FTMO is a proprietary trading firm that provides funding to traders who pass their evaluation process. A funded trader with FTMO is someone who has successfully completed the evaluation phase and has been granted trading capital by FTMO to trade with.
FTMO offers various evaluation programs for traders with different trading styles and levels of experience. The evaluation process typically involves trading a simulated account with specific rules and risk parameters.
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If a trader can meet the profit targets while following the rules, they may be offered funding by FTMO to trade a real account with the firm’s capital.
As a funded trader with FTMO, you would be trading with the firm’s capital and sharing a portion of the profits with the firm according to their profit sharing arrangement. FTMO provides a platform for trading, risk management, and performance analysis. Traders also receive support and guidance from the firm’s team of professional traders and risk managers.
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Being a funded trader with FTMO can offer many benefits, including access to capital, a platform for trading, and guidance from experienced professionals.
ftmo account types
FTMO offers several account types to suit different trading styles and levels of experience. Here are the main account types:
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- FTMO Challenge – This is the evaluation phase that traders must pass to become a funded trader with FTMO. Traders trade a simulated account with specific rules and risk parameters to demonstrate their trading skills and ability to manage risk.
- FTMO Verification – After successfully completing the Challenge phase, traders move on to the Verification phase. This phase is similar to the Challenge phase, but with higher profit targets and a longer evaluation period.
- FTMO Forex Account – This is a real trading account funded by FTMO. Traders who pass the Challenge and Verification phases can trade with FTMO’s capital and share a portion of the profits with the firm.
- FTMO Crypto Account – This is a real trading account funded by FTMO, but for trading cryptocurrencies instead of forex. Traders who pass the Challenge and Verification phases can trade with FTMO’s capital and share a portion of the profits with the firm.
- FTMO Aggressive Trading Plan – This is a specialized account type for traders who prefer a high-risk, high-reward trading approach. Traders trade a simulated account with a higher risk parameter to demonstrate their ability to manage risk in a volatile market.
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Each account type has its own specific rules and risk parameters, so it’s important for traders to understand the requirements and choose the account type that best suits their trading style and risk tolerance.