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FTMO foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://trader.ftmo.com/?lang=en, about the company's legal and temporary regulatory information, the company's address Purkynova 2121/3 110 00 Prague, Czech Republic.

FTMO Forex Broker

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FTMO

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Company profile

GENERAL INFORMATION AND REGULATION FTMO are a prop trading firm based out of Czech Republic, mainly based in the Forex trading sector. In short, they provide up to $200,000 of trading capital to traders that can pass a fairly simple challenge. The challenge is to prove you are a consistently profitable trader and if you are, in return, you are given capital, of which you keep up to 90% of the profits and FTMO keep 10%. The company essentially looks for profitable traders that just need funding and then gives them the tools and money they need. Prop trading is an exciting way for experienced investors to speculate on the financial markets with serious capital and reduced risk. FTMO is one of the leading firms in the forex prop trading space with over 6000 new members joining in 2020. FTMO was founded in 2017 by owner Otakar Suffner with the aim of providing funded accounts to talented traders. The company is based in the Czech Republic, with headquarters in Prague. Since its launch, the firm has grown quickly and has won several awards, including the Deloitte Rising Star award in 2019 and 2020. The company has a good reputation with highly developed apps to aid trading strategies and top-rated customer support. FTMO offers a variety of trading instruments including forex, commodities, indices, cryptos, stocks and bonds as well as multiple platforms such as MetaTrader 4, MetaTrader 5 and cTrader. MARKET INSTRUMENT Users can trade CFDs and other derivatives on over 100 pairs, including forex (GBP/USD, EUR/USD, USD/JPY); commodities such as gold (XAU) and silver (XAG); indices such as US30 and UK100; crypto pairs such as BTC/USD, LTC/USD and XRP/USD, plus many more. Note, trading on the NASDAQ100 (NAS100) is not possible with FTMO. ACCOUNT AND LEVERAGE Account types are broken down into 10k, 25k, 50k, 100k and 200k challenges. Each challenge has a risk level (Normal or Aggressive) except for the 200k challenge which only has the normal risk level. When deciding which level to go for, consider your trading strategies and experience. On the Aggressive account you are allowed bigger losses but have higher profit targets. FTMO prices range from €155 for the 10k Challenge to €1080 for the 200k Challenge. The challenges are denominated in USD but you can attempt them in different currencies – the 100k challenge could provide you with 100k USD, 80k EUR or 70k GBP, depending on your chosen currency. You can have multiple accounts, but FTMO has a maximum initial capital allocation of $400k (or $200k for Aggressive accounts). This means you could have two 200k accounts or four 100k accounts. Scaling does not count towards the initial capital allocation sum. Note that you will need to pay for and pass the Challenge for each new account. You can merge FTMO accounts if they have the same risk and currency setup by contacting customer support. All accounts offer leverage up to 1:100 and access to over 100 FX pairs including USD/EUR, USD/GBP; cryptos such a Bitcoin (BTC) and Ripple (XRP); stocks; bonds; indices like US30 and commodities such as gold (XAU/USD). All accounts come with unique trading tools and apps such as the Account Metrix, Mentor Application and the Equity Simulator. These tools can help you monitor and improve your performance, and are only available to FTMO traders. TRADE SIZE There is no limit on lot sizes and You can use all common trading tools, like stop losses and candlestick charts Also You can trade on FTMO using any strategy, including scalping, hedging or EAs TRADING PLATFORM AVAILABLE FTMO offers a variety of trading instruments including forex, commodities, indices, cryptos, stocks and bonds as well as multiple platforms such as MetaTrader 4, MetaTrader 5 and cTrader. DEPOSIT AND WITHDRAWAL Returns are paid via a monthly profit split. Users must invoice FTMO and the money will be sent to your account via regular bank wire transfer, Mastercard, Visa or Skrill. FTMO charges zero commissions for withdrawals. You will receive a withdrawal certificate as proof of payment. You can invoice the prop trading firm as a company or as an individual. Ensure you manage your earnings in line with your country‘s tax regulations. For example, if you’re trading from UK, you will pay tax on earnings above £12,500. Consult a local tax advisor to ensure compliance with the relevant regulations. CUSTOMER SERVICE When you want make enquiry or something goes wrong, such as a payment gets cancelled, FTMOs customer support team has a good reputation and is available in 13 languages. Business hours are 24/7 for email and live chat and 8 am – 5 pm (CEST) for phone calls Monday – Friday: • Email: support@ftmo.com • Telephone number: +44 2033222983 • In person appointments at their office in Prague Alternatively, you can also visit the online FTMO shop which sells trading themed merchandise such as t-shirts, hats and posters. Another great way to learn more about the company is to look at FTMO Challenge reviews on YouTube.
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Pros
Low testing cost of €155, making it accessible for many traders.
Familiar trading platforms like MT4, MT5, and cTrader, which support various indicators and trading strategies.
Attractive profit-sharing structure, with traders earning up to 90% of profits after successfully passing the evaluation stages.
Cons
Strict requirements during the evaluation process, including a maximum loss limit of 10% and a target profit of 10% within a month.
Lack of regulatory oversight, which raises concerns about the safety of funds and the company's transparency.
Potential for high pressure and stress due to the evaluation's time constraints and profit targets, which may not suit all traders.

