FTMO
About FTMO Company
The FTMO company holds a special position in the market, combining elements of a classic broker, trading school, and a competitive platform for traders. Its work experience began in 2015.
Unique Offer from FTMO
The main advantage of FTMO is a constant challenge for those who wish to test their trading skills. Upon successful completion of the challenge, the user is offered the opportunity to trade with “FTMO” funds and share profits with the company, moving into the category of professional account managers.
Structure and Contacts
FTMO’s website lists three divisions registered in Prague, Czech Republic. The main structure is named FTMO Evaluation Global s.r.o. Contact information includes addresses and phone numbers of all front offices. Regulation of the broker’s activities is not specified, and there is no information about representations outside of the Czech Republic.
Trading Instruments and Platform
- Forex
- Industrial indices
- Cryptocurrency
- Stocks
- Bonds
- Commodities
FTMO offers clients the opportunity to choose from three trading platforms: MetaTrader 4, MT5, cTrader, and also provides its own trading applications.
Trading Accounts and Conditions
The company’s advantage lies in the competitive element and the selection of the best traders for future cooperation. The minimum deposit starts from $10,000, the amount depends on the chosen currency.
- 30-day trading period
- Minimum of 10 days of active trading
- Target profit $1,000
- Maximum loss $1,000
- Daily loss not exceeding $500
Deposits and Withdrawals
- US dollars
- Euros
- British pounds
- Czech crowns
FTMO clients can use various payment methods: bank transfers, credit and debit cards, cryptocurrencies, Skrill. The commission for withdrawals through cryptocurrency wallets and Skrill is 3%.
Conclusion
FTMO offers unique conditions for traders, however, the transparency and trader ratings raise certain questions. The entry cost can be high, starting from $10,000. Information about the challenge and selection process is more detailed than about the trading conditions, which should be considered when choosing a broker.