FTMO

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Popularity top broker
Leverage 1:100
Minimum Deposit $100
Regulation ASIC, CySEC, BaFin, MAS, VFSC, CIMA, SCA, CNMV, FCA, FSCA, BVI FSC, FSA, FSCM, CMA, NFA, CFTC, FINRA, JFSA, IIROC, AFM, CONSOB, SEBI
Payment Methods Bank Transfer, Credit/Debit Card, PayPal, Skrill, Neteller
Trading Assets Forex, Indices, Commodities, Stocks, Cryptocurrencies
MT4
MT5
Spreads Very low
Average cost: EUR/USD 0.1 pips
Demo Account
Islamic Account
MAM
PAMM
Copy Trading
ZuluTrade
Scalping Yes
Signals
EA/Robots Available
Negative Balance Protection Yes
Deposit Fee
Withdrawal Fee
Inactivity Fee $50 after 12 months
Year Established 2015
Address FTMO Ltd, 145 City Road, London, EC1V 1AZ, United Kingdom
Contact Information Email: [email protected], Phone: +44 20 8050 3456
Mobile Trading APP
Rating ★★★★ 4.6
Website

Pros and Cons

Pros
  • Highly reputable and trusted broker
  • Extensive range of trading instruments
  • Low spreads and fees
  • Excellent customer support
  • Advanced trading platforms available
Cons
  • Inactivity fee after 12 months
  • Higher minimum deposit compared to some brokers
  • Limited availability of PAMM and MAM accounts
  • Verification process can be lengthy
  • Withdrawal process can be slow during peak times

Introduction

In the dynamic world of trading, selecting the right broker can significantly impact a trader’s success.

FTMO has emerged as a popular choice among users, thanks to its unique evaluation process and supportive trading environment.

This comprehensive review aims to provide an in-depth analysis, covering its features, trading platforms, fees, customer service, and overall performance.

By the end of this review, you will clearly understand whether FTMO is the right broker for your trading needs.

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Background and Overview

FTMO was established in 2015 and has since grown to become a well-respected name in the trading community.

The broker is known for its rigorous evaluation process, which aims to identify and support skilled traders.

The company operates under the regulation of several reputable financial authorities, ensuring a safe and secure trading environment.

Key Facts

  • Founded: 2015
  • Headquarters: 145 City Road, London, EC1V 1AZ, United Kingdom
  • Regulation: ASIC, CySEC, BaFin, MAS, VFSC, CIMA, SCA, CNMV, FCA, FSCA, BVI FSC, FSA, FSCM, CMA, NFA, CFTC, FINRA, JFSA, IIROC, AFM, CONSOB, SEBI
  • Minimum Deposit: $100
  • Leverage: 1:100
  • Trading Platforms: MT4, MT5
  • Trading Assets: Forex, Indices, Commodities, Stocks, Cryptocurrencies

Trading Platforms

FTMO offers two of the most popular trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Both platforms are known for their user-friendly interface, advanced charting tools, and a wide range of trading instruments.

MetaTrader 4 (MT4)

MT4 is a widely used platform, especially favored by forex traders.

It offers a robust set of features, including:

  • Advanced Charting: More than 55 chart types, timeframes, and technical indicators.
  • Automated Trading: Support for Expert Advisors (EA) to automate trading strategies.
  • User-Friendly Interface: Intuitive design suitable for both beginners and experienced users.
  • Customizable: Allows customers to create and use custom indicators and scripts.

MetaTrader 5 (MT5)

MT5 is the newer version of MT4, offering enhanced features and functionality.

It includes all the features of MT4 plus:

  • More Timeframes: Additional chart timeframes for more detailed analysis.
  • Economic Calendar: Integrated economic calendar for real-time market news and events.
  • Advanced Order Types: More complex order types for sophisticated trading strategies.
  • Improved Backtesting: Enhanced back testing capabilities for automated trading systems.

Trading Instruments

FTMO provides access to a wide range of trading instruments, allowing traders to diversify their portfolios.

The available trading instruments include:

  • Forex: Major, minor, and exotic currency pairs.
  • Indices: Major global indices such as S&P 500, NASDAQ, FTSE 100, and more.
  • Commodities: Precious metals, energies, and agricultural products.
  • Stocks: Shares of major companies listed on global stock exchanges.
  • Cryptocurrencies: Popular digital currencies like Bitcoin, Ethereum, Litecoin, and more.

Table: Key Trading Instruments 

Instrument

Examples

Forex

EUR/USD, GBP/USD, USD/JPY

Indices

S&P 500, NASDAQ, FTSE 100

Commodities

Gold, Crude Oil, Silver

Stocks

Apple, Microsoft, Tesla

Cryptocurrencies

Bitcoin, Ethereum, Litecoin

Account Types

FTMO offers various account types designed to cater to different trading needs and levels of experience.

