FTMO is a proprietary company established in the Czech Republic in 2014. The platform attracts traders to its ranks and, after two-stage testing, if it passes successfully, gives management from 400,000 USD with the possibility of increasing the deposit. The reward is 80% on the first step of real trading and 90% on every following step. The company operates in full compliance with European financial legislation and is subject to the local regulator.
Advantages
The advantages of FTMO over its competitors are:
- Relatively low testing costs — from €155.
- Classic, familiar to many platforms MT4, MT5, cTrader. For these platforms developed hundreds of indicators, scripts and advisors.
- Possible profitability of the trader — 90% of earned profit after testing. Starting reward — 80%.
- Diversification of pricing plans. Opportunity to choose demo deposit from $10K to $200K. Diversification of tariff plans for standard and aggressive trading.
- Leverage — up to 1:100.
Disadvantages:
- Strict test period requirements. Allowed maximum loss of 10% of the deposit amount. Target profit of 10%, for which 1 month is given.
- 2 testing leveks instead of one. Instead of one month of trading the trader is forced to work for three months.
- No information about the company’s funding. If you don’t know how to contact FTMO Customer Service Review, we are here to help!
- Conclusion
- FTMO is a prop company for traders with trading experience, tough testing conditions and attractive terms for those who move into real trading.
There is no requirement to trade for all 30 days, you have to work for at least 10 days. And if you use Martingale carefully and open trades on highly volatile cryptocurrencies, then 10% return is easy! Your mistake is that you got too carried away with cryptocurrencies. Stage 2 has more lenient profit targeting requirements, and therefore it would have made sense to switch to less risky assets. But crypto seems like the ideal tool for us, so we settled on a daily loss limit. Anyway, my advice: in the first phase, trade cryptocurrencies in a clear fundamental trend — you will make a profit in a few days. At the second stage, don’t take any risks.
To contact the FTMO directly, all you need to do is go to the website and submit an application. Competent specialists will contact you shortly and tell you how to trade.
