Discover what the internet is saying about FTMO.
Yay or nay?
Upgraded Reviews scanned the web to find out what real users are saying about FTMO.
See the highlights below and decide for yourself!
Table of contents
- ✅ Pros
- ❌ Cons
- ⚖️ Summaries
- 💸 Top Discount
✅ Pros
“It offers 1:100 leverage.”
“You can reach the customer support team 24/7 via email, live chat, or WhatsApp.”
“You can trade for a prop enterprises company without risking your own capital.”
“A large selection of tradeable cryptocurrencies and fiat currencies are available.”
“It offers high starting profit split at 80%.”
“The fee is refundable once a trader passes the evaluation process and make money with the funded account.”
“You invest with FTMO funds, not your own.”
“There are no fees after the refunded initial deposit.”
“There are high potential profits of up to 90%.”
“It has one of the best profit split schemes, where the trader can earn up to 90% of the profits, and at least 80%.”
“New traders receive 80% payouts, with the possibility of increasing to 90% if trading objectives are met.”
“Classic platforms such as MT4, MT5, and Ctrader are familiar to many traders. For these platforms, hundreds of indicators, scripts, and advisers have been developed.”
“It allows unlimited evaluation free retries.”
“There is high transparency regarding pricing, rules and account types.”
“Quite low testing cost is €155.”
“Tutorials, Q&As, webinars and discounts are available on partners’ educational websites.”
“FTMO helps trading of prop firms capital without the risk of losing your savings.”
“Out of all the prop firms, FTMO has the best reputation.”
“Comprehensive customer support is available.”
“It has a classic selection of platforms including MetaTrader 4 and MetaTrader 5.”
“You can enjoy high leveraged trading of up to 1:100.”
“Profit split occurs where traders receive between 80% and 90% of profits.”
“It offers profit split of 80%-90%.”
“The scaling plan is an excellent way to boost profitability.”
“FTMO has the lowest one-time fee of any proprietary trading firm I follow, and the fee is fully refundable once you’ve passed their evaluation process.”
“The verification stage imposes few trading rules and allows nearly any trading strategy, unlike alternative prop firms that also offer funded accounts.”
“It shares 90% Of profits with revenue share.”
“During the Challenge phase, you don’t have to worry about holding trades over the weekend or trading during news.”
“It requires relatively low opening deposit to take FTMO Challenge test.”
“CEO openly talks to the public.”
“You keep 70% of profits.”
“Candidates can choose a demo deposit from 10 thousand to 200 thousand US dollars.”
“Profit splits vary from 80%-90%.”
“Thanks to the generous leverage of 1:100 and the scaling plan, you can manage up to $2,000,000 of capital.”
“There are no swing trading limits.”
“The starting reward is 80%.”
“You can access data from liquidity providers.”
“Advanced tracking technology helps both beginner and professional traders with profit targets and risk management.”
“You can make back the money you paid for the account in just one trade.”
“All FTMO traders have access to a series of apps designed to help you with risk management and profit maximization.”
“In the funded account, you get 70% of all profits you make, which is better than most other firms.”
“There is a refundable fee after the evaluation stage Is over.”
“You can choose between a normal risk level or more aggressive accounts during the verification process (which affects the goals/loss limitations).”
“A high number of fiat currencies and cryptocurrencies are available for trading.”
“There are over 4k Trustpilot reviews with an excellent score of 4.9/5.”
“FTMO not only provides you with tools to analyse the performance of your trades, or improve risk management, but has also created some tools to help you with psychology and discipline, so you can make the most of your trading.”
“You invest with FTMO funds, not your own.”
“It is excellent for trading cryptos and fiat currencies.”
“They are eminently trustworthy and have paid out millions to their funded traders.”
“Free trial challenge is available.”
“It offers up to 90% profit splits.”
“Excellent reputation and extensive experience, which has enabled it to position itself as a prop firm leader in the sector.”
“It offers fast scaling plan.”
“Free trial subscription is available.”
“Tutorials, Q&A, webinars, and discounts on partner sites are available.”
“You can invest with FTMO’s money, not your own.”
“Profitable traders can increase their capital by 25% every four months with the escalation plan.”
“FTMO’s scaling plan allows their most skilled traders access to up to $2 million of trading capital.”
“If you ever have problems with your account or just a general trading question, a support rep is pretty much available for you right away.”
“Earning profits of anywhere from 80–90% is highly attractive; one of the best profit splits you’ll find in the market.”
“It has a very helpful customer support team.”
“Leverage is up to 1:100.”
“It is well-established and trusted.”
“FTMO has some of the best profit payouts in the business.”
“You keep 70% of the profits.”
“A wide range of trading instruments are available.”
“No recurring payments, just a one-off payment on account opening that is 100% reimbursed to you after passing the evaluation stage.”
“Support operates 24/7 and has a live chat as well as phone and email services.”
“Free trial option is available.”
“Low one-time fee is fully refundable after passing the evaluation process.”
💸 Top Current Discount
❌ Cons
“There is no waiting over the weekend.”
“You can only earn when you get to the professional account, unlike competitors such as The5%ers.”
“The funded account the company gives you when you pass the evaluation stage is a demo account with a virtual balance, unlike most prop trading firms where the account you trade on is a live account.”
“Limited trading platforms are available.”
“Unlike competitors like The5%ers, you can only earn once you have reached the pro account.”
