FTMO Review | Overview

A team of financial professionals and experts with vast experience in markets around the world founded FTMO (Ziskejucet.cz) in 2014. The company is based in the Czech Republic and offers a wide range of products. It includes stocks, indices, commodities, cryptocurrencies, and more. We will learn more in this FTMO review about the platform’s features, benefits, and more as we read along.

The idea behind FTMO (Ziskejucet.cz) was to create a platform to provide a reliable and secure environment for traders to hone their craft and gain access to the financial markets. The platform allows traders to have full control of their trading capital, while also having the security and protection of a regulated platform. The FTMO (Ziskejucet.cz) team has also developed a unique proprietary trading system. It allows traders to manage their risk efficiently and maximize their profits. 

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Account Types

FTMO offers two account types to meet the needs of different traders.

  • Standard Account:

A Standard Account is ideal for traders who prefer to trade with smaller positions and less risk. This type of account requires a minimum deposit of $500 and offers a maximum leverage of 1:200. The maximum amount of trades open at the same time is limited to five, and the maximum single trade size is limited to 0.1 lots.

  • Aggressive Account:

An Aggressive Account is suitable for traders who prefer to trade with higher risk and larger positions. This type of account requires a minimum deposit of $2,000 and offers a maximum leverage of 1:400. The maximum amount of trades open at the same time is limited to ten, and the maximum single trade size is limited to 0.5 lots.

No matter which account type you choose, FTMO offers a secure and reliable trading environment with competitive spreads and fast execution.

FTMO Review | How to Get Started

  • The first step is to create an account. You can do this by visiting the FTMO website and clicking on the “Sign Up” button. You will then be asked to provide some basic information, such as your name, email address, and phone number. Once you have completed the registration process, you will be able to access your account.
  • The next step is to deposit funds into your account. You can do this by using a debit or credit card, or by transferring funds from your bank account. Once you have deposited the funds, you will be able to start trading.
  • Once you have deposited funds, you will need to select a trading account. FTMO offers different types of accounts: the Standard Account, the Pro Account, the Pro Plus Account, and the FTMO Account. Each account has different features and benefits, so it is important to choose the one that best suits your needs.
  • After selecting an account, you will need to set up your trading platform. FTMO offers a range of trading platforms, including MetaTrader 4, cTrader, and WebTrader. You will need to select the platform that best suits your trading style and preferences.
  • Once you have set up your trading platform, you will be ready to start trading. FTMO offers a range of trading instruments, including stocks, indices, commodities, and currencies. 

Trading Assets

FTMO offers a wide range of trading assets for its clients to choose from. These include Forex, Indices, Commodities, and Cryptocurrencies.

  • Forex is the most popular asset class among traders. It involves trading currencies against each other, such as the US Dollar against the Euro. This asset class is highly liquid and offers traders the opportunity to take advantage of price movements in the global currency markets.
  • Indices are another popular asset class. These are baskets of stocks that represent a particular market or sector. Examples of indices include the S&P 500, Dow Jones Industrial Average, and the NASDAQ Composite.
  • Commodities are physical goods that are traded on exchanges. Examples of commodities include oil, gold, and silver. These assets are often used as a hedge against inflation and currency fluctuations.
  • Cryptocurrencies are digital assets that are based on blockchain technology. They can use decentralized forms of payment or investment. Examples of cryptocurrencies include Bitcoin, Ethereum, and Litecoin.

Traders can access these assets through a variety of trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader. All of these platforms offer a range of features and tools to help traders make informed decisions.

FTMO Trading Applications and Functions

  • Account MetriX: Provides a comprehensive overview of your trading performance. Including a variety of metrics such as Profit & Loss, win rate, drawdown, and more.
  • Account Analysis: This allows you to view your trading performance on a deeper level. Provide a detailed breakdown of your individual trades so that you can analyze them and identify areas of improvement.
  • Statistical App: Provides you with the ability to view and analyze your trading performance in a variety of ways, such as in a graph, table, or chart.
  • Trading Journal: A powerful tool for keeping track of your trades and performance. It allows you to document your thoughts, emotions, and strategies so that you can review them later.
  • Mentor App: Connects you with experienced traders who can provide you with guidance and advice to help you improve your trading.
  • Equity Simulator: A virtual trading platform that enables you to practice trading with virtual money without risking any of your real capital.
  • Economic Calendar: This keeps you up-to-date with the latest economic events, news, and announcements so that you can stay informed and make better trading decisions.

