FTMO traders are a unique group of retail traders who have passed the rigorous FTMO evaluation process and received funded trading accounts from FTMO. The FTMO evaluation consists of two stages and tests traders on their risk management, consistency, and overall trading abilities. Traders who pass can receive funded accounts up to $200,000 to trade risk-free with.
Who Are FTMO Traders?
FTMO traders come from all backgrounds and parts of the world. Many are independent retail traders looking to take their skills to the next level with a larger, funded account. Others are professional traders or prop firm employees seeking additional income streams. A few common traits and motivations unite them:
- Proven Trading Abilities: Every FTMO trader has demonstrated solid risk management and consistent profits during the evaluation. This sets them apart from the majority of retail traders.
- Desire to Scale Up: Passing the FTMO evaluation allows traders to access more trading capital and potentially increase profits. Traders use FTMO accounts to scale up without risking their own money.
- Additional Income Stream: For professional traders or prop firm employees, FTMO provides an extra source of trading income outside of their main activities. The funded accounts act as supplementary profit generators.
- Career Advancement: Up-and-coming retail traders use FTMO accounts to gain experience managing larger sums of money. Success with FTMO can demonstrate their readiness for prop firm or hedge fund roles.
- Trading Community: Joining FTMO provides access to a network of skilled, like-minded traders. Traders can connect with and learn from their FTMO peers.
The FTMO Evaluation Process
The FTMO evaluation is no easy feat and really separates skilled traders from the masses. It consists of two phases, each testing key trading attributes:
Phase 1
The first evaluation phase focuses on risk management and discipline. Traders receive $100,000 in virtual funds to trade forex and indices for 30 days. To pass, they must:
- Maintain a maximum daily loss of 5%
- Maintain a maximum loss of 10%
- Achieve a profit target of 10%
This phase ensures traders can manage risks and avoid overleveraging. It also tests if they can consistently generate profits over an extended period.
Phase 2
If traders pass the first phase, they proceed to the second. This phase provides $200,000 in virtual funds to trade for 30 days. Traders must:
- Maintain a maximum daily loss of 3%
- Maintain a maximum loss of 6%
- Achieve a profit target of 6%
Here, the risk limits tighten further. Traders also need to demonstrate they can handle a larger account balance. The minimum profit target decreases but remains a challenge over 30 days of trading.
Surviving the FTMO evaluation proves a trader has solid risk management skills and the ability to trade profitably over time. These universal attributes are integral for managing funded accounts as well.
FTMO Traders Account Details
Traders receive access to real funded accounts after passing the evaluation. Account sizes and terms include:
- Account Balances: Traders can receive funding between $10,000 and $200,000. They choose the balance best matched to their trading style and capabilities.
- Risk-Free Trading: FTMO covers any losses on funded accounts. Traders keep 70% of their profits but do not lose any of their own capital.
- No Minimum Activity: There are no requirements regarding minimum number of trades or trading days. Traders have flexibility to be active as little or often as they like.
- Monthly Payments: Profits above the account balance minimum are paid out at the end of each month. Traders receive steady income from their trading activities.
- Rollover: Funded accounts renew each month as long as minimum balance rules are maintained. Traders can roll over profits indefinitely.
- Dedicated Support: An account manager provides support and guidance throughout the trading period. Traders can get personalized assistance.
FTMO accounts represent an excellent opportunity for skilled traders to grow their profits without added risk. The funded accounts provide the capital, risk protection, and support to trade like never before.
FTMO Traders Success Stories
Many talented traders have leveraged FTMO accounts to new heights. Here are some inspiring FTMO traders who maximized their funded accounts:
Michael & Petra
This husband and wife duo from Germany both passed the FTMO evaluation earlier this year. They each received $50,000 funded accounts. In just 3 months of trading, Michael has already made over €108,000 in profits. Petra has achieved total profits of €62,000. Though relatively new to trading, they have quickly scaled up thanks to FTMO.
Paul R.
Paul is an independent day trader from Canada. He trades a mix of forex, indices, and commodities short-term. After passing the FTMO evaluation, he received a $200,000 account. In 5 months of trading, Paul has generated $137,000 in profits. The larger capital has allowed him to maximize profits from his proven trading strategy.
Yusuf A.
Yusuf is a long-time retail trader specializing in crypto. Through FTMO he gained a $100,000 account to test his skills on forex. Despite being new to forex, he has made $47,000 in profits over the past 2 months. The FTMO opportunity has let Yusuf diversify into new markets extremely profitably.
Linda T.
Linda is a retired business executive who took up trading. She focused on swing trading US stocks. After successfully passing the evaluation phases, she traded a $25,000 FTMO account. In her first month she made $9,200, nearly a 40% return. Linda is now scaling up to a $200,000 account to continue her new trading career.
These examples demonstrate the immense potential of FTMO accounts. Talented traders can rapidly compound profits when given access to proper risk-free capital.
