Trading is difficult. As a trader, you may face many common problems such as:
- Trading an account that is too small (undercapitalisation)
- Fear of losing your own money
- Psychological pressures
- Lack of discipline
- Growth limitations
- Insufficient support from your surroundings
Making a living as a retail trader, especially if you intend to use your own money, is tough. With the FTMO Prop Trading firm, you can get access to an FTMO Account with up to $400,000 of fictitious capital and try what it’s like to trade without the actual risk of losing your money.
Having experience with trading ourselves, we understand that to be a great trader, you need more than just enough capital to trade with. It is in our interest to provide our clients with conditions under which they can perform at their best. Our clients will receive wide access to our innovative Trading Applications which can enhance their trading edge and they will also receive detailed feedback from our company. FTMO Traders may also periodically consult with our Performance Coach free of charge.
Then there is the trading discipline that we emphasize. You cannot be all loosey-goosey with the FTMO Account. We will carefully observe your trading results and provide you with an assessment in the form of the Account Analysis and Trader’s Analysis. Our rules are designed to teach you professional risk management habits and ultimately make you a better trader. No more over-trading, revenge trading, over-leveraging, etc.
Another issue traders face is the so-called ‘keep and grow or withdraw and go‘. Do you prefer compounding your account or rather enjoying your hard-earned profit? At FTMO, you can do both. With FTMO, once you get to the FTMO Trader stage you can receive real rewards for your performance. You can withdraw your reward anytime between 14 to 60 days from your first trade on your FTMO Account (Profit Split). Periodically, we can allocate more balance into your FTMO Account if you’re consistently profitable. Get paid and grow at the same time according to our Scaling Plan.
Last but not least, the initial fee that you’ve paid will be refunded to you with the first Profit Split from the FTMO Account.
FAQs
Our rules are designed to teach you professional risk management habits and ultimately make you a better trader. No more over-trading, revenge trading, over-leveraging, etc. Another issue traders face is the so-called 'keep and grow or withdraw and go'.
What is benefit of FTMO? ›
Our rewards come in various forms, including doubled balance boosts, a favourable 90% payout ratio, exclusive discounts on FTMO Challenges, and opportunities to scale up your trading balance.
What is one piece of advice for people starting the FTMO challenge now? ›
One piece of advice for people starting the FTMO Challenge now. Learn to control your emotions and stick up to your trading strategy regardless of what/how you feel.
Why is FTMO so hard to pass? ›
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. A trader doesnt know when a winning streak might occur, or when they may take a string of drawdowns.
Does FTMO actually pay out? ›
However, the FTMO Trader will receive a real financial reward for his trading on the FTMO Account, as long as his trading is profitable and there is no violation of the contractual conditions.
How hard is it to pass a funded account? ›
You need to have a solid understanding of how to manage risk in order to succeed. This involves setting stop losses, using leverage appropriately, and having a solid understanding of market trends. Keep in mind that the goal is not to make a quick profit, but to sustainably grow your account over time.
How to be successful in FTMO? ›
In today's article, we will try to describe the most important ones.
- Discipline. You cannot be successful without a disciplined approach. ...
- Control of emotions. ...
- Consistency. ...
- Trading plan. ...
- Patience. ...
- Hard work. ...
- Risk Management. ...
- Robust strategy.
His RRR (2.79) is also much better as it allows the trader to be profitable in the long run even if more than half of the trades end in a loss (success rate of 45.95%). The ratio of profitable to losing days is similar (7:8), but even in this case, it does not pose any serious problem.
Is FTMO trustworthy? ›
Having successfully operated since 2015, we provided thousands of clients with their FTMO Accounts, and in total, we have paid out over $160 million. We've also been featured in Forbes and awarded by Deloitte and EY multiple times.
How to pass the FTMO challenge quickly? ›
To achieve successful trading in the FTMO Challenge, there are some tips you can follow:
- Follow a disciplined approach to trading.
- Use specific indicators to identify potential trades.
- Minimize your losses and take profits.
- Look for confirmation on the daily chart.
- Keep an eye on the 20, 100, and 200 Moving Averages.
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.
What is the 2 minute rule for FTMO? ›
Be reminded that if your Stop Loss or Take Profit is activated/filled during the restricted time window of 2 minutes before until 2 minutes after, it may be taken as a violation of the FTMO Account Agreement. Other non-targeted instruments can be traded normally. E.g.
How many times can I fail FTMO? ›
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)
How many people pass the funded account challenge? ›
To put this in perspective, around 5,000 people a month were taking the challenge — with the numbers likely increasing far beyond this since. This is the 0.1% of traders, meaning that 99.9% of traders end up failing the challenge. And this is one of the reasons why.
Which is better than FTMO? ›
Are there any sites like FTMO? Yes, there are many sites offering similar services to FTMO. These include FunderPro, SabioTrade, the5ers and many more. If you are looking for an alternative to FTMO, FunderPro is currently rank as the number one on the list of top Forex Prop Firms.
