FTMO is a prop-trading evaluation firm founded in 2015 and operated by FTMO s.r.o. in Prague, Czech Republic. It is the longest-established firm in this comparison and, after acquiring the regulated broker OANDA in 2024, is the rare prop firm able to offer MT5 to US traders. None of that makes the funded-account product itself a licensed financial product. We have not completed a hands-on evaluation, so we publish no profit split, challenge fee, payout figures or rating — only what we can verify against primary sources (reviewed June 2026).
Who runs FTMO, and is it regulated?
FTMO is operated by FTMO s.r.o., a company registered in the Czech Republic (its VAT identifier, CZ699005540, is publicly checkable in the Czech commercial register). That is the single most important verifiable fact about the firm — and it is exactly the fact most affiliate pages skip. A registered operating company is the floor for trust, not proof of safety: the funded-account challenge it sells is not a licensed or regulated financial product, and no European regulator authorises the evaluation model as a category.
FTMO acquired OANDA, a broker that IS regulated in multiple jurisdictions, in 2024. This matters in two narrow ways: it gives FTMO a regulated execution venue, and it is why FTMO can still offer MetaTrader 5 to US clients after MetaQuotes withdrew MT4/MT5 access from most prop firms in 2024. But owning a regulated broker does not extend that regulation to the challenge product. Treat the evaluation as a fee-paid assessment, not an investment protected by any compensation scheme.
Counterparty and continuity risk
Roughly 80 to 100 prop firms ceased operations between early 2024 and late 2025, most after losing their MetaQuotes platform licence. FTMO's ten-year track record and its ownership of a regulated broker make it one of the more durable firms in that shakeout. Durability lowers counterparty risk; it does not remove it. An evaluation fee is at risk, and any future payout depends on the firm staying solvent and honouring its own terms.
Because FTMO controls a regulated broker, its platform-continuity risk is lower than firms that rent access from a third-party technology provider. That is a structural advantage worth weighing — but it is not a guarantee, and it should never substitute for reading FTMO's current rules in full.
Payout mechanics: what to read before you pay
We do not publish FTMO's profit split, challenge fees, account sizes or payout frequency, because these vary by plan and change over time. What matters more than the headline split is the set of rules that can void a payout: the consistency rule, the maximum-drawdown definition (static vs trailing), prohibited-strategy clauses, and the minimum trading-day and payout-timing requirements. Read all of these on FTMO's own site, not on a coupon page.
Whatever the headline figures, the only money you should commit is a fee you can afford to lose. The evaluation is not an investment, the product is unregulated, and most retail traders lose money trading leveraged products.
Who FTMO suits — and who it does not
FTMO suits a trader who values track record and platform continuity over the cheapest possible challenge, and a US trader who specifically needs MT5 access (which FTMO can offer via OANDA where most CFD firms cannot). It suits less well a trader chasing the lowest entry fee, or anyone treating the fee as a low-risk way to access capital — it is neither low-risk nor an investment.
Pros & cons
Pros
- Longest track record in this comparison (founded 2015); relatively durable through the 2024-2025 shakeout.
- Operated by a verifiable Czech entity (FTMO s.r.o., VAT CZ699005540) and owns the regulated broker OANDA.
- One of the few firms still able to offer MT5 to US traders, via the OANDA acquisition.
Cons
- The funded-account product is not a licensed financial product; an evaluation fee is at risk and there is no compensation scheme.
- We have not completed a hands-on evaluation, so we publish no profit split, fees, payout figures or rating yet.
- Owning a regulated broker does not make the challenge regulated — a distinction marketing can blur.
Frequently asked questions
Is FTMO a regulated company?
FTMO is operated by FTMO s.r.o., a registered Czech entity (VAT CZ699005540), and it owns OANDA, a regulated broker (acquired 2024). However, the funded-account / challenge product itself is not a separately licensed or regulated financial product. Verify the entity in the Czech commercial register and read the firm's own terms before paying any fee.
Can US traders use FTMO?
FTMO is one of the few firms still able to offer MetaTrader 5 to US clients, because it owns the regulated broker OANDA — most CFD prop firms lost US MT4/MT5 access when MetaQuotes withdrew it in 2024. Confirm current US eligibility and the full rules on FTMO's own site before signing up.
What is FTMO's profit split and challenge fee?
These vary by plan and change over time, so we do not republish them — check FTMO's own pricing page for current figures and read the full terms, including the consistency rule, drawdown definition and other conditions that can void a payout.