In today’s fast-paced online trading world, it’s important to focus on one number that reveals the success of FTMO. FTMO, a proprietary trading firm, helps traders become profitable through its funding programs.

As we dive into FTMO, let’s first get to know this pioneering organization. Then, we’ll understand why it’s important to grasp the size of its trader community.

How Many Traders Does FTMO Have?

As you ponder the question “How many traders does FTMO have?” you may wonder why this information matters. In essence, grasping the size of the FTMO community allows us to appreciate several key aspects:

• Diversity: Many traders offer different views, methods, and ideas. This creates a rich learning environment for everyone involved.
• Community engagement: A large group of active traders encourages discussions, teamwork, and sharing of knowledge among peers.
• Industry influence: The many successful traders under FTMO show that its methods work and help build its reputation in the trading world.

According to FTMO, their platform has over 960,000 trading accounts. Yet, the exact number of traders FTMO has is not stated. However, the platform reaches traders in over 180 countries worldwide. It sends payouts to places where, for instance, $1,000 means a lot.

In 2021, FTMO traders made over 90,000,000 trades on all accounts, showing they were quite active in trading. The total payouts in 2021 were $29,000,000, which is a truly incredible number. FTMO doesn’t give the exact number of traders, but it’s obvious they have many traders worldwide. The trades and payouts in 2021 show how popular and successful the platform is.

Also, with over 960,000 trading accounts created, there are likely a lot of traders involved. It’s important to remember that the number of traders might have changed over time, and the latest statistics might not show how many traders are on the platform now.

About FTMO

FTMO is a modern, prop trading firm that has gained recognition in the industry. Marek Vasicek, the CTO, and Otakar Suffner, the CEO, founded the company in 2014 when they were students in Prague. Frustrated by not making enough profit with small accounts despite successful trading, they came up with FTMO to give trading capital to proven traders.

FTMO’s drawdown rules are in its 2-step Evaluation Process for traders. It includes an FTMO Challenge and a Verification, designed to find trading talents. Traders who complete the Evaluation Process can trade on an FTMO Account with a balance of up to $200,000.

Successful traders can receive up to 90% of their profits monthly through the firm’s payout system. Additionally, there’s an account scaling plan available.

Traders also get different tools and resources to help them trade. Like the Mentor App, Trading Journal, Statistical App, and Equity Simulator.

FTMO’s profit sharing lets traders change Profit Split Day up to three times per withdrawal. This gives them flexibility in managing payouts. For all FTMO Traders, the default payout ratio is 80%. However, it can increase to 90% if traders meet the Scaling Plan conditions.

Traders can withdraw profits through bank wire transfer, Skrill, or cryptocurrencies. There are no withdrawal commissions charged.

FTMO’s maximum daily loss policy limits losses to 5% of the account balance. This aims to encourage sustainable trading and shield traders from making emotional decisions in volatile markets.

The firm provides favorable trading conditions, offering access to various supported assets like forex, commodities, indices, and cryptocurrencies. They also ensure efficient order execution speed.

Successful FTMO traders use different strategies. Including trend following, mean reversion, and breakout strategies. The performance of various trading styles is evaluated, focusing on consistency and returns adjusted for risk.

FTMO offers a performance coach specifically to help traders achieve consistent profitability. The Performance Coach provides personalized guidance, analyzes trades, and offers psychological support. This helps traders overcome challenges and improve their performance.

Traders who finish the FTMO Challenge and Verification can receive up to 90% of the profits monthly and qualify for an account scaling-up plan.

The firm also offers a free trial for traders who want to experience the process before committing.