FTMO Review 2023: Proprietary Trading and Beyond

Founded in 2014 and rebranded in 2017, FTMO is one of the more established names in the prop trading space, with traders in over 180 countries. The firm offers access to significant trading capital—if you pass its two-stage evaluation process.

In this FTMO review, we’ll break down the firm’s key features, tools, and pricing to help you decide if it fits your goals.

FTMO handles millions of trades each month. In 2021 alone, it paid out $29 million to traders, with an average payout processing time of just 8 hours. Overall, the company has paid out over $130 million to traders worldwide.

Funding accounts range from $10,000 to $200,000, with up to 1:100 leverage and profit splits between 80–90%. Traders can hold up to $400,000 in combined accounts—and potentially scale that to $2 million over time.

Although FTMO’s focus is on Forex, it also supports trading in indices, commodities, and crypto. The evaluation process involves two stages: the FTMO Challenge and the Verification phase. Both assess your ability to generate profits while staying within defined risk limits.

FTMO also offers educational resources, trading journals, and a free trial version of its challenge—useful for those wanting to test the waters before committing. The starting fee is €155 for a $10,000 account.

FTMO’s evaluation comes in two flavors: Normal and Aggressive. In both, traders must complete a two-phase challenge with specific rules on profit targets and risk.

The Normal Plan Requires:

• 10% profit in Phase 1
• 5% profit in Phase 2
• Max daily loss: 5%
• Max overall loss: 10%
• Minimum of 4 trading days per phase

Aggressive Accounts:

• Higher flexibility in losses (up to 10% per day)
• Higher profit targets (20% total)

All accounts include access to the scaling plan.

FTMO offers several proprietary tools designed to help traders track and refine their performance:

• Account MetriX: Tracks your challenge progress and stats
• Account Analysis: Breakdown of your trades after completing a phase
• Statistical App: Offers probability-based insights into market behavior
• Trading Journal: Logs trades and lets you reflect on performance
• Mentor App: Helps enforce personal trading rules and risk limits
• Equity Simulator: Models potential outcomes based on trading style
• Economic Calendar: Built-in tool to plan around key events

FTMO’s model depends on successful traders — it only makes money when you do. Key benefits include:

• Low Refundable Fee: One of the lowest in the industry — and refunded if you pass
• Track Record: Over $130 million paid out to traders
• Profit Splits: Starts at 80%, rising to 90%
• Diverse Markets: Trade forex, indices, stocks, commodities, bonds, and crypto
• Trading Tech: Tools to manage risk and improve performance
• Scaling Plan: Grow to $2 million in trading capital
• Trader Community: Access to shared resources and experience

FTMO supports:

• MetaTrader 4
• MetaTrader 5
• cTrader

All are free to use. Trades are executed on demo accounts with simulated capital.

Traders can access a range of asset classes, including:

• Forex pairs
• Commodities
• Indices
• Stocks
• Bonds
• Cryptocurrencies

Leverage depends on account type:

• Normal: Up to 1:100
• Aggressive: Up to 1:30

This gives traders flexibility to match their trading style.

FTMO offers five account sizes: $10K, $25K, $50K, $100K, and $200K. All but the $200K version are available in either Normal or Aggressive formats.

Fees range from €155 to €1,080, depending on the account size. Choosing the right option depends on your experience, strategy, and risk tolerance.

Your chosen risk level determines your limits:

Normal

• Max daily loss: 5%
• Max total loss: 10%
• Profit target: 10% (Phase 1), 5% (Phase 2)

Aggressive

• Max daily loss: 10%
• Max total loss: 20%
• Profit target: 20% total

More risk means more room to trade, but it also requires higher returns to qualify.

FTMO offers multilingual support through:

• Email: support@ftmo.com
• Live Chat: 24/7
• Phone: +442 033 222 983 (Mon–Fri, 8am–5pm CEST)

Support is available in 13 languages, and traders can also book in-person visits to the Prague headquarters.

FTMO combines capital access, structured evaluations, and performance-enhancing tools in one of the strongest offerings in the prop trading space. The process is competitive, but for traders who are prepared, it can lead to scalable, long-term opportunity.

Whether you’re new to prop trading or looking to level up, FTMO is worth considering. Just make sure the rules and risk model align with how you trade.
→ See full FTMO overview

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