FTMO
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Pros and Cons
- Extremely low spreads
- Access to proprietary trading capital after successful challenge
- High leverage up to 1:100
- No deposit or withdrawal fees
- Instant account opening after challenge completion
- Available on MT4 and MT5 platforms
- Comprehensive educational resources
- No regulation by any financial authority
- No Islamic account option
- Limited advanced trading features
Introduction to FTMO
FTMO has redefined trading by introducing a platform that bridges the gap between talented traders and the financial markets.
Unlike traditional brokers, FTMO operates as a proprietary trading firm, empowering skilled traders by funding their accounts upon passing a rigorous evaluation process.
This approach eliminates the need for traders to risk their own capital, focusing solely on strategy and profitability.
For African traders, where access to significant trading capital is often limited, FTMO represents a unique opportunity to showcase trading expertise and grow financially.
By offering account sizes up to $200,000 with an attractive profit-sharing model and advanced trading tools, FTMO ensures traders have the resources to excel.
This review delves deep into FTMO’s features, evaluation stages, account types, and advantages, providing a clear picture of why it stands out in the global trading landscape.
Start the FTMO ChallengeFTMO’s Proprietary Trading Model
The foundation of FTMO’s success lies in its proprietary trading model, which differentiates it from conventional brokers.
Traders are not required to deposit their own funds but instead undergo a two-step evaluation process to qualify for a funded account.
This innovative model allows FTMO to identify skilled traders while assuming all financial risks involved in trading.
Why FTMO’s Model Stands Out
- No Risk for Traders: Traders trade on FTMO’s capital, with no personal monetary losses.
- Evaluation-Based Approach: The structured process ensures that only disciplined and consistent traders qualify for funding.
- Profit Sharing: Successful traders enjoy up to an 80% profit split, significantly higher than most competitors.
FTMO Challenge: The First Step
The FTMO Challenge is the initial phase of the evaluation process.
It tests traders’ ability to achieve a profit target within specific rules and timeframes, emphasizing discipline and risk management.
Key Highlights of the FTMO Challenge
- Profit Target: Traders must reach a profit goal within 30 calendar days.
- Risk Management: Daily loss limits and overall drawdown limits ensure disciplined trading.
- Refundable Fee: The fee for taking the Challenge is refunded upon successful completion.
- Account Sizes: Traders can select account sizes ranging from $10,000 to $200,000.
FTMO Challenge Comparison Table
The table below outlines the key parameters of the FTMO Challenge based on different account sizes:
| Account Size | Profit Target | Daily Loss Limit | Overall Loss Limit | Fee | Duration |
|---|---|---|---|---|---|
| $10,000 | $1,000 | $500 | $1,000 | $155 | 30 Days |
| $25,000 | $2,500 | $1,250 | $2,500 | $250 | 30 Days |
| $50,000 | $5,000 | $2,500 | $5,000 | $345 | 30 Days |
| $100,000 | $10,000 | $5,000 | $10,000 | $540 | 30 Days |
| $200,000 | $20,000 | $10,000 | $20,000 | $1,080 | 30 Days |
Verification Stage: Validating Performance
The Verification stage is the second step in the evaluation process. Here, traders need to demonstrate consistency while achieving a lower profit target over 60 days.
This stage ensures that traders can maintain their performance under less stringent conditions.
Key Features of the Verification Stage
- Reduced Profit Target: The profit goal is halved compared to the Challenge stage.
- Longer Duration: Traders have 60 calendar days to achieve their goals.
- Consistent Rules: Daily loss limits and overall drawdown limits remain unchanged.
Account Types
FTMO offers a unique account structure that focuses on evaluation and funding rather than traditional account types found with brokers.
Their model revolves around enabling traders to access large capital without risking their funds.
This is particularly beneficial for traders in Africa who often face challenges in acquiring significant trading capital.
FTMO accounts are categorized based on the funding available and the evaluation requirements.
Traders must complete a two-step process before being granted access to FTMO-funded accounts. Below is an overview of the account structure:
Evaluation Stage
- Phase 1: FTMO Challenge – Traders are required to meet specific profit targets within a set time frame while adhering to drawdown and loss limits.
- Phase 2: Verification – A lower profit target must be achieved with the same risk parameters, ensuring consistency and discipline.