Basic Information

Registered Region
Czech Republic
Operating Period
--
Company Name
FTMO s.r.o.
Abbreviation
FTMO
Company employee
--
Customer Service Email Address
support@ftmo.com
Contact Number
+442033222983
Company Website
https://ftmo.com/en
Company Address
Purkynova 2121/3 110 00 Prague, Czech Republic
Facebook
https://facebook.com/ftmocom/
How to login to FTMO?
FTMO Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a FTMO Account Registering for an FTMO account is the first step in your journey towards becoming a funded trader with one of the leading proprietary trading firms. Follow these detailed steps to successfully complete the FTMO registration process: Accessing the Registration Page: Visit the official FTMO website at ftmo.com. Click on the “Sign Up” button prominently displayed on the homepage to navigate to the registration page. Filling in Required Information: Enter your email address, phone number, and create a secure password. Ensure that your password meets the required criteria (typically at least 8 characters, including numbers and symbols). Select your country of residence from the dropdown menu. Email/Phone Verification: After submitting your information, you will receive a verification email or SMS. Click on the verification link in the email or enter the code sent to your phone to confirm your contact information. Identity Verification (if required): Depending on your region, FTMO may require you to verify your identity by submitting a government-issued ID (passport, national ID card, or driving license). This step ensures compliance with regulatory requirements. Registration Confirmation: Once you have completed the verification process, you will receive a confirmation email indicating that your registration was successful. This email will also provide details on how to proceed with the FTMO account opening process. Common Registration Issues and Solutions Email Not Received: If you do not receive the verification email, check your spam or junk folder. If its not there, request a new verification link from the FTMO website. Identity Verification Failure: Ensure that the documents you submit are clear and legible. If your submission is rejected, you may be asked to provide additional documentation. Regional Differences in Registration FTMO accepts traders globally, but there are restrictions for certain countries, including Iran, Syria, and North Korea, due to sanctions. Ensure you check the eligibility criteria specific to your region on the FTMO website. Part Two: FTMO Account Opening Detailed Guide Explanation of Differences Between Registration and Account Opening While registration allows you to create an account with FTMO, the account opening process involves setting up your trading account, which allows you to engage in trading activities through the FTMO platform. Preparation Work Before Account Opening Before you can open an account, ensure that you have: Completed the FTMO registration process. Verified your identity if required. Familiarized yourself with the FTMO trading rules and objectives. Detailed Account Opening Steps Selecting Account Type: After successful registration, log into your FTMO account and navigate to the account opening section. Here, you can choose from different account types (e.g., Standard, Pro) based on your trading style and risk tolerance. Submitting Required Documents: Depending on the account type selected, you may need to submit additional documents, such as proof of residency or income verification. Account Review Process: FTMO will review the submitted documents to ensure compliance with their policies. This process typically takes 1-2 business days. Account Activation: Once your account is approved, you will receive an email with your account details, including your login credentials. Initial Setup: Log into your FTMO account using the credentials provided. You may be prompted to configure your account settings, including leverage options and trading preferences. Frequently Asked Questions About Account Opening How long does it take to open an account？ Typically, the account opening process can take anywhere from a few hours to a few days, depending on the verification speed. Can I change my account type later？ Yes, you can request a change in account type by contacting FTMO customer support. Next Steps After Opening an Account Once your account is active, you can proceed to take the FTMO Challenge, where you will demonstrate your trading skills on a demo account with specific trading objectives. Part Three: FTMO Login Process Explained Basic Web Login Process Logging into your FTMO account is straightforward. Follow these steps: Visit the FTMO Login Page: Go to ftmo.com and click on the “Login” button located at the top right corner of the homepage. Enter Your Credentials: Input your registered email address and password. Ensure that Caps Lock is off while entering your password to avoid login issues. Click on Login: After entering your details, click the “Login” button to access your account. Two-Factor Authentication (if enabled): If you have two-factor authentication enabled, enter the code sent to your mobile device or email. Access Your Dashboard: Once logged in, you will be directed to your account dashboard where you can manage your trading activities. Mobile App Login Process For mobile trading, you can also log in through the FTMO mobile app: Open the app and select “Login.” Enter your credentials and follow the same steps as the web login. Other Login Methods FTMO does not currently support third-party login options or SSO (Single Sign-On) for account access. Ensure that you use only the official FTMO website or app for logging in. Common Login Issues and Solutions Forgotten Password: Use the “Forgot Password” link on the login page to reset your password. Follow the instructions sent to your email. Account Lockout: If your account is locked after multiple failed login attempts, contact FTMO support for assistance. Technical Issues: Ensure that your internet connection is stable. If issues persist, clear your browsers cache or try a different browser. Overview of Features After Login Once logged in, you can access a variety of features, including: Account metrics and performance analysis tools. Educational resources and trading strategies. Direct access to your trading platforms (MT4, MT5, cTrader, etc.). Additional Sections Account Security Recommendations Use a strong, unique password for your FTMO account. Enable two-factor authentication for added security. Regularly update your password and monitor your account for any unauthorized access. Best Practices for Account Management Keep track of your trading performance using FTMO‘s account metrics. Set realistic trading goals and adhere to FTMO’s risk management rules. Engage with the FTMO community for support and knowledge sharing. How to Get Technical Support For any technical issues or inquiries, contact FTMO customer support via: Email: support@ftmo.com Live chat available on the FTMO website. By following this comprehensive guide, you will be well-equipped to navigate the registration, account opening, and login processes at FTMO, ensuring a smooth start to your trading journey.
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FTMO Broker - Comprehensive Information Guide

