Details
Established: | 2017 |
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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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Traders Reviews
Great company!!
Great company, trustable
Service use: Live
Length of use: 3-6 Months
FTMO Metrics stopped for daily loss while i was in profit
Service use: Live
Length of use: Have not used
I was on a euro usd hedged trade while overall the long was more than short; when i took profit i went to check the metrics and they marked that i violated a daily loss rule. which by all means was deeply wrong , even taken into account the hedged short. I know they talk about the floating loss however I even willingly took the unplanned and floating loss (which it was not planned to be so but i wanted to prove my point of not being in loss of 2500 USD) to show and prove to their team that overall that equity and balance were still viable. So I took it and overall I was at 48250,
The support responded one day later, and they were not helpful at all. No retest, nothing , very cold message that you could see were some copy paste of what they generally send.
I feel cheated on, as my decision to apply with them was due to the many post i read on this website;
My experience is not similar to what I read here
FTMO WITHDRAW HIT BANK
Service use: Live
Length of use: 3-6 Months
Horrible Service
Service use: Live
Length of use: 0-3 Months
FTMO is
Service use: Demo
Length of use: 0-3 Months
I have, since 2019 November, been attempting to get a FTMO account and finally in my second attempt I managed to get one.
The process of getting the account after completing the verification took a little while, however by April 1st I had my login details, and as it was the first of the month and you get paid every 30days, I thought it made sense to open a 0.01 lot postion to ensure payment on may 1st
On May 1st, after making a profit of $2,593 for the first month , I got sent an email to complete an invoice to process my payment. Now although it took a little while, most likely because the 1st fell on the weekend therefore I had to wait for till the Monday, when the payment finally arrived in my account in my national currency of the £. Later on that day I received my refund from the third party you first pay to when purchasing the challenge.
Overall FTMO is perfectly sound, and what they say they do is exactly what they do. I myself was skeptical at first, and even with the payment not coming till Monday, me being an anxious person did get a little worried especially as it was my first payment but everything was fine and I finally received my first ever payment from Fx after a long time of studying. I would highly suggest to anyone who feels they are capable of completing the challenge and verification to use FTMO services and attempt their challenge .
Trustable
Service use: Live
Length of use: 6-12 Months
Received first full profit-spit payment
Service use: Other
Length of use: 0-3 Months
A 5 star Company for traders
Service use: Live
Length of use: 0-3 Months
I was also sceptical about my profit split because it was €12.040,00 ( 12thousand euros) and guess what? i received them in just 1 working day + they refund you the fee of challenge.
What else you can ask ? you have a huge amount to trade with + they cover all the losses..of course you have to be very disciplined and follow the rules to not violate the maximum daily/monthly loss.
Thank you to Mr. Otakar Suffner Ceo and cofounder of Ftmo and to all the team for support.
Very strict with the rules, but highly professional
Service use: Live
Length of use: 3-6 Months
Can highly recommend for disciplined traders!
UPDATE REGARDING PREVIOUS POST . TECHNICAL ERROR
Service use: Live
Apr 14, 2020 - 1 Star FTMO please respond .
I would like to share my experience with ftmo . I opened a 10000$ challenge account . There has been a mistake with them . My account no 19899969
The daily maximum loss = closed position + open position floating p/l . Which shouldn’t go above 5% of the initial capital on anytime of the day . So here it goes I will explain it clearly all my trades closed today on 14th of April 2020 .I had a equity of 10002$
1 . Eurusd opened on 13th of April closed it today on 14th . Had a loss of 254$ . The trade had stop loss . And it got triggered .
And I still have a room to have a loss of 246$
I checked the metrix it showed I can lose 500 maximum loss today . So I opened the today’s trade and all went in loss . And all had a stop loss . So it is determined keeping in mind that if I cross the loss above 5% I will be out of the challenge .
I took the trades 2 ) usdjpy closed with -52.97$ . Stop loss triggered
3) usdjpy closed break even .
4) usdjpy closed -64.12 sl triggered
5) usdjpy closed -69.70 sl triggered
All together losses of the closed positions is 463.28 . Keep in mind I have all my trades with stoploss . So I know how much I’m losing . Open floating and closed position my trades never went above -463.28$ . But they have stopped my challenge. Saying I have violated the maximum daily loss . Which I haven’t . I hope FTMO will look into it and solve the problem as earliest as possible .
