Did you hear about FTMO and their forex funding program ? FTMO is offering the clients various amounts of funding program are they legit? Before you join, read our Ftmo reviews to know the reality.
WHAT IS FTMO?
In their words, FTMO is a company that provides funded accounts to trade, those who successful pass a challenge and verification stage. The main objective of this company is to find out successful forex traders.
FTMO’s funded accounts offers 70% of profits while risking nothing of your own, Sounds interesting right ? read out our ftmo review
Overview Of Ftmo Reviews
The idea to start the FTMO project, which was initially called Ziskejucet.cz, was conceived in 2014 in a small Prague office where a handful of young daytraders, including the three future founders, joined their forces. You can see us in the picture on the right. Each contributed to one’s trading system and different ideas about money and risk management.
Despite our different approaches to trading, we have something in common: The awareness that professionalism can only be achieved through strong discipline in observing one’s own rules. By maintaining rigorous self-discipline, one reaches a point where team spirit and unobtrusive supervision of other traders form the backbone of conscientious and successful trading, Ftmo Reviews based on users.
Ftmo Stages | Ftmo Challenge Rules
Well there are 2 types of account they provide Agressive and Normal. There Ftmo Challenge Rules that you need to follow. please read carefully our ftmo review
The FTMO Challenge is the first step of the evaluation process. You need to succeed here to advance into the Verification stage. Prove your trading skills and discipline in observing the Trading Objectives, its important that you don’t violate the ftmo challenge rules.
The Verification is the second and the last step towards becoming the FTMO Trader. Once you Pass the Verification stage and your results are verified you will be offered to trade for our Proprietary Trading Firm.
You are becoming a trader of the FTMO Proprietary Trading firm. Trade responsibly and consistently and receive 70% of your profits. If you consistently generate profits on your FTMO Account, we can scale your account according to our Scaling Plan.
Why to select Ftmo ?
- FTMO gives a wide choice of assets such as forex, commodities, crypto or shares
- Trade with your own style with no limits or restrictions on strategy.
- Live Chat, E-Mail or arrange a call with them
- No recurrent charges, no membership or other hidden fees. Moreover, the fee is automatically reimbursed to you with the first profit withdrawal.
Regulation: No regulations (Since they are not broker’s)
Account size: 10k, 25k, 50k, 100k
Currency: USD, EUR, GBP, CZK
- Profit target: 10% on challenge and 5% on verification (No profit traget on real account)
- Daily stops: 5% of account size (Same applicable to real account)
- Total drawdown: 10% of account size (Same applicable to real account)
- Postion holdings: Monday to Friday (Not allowed on weekends)
- Account type: Commission (3$ for 1.00lot)
- News trading: allowed but no news scalping
- Trading period: 30Days for challenge, 60days for verification, indefinite for real account
- Deposits: Paypal, Skrill, Visa, Master card, debit card
Platforms: MT4, MT5, Ctrader
Found in: 2014
Why it is difference from any other ftmo reviews ?
We at investing.lk focus on the quality of the service than the quantity so we took the challenge of 10k for our Review purpose. So as you can see our review are not based on the raw information available in the internet we actually took the challenge and update the review as we go. We followed Ftmo challenge rules to trade, so make sure you don’t forget it.
The Tools Available On Ftmo Challenge
In this section as you can see it shows the current results. We took 10k account challenge and completed it. we are waiting for the verification process and we will update this article once we complete verification and withdrawal process.
In this phase you are able to see what are all the objectives you need to complete to finish the the challenge.
Ftmo challenge Details:
Trading Journal :
In this area you can see the buys and sell made and your all postions
Shows all the positions opened during the process
Displays trade daily details
This Mentor App helps traders gain good results through setting daily limits accordingly . This Mentor App works only on Metatrader 4 and Metatrader 5 platform, it is not available for cTrader. Mentor App works as a reminder. The main objective is to notify the trader via Alerts in Terminal, Emails, or Push Notifications when certain conditions of the account has been met.
This economical calendar is very much useful, you can identify high impact news, we also own our economical calendar you can visit it here Economic Calander
Lets Jump to Ftmo Challenge Review
This section will be updating as soon as we complete each steps
We took the Challenge on 29th October, we made around 43$ loss on this day.
On 3oth of October we didn’t make any huge progress as we didn’t find any trading opportunities we came back with 5$ profit on this day.
On day5 that is 2nd of November we made around 92$ it was a huge come back.
Day6 & 7
Well this was an Amazing day because of us election, Last week market was clam because uncertainty in American economy. This was a great day we made around 850$.
We made another 48$ on day8, so our Challenge account Profit target was cleared. we need to trade 4more days to complete the challenge, because we need to open positions on each day for 10days.