FTMO Review
Written By
ForexRater Research Team
Data-driven broker comparison · Independently tested · No paid rankings
Reviewed against our published methodology →Reviews represent the editorial opinion of ForexRater and are not personal financial advice.
- · No broker parent verified against a primary source.
- · Payout reliability not scored: no retrievable rating or payout reporting on record.
- · Adverse signals deduct 0.15 from the track-record term.
- · Transparency not scored: rules pages only partly retrieved (Retrofitted from the existing review record; FTMO's current rules pages have not been re-read in this pass.).
Programme terms
Read from FTMO’s own pages on 2026-09-18. Source
Rules pages only partly retrieved
Retrofitted from the existing review record; FTMO's current rules pages have not been re-read in this pass.
Blank fields below mean we have not read them — not that FTMO withholds them. Programme transparency is left unscored rather than counted against the firm.
Reliability signals
Reported by the sources named below. We have not independently verified these.
Founded 2015 in Prague.
per FTMO company materials, 2026-09-18· the firm’s own reporting
Listed on the Reserve Bank of India Alert List (serial 13, list version 2025-11-19) — an authorisation warning for Indian residents under FEMA, not an enforcement action.
per Reserve Bank of India Alert List, 2025-11-19
Audit Scorecard
Our Verdict
FTMO is assessed here on its published programme terms, costs, platform range and account rules — not on licences, because it holds none of its own. There is no regulator register to check and no client-money protection behind a challenge fee; the safeguards that apply to a licensed broker do not apply here.
FTMO advertises execution of 20ms and offers MT4. That execution figure is the broker's own published claim, not a speed we have measured — real fills vary with account type, session liquidity and news conditions.
Pros & Cons
The Good
- Most Trusted Prop Firm
- High Profit Split
- Excellent Tools
The Bad
- Hard Challenge
- Strict Drawdown Rules
Regulatory record
Primary registersPublic enforcement records & market-access notices
No public enforcement actions on record (last checked 28 Jul 2026).
Regulated-perimeter note
Czech-registered evaluation/prop firm operating without a financial-services licence. CNB position: demo/simulated prop services are not investment services requiring authorisation; real-account models may fall under MiFID. Since 1 Dec 2025 the group owns a fully licensed broker (OANDA).
Group note
FTMO completed the acquisition of OANDA Global Corporation from CVC on 1 December 2025 (announced 2 Dec 2025; five regulatory approvals over ~8 months). See oanda’s record.
Authorisation/market-access warnings for specific jurisdictions — not enforcement actions or sanctions against the broker.
- rbi alert list (2025-11-19) — Authorisation warning for Indian residents under FEMA; not an enforcement action.checked 28 Jul 2026
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Quick Stats
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Also Consider
Risk Warning
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.