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.

You can trade your FTMO Challenge, Verification, and FTMO Account on some of the most popular retail platforms – MetaTrader 4, MetaTrader 5, DXtrade, or cTrader.

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.

FTMO provides the necessary support to optimise your trading experience and help you navigate through the dynamic landscape of financial markets. Our free trading tools, available in FTMO Client Area, are also a part of the FTMO App for iOS and Android.

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.

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.

To change the trading platform, head to your Account MetriX and click the “Modify” button in the upper section of your MetriX. Change of platform is not possible for Free Trials and during the progress of your trading.

Comparison of FTMO Alternatives

Rise, Crypto, Bank, Wise, etc. In summary, these alternatives are all great, but they all have their cons (and pros).

If the account won't record a trade in 30 days, it will be deactivated due to inactivity.

What is the fail rate for FTMO? ›

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.

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.

Also known as “prop trading,” it offers higher earnings potential much earlier in your career than jobs like investment banking or private equity. It's arguably the most merit-based industry within finance: if you make millions of dollars for your firm, you'll earn some percentage of it.

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?