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Info
Popularity & Trust
Trust Pilot Reviews: 14694
Trust Pilot Rating: 4.8
Last Update: October 18, 2024
Exist: 4.9 Years
Trust Score: 9.7 / 10*
The more reviews and the longer the firm existed will increase its Trust Score
Challenge Value
PRICE RATING
10K Fee: $165
25K Fee: $265
50K Fee: $375
100K Fee: $575
Price Score: 134*
The Price Score is calculated comparing 10K, 25K, 50K and 100K challenge costs. The average challenge Price Score is around 100. A lower number is better and means cheaper challenges.
DIFFICULTY RATING
P1 Target: 10%
P2 Target: 5%
Max Drawdown: 10%
Max Daily DD: 5%
Difficulty Score: 1.5*
Difficulty Rating is calculated on your total drawdown % compared with your total target %. Lower is better
VALUE RATING
Value Rating: 1.4 / 10*
The Value Rating is a combination of the cost of the challenges and the difficulty of passing the challenge. The best Value Rating has a score of 10 and the lowest a score of 1
Rules & Restrictions
Leverage: 30:1
Daily Drawdown Type: 😐 Equity Based
Challenge Time Limit: 😀 No Time Limit
News Trading: ✅ Allowed
Hold Weekends: ✅ Yes
EA's : ✅ Some Allowed
Other: ❌ High swap fees
NEWS TRADING
There are no restrictions on news trading with the Swing account
HOLD OVER WEEKENDS
You are allowed to hold over the weekend with the swing account.
EXPERT ADVISORS
Some are allowed, but not all. More info here:
https://ftmo.com/en/faq/which-instruments-can-i-trade-and-what-strategies-am-i-allowed-to-use/
OTHER NOTES
The Swap fees are a little bit high for a swing trading account.
*Please visit the firms website for updated terms & conditions
Trade Cost
FOREX SPREAD
FX Commission: $3
EU Spread: 4
UJ Spread: 7
UF Spread: 7
FX Spread Score: 9
INDEX SPREAD
Index Commission: $0
NAS Spread: 100
S&P Spread: 60
DOW Spread: 190
Index Spread Score: 11.7
SWAP FEES
Swap Score -87
Payouts & Scaling
Fee Refund: 100%
Simulated Share: None
Profit Share: 80%
Scaling: ✅ Yes*
Merging: 😃 Yes
Max Combined Accounts: $400000
REFUNDS & BONUSSES
Refund on first payout.
PROFIT SHARE & SCALING
Reach 10% profit in 4 months to increase your profit share to 90% More info: https://ftmo.com/en/scaling-plan/
MERGING
Same type accounts and must be on initial balance.
Please visit the firms website for updated terms & conditions
Pro’s & Con’s
✅ PRO’S
✅ MetaTrader Support ⭐ Excellent Trust Rating ✅ News Trading Allowed ✅ Hold Weekends Allowed ✅ No Challenge Time Limit ✅ Some EA’s Allowed* ✅ Challenge Fee Refund: 100% ✅ Merging Allowed* ✅ Crypto Payouts
❌ CON’S
❌ Slightly High Swap Fees ☠️ Very High Challenge Fees ❌ Low Challenge Value ❌ Low Leverage ❌ High swap fees
Summary & Rating
THE UPSIDE
FTMO is the longest running and highest trusted prop firm out there. The “OG” if you will. And if trust is the most important variable for you when choosing a firm, then FTMO is the one for you. FTMO also allows crypto payouts, supports MetaTrader, has a decent scaling plan and you are allowed to merge accounts. You are able to trade though news and hold trades over the weekend with the Swing option.
THE DOWNSIDE
Unfortunately outside of the Trust Rating, FTMO struggles on so many other fronts. It has high challenge fees and more difficult challenge requirements than other firms, giving it a very low Challenge Value Rating. The Swing option has low leverage and it is often difficult to open more than 1 or 2 trades, which is hard if you are a swing trader. The Swap fees are also a little high, so it is not the best option for a swing account either.
IN SUMMARY
FTMO is the most trusted firm in the industry and if trust is most important to you, then this firm is for you and we will recommend the Swing option. The biggest issue with the firm is the high challenge fees and requirements which gives it a very low Challenge Value Rating. With the Swing account option at least you wont get disqualified for triggering a trade during news, but the high swap fees and low leverage makes it less suitable for swing trading anyway. All things considered, it is a very trustworthy firm, but from a value perspective, there are better options out there so I wouldn’t add this as my first firm, but as I do spread my accounts accross multiple firms, I might add this one at a later stage. I rate it as Tier 3
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