pros & cons of ftmo prop firm

@brenda_lesotho - 7 months ago - Forex Brokers

ftmo prop firm seems like a good one but I havent had the time to do sufficient research on them. Please anyone traded with ftmo, what are their good and bad side?

@liam_calgary - 7 months ago

Hi brenda, I have taken a challenge with FTMO and here are some of my observations about them

The Good Side:

1. FTMO allows a 14-day free trial of their platform so you can register and trade under test conditions for free.

2. Evaluation plans are easy to understand

3. Refundable fees (if you pass the 2-step challenge your initial purchase fee is refunded)

4. Popular MT4, MT5, cTrader platforms are available

5. Scaling is allowed, so if you reach your profit target FTMO will increase your account balance & increase your profit split from 80% to 90%

6. Leverage up to 1:100

7. Forex, Indices, Crypto, Metals, Commodities & even custom symbols can be traded

8. Customer support is great & they respond quickly

The Bad Side

1. High challenge fees (the chepest challenge costs 89 euros just for a $10k account)

2.No instant funding challenge (minimum trading days is 4)

3. Profit split is not 100% (its actually 80%)

@tony_xhan - 7 months ago

I have used ftmo and i can only comment on the pros. I like the fact that the popular trading platforms are supported (for me is use MT5 but there is also cTrader) and i also like the fact that they allow you a free trial period to experiemnt with their services. This is invaluable to me.