FTMO

OVERVIEW

Based in the Czech Republic, FTMO has built a reputable presence over 8 years in the prop trading arena with Otakar Suffner as the CEO. The inclusion of industry-standard platforms like MT4, MT5, and cTrader offer a wide adoption among traders. Offering account sizes from $10,000 to $200,000, FTMO caters to a broad audience and employs a two-step evaluation process. The firm had some challenges targeting 10% in Phase 1 and 5% in Phase 2, and another option requiring 20% in Phase 1 and 10% in Phase 2. The two options allow traders to choose a challenge that suits their trading strategy. The maximum total drawdown ranges from 10% to 20%, accommodating different risk tolerance. It offers an extensive range of instruments, allowing traders to delve into Forex, Indices, Commodities, Stocks, and Cryptocurrencies. Additionally, the leverage options are extensive, with more aggressive ratios for normal trading and more conservative options for swing trading. The Normal leverage setting offers 1:100 on Forex and Exotic pairs, while Metals CFDs, Cash CFDs, and Futures CFDs can be traded with a leverage of 1:50. Alternatively, the Swing option reduces the leverage to 1:30 for Forex and Exotic currency pairs. Metals, Cash, and Futures CFDs are offered at a leverage of 1:15.

  • Forex
  • Indices
  • Commodities
  • Stocks
  • Crypto

Normal:

  • Forex – 1:100
  • Exotics – 1:100
  • Metals CFD – 1:50
  • Cash CFD – 1:50
  • Futures CFD – 1:50
  • Crypto CFD – 1:3.3
  • Equities CFD – 1:3.3

Swing:

  • Forex – 1:30
  • Exotics – 1:30
  • Metals CFD – 1:15
  • Cash CFD – 1:15
  • Futures CFD – 1:15
  • Crypto – 1:1
  • Equities CFD – 1:1
  • Forex – $3 USD/Lot
  • Exotics – $3 USD/Lot
  • Metals CFD – .0010%/Volume
  • Cash CFD – $0
  • Futures CFD – $0
  • Crypto – $0
  • Equities CFD – .0040%/Volu

FTMO’s Scaling Plan is a structured framework designed to facilitate the growth of traders who demonstrate proficient management of their FTMO Accounts. Traders under the FTMO Scaling Plan can scale up to a substantial maximum of $2 million per trader, and have the opportunity to earn up to 90% of the profits generated. The plan operates on a structured timeline, with capital increments occurring systematically every four months. A key criterion for scaling is the generation of at least a 10% net profit in four consecutive monthly cycles, averaging a 2.5% net profit per month. The eligibility for scaling up is automatically evaluated with each profit split. To qualify for scaling, traders must process at least two pay-outs within the four-month period. Additionally, at least two pay-outs must be processed within the four-month period, emphasizing consistent performance over time. 

Let’s consider a scenario where the trader achieves the following monthly performances.

  • Month 1: 2% net profit
  • Month 2: 3% net profit
  • Month 3: 3% net profit
  • Month 4: 3% net profit

In this case, the trader has achieved positive net profits in all four consecutive monthly cycles, averaging 2.5% net profit per month. The cumulative net profit over the four-month period would be 11%, meeting the minimum 10% requirement for scaling.

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