FTMO is a leading prop trading firm that offers traders the opportunity to trade with substantial capital and keep up to 90% of their profits. If you’re looking to join FTMO and start your journey towards becoming a funded trader, you’ll be pleased to know that there are ways to save on your initial investment. In this guide, we’ll explore “How to Apply FTMO coupons, discounts, and promo offers to help you get started with this reputable prop firm.
Why Choose FTMO?
If you’re looking to take your trading career to the next level, FTMO stands out as the premier choice among prop trading firms.
Here are the key reasons why FTMO should be at the top of your list:
- Large Account Sizes and Scaling Opportunities
FTMO offers traders the opportunity to manage accounts up to $400,000 after successfully completing their evaluation process. This allows you to trade with significant capital without risking your own money.
- Industry-Leading Profit Splits
FTMO offers an incredibly generous profit split of up to 90% for traders. This means you get to keep the vast majority of the profits you generate, providing substantial earning potential for skilled traders.
- Advanced Technology and Tools
As a modern prop trading firm, FTMO invests heavily in cutting-edge technology and trading tools. Traders gain access to state-of-the-art platforms, analytical tools, and real-time data feeds.
- Multiple Account Types and Instruments
FTMO caters to different trading styles by offering both Standard and Swing account types. Traders can choose from a wide range of instruments including Forex, Indices, Commodities, Cryptocurrencies, and Stocks.
- Trustworthy and Reputable
FTMO has established itself as one of the most trusted names in the prop trading industry. They have been recognized by Deloitte and Ernst & Young for their innovative approach. With over 180,000 accounts created and millions in payouts processed, FTMO has a proven track record of reliability.
- Free Trial and Accessible Entry
FTMO offers a Free Trial account that allows you to test their platform and assess your trading skills without any financial commitment. Their one-time fee structure for the evaluation process is also beginner-friendly compared to other prop firms.
Quick Look Around FTMO
| Key Feature | Details |
|---|---|
| CEO | Otakar Suffner |
| Platform | MetaTrader 4, MetaTrader 5, cTrader, dxTrade |
| Payout Split | Up to 90% |
| First Payout | After successful completion of FTMO Challenge and Verification |
| Subsequent Payouts | Monthly |
| Maximum Drawdown | 5% daily, 10% overall |
| Headquarters | Czech Republic |
| Expert Advisors | Allowed |
| Max Funding | $400,000 (through scaling plan) |
| Funding Programs | FTMO Challenge, Verification, FTMO Account |
| Leverage | Up to 1:100 (1:30 for Swing accounts) |
| Weekend Holding | Allowed on Swing accounts |
| Contact | support@ftmo.com |
| Trustpilot Rating | 4.8/5.0 |
Step-by-Step Process
Here’s how you can use it:
- Visit the official FTMO website (ftmo.com)
- Select your desired account size and trading parameters
- Proceed to the payment page.
- If any active promotions exist, the discount is automatically applied.
- Apply the code to see your discount reflected in the total.
- Complete the payment process.
Why Use FTMO Coupon?
Using an FTMO Coupon or FTMO discount Code can provide several advantages:
- Lower Entry Cost: Reduce your initial investment, allowing you to allocate funds elsewhere in your trading journey.
- Risk Mitigation: A discounted entry fee means less capital at risk if you don’t pass the challenge.
- Faster Scaling: Save money on your first account and use those savings to attempt larger account sizes sooner.
- Test Multiple Strategies: Use the savings to attempt the FTMO Challenge with different trading approaches.
How does FTMO Work?
Let’s briefly review how FTMO operates:
- FTMO Challenge: Traders start with a demo account and must meet specific profit targets while adhering to risk management rules.
- Verification: Upon passing the challenge, traders enter a shorter verification phase to confirm their consistency.
- Funded Account: Successful traders receive a funded account with up to $200,000 in capital.
- Profit Splits: Traders keep up to 90% of the profits they generate on the funded account.
FTMO Account Types
FTMO coupon offers various account types to cater to different trading styles and preferences. Understanding these options is crucial for traders looking to maximize their potential with this prop firm. Let’s explore the main account types offered by FTMO.
Standard vs. Swing Account Types
FTMO primarily offers two main account types: Standard and Swing.
Here’s a comparison of their key features:
| Feature | Standard Account | Swing Account |
|---|---|---|
| Holding Positions Overnight | Limited to 2 hours market close | No restrictions |
| Weekend Holding | Not allowed | Allowed |
| News Trading | Restricted | Allowed |
| Leverage | Up to 1:100 | 1:30 |
| Minimum Trading Days | 10 | 10 |
| Maximum Daily Loss | 5% of the initial balance | 5% of the initial balance |
| Maximum Loss | 10% of the initial balance | 10% of the initial balance |
- Standard Account Type
The Standard account is suitable for day traders and those who prefer shorter-term trading strategies. It offers higher leverage but comes with restrictions on holding positions overnight and over weekends.
Key Features
- Higher leverage (up to 1:100)
- Ideal for day trading and short-term strategies
- Restricted news trading
- Limited overnight holding (up to 2 hours market close)
- Swing Account Type
The Swing account is designed for traders who prefer longer-term positions and fundamental analysis. It offers more flexibility in terms of holding periods but with reduced leverage.
Key Features
- Lower leverage (1:30)
- No restrictions on holding positions overnight or over weekends
- Suitable for fundamental traders and those analyzing higher timeframes (H1 and above)
- Allowed news trading
FTMO Coupon Queries
Can I use Discount Codes for services other than the FTMO Challenge?
The Premium Programme discount applies to new FTMO Challenges and the e-shop, but may not apply to other services.
What if My Discount doesn’t work?
If you’re having issues with your Premium Programme discount, contact FTMO’s customer support for assistance.
Are there any Restrictions on who can access these Discounts?
The Premium Programme discounts are only available to traders who meet the qualification criteria and maintain their status in the program.
How does Profit Withdrawal work at FTMO?
Profits can be withdrawn monthly after a minimum trading period of 14 days, with payouts processed within 1-2 business days.
What is The Maximum Funding available through FTMO?
Traders can manage accounts with balances up to $200,000 based on their performance in the evaluation stages.
What Educational Resources Does FTMO Provide?
FTMO offers various educational tools and resources, including performance coaching and trading journals, to help traders improve their skills.
Conclusion | Making the Most of Your FTMO Coupon
Utilizing an FTMO coupon can significantly enhance your trading experience by providing you with financial flexibility and access to valuable resources. These coupons not only reduce the initial costs associated with FTMO’s evaluation programs but also serve as an incentive to explore their comprehensive trading tools and educational materials.
By taking advantage of these offers, traders can embark on their journey with a more foundation, ultimately increasing their chances of success in the competitive trading landscape. Stay informed about the latest promotions and make the most of your trading potential with FTMO’s innovative solutions.
