Ftmo.com Review Is FTMO A Legit Forex Broker Or A Scam

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Ftmo.com Review: Is FTMO A Legit Forex Broker Or A Scam?

FTMO Review: this is the name of a Forex broker that offers traders a funded account and no location information. Is Ftmo.com legit or another scam broker?

We start out our reviews with the location of the company in order to find out the commission that regulates trade in that region. But for this broker, we have no detail on where it is based. It makes it impossible for us to find out under which authority it should be listed.

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Readers are to be aware that offshore locations are not regulated by any commission. Forex trading goes on without regulation in this kind of location making it a choice base for scam companies. Trading with a Forex broker that is unlicensed pose many dangers to traders’ funds. Misappropriated funds may not be recoverable by the government as well.

Further, since no commission is monitoring them, they are not under obligation to trade fairly. They would be less likely to follow trading rules set to guide those involved in the Forex market.

FTMO on the other hand seems like an “Introducing Broker” whose job is to garner clients for some other brokerages. This kind of brokers offer tempting conditions and then require their clients to open trading accounts with the companies they are partnering with. They mention some brokers like IC Markets, XM, Bossa, Admiral Markets and so on.

How FTMO Works

FTMO claims that if traders can meet their trading objectives they can get a funding of up to $10,000,000. But the requirements are high, clients are to use a capital of $100,000. Then within 10 days, they are to make a target of $10,000. The daily loss is set at maximum of $5,000.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

FTMO Trading Platform

FTMO offers traders the MetaTrader 4 and 5 trading platform. There is also an option of using the CTrader platform. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

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Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are not mentioned and this is an unusual find which we find discouraging. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

Maximum leverages offered is not mentioned and we find nothing on spreads as well. We are uncomfortable with this information gaps.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on FTMO

The means of making payments are: Bank wire, VISA, MasterCard, PayPal, and Skrill. We find that a popular e-wallet is available and this is encouraging because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

Minimum deposit seems to be the $100,000 we found mentioned on the page. This is higher than the obtainable average of $100 – $250 among brokers. Withdrawal fees are not stated and this is not encouraged as we prefer the broker to mention if they apply or not.

It is unclear if the trading is done on a simulated account or a live one.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is FTMO Licensed?

No. We do not find any mention of a registration or license on the page and we find it important to warn readers about this. Trading with brokers lacking license has never been wise.

Misappropriated funds may not be recoverable by the government as well. Further, since no commission is monitoring them, they are not under obligation to trade fairly. They would be less likely to follow trading rules set to guide those involved in the Forex market.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.


If you want to find out more about this broker or reach the customer support for assistance, fill the online form but this requires one to register as a member first.


We do not find anything encouraging about FTMO and we want traders to know that what the broker is offering is common and for cheaper rates as well. The broker seems shady and information is restricted on the website, we would like more details to be made available before giving it better rating.



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FTMO Review – Funded Forex Accounts Program

FTMO Review
  • Pricing & Fees


Have you heard about FTMO and their funded forex accounts program? FTMO is offering their clients training and more to help them become fund managers, but how legit are they? Before you buy, read our review to learn the truth.

What is FTMO?

In few words, FTMO is an online proprietary company which provides capital to traders, explicitly — successful traders who pass a challenge. The sole mission of the company is to seek out successful forex traders and turn them into Fund Managers by allowing traders to trade FTMO’s funded accounts and receive 70% of generated profits, whilst risking no funds of their own. Sounds pretty straightforward and very appealing, but is it really so?

The Beginning of FTMO

FTMO appeared on the market in 2020 under a different name ziskejucet.cz — ‘Ziskej Ucet’ literally translates from Czech as ‘Get your account’. The project was started in Prague by the current CEO and Founder Otakar Suffner and was essentially targeted at residents of Czech Republic. Anyone can still find ziskejucet.cz , as a matter of fact it is still fully operational and available for residents of Czech Republic, the main difference is the biggest initial capital provided by the company – 2,000,000 CZK which is roughly USD 86,000.

As the project grew and founders were able to secure more funding, in May 2020 the company launched their international version of the project under the name of FTMO.com , which is now widely known among Forex Traders.

What makes FTMO standout?

Unlike its competitors FTMO is well organised and appears to be truly focused on their clients (traders). Even though every challenge participant has to pay in order to participate in the Challenge and get a chance at managing FTMO’s capital, the company provides additional tools to help traders with their trading, daily access to fundamental and technical analysis, own account metrics, and most importantly — a Trading Psychologist. Yes, you read it right, FTMO offers a Trading Psychologist, pretty much like Wendy Rhoades from the popular Showtime series ‘Billions’. Another distinctive feature of FTMO is free trial. Free Trial allows traders to see how the Challenge is structured, access all the tools, and basically feel yourself in the shoes of a paying challenge participant without actually risking a dime.

