FTMO: A Prop Firm for Traders
FTMO is a proprietary trading firm that provides traders with access to capital and a community of like-minded traders. The firm was founded in 2015 with the goal of providing traders with a fair and transparent opportunity to become successful in the markets.
FTMO’s headquarters are located in Prague, Czech Republic, and the firm has a global presence with traders from over 100 countries participating in their programs.
FTMO’s Trading Programs
FTMO offers two trading programs for traders:
|Program||Initial Capital||Maximum Leverage||Profit Split|
|FTMO Challenge||$100,000 or $200,000||1:100||70% to trader, 30% to FTMO|
|FTMO Verification||$100,000 or $200,000||1:100||80% to trader, 20% to FTMO|
The FTMO Challenge is the first step in becoming a funded trader with FTMO. Traders are required to trade a demo account and reach certain profit targets within a specified timeframe to pass the challenge. Once the challenge is passed, traders can move on to the FTMO Verification stage, which involves trading a live account with FTMO’s capital. If the trader is successful, they will receive a profit split with FTMO.
Benefits of Trading with FTMO
Access to Capital
One of the biggest benefits of trading with FTMO is access to capital. Traders who pass the FTMO Challenge and Verification stages are given access to FTMO’s capital to trade with. This provides traders with the opportunity to trade larger positions and potentially make more profit than they would with their own capital.
Community of Traders
FTMO also provides traders with access to a community of like-minded traders. Traders can share their strategies, insights, and experiences with each other, which can be invaluable for improving their trading skills.
Fair and Transparent Trading
FTMO prides itself on providing traders with a fair and transparent trading environment. There are no hidden fees or restrictions on trading styles or strategies, and traders have full control over their positions. FTMO also offers daily statements and reports, so traders can easily track their progress and performance.
Flexible Risk Management
FTMO’s trading programs allow traders to use their own risk management strategies, giving them the freedom to manage their positions and trades as they see fit. Traders can set their own stop-loss levels and take-profit targets, and can adjust their positions as the market conditions change.
No Losses for Traders
Another unique aspect of FTMO’s trading programs is that traders are not responsible for any losses. FTMO covers all losses up to the initial capital provided to the trader, which means that traders can trade with confidence and focus on making profitable trades.
FTMO is a popular prop firm for traders looking to gain access to capital and a community of like-minded traders. With their fair and transparent trading environment, flexible risk management options, and no-loss guarantee, FTMO provides traders with an opportunity to become successful in the markets. If you’re a trader looking to take your trading to the next level, consider applying to FTMO’s trading programs.