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
Very good
Service use: Live
Length of use: 0-3 Months
Ftmo Live Account/ Profit Split
Service use: Live
Length of use: 0-3 Months
Recently Funded, Overall Positive Experience.
Service use: Live
Length of use: 0-3 Months
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.
Great Idea!
Service use: Live
Length of use: 0-3 Months
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..
EXAMPLE- 1K PROFIT TARGET REACHED WITHIN 5 DAYS = 5 DAYS STILL LEFT TO TRADE- ( THE TRADER IS NOT GOING TO TRADE WITH NORMAL LOT SIZES AND RISK GETTING INTO A LOSS WHILST HES PASSED THE CHALLENGE.. SO TO ME I THINK IT WOULD BE OKAY IF THEY WOULD LET THE TRADER ADVANCE TO 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.
GOOD LUCK !
So glad I found this company!
Service use: Live
Length of use: 0-3 Months
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.
Great oppotunity for people with trading skill but low capital
Service use: Live
Length of use: 0-3 Months
Great company couldn't recommend for a young trader like myself 20 years old taking home $6,700.
Amazing working towards a $300k account
Serious Problem - Unrealistic Expectations
Service use: Other
"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.
Trustworthy and Consistent
Service use: Live
Length of use: 0-3 Months
Trusted company and simple to use website
Service use: Live
Length of use: 0-3 Months
100% legit business
Service use: Live
Length of use: 0-3 Months
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.
I received refund and 2 months of profit split.
Service use: Live
Length of use: 3-6 Months
FTMO is 100% legit
Service use: Live
Length of use: 3-6 Months
Very good company for prop trading
Service use: Live
Length of use: 3-6 Months
My journey with FTMO
Service use: Live
Length of use: over 1 Year
First to say it wasn't easy for me and it took me little bit more than one year (4 challenges to try) to get funded account.
I have started in November 2018 with 40k EUR challenge account and failed it.
Then I took another one challenge in January 2019 (50k USD this time) and failed it as well.
Then I took a pause till the April 2019. This time I took 50K USD challenge and passed it! WOW :) But I have failed the verification :(
Then another one pause till January 2020 where I took one more challenge.
100k USD this tame. And here we go, I passed it. This time I couldn't afford to fail Verification. Here we go again, I passed it. :)
Less than one week for sign the contract and account configuration and finally I become FTMO funded trader in February 2020.
I've made 7% of profit first month,received my first profit split and challenge fee refund as well. I took 2 business days for withdrawal with
Bank transfer.
My second month with funded account wasn't so lucky. I finished with drawdown at the day of my profit split. But I was rewarded on my third month. Next month I am going to get additional 25k on my trading account due to scaling plan.
Now matter how long would it take you to get to your target. You will be rewarded at the end.
Novenber 2018 Challange https://ftmo.com/en/metrix/1123055066/?sharer=54a403d48
January 2019 Challange https://ftmo.com/en/metrix/1123066838/?sharer=3df538154
April 2019 Challenge https://ftmo.com/en/metrix/22505189/?sharer=2d5512ec4
May 2019 Verificarion https://ftmo.com/en/metrix/22506643/?sharer=b4830346c
January 2020 Challenge https://ftmo.com/en/metrix/11176958/?sharer=952319b64
January 2020 Verification https://ftmo.com/en/metrix/11184728/?sharer=f78789164
Febfuary 2020 Funded account https://ftmo.com/en/metrix/11191356/?sharer=e3b6728d2
Myfxbook reccord of 100k funded account:
http://www.myfxbook.com/members/nikitin/ftmo-funded/4850795
First Profit Received
Service use: Live
Length of use: 0-3 Months
Best decision I could ever made to go with FTMO !
Service use: Live
Length of use: 3-6 Months
Amazing professional company!
Service use: Live
Length of use: 0-3 Months
I would highly recommend FTMO to anyone looking for that jump start in their trading career who don't have the capital to begin with.
FTMO
Service use: Live
Length of use: 0-3 Months
Very happy with the process, and have received my first profit split and re
Service use: Live
Length of use: 3-6 Months
Highly Recommended
Service use: Live
Length of use: 3-6 Months
FTMO are the best prop firm around!
Service use: Live
Length of use: 0-3 Months
The risk management objectives that they outline are more than fair and the fact your cut is 70% in favour of the trader just shows how much they value the trader over themselves!
Can’t recommend them enough!
FTMO is legit!
Service use: Live
Length of use: 0-3 Months
Super happy with FTMO
Service use: Live
Length of use: 3-6 Months
They have been extremely helpful with a few questions I had, responding to all my inquiries very quickly.
Anyone looking for a good prop firm with the potential for solid returns, I would highly suggest FTMO. Although the first challenge was, well challenging, I think it is well worth it. I think the challenge actually helped me improve and become more aware of my risk involved in my trades. The potential for decent returns in a reasonable amount of time is better than any other prop firms I have traded with.
Looking forward to growing with FTMO.
confirming that you have received your profit share + the fee
Service use: Live
Length of use: 0-3 Months
I confirm that I have receive my first profit share + the fee ( refundable fee).
Also very fast to processing payment... in VERY PROFESSIONAL way
UGO
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: 6-12 Months
Just a quick note to offer some reassurance from a complete stranger.
I have read a few people doubting that FTMO will pay out on profits and refund. My wife was one of those sceptics!
I have 2 100k accounts with FTMO. The profit share and refund was paid out promptly on both accounts.
The team at FTMO answer queries quickly and have been professional throughout.
Trading with FTMO is changing my life. I started off as a naive trader, thinking I could turn my own money in to a big pot to live off. Now I know better, FTMO is helping me actually achieve those aims.
I thought I was disciplined in my trading before FTMO but using their rules really pushed me to analyse in more detail what I was doing wrong. Make no mistake, don’t dive in to this thinking it will be easy. It is challenging but it was the challenge I needed to become consistently profitable.
My personal trading approach involves sometimes holding positions over the weekend which I can’t do with FTMO but understandable as to why they don’t allow this.
All the best