This post is also available in: 日本語
Hello! I’m the manager of a prop trading firm!
Recently, “prop firms” have become a hot topic.
In this article, we will explain in detail FTMO, a long-established prop firm.
- Those who are interested in the prop firm “FTMO”
- Those who want to know how to start FTMO in detail
- Those who want to earn big from a small amount of capital
- Looking for a prop firm to challenge after Fintokei
By reading this article, you will learn how to earn money as a prop trader using FTMO.
I myself have passed the FTMO Trader test and have a consistent track record of withdrawals.
My conclusion, based on my knowledge and experience in trading, is that if you have trading experience, you should challenge FTMO!
Get certified as a veteran prop firm FTMO trader and earn solid profits while limiting your risk.
If you want to start FTMO right away, without reading the overview, please read the “How to Start” section in the second half!
》Click here to learn how to start FTMO
FTMO | What is a Prop Firm?
FTMO is a leader in the prop trading industry that emphasizes safety, with a long track record of reliability and recognition.
In Japan, Fintokei has a monopoly on the image, but FTMO has an overwhelming reputation by world standards.
It is a financial company that specializes in dealing (buying and selling transactions) using the company’s own funds. It does not raise funds from outside, but operates only with its own funds.
The FTMO project began in 2014 in a small office in Prague, Czech Republic.
Since then, it has continued to maintain solid management.
FTMO aims to find, nurture, and develop promising traders into professionals.
If you’re aiming to become a prop trader, you can’t miss “FTMO”!
Features of FTMO
As mentioned above, FTMO is safe and reliable, so I will explain its structure and features.
FTMO Mechanism
Traders can challenge FTMO’s challenge plan, and if they clear the evaluation process, they can receive a “performance reward” according to their actual earnings.
Since the transactions themselves are conducted on a demo account, personal assets are not affected even if losses occur.
Therefore, there are no subsequent costs or losses other than the challenge purchase fee.
I feel that this mechanism, which allows you to earn profits while testing your skills risk-free, is a major attraction of FTMO!
FTMO’s Unique Premium Stage
FTMO offers a premier program for elite traders.
The Premier Program has three statuses: “Prime,” “Supreme,” and “Quantlane.”
You can challenge each status by meeting the standards set by FTMO.
Achievement Conditions for the Premium Program
By passing these programs, you can receive various benefits and rewards, and trade under exceptional conditions.
Even after passing the FTMO Challenge, which will be described later, the best stage is in place, so if you are seriously aiming to become a prop trader, you may want to challenge yourself to this level!
FTMO Challenge Plan
The FTMO Challenge Plan is a 2-step evaluation process.
I will specifically explain the achievement conditions and challenge costs for the evaluation steps.
FTMO Challenge Achievement Conditions
FTMO’s challenge achievement conditions are typical compared to other prop firms.
Rather, it can be said that other companies are imitating the conditions of FTMO, which is a long-established company.
You can choose the initial capital for the challenge plan from five types.
FTMO Challenge Purchase Price
The conditions for achieving each evaluation process are all the same, and only the challenge purchase fee differs.
The challenge purchase fee will be refunded upon the first withdrawal after achieving the conditions!
FTMO Withdrawal Cycle
FTMO’s withdrawal cycle is 14 days. In other words, the shortest withdrawal after passing is 14 days later.
Unlike regular FX brokers, you cannot withdraw your profits immediately.
However, the more you rush to make a profit, the higher the chance of disqualification.
Aim for solid trading, thinking that it will take 1-2 months to achieve + 14 days to withdraw.
》Click here to learn how to start the FTMO Challenge
Benefits of FTMO
FTMO boasts outstanding stability in the industry and is a prop firm that you should definitely use.
I will specifically explain the benefits of using FTMO.