Here is a brief introduction of FTMO’s psychologist:

FTMO Challenge

Challenge is the most important part of FTMO, to be frank, the whole business revolves around the challenge. Challenge is a two-step evaluation process, which is a way of vetting forex traders before anyone is offered any funding. Two steps are the Challenge and the Verification stages.

FTMO states that the course(challenge) is specifically tailored to discover trading talent within the trader. Upon successful completion of the Challenge, the trader is offered a placement in the FTMO Proprietary Trading firm, where traders get to manage capital of up to $100,000. Initial capital granted for trading after successfully completing the Challenge depends on the type of an account the trader chooses, we will discuss different account types a little bit later in this article. Funded FTMO Traders get to keep 70% of the profits generated, and if any losses arise the company will cover them.

FTMO Registration Process

Before taking part in the Challenge, traders have to register with FTMO, right away traders are given two options – Trial or a Full Challenge.

No matter which option is chosen, the very first thing to do, will be to provide general information for the Account, all the provided information can be modified at any later stage in the profile section of Client Area.

After submitting the details, FTMO will send an email to the provided email address with Client Area details and an email confirmation link.

Challenge Application

Once the trader gains access to the Client Area, it becomes necessary to apply for a challenge.

Challenge application requires traders to make quite a few choices: <>

  1. Base currency of the account: the choice is limited to EUR or USD
  2. Risk: Traders are faced with two options ‘Normal’ or ‘Aggressive’
  3. a) Normal risk option allows a maximum loss of 10%, as well as sets a profit target of 10%, while requiring traders to maintain no more than 5% loss on any given day.
  4. b) Aggressive risk option allows a maximum loss of 20%, as well as sets a profit target of 20%, while requiring traders to maintain no more than 10% loss on any given day. Even though profit target increases with aggressive risk option, it might still be a better option for high-frequency traders, basket traders and traders with overly aggressive trading systems, which require additional ‘breathing space’ for the trades.
  5. Initial Capital: Initial capital ranges from $10,000 up to $100,000. Higher capital requires higher participation payment, furthermore, choosing Aggressive risk will limit trader to a maximum of $50,000.
  6. Broker: FTMO offers a choice of 10 brokers – Admiral Markets, Purple Trading, IC Markets, BOSSA, XM Markets, Blueberry Markets, ThinkMarkets, CrescoFX, CMC Markets and GBE Brokers. All brokers offer a wide range of trading instruments, 50+ currency pairs, as well as some CFDs and Indices. If trading style requires tight spreads, FTMO made it possible to compare spreads of all their supported brokers right here: https://ftmo.com/en/broker-review/
  7. Account Type: type of accounts available depends on the chosen broker
  8. Trading Platform: same situation as with the account types, Trading Platforms are offered by the brokers, every broker offers MetaTrader 4, some offer MetaTrader 5, and Purple Trading offers cTrader.
  9. Billing Information: this information is taken from the registration form, however it can be modified, in order to match the billing details of the payment instrument, in case if they are different from the ones provided during registration.
  10. Last but not least is the payment for participation. Payment can be made in four different ways – Paypal, Credit or Debit Card, Bank Wire or Skrill. Paypal and Skrill will have 3% added to the billed amount, as a processing fee, because FTMO does not cover them.

Step 1 – Challenge Phase

The Challenge is the first step of trader evaluation process, and it can last up to 30 continuous days, but as long as trading objectives are met and no rules are broken, it can be completed earlier. Traders should bear in mind, that even if the challenge is complete before 30 days, it is necessary to have at least 10 trading days!

During the challenge, traders are required to meet the following criteria:

  1. Minimum of 10 trading days
  2. Not less than 50% of trading days to be positive
  3. Reach a profit target of 10%
  4. Maximum daily loss to remain under 5% of the total equity
  5. Make sure total loss on the account will never exceed 10%*

** In aggressive risk mode all the monetary requirements are 2x.

*!NB: FTMO’s ‘total loss’ actually refers to the drawdown, traders have to be very careful, since actual drawdown is based on the equity. If at any given moment account equity falls below 90% — the challenge is lost and so are the challenge participation fees.

