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Are you an aspiring trader looking for ways to kickstart your trading career? Have you been struggling to find a reliable source of capital to fund your trades? Look no further, because FTMO Funding offers you the perfect solution.
FTMO Funding is a proprietary trading firm that offers funding to traders who can pass their evaluation process. The firm provides traders with a funded trading account, which allows them to trade with real money without risking their own capital. In this comprehensive guide, we will take a closer look at FTMO Funding and everything you need to know about trading with funded accounts.
What is FTMO Funding?
FTMO Funding is a proprietary trading firm that provides funding to traders who can pass their evaluation process. The firm was founded in 2015 with the aim of providing traders with a reliable source of capital to fund their trades. FTMO Funding offers traders a funded trading account, which means that traders can trade with real money without risking their own capital.
How does FTMO Funding work?
To get funded by FTMO Funding, traders must pass their evaluation process. The evaluation process consists of two stages:
Stage 1: Challenge
The Challenge is the first stage of the evaluation process. Traders are given a set of trading objectives to achieve within a specified period. The objectives include profit targets, drawdown limits, and trading days. Traders must achieve the objectives within the specified period to progress to the next stage.
Stage 2: Verification
The Verification is the second stage of the evaluation process. Traders who pass the Challenge progress to the Verification stage. In this stage, traders must trade using the same rules as the Challenge. The difference is that the Verification stage is longer, and traders must maintain the same level of performance throughout the period.
Traders who pass the Verification stage are offered a funded trading account by FTMO Funding. The funded account comes with a set of rules that traders must follow. The rules include profit targets, drawdown limits, and trading days. Traders who meet the rules can keep a share of the profits they make, while FTMO Funding takes a percentage of the profits as a fee for providing the funding.
What are the benefits of trading with FTMO Funding?
Trading with FTMO Funding offers several benefits to traders, including:
- Access to Capital: FTMO Funding provides traders with a reliable source of capital to fund their trades. Traders can trade with real money without risking their own capital.
- No Risk: Traders can trade with real money without risking their own capital. The funding provided by FTMO Funding means that traders can trade with confidence and focus on their trading strategies.
- Profit Sharing: Traders who meet the rules set by FTMO Funding can keep a share of the profits they make. This means that traders can earn a living from trading and grow their trading account over time.
- Education: FTMO Funding provides traders with access to educational resources and support. Traders can learn from experienced traders and improve their trading skills over time.
What are the rules of trading with FTMO Funding?
Traders who are funded by FTMO Funding must follow a set of rules. The rules are designed to ensure that traders trade responsibly and manage their risk effectively. The rules include:
- Profit Targets: Traders must achieve a certain profit target within a specified period. The profit target varies depending on the account size and trading style.
- Drawdown Limits: Traders must manage their risk effectively and avoid exceeding the drawdown limit. The drawdown limit varies depending on the account size and trading style.
- Trading Days: Traders must trade on the specified trading days. The trading days vary depending on the account size and trading style.
- Trading Rules: Traders must follow the trading rules set by FTMO Funding. The rules include trading hours, lot sizes, and trading instruments.
How to apply for FTMO Funding?
To apply for FTMO Funding, traders must follow these steps:
- Register on the FTMO Funding website and choose the account size that suits your trading style.
- Pass the Challenge by achieving the trading objectives within the specified period.
- Pass the Verification by maintaining the same level of performance as the Challenge.
- Sign the contract and receive the funded trading account.
FAQ
Here are some frequently asked questions about FTMO Funding:
What is the minimum account size?
The minimum account size is $10,000.
What is the maximum account size?
The maximum account size is $300,000.
What is the fee for using FTMO Funding?
FTMO Funding takes a percentage of the profits made by traders as a fee for providing the funding.
What is the duration of the Challenge?
The duration of the Challenge varies depending on the account size and trading style. Typically, the Challenge lasts for 30 days.
What is the duration of the Verification?
The duration of the Verification varies depending on the account size and trading style. Typically, the Verification lasts for 60 days.
Can I withdraw my profits?
Traders can withdraw their profits at any time. The profits are paid out monthly.
Can I trade with my own strategy?
Traders can trade with their own strategy as long as they follow the rules set by FTMO Funding.
Is FTMO Funding regulated?
FTMO Funding is not regulated by any financial authority. However, the firm has a good reputation and has been in operation since 2015.
Is FTMO Funding a scam?
FTMO Funding is not a scam. The firm provides funding to traders who can pass their evaluation process. Traders who meet the rules set by FTMO Funding can keep a share of the profits they make.
Conclusion
FTMO Funding provides traders with a reliable source of capital to fund their trades. The firm offers a funded trading account, which means that traders can trade with real money without risking their own capital. To get funded by FTMO Funding, traders must pass their evaluation process, which consists of the Challenge and the Verification. The funded trading account comes with a set of rules that traders must follow. Traders who meet the rules can keep a share of the profits they make, while FTMO Funding takes a percentage of the profits as a fee for providing the funding. Trading with FTMO Funding offers several benefits, including access to capital, no risk, profit sharing, and education. If you are an aspiring trader looking for ways to kickstart your trading career, FTMO Funding might be the perfect solution for you. Thank you for reading, and see you in the next article!