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What broker does FTMO use?

You can trade your FTMO Challenge, Verification and FTMO Account on the most popular retail platforms – MetaTrader 4, MetaTrader 5 or cTrader.

Similarly, Who is the owner of FTMO? Interview with FTMO’s Founder: Otakar Suffner.

Then, How does FTMO make money?

The FTMO Account is connected to our Proprietary Trading Firm’s account where we generate cash flow. . If you generate profits on the FTMO Account, our Proprietary Trading firm will keep from 10% to 20% as the Profit Split, and you will be rewarded with up to 90% of achieved profits.

And Is FTMO regulated? Security. FTMO is not a broker so it’s unregulated.

What happens if you fail FTMO challenge? If the breach happens on your FTMO Account, the corresponding FTMO Account Agreement will be terminated. You can always try again from scratch and order a brand new FTMO Challenge if you wish to become our FTMO Trader. Please note we don’t provide any discounts for repetitions.

What country is FTMO from?

We are headquartered in the heart of Europe and our office is conveniently located in the historical centre of Prague, easily accessible by all means. The address is Prague 1, Purkynova str. 2121/3, 110 00, Czech Republic.

How old is FTMO?

The idea to start the project FTMO.com, 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. Each contributed to one’s trading system and different ideas about money and risk management.

What happens if you lose money on an FTMO account?

The good news is that you cannot lose more than this fee as any potential losses on the FTMO Account are covered by us. On top of that, the fee is always refunded back to the trader with his/her first Profit Split from the FTMO Account.

Is FTMO the best prop firm?

FTMO is one of the best proprietary trading firms thanks to the 90:10 payout ratio, which translates into traders receiving 90% of the profits. Once you pass the evaluation stage and set up your FTMO Account, your trading period is indefinite, and there’s no profit target.

Does FTMO allow hedging?

Your trading style is completely up to you. We have no reasons for limiting or restricting your trading strategy, whether it’s discretionary trading, hedging, algorithmic trading, EAs, etc.

Is FTMO a prop firm?

Once you decide that you want to pursue a career in trading full-time, you will immediately face a tough financial decision, that is why you should consider joining FTMO Forex prop trading firm.

What happens if you exceed maximum daily loss FTMO?

The difference between MDL and Maximum Loss (ML) is that MDL always resets at midnight CE(S)T to 5% of the initial account balance. This can be seen in the graphic above. ML takes all-time open and closed profits/losses into account and if you step over the 10% limit of ML, it would count as a violation.

Can you lose your FTMO account?

. In other words, the fee is a key towards the FTMO Account and an opportunity to gain financial independence. The good news is that you cannot lose more than this fee as any potential losses on the FTMO Account are covered by us.

Is FTMO a real prop firm?

Prop trading is an exciting way for experienced investors to speculate on the financial markets with serious capital and reduced risk. FTMO is one of the leading firms in the forex prop trading space with over 6000 new members joining in 2020.

Can you lose your FTMO funded account?

If you happen to breach any of the Trading Objectives, that particular account will be automatically invalidated and loses eligibility to continue in the Evaluation Course. If the breach happens on your FTMO Account, the corresponding FTMO Account Agreement will be terminated.

How much money do you need for FTMO?

In conclusion. It is safe to say that you need at least $10,000 to consider day trading a full-time job. This amount of money is something not everyone can afford to put in the trading account, but if you are a profitable trader and you think you can manage our FTMO Challenge, you can trade up to $400,000 for our firm.

What happens if you fail FTMO?

If you happen to breach any of the Trading Objectives, that particular account will be automatically invalidated and loses eligibility to continue in the Evaluation Course. If the breach happens on your FTMO Account, the corresponding FTMO Account Agreement will be terminated.

How much does it cost to start an FTMO?

Know your Trading Objectives

Step 1FTMO Challenge Step 1FTMO Challenge
Max Daily Loss $500 $2 500
Max Loss $1 000 $5 000
FTMO Challenge Profit Target $1 000 $5 000
Refundable Fee €155 €345

Do you have to pay to do the FTMO challenge?

No, we don’t charge any additional or hidden fees. The fee for the FTMO Challenge covers it all, including the Verification. There are absolutely no recurring fees with us.

What is the minimum deposit for FTMO?

FTMO Trader

Account Balance $60,000
Minimum Trading Days
Maximum Daily Loss $3,000
Maximum Loss $6,000
Profit Split Up to 90%

27 juin 2019

Do you need to be 18 for FTMO?

We accept traders from all around the world, except for clients in/from Iran, Syria and North Korea. All clients must be at least 18 years old.

How long will FTMO last?

The FTMO Challenge duration is 30 calendar days; the Verification duration is 60 calendar days. If you manage to pass the Trading Objectives sooner, you do not need to wait for the remaining duration days.

Which forex funding is best?

7 Best Funded Trader Programs

  • Topstep Futures.
  • Earn2Trade.
  • FTMO.
  • Fidelcrest.
  • The5ers.
  • City Traders Imperium.
  • OneUp Trader.

How reliable is BluFX?

Conclusion. In conclusion, BluFX is a legitimate proprietary firm offering instant funding for traders worldwide. With a chance to choose a funding account of $25,000 or $50,000 with an opportunity to scale up to $1,000,000 while being rewarded with a 50% profit split.

Where do prop firms get funding?

So How Do Prop Firms Make Money? Prop firms typically make money through 2 main avenues: By taking profit splits from profitable traders. By selling funded account challenges.

What do you think?

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