FTMO

Located in the Czech Republic and led by CEO Otakar Suffner, FTMO has established a solid reputation within the proprietary trading industry over the course of eight years. The company supports popular trading platforms such as MT4, MT5, and cTrader, which have contributed to its widespread acceptance among traders. FTMO provides a variety of account sizes, ranging from $10,000 to $200,000, serving a diverse clientele through a two-phase evaluation strategy. The firm presents two challenge options, aiming for a 10% profit target in Phase 1 and 5% in Phase 2, with an alternative set aiming for 20% in Phase 1 and 10% in Phase 2. This approach enables traders to select a challenge that aligns with their trading approach. The permissible total drawdown fluctuates between 10% and 20%, catering to varying levels of risk tolerance. FTMO also offers a wide selection of trading instruments, covering Forex, Indices, Commodities, Stocks, and Cryptocurrencies, and provides a range of leverage options to suit different trading styles. For typical trading scenarios, the leverage is set at 1:100 for Forex and Exotic pairs, while Metals CFDs, Cash CFDs, and Futures CFDs have a leverage of 1:50. The Swing trading option, on the other hand, offers reduced leverage of 1:30 for Forex and Exotic pairs, and 1:15 for trading Metals, Cash, and Futures CFDs.