FTMO Review 2022: Is It Safe Or A Scam

A company named FTMO makes a claim to work with and for traders. A claim made by the platform is that using their application would help you become a better trader. It also claims that it supports traders.

For assessing new clients, the company hire two distinctive techniques. The verification process and the FTMO challenges are involved. To recognize skill exchange, the company was founded.

You will immediately be placed at FTMO private if the client completes the trading course. You can control your account here with a balance of up to $100,000. It is complex to get that rank. In the market, the company primarily targets seasoned traders.

You can also use the top forex brokerage firms to generate a good income. Even new merchants are welcomed in the market. FTMO is a respectable company that has already supported several traders. They began their profitable business in 2015, and their numerous evaluations have shown they are reliable.

It would help if you didn’t worry, though, since the prop trading firms performance psychologist, training system, and account analysis will help. The trading platform wants users to become financially independent.

Is FTMO Legit Or A Scam?

The fact that FTMO is a real prop trading company and has been in business for more than five years speaks much about its reliability. We need help locating regulatory licensing or network information on its official website. That said, it still isn’t a scam.

Let’s put it another way: FTMO is a legally recognized prop trading firms with a physical presence. Furthermore, there hasn’t been a single customer complaint claiming it’s a scam. As a result, it is a legitimate trading platform.

Sure, you could strike it rich and spend your retirement years in Italy, but chances are you’d need to have the financial resources and guts to endure many losses before you get there, and it might never happen.

The majority of the large gains figures that these businesses employ in their marketing (such as “xyzzy increased by 4,112% in 3 months” or “this option made 324% in just 2 days”) are inaccurate. The ten 100% losers who came before you should be mentioned.

For example, if you had put $100 into 11 recommendations, you would have lost $1,000 and made back $324, leaving you with a net loss of approximately $700.

Most people need more resolve to persevere through three consecutive months of losers to find one large winner. What if, over that same three months, you put in just a few hours every day (during your spare time) and, in return, received a monthly payment of $500 to $2,000?

What if you could do it in three months? Imagine starting today and receiving your first paycheck in a week.

Two Steps Make up the FTMO Qualifying Process for Traders:

The FTMO Challenge is a simple test of a trader’s discipline and skill. Fees for taking part in the challenge depending on the chosen risk mode, leverage, and account size.

The next stage after completing the task is FTMO Verification. The rules are similar to the Challenge rules but with a longer time frame and a reduced profit target. Verification is free.

Successful FTMO traders are entitled to receive up to 90% of their monthly profits and a scaling-up plan for their accounts that increases their capital by 25% every four months without a cap.

FTMO Offers the Following Resources to Aid Traders:

Trading Journal, statistical software, equity simulator, and other Mentor apps

Conclusion

FTMO is an online marketplace that provides thriving traders with capital. Their primary goal is to develop successful fund managers from traders. The business guarantees that each customer will receive a refund of their deposit money and a profit of 70%.

The platform’s information is quite appealing. Please wait until you read their incredible reviews. Any trader who would like to be financed should consider the company. To meet their needs, though, you must be committed and hardworking.

There are severe guidelines on the platform that you must follow. They offer only a few high-quality tools. Additionally, professional traders can find no value in accessible educational resources.