- FTMO is the safest in the industry, so you don’t have to worry about withdrawal refusal
- You can manage large funds even with a small amount of capital
- Trading is possible with limited risk
- Profit split ratio is 80% (with scaling)
- FTMO has reasonable spreads
- No time limit to complete the FTMO Challenge
- FTMO has an excellent environment for future career stages
FTMO is the Safest in the Industry, so You Don’t Have to Worry about Withdrawal Refusal
The most important thing when trading using a prop firm is “safety.”
Not having to worry about withdrawal refusal is an important factor when trading.
As I said repeatedly, FTMO is the most reliable prop firm with the longest operating history in the industry.
It is also listed on the overseas prop firm evaluation site “PropFirmMatch,” and the Trustpilot score is 4.8 out of 5, the highest standard.
It is a consumer review site for companies and their products around the world, founded in Denmark in 2007. It is said that approximately 1 million reviews are posted every month.
In this way, FTMO, which has a high level of safety, is definitely a prop firm that I want to use as my main.
You Can Manage Large Funds Even with a Small Amount of Capital
Not limited to FTMO, the biggest advantage of using a prop firm is that “you can handle large funds even with a small amount of capital.”
Needless to say, FX is overwhelmingly advantageous with a large amount of funds.
Individual traders can trade with a fund amount that they can never get their hands on, and can aim for a large profit.
FTMO offers up to $200,000 in funding.
There are few prop firms that offer such a large amount of funds, so the point on the funding side is high.
By the way, you can manage up to $400,000 by having multiple accounts.
FTMO Allows Trading with Limited Risk
This is the same for any prop firm, not just FTMO, but the risk is only the “challenge purchase fee.”
If you pay only the challenge fee, you can aim for profits with a large amount of funds.
Also, since the trading itself is done on a demo account, there is no risk of losing personal funds.
Moreover, if you pass, the challenge purchase fee will be returned, which means you will get your money back.
FTMO can be challenged from 155 euros (approximately 25,000 yen) with the cheapest plan.
FTMO’s Profit Split Ratio is 80% (with Scaling)
FTMO’s profit split ratio is set at 80%, which is one of the highest levels in the industry.
After clearing the step evaluation, you can receive 80% of the profit you make.
Here is an example of the reward…
- Initial capital: $100,000 (approximately 15.5 million yen)
- Profit: $1,000 (approximately 150,000 yen)
- Reward: $800 (approximately 120,000 yen)
A profit of $1,000 is 1% of the initial capital, so you can see that you can earn a solid reward even if you keep the risk down to this level.
The challenge fee for a $100,000 account is 540 euros (approximately 88,000 yen).
After being certified as an FTMO trader, you can get your money back if you make a 1% profit.
Furthermore, the profit split ratio can be increased to a maximum of 90% through the scaling system.
This is a particularly big advantage for those who have a foundation in trading skills!
FTMO Has Reasonable Spreads
FTMO’s spreads are set narrower than other companies in the industry.
Also, the transaction fee is $2 per one way, which is the lowest level in the industry.
Even though it is a prop firm, spreads and transaction costs are important points when trading.
A low-cost environment is welcome in order to minimize losses and increase profits!
No Time Limit to Complete the FTMO Challenge
FTMO does not set a time limit for completing the challenge, so you can trade at your own pace without being rushed.
This allows you to wait for a strong opportunity and trade steadily.
Please note that if you leave your account unattended for a long period of time, your account may be closed.
FTMO Has an Excellent Environment for Future Career Stages
As mentioned at the beginning, FTMO also offers future steps for elite traders.
This Premier Program is divided into three statuses: “Prime,” “Supreme,” and “Quantlane,” and you can challenge each status by meeting the requirements set by FTMO.
At the highest level, “Quantlane,” there is also a chance to earn a 2-year contract fixed salary.
In other words, you can play an active role as a member of the FTMO team!
As expected, the purpose is to “discover promising traders and develop them into professionals.”
For those who want to build a full-fledged career as a prop trader, the best possible environment is in place.
