Ftmo Reviews
Ftmo Customer Reviews (3)
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Ftmo Features and Benefits
FTMO is a Prop Trading Firm that offers a unique Evaluation Process for traders, consisting of an FTMO Challenge and a Verification. This process is designed to discover trading talents and enhance their skills.
Key features and benefits of FTMO include:
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Trading without risking personal capital: Traders are provided with an FTMO Account in a demo environment with a balance of up to $200,000 in fictitious funds. Despite trading on a demo account, traders can be rewarded for their performance with up to 90% of the simulated profits they generate.
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Comprehensive Evaluation Process: This process instills disciplined trading habits and verifies that traders can manage risk effectively.
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Risk Management Tools: These tools are designed to enhance trading performance and preserve profits.
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Flexible Profit Split Structure: Traders can receive up to 90% of the profits they generate.
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Dedicated Customer Support: FTMO provides professional support in multiple languages.
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FTMO Premium Programme: The best-performing FTMO Traders can progress into the Premium Programme, where they can be employed as professional traders with a fixed salary by Quantlane.
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Educational Resources: FTMO provides a range of features and services to help traders succeed.
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Global Presence: FTMO has traders registered from over 180 countries, showcasing its widespread appeal and trustworthiness.
Ftmo Pricing
FTMO has a scaled pricing structure that starts at €155 EUR and scales up to €1080 EUR. The trading capital provided for each challenge varies, ranging from €10,000 to €160,000 EUR. After securing funding, a monthly subscription fee is required, ranging from $115 to $375 per month. Traders also pay a performance fee of 5% to 20% on earnings.
Payment Method
Payment methods available at FTMO include bank wire transfer, debit/credit card, cryptocurrencies, and Skrill. However, due to regulatory reasons, bank transfers are not available for payments/payouts in the case of the following countries: Venezuela, Cuba, Sudan, and Ukraine.
As for withdrawing profits, even though FTMO Traders trade with fictitious capital only, they are entitled to obtain a reward in the form of real money if they can generate “profit” on an FTMO Account. 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.
The payouts are processed within 1-2 business days upon confirming the invoice. Profits can be received by a regular bank wire transfer, Skrill or cryptocurrencies. No commissions are charged for withdrawals. Whatever amount of profit generated, 80% of it can be withdrawn. If the conditions of the Scaling Plan are met, not only is the balance of the FTMO Account increased by 25%, but a 90% payout is entitled.
Ftmo FAQs
Ftmo Alternatives
Here are the top 10 alternatives to FTMO:
- OneUp Trader: Known for offering traders a funded account with a profit split of up to 80%. They provide funding for various markets, including stocks, futures, and forex.
- The5%ers: A unique alternative that focuses on forex trading.
- Leveled Up Society
- Earn2Trade
- Rocket21 Challenge
- Maverick Trading
- Secure The Bag
- TopstepTrader
- Surgetrader: Excellent for traders in search of straightforward, flexible trading conditions.
- Fidelcrest: Ideal for traders looking for high profit splits and a variety of trading instruments.
Each of these alternatives brings unique attributes and opportunities for traders. Understanding these platforms is key for traders in choosing the one that aligns best with their specific trading style and objectives. Remember, exploring different platforms broadens a trader's horizon, enabling them to find a platform that closely matches their trading philosophy and goals.
How To Open A Ftmo Account?
To open an account on FTMO, follow these steps:
- Register for an account.
- Begin the journey by creating a demo account. This allows learning how to use the system without spending money.
- Once comfortable with the demo account, move on to a traditional account.
- Accept the FTMO challenge. Complete all requirements to join the FTMO challenge.
After successfully passing the FTMO challenge, an FTMO account is granted. This account comes with top-rated trading conditions in the industry. The only Trading Objectives required to respect are the drawdown rules (Maximum Daily Loss and Maximum Loss), which are the most important rules as these are the fundamentals of trading.
The trading objectives for an FTMO Account vary based on the currency and the maximum allocation. For example, for a USD account with a max allocation of $400,000, the Maximum Daily Loss is $20,000 and the Maximum Loss is $40,000. The Profit Split is up to 90%.
Remember, to login to a new server, right-click on the Accounts tab and select Open an Account. There, add a new broker and select an existing trade account, where login credentials from the Client Area are entered.
Please note that the performance in the Free Trial or any other external track record cannot be used to receive an FTMO Account. The Evaluation Process is designed in a way to provide sufficient grounds to ascertain trading skills and allow the use of an FTMO Account.
Ftmo Return Policy?
The refund and returns policy of FTMO lasts 30 days. If 30 days have passed since your purchase, a full refund or exchange cannot be offered. To be eligible for a return, the item must be unused and in the same condition that it was received. It must also be in the original packaging.
Several types of goods are exempt from being returned. These include perishable goods such as food, flowers, newspapers or magazines. Products that are intimate or sanitary goods, hazardous materials, or flammable liquids or gases are also not accepted for return. Additional non-returnable items include gift cards, downloadable software products, and some health and personal care items.
To complete a return, a receipt or proof of purchase is required. The purchase should not be sent back to the manufacturer. There are certain situations where only partial refunds are granted. These include books with obvious signs of use, CDs, DVDs, VHS tapes, software, video games, cassette tapes, or vinyl records that have been opened. Any item not in its original condition, is damaged or missing parts for reasons not due to error. Any item that is returned more than 30 days after delivery is also subject to only partial refunds.
Once a return is received and inspected, an email will be sent to notify that the returned item has been received. This email will also notify of the approval or rejection of the refund. If approved, then the refund will be processed, and a credit will automatically be applied to the credit card or original method of payment, within a certain amount of days.
If a refund has not been received yet, it is advised to first check the bank account again. Then contact the credit card company, as it may take some time before the refund is officially posted. Next, contact the bank. There is often some processing time before a refund is posted. If all of this has been done and the refund has not been received yet, contact can be made at the provided email address.
Only regular priced items may be refunded. Sale items cannot be refunded. Exchanges are only made if items are defective or damaged. If an exchange for the same item is needed, an email can be sent to the provided email address and the item can be sent to the provided physical address.
If the item was marked as a gift when purchased and shipped directly, a gift credit for the value of the return will be received. Once the returned item is received, a gift certificate will be mailed. If the item wasn’t marked as a gift when purchased, or the gift giver had the order shipped to themselves to give to you later, a refund will be sent to the gift giver and they will find out about the return.
To return a product, the product should be mailed to the provided physical address. The cost of shipping for returning the item will be the responsibility of the sender. Shipping costs are non-refundable. If a refund is received, the cost of return shipping will be deducted from the refund. Depending on where the sender lives, the time it may take for the exchanged product to reach may vary.
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