One of the most well-known proprietary trading platforms, FTMO attracts professional traders to fund them in exchange for a share of their profits. However, you don’t have to be extremely experienced or skillful: all you need to do in order to join the platform is pass a two-step test. While each try is pretty expensive, the reward for passing the test is truly impressive, and you can use it to boost your career as a trader. In this article, we explain how to sign up to FTMO.
About FTMO
FTMO is a prop company that focuses on funding professional traders. It works like this: you prove to the company that you know how to trade and can remain profitable in the long term, and the company gives you a hefty deposit to invest. For a trader, it’s a great way to start making serious money without having to invest almost anything. However, you have to be really confident about your skills: once you suffer too much losses, you can lose your funding.
Founded in 2014, FTMO is considered one of the leading prop companies. It requires that you deposit at least €155 to start the testing process. Depending on the amount you pay, the company will provide you with up to $200,000 for trading. If you can successfully earn 10% of that sum as profits in the first 30 days, you can proceed to the second stage. There, you’ll have to show the same profitability for up to 60 days. If you can do that, you’ll receive $400,000 to invest as you want.
However, the company will monitor your transactions and prevent possible losses. That means you’ll avoid taking on too many risks. But first, you need to create your own FTMO account.
Creating an account
To sign up, you have to be at least 18 years old. There are no other requirements for joining, but you definitely need at least some basic understanding of how trading works. The more you know, the less time and money you’ll have to spend before you actually become a funded trader. What’s great about FTMO is that you can learn while trading by using its educational program with useful tips.
Creating an account is easy. First, complete the registration form on the website. You can start with a free trial to avoid spending money too soon. Then, accept the test and start completing it. It can take quite a while, but once you pass the test, it takes just a couple of days to receive your login. Finally, you can use your login to enter the account and start trading.
