FTMO, founded in 2015 and based in Prague, Czech Republic, is a prominent proprietary trading firm known for its innovative and supportive approach to nurturing trading talent. Led by CEO Otakar Suffner, FTMO offers traders the opportunity to manage accounts up to $200,000 through a structured evaluation process. This process includes the FTMO Challenge and Verification stages, which are designed to assess and refine trading skills.
In the FTMO Challenge, traders must meet specific objectives, including a 10% profit target with a maximum daily loss of 5% and an overall maximum loss of 10%. Upon successful completion, traders move on to the Verification stage, where the profit target is reduced to 5% while maintaining the same loss limits. Once traders pass Verification, they become FTMO Traders, gaining access to an FTMO Account with no profit targets and the same loss limits.
FTMO accounts come in various sizes, ranging from $10,000 to $200,000. Traders can earn up to 90% of their profits, and consistent performance can lead to account scaling, increasing the account balance by 25% every four months. The firm also offers a unique Swing Account for traders who prefer no restrictions on holding positions over the weekend or during macroeconomic releases.
FTMO supports its traders with a suite of educational tools, including custom trading apps, account analysis, and performance coaches. The company also boasts a top-rated customer support team available in 16 global languages, ensuring traders have the assistance they need throughout their journey.
Traders can try FTMO's evaluation process for free with a shortened version of the FTMO Challenge, providing an opportunity to experience the trading conditions before committing. Additionally, FTMO's payout system is flexible, allowing traders to request payouts as soon as 14 days after achieving profits, with customizable profit split days.
FTMO offers trading on popular platforms such as MetaTrader 4, MetaTrader 5, DXtrade, and cTrader, providing real market conditions with super-raw spreads, low commissions, and no markup on demo trading accounts with virtual funds.
The firm's story began in a small Prague office in 2014, where a group of young day traders, including FTMO's founders, collaborated to create a disciplined and professional trading environment. Today, FTMO aims to build a global community of successful retail traders and create an unparalleled investment portfolio for investors.
FTMO's modern offices in Prague's historic center feature numerous amenities, including phone booths, meeting rooms, a recording studio, and a rooftop terrace with stunning city views. The company's team is composed of dedicated professionals who work together to provide top-notch customer care, analytical trading environments, and high-quality education for their traders.
By maintaining rigorous self-discipline and fostering a collaborative spirit, FTMO continues to lead the way in the modern prop trading industry, offering traders worldwide the tools and opportunities they need to achieve financial independence.
