FTMO review

FTMO is the largest firm in the sector and among the plainest about what it sells. Its own site states that all accounts it provides are demo accounts with fictitious funds and that it offers simulated trading only. The company is in Prague, which is a real jurisdiction, and the product is still an unsupervised contract.

Last verified 13 August 2026 · how we check

FTMO is the biggest name in prop trading, and the sentence that describes its product best is on its own website:

Please note that all accounts we provide to our clients are demo accounts with fictitious funds and any trading is in a simulated environment only.

Alongside it:

FTMO only provides services of simulated trading and educational tools for traders.

Read those before anything else on the site, because they define what you are buying. A “funded account” at FTMO is a demo account. The money you can earn is a reward calculated from simulated results, not a share of profits from trades that reached a market.

That is true of the entire sector. FTMO is unusual for saying it in the firm’s own words rather than leaving you to work it out.

Prague, and why that matters more than it sounds

FTMO gives its address as Quadrio offices, Purkyňova 2121/3, 110 00 Prague, Czech Republic.

After a week of reviewing firms registered in the Comoros, Saint Lucia and St Vincent, an EU address is a different proposition. A Czech company is subject to EU company law, publishes filings, and can realistically be brought to court by an EU resident. That is not supervision of the trading product, but it is jurisdiction, and jurisdiction is what decides whether a dispute is worth starting.

Compare FundedNext, where trading is executed by a company registered in Moheli, or Super Funded, whose contract names a Seychelles company that holds none of the group’s three licences.

What is still missing, and it is the same thing everywhere

No financial regulator licenses this product, and none is claimed. There is no compensation scheme behind a reward, no rule requiring your fee to be held separately, and no supervisor to complain to if a payout is refused.

No pass rate is published. FTMO promotes a 1-Step Challenge and a 90% profit split, and neither number tells you what share of buyers reach a payout. The two firms in this sector that do publish that figure are covered in prop firm pass rates, and their numbers are the reason the omission matters.

The affiliate network is the largest we measured

Worth knowing if you are reading reviews of FTMO rather than this one. When we mapped prop firm affiliate programmes, FTMO had 684 referring domains carrying its affiliate links, more than any broker we measured, including the large regulated ones.

That does not make the firm worse. It does mean a large share of what is written about FTMO online is written by people paid on conversions, and it is worth checking whether a page recommending it carries a tracking link before weighing its opinion.

Registers we hold in full

Expected, and not a finding. A firm selling simulated evaluations generally holds none of these.

What we checked, and what we didn’t

We read FTMO’s published disclosures and address and searched three registers we hold locally. We have not bought a challenge, traded one, or requested a payout, and nothing here reports on whether FTMO pays.

The questions worth asking are the ones the disclosures already frame. If every account is a demo with fictitious funds, what exactly is the reward a share of? And what proportion of people who pay the fee ever receive one?

Sources

• FTMO — site disclosures and company address
• ASIC Financial Services Licensee Register
• CySEC — register of Cypriot investment firms
• FCA — Financial Services Register