If you don't realise this is a scam then you are quite some idiot.
Service use: Other
Length of use: Have not used
110% Legit Prop Firm - A++ Customer Service
Service use: Live
Length of use: 3-6 Months
I completed the final verification in March and was awarded by Fund Account. Initial Profit split and Challenge Fee was paid out in less than 48 Hours.
I would highly recommend their services.
Funded Trader
Length of use: 0-3 Months
Very good!
Service use: Live
Overall, my experience with FTMO has been positive, their customer service are very quick, the payment method was super fast, personally, I choose Paypal and it was 1 day of waiting, everything as the contract says!
I would recommend FTMO Challenge for any traders who is seriously looking to get funded. Thank you FTMO team!
FTMO : until now, all seems ok
Service use: Live
Length of use: 0-3 Months
I succeed after the 3rd challenge and the 2nd Verification. I just ended my first month as an FTMO funded trader. I traded carefully and my only goal was to end the month profitably to test the serious of the company.
Now, and after the reception of the split profit (70%) and the refund of the Challenge fee, I can trustfully testify that FTMO is a honest and serious company for serious traders.
Great way to start trading bigger capital
Service use: Live
Length of use: 3-6 Months
Best opportunity ever
Service use: Live
Length of use: 0-3 Months
My experience with FTMO
Service use: Live
Length of use: 3-6 Months
Absolutly the best co.
Service use: Live
Length of use: 0-3 Months
They always answer , helpful, and absolutely pay always.
Everybody is skeptic at the beginning but after when you got the lots of thousand dollars you do not hesitate anymore or wont be skeptic at all.
Profit Split
Service use: Live
Length of use: 0-3 Months
Great Customer Service and Timely Withdrawals
Length of use: 0-3 Months
super serious
Service use: Live
Length of use: 3-6 Months
I got my first money from FTMO in less than 30 min. after i sent my bill to them. TOP!!
Great Company, Received Profit Split as Promised
Service use: Live
Length of use: 3-6 Months
Good company small issue “floating” fees
Service use: Live
Length of use: 0-3 Months
Legitimate Proprietary Firm
Service use: Demo
Length of use: 0-3 Months
Honest Prop Trading Firm
Service use: Live
Length of use: 3-6 Months
After funding, on my first profit split, I received the Challenge Fee + Profit Split.
Already received 2 Profit Splits with no issues.
FTMO can be trusted as a firm, and to us traders, they offer a great opportunity.
They still have things to improve, which I'm sure they will in the future, and I'm happy to work with them as a trader and grow together.
Better than blowing up your small accounts with high leverage, if you are looking for serious capital and serious opportunity, take that small account money, and invest in FTMO Challenge.
Cheers to all!
FTMO - Upgraded to 5 Stars Prop Firm!
Service use: Demo
Length of use: 0-3 Months
Mar 11, 2020 - 1 Star Be careful when you pay for FTMO challenge, it is too good to be true. Before their own platform LMAX, we couldn’t know they set their MetriX software to hunter your max daily loss by not updating. And LMAX is not allowed traders to close orders and you see a lot of ghosts orders in your trading account with aggressively loss. This is perfect combination Then you fail they get your money (this is a model of business how they make money, not making money by sharing profits from trading). They knew that but they don’t seriously take care problems or change broker for you ( it is “you take it then you have to live with it “). So be careful, I am going to dispute the money as: “item as not described”. Horrible platform FTMO LMAX
serious SCAM
Service use: Live
Length of use: 0-3 Months
The best proprietary trading firm, perfect withdrawal.
Service use: Live
Length of use: 6-12 Months
ftmo payment review
Service use: Live
Length of use: 0-3 Months
Worth more than 5 stars!!!
Service use: Live
Length of use: 6-12 Months
Great Company
Service use: Live
Funded Trader
Service use: Live
Length of use: 0-3 Months
Good program but account matrix was not working costing me my challenge
Service use: Other
Length of use: 0-3 Months
https://ibb.co/4sfxY98
Basically i was 15 dollar over the daily loss limit, FTMO account matrix was not working that night and as you know daily loss limit is floating p/l and finalized p/l for that day.
