Reviews

FTMO Review

2 Mins read
7.2

FTMO, a proprietary trading firm, offers a unique opportunity for traders to manage its fund by proving their trading skills. This Prague-based company has established a strong reputation by providing a platform for traders to trade forex without risking their capital. In this review, we will delve into the various aspects of FTMO, its trader evaluation process, and the benefits it offers.

Features and Services

FTMO offers a range of features and services designed to help traders succeed in the forex market. Here are some key features:

  1. Funded Trading Account Program: FTMO provides traders with the opportunity to trade using their proprietary capital. Traders can start with a demo account and progress to a live account once they pass the evaluation process.
  2. Evaluation Process: Before receiving a funded account, traders must undergo an evaluation phase. This phase typically involves meeting specific trading objectives and risk management criteria set by FTMO. Successful completion of the evaluation allows traders to access a funded account.
  3. Risk Management and Capital Protection: FTMO emphasizes the importance of risk management. They provide tools and guidelines to assist traders in managing their risk effectively, such as maximum daily loss limits and position size restrictions.
  4. Profit Split and Payout Structure: Traders who qualify for a funded account with FTMO can keep a portion of their profits. The profit split varies depending on the account size and program chosen. FTMO typically retains a percentage of the profits as their commission.
  5. Educational Resources: FTMO offers educational resources, including webinars, video tutorials, and trading psychology articles. These resources aim to improve traders’ skills and knowledge, helping them become more successful in their trading endeavors.
  6. Dedicated Support: FTMO provides dedicated support to traders throughout their journey. Traders can reach out to their support team for assistance regarding account-related queries, technical issues, or any other concerns.

It’s important to note that the specific features and services offered by FTMO may evolve. For the most up-to-date information, it’s recommended to visit FTMO’s official website or reach out to their customer support.

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User Reviews and Testimonials

User reviews and testimonials paint a favorable picture of FTMO, with many traders appreciating the opportunity to trade without risking their capital. The evaluation process is often commended for its fairness and ability to instill disciplined trading habits. Traders also appreciate the educational resources and dedicated support provided, stating that these have been instrumental in their trading journeys.

Customer Support

FTMO’s customer support is highly praised for its promptness and effectiveness. Traders can reach out to the support team via email, live chat, or through their social media channels. The team is equipped to handle a wide range of queries, from technical issues to account management questions. They also offer support in multiple languages, making it more accessible to traders worldwide. FTMO’s dedication to customer service underscores its commitment to its traders’ success.

Plan and Pricing

FTMO offers two trading account plans – the Standard Plan and the Professional Plan. The former requires a minimum investment of $2,000 while the latter requires a minimum investment of $20,000. Both plans come with their own set of features such as profit split structure, risk management tools and capital protection.

Go to FTMO website

Summary

7.2
FTMO stands out from other trading platforms for its unique approach to trading. By requiring traders to prove their trading skills first before investing, FTMO provides an opportunity for traders to become successful in the forex market without risking their capital. They also offer a range of features and services designed to help traders succeed, as well as dedicated customer support. With its range of features and competitive pricing, FTMO is an ideal platform for traders seeking a secure trading experience. Overall, FTMO is an excellent choice for forex traders looking to trade without risking their capital. With its comprehensive evaluation process, competitive pricing, flexible profit split structure and dedicated customer support, FTMO provides traders with the opportunity to become successful in the forex market. With this review, we hope to have provided you with enough information about FTMO so that you can make an informed decision about whether it is the right trading platform for you.
8.0

Ease of Use

7.0

Range of Features

7.0

Pricing Structure

8.0

Customer Support

6.0

Educational Resources

Pros

  • +Offers an opportunity to trade without having to risk your capital
  • +A comprehensive evaluation process instills disciplined trading habits
  • +Flexible profit split structure
  • +Dedicated customer support in multiple languages
  • +Range of features and services to help traders succeed

Cons

  • -The evaluation process can be time-consuming - may not be suitable for traders looking for quick returns
  • -The profit split structure may not be the most profitable for traders with larger account sizes
  • -No MetaTrader4 support
  • -Limited educational resources compared to other trading platforms
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