Which forex broker does FTMO use? (2024)

Which forex 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.

What broker is FTMO using?

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.

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.

Can US traders use FTMO?

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.

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.

Is FTMO an ECN broker?

That's why we might be thinking that we are trading on an ECN broker, but in fact, we are not. If we want to find out what type of broker we are trading, we can ask the customer support of our broker, or we can try to open a trade during high-impact news.

Which forex prop firms use TradingView?

Does FTMO still use MT5?

For example, within FTMO, the number of MetaTrader clients has increased by 46% since 2020, but the number of clients using MetaTrader 5 has increased more than 15 times. While the number of MT4 clients was 10 times the number of MT5 users in 2020, today it is already 1.5 times.

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 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.

What country is FTMO from?

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

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 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.

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.

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.

What happens if you lose FTMO money?

Loss of the FTMO Trading Account: FTMO sets maximum drawdown limits that traders must adhere to. If your account balance falls below this limit due to trading losses, FTMO may terminate the trading account, and you would no longer have access to their capital.

Is FTMO fake?

Is FTMO a scam or safe? The FTMO system is safe and works if you apply proper risk management consistently over time, but it is not real money, only leveraged. A total of $29,000,000 has been paid out to traders on the platform.

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).

How much is the FTMO 200k 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.

How much do FTMO traders make?

What prop firms still use MT4?

What is the most used broker on TradingView?

What software do prop firms use?

DXtrade is a platform for prop trading and trading competitions.