FTMO has become a well-known name in the proprietary trading world. You’ll get the chance to manage significant capital and can even keep a sizable share of the profits. They make you pass a tough evaluation process first.
The FTMO prop firm recently stopped onboarding U.S. clients. Many seek other brokers to fill the void the freeze on U.S. accounts leaves. If you enjoy proprietary trading, our list of other platforms can help you jump back into prop transactions.
Quick Look: Best FTMO Alternatives
- Best for Flexible Funding Options: FXIFY
- Best for Multi-Asset Trading: The Trading Pit
- Best for Low-Risk Trading: The 5%ers
- Best for Global Reach: FundedNext
- Best for Innovative Challenges: Traders With Edge
- Best for U.K.-based Traders: FTUK
Best FTMO Alternatives
Here’s a look at the best prop trading firms and FTMO alternatives.
Best for Flexible Funding Options: FXIFY
The prop firm FXIFY stands out for its flexible funding options. You can experience proprietary trading without spending a ton of cash. The platform’s introductory subscription starts at just $99. FXIFY represents one of the top-funded trading platforms.
Why We Picked It: We chose FXIFY for its unique combination of funding options and straightforward evaluation process. You can choose from various account sizes and select a subscription price that best fits your trading goals. A top-tier subscription allows you to manage hundreds of thousands in capital.
FXIFY also has a more personalized evaluation structure. FTMO has a much more rigid framework. FXIFY makes it easy to find a funding path that aligns with your needs and budgetary constraints.
Best for Multi-Asset Trading: The Trading Pit
- Best For:Prop Traders Looking for a Multi-Asset PlatformVIEW PROS & CONS:securely through The Trading Pit's website
The Trading Pit lets you deal in all sorts of assets. You’ll be able to trade stocks and commodities. The platform also features crypto and forex. Talk about having plenty of options!
Why We Picked It: We chose The Trading Pit for its versatility and wide selection of asset classes. The Trading Pit will allow you to explore different markets and assets. You’ll have a chance to diversify your trading experience and learn new skills.
FTMO primarily focuses on forex. The Trading Pit opens the door to stocks and more. You’ll also benefit from the platform’s competitive fee structure and advanced trading tools. Experiment with different strategies and commodities to identify your trading niche.
Best for Low-Risk Trading: The 5%ers
- Best For:Experienced and beginner forex, indices and metal tradersVIEW PROS & CONS:securely through The5ers's website
The 5%ers prop firm was built with risk-averse traders in mind. It offers low-risk trading programs that are ideal for those with a more conservative approach to various markets. You can get started for as little as $39.
Why We Picked It: The 5%ers differentiate themselves from FTMO by focusing on low-cost trading environments. You can engage in high-risk/high-reward transactions or opt for a slow and steady approach to growth. You can pick your path when engaging in trades.
The firm also provides a supportive trading environment with a strong emphasis on long-term development. You can learn new skills and use the platform’s educational resources to become more well-rounded.
Best for Global Reach: FundedNext
FundedNext has become one of the biggest prop firms. They offer trading opportunities to users around the world. You can connect with a diverse community of traders, making the experience fun and exciting. You may even learn new skills from your network of peers.
Why We Picked It: FundedNext stands out for its inclusive approach to trading. FTMO primarily focuses on European markets. FundedNext actively seeks to engage traders from various regions and offers localized support and resources. It’s a good choice for traders looking for a prop firm that understands the nuances of different markets.
FundedNext also offers a free trial. You can demo the platform to see if it fits your trading goals. The paid plans start at just $32. They offer a variety of other plan tiers, each providing different splits and account sizes.
Best for Innovative Challenges: Traders With Edge
- Best For:Prop or Retail TradersVIEW PROS & CONS:securely through Traders With Edge's website
Traders With Edge has innovative challenges designed to test and enhance your skills. Traders With Edge can be a good choice if you are looking for something a little different and want to test your talents.
Why We Picked It: Traders With Edge offers a refreshing take on the traditional prop trading model. You can customize the challenges based on your long-term goals and experience level. Higher subscription tiers have access to more customization options when creating challenges.
The unique challenge model can take some time to get used to. You might want to start with a lower subscription tier before upgrading to a large account size. Keep in mind that your splits will be lower on the cheaper plans.
Best for U.K.-based Traders: FTUK
FTUK specifically serves traders based in the United Kingdom. The firm offers competitive funding options and trading programs designed to meet the needs of U.K. traders.
Why We Picked It: The firm offers a localized approach to prop trading. You’ll benefit from programs aligned with United Kingdom market conditions and regulations.
FTUK’s focus on the U.K. market makes it a great choice if you live in England. They will provide stellar support and market-specific tools to help you execute trades.
FTMO Overview
FTMO has gained a reputation as one of the leading proprietary trading firms in the industry. It offers a chance to manage substantial capital by passing a two-step evaluation process.
During your FTMO trading evaluation process, the platform will assess your ability to navigate drawdowns and make wise transaction decisions. Winners can access an FTMO account and receive up to 90% of profits from their trades.
FTMO offers several different account types, including aggressive and standard options. Choose an account that aligns with your risk tolerance.
Be prepared to pay some hefty fees to use FTMO. You’ll also lose your subscription money if you fail their challenges.
What’s the Right Prop Trading Firm For You?
It’s essential to weigh your options before choosing a prop trading platform. Our list of FTMO alternatives can help you identify a solution that aligns with your skill level, budgetary constraints and long-term goals.
Don’t just jump at the first option you come across. Weigh the pros and cons of each platform so you can choose the best one for your trading needs.
Frequently Asked Questions
Is FTMO banned in the U.S.?
FTMO has not been banned in the United States, but the company stopped onboarding U.S. clients due to MetaQuotes’ crackdown on CFD usage.
How many FTMO traders fail?
The majority of traders do not pass the FTMO evaluation process. The company has designed the challenges to test traders’ skill levels and identify the most talented individuals.
Why is FTMO so hard to pass?
Individuals who pass the evaluation process can access a real FTMO-funded account. The company wants to thoroughly vet traders before giving them access to real funds or onboarding them to the FTMO profit splits program.
About Sarah Edwards
Sarah Edwards is a finance writer passionate about helping people learn more about what’s needed to achieve their financial goals. She has nearly a decade of writing experience focused on budgeting, investment strategies, retirement and industry trends. Her work has been published on NerdWallet and FinImpact.