FTMO Summary
FTMO is a proprietary trading firm that offers traders the opportunity to manage accounts up to $200,000. Established in 2022, FTP has quickly gained popularity for its flexible evaluation process and competitive profit splits.
The firm provides access to multiple asset classes including forex, commodities, indices, and cryptocurrencies. FTP stands out for its balance-based drawdown calculation, which many traders find more favorable than traditional equity-based drawdowns.
With a focus on trader success, FTP offers various account types to suit different trading styles and risk appetites. Their evaluation process is designed to identify consistently profitable traders while providing educational resources to help applicants succeed.
Our Take on Funded Trading Plus
After thorough testing and analysis, we rate Funded Trading Plus as an excellent choice for both beginner and experienced traders looking to trade with larger capital. The firm's balance-based drawdown is a significant advantage, as it allows traders more flexibility during drawdown periods without immediately violating account rules.
FTP's evaluation process is straightforward with clear rules and objectives. The absence of time limits on challenges is particularly beneficial for traders who prefer to trade at their own pace without pressure. The profit split of up to 90% is competitive within the industry, and the scaling plan allows successful traders to grow their account size over time.
One area where FTP could improve is in their platform options. While they support MT4 and MT5, the absence of cTrader or other advanced platforms might be a limitation for some professional traders. However, for most retail traders, the available platforms are more than sufficient.
Overall, Funded Trading Plus offers a solid prop trading solution with fair rules and good profit potential. Their customer support is responsive, and the withdrawal process is efficient, with most requests processed within 24-48 hours.
FTP Pros and Cons
Advantages
- Balance-based drawdown (more trader-friendly)
- Up to 90% profit split
- No time limits on evaluation
- Multiple account types available
- Free retry options available
- Cryptocurrency trading allowed
- Quick withdrawal processing
- Scaling plan for successful traders
Disadvantages
- Limited platform options (only MT4/MT5)
- No cTrader support
- Higher fees for larger account sizes
- Limited educational resources compared to competitors
- Customer support not available 24/7
FTP Account Types
Funded Trading Plus offers three main account types to accommodate traders with different experience levels and capital requirements:
Standard Account
Ideal for beginner to intermediate traders
- Up to $50,000 funding
- 80% profit split
- 5% maximum drawdown
- 8% profit target
Professional Account
For experienced traders seeking larger capital
- Up to $100,000 funding
- 85% profit split
- 6% maximum drawdown
- 10% profit target
Elite Account
For professional traders with proven track records
- Up to $200,000 funding
- 90% profit split
- 8% maximum drawdown
- 12% profit target
Spreads and Commission Fees
Funded Trading Plus offers competitive spreads with no additional commissions on most account types. Here's a breakdown of their typical pricing:
| Instrument | Average Spread | Commission | Notes |
|---|---|---|---|
| EUR/USD | 0.8 pips | $0 | Standard account |
| GBP/USD | 1.2 pips | $0 | Standard account |
| Gold (XAU/USD) | 25 cents | $0 | Professional account |
| BTC/USD | $35 | $0 | All account types |
| US30 | 2.5 points | $0 | Professional account |
For elite account holders, spreads are typically 10-15% tighter than standard accounts. FTP uses liquidity from multiple providers to ensure competitive pricing across all instruments.