FTMO-1196615189320

Aspect	Information
Company Name	FTMO
Registered Country/Area	Czech Republic
Founded Year	2-5 Years
Regulatory Authority	Unragulated
Number of Cryptocurrencies Available	60
Fees	Taker Fee: 0.10% Maker Rebate: -0.03% Monthly Maintenance Fee: $25
Payment Methods	Bank Transfer, Nuvei, Checkout.com, Skrill, Confirmo, Mastercard, Maestro, Discover, Google Pay
Customer Support	Email, live chat, phone

Overview of FTMO

FTMO, founded in the Czech Republic 2-5 years ago, is an unregulated cryptocurrency trading platform offering access to 60 cryptocurrencies, including Bitcoin, Ethereum, Tether, Binance Coin, Cardano, Solana, XRP, Dogecoin, Polkadot, and Avalanche, with prices spanning from $0.07 to $20,000. Despite a lack of regulatory oversight, traders can trade on the platform with a daily trading volume of approximately $60 billion for Bitcoin alone. However, FTMO lacks transparency regarding its security measures, raising concerns. The registration process involves six steps, from filling out personal details to accepting terms and conditions. Trading fees consist of a taker fee of 0.10%, with a maker rebate of -0.03%, and a monthly maintenance fee of $25. Deposits take 2-5 business days, with varying fees, while instant withdrawals are generally free, except for a 3% fee on certain options. Users should exercise caution due to the platform's lack of regulation and security transparency.

Pros and cons

Pros	Cons
Offers 60 cryptocurrencies	Limited cryptocurrencies compared to other brokers
Taker fee: 0.10%, Maker rebate: -0.03%	Higher fees than some competitors
Various deposit and withdrawal methods	Fees associated with deposits and withdrawals
Profit-sharing program up to 90% earnings	Access via FTMO challenge only
Supports diverse payment options	No fiat currency trading; only cryptocurrencies

FTMO presents distinct advantages and drawbacks. It provides a selection of 60 cryptocurrencies, albeit less extensive than certain competitors. The fee structure involves a 0.10% taker fee and a -0.03% maker rebate, which can be relatively higher than some peers. Diverse deposit and withdrawal methods are available, but users should be aware of associated fees. The profit-sharing program, enabling up to 90% earnings, is accessible through the FTMO challenge. While FTMO supports varied payment options, it exclusively facilitates cryptocurrency trading without fiat currency options.

Regulatory Authority

FTMO is not regulated by any valid regulatory authority. Traders and users should exercise caution and be aware of the potential risks associated with trading on an unregulated platform.

Security

FTMO does not provide specific information about its security measures and protection measures for user funds and personal information. The lack of transparency regarding security practices raises concerns about the platform's security. Traders should exercise caution and conduct thorough research before using the exchange.

Cryptocurrencies Available

FTMO offers trading in 60 cryptocurrencies, including

• Bitcoin (BTC)

• Ethereum (ETH)

• Tether (USDT)

• Binance Coin (BNB)

• Cardano (ADA)

• Solana (SOL)

• XRP (XRP)

• Dogecoin (DOGE)

• Polkadot (DOT)

• Avalanche (AVAX)

The prices span from $0.07 to $20,000. Notably, Bitcoin, the flagship cryptocurrency, boasts a daily trading volume of approximately $60 billion and a market capitalization of around $390 billion.

How to open an account？

The registration process of FTMO can be completed in six simple steps:

1. Visit the FTMO website and click on the “Register” button to begin the registration process.

2. Fill out the registration form with your personal details, including your name, email address, and password.

3. Verify your email address by clicking on the activation link sent to your registered email.

4. Provide additional information, such as your address and contact details, to complete your profile.



5. Accept the terms and conditions of FTMO and agree to the privacy policy.

6. Once your registration is complete, you can log in to your FTMO account and start trading cryptocurrencies.



Fees

FTMO levies a taker fee of 0.10% and offers a maker rebate of -0.03% for cryptocurrency transactions. Additionally, a monthly maintenance fee of $25 is applicable.

Volume (USD)	Taker Fee	Maker Fee
Up to 100,000	0.10%	-0.03%
100,000 - 500,000	0.08%	-0.02%
500,000 - 1,000,000	0.06%	-0.01%
Above 1,000,000	0.04%	0

Payment Methods

Deposits typically take 2-5 business days and come with various fees. Instant deposits are free, except for one option which incurs a 3% fee. Withdrawals are generally free for instant transactions, but a 3% fee applies to one option that takes up to 24 hours for processing.

Payment Method	Buy	Sell	Add Cash	Cash Out	Speed	Fee
Bank Transfer	No	No	Yes	Yes	2-5 business days	Varies
Nuvei	Yes	Yes	Yes	Yes	Instant	Free
Checkout.com	Yes	Yes	Yes	Yes	Instant	Free
Skrill	Yes	Yes	Yes	Yes	Instant	3%
Confirmo	Yes	Yes	Yes	Yes	Up to 24 hours	3%
Mastercard	Yes	Yes	Yes	Yes	Instant	Varies
Maestro	Yes	Yes	Yes	Yes	Instant	Varies
Discover	Yes	Yes	Yes	Yes	Instant	Varies
Google Pay	Yes	Yes	Yes	Yes	Instant	Varies



Customer Support

FTMO's customer support can be reached through various channels, including email (support@ftmo.com), phone (+44 20 3322 2983), and WhatsApp. They are available 24/7 for emails, live chat, and WhatsApp inquiries, and from 9 am to 5 pm CE(S)T, Monday to Friday, for phone calls. The support team is proficient in 16 languages, offering assistance in English, German, Spanish, Portuguese, French, Italian, Czech, Japanese, Filipino, Vietnamese, Serbian, Ukrainian, Turkish, Russian, Polish, and Arabic. The company's office is located at Quadrio offices, Purkynova 2121/3, 110 00 Prague, Czech Republic.