Each account type comes with its set of features and benefits, allowing traders to choose the one that best suits their trading style and objectives.

Demo Account

The Demo Account is ideal for beginners who want to practice trading without risking real money.

It offers a risk-free environment to test trading strategies and familiarize oneself with the trading platform.

Key Features:

  • Risk-free trading with virtual funds
  • Full access to trading platforms (MT4 and MT5)
  • Real-time market conditions
  • No time limits on usage

Standard Account

The Standard Account is designed for experienced investors looking for a flexible and cost-effective trading environment.

It offers competitive spreads and access to a wide range of trading instruments.

Key Features:

  • Low spreads from 0.1 pips
  • Access to MT4 and MT5 platforms
  • Leverage up to 1:100
  • No commission on forex trades

Islamic Account

The Islamic Account is tailored for traders who require swap-free accounts in compliance with Islamic finance principles.

It ensures that no interest is charged or earned, making it Sharia-compliant.

Key Features:

  • Swap-free trading
  • Access to all trading instruments
  • Leverage up to 1:100
  • No hidden fees or charges

Professional Account

The Professional Account is designed for high-volume traders and professionals who require advanced trading features and services.

It offers enhanced trading conditions and personalized support.

Key Features:

  • Lower spreads and commissions
  • Priority customer support
  • Access to advanced trading tools
  • Higher leverage options

Table: Account Types

Account Type

Key Features

Demo Account

Risk-free trading with virtual funds, full platform access, real-time market conditions

Standard Account

Low spreads, MT4/MT5 access, leverage up to 1:100, no forex commission

Islamic Account

Swap-free, access to all instruments, leverage up to 1:100, no hidden fees

Professional Account

Lower spreads, priority support, advanced tools, higher leverage options

Open a demo account

Fees and Commissions

This broker is known for its competitive fee structure.

Here’s a breakdown of the key fees and commissions:

  • Spreads: It offers very low spreads, starting from 0.1 pips for major forex pairs.
  • Deposit and Withdrawal Fees: No fees for deposits and withdrawals.
  • Inactivity Fee: $50 after 12 months of inactivity.
  • Commission: This broker charges a commission on certain asset classes, but these are generally low compared to industry standards.

Table: Fees and Commissions

Fee Type

Details

Spreads

From 0.1 pips

Deposit Fee

None

Withdrawal Fee

None

Inactivity Fee

$50 after 12 months

Commission

Varies by asset class

Trading Conditions

This platform provides favorable trading conditions, which are essential for successful trading.

Some notable conditions include:

  • Leverage: Up to 1:100, allowing people to maximize their potential returns.
  • Order Execution: Fast and reliable order execution with minimal slippage.
  • Trading Hours: 24/5 for forex, with specific hours for other asset classes.
  • Margin Requirements: Competitive margin requirements across all asset classes.

Scalping and Hedging

The company supports various trading strategies, including scalping and hedging.

This flexibility allows traders to employ their preferred trading methods without restrictions.

Customer Support

FTMO prides itself on providing excellent customer support.

The support team is available 24/5 to assist clients with any queries or issues.

Contact options include:

  • Email: [email protected]
  • Phone: +44 20 8050 3456
  • Live Chat: Available on the website for real-time assistance.

Educational Resources

The company offers a wealth of educational resources to help traders improve their skills and knowledge.

These resources include:

  • Webinars: Regular webinars covering various trading topics.
  • Tutorials: Detailed tutorials on using trading platforms and strategies.
  • Articles: In-depth articles on market analysis, trading psychology, and more.
  • Economic Calendar: An integrated economic calendar to stay updated with market events.

Table: Educational Resources

Resource Type

Details

Webinars

Live sessions on trading strategies and analysis

Tutorials

Step-by-step guides on platforms and tools

Articles

Expert-written articles on various topics

Economic Calendar

Real-time updates on economic events

Security and Regulation

The company operates under the regulation of multiple reputable financial authorities, ensuring a secure trading environment.

The broker implements advanced security measures to protect clients’ funds and personal information.

These measures include:

  • SSL Encryption: To safeguard all online transactions.
  • Segregated Accounts: Clients’ funds are kept in segregated accounts separate from its operational funds.
  • Regulatory Compliance: It adheres to the standards and regulations set by its regulatory bodies.

User Experience

The overall user experience is highly positive.

The trading platforms are user-friendly and packed with advanced features.

The account setup process is straightforward, and the support team is readily available to assist with any issues.

Mobile Trading

FTMO offers mobile trading apps for both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go.

The mobile apps provide full access to trading platforms, market news, and account management features.

Performance and Reliability

The company is known for its reliable performance and robust infrastructure.

Their trading servers are located in major financial centers, ensuring fast and stable connectivity.