“Strict requirements for the test period. The allowable maximum loss is 10% of the deposit amount. The target profit is 10%, for which 1 month is provided.”
“It has a thorough two-step evaluation process.”
“Even if you meet all the goals within the verification stage right away, you must continue investing until the minimum trading days have passed.”
“It is slightly more expensive than alternatives.”
“There are no bonuses or promotions.”
“It is not appropriate for investing in stocks and derivatives.”
“It could be better for trading stocks and futures.”
“Even though it’s the industry standard, some traders bristle at the two-step evaluation process.”
“Less initial capital volume available versus competitors such as Fidelcrest.”
“There is no information about how the company is funded.”
“Two-step evaluation process consists of various challenges and phases that many forex traders consider time-consuming and tedious.”
“Educational videos are not for skilled traders.”
“All FTMO traders remain on demo accounts, even if you pass the FTMO Challenge and become a fully funded trader.”
“According to the company the trades are replicated on your live account at their discretion and even with modifications in some cases, although this does not affect your profits, it may raise questions as to whether there could ever be a conflict of interest between FTMO and the trader.”
“Investors must complete two verification stages.”
“When taking the challenge, you have to have separate accounts of $100,000 (max 3 accounts).”
“There is no holding over the weekend.”
“It is not for beginning traders.”
“Strict testing procedure requires a maximum loss of 10%.”
“Like the name implies, the FTMO Trading Challenge is very challenging; it’s recommended that you take the free trial challenge if you feel you need the practice.”
⚖️ Final Say
Read the summaries of what reviewers think about FTMO below.
“FTMO is an online proprietary firm which provides capital to traders upwards of $300,000. As a trader, you get 70% of profits and FTMO keeps 30%. FTMO covers all the losses. I think it’s a very fair deal for both parties.”
“This is a proprietary trading platform that you can trust. While the initial testing period is very strict, our FTMO Challenge review found that it offers professional traders substantial rewards if they make it through.”
“I would recommend FTMO to anyone who is looking for a proprietary trading firm with straightforward rules. Note that they have been in the industry since 2015, and they are still providing extraordinary results and statistics while funding traders worldwide. After considering everything FTMO offers, we can easily say that they are one of the best proprietary trading firms in the entire prop firm industry.”
“FTMO offers successful traders the capital increase—i.e., a funded account—they need to start getting the returns they want. Best of all, the risk is extremely small, as traders can keep trying to pass both the challenge and the verification phase. Unless they end up with a negative balance at the end of the maximum trading period, they’ll only ever need to pay once!”
“FTMO is one of the best prop firms for forex brokers and swing traders. The evaluation is fair and transparent, the pricing is reasonable, and the profit shares are some of the highest in the industry. Overall, this is an excellent proprietary trading firm if you want to trade large accounts without risking your own capital.”
“FTMO offers many analysis and educational tools for novice or experienced traders to develop strong investment strategies. While its entrance program is rigorous, the firm goes to great lengths to support traders every step of the way. Its 90/10 profit split alone is enough to keep FTMO on your radar. If you want to get into prop trading, few places offer the chance to potentially make this kind of money.”
“FTMO has paid out over 70 million in profits to traders, and with its great trading conditions and wide range of features, you can see why it’s so popular. If you’re an experienced trader and want to try your hand at making a profit without a huge initial investment, FTMO might be a great option for you.”
“FTMO is an excellent trading firm for skilled traders with substantial trading experience. It provides challenging testing environments with rewarding trading payouts. The FTMO Challenge is designed to improve you as a trader and build consistency. Best of all, once you make your first profit share, you get your one-time fee back. As with any investment, make sure you are managing your risk and be careful not to blow up your account with the 1:100 leverage.”
“FTMO is an excellent proprietary trading firm for forex traders. The FTMO Challenge rules and Verification process are well-documented and transparent. The pricing is reasonable, and the supported trading tools are popular amongst traders.”
“My impression of FTMO remains positive. But after studying the conditions, it is clear that without trading experience, it makes no sense to try your hand at the test. Testing conditions are favorable for those who have worked previously with a demo account and are good at risk management. However, you can also gain experience on the company’s platform itself. There is a free version of the test that fully corresponds to the paid test.”
“Prop trading is an interesting option for investors in 2023 looking to increase their capital, but be sure to compare firms to find the one best suited to your needs. FTMO’s unique analysis apps and highly regarded customer support make it one of our top picks for traders looking to take their talent to the next level.”
“FTMO sets the gold standard when it comes to prop trading firms for three reasons: they offer the best profit splits, they’re eminently trustworthy, and they’re affordable.”
“With three different account types, there is something for every trader. Three different trading platforms are available and the trader receives his initial fee back after successfully completing the application process. Nevertheless, traders should keep in mind that there are also phases without profits, and trading, in general, is a risky business. Moreover, the application process is demanding and therefore suitable only for experienced traders with a profitable strategy.”
“With its tagline “For Serious Traders,” FTMO supports almost all trading strategies and styles, making it a great fit for most traders. And even beginners can join FTMO, with the Trading Academy providing the tools to break into proprietary trading. Whether you’re into forex or crypto, FTMO delivers on all fronts with few restrictions and competitive payouts.”
“FTMO has been able to differentiate itself from other prop trading firms thanks to its simple rules, which are very easy to understand and follow. On the other hand, the profit split is one of the best, giving up to 90% of the profits to the trader. It also offers unique tools and materials that you cannot find in other companies of its kind.”