FTMO
About FTMO Company
FTMO Company stands out in the market by offering a unique combination of services as a broker, trading school, and a competitive trading platform. Having commenced operations in 2015, FTMO has gained valuable experience in the financial industry.
Distinctive Offering at FTMO
One of the key advantages of FTMO is its ongoing trading challenge designed for individuals seeking to test and enhance their trading abilities. Successful participants of the challenge are granted the opportunity to trade using “FTMO” funds, while sharing profits with the company and transitioning into the realm of professional account managers.
Corporate Structure and Contact Information
FTMO operates through three divisions headquartered in Prague, Czech Republic, with the primary entity being FTMO Evaluation Global s.r.o. Contact details including office addresses and phone numbers are available on the company’s website. Regulatory information pertaining to the broker’s activities is not explicitly provided, and details regarding international representations beyond the Czech Republic are not disclosed.
Trading Instruments and Platform
- Forex
- Industrial indices
- Cryptocurrency
- Stocks
- Bonds
- Commodities
FTMO offers clients the flexibility to choose from a selection of trading platforms, including MetaTrader 4, MT5, cTrader, alongside proprietary trading applications.
Trading Accounts and Terms
FTMO’s competitive edge lies in its focus on identifying and collaborating with top traders in the market. The minimum deposit requirement starts at $10,000, with the specific amount varying based on the chosen currency.
- 30-day trading duration
- Minimum of 10 days of active trading
- Target profit set at $1,000
- Maximum allowable loss capped at $1,000
- Daily loss limit of $500
Deposits and Withdrawals
- US dollars
- Euros
- British pounds
- Czech crowns
FTMO offers clients a range of payment methods for deposits and withdrawals, including bank transfers, credit/debit cards, cryptocurrencies, and Skrill. A 3% commission applies to withdrawals made through cryptocurrency wallets and Skrill.
Summary
FTMO presents traders with unique opportunities; however, concerns may arise regarding transparency and trader evaluations. The initial investment can be substantial, starting from $10,000. While detailed information is provided about the challenge and selection process, potential clients should consider the less detailed trading conditions when evaluating this brokerage option.
This review has been prepared by the specialists at ExpertsReview.
FTMO is a trading platform that has garnered a lot of attention in the trading community. While there are some positive aspects to the platform, there are also some areas that could be improved upon.
One of the strengths of FTMO is their emphasis on risk management and providing traders with the tools they need to succeed. The platform also offers a variety of funding options, which can be appealing to traders looking to grow their accounts.
However, there have been some concerns raised about the customer service provided by FTMO. Some users have reported delays in response times and a lack of clarity in communication. Additionally, there have been instances where traders have experienced technical issues with the platform, which can be frustrating.
Overall, FTMO has the potential to be a valuable resource for traders, but there are areas that could be improved upon to enhance the user experience. By addressing these issues, FTMO can continue to grow and attract more traders to their platform.
FTMO is a popular proprietary trading firm that offers funding to traders who pass their evaluation process. Traders are required to meet certain profit targets and risk management criteria in order to receive funding.
Ease of use: FTMO’s platform is user-friendly and easy to navigate. Traders can easily access their account information, trading statistics, and evaluation progress. The platform also provides helpful resources and tools to assist traders in meeting their goals.
Responsiveness of customer support: FTMO’s customer support team is known for being highly responsive and helpful. Traders can reach out to them via email or live chat and can expect a prompt and professional response to their inquiries.
Effectiveness of the solutions provided: FTMO provides traders with detailed feedback on their trading performance, including areas for improvement and ways to optimize their strategies. This feedback is instrumental in helping traders meet the evaluation criteria and ultimately receive funding.
Issues that arose: Some traders have reported issues with the evaluation process, including discrepancies in profit calculations and delays in receiving feedback. However, FTMO has a reputation for addressing these issues promptly and working with traders to resolve any issues that may arise.