FTMO Founded by CEO Otakar Suffner in the Czech Republic, FTMO has built a strong reputation as a trusted trading platform over the past eight years, offering account sizes from $10,000 to $200,000 and supporting MT4, MT5, and cTrader for traders.

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Year Founded: FTMO was established in January 2015.

Founder and CEO: Otakar Suffner, who has played a crucial role in building a trusted trading platform.

Office Address: FTMO operates from the Czech Republic.

Challenge Summary: FTMO features a two-step evaluation process to assess traders’ skills and discipline. Successful participants gain access to funded accounts.

Main Trading Rules for Challenges:

• Profit Targets: The profit target for FTMO’s evaluation model is structured as follows:
  • Phase 1: 10% profit target.
  • Phase 2: 5% profit target.
• Drawdown Limits: The maximum total drawdown is 10%.
• Daily Loss: A daily loss limit of 5% is enforced.
• No Hedging: Hedging is not permitted during the evaluation.

Trading Platforms: FTMO supports popular platforms including MT4, MT5, cTrader, and DXTrade, providing flexibility for traders.

• Payment Methods: Payouts are processed primarily through:
• Cryptocurrency options.
• Rise.

FTMO Specific Trading Rules:

• Expert Advisors (EAs): Allowed, provided they are used as trade or risk managers. Generic EAs are not permitted.
• Copy Trading: Allowed on individual accounts.
• News Trading: Permitted only during the challenges, with restrictions during significant economic events.
• Stop Loss: Optional but recommended for effective risk management.
• Weekend Holding: Allowed only during the challenges, accommodating swing traders.

Key Information:

• Founded Since: January 2015
• Based Country: Czech Republic

Can I trade news?

During the FTMO Challenge and Verification, traders can trade freely during news releases. However, once they pass, caution is advised unless on a Swing account. Specific instruments are restricted for new trades or closing existing trades around key news announcements.

Traders may hold positions opened over 2 minutes prior to a news event, but activating stop loss or take profit during the restriction may violate the FTMO Account Agreement. Trading non-targeted instruments remains permissible. For details on restricted instruments and announcements, refer to the trade restriction table.

The news releases schedule can also be monitored in our Economic Calendar, where these restricted events are marked by a red background fill:

Do I have to close my positions overnight?

In the FTMO Challenge and Verification, you can keep positions open overnight and over the weekend. However, once you have an FTMO Account, you must close positions before weekend market closures or if a rollover exceeds 2 hours. Trading hours vary by asset class and are subject to change due to holidays.

Check the Trading Updates section for any changes. FTMO Account Swing traders are exempt from these restrictions and can trade during news events and weekends. Always stay informed about trading hours associated with your account.