Why should I join FTMO? (2024)

FAQs

What is benefit of FTMO? ›

Direct market access

Another advantage, which may not be apparent at a first glance, is FTMO's Proprietary Solution which is based on a pool of institutional liquidity providers which allows us to provide our clients with the best trading conditions and spreads to best simulate the real market conditions.

There is estimated to be a 90% fail rate of traders that take the FTMO challenge. The reason behind this is due to traders chasing the profit target with a time restriction in place.

The FTMO challenge has a reputation for being extremely difficult to pass. Across FTMO's various account levels, it is estimated that only around 10% of traders are able to successfully complete the evaluation and become a funded trader. This means approximately 90% of those who attempt the challenge end up failing.

One piece of advice for people starting the FTMO Challenge now. Be patient, manage risk, nobody is pointing a gun at you, If you end up not making the profit target it's perfectly fine, you will try the next month for free.

In conclusion, FTMO is a reputable proprietary trading firm that pays out profits to its traders as promised. The company has a transparent and reliable payout process, and numerous positive reviews from satisfied traders attest to this.

FTMO Academy provides a solid foundation in the basic and advanced concepts of trading. This includes an understanding of the financial markets, trading instruments, trading platforms, trading analysis, trading strategy and much more.

Besides the standard eligibility conditions, you should not have any past or prevailing conflict of interest with FTMO, or engagement in the Forbidden Trading Practices, as laid out in the Terms & Conditions (clause 5.4).

You will be removed from the Premium Programme if one of the following situations occurs: You fail the FTMO Account which is part of the Premium Programme. You fail 3 accounts regardless of the of the stage (FTMO Challenge, Verification, FTMO Account) You breach the contractual requirements of the Premium Programme.

The Profit Split on an FTMO Account is done on a monthly basis by default, with the option to place a payout on-demand after a period of 14 calendar days from the first placed trade on the account.

Dariusz from the USA exceeded everyone's expectations and made his dreams come true. As our FTMO Trader with a maximum allocation, he beat the previous record payout of $500,180 thanks to his profit of $1,206,225, the biggest payout in the industry!

Is FTMO legal in US? ›

Please note that FTMO does not provide services to persons in/from (both nationals and residents) Iran, Syria, Myanmar, North Korea and USA, persons listed on sanction lists, persons with criminal records related to financial crime or terrorism, and persons previously banned because of breach of contract.

We do not have any maximum time limit during which you would have to pass our Evaluation Process, you can therefore take as much time as you need. Once you meet all 4 Trading Objectives and your trades are reviewed, you can move on to the next phase right away.

How to Pass the FTMO Challenge: Risk Reward Ratio 1:3. The first step in this system is to use a risk-reward ratio of 1:3. This means that for every trade you make, you should risk 1% of your account and target 3% of your account. For example, if you have a $10,000 account, you should risk $100 and target $300.

At FTMO, we understand that market conditions might vary and that's why we offer our traders a generous 10% Maximum Loss buffer and 5% Maximum Daily Loss. These conditions are in a ratio of 1:1 (loss to profit), which is the top industry standard.

Every trader who is able to obtain an FTMO Account can count on a payout ratio of 80% (80 percent of the profits made goes to the trader).

Payout System

The default payout ratio for all FTMO Traders is set to 80%, however, an 80% share is not where we draw the line.

Summary. Both FTMO and MyForexFunds are quite similar with only a few differences. In terms of the rules, MyForexFunds has better drawdown rules, lower minimum trading days, and also a lower profit target in their first stage.

Looking at the trading statistics, it can be seen that not all days ended in profit, but overall the number of profitable days is higher than the losing ones. This is helped by a high reward to-risk ratio (RRR) of 3.52, so even with a relatively low success rate (41.67%) the trader was able to make a very good profit.