{"id":12731,"date":"2024-06-27T20:33:06","date_gmt":"2024-06-28T00:33:06","guid":{"rendered":"https:\/\/finestel.com\/blog\/?p=12731"},"modified":"2024-06-27T20:34:13","modified_gmt":"2024-06-28T00:34:13","slug":"ftmo-review","status":"publish","type":"post","link":"https:\/\/finestel.com\/blog\/ftmo-review\/","title":{"rendered":"FTMO Review: Is it Really the Best Way to Raise AUM?"},"content":{"rendered":"

Many traders like myself have the necessary experience and knowledge to trade profitably. You might have discipline and a strategy that works. However, not all of us have a minimum of $10,000 to trade on. This number might be the least capital required for you to make ends meet with trading. That\u2019s where top prop trading firms<\/a> like FTMO come in. In this article, I\u2019m going to provide an FTMO<\/a> review based on my own experience as an FTMO trader.<\/span><\/p>\n

I\u2019ll begin the article by explaining what FTMO is and how it works (and prop firms in general). Then, I\u2019ll demonstrate the FTMO prop firm\u2019s value proposition and why traders go for FTMO funding. Finally, I\u2019ll take a look at FTMO reviews by users, give my own verdict, and introduce an FTMO alternative for traders who are not satisfied with prop firm trading and are seeking another method to raise AUM.<\/span><\/p>\n

What Is FTMO?<\/b><\/h2>\n

To understand what the FTMO prop firm is and how it works, we first need to analyze what prop firms are in general. Prop trading firms<\/a> or funding companies claim to offer significant AUM to profitable retail traders. So, if you have a consistently winning strategy, they will provide you with trading capital. Of course, this is if you prove your profitability. Moreover, they also take a share of your profits for their compensation as investors.<\/span><\/p>\n

\"FTMO<\/p>\n

FTMO is the most popular and reputable prop firm in the trading industry. Even if you\u2019ve not tried to go down the prop firm rabbit hole, I\u2019m sure you\u2019ve heard of FTMO several times. FTMO offers traders with loaded accounts to trade on if they prove their competence in the FTMO challenge. Upon passing, they will then take a specific share of the profits made on the account as performance fees.<\/span><\/p>\n

While this is a very tempting offer, all prop firms work like this. However, what has made FTMO so huge is its great reputation and widely-known reliability. So, FTMO is arguably the best prop firm available. Yet, does it mean that it\u2019s also the best way to raise AUM as a pro trader? We\u2019ll answer this question soon.<\/span><\/p>\n

What Is an FTMO Challenge?<\/b><\/h2>\n

An FTMO challenge is essentially like a test. You will pay a specific amount to take part in the FTMO challenge and prove your profitability. The FTMO challenge price is, of course, dependent on the size of the account you\u2019ll go for. Moreover, the FTMO evaluation is a two-step challenge, and you need to pass both to get funded.<\/span><\/p>\n

\"What<\/p>\n

If you pass the FTMO challenge, you will be granted a funded account with the pre-specified amount to trade on. From this point on, every dollar you make on the account will be shared between you and the FTMO prop firm. But let\u2019s not get ahead of ourselves and analyze the FTMO challenges in more detail.<\/span><\/p>\n

What Are FTMO Challenge Rules?<\/b><\/h3>\n

Well, you might be asking, how does FTMO evaluate me? Well, there are certain FTMO challenge requirements and targets that you should follow and achieve in order to pass the challenge. Here\u2019s a quick look at the FTMO challenge rules:\u00a0<\/span><\/p>\n

\n\n\n\n\n\n\n\n\n
Rules<\/strong><\/td>\nStep 1<\/strong><\/p>\n

FTMO Challenge<\/strong><\/td>\n

Step 2<\/strong><\/p>\n

Verification<\/strong><\/td>\n

Step 3<\/strong><\/p>\n

FTMO Trader<\/strong><\/td>\n<\/tr>\n

Trading Period<\/strong><\/td>\nUnlimited<\/span><\/td>\nUnlimited<\/span><\/td>\nUnlimited<\/span><\/td>\n<\/tr>\n
Minimum Trading Days<\/strong><\/td>\n4 days<\/span><\/td>\n4 days<\/span><\/td>\n–<\/span><\/td>\n<\/tr>\n
Maximum Daily Loss<\/strong><\/p>\n

(% of initial balance)<\/strong><\/td>\n

5%<\/span><\/td>\n5%<\/span><\/td>\n5%<\/span><\/td>\n<\/tr>\n
Maximum Overall Loss<\/strong><\/p>\n

(% of initial balance)<\/strong><\/td>\n

10%<\/span><\/td>\n10%<\/span><\/td>\n10%<\/span><\/td>\n<\/tr>\n
Profit Target<\/strong><\/p>\n

(% of initial balance)<\/strong><\/td>\n

10%<\/span><\/td>\n5%<\/span><\/td>\n–<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

So, for example, if you purchase a $10,000 challenge, you will have to follow these rules:<\/span><\/p>\n