPeaceArmy is the best way to answer if FTMO is a good or serious company. https://www.forexpeacearmy.com/forex-reviews/15019/ftmo-forex-training

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?
FTMO is not a broker. FTMO is not regulated or licensed by any government or non-government bodies.

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 doesn't require any qualifications from traders who want to join FTMO.

FTMO accepts traders from all over the world as long as they are willing to join.

What brokers does FTMO accept?

FTMO doesn't impose restrictions on the broker where the trading challenge and verification are carried on.

Traders have choices of their own brokers or the FTMO partnered brokers.

How does FTMO work?

3 main steps illustrate how FTMO works. Keep in mind, to participate this program, participants have to pay a fee.

  • 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.