1. Broker Overview

FTMO, officially known as FTMO Evaluation Global s.r.o., was founded in 2015 and is headquartered in Prague, Czech Republic. The company operates as a private entity and has quickly established itself as a leader in the proprietary trading sector. FTMO primarily serves a global market, attracting traders from over 180 countries, providing opportunities for both novice and experienced traders to manage significant trading capital without risking their own funds.

Since its inception, FTMO has achieved remarkable milestones, including being featured in Forbes and winning the Deloitte Technology Fast 50 award multiple times. The company's business model revolves around a unique two-step evaluation process designed to identify and nurture talented traders. Successful candidates can manage accounts with balances up to $400,000, reflecting FTMO's confidence in their traders' skills.

The firm's innovative approach allows traders to demonstrate their abilities through the FTMO Challenge and subsequent Verification stages, creating a pathway for financial independence for many aspiring traders.

2. Regulatory and Compliance Information

FTMO operates without direct regulation as it does not function as a broker or fund management firm. Instead, it is categorized as a proprietary trading firm that provides funding to traders who successfully pass its evaluation process. Thus, it is not subject to the same regulatory requirements as traditional financial institutions.

While FTMO is registered with the Municipal Court in Prague, it lacks specific regulatory licenses from major financial authorities. This is typical for proprietary trading firms, which often do not handle client deposits directly.

FTMO adheres to strict internal policies regarding Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, ensuring that all traders undergo identity verification and comply with legal standards. Additionally, the firm maintains a segregated client fund policy, ensuring that traders' funds are kept separate from operational funds, which enhances security.

3. Trading Products and Services

FTMO offers a diverse range of trading products, focusing primarily on forex trading. Traders can access 44 currency pairs, including major pairs like EUR/USD and USD/JPY. In addition to forex, FTMO provides opportunities to trade CFDs across various asset classes, including:

  • Indices: 14 cash indices available for trading.
  • Commodities: 8 different commodities are offered.
  • Stocks: 23 equities can be traded via contracts for difference (CFDs).
  • Cryptocurrencies: 10 cryptocurrencies, including Bitcoin and Ethereum.

The firm is committed to regularly updating its product offerings, ensuring that traders have access to the latest market opportunities. FTMOs business model is tailored to meet the needs of both retail and institutional clients, although its primary focus remains on retail forex trading.

4. Trading Platforms and Technology

FTMO supports multiple trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, providing traders with flexibility in their trading approach. The platforms are user-friendly and equipped with advanced features that cater to both novice and experienced traders.

