If you’re looking for a forex trading platform, FTMO may be the one for you. It has low test fees, an easy profit split, and good customer service. The only downfall is that it does not offer demo account access. If you’d like to test the service, you can register for a free trial and see how it works for yourself. The first thing that comes to mind when hearing about FTMO is its innovative model of fund-sharing. This trading platform lets you borrow other people’s capital in exchange for a share of their profits. You keep 90% of your profits and FTMO keeps the other 10%. The idea is quite amazing: you trade with someone else’s money with no risk.
It Offers A Good Profit Split
FTMO is a good choice for beginners and advanced traders alike. They offer a free trial, and a good profit split. They also provide trading indicators and expert advisors for MetaTrader 4, MetaTrader 5, and cTrader. FTMO has received more than 1,950 independent reviews on Trustpilot, and a 4.8 rating overall. Many traders who have used the software claim to be earning good amounts. Some have even completed $200k challenges and have massive portfolios.
FTMO has several account types. The professional account, for example, allows users to manage up to 400,000 USD, and enables them to use leverage of up to 1:100. These accounts have different levels of risk and capital, and the user can choose the currency they want to trade with FTMO review.
Funded Trading Accounts
Funded trading accounts are a great way to get started as a trader. These accounts will allow you to trade with other people’s money and share your profits. In addition, these accounts will give you more flexibility when it comes to leverage and profit split ratio. Leverage is one of the most important factors to consider when choosing a funded trading account.
One of the most important aspects of a funded trading account is the profit split ratio. A higher profit split ratio means higher profits for the trader. Profits can also compound over time. The larger the funded trading account, the more profit potential it will provide, as well as the greater purchasing power it will offer. Prop firms usually allocate funds to traders that have proven themselves to be profitable in the past.
Once the trader has received the funds, he or she will funded trading account using the funds that the prop firm has provided. As a result, the trading account will begin to accumulate profits, which will be split with the trader and the prop firm. While profit split ratios can vary, typically they are around 50/50. Profit split ratio is one of the most important factors in a funded trading account, as it will determine the proportion of profits that a trader receives compared to the money that the prop firm puts into the account. A funded trader account offers numerous benefits, including access to advanced trading software, a risk-free environment, and a way to compete with the best. The experience can also be extremely beneficial in terms of knowledge, as you will be surrounded by other advanced traders who are willing to help you improve your trading skills and knowledge.
APPT is a better measure of trading skill because it takes into account statistical probability. While many trading books focus on balancing profit/loss ratios and accuracy, APPT is a more effective way to judge your trading performance. Leverage is the percentage of available margin that a trader can use. A trader should only use leverage when the advantage is clear. By understanding the risks involved with leverage, it is possible to determine if it is suitable for your needs. Typically, you should not use more than 3% of your trading capital on margin. However, you can always deviate from this rule.