FTMO Deposit and Withdrawal Options

Deposits:

  • Bank transfer
  • Credit/debit cards
  • Cryptocurrency
  • eWallet

Withdrawals:

  • Bank transfer
  • eWallet

There are no fees charged for deposit and withdrawal. Deposits are processed instantly and withdrawals are usually processed within 1-3 business days.

FTMO Scaling Plan

The FTMO Scaling Plan is an innovative approach to helping traders reach their full potential. It designed a balanced, systematic approach to trading which will enable traders to increase their trading account size in a controlled and consistent manner. This plan incorporates a variety of strategies and methods to help traders reach their goals.

It provides traders with the opportunity to gain knowledge and experience in a variety of markets and conditions while trading with capital that is appropriate for their risk profile. Gradually increasing the trading capital as the trader’s account grows, the plan allows for a smoother transition into bigger and more profitable trades.

FTMO Review |Trading Platforms

FTMO dedicates itself to helping traders of all levels achieve their financial goals through its trading platform. They provide access to a wide range of trading instruments such as Forex, CFDs, Indices, Commodities, and Cryptocurrencies. This enables traders to explore a variety of opportunities in the global markets. Here are the platforms you can use to trade with FTMO:

MetaTrader 4 (MT4): MT4 is the most popular Forex trading platform worldwide and is suitable for all types of traders. It is packed with a range of features such as advanced charting tools, a range of technical indicators, Expert Advisors (EAs), and automated trading.

MetaTrader 5 (MT5): MT5 boasts added features and tools compared to the older MT4 as the latest version of the MetaTrader platform. Experienced traders can use it to access features such as hedging, depth of market, and more.

cTrader: Spotware has developed cTrader, a powerful multi-asset platform that features advanced charting, algorithmic trading, and automated trading. It is suitable for experienced traders who want to take advantage of advanced features.

The FTMO Mobile Application is available to download for Android, via Google Play Store and for iOS, via Apple Store.

FTMO Evaluation Process

The FTMO Evaluation Process is intended to find and develop skilled traders capable of managing the firm’s money. The FTMO Challenge, Verification, and becoming an FTMO Trader are the three key parts of the procedure. Here’s a breakdown of how each stage works:

FTMO Challenge – To begin the Evaluation Process, you must pass an FTMO Challenge. Show your trading skills and self-control by following the Trading Objectives. If you do this, you will move on to the Verification stage.

FTMO Verification: After you have your results approved upon successfully completing the Verification step, you have reached the final stage to become an FTMO Trader. Validation will invite you to join the FTMO Proprietary Trading Firm and begin trading.

Becoming an FTMO Trader: Once a trader has passed the evaluation process and verification, they are eligible to become an FTMO Trader. As an FTMO Trader, they will receive access to the FTMO trading platform with a balance of $400,000  and benefit from FTMO’s features. If you keep making money on your FTMO Account, you can expand your account as part of their Scaling Plan.

FTMO Educational Resources

FTMO delivers comprehensive education resources covering a wide range of trading topics like technical analysis, fundamental analysis, risk management, and trading psychology to traders of all levels of expertise – from novices to seasoned pros – through articles, webinars, and video tutorials.

It keeps traders informed about the platform, market trends, and trading methods by providing frequent market analysis, trading ideas, and updates on the platform’s features and policies on its blog.

FTMO Review | Customer Support

FTMO has a customer service team devoted to helping traders with any queries or issues. Traders can contact the support team by email, live chat, or telephone, providing them with a speedy and effective response.

Business hours:

24/7 for emails, live chat and WhatsApp
9 am – 5 pm CE(S)T, Monday to Friday for phone calls

Customer Support is available in 16 languages:

English, German, Spanish, Portuguese, French, Italian, Czech, Japanese, Filipino, Vietnamese, Serbian, Ukrainian, Turkish, Russian, Polish, and Arabic.

Is FTMO a Legitimate Prop Trading Platform?

FTMO is a legitimate prop trading platform that provides access to the financial markets. 

FTMO Review | Conclusion

In this FTMO review, we conclude that FTMO is a great platform for day traders to use to hone their skills and become successful. With its comprehensive range of products, features, and services, FTMO offers traders the opportunity to improve their trading knowledge and strategies. The platform also provides traders with access to a range of trading resources and support that can help them become more profitable. With its competitive fees and low minimum deposits, FTMO is an ideal platform for beginner and experienced traders alike.

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