FTMO Funded Account
Once traders successfully complete the evaluation, they are granted access to a funded account.
These accounts come with the following features:
- Account Sizes: Up to $200,000.
- Profit Split: Traders keep up to 80% of profits earned.
- Scaling Plan: Account size can be increased by 25% every four months if performance criteria are met.
- Leverage: 1:100, ensuring flexibility in trading.
Comparison of FTMO Accounts
| Account Feature | FTMO Challenge | Verification | Funded Account |
|---|---|---|---|
| Profit Target | 10% | 5% | No Target |
| Drawdown Limit | 10% | 10% | 10% |
| Leverage | 1:100 | 1:100 | 1:100 |
| Profit Split | N/A | N/A | Up to 80% |
| Scaling Plan | No | No | Yes |
Trading Platforms and Tools
FTMO provides access to industry-leading trading platforms and proprietary tools designed to enhance performance and ensure traders meet their goals.
These platforms and tools are particularly useful for African traders, enabling seamless trading and efficient analysis.
Supported Trading Platforms
FTMO supports the following trading platforms:
- MetaTrader 4 (MT4): A globally recognized platform offering advanced charting tools, automated trading capabilities, and a user-friendly interface.
- MetaTrader 5 (MT5): The successor to MT4, MT5 includes additional timeframes, enhanced order types, and improved analytical tools.
- cTrader: Designed for ECN trading, cTrader provides robust charting capabilities, algorithmic trading support, and direct market access.
Proprietary Tools
FTMO goes beyond standard platforms by offering proprietary tools to help traders improve performance and meet evaluation criteria:
- FTMO Account Metrix: This tool tracks trading performance, providing insights into profit/loss ratios, risk management, and trade consistency.
- Trading Journal: A dedicated space for traders to log and analyze their trades, helping identify areas of improvement.
- Economic Calendar: Integrated with FTMO platforms, the economic calendar keeps traders updated on market-moving events.
- Market Analysis Tools: Comprehensive tools for technical and fundamental analysis, tailored for both novice and advanced traders.
Comparison of Platforms
| Feature | MT4 | MT5 | cTrader |
|---|---|---|---|
| Automated Trading | Yes | Yes | Yes |
| Charting Tools | Advanced | Advanced | Robust |
| Order Types | Standard | Enhanced | Enhanced |
| Timeframes | Limited | Expanded | Flexible |
| Market Access | Broker Dependent | Broker Dependent | Direct ECN |
Special Tools for Funded Traders
FTMO provides additional resources exclusively for funded traders, including:
- Real-Time Risk Monitoring: Enables traders to monitor drawdowns and ensure compliance with FTMO’s rules.
- Performance Feedback: Personalized feedback to help traders refine their strategies.
- Priority Support: Dedicated support channels for faster resolution of queries.
By combining advanced platforms with proprietary tools, FTMO ensures that traders have access to the best technology available, enabling them to meet their performance goals and succeed in the global trading arena.
FTMO Account Features and Benefits
Upon passing the evaluation, traders gain access to FTMO funded accounts, which include the following features:
- Account Sizes: Choose from $10,000 to $200,000 accounts.
- Profit Sharing: Up to 80% of profits are retained by traders.
- Scaling Plan: Account balances increase by 25% every four months for consistent performance.
- Diverse Markets: Trade forex, stocks, indices, commodities, and cryptocurrencies.
- Risk-Free Trading: FTMO absorbs all losses, ensuring peace of mind for traders.
Support and Educational Resources
FTMO provides exceptional support and educational resources to help traders improve their skills and understand the proprietary trading model.
These resources are particularly valuable for traders in Africa, where access to advanced trading education is often limited.
The firm ensures that every trader, regardless of their experience level, receives the tools they need to excel.
Customer Support
- 24/7 Availability: FTMO’s customer support is available around the clock, ensuring that traders can get assistance whenever needed.
- Multilingual Support: With support available in multiple languages, FTMO caters to a diverse global audience, including African traders.
- Multiple Contact Channels: Traders can reach the support team via live chat, email, and phone for quick resolutions to their queries.
Educational Tools
- Trading Academy: FTMO’s online trading academy includes tutorials, webinars, and articles to help traders master various strategies.
