FTMO Funded Account Review

FTMO Funded Account Review

FTMO Funded Accounts Types (Screenshot from ftmo.com)

FTMO Funded Account – take 70% of the profits!

FTMO offers funded accounts to promising traders who pass their challenge. The company is for the traders and by the traders and specializes in forex trading.

How much does FTMO challenge cost

The process begins with a 30-day simulated trading challenge. Aspiring traders pay a fee for the challenge based on their initial capital requirement, buying power, maximum daily loss limits, and profit target. The fees for these accounts start from €155 and go up to €540. It is to be noted that this fee is refundable with the first profit withdrawal.

FTMO Challenge Review

After the traders pass the challenge, they go through the second round of verification to validate that they are consistent and profitable traders. The second round is similar to the simulated challenge except that the profit target is reduced by 50% and the trading period is extended to 60 days.

Once a trader meets the trading objectives of the challenge as well as the verification, he becomes an FTMO trader. The trader can start making real trades using real money and keep 70% of the generated profits. FTMO still holds certain limits like the daily loss, total loss, and minimum trading days limit, however, there are no restrictions related to profit target.

Platform

FTMO.com also assists the traders in their trading journey with the help of best brokers and trading platforms. Traders can use platforms like MetaTrader 4, MetaTrader 5, or cTrader, and the brokers of FTMO include Purple Trading, Admiral Markets, and Blueberry Markets among others.

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United States

Location

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Simulated Challenge, Funded Account

Products offered

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Not Available

Years in business

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Not Available

Number of traders

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(Screenshot from ftmo.com) FTMO Funded Account - take 70% of the profits! FTMO offers funded accounts to promising traders who pass their challenge. The company is for the traders and by the traders and specializes in forex trading. How much does FTMO challenge cost The process begins with a 30-day simulated trading challenge. Aspiring traders pay a fee for the challenge based on their initial capital requirement, buying power, maximum daily loss limits, and profit target. The fees for these accounts start from €155 and go up to €540. It is to be noted that this fee is refundable with…
Aspiring traders can also benefit from being a part of the FTMO community. FTMO offers tools and strategies to enhance trading and strengthen the mind. Some of these tools are Account MetriX to monitor the progress, Statistical App to show probabilities of market behavior, Mentor App for better discipline, Trading Journal to archive trading results, and Account Analysis to analyze the trading results.
FTMO Funded Account Review

FTMO Funded Account Review

3.92 ( 26 votes)
Website usability
Customer Services
Fees
Education center
Challenge
Account MetriX

Aspiring traders can also benefit from being a part of the FTMO community. FTMO offers tools and strategies to enhance trading and strengthen the mind. Some of these tools are Account MetriX to monitor the progress, Statistical App to show probabilities of market behavior, Mentor App for better discipline, Trading Journal to archive trading results, and Account Analysis to analyze the trading results.

User Rating: 3.92 ( 26 votes)
  • Alex

    05/06/2019 at 10:20 am

    May I take part in their challenge if I’m from Canada?

  • TSR Warrior 05/06/2019 at 1:19 pm

    Since FTMO is not a brokerage, it doesn’t fall under any regulatory restrictions. So you can take part in their challenge being a resident of Canada, USA or any other country.

  • Jordan

    11/06/2019 at 10:07 am

    How much does it actually cost to take part in this challenge?

  • TSR Warrior 12/06/2019 at 8:03 am

    It depends largely on the challenge size that you choose. The sizes range from: $10,000 – $25,000 and $50,000 – $100,000. The prices for them accordingly are €155n,€250, €345 or €540.

  • Boris

    20/06/2019 at 4:05 pm

    What if I go over the limit that is allowed in the FTMO Challenge?

  • TSR Warrior 20/06/2019 at 4:16 pm

    I you go over the loss limit your account will be blocked automatically and then you’ll be instructed what to do after that.

  • Loise

    26/06/2019 at 7:08 am

    So how does the challenge start?

  • TSR Warrior 26/06/2019 at 12:15 pm

    The challenge is activated once you execute your first trade.

  • Michael Lopatowski

    18/07/2019 at 11:58 am

    support is shit. they donts answer every email and they are not cooperating with you like any other big company. not good , im dissapointed

  • Mark

    18/08/2019 at 3:25 pm

    the question is wether there will be any issues with withdrawals once you become funded, basically its up to 3 month to trade with up to 550euro on the line, good program for both them and a trader, given they are ligit, not enough info on how many traders they have who are funded, and succefully get withdrawals. any help would be appreceated on that. I am interestes but here ve have money ant time on the line. hope they are not crooks

  • davistrader

    11/11/2019 at 11:30 am

    I would like to give it a try but i don’t if i am good enough to pass the challene because i’m trading only since 1 year and a half(52% of positivity drawdown 19%): is it difficult?

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