FTMO reviews - Challenge, profit sharing, account scaling and traders ratings.

4.424 • 714 REVIEWS
Prop Firm
Updated: Feb 29, 2024
FTMO.com

5 star review by AB Trading, United Kingdom

Just received my 1st profit split payout from FTMO last week and what can I say?

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.

Details

Established: 2017
Contact: support@ftmo.com, +44 2033222983
4.424 • 714 REVIEWS

FTMO Most Helpful Customer Reviews

M
Mk994422
Burewala, Pakistan,
Jul 27, 2023,
Registered user

Attention Forex traders

Service use: Live Length of use: 3-6 Months
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.
MOHSAN KJURSHEED
6 traders have found this review helpful
H
hyper1510
Florida, USA,
Feb 21, 2023,
Registered user

Best Way to Raise Your Capital

Service use: Live Length of use: 3-6 Months
Often I see people aiming for 50+% profit, however in my opinion its much easier to do 3-5% profit, the only problem with this is that 3-5% on small accounts barely amount to anything. What FTMO lets you do is to make large amounts of capital with only 3-5% profit monthly (if u have the skills to make 10% in a month for the challenge). This is by far the best way to make a living from trading if you dont have the capital. I have received my first payout + my refund so I can assure you they’re legit.
1 trader has found this review helpful
C
Cj_avenger1
Ventress, USA,
Feb 2, 2023,
Registered user

Ftmo legit!!

Service use: Live
Ftmo is everything that they say they are. Their team is very helpful, understanding, and even shows leniency when unexpected in certain cases. In the beginning i was worried that when my payouts got larger, they would start giving me a hard time or start coming up with some nonsense to make it harder for us, but no, ive been getting my payouts on time with no hassle, and they are really changing many peoples lives across the world. I truly appreciate them for sure. Thanks again ftmo, yall are the BEST!!!! Definately highly recommended.
A
andizm
Pristina, Kosovo,
Jan 25, 2023,
Registered user

The best funded accounts company

Service use: Live Length of use: over 1 Year
I was proposed to use FTMO excatly 1 year ago after I finished forex training. To be sincere I lost a lot of challenges because I was in hurry. ( I advice to take it easy and make a plan how much you want to win every week/month, and split it on daily basis.)
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!
S
Snowboy.frosty
Virginia, USA,
Jan 18, 2023,
Registered user

Incredible for profitable demo traders/break even traders

Service use: Live Length of use: 0-3 Months
I took the 25k challenge back in September 2022. I passed in October, and went on the pass the verification in December. I was super excited to be funded because i've been trying to trade for a really long time without much success at all. I feel like the pressure of trying to make money would get in the way of actually focusing on trading and sticking to my rules. I already completed 1 month of trading and received my first payout.

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

K
Khulgen03
Ulaanbaatar, Mongolia,
Feb 5, 2024,
Registered user

FTMO is the best!!

Service use: Live Length of use: 6-12 Months
I've been trying to pass FTMO challenge almost a year now. Fortunately, I've passed the challenge and verification steps last month. I received my first profit split just recently and it was surreal. I'm very happy about receiving my first profit split and looking forward keep trading at my best. For me FTMO is the best funded program out there in terms of price, platform, analysis and many more. I'm very appreciated with working with them.

Thank you,
Khulgen B.
Z
zman4444nyc
New York, USA,
Jan 31, 2024,
Registered user

received my 3rd payout in full from FTMO as promised

Service use: Live Length of use: over 1 Year
I just received my 3rd payout in full from FTMO as promised from a $200k account, the prior 2 were in December. I've tried other firms, and looked into others as well, and FTMO is so far the best I've found to work with. Other firms that I've tried with a live a account after qualifying, or that I've closely looked into, you get severely limited by your leverage once you are live, because although they claim high leverage such as 30:1, what they don't advertise is that they impose "contract limits", which in many cases limit your leverage to less than 1:1, but that you don't find out until you finally get a live account, that happened to me at another firm which was extremely frustrating. So I'm very grateful that I found FTMO, a firm I can trust, that lives up to their word exactly as promised.

However, the only issue now is that US citizens aren't able to buy new challenge accounts to scale up account size, because of US restrictions, so I'm really hoping FTMO will find a solution again soon for US based traders.
I
iansqo
Nairobi, Kenya,
Jan 22, 2024,
Registered user

FTMO have declined my Funded account

Service use: Demo Length of use: over 1 Year
FTMO have refused to avail my account on account of KYC.  FTMO have outright denied me the account and the refund despite passing both stages.

I launched an appeal after my account was disabled. I have sent a request to obtain a passport to replace the ID in the verification. Awaiting Response. Evén murder cases have an appeal. They declined

I have done over 10 challenges from August 2020 and failed them for over $2000 which is almost my annual salary in Kenya.

I have provided them with all documents requested but the AI has declined all of them. I am verified with other prop firms and forex brokers.  The AI claims my documents are forged or counterfeit. I have offered to have them notarized, I have offered to show them the government website. They have declined.

I do not wish to continue be-labouring the point. I know what KYC means and its intentions. If FTMO really wanted to solve this matter, they would. I am a kenyan citizen paying all relevant taxes, using banks and all other services.  Sumsub, their kyc provider can even do a document free verification if they wanted. They can do a live one-on-one call with me. They have many options.

When I purchased their challenges, I agreed to their terms and conditions which they themselves drafted. There is no mention of KYC. I acknowledge the importance of KYC but in accepting my invoice for the challenge, they also accepted that if I do not break the trading rules, they would prove me with a funded account.

If FTMO feels I do not qualify for a KYC verification, they least they can do is to stop prolonging the process and give me a refund so I can either trade it with a broker or try another company. I can purchase another account with my current prop firm. I have not broken any rules in their GTC, and thus I expect a fair outcome.

"Following are your order details:

Order no. 19263392 from 18 Nov 2023

You have ordered the FTMO Challenge in the value of 50 000 USD with the following parameters:
Account Type FTMO Swing
Platform MetaTrader 4
Account size 50 000 USD"

I bought a product which I have not received.
2 traders have found this review helpful
E
elusakin
Lagos, Nigeria,
Jan 20, 2024,
Registered user

CONFLICT OF INTEREST

Service use: Other Length of use: Have not used
After going through their website and reading the fine details, I realized that the challenge or funded accounts are all simulated. That is, none of the orders is actually sent to the market.

Think about this before you give them your money and expect gazillions back from them.
1 trader has found this review helpful
E
Estherxx07
Netherlands, Netherlands,
Dec 22, 2023,
Registered user

Owner makes threats

Service use: Demo Length of use: 0-3 Months

I had made attempts to post my review on Trustpilot and all of them got removed even though i did verify that i was not lying they still deleted it which stated that the owner was making threats.

I had paid €1080 for a 160,000 challenge and i was invited to leave a review on the company and i always leave a honest review and i do not like to lie about my experience.

I had stated not ideal for scalping and i myself did not find the spreads to be the best, that was my experience. In turn resulted in the owner constantly sending me emails, making threats of getting my account restricted and disabled if I didn’t delete my reviews, which in turn resulted in me keeping it open, i don’t appreciate someone making threats because i shared my personal experience, he claimed my review was ‘harmful’

After that message i decided to just stop replying and he constantly kept sending emails stating that i could not reply to the emails they would restrict my account, and they did. My €1080 is gone and they don’t plan on refunding it because of my simple and harmless review.

To steal someone’s money, because of an honest review which i was invited by their automated email to share my experience i find if very strange, i honestly would not recommend them and i will never use them in my life anymore.
1 trader has found this review helpful

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.