Disadvantages of FTMO
I don’t think there are any major disadvantages to using FTMO, but if I had to say, here are two:
- Challenge fee is expensive
- Basic language is English (solved with Google Translate!)
Challenge Fee is Expensive
FTMO sells reliability and safety, so the challenge fee is slightly higher than other prop firms.
Also, coupons are not always issued, and they only hold limited-time sales occasionally.
On the other hand, it can be said that the management base is solid and there are abundant funds.
Basic Language is English (Solved with Google Translate!)
FTMO’s official website does not support Japanese.
However, in this day and age, you can solve it with Google Translate in one shot.
As shown in the image, you can right-click anywhere on the screen and select “Translate to Japanese” to display it in Japanese.
Like this, the Japanese translation is sometimes strange, but there is no problem at all in understanding the content!
Let’s hope that the number of Japanese users will increase in the future and they will support Japanese.
FTMO Rules (Prohibited Items)
This applies not only to FTMO, but prop firms require solid trading without gambling elements.
That’s natural.
Prop firms operate only with their own capital and want to build a WIN-WIN relationship with traders.
The following methods may be considered gambling, so be careful.
- Hedge trading, arbitrage trading
- Martingale, Nanpin, Pyramiding
- Transactions within 2 minutes before and after the indicator (standard account after passing the challenge)
- Carrying over positions on weekends (standard account after passing the challenge)
EA use is permitted, but EAs with the same logic may be considered copy trading, so it is safer to refrain from using automated trading EAs.
The rules are subject to change, and I would like to explain them in a separate article later!
What is the Pass Rate and Difficulty of FTMO?
The pass rate of FTMO is not disclosed, but the difficulty is average.
Rather, it can be said that other companies are setting conditions based on FTMO’s standards.
If the difficulty is average and the sense of security is outstanding, you will be able to trade stably not only during the challenge but also after passing.
How to Start FTMO (No Coupons, but there is a Discount Plan Only for the First Time)
Now, I will explain how to start FTMO.
It will take 5-10 minutes to complete, so let’s do it right away.
First, access the official FTMO website.
・Access the official website and click “Register” on the right
・Enter the required information and click “Register” below
・Activate when you receive an email
A confirmation email for creating an account will be sent to the registered email address, so click “VERIFY EMAIL” to activate it.
The expiration date is 3 hours, so we recommend checking it immediately.
When you move to My Page, you will see a screen like ↓, so click “New FTMO Challenge” in the upper left.
The selection input screen ↓ will appear, so fill in the required items.
- Trading Account Currency: Settlement currency at the time of transaction (currency of initial capital)
- Account Balance: Initial capital balance
- Account Type: Account type (*)
- Platform: Trading platform
- Billing Info: Enter personal information
- Payment Currency: Currency when paying the challenge fee
- Check the agreement to the terms
- Standard account: Suitable for day trading (leverage 100x, weekend position carryover NG)
- Swing account: Suitable for swing trading (leverage 30x, weekend position carryover OK)
After entering the required information, click “Confirm & Proceed Payment” to proceed to payment.
You can select EUR, USD, CZK, or GBP as the currency for payment.
If there is no particular reason, select the upper left is OK!
Once the payment is complete, the login information for the challenge account will be sent to your email address.
You can download the platform from “Download” on My Page.
You can start trading by logging in to MT4!
Let’s do our best to pass the challenge!
Summary
This time, I have explained FTMO in detail.
I will summarize FTMO once again!
- A prop firm is a financial company that trades only with its own capital
- FTMO’s purpose is to develop promising traders and nurture them into professionals
- FTMO has a unique premier program
- There is a mechanism that allows you to earn profits while testing your skills risk-free
- The only cost you bear is the challenge purchase fee
- The difficulty of the challenge achievement conditions is average
Again, FTMO has an outstanding sense of security and provides an ideal environment for traders.
Challenge now and get big profits with minimal risk!