Step 2 – Verification Phase

This is the final stage of the evaluation process. FTMO states that, the purpose of the Verification stage is to test the trading consistency of a trader. Verification phase has relatively lax rules as opposed to the challenge phase. In the Verification, the Profit Target is reduced by half and traders have to ‘survive’ and stay consistent for another 60 days. Once again, FTMO allows traders to complete this phase in less than 60 days, but not less than in 10 trading days.

During the verification, traders are required to meet the following criteria:

  1. Minimum of 10 trading days
  2. Not less than 50% of trading days to be positive
  3. Reach a profit target of 5%, as opposed to 10% during the challenge phase
  4. Maximum daily loss to remain under 5% of the total equity
  5. Make sure total loss on the account will never exceed 10%* (Drawdown)

** In aggressive risk mode all the monetary requirements are 2x.

FTMO Challenge Accounts

Traders who wish to take part in the challenge and get a shot at becoming a Fund Manager for FTMO can choose from 4 account types — challenge accounts have no difference between them except for the Initial Deposit amount promised by FTMO after completing the challenge.

If a trader would like to have a shot at a Funded Account with higher initial capital, but is unable or unwilling to pay the fee, FTMO has a scaling plan.

Scaling plan allows capital increase to take place in four-month cycles. For a capital increase, the trader has to reach a total gain of at least 10% in four consecutive months, out of which at least 2 months have to be positive. Traders who succeed with scaling objectives can request their capital to be increased by 25%. The best part about the scaling plan is that it has no ceiling — if a trader is consistently making 10% or over every 4 months, trading capital will keep getting increased by 25%.

Who can join FTMO?

Literally anyone from anywhere in the world can join FTMO, at least this is what the company claims to be the case.

However, before joining any Forex Challenge, it is advisable to look a bit further right away, to the point when the trader starts managing company funds. When traders trade for anybody, but themselves, it is considered Fund / Asset Management, and therefore some local restrictions might apply. We strongly advise all traders to seek advice from a local solicitor, whether such activity is permitted in the country, or whether certain certifications might be required.

Tools for Traders

As we mentioned in the beginning of this article, FTMO is not your regular Funded Account provider, they do go the extra mile when it comes to taking care of their traders. For this reason, FTMO has developed a couple of tools to help traders improve and learn from own mistakes.

Account MetriX

This is a custom tool developed by FTMO exclusively for their traders. Account MetriX is a web-based application, which monitors trader’s progress towards becoming a Funded Trader.

Account MetriX allows traders to have a full overview of the Trading Objectives

  • General information about your Challenge
  • u Overview of objectives
  • Balance and equity curve
  • Daily Summary
  • Daily loss for the day
  • Risk/Reward Ratio
  • Average Profit/Loss
  • Expectancy and Profit Factor

Every seasoned trader knows, that this information can be generated in trading terminal, calculated on their own or generated in more detail by services such as Myfxbook, FX Blue or MQL5. But even though, it is nice to have this information handy in your Client Area. It is especially nice to have a full overview of the goals and losses right in front of you, when you have invested your money in the challenge.

Statistical Application

The Statistical Application displays number-based probabilities of market behaviour that traders can use to their advantage.

This is indeed an interesting application, which many traders will find handy. We cannot comment on the accuracy of provided information, however some of the features are definitely beneficial. Range traders will definitely appreciate Range Analysis of the tool.

Mentor Application

The Mentor Application helps traders achieve better results through strengthening their discipline. It is worth mentioning, that Mentor Application only works in the Metatrader 4 and Metatrader 5 platform, it is not available for cTrader or any web-based platforms. Mentor Application is technically a sophisticated reminder or notifier, its purpose is to notify a trader via Alerts in Terminal, Emails or Push Notifications when certain predetermined conditions of the account have been met.

Economic Calendar

Last, but not least mention-worthy application is an Economic Calendar. Economic Calendar provided by FTMO has nothing special about it, as a matter of fact, it is below basic. Nevertheless, it has one very important purpose — it displays events during which trading is strictly prohibited. Trading 5 minutes before or after restricted events will be a cause for immediate account termination.

Future of FTMO

We reached out to FTMO’s management and asked them about any future development plans for their business, this is the response we received:

It is our long-term goal to create an international fund of successful retail traders and have investors to invest in our portfolio. Nevertheless, this is a long-term plan as we have stated. Currently, traders only manage private funds as we are still looking for more traders and developing our project.


Since FTMO is one of the oldest Funded Trader companies, and one that seems to be most engaging with their clients, they do have a decent amount of reviews. Average review score is 4.5, however, due to some suspicious reviews, we would like to refrain from commenting on objectivity this score. Many reviews on FPA https://www.forexpeacearmy.com/forex-reviews/15019/ftmo-forex-training seem very similar and almost repetitive. Reviewers are giving 5 stars to the company during a challenge phase, and for their tools, which as you now by now are simple tools provided by a lot of services. Another concern is endorsement of trading rules, FTMO’s trading rules are pretty strict and quite demanding, usually professional traders will be put off by such rules, not endorse them.

