What broker does FTMO use? (2024)

What broker does FTMO use?

You can trade your FTMO Challenge, Verification, and FTMO Account on some of the most popular retail platforms – MetaTrader 4

, MetaTrader 5, DXtrade, or cTrader.

Which broker is closest to FTMO?

FunderPro: FunderPro is the most popular alternative to FTMO. It has a similar two-step challenge process, but the requirements are slightly more lenient. For example, the FunderPro Challenge requires a 10% profit target in 30 days, while the FTMO Challenge requires a 12% profit target.

What platform to use with FTMO?

FTMO offers its traders the most popular trading platforms, MetaTrader 4 and 5, as well as cTrader.

Does FTMO use TradingView?

In addition to the most popular trading applications offered by FTMO to its clients, the TradingView website, which is also very popular among traders, offers an interesting analytical service.

Does FTMO use cTrader?

In addition to the MetaTrader platform, FTMO also allows traders to use the cTrader platform.

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.

How much does FTMO broker charge?

The broker/provider charges you a transaction fee whenever you open a trade. In FTMO, commissions for currency pairs are $3/lot, for metals and equity CFDs they are based on percentage/volume. Equity CFDs have a commission of 0.0040% per lot, metal CFDs (XAG, XAU, XPT and XPD) have a commission of 0.0010% per lot.

Which prop firm is the best?

#1 – Funder Trading

Funder Trading stands first in our list of the top prop trading firms in 2024 due to multiple reasons but notably it is the only prop trading firm that offers options funding and includes coaching for every trader signed up.

Who is better than FTMO?

Yes, there are many sites offering similar services to FTMO. These include FunderPro, the5ers and many more. If you are looking for an alternative to FTMO, FunderPro is currently rank as the number one on the list of top Forex Prop Firms.

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.

Which prop firms use TradingView?

Is FTMO a broker?

No. As FTMO does not operate as a broker or in that industry, they are technically unregulated by any governing body like the FCA.

Which broker is linked to TradingView?

Tradingview supports integration with dozens of brokers globally across stocks, options, forex and crypto. Popular US stock brokers like Etrade, Interactive Brokers and TD Ameritrade are supported. For forex, brokers such as Oanda, FXCM and IG Markets allow you to trade currency pairs directly on Tradingview.

Can Americans use cTrader?

Replies. cTrader is free to be used by anyone. It's the brokers that offer cTrader that are not allowed to offer their services in the US.

What country is FTMO from?

FTMO is a leading firm in the field of modern prop trading based in the Czech Republic.

Is FTMO taxed?

Please bear in mind that you are solely responsible and liable for the payment of any and all taxes, levies, or fees that apply to you in relation to the FTMO Account Agreement under the applicable laws and regulations.

How many people fail FTMO?

According to FTMO statistics, only about 10% of traders are able to pass the funded account challenge at any account level. This means approximately 90% of aspiring funded traders fail the evaluation and are unable to gain access to the firm's capital.

Why prop firms are closing?

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.

Is FTMO banned in Russia?

Here's a full list of FTMO banned countries (as per January 2024): United States of America (US) The Russian Federation. India.

How much is a 200k FTMO account?

In conclusion, the FTMO 200k account price is $485, which covers the one-time fee for the Challenge and Verification stages. Traders must also deposit a minimum of $5,000 to start trading the $200,000 account.

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.

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).

Do you need a Series 7 to trade at a prop firm?

Each Representative shall be required to pass the Series 7 General Securities Representative Qualification Examination unless his or her activities are so limited as to qualify him or her as a Proprietary Trader as specified hereafter.

What is the cheapest prop firm?

Is FTMO the best prop firm?

FTMO Investment Options

One of the main reasons why FTMO is a good prop firm is their investment options. They offer traders the opportunity to trade with their own capital, as well as access to additional capital from FTMO.