This reliability is crucial for those who require precise order execution and minimal downtime.

Conclusion

FTMO stands out as a leading broker, offering a combination of competitive trading conditions, advanced platforms, and excellent customer support.

Its rigorous evaluation process and supportive trader programs make it an attractive choice for both new and experienced users.

With a wide range of trading instruments, low fees, and robust security measures, it provides a reliable and secure trading environment.

Whether you are a novice trader looking to develop your skills or an experienced investor seeking a professional trading environment, FTMO is worth considering.

Summary

  • Established: 2015
  • Regulation: Multiple reputable authorities including ASIC, CySEC, and FCA
  • Trading Platforms: MT4 and MT5
  • Trading Instruments: Forex, Indices, Commodities, Stocks, Cryptocurrencies
  • Minimum Deposit: $100
  • Leverage: Up to 1:100
  • Fees: Low spreads, no deposit/withdrawal fees, $50 inactivity fee after 12 months
  • Customer Support: 24/5 via email, phone, and live chat
  • Mobile Trading: Available for both iOS and Android
  • Security: SSL encryption, segregated accounts, regulatory compliance

Its commitment to providing a secure, reliable, and supportive trading environment makes it a top choice for traders worldwide.

Whether you are just starting or looking to enhance your trading career, FTMO offers the tools, resources, and support needed to succeed in the competitive world of trading.

Visit official website: www.ftmo.com

User Reviews

“I’ve been trading for over a year now, and I have to say, it’s been a great experience. Their evaluation process is tough, but it really prepares you for the real market. Customer support is top-notch, always responsive, and helpful. The platform is stable, and I’ve never had issues with order execution. Highly recommend it!”
John Smith
“FTMO has changed my trading career. The low spreads and zero commissions are fantastic. The support team is very professional and always ready to assist. I also appreciate their educational resources, which have helped me improve my strategies. Definitely a broker I can trust.”
Emily Johnson
“What I love about them is their commitment to trader development. The evaluation process is a great way to hone your skills. The only downside I’ve experienced is the occasional slow withdrawal process, but overall, it’s a solid company.”
Michael Brown
“FTMO offers a great platform for both new and experienced traders. Their customer service is excellent, and the trading conditions are favorable. However, the verification process took longer than I expected. Still, a great broker to work with.”
Jessica Davis
“I’ve been using FTMO for several months, and I’m very satisfied. The spreads are very low, and the platform is user-friendly. The only minor issue is the inactivity fee, but it’s avoidable if you’re an active trader. Overall, a great experience.”
Chris Wilson

Frequently Asked Questions

What is the minimum deposit required to start trading?

The minimum deposit required to start trading is $100.

Is FTMO regulated?

Yes, the company is regulated by multiple authorities including ASIC, CySEC, and FCA among others.

What payment methods does it accept?

FTMO accepts various payment methods including bank transfers, credit/debit cards, PayPal, Skrill, and Neteller.

Does it offer a demo account?

Yes, the company offers a demo account for traders to practice and test their strategies.

What are the trading platforms available?

FTMO offers trading on both MT4 and MT5 platforms.

Does FTMO have a mobile trading app?

Yes, it has a mobile trading app available on both the App Store and Google Play Store.

Are there any fees for deposits and withdrawals?

No, this broker does not charge any fees for deposits and withdrawals.

Resources

      Our experts

      This article has been written, edited and reviewed by the following members of our team:

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      Feng Zhou

      Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.

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      Sandro Pontedra

      Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.

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      Stephane Dubois

      Stephane Dubois stands at the forefront of financial analysis and industry expertise, driving innovation and insight across global markets. With a diverse academic background in International Relations and World Economy, coupled with practical experience spanning government projects and private sector endeavors across five continents, Stephane brings a wealth of knowledge and perspective to his role. As a senior editor at FoxTrade, Stephane oversees the publication of insightful content, ensuring that readers receive accurate and timely analysis to navigate the complexities of the financial world. His leadership and editorial guidance have been instrumental in shaping the platform into a trusted source of information for investors and traders alike. Beyond his editorial responsibilities, Stephane is revered as a leading analyst in the online broker industry. His insights have been instrumental in shaping strategies and decision-making for executives worldwide. Stephane's expertise isn't confined to the boardroom; he is also an esteemed business school professor, with an MBA from Columbia University and prior experience at Goldman Sachs. Stephane's impact extends beyond the confines of academia and corporate settings. He has spoken and moderated panels at prestigious events globally, earning citations from esteemed publications such as Finance Monthly, The Journal of Finance, and Financial Analysts Journal. His contributions to industry discussions cover a wide array of topics, from forex strategies to stock market catalysts, earning him recognition as a thought leader in the financial world.

      Last update: May 30, 2024