FTMO has an active thread on ForexFactory, which anyone can access by navigating here: https://www.forexfactory.com/showthread.php?t=707034 , the CEO himself is answering a lot of questions and assisting traders with their daily issues.

Conclusions For FTMO

Successful traders have many other ways to get funding, especially without paying a company for enforcing unreasonable set of rules, which are not only very strict, but will often be the main cause of failure. FTMO claims to be looking for serious traders, who can generate consistent profits, at the same time, they allow traders to finish both stages of the challenge within 20 trading days. Hardly any 20-day long activity can be considered consistent. No trading strategy will be profitable, let alone capable of delivering 10% every month. If a trader joins the challenge during one of unfavourable months, invested participation fee will be lost, as well as the opportunity to acquire funding from FTMO. Of course, if you are one of the traders who never had a losing month and 10% profit per month is nothing unusual – FTMO might be a great option.

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FTMO.com profile provided by FTMO support, Jun 13, 2020

We look for serious traders. We provide you a capital to trade with. Receive up to $100,000 account. You get 70% of profits. We cover the losses. Join today at FTMO.com


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Let other traders know if this service is worth checking or should be avoided.

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Consumer Reviews

Service use: Live

Length of use: 0-3 Months

Service use: Live

Length of use: 3-6 Months

Service use: Live

Length of use: 0-3 Months

I started trading with FTMO after I did my challenge and I do not have any problem with the company.
They always answer , helpful, and absolutely pay always.

Everybody is skeptic at the beginning but after when you got the lots of thousand dollars you do not hesitate anymore or wont be skeptic at all.

Service use: Live

Length of use: 0-3 Months

Length of use: 0-3 Months

Service use: Live

Length of use: 3-6 Months

Service use: Live

Length of use: 3-6 Months

Service use: Live

Length of use: 0-3 Months

Legitimate Proprietary Firm

Service use: Demo

Length of use: 0-3 Months

Service use: Live

Length of use: 3-6 Months

Been with FTMO for about 6 months now. Took me 4 challenges to get funded.

After funding, on my first profit split, I received the Challenge Fee + Profit Split.

Already received 2 Profit Splits with no issues.

FTMO can be trusted as a firm, and to us traders, they offer a great opportunity.

They still have things to improve, which I’m sure they will in the future, and I’m happy to work with them as a trader and grow together.

Better than blowing up your small accounts with high leverage, if you are looking for serious capital and serious opportunity, take that small account money, and invest in FTMO Challenge.

Frequently Asked Questions

What is FTMO?

FTMO is a company that runs a program where traders can pay a fee to trade FTMO’s real funds under rules set by FTMO and get paid with percentage of the profits they generate by trading.

Is FTMO good and regulated?

  • Is FTMO a good company?

Unbiased traders reviews on ForexPeaceArmy is the best way to answer if FTMO is a good or serious company. https://www.forexpeacearmy.com/forex-reviews/15019/ftmo-forex-training

Please come back often as company services are very dynamic and can improve or deteriorate rapidly.

Additionally, we’d recommend to check recent FTMO community discussions: https://www.forexpeacearmy.com/community/tags/ftmo/

  • Is FTMO regulated?

FTMO is not a broker. FTMO is not regulated or licensed by any government or non-government bodies.

In other words, there is no designated government or non-government body to supervise the activities of FTMO or to resolve complaints. .

Who can join FTMO?

FTMO doesn’t require any qualifications from traders who want to join FTMO.

FTMO accepts traders from all over the world as long as they are willing to join.

What brokers does FTMO accept?

FTMO doesn’t impose restrictions on the broker where the trading challenge and verification are carried on.

Traders have choices of their own brokers or the FTMO partnered brokers.

How does FTMO work?

3 main steps illustrate how FTMO works. Keep in mind, to participate this program, participants have to pay a fee.

  • Step 1: Challenge – Participants have to to succeed here to advance into the Verification stage. Prove their trading skills and discipline in observing the trading objectives and strict rules set by FTMO.
  • Step 2: Verification – Participants continue trading to pass the Verification and get ready for trading the FTMO’s funding partner’s capital.
  • Step 3: FTMO Trader – Participants become traders of the FTMO Trading firm. Trade and receive 70% of the profits generated by their trading.
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