The Benefits of Joining FTMO
Passing the evaluation and trading with FTMO provides significant benefits beyond just funded accounts. FTMO traders also enjoy:
A Supportive Community – Connect with fellow talented traders. Share strategies and experiences. Learn together.
Ongoing Education – FTMO provides trading coaches, seminars, webinars and written resources. Constantly improve your skills.
Media Exposure – Get promoted by FTMO on their blog and social media. Raise your profile.
Career Opportunities – Get headhunted by prop firms or hedge funds. FTMO success can open doors.
Account Management – Dedicated account managers provide guidance and support whenever you need it.
Technology Access – Use FTMO’s advanced WebTrader and desktop platforms free of charge. Leverage the latest tech.
Becoming an FTMO trader is about more than just trading capital. It’s about joining a thriving community of skilled traders around comprehensive resources and support. The full experience enables success.
Risks and Challenges for FTMO Traders
While funded accounts present great opportunities, FTMO’s trader also face risks and challenges:
- Overleveraging – The large balances tempt some traders to take excessive risks. Sticking to sound risk management is critical.
- Reactive Trading – Traders may deviate from their proven strategies trying to quickly compound profits. Remaining disciplined is key.
- Loss Streaks – All traders go through losses. With funded accounts, drawdowns can feel amplified. Staying patient through droughts is important.
- Added Pressure – Some traders feel added weight to perform trading for profits. Keeping emotions in check and avoiding force trades helps manage pressure.
- Limited Instruments – Traders accustomed to certain exotic instruments may find FTMO’s offering limited. Adapting strategies or maintaining separate accounts can help.
- Account Losses – A few traders fail to respect the maximum loss rules and lose accounts. Trade limits must be followed diligently.
- Tax Complexities – Different tax laws across traders’ jurisdictions can complicate profit withdrawals. Consulting tax experts is wise.
The funded accounts clearly enable great profit potential. But traders need to adjust and adhere to best practices to realize success and longevity with the program.
The Road to Becoming an FTMO Trader
For traders aspiring to pass the evaluation, here are some tips:
- Refine Risk Management – Success with FTMOs is built on risk management. Work on following stop losses, appropriate position sizing, and limiting daily losses through practice.
- Cultivate Consistency – Generate steady returns trading after trading, day after day. Take profits quickly and minimize losses ruthlessly.
- Trade Your Way – Don’t try adopting complex new strategies. Stick with what has already been working for your style.
- Prepare Diligently – Take the time to properly prepare. Study the rules, terms, and platform intricacies. Being ready can make a big difference.
- Manage Emotions – The high-stakes nature of the evaluation can be emotionally challenging. Work on keeping composure through ups and downs.
- Tune out Distractions – The evaluation period will require intense focus. Minimize unnecessary distractions to stay in the trading zone.
With dedicated practice and preparation, the FTMO. evaluation is absolutely achievable. Traders who put in the work can look forward to joining the ranks of skilled, profitable FTMOs traders.
FTMO traders union
The FTMO Traders Union is an emerging entity created by and comprised of traders funded by FTMO (Financial Trader Mentoring Organization). The union aims to represent the collective interests of FTMO traders worldwide. While still in its infancy stage, it has the potential to become an influential organization giving FT MO traders a united voice.
Origins of the FTMO Traders Union
The earliest seeds of the FTMO Traders Union sprouted in late 2021. Several leading FTMO traders began having informal discussions around forming a representative body specifically for FTMO-funded traders.
They saw multiple benefits arising from bringing the growing number of skilled FT.MO traders together under one umbrella organization. Some key motivations included:
- Creating an organized structure to communicate with FTMO management
- Providing educational resources tailored to trading FTMO accounts
- Establishing a support network amongst FTMO traders
- Advocating for improved FT.MO trader benefits
With increasing chatter amongst traders, the concept steadily gained steam. In March 2022, an organizing committee formed to establish a constitution and bylaws for the union. Membership quickly grew as word spread. By October 2022, the FTMO Traders Union held elections for leadership roles and officially came into existence.
While still very early, the FTMO Traders Union has laid the groundwork to become the voice for FTMO. traders worldwide. The commitment of early members indicates strong momentum moving forward.
Aims and Objectives
The FTMO Traders Union exists to promote and protect the interests of FT.MO-funded traders. Key aims include:
Education – Provide specialized trading education resources to maximize members’ FT.MO account success. Share techniques, strategies, and best practices.
Communication – Facilitate open communication between FTMO. traders and FTMOmanagement. Give traders channels to voice opinions and shape policies.
Protection – Work to safeguard the rights of FTMOtraders. Lobby for enhanced account security, privacy, and trading autonomy.
Benefits – Fight for improved trader benefits like higher profit splits, discounted services, and bonus programs.
Community – Build a sense of community and mutual support among members. Create opportunities for networking, socializing, and skill-sharing.
Regulation – Push for increased industry regulation and standardization around trader funding programs. Promote fairness and transparency.
Achieving these aims will strengthen the livelihoods of FTMO traders and help the industry progress. But fulfilling such lofty objectives requires unified action that the FTMO Traders Union hopes to provide.