- Risk Management Tips: Comprehensive guides on maintaining discipline and adhering to risk limits.
- Performance Analytics: The FTMO Account Metrix tool offers deep insights into trading performance, enabling traders to identify strengths and weaknesses.
Regulation and Safety
One of FTMO’s standout features is its emphasis on safety and transparency.
As a proprietary trading firm, FTMO does not operate like traditional brokers, which means traders do not deposit their funds directly.
Instead, the firm assumes all trading risks, making the platform a safer option for skilled traders.
Advanced Tools for Traders
FTMO offers state-of-the-art tools designed to enhance trading performance and ensure success.
These tools are particularly useful for traders looking to refine their strategies and maintain consistency.
FTMO Account Metrix
The FTMO Account Metrix tool is a comprehensive performance tracking system. It provides detailed insights into metrics such as:
- Daily and overall profit and loss.
- Risk management adherence.
- Trade duration and frequency.
- Performance consistency.
Trading Journals and Analytics
FTMO encourages traders to maintain a trading journal. By analyzing historical trades, traders can identify patterns, refine strategies, and enhance their decision-making processes.
The platform also provides access to advanced analytics tools, ensuring that every trader has the data needed for informed trading.
FTMO in Africa: A Game Changer
FTMO’s presence in Africa has opened up opportunities for traders who previously faced barriers such as limited access to capital and educational resources.
The firm’s profit-sharing model and risk-free trading environment have made it an attractive option for African traders aspiring to build successful careers in trading.
Why FTMO Appeals to African Traders
- Low Entry Barriers: Traders can start with minimal fees, which are refunded upon successful completion of the evaluation process.
- Supportive Environment: FTMO’s educational resources and 24/7 support provide a strong foundation for traders.
- Profit Opportunities: With up to an 80% profit split, African traders can significantly enhance their earnings.
Conclusion and Final Thoughts
FTMO has revolutionized the trading landscape with its innovative approach to proprietary trading.
By eliminating the financial risks associated with traditional trading and providing access to significant capital, the firm empowers traders to focus on strategy and performance.
For African traders, FTMO represents a pathway to success, combining world-class tools, supportive resources, and a lucrative profit-sharing model.
Whether you are an experienced trader looking to scale your operations or a novice aiming to test your skills in a risk-free environment, FTMO offers the perfect platform.
Its emphasis on discipline, consistency, and growth makes it a standout choice in the global trading arena.
Take the first step towards a rewarding trading career with FTMO today.
Join FTMO TodayBroker Comparison Table
This table provides a comprehensive comparison of various brokers, highlighting key features such as the availability of demo accounts, minimum deposit requirements, regulatory bodies, trading platforms, leverage options, payment methods, and direct links to their official websites.
| Broker | Demo Account | Minimum Deposit | Regulators | Platforms | Leverage | Payment Methods | Visit |
|---|---|---|---|---|---|---|---|
| xChief | Yes | $10 | IFSC | MT4, MT5 | 1:1000 | Bank Transfer, Credit/Debit Card, E-wallets | Visit xChief |
| JustMarkets | Yes | $1 | FSA | MT4, MT5 | Up to 1:3000 | Bank Transfer, Credit/Debit Card, E-wallets | Visit JustMarkets |
| XM | Yes | $5 | ASIC, CySEC, IFSC | MT4, MT5 | Up to 1:888 | Bank Transfer, Credit/Debit Card, E-wallets | Visit XM |
| FBS | Yes | $1 | IFSC, CySEC | MT4, MT5 | Up to 1:3000 | Bank Transfer, Credit/Debit Card, E-wallets | Visit FBS |
| RoboForex | Yes | $10 | IFSC | MT4, MT5, cTrader, R Trader | Up to 1:2000 | Bank Transfer, Credit/Debit Card, E-wallets | Visit RoboForex |
| XTB | Yes | $0 | FCA, CySEC, KNF | xStation 5, MT4 | Up to 1:500 | Bank Transfer, Credit/Debit Card, E-wallets | Visit XTB |
| Exness | Yes | $1 | FCA, CySEC, FSCA | MT4, MT5 | Up to 1:2000 | Bank Transfer, Credit/Debit Card, E-wallets | Visit Exness |
| IC Markets | Yes | $200 | ASIC, CySEC, FSA | MT4, MT5, cTrader | Up to 1:500 | Bank Transfer, Credit/Debit Card, E-wallets | Visit IC Markets |
| eToro | Yes | $200 | FCA, ASIC, CySEC | eToro WebTrader | Up to 1:30 | Bank Transfer, Credit/Debit Card, E-wallets | Visit eToro |
| IQ Option | Yes | $10 | CySEC | IQ Option Platform | Up to 1:1000 | Bank Transfer, Credit/Debit Card, E-wallets | Visit IQ Option |
Markets and Instruments Comparison
This table highlights the variety of markets and instruments offered by FTMO and competing brokers.
