FTMO Review
FTMO is one of the most respected prop trading firms in the industry, offering funding up to $400,000 with profit splits up to 90%. Known for their transparent rules, excellent customer support, and professional approach to trader evaluation.
Max Funding
Profit Split
Challenge Fee
Platforms
Overview
FTMO has established itself as the gold standard in proprietary trading since 2015. Based in Prague, Czech Republic, they've funded thousands of traders worldwide and built a reputation for reliability and transparency.
The firm offers a two-step evaluation process designed to identify skilled traders who can manage risk effectively. Their approach focuses on consistency and risk management rather than just profits, making them attractive to professional traders.
Key Features
- Two-phase evaluation: Challenge + Verification phases
- Multiple account sizes: $10K to $400K funding
- Flexible trading: All trading styles allowed
- Expert advisors: EAs permitted with restrictions
- Multiple markets: Forex, indices, commodities, crypto
Pricing & Account Sizes
| Account Size | Challenge Fee | Profit Target | Max Daily Loss | Max Loss |
|---|---|---|---|---|
| $10,000 | $155 | 8% | 5% | 10% |
| $25,000 | $250 | 8% | 5% | 10% |
| $50,000 | $345 | 8% | 5% | 10% |
| $100,000 | $540 | 8% | 5% | 10% |
| $200,000 | $1,080 | 8% | 5% | 10% |
Note: Challenge fees are refunded with your first payout after becoming a funded trader.
Payout & Rules
Payout Structure
- Profit Split: 80% (Phase 1) → 90% (after $10K profit)
- Payout Frequency: Bi-weekly (every 14 days)
- Minimum Payout: No minimum amount
- Payout Methods: Bank transfer, crypto, payment processors
Trading Rules
- Maximum daily loss: 5% of initial balance
- Maximum loss: 10% of initial balance
- Minimum trading days: 10 days
- Weekend holding: Allowed for forex, not for indices
- News trading: Restricted 2 minutes before/after high-impact news
- Expert Advisors: Allowed with approval
Pros
- Excellent customer support and communication
- Transparent rules and conditions
- Quick and reliable payout processing
- Professional trading platform integration
- Multiple account sizes available
- Educational resources and webinars
- Strong reputation in the industry
- Challenge fee refunded after funding
Cons
- Higher challenge fees compared to some competitors
- Strict daily loss limits can be restrictive
- No weekend holding for indices and commodities
- Two-phase evaluation takes time
- Limited trading during high-impact news
- EA approval process can be lengthy
Our Verdict
FTMO earns our highest recommendation for serious traders looking for a reliable, professional prop trading firm. While their fees are higher than some competitors, the quality of service, transparent operations, and excellent support justify the cost.
The firm is particularly well-suited for:
- Experienced traders who prioritize reliability
- Risk-conscious traders comfortable with strict rules
- Professionals seeking long-term funding relationships
Overall Rating: 4.8/5 - Outstanding choice for professional traders
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