So if you are doing this challenge be careful of this rule, its quite tricky especially if your trading style involves a lot of hedging positions.
And you simply cannot rely on their account matrix working either.
Excellent, Trustworthy Company
Service use: Live
Length of use: 0-3 Months
Of course, some rules are needed in order for this to work. Unlike similar other companies, their rules are clearly described and also the support is always happy to help with any questions.
What I like most about FTMO is that they do not require any specific trading style and the wide choice of (reputable!) brokers. You can trade all instruments that are supported by one of their brokers. Even EAs are allowed.
My overall experience with them is superb. They are an honest company and I already received my first profit payout only 2 days after I invoiced it. I can only recommend FTMO and truly hope that they keep up the great work!
Sharing my first withdrawal with FTMO!
Service use: Live
Length of use: 0-3 Months
Since the day I have started using there prop services all has gone as expected!! After meeting all the requirements I passed to a founded account.
Withdrawal was really fast and also received the refund of the subscription fee.
Same day arrival for the funds. Also client service is really fast that can help you out in case you have any doubts.
So if helps or clear anyones doubts on FTMO
In my case all has gone really good !
Now time to work on second withdrawal and also might hire a second account and start again the challenge, as they allow to grow up accounts till 300k which is a perfect amount of funds to trade without risking your own capital ( most important of all)
Good luck in your trading journey !
Funded trader
Service use: Live
Length of use: 0-3 Months
Very good and sincere company
Service use: Live
Length of use: 0-3 Months
Would say it a very good place for you to learn trading with discipline as you would not want to loss the account after passed the challenge which is very good if future you got your own fund and you can trade the same way with more consistent profit rather then you do not know how to cut and handle your loss when needed which is normal for new as well as old trader.
If you compare with other funded company, you would find the rules set by FTMO is more sincere and wanted you to success. Payment for challenge is refunded after got funded with first profit rather then need you to pay monthly with very limited lots tradable which mean either you are right or you are wrong or you got to trade very small lot which would be very hard to meet the objective.
FTMO is the best proprietary firm!
Service use: Live
Length of use: 0-3 Months
I’m a Proud FTMO Trader
First Profit split received today!
Service use: Live
Length of use: 0-3 Months
Payment received!
Service use: Live
Length of use: 0-3 Months
Thank you to all the team and Otakar at FTMO, so far they have allowed me to become a full time trader and to enjoy the passion it brings
FTMO FUNDED ACCOUNT
Service use: Live
Length of use: 0-3 Months
My name is Sami and I am a funded trader at FTMO. I have multiple accounts with them and did the challenge+ verification multiple times. December 8th 2019 was the first time I asked for my profit split and the man who is responsible for giving me my part of the profit (who is also the co-founder of FTMO (Otakar Suffner))did it exactly on time. I sent an invoice and received all my profit split,which is 70% of my account profit, on my paypal account two days after I have sent my invoice.
So far, this company has been extremely legit and their customer service support center is without a doubt 5/5.
I dont know how to send screenshots in this review but I would definitely do it if some of you guys know how.
PS : (Sorry for my broken english as its my third language lol).
My first payment from FTMO
Service use: Live
Length of use: 3-6 Months
Hopeful of decent profit split coming month on wards...
Client area analysis is quite useful in improving the performance and I am sure of making good profits here on wards.
Oct 19, 2019 - No Rating I have just passed the challenge by FTMO.
Its a great tool to bridge the gaps that are holding me from trading success.
Its passing criteria sets you on disciplined path yet in a relaxed pace.
Just 10 trading days to puch in a month and just 50% profit days to make!
Focus on daily loss and absolute loss limits and profit target of 10% is a given thing.
I liked whole process of challenge and I strongly recommend it to all serious traders out there who wish to make a trading success with consistent results.
FTMO trader review
Service use: Live
Length of use: 0-3 Months
FTMO Great opportunity for forex, commodity, index traders
Service use: Demo
Length of use: 0-3 Months
Service use: Live
Length of use: 3-6 Months
Professional and Credible
Service use: Live
Length of use: 6-12 Months
FTMO - Funding for serious traders
Service use: Demo
Length of use: 0-3 Months
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?
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 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.
Service use: Live
Length of use: 3-6 Months