Compare to Other similar Brokers

FTMO stands out by offering trading in 60 cryptocurrencies with up to 100x leverage, along with a taker fee of 0.10% and maker fee of -0.03%. In comparison, eToro offers a wider selection of 500+ cryptocurrencies but with lower leverage of up to 1:30, while Binance and KuCoin offer similar leverage (up to 1:20) with maker and taker fees of 0.1%. FTMO requires an account minimum of $250, eToro stands at $10, while Binance and KuCoin have $0 and $200 respectively. Notably, none of these platforms currently offer promotions.

Feature	FTMO	eToro	Binance	KuCoin
Cryptocurrencies	60	500+	500+	580+
Amounts	Up to 100x leverage	Up to 1:30 leverage	Up to 1:20 leverage	Up to 1:20 leverage
Fees	Taker fee: 0.10%, Maker fee: -0.03%	Maker fee: -0.75%, Taker fee: -1.90%	Maker fee: 0.1%, Taker fee: 0.1%	Maker fee: 0.1%, Taker fee: 0.1%
Account minimum	$250	$10	$0	$200
Promotions	None	None	None	None

Is FTMO a Good Exchange for You？

When considering the trading groups that would find FTMO suitable, several factors come into play.

Firstly, FTMO's diverse range of over 20 cryptocurrencies available for trading makes it an attractive option for experienced traders who want to explore different investment opportunities and potentially diversify their portfolios. These traders are likely to have a good understanding of the cryptocurrency market and are looking for a platform that offers a wide selection of cryptocurrencies.

Additionally, FTMO's flexible payment methods, including bank transfer, credit card, and PayPal, make it convenient for traders who prefer various payment options to deposit and withdraw funds.

Conclusion

In conclusion, it's important to note several aspects. On the upside, the platform offers trading access to a diverse range of 60 cryptocurrencies, potentially appealing to a wide range of traders. Additionally, FTMO's registration process is straightforward, and users can begin trading relatively quickly. However, there are notable drawbacks. The lack of regulation by a recognized authority raises concerns about user protection and oversight. Furthermore, the limited information provided about security measures and protection of funds and data creates uncertainty. Potential users should be cautious and conduct thorough research to make informed decisions, keeping in mind the potential risks associated with an unregulated trading environment.

FAQs

Q: What cryptocurrencies are available for trading on FTMO？

A: FTMO offers a diverse range of over 60 cryptocurrencies, including popular ones like Bitcoin, Ethereum, Ripple, and Litecoin.

Q: What payment methods does FTMO support？

A: FTMO supports various payment methods, including bank transfer, credit card, and PayPal, making it convenient for traders to deposit and withdraw funds.

Q: Are there any fixed fees for trading on FTMO？

A: No, the fees charged by FTMO vary based on trading activity, which may make it difficult for traders to accurately predict their trading costs.

Q: What customer support options are available on FTMO？

A: FTMO offers customer support through email, live chat, and phone. However, the range of customer support options is limited.

Q: Are there any educational resources or trading tools provided by FTMO？

A: The given information does not provide specific details about the educational resources or trading tools offered by FTMO. Traders should consult FTMO's official website or contact their customer support for more information.

User Review

User 1: I've been using FTMO for a few months now, and overall, I'm quite satisfied with their platform. The security measures they have in place give me peace of mind knowing that my funds and personal information are protected. The fact that they are regulated by the Financial Conduct Authority also adds an extra layer of trustworthiness. The interface is user-friendly and easy to navigate, making it convenient for me to trade. One thing I appreciate is the wide range of cryptocurrencies available for trading, which allows me to diversify my portfolio. However, I have found the customer support to be a bit slow in responding to my queries. Also, the trading fees can vary and sometimes be a bit high, so that's something to consider. Overall, FTMO is a reliable exchange, but there are a few areas they could improve upon.

User 2: I recently started using FTMO for crypto trading, and I have mixed feelings about it. On one hand, I appreciate the regulatory oversight they have from the Financial Conduct Authority, which gives me confidence in the platform's legitimacy. The interface is clean and intuitive, making it easy for me to execute trades. Liquidity is decent, and I haven't faced any major issues with order execution. However, I was disappointed with the limited selection of cryptocurrencies available for trading. They do have popular ones like Bitcoin and Ethereum, but if you're looking for some of the lesser-known altcoins, you might be out of luck. Another area that could use improvement is their customer support. Responses can be slow and sometimes not very helpful. I also noticed that the trading fees can be quite high, especially for frequent traders. Overall, FTMO has its pros and cons, and I would recommend considering other options if you're looking for a wider range of cryptocurrencies or more responsive customer support.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.