Organizational Structure
In its current form, the FTMOTraders Union consists of:
- An Executive Committee elected by members that sets policies. It consists of a President, Vice President, Secretary, and Treasurer.
- A Council with representatives from different global regions that reviews and votes on new policies.
- Member Directors that lead key initiatives like education, events, marketing, and technology.
- General Members from whom the leadership is elected and that steer the Union’s direction.
This organizational structure looks to balance leadership with grassroots participation. The leadership promotes centralized direction and strategy. The membership base provides a democratic means of driving the Union through their direct voting powers.
As it matures, the structure will likely evolve. But the core principles of leadership and member participation will remain cornerstones of the Union.
Progress and Wins
Despite its newness, the FTMO Traders Union has already begun delivering for members:
- Hosting Networking Events – In-person and virtual events that allow members to connect, socialize, and exchange ideas.
- Publishing Educational Resources – Articles, videos, webinars, and courses tailored specifically to maximizing FTMO account success.
- Launching Social Channels – Facebook, Discord, and WhatsApp groups that enable member communication and support.
- Petitioning for Enhanced Statements – Successfully lobbying FTMO to include more transaction details on trader statements for better transparency.
- Advising on Procedure Changes – Providing feedback to FTMO. that shaped more favorable withdrawal and rollover procedures.
These early wins are encouraging signs of the Union’s potential impact. They demonstrate that even as a young, volunteer-run organization, it can deliver meaningful benefits to members. The future looks bright as the Union continues maturing.
The Road Ahead
The FTMO Traders Union remains in its infancy with much growth ahead. Some key priorities for the future include:
- Increasing membership to build influence and funding capacity
- Developing a self-sustaining financial model beyond membership dues
- Solidifying education offerings with more courses and expert trainers
- Fostering deeper relationships with FTMO management
- Establishing international legal standing and local chapters
- Expanding outreach and partnerships beyond just FTMO
Achieving these milestones will take years of committed effort. But for an organization powered by driven trading professionals, the sky is the limit. The FTMO Traders Union has bold aspirations that could reshape the retail trading landscape. Its eventual legacy has yet to be written.
FTMO traders list
FTMO only shares limited information about the traders funded through its program to protect their privacy. However, some traders have chosen to share their success stories openly. Here is a list of 10 impressive traders who have revealed their achievements of passing the FTMO evaluation and profiting from funded accounts:
1. Michael S. – Michael is an independent day trader from Australia specializing in forex majors. He passed the $200,000 FTMO evaluation on his first attempt. In 5 months, he has made over $85,000 in profits.
2. Alicia D. – Alicia is a swing trader from the UK focused on gold and indices. She struggled passing the evaluation but succeeded on her third try. She has earned $62,000 trading her $100,000 FTMO account in 4 months.
3. Frank A. – Based in Germany, Frank is a scalper trading across forex, indices, and commodities. He passed the $25,000 evaluation then quickly scaled up. He now manages a $200,000 FTMO account which has generated over $250,000 in 8 months of trading.
4. Troy M. – Troy is a professional prop firm trader from Canada. He passed the FTMO evaluation to supplement his income. His $50,000 FTMO account has produced $38,000 in extra profits over 3 months.
5. Wen Z. – Wen Zhao is a Chinese day trader specializing in crypto and US stocks. She passed the evaluation with a $50,000 account. After making over $35,000 in 2 months, she is upgrading to the maximum $200,000 account.
6. Petra S. – Petra is a mechanical swing trader from Slovakia. She barely passed the evaluation but then made rapid progress. Within 6 months she has earned $85,000 from her initial $50,000 account.
Next
7. Pavel T. – Based in Russia, Pavel trades commodities and indices using a quantitative strategy. He struggled for months before passing. His profits have since soared to $94,000 on a $100,000 account in just 4 months.
8. Samuel B. – Samuel is a novice trader from South Africa specializing in forex. He surprisingly passed the $10,000 evaluation on his first try. He has more than doubled his account, generating over $12,000 in profits so far.
This list demonstrates the diversity of talented traders achieving success through FTMO’s program. Their accomplishments prove that with dedication and perseverance, funded accounts can become extremely profitable.
Conclusion
In conclusion, FTMO traders represent an exclusive group of retail traders who have demonstrated their skills by passing a challenging evaluation process. This grants them access to funded accounts up to $200,000 that they can trade risk-free to maximize profits. FTMO facilitates this through an innovative trader funding model.
While trading these large accounts presents risks and challenges, the potential rewards are immense. Many traders have achieved highly impressive returns. The FTMO Traders Union aims to support these traders through shared resources and collective representation.
Overall, skilled retail traders around the world now have immense opportunities through FTMO trader funding. The successful traders highlighted here represent just a glimpse of this expanding segment of expert traders profiting from accounts. As FTMO’s model keeps gaining traction, more exceptional traders will likely join their ranks and take their trading to the next level.
