Is FTMO the best prop firm? (2024)

Is FTMO the best prop firm?

FTMO Investment Options

Which is better than FTMO?

FTMO vs The Trading Pit

There are several reasons why we found The Trading Pit to be better than FTMO, including: Lower challenge fee: To acquire their funded account, which provides you with $10,000 to trade with, you only need to pay a € 99 fee. This is slightly less than FMTO.

Why is FTMO banned in US?

FTMO have now restricted access to all new US-based traders as of January 2024. This appears to be related to regulatory issues and may have something to do with the recent My Forex Funds case.

What is the success rate of FTMO?

The FTMO challenge has a reputation for being extremely difficult to pass. Across FTMO's various account levels, it is estimated that only around 10% of traders are able to successfully complete the evaluation and become a funded trader. This means approximately 90% of those who attempt the challenge end up failing.

Can you use FTMO in us?

Please note that FTMO does not provide services to persons in/from (both nationals and residents) Iran, Syria, Myanmar, North Korea and USA, persons listed on sanction lists, persons with criminal records related to financial crime or terrorism, and persons previously banned because of breach of contract.

What are the top 5 futures prop firms?

The top futures prop firms are TopStepTrader, Jane Street, FTMO, 3Red Partners and The Trading Pit. Jane Street and 3Red Partners are very secretive about their fees and profit splits but they do offer some of the best technology and high-frequency trading.

Does FTMO actually work?

In conclusion, FTMO is a reputable proprietary trading firm that pays out profits to its traders as promised. The company has a transparent and reliable payout process, and numerous positive reviews from satisfied traders attest to this.

Can FTMO be trusted?

FTMO is a forex prop house: that is, a regulated company that provides you with a real account to manage by giving you 80% to 90% of the profits you will obtain once funded (they offered 70% until mid 2021).

Can you really make money with FTMO?

FTMO Account

Therefore, the Trader never gains access to a real "live account" or "margin account" etc. However, the FTMO Trader will receive a real financial reward for his trading on the FTMO Account, as long as his trading is profitable and there is no violation of the contractual conditions.

How many people fail FTMO?

There is estimated to be a 90% fail rate of traders that take the FTMO challenge. The reason behind this is due to traders chasing the profit target with a time restriction in place.

How many traders use FTMO?

Trading. Over the year, we have created more than 960,000 trading accounts through our platform for you. This total includes all FTMO Challenges, Verifications, FTMO Accounts, and Free Trials. More than 90,000,000 trades were executed on all accounts in 2021, indicating a reasonably active approach to trading.

Can you lose money with FTMO?

At FTMO, we understand that market conditions might vary and that's why we offer our traders a generous 10% Maximum Loss buffer and 5% Maximum Daily Loss. These conditions are in a ratio of 1:1 (loss to profit), which is the top industry standard. Our major aim is to cooperate with experienced traders.

What is the salary of a FTMO trader?

The average FTMO Evaluation Global salary ranges from approximately £55,000 per year (estimate) for a Trader to £300,102 per year (estimate) for a Quantitative Researcher. FTMO Evaluation Global employees rate the overall compensation and benefits package 4.2/5 stars.

Which broker does FTMO use?

MetaTrader is the most widely used program among forex traders, and that applies to FTMO traders as well. The program's environment is intuitive and straightforward, however, its modifiability gives modders space to make it even better and user-friendly.

How much money do you need for FTMO?

It is safe to say that you need at least $10,000 to consider day trading a full-time job. This amount of money is something not everyone can afford to put in the trading account, but if you are a profitable trader and you think you can manage our FTMO Challenge, you can trade up to $400,000 for our firm.

Why are prop firms closing in us?

Prop trading firms have been shutting down or suspending their services, particularly to U.S.-based clients, because of a crackdown from MetaQuotes, the company behind the popular MetaTrader trading platforms.

What does FTMO stand for?

The name of the company FTMO consists of the first letters of the names of four people (Filip, Tomáš, Marek, Otakar) who worked for the company at the time when the company decided to expand beyond the borders of the Czech Republic. Three of them are currently represented by the company's top management.

Will FTMO accept US clients again?

FTMO just banned US citizens: USA update – January 2024: Since the establishment of our company, our goal has been to provide top-quality services for our clients. Unfortunately, at present, we are not able to do that in the United States due to specific conditions in the market segment there.

What prop firm has the fastest payout?

Funding Traders offers some of the fastest, most flexible payout terms in the industry. As a funded trader yourself, this industry-leading prop firm empowers you to maximize profits and get paid faster.

What is the cheapest prop firm?

Is Prop firm worth it?

Prop trading is one of the most lucrative activities as the money you earn is determined by a profit-sharing ratio. Unlike brokers, for instance, which generate money from commissions or spreads, the prop firm benefits from directly trading or investing in the market.

Why is FTMO so expensive?

The fee covers the costs related to the FTMO Challenge provided by FTMO such as the designing, development, and operation of the FTMO platform (the technical infrastructure behind the provided educational services and applications).

Does FTMO pay monthly?

The Profit Split on an FTMO Account is done on a monthly basis by default, with the option to place a payout on-demand after a period of 14 calendar days from the first placed trade on the account.

Is FTMO a monthly fee?

FTMO Solution with a wide choice of assets across the board, with very low commissions and spreads. Use professional trader's leverage to your advantage with no imposed limits on position sizing. No recurrent charges, no membership or other hidden fees.

What is the max risk for FTMO?

Maximum Daily Loss is a crucial rule in not only our Evaluation Process but also during the performance of the FTMO Account. It is set as 5% (or 10% in case of an Aggressive risk mode) from the initial account balance.