Overview
FTMO is a well-established proprietary trading firm that has been in operation since 2015, specializing in Forex and other asset classes. What sets FTMO apart is its generous profit split of up to 90% and its wide range of platform support, including MT4, MT5, cTrader, and DxTrade. With a strong reputation and a large payout volume, FTMO is a notable player in the prop trading industry.
Challenge Structure & Pricing
FTMO's evaluation process consists of a 2-Step challenge, with a starting price of $89. While this fee is on the higher side compared to some other firms, the potential for a high profit split and large max allocation of $2M may justify the cost for serious traders. The challenge structure includes a max drawdown of 10% and a daily loss limit of 5%, which may be a consideration for traders with more aggressive strategies.
Profit Split & Payouts
FTMO's profit sharing model is highly competitive, with a profit split of up to 90%. The firm has a strong payout track record, with over $120 million in total payout volume and 520 payouts in the last 30 days. Payouts are also relatively frequent, with a payout frequency of 14 days and an average payout speed of 24 hours.
Trading Conditions
FTMO offers support for a range of platforms, including MT4, MT5, cTrader, and DxTrade, as well as a variety of asset classes such as Forex, Indices, Metals, Crypto, Stocks, and Energy. The spreads are relatively competitive, with an EUR/USD spread of 0.5 pip and a Gold spread of 25 pip. However, the firm does not offer crypto payouts, which may be a drawback for some traders.
Trust & Reputation
FTMO has an excellent reputation, with a Trustpilot score of 4.8/5 based on over 39,000 reviews. The firm has been in operation since 2015 and has paid out over $500 million in rewards, demonstrating its commitment to supporting its traders. The fact that FTMO offers support in 20 languages also speaks to its dedication to serving a global community of traders.
Who Is It Best For?
FTMO is likely best suited for experienced traders who are looking for a competitive profit split and a wide range of platform support. The firm's high challenge fees and daily loss limit may make it less accessible to newer traders, but the potential for large payouts and a high degree of flexibility in terms of trading strategy make it an attractive option for serious and skilled traders.
The Bottom Line
Overall, FTMO is a reputable and well-established proprietary trading firm that offers a highly competitive profit split and a wide range of platform support. While the challenge fees are on the higher side, the firm's strong payout track record and excellent reputation make it a solid choice for experienced traders. With its flexible trading conditions and commitment to supporting its traders, FTMO is a notable player in the prop trading industry.
This review was generated by AI based on publicly available data and may not reflect the most recent changes.