  • MetaTrader 4/5: These platforms are widely recognized in the trading community for their robust functionalities, including automated trading capabilities and extensive charting tools.
  • cTrader: Known for its intuitive interface and advanced trading features, cTrader is another option for traders looking for a comprehensive trading experience.
  • Web-based and Mobile Applications: FTMO also offers web-based trading capabilities and mobile applications for both iOS and Android, ensuring that traders can manage their accounts on the go.

The firm operates on a Market Making execution model, which allows for efficient order execution. FTMO's servers are strategically located to minimize latency, enhancing the overall trading experience. Additionally, the firm supports API access for automated trading solutions, catering to traders who prefer algorithmic strategies.

5. Account Types and Trading Conditions

FTMO offers several account types tailored to different trading strategies and risk appetites. The primary account types include:

  • Standard Account: This account type requires a minimum deposit and has specific trading conditions regarding daily loss limits and profit targets.
  • Swing Account: Designed for traders who prefer to hold positions overnight or over the weekend, this account type allows for greater flexibility in trading strategies.

Trading Conditions:

  • Minimum Deposit: Starting from €155 for the smallest account size of $10,000.
  • Spread and Commission: Competitive spreads starting from 0.2 pips on major currency pairs, with a commission of $3 per lot for forex trading.
  • Leverage: Up to 1:100 for standard accounts and 1:30 for swing accounts.
  • Minimum Trade Size: The minimum trade size is 0.01 lots.
  • Overnight Fees: Applicable based on the positions held overnight, calculated according to market rates.

FTMOs transparent fee structure ensures that traders are fully aware of the costs involved, with no hidden fees or recurring charges.

6. Funds Management

FTMO provides various deposit and withdrawal methods to facilitate smooth transactions for its traders.

Supported Deposit Methods:

  • Bank Transfers
  • Credit/Debit Cards
  • Electronic Wallets: Including Skrill and cryptocurrency options.

Minimum Deposit Requirements:

  • The minimum deposit varies based on the chosen account type, starting from €155 for a $10,000 account.

Processing Times:

  • Deposits are typically processed quickly, with most transactions completed within 1-2 business days.

Withdrawal Methods:

  • Traders can request withdrawals through bank transfers, credit/debit cards, and e-wallets like Skrill.
  • The withdrawal processing time is generally 1-2 business days, with no withdrawal fees charged.

FTMO ensures that traders have easy access to their funds while maintaining a transparent and efficient payout process.

7. Customer Support and Educational Resources

FTMO is committed to providing exceptional customer support, available 24/7 in multiple languages, including English, German, Spanish, and more. Traders can reach out through various channels:

  • Email
  • Live Chat
  • Social Media Platforms

Educational Resources:

FTMO offers a comprehensive suite of educational materials aimed at improving traders' skills. These resources include:

  • Webinars: Covering various trading topics.
  • Tutorials: Step-by-step guides on using trading platforms and strategies.
  • Market Analysis Services: Daily updates and insights into market trends.

Trading Tools:

Traders have access to various tools, including calculators, economic calendars, and performance tracking applications, to enhance their trading experience.

8. Regional Coverage and Restrictions

FTMO provides its services to traders worldwide, with a focus on markets in Europe, Asia, and beyond. However, it is essential to note that:

  • Major Service Markets: FTMO primarily serves clients in over 180 countries.
  • Restricted Regions: Currently, FTMO does not accept clients from the United States, Iran, Syria, and North Korea due to regulatory constraints.
  • Regional Offices: The primary office is located in Prague, Czech Republic, with plans for future expansion into other markets.

FTMO remains committed to adhering to local regulations and ensuring that its offerings align with the legal requirements of the regions it serves.

In summary, FTMO stands out as a leading proprietary trading firm that offers a unique opportunity for traders to manage significant capital without risking their own funds. With its transparent evaluation process, diverse trading products, and robust support system, FTMO is well-positioned to help traders achieve their financial goals in the dynamic world of forex trading.

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Latest Reviews

随枫▽随性

随枫▽随性

Hong Kong

This platform gives me the feeling that the information is a bit confusing. After reading it for a long time, I didn't understand the trading account settings, spread commission and other information. The official website is full of promotional text, and I don't really like this kind of opaque dealer. It was also introduced by a friend, but I think I'll forget it.

37130

2022-12-14

FTMO

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FTMO Forex Broker has an overall rating of 1.57, Regulatory Index 0.00, License Index 0.00, Business Index 6.79, Software Index 4.58 Risk Control Index 0.00.
FTMO