Which trading platform does FTMO use? (2024)

Which trading platform does FTMO use?

FTMO offers its traders the most popular trading platforms, MetaTrader 4

and 5, as well as cTrader. We briefly covered these programs in a recent article. MT4 has long been the most used application, but it looks outdated compared to cTrader.

What platform does FTMO use?

You can trade your FTMO Challenge, Verification, and FTMO Account on some of the most popular retail platforms – MetaTrader 4, MetaTrader 5, DXtrade, or cTrader.

What broker does FTMO challenge use?

Some popular platforms among traders include MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView. The choice of platform will depend on your trading style, experience level, and the specific requirements of the FTMO challenge.

Does FTMO use TradingView?

In addition to the most popular trading applications offered by FTMO to its clients, the TradingView website, which is also very popular among traders, offers an interesting analytical service.

Does FTMO use cTrader?

In addition to the MetaTrader platform, FTMO also allows traders to use the cTrader platform. Due to the many indicators and analytical tools, this platform is also very popular among traders.

What broker does the funded trader use?

Which broker does Funded Trader use for the FX Funded accounts? Our Fund uses IC Markets and ATC Brokers which are globally Regulated brokers.

Why did FTMO ban US clients?

Since the establishment of our company, our goal has been to provide top-quality services for our clients. Unfortunately, at present, we are not able to do that in the United States due to specific conditions in the market segment there.

Who is better than FTMO?

FunderPro: FunderPro is the most popular alternative to FTMO. It has a similar two-step challenge process, but the requirements are slightly more lenient.

What countries are banned from FTMO?

Due to regulatory developments and business decisions based on risk management considerations, FTMO does not accept clients in India, the Russian Federation, the Republic of Belarus, the Republic of Indonesia, Cuba, Venezuela, Sudan, and South Sudan.

Is FTMO its own broker?

Since FTMO does not work as a broker, it is not regulated. This company uses a two-step evaluation process that has a relatively low pass rate. In this way, only capable traders are promoted to professional status.

Is FTMO a forex trading?

In addition to the trading platforms that are available to all Forex traders, FTMO offers a number of interesting applications and solutions to help you achieve better trading results.

Should I trade on TradingView or MT4?

If you are a forex or CFD trader who wants a powerful platform with a wide range of features and customization options, then MT4 is a good choice. If you are a trader who wants a platform that is easy to use and has a wide range of markets and instruments available, then TradingView is a good choice.

How many traders use FTMO?

Trading. Over the year, we have created more than 960,000 trading accounts through our platform for you. This total includes all FTMO Challenges, Verifications, FTMO Accounts, and Free Trials. More than 90,000,000 trades were executed on all accounts in 2021, indicating a reasonably active approach to trading.

What country is FTMO from?

FTMO is a leading firm in the field of modern prop trading based in the Czech Republic.

Does FTMO use CFD?

The underlying asset can be a stock index, commodity, equity or currency. Our funded challenge FTMO Accounts allow trading CFD-based instruments with liquidity being delivered by multiple providers.

Which is better MetaTrader or cTrader?

This level of flexibility empowers traders to create an environment tailored to their specific trading needs. On the other hand, MetaTrader, especially MT4, has a more rigid UI, with limited customisation options. While MT5 improved in this aspect, it still lags behind cTrader's superior customisation features.

What is the most used forex broker in the world?

IC Markets is the largest forex broker by trading volume, with over $774 billion in forex trading volume in the third quarter of 2021 alone, according to data compiled by Finance Magnates. IC Markets is also well-known as an excellent option for algorithmic traders due to its great pricing and execution.

What prop firm has a 5k account?

Funded Trading Plus is a prop firm that offers traders the opportunity to trade with a funded account. They have different account types, but their most affordable option is the Basic account, which costs $99. This account comes with a virtual account ranging from $5,000 to $25,000, depending on the package you choose.

What broker does NinjaTrader use?

NinjaTrader uses CQG Continuum as its primary data provider for live brokerage accounts, although Rithmic is supported as well.

How many people fail FTMO?

The FTMO challenge has a reputation for being extremely difficult to pass. Across FTMO's various account levels, it is estimated that only around 10% of traders are able to successfully complete the evaluation and become a funded trader. This means approximately 90% of those who attempt the challenge end up failing.

Can you lose your FTMO funded account?

Loss of the FTMO Trading Account: FTMO sets maximum drawdown limits that traders must adhere to. If your account balance falls below this limit due to trading losses, FTMO may terminate the trading account, and you would no longer have access to their capital.

Is FTMO no longer accepting US traders?

Unfortunately, at present, we are not able to do that in the United States due to specific conditions in the market segment there. Therefore, we have decided to suspend the purchase of the FTMO Challenge for our new and existing US clients (nationals), just as we put a hold on onboarding new US clients.

What is the best platform for FTMO challenge?

MetaTrader is the most widely used program among forex traders, and that applies to FTMO traders as well. The program's environment is intuitive and straightforward, however, its modifiability gives modders space to make it even better and user-friendly.

What is the biggest FTMO payout?

Dariusz from the USA probably exceeded everyone's expectations and made his dreams come true. Being our FTMO Trader with a maximum allocation, he was able to beat the previous record payout of $500,180 by miles thanks to his profit of $1,206,225, which is the biggest profit recorded in the industry!

How reliable is FTMO?

Having successfully operated since 2015, we provided thousands of clients with their FTMO Accounts, and in total, we have paid out over $160 million. We've also been featured in Forbes and awarded by Deloitte and EY multiple times.