What is FTMO
FTMO is a modern prop trading firm established in 2015. Since then we´re looking to cooperate with serious traders in order to capitalize on the data they provide about their activity while receiving rewards for their performance on accounts of virtual funds – The FTMO Accounts.
Before getting the FTMO Account they need to pass the Evaluation process first called The FTMO Challenge followed by the Verification phase.
What is a Modern Prop Trading Firm?
A modern prop trading firm is an industry-wide established term used to describe the dynamic and innovative business model that focuses on nurturing trading talent through rigorous evaluation programs, providing virtual funding, and offering rewards based on trading performance.
This model not only mitigates the financial risk for traders but also aligns their interests with the firm’s goal of achieving consistent profitability in the markets.
Is FTMO a forex prop trading firm?
While FTMO is often described as a forex prop trading firm, this term is somewhat inaccurate. FTMO does not limit itself to only virtual forex trading; instead, it provides trading opportunities across various markets on virtual CFD (Contract for Difference) platforms.
This broader scope allows traders to engage in forex, commodities, indices, and more.