FTMO is likely one of the most established prop companies round immediately. The agency says it has paid out greater than $500 million in rewards worldwide, serves merchants in 140+ international locations, and presents accounts as much as $200,000. Its analysis continues to be probably the most acknowledged amongst prop companies, and plenty of merchants deal with passing FTMO’s analysis as a mark of self-discipline. However, FTMO evaluations are nonetheless among the many most costly in the trade.
For cryptocurrency merchants, FTMO’s construction is extra complicated than DimensionProp. The customary two-step mannequin makes use of a ten% revenue goal in the FTMO Challenge and 5% in Verification. On a $100,000 account, which means reaching $10,000 in section one and $5,000 in section two with out breaching the 5% most every day loss or 10% most loss. FTMO additionally requires a minimal of 4 buying and selling days throughout analysis. The buying and selling interval itself is now limitless, which is an enchancment, however the minimum-day requirement nonetheless means merchants can’t merely hit a goal rapidly and transfer on.
Infrastructure is one other key distinction for this Prop agency. FTMO presents 4 buying and selling platforms, together with MT4, MT5, cTrader, and DXtrade. That is a powerful lineup in conventional prop phrases, however it’s nonetheless a multi-asset, forex-rooted surroundings somewhat than a crypto-native one. For cryptocurrency merchants who wish to maintain positions over the weekend, FTMO presents a Swing account kind with no weekend or in a single day holding restrictions, however the agency notes that Swing is obtainable solely to merchants who’ve certified by means of the two-step FTMO Challenge.
Lastly, FTMO’s 1-Step product presents as much as 90% of revenue and as much as a $200,000 account measurement. However, like many different prop companies, the general expertise nonetheless feels as if crypto buying and selling has been built-in right into a broader legacy framework somewhat than constructed from day one.