The focus is on the availability of CFDs, Forex, stocks, commodities, cryptocurrencies, metals, and ETFs, providing insights into each broker’s market breadth.
| Broker | CFD | Forex | Stocks | Commodities | Crypto | Metals | ETFs |
|---|---|---|---|---|---|---|---|
| FTMO | Yes | Yes | Yes | Yes | Yes | Yes | No |
| xChief | Yes | Yes | Yes | Yes | Yes | Yes | No |
| JustMarkets | Yes | Yes | No | Yes | Yes | Yes | No |
| XM | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| FBS | Yes | Yes | No | Yes | Yes | Yes | No |
| RoboForex | Yes | Yes | Yes | Yes | Yes | Yes | No |
| XTB | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Exness | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| IC Markets | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| eToro | Yes | Yes | Yes | Yes | Yes | No | Yes |
| IQ Option | Yes | Yes | No | Yes | Yes | No | No |
User Reviews and Opinions
Frequently Asked Questions
Is FTMO regulated?
No, FTMO is not regulated by any financial authority.
What is the minimum deposit for FTMO?
FTMO does not require a minimum deposit, but there are fees for taking their challenges.
Does FTMO offer an Islamic account?
No, FTMO does not offer an Islamic account.
Can I trade cryptocurrencies with FTMO?
Yes, FTMO allows trading in cryptocurrencies along with other assets like forex, commodities, and indices.
Does FTMO charge any deposit or withdrawal fees?
No, FTMO does not charge any deposit or withdrawal fees.
What trading platforms does FTMO support?
FTMO supports both MT4 and MT5 trading platforms.
Is scalping allowed with FTMO?
Yes, FTMO allows scalping on its trading platforms.
What payment methods are accepted by FTMO?
FTMO accepts various payment methods including bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller.
How fast is the withdrawal processing time?
Withdrawals are processed within 1-2 business days at FTMO.
Does FTMO offer any educational resources?
Yes, FTMO provides educational resources like webinars, articles, and tutorials to help traders improve their skills.
Resources
Get To Know Our Team
The following team members have contributed to writing, editing, reviewing, and verifying the information in this article:
Arnold K.
Arnold is a financial journalist specializing in Forex and brokers. With a Bachelor of Science in Graphic Communication & Advertising, he blends creativity and analytical insight in his work. Arnold is known for his detailed analyses of forex markets and broker performance, emphasizing strategic decision-making in trading. His writing, featured on many platforms, aims to educate readers on navigating forex complexities. Passionate about technology and continuous learning, Arnold remains a trusted voice in the financial sector.
Oluwapelumi A.
Oluwapelumi A. is a financial journalist specializing in brokers and cryptocurrency. He holds a Higher National Diploma from The Polytechnic, Ibadan. As an independent journalist, his work has been published on premier broker sites, providing insightful analyses on broker performance and market trends. His investing style focuses on dollar-cost averaging, and his expertise includes Bitcoin, Ethereum, Cardano, and Algorand. A firm believer in the transformative power of Bitcoin and blockchain, Oluwapelumi shares knowledge on how these technologies can shape the future financial system. Outside of writing, he enjoys meeting new people and exploring new experiences.
Adetola F.
Adetola is a financial journalist and market analyst. He holds a B.Sc. in Educational Media and Technology from the University of Ilorin. Specializing in swing and position trading, Adetola has expertise in currencies, cryptocurrencies, gold, and stocks. Known for his consistent performance and extensive experience, he has trained numerous successful students worldwide. Adetola frequently publishes articles, educational videos, and live market reviews to help others navigate the complexities of financial markets.
Updated as of: March 4, 2025