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FTMO Review: How it works, fees, customer support


FTMO Review

Prop trading is an exciting way for experienced investors to speculate on the financial markets with serious capital and low risk. FTMO is one of the leading firms in the forex prop trading space, with over 6000 new members joining in 2020. This review covers account types, leverage, FTMO Challenge rules and more.


What is FTMO?

FTMO was founded in 2017 by owner Otakar Safner with the aim of providing funded accounts to talented traders. The company is based in the Czech Republic, headquartered in Prague. Since its launch, the firm has grown rapidly and has won several awards including the Deloitte Rising Star Award in 2019 and 2020.

The company has a good reputation with highly developed apps to aid trading strategies and top-rated customer support.

FTMO offers a variety of trading instruments including Forex, Commodities, Indices, Cryptos, Stocks and Bonds, as well as multiple platforms such as MetaTrader 4, MetaTrader 5 and cTrader. Users can start trading for up to $200,000 and once the verification process is complete, they can keep up to 80% profit. FTMO's largest single payment was over $40,000.


How FTMO works?

The FTMO evaluates the skills and abilities of potential traders through a two-stage evaluation process: the first stage is the FTMO Challenge, and the second stage is the verification.

Once this process is successfully completed, users are offered a professional account. Traders can then manage up to USD 400,000 with leverage up to 1:100 and continue to grow the account according to the scalping plan.

Users technically trade on a demo account at all stages of the process - even as a professional trader. The FTMO account is linked to the firm's live trading account with real capital.

Here's our guide to getting started with FTMO:

1. Select your account

Account types are divided by risk level (general versus aggressive) and capital level. Once you decide which plan is best suited for you, choose a currency (USD, EUR, GBP, CZK), sign up and open an account.

2. Choose Your Platform

FTMO is available on MT4, MT5 and cTrader. MT4 and MT5 are available to download on desktop devices. cTrader is available to download as a mobile app from the Google Play Store and Apple App Store. You can also use Prop Firm's WebTrader, which is available on the desktop without any download.

3. Start the FTMO Challenge

Before you can start making profits, you must complete the evaluation process. Phase 1 is the FTMO challenge. You will have to pay a fee, which will depend on your chosen risk and capital level. This is a one-time fee that will be reimbursed after you earn your first profit.

There's also a free trial challenge option if you want to try before you buy. This 14-day trial gives you a taste of the challenge and allows you to refine your skills.

4. Follow Trading Objectives

Each account type has its own rules that you must follow in order to continue to the next step. These objectives include maximum trading duration (30 days), minimum duration (10 days), maximum daily loss, and profit target (10% or 20% depending on your chosen risk level).

If you reach the profit target before the maximum trading period, you can proceed to the next step. If you miss the profit target but don't break any other rules like breaching the maximum daily loss, you will get a second chance to complete the challenge for free.

5. Verification

The second step of the process is known as verification. This is where you have to prove yourself again, but this time it's free. A few days after completing the FTMO Challenge, you will be sent your verification login details. Verification follows the same rules as Challenge, but with a maximum trading period of 60-days and a half profit target.

Again, if you fail the FTMO verification by missing the profit target but don't break any other rules, you can repeat the challenge for free.

6. Become a Funded Professional Trader

Once you have successfully completed all the requirements in the evaluation process, you will be able to invest professionally with the FTMO-owned trading firm. You will have to do standard KYC verification to get paid.

As a professional trader you must follow the same loss rules, but there is no maximum trading period, no profit target, and no minimum trading days. Professional users keep 70% of the profits made in their account.

Note, your position is copied to the proprietary trading firm's live investment account along with real capital.

7. Scaling Scheme

If you're trading profitably, you can use FTMO's growth plan to achieve a 25% capital increase every four months. To be eligible for the increase, you need to have at least 10% in profit over the past four months (i.e. an average of 2.5% profit a month) and have two out of four months ending positive.

There is no limit to the scalping plan - in a year and a half of successful trading, you can manage up to 600k.



There is a single fee for signing up which is calculated according to your capital level and risk plan. This fee is refunded with your first payment and there are no monthly or other recurring charges. FTMO Bank accepts a variety of payment methods including wire transfer, debit/credit cards and Skrill. The proprietary trading firm places no limits on user locations or nationality, so whether you are in Kenya, India or the USA, you can join FTMO.


Account types are divided into 10k, 25k, 50k, 100k and 200k challenges. Each challenge has a risk level (Normal or Aggressive) except for the 200k challenge which only has a normal risk level. When deciding which level to go for, consider your trading strategies and experience. On aggressive account you are allowed big losses but high profit target. FTMO prices range from €155 for a 10k challenge to €1080 for a 200k challenge.

