The FTMO Challenge is a popular trading challenge offered by FTMO Company, a forex trading company that provides funding to traders who pass their evaluation process. The challenge is designed to assess a trader’s ability to make consistent profits and manage risk in a live trading environment.
The FTMO Challenge involves trading a demo account with a pre-defined set of rules for a specified period. Traders are required to trade according to the rules and meet certain profit targets while managing risk. The rules are designed to mimic real trading conditions and are intended to test a trader’s ability to follow a set of trading rules and strategies.
Traders who successfully pass the FTMO Challenge are offered a funded account with FTMO. This means that they can trade with FTMO’s capital and keep up to 90% of the profits they make. The funded account is subject to a set of risk management rules and profit targets, which traders must follow to continue trading with FTMO’s capital.
The FTMO Challenge is a popular option for traders who are looking to trade with a funded account. It provides a structured evaluation process that tests a trader’s ability to trade profitably and manage risk. Traders who pass the challenge are given an opportunity to trade with FTMO’s capital, which can help them to grow their trading account and take their trading to the next level.
To participate in the FTMO Challenge, traders must pay a fee, which covers the cost of the evaluation process. The fee is relatively small compared to the potential rewards of trading with a funded account, but it’s important to note that not all traders will pass the challenge.
The FTMO offers also a free 14 days trial for traders that want to try a simulated environment and get used to the trading platform and the rules.
Can Register HERE FTMO Challenge
Traders can choose between 2 account types:
FTMO simple account -Leverage 1:100
FTMO SWING account- With an FTMO Swing account type, you can hold trades overnight and over the weekend. You can also trade during the news releases. The leverage on the Swing account type is Leverage 1:30
Also, traders can choose between two(2) risk mode accounts: FTMO Normal Challenge – (Choose between multiple account balances from 10 k usd to 200 k USD)
FTMO Aggressive Account – (Choose between multiple account balances from 10 k usd to 200 k USD)
In conclusion, the FTMO Challenge is a rigorous evaluation process that tests a trader’s ability to trade profitably and manage risk. Traders who pass the challenge are allowed to trade with FTMO’s capital, which can help them to grow their trading account and take their trading to the next level. While the challenge is not for everyone, it can be a valuable opportunity for traders who are looking to trade with a funded account.