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FTMO
FTMO is a renowned prop firm (Proprietary Trading Firm) that offers qualified individuals the opportunity to trade company funds in exchange for a share of the profits. The qualification process for traders consists of two steps: the FTMO Challenge and FTMO Verification. The FTMO Challenge serves as a basic evaluation of a trader's skills and discipline. Participants are required to pay fees based on the selected account size, leverage, and risk mode. Upon successful completion of the challenge, traders proceed to the FTMO Verification, which follows similar rules but with a longer time interval and half the profit target. The verification process is free of charge. One of the key benefits of being a successful FTMO trader is the potential to earn up to 90% of the generated profits on a monthly basis. Additionally, traders are entitled to an account scaling up plan, which offers a 25% capital increase every four months with no cap. FTMO provides traders with a range of tools to enhance their trading experience, including the Mentor App, Trading Journal, Statistical App, and Equity Simulator, among others. To gain further insights into FTMO, it is beneficial to read reviews from traders who have successfully passed the challenge. If you have personal experiences with this prop firm, please share your thoughts and feedback. FTMO's approach to prop trading offers a unique opportunity for skilled individuals to trade with company funds and reap the rewards of their success. With a range of tools and a transparent qualification process, FTMO aims to empower traders and foster a professional trading environment.
FTMO Challenge
The FTMO Challenge serves as a basic evaluation of a trader's skills and discipline. Participants are required to pay fees that vary based on the selected account size, leverage, and risk mode. This evaluation helps FTMO identify traders who have the potential to generate consistent profits.FTMO Verification
After successfully completing the FTMO Challenge, traders move on to the FTMO Verification stage. This step is free and follows similar rules to the Challenge, but with a longer time interval and half the profit target. Traders who pass the Verification stage become part of the FTMO trading team.Profit-Sharing and Account Scaling
Successful FTMO traders are rewarded with up to 90% of the generated profits on a monthly basis. Additionally, they are entitled to an account scaling up plan, which offers a 25% capital increase every four months with no cap. This allows traders to gradually grow their trading capital and potentially increase their profits over time.Tools for Traders
FTMO provides traders with a range of tools to enhance their trading experience:- Mentor App: A mobile application that offers guidance and support from experienced traders.
- Trading Journal: A tool to track and analyze trading performance, helping traders identify strengths and weaknesses.
- Statistical App: Provides statistical analysis and data visualization to aid in decision-making.
- Equity Simulator: Allows traders to simulate different trading scenarios and assess potential outcomes.
Feedback and Reviews
If you are an FTMO trader who has successfully completed the challenge, we encourage you to share your experiences with this proprietary trading firm. Your feedback can help others make informed decisions about working with FTMO. Please note that this review is independent and does not contain any personal recommendations or conclusions. It is solely based on the information provided about FTMO and aims to provide a neutral perspective for readers. If you would like to leave your feedback about FTMO or any other forex broker, you can do so on the forexroboteasy.com website.forexroboteasy.com
1 review
As a curious trader, I've recently embarked on the FTMO trial experience, leaving me both excited and slightly skeptical. Unsure at first, I've decided to test the waters of this trading platform, diving headfirst into their trial before committing to their most affordable challenge package. In this comprehensive review, I detail my experience going toe-to-toe with the trading forces within the platform, intending to update my journey's authenticity and credibility regularly. We've recently seen a rising trend in companies introducing a 'pay to play' model where you pay a fee, participate in a trading challenge, and, upon winning, your reward is a fully funded trading account. FTMO has adopted this model, and the big question is - does it live up to its hype and promises? Well, 'Is FTMO really what they claim to be?' is what we're about to find out as I unravel my journey in real-time. Come with me as I transform from a skeptic to, possibly, an advocate or detractor. Together we'll discover if FTMO is indeed a worthwhile investment or just another trading gimmick, leaving multiple unanswered questions in its wake. Stay tuned as I continue to update my progress and experiences on this platform, with my eye keenly on the prize. A fully-funded trading account is an enticing possible outcome, but the road to that goal is still yet unknown. Let's see if FTMO really does offer a valuable, credible experience that lives up to its claims.
1 review
Dipping my toes into the trading world with FTMO right as we speak. It's a bit too early to form a definitive opinion on if they deliver what they claim or if it's all smoke and mirrors. I have shelled out funds to take part in their trial round and plan on scaling up to the most economical challenge they offer, to truly test the waters. My intention is to reveal through this experiment if their proposition holds water or not - whether this is a legitimate platform that provides the opportunity to earn, or just another clever ruse preying on eager, hopeful traders. In the rapidly evolving trading landscape, there's no dearth of platforms offering similar challenges, but they all promise the same end goal - a funded account for those who manage to emerge victorious. It's an exciting prospect indeed but the truth remains to be seen. Under the magnifying glass is, FTMO, their structure, their so-called 'cheapest challenge', and ultimately the reality of their promise - a funded account, allegedly given to winners. Stay tuned as I'm on a mission to uncover this for the benefit of all, to call a spade a spade. The veil will soon be lifted, and the truth of the matter, whether bitter or sweet, will be laid bare for all to see. It’s time to dig deep and expose the reality lying beneath the polished facade, no stone unturned. Rest assured, I will keep this space updated in my quest to demystify the FTMO challenge. Let's gear up and embark on this journey together. The trading world is full of endless paths; I aim to shine a light on this one. Until then, keep an eye out. The truth will soon be unveiled.
1 review
As part of my quest to discover authentic trading opportunities, I recently embarked on the journey of exploring FTMO's trial. Despite the oscillating opinions and reviews I’ve come across, it was important for me to personally put their services under the microscope and find out for myself if they are indeed true to their words. At present, I am engaged in their trial period, eyeing up the prospects of advancing to their most affordable challenge. My promise to potential readers and fellow traders is this - I will keep you abreast of the developments, sharing my personal experience, and enlightening you on the legitimacy of FTMO's touted offers. Interestingly, the notion of ‘pay-to-enter challenges’ has been gaining momentum in the trading arena, with several companies already vying for attention. FTMO is no exception. Their intriguing model of offering funded accounts upon winning their challenge piqued my curiosity, tempting me to delve deeper and hopefully, glean insights to share. This development, while supposedly brimming with opportunities, also warrants a healthy dose of skepticism. Hence, as someone currently on the frontline of this venture, I am motivated to unravel the truth behind it all. So, stay tuned, as I strive to determine whether FTMO is setting an innovative trend by giving ambitious traders a leg-up, or simply fanning a flame with empty promises. Whether it's a cleverly arranged ruse or a stepping stone to a financially rewarding trading journey - we shall soon find out."