Challenges are represented in USD, but you can try them out in different currencies - a 100k challenge can cost you 100k USD, 80k EUR or 70k GBP depending on your chosen currency.

You can have multiple accounts, but FTMO has a maximum initial capital allocation of $400k (or $200k for aggressive accounts). This means you can have two 200k accounts or four 100k accounts. Scalping is not counted in the initial capital allocation amount. Note that you have to pay for each new account and pass the challenge. You can merge FTMO accounts by contacting customer support if they have the same risk and currency setup.

All accounts provide up to 1:100 leverage and access to over 100 FX pairs including USD/EUR, USD/GBP; Crypto such as Bitcoin (BTC) and Ripple (XRP); stock; bond; Indices like the US30 and commodities like gold (XAU/USD).

All accounts come with unique trading tools and apps such as Account Metrics, Mentor Application and Equity Simulator. These tools can help you monitor and improve your performance, and are only available to FTMO traders.

Other account terms to keep in mind include:

• There is no lot size limit

• You can use all the usual trading tools, such as stop loss and candlestick charts

• You can trade on FTMO using any strategy including scalping, hedging or EAs

• Users cannot trade on weekends, or on long market breaks - this is called the two-hour rule. If the rollover is less than two hours, you can stay in your position overnight. Make sure you are aware of the trading hours and holiday sessions of your chosen market. For example, most cryptocurrencies like bitcoin have extended trading hours.

• Be careful in trading news. The FTMO has some restricted events, such as the issuance of specific macroeconomic reports. Traders cannot open or close positions two minutes before or after these events. Check the firm's economic calendar to find out when this is happening, and use a time zone converter if necessary.



Returns are paid through monthly profit sharing. Users will have to invoice the FTMO and the money will be sent to your account via regular bank wire transfer or Skrill. FTMO charges zero commission for withdrawals. You will receive a Withdrawal Certificate as proof of payment.

You can invoice a prop trading firm as a company or as an individual. Make sure you manage your income in line with your country's tax rules. For example, if you are doing business from the UK, you will pay tax on income over £12,500. Consult a local tax advisor to ensure compliance with relevant regulations.




• Free Trial Challenge

• You keep 70% of the profit

• Comprehensive customer support

• You invest with FTMO funds, not yours

• Discounts on tutorials, Q&A, webinars and partner educational websites

• Profitable traders can increase their capital by 25% every four months with the scalping plan


• Lower starting capital amounts available than competitors such as Fidelcrest

• Thorough, two-stage evaluation process

• No holding over the weekend



FTMO is not a broker so it is unregulated. The company has a thorough two-stage evaluation process with a relatively low pass rate. This ensures that only competent traders make it to professional condition. New traders can use the free demo account to pay the fee to join FTMO and refine their skills before starting the challenge.


Customer Support

FTMO's customer support team has a good reputation and is available in 13 languages ​​in case something goes wrong, like a payment is cancelled. Business hours are 24/7 for email and live chat and 8am - 5pm (CEST) for phone calls Monday - Friday:

• Email:

• Telephone Number: +44 2033222983

• In-person appointments at his office in Prague

You can also visit an online FTMO shop that sells merchandise themed merchandise such as T-shirts, hats and posters. Another great way to learn more about the company is by watching FTMO Challenge reviews on YouTube.



Prop trading is an interesting option for investors looking to increase their capital in 2021, but be sure to compare firms to find the best fit for your needs. FTMO's unique analytics app and highly regarded customer support make it one of our top picks for traders looking to take their talents to the next level.


Frequently asked Question (FAQ)

Q. What is an FTMO Trader?

An FTMO trader acts as a contractor and invests through a proprietary trading firm. After completing the two-stage valuation challenge, investors can trade with real capital to earn serious profits. 

Q. Is FTMO a Hedge Fund?

No, FTMO is not a hedge fund. It is a Limited Company and a Proprietary Trading Firm. To register for an account, visit the company's website. 

Q. Is FTMO a Pyramid Scheme?

No, FTMO is not a pyramid scheme - it is a proprietary trading firm. Potential users must go through a two-stage evaluation challenge before being allowed to trade with the firm's capital. 

Q. What can you trade on FTMO?

Users can trade CFDs and other derivatives on over 100 pairs including Forex (GBP/USD, EUR/USD, and USD/JPY); Commodities such as gold (XAU) and silver (XAG); indices such as US30 and UK100; Crypto pairs such as BTC/USD, LTC/USD and XRP/USD, and many more. Note, trading on the NASDAQ100 (NAS100) is not possible with FTMO.

Q. How is FTMO taxed?

After we sign the contract, you will be receiving up to 90% share of your achieved profits on the FTMO Account. You will need to deal with taxes on your own, according to your country’s laws and tax regulations.

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