FTMO Review

Are you considering FTMO as a prop trading firm? In this comprehensive review, we will dive into the features, evaluation process, funding options, risk management rules, and support provided by FTMO. Whether you’re an aspiring trader or an experienced professional, this review will help you determine if FTMO is the right fit for your trading goals. Let’s explore the world of FTMO and see what it has to offer.

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Features of FTMO

FTMO is a prop trading firm that offers unique features and opportunities for traders. Here are some key features of FTMO:

1. Prop Trading Firm Concept: FTMO follows the concept of prop trading, where traders can trade the firm’s capital and keep a portion of the profits. This enables traders to access larger trading accounts and potentially increase their earnings.
2. Trading Evaluation Process: FTMO has a structured evaluation process to assess traders’ skills and risk management capabilities. Traders are required to meet specific rules and parameters during the evaluation phase to prove their trading abilities.
3. Funding Options: FTMO offers a range of funding options for traders, including the option to fund their accounts with their own money or use the firm’s capital.
4. Risk Management Rules: FTMO has strict risk management rules in place to ensure traders maintain disciplined trading practices and adhere to best practices when trading with the firm’s capital.
5. Support: FTMO provides traders with 24/7 customer support and access to a wide range of educational materials, such as webinars and trading guides.

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Benefits of Trading with FTMO

FTMO offers numerous benefits for traders of all skill levels:

1. Low Risk: With the firm’s strict risk management rules in place, traders can feel confident that their risk is managed.
2. Access to Larger Trading Accounts: Traders can access larger trading accounts, as they have the option to trade with the firm’s capital and keep a portion of the profits.
3. Comprehensive Evaluation Process: FTMO has an extensive evaluation process in place to ensure traders meet all the requirements before trading with the firm’s capital.
4. Support from FTMO: Traders have access to 24/7 customer support and can benefit from the educational resources offered by the firm.

Risk Management Rules

FTMO has developed a robust set of risk management rules designed to protect both the trader and the firm. These rules are as follows:

1. Maximum Daily Loss: Traders are not allowed to lose more than a certain percentage of the trading account in a single day. This prevents extreme losses in volatile market conditions.
2. Maximum Position Size: FTMO sets a maximum limit on the size of a single trade. This helps to diversify risk and prevent overexposure in one trade.
3. Trading Period Restrictions: Traders cannot open new positions during certain high-risk periods, such as economic news releases.
4. Maximum Open Trades: There is a limit on the number of trades that can be opened at any given time. This rule ensures traders are not overexposed to market risk.
5. Profit Split: Traders share a percentage of their profits with FTMO, which encourages responsible trading behavior and aligns the interests of the trader and the firm.

These rules are strictly enforced, and traders who fail to comply may lose access to their trading accounts. This strict adherence to risk management rules is one of the aspects that make FTMO a highly regarded prop trading firm.

Support and Resources

FTMO stands out for providing exceptional support and resources to its traders. Traders have access to a 24/7 dedicated customer support team, ready to help with any queries or issues that may arise during trading. The firm also provides a wealth of educational resources, including an expansive Learning Center complete with webinars, articles, and video tutorials. This allows traders to continue developing their skills and knowledge, ensuring they are well-equipped to optimize their trading performance.

Moreover, FTMO provides traders with sophisticated analytical tools for performance evaluation. These tools help traders identify strengths and areas for improvement in their trading strategy. All these resources, combined with FTMO’s commitment to the trader’s success, make it a strong choice for traders aspiring to elevate their trading capabilities.

Review

• Quality of Service: 9
• Range of Services: 8
• Customer Support: 7
• Reputation: 6
• Security/Regulations: 8