FTMO is a forex trading firm that provides traders with the opportunity to earn a revenue split of 80%-90%. The firm also offers discounts on its trading courses and mentorship programs. In addition, FTMO challenges its traders to make at least 10% profit in 30 calendar days.
FTMO is a forex trading firm
FTMO, also known as Foreign Currency Trading Online, is a proprietary trading firm based in Prague, Czech Republic. The firm was founded in 2017 by owner Otakar Suffner. Aside from forex trading, FTMO also offers commodities and stocks.
FTMO provides a variety of unique trading tools and apps. These include the FTMO Mentor Application, which encourages traders to stay committed to their trades.
Another great feature of FTMO is its scaleable capital allocation plan. This allows users to grow their account balance by 25% every four months. In addition, this program does not count toward the initial money allocated to a trading account.
FTMO offers a free trial account. New traders can choose from various options, including stocks, commodities, crypto, and Forex. In addition, they can use a credit or debit card or a bank wire transfer to fund their accounts.
FTMO has a solid reputation. It has been praised for its many tradable assets and excellent customer support. It was awarded the Deloitte Technology Fast 50 award three times.
FTMO challenges traders to make 10% profits within 30 calendar days
FTMO Challenge is a competition that offers traders the opportunity to prove their mettle as profitable traders. Those who pass the FTMO challenge get funded accounts with various trading tools and the trading academy.
FTMO Challenge accounts can be bought in several currencies, including EUR, GBP, and USD. The minimum balance is $10,000. These accounts are offered by FTMO Prop Firm, a Prague, Czech Republic-based prop firm that provides spreads on a wide range of financial instruments.
To pass the FTMO Challenge, you must show that you are a good trader by meeting all the trading objectives. In addition, you can choose between an average risk level and an aggressive risk level. In the intermediate risk level, you will be given an initial account balance of 10,000, and your max loss is typically $500.
The FTMO Challenge is also great for learning more about forex trading. FTMO’s MT4 platform allows you to track your trades, and FTMO will even pay 80% of your profits on the demo account.
FTMO offers discounts on trading courses and mentorship programs
FTMO is an unregulated proprietary trading firm with a good reputation in the online trading community. It provides its customers access to various tradable assets, including commodities, stocks, indices, and cryptos. They also provide educational resources, training, and trading tools.
You’ll need to register and pay a joining fee to get started. You’ll be awarded a funded account if you pass the evaluation process. In the meantime, you’ll be able to practice on a demo account. FTMO provides access to more than 100 forex pairs and cryptos. You’ll also be able to download the MetaTrader 5 platform.
When you reach a specific profit goal, you’ll receive a payout. Traders can access their profits through direct deposit, Skrill, or cryptocurrency. These bonuses are not promotional offers. The firm also provides a growth plan. Those who meet the requirements will get a 25% increase in their account limits every four months.
FTMO provides traders with the tools to track their performance. They also offer a free trial of their supporting applications. As well, FTMO provides access to a trading journal and trading tips.
FTMO offers a revenue split of 80%-90%
FTMO is a proprietary trading firm that provides traderscapital and trading services. This company offers an unparalleled selection of assets, a high payout rate, and a wide range of account sizes.
FTMO has been rated as one of the best proprietary trading firms in the world. It offers various accounts and currencies to trade, including eight metals, 23 equities, 44 total currencies, and ten cryptocurrencies.
In addition to offering a variety of accounts and currencies, FTMO also has several different trading rules and conditions. For instance, a trader can only take trades with a 5% maximum daily loss and cannot dip below 10% of their overall balance.
Another rule is that a trader must close all their positions before they can receive a profit. Again, this is a strict requirement that FTMO enforces, requiring traders to demonstrate their skills. If they don’t meet this challenge, they will have to start again.
