Prop Firm FTMO Restores MetaTrader Mobile, but Not for All (2024)

FAQs

Prop Firm FTMO Restores MetaTrader Mobile, but Not for All? ›

Prop Trading Firm FTMO Restores MetaTrader Mobile Functionality, but Not for All. MetaTrader servers for FTMO are back after unexpected downtime. However, the prop firm's clients from the USA can no longer use MT4 and MT5.

Many traders use our FTMO account type that doesn't allow trading during restricted macroeconomic news. Following the need, we have developed a custom indicator for the MetaTrader platform to make it easier for you, showing these events directly in the chart.

A widespread crackdown is impacting how prop trading firms operate inside and outside the U.S. Prop trading firms have been shutting down or suspending their services, particularly to U.S.-based clients, because of a crackdown from MetaQuotes, the company behind the popular MetaTrader trading platforms.

The article from Lux Trading Firm provides slightly different results. According to it, 4% of traders, on average, pass prop firm challenges. But only 1% of traders kept their funded accounts for a reasonable amount of time.

FunderPro: FunderPro is the most popular alternative to FTMO. It has a similar two-step challenge process, but the requirements are slightly more lenient. For example, the FunderPro Challenge requires a 10% profit target in 30 days, while the FTMO Challenge requires a 12% profit target.

Restart your platform.

If you are certain that you are using the correct logins, restart the platform— close it > wait for 10 seconds > open it again. If you are using an anti-virus, firewall, VPN, or any other security program, make sure that MT4 and/or MT5 are on the list of “allowed programs“.

In the case of the United States of America, FTMO does not accept clients in Louisiana, South Carolina, Montana, Arkansas, and Delaware.

The industry's challenges stem from tightened restrictions by MetaQuotes, affecting Prop trading firms' access to MetaTrader platforms. This development has prompted a reassessment of the trading technology infrastructure and partnerships that underpin their operations.

There is estimated to be a 90% fail rate of traders that take the FTMO challenge. The reason behind this is due to traders chasing the profit target with a time restriction in place. A trader doesnt know when a winning streak might occur, or when they may take a string of drawdowns.

How much does the average prop firm trader make? ›

Prop Firm Trader Salary

The salary of a prop trader can vary greatly depending on several factors such as experience, performance, and the size of the firm. On average, a junior prop trader can expect to earn anywhere between $50,000 to $100,000 per year, while a senior trader can make upwards of $500,000 annually.

According to FTMO statistics, only about 10% of traders are able to pass the funded account challenge at any account level. This means approximately 90% of aspiring funded traders fail the evaluation and are unable to gain access to the firm's capital.

Having successfully operated since 2015, we provided thousands of clients with their FTMO Accounts, and in total, we have paid out over $160 million. We've also been featured in Forbes and awarded by Deloitte and EY multiple times.

Trading. Over the year, we have created more than 960,000 trading accounts through our platform for you. This total includes all FTMO Challenges, Verifications, FTMO Accounts, and Free Trials. More than 90,000,000 trades were executed on all accounts in 2021, indicating a reasonably active approach to trading.

If you have already used MetaTrader 5 with a different server, you need to search for the FTMO server in the Navigator window. You can open it by clicking on the View in the main menu or by pressing CTRL+N (Command+N on Mac).

FTMO MetaTrader 5

What's incredible about this platform is the ability to display the depth of the market, which can be crucial for particular trading strategies, 6 types of pending orders, and a multi-threading tester.

Funded Trader uses the Metatrader 4/5 platform, which is the most common choice for Traders and Brokers worldwide.

The best overall MetaTrader 4 alternative is thinkorswim. Other similar apps like MetaTrader 4 are eToro, E*Trade Web Platform, Binance Broker, and Active Trader Pro. MetaTrader 4 alternatives can be found in Brokerage Trading Platforms but may also be in Financial Analytics Software. Have you used MetaTrader 4 before?