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.
Audit Scorecard
Our Verdict
FTMO is assessed here on its regulatory licences, published trading costs, platform range and account terms. Its licences from Unregulated (Prop Firm) are the primary safeguard for client funds — check each licence number on the regulator's own register before depositing.
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
Live Newsroom & Updates
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.