My review of FTMO.
About the company.
Based in Prague, Czech Republic, since 2014, they have grown very fast in becoming possibly the best known forex funder; their popularity is the result of offering a refund of the enrolment fee to successful traders, a free 2nd attempt at the evaluation program if you don’t break any rule yet don’t manage to reach the profit target in time, and the same amount of risk is offered as profit required, and static drawdown (not trailing like most other funders). I appreciate the openness in showing in their website all the members who make the core team at FTMO.
Impeccable! On Trustpilot, Forex Peace Army, and all other socials, I particularly enjoy their interviews to the funded traders; I have also interviewed the founder Otakar Suffner here. I truly appreciate the fact that they display in their website a template of the funded trader’s contract.
Education and tools offered.
Here is where FTMO truly shines: trading academy, webinars and video tutorials, even a qualified psychologist for performance coach; even a vast array of proprietary Metatrader Apps: account metrix, statistical app, account analysis, trading journal, mentor app and equity simulator.
Programs and rules.
FTMO offer a 14 day free trial, generous capital increase, up to 3 funded accounts, with static drawdown; they offer as much risk as profit required (very few funders do this); phase 1 lasts 30 days while phase 2 lasts 60 days with halved profit target!
Clear your cookies, visit FTMO for the 5% discount available once for any of the challenges, without expiration date, to new clients.
FTMo is the most popular forex funder and for good reason: you are in safe hands with them. Having a fixed drawdown, instead of trailing, and as much risk offered as profit required makes its evaluation programs the most balanced, a great framework for the novice trader to learn and improve his performance. I don’t see a single good reason why we shouldn’t trade with FTMO, I wish they offered Futures!
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Watch this short video to get a good idea about FTMO: the company, the online presence, the rules and evaluation programs.