Best FTMO Competitors

Jeremy Biberdorf Image
Updated
Nov 03, 2024
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Quick Breakdown

Best FTMO Competitors


  • Suitable for traders seeking a high profit split with diverse trading instruments.

  • Ideal for futures traders who value comprehensive education and training.

  • Great for traders looking for a straightforward, flexible trading environment.
In the evolving landscape of proprietary trading, platforms like FTMO have emerged as game-changers, offering traders a chance to trade with significant capital. However, in the vast and diverse world of prop trading, different traders have varying needs and objectives.

This article dives into the essence of FTMO, analyzing its advantages and limitations. It also explores some notable alternatives – Fidelcrest, Earn2Trade, and SurgeTrader – each offering unique features and opportunities for traders. Understanding these platforms can guide traders to make informed choices that align with their trading style and goals.

What is FTMO?

FTMO has carved a niche in the proprietary trading firm sector, offering traders up to $400,000 in funding. Renowned for its challenge-based model, FTMO allows traders to demonstrate their skills without an initial investment, providing them with a real trading environment and simulated trading options.

Its diverse strategies, including scalping and day trading, offer traders the flexibility to execute their preferred methods. The platform is particularly appealing for its lucrative 90% profit split and trader-centric approach, focusing on developing a supportive community and providing educational content.

The Prague-based company, established in 2015, has rapidly gained popularity among traders globally. FTMO's commitment to nurturing trading talent and its integration of modern tools and technology make it a prominent player in the prop trading arena. Check out my FTMO review for more info.

FTMO Pros & Cons

Pros

● Generous funding up to $400,000.

● Attractive 90% profit split in favor of the trader.

● No initial investment required for participation.

● Flexibility in trading strategies, including scalping and day trading.

● Supportive community with regular webinars and educational content.

Cons

● Challenge-based model might be daunting for some traders.

● Not suitable for investors looking for long-term trading opportunities.

● Limited to certain trading instruments and markets.

● The pressure of meeting challenge criteria can be high.

● Geographical restrictions might apply for certain traders.

Why Seek Alternatives to FTMO?

While FTMO offers remarkable opportunities for skilled traders, it might not align with every trader's needs or trading style. Some may seek platforms with different funding models, less stringent challenge requirements, or a focus on other trading instruments like equities or cryptocurrencies.

Alternatives to FTMO might provide more tailored solutions for traders with different risk appetites, trading strategies, or those looking for educational components alongside trading opportunities. Exploring these alternatives can broaden the horizon for traders, allowing them to find a platform that resonates more closely with their personal trading philosophy and goals.

For a more thorough exploration of alternatives, check out my list of the best funded forex trading accounts

Top Three FTMO Competitors

Fidelcrest

4.3 stars
Fees Forex, Stocks
Best For 2-step challenge
Benefits
Overview
Company
  • Substantial funding options up to $400,000.
  • Generous 90% profit split favoring traders.
  • Access to a wide array of trading instruments.
  • Straightforward fee structure with no hidden costs.
  • Technologically advanced trading platform.
  • Opportunities for continuous account growth.
  • Comprehensive educational resources for traders.
  • Transparent and trader-focused policies.
  • Promo: Save 15% with Coupon Code MM-15
Fidelcrest, known for its significant funding capacity and high profit split, offers a transparent and versatile platform for ambitious traders. Its diverse range of trading instruments and advanced technology cater to both novice and experienced traders. The platform’s focus on transparency and trader development, combined with educational resources, positions Fidelcrest as a comprehensive solution for those looking to scale their trading careers.
Established with the mission to redefine prop trading standards, Fidelcrest has developed a global presence, supporting traders in achieving their full potential. Their commitment to nurturing talent and providing ample resources is a testament to their dedication to the trading community.

Earn2Trade

4.4 stars
Fees Futures, Forex
Best For Futures traders
Benefits
Overview
Company
  • Detailed "Beginner Crash Course" for foundational trading knowledge.
  • Structured progression with the Gauntlet Mini and Trader Career Path.
  • Access to renowned trading platforms like NinjaTrader.
  • Seamless transition to funded trading after program completion.
  • Strong community and customer support, including webinars and forums.
  • No monthly fees for funded traders, ensuring cost-efficiency.
  • Emphasis on practical trading education and simulations.
  • Dedicated to futures trading, providing specialized insights and tools.
  • Promo: Use coupon code modestmoney for 20% off!
Earn2Trade stands out as a futures trading-focused educational platform, offering in-depth training and simulations through structured programs. It caters to traders who prioritize learning and skill development, providing a clear pathway to professional trading. The platform's emphasis on futures trading education and its connections with proprietary firms make it a valuable resource for aspiring futures traders.
Founded with a commitment to trading education, Earn2Trade has become synonymous with quality futures trading training. The platform, established by experienced traders, has evolved to offer a unique blend of educational content and real-world trading simulations, bridging the gap between learning and professional trading.

SurgeTrader

4.4 stars
Tradable Assets Futures, Forex, Options, & more
Best For Flexible strategies
Benefits
Overview
Company
  • Transparent trading conditions with simple rules.
  • Compatibility with various trading strategies.
  • Potential for up to 90% profit share.
  • Freedom from mandatory trading days.
  • Extensive range of trading instruments.
  • Straightforward and flexible funding options.
  • Emphasis on trader empowerment and autonomy.
  • User-friendly platform suitable for traders at all levels.
  • Promo: Save 10% with our exclusive coupon code: modestmoney
SurgeTrader, emerging as a flexible and trader-centric platform, offers straightforward and adaptable trading conditions. It’s designed for traders seeking a high degree of freedom in their trading approach, with a diverse range of instruments and a significant profit share potential. SurgeTrader’s emphasis on simplicity and flexibility makes it an attractive option for traders at various stages of their careers.
Founded in 2021, SurgeTrader was born from the vision of seasoned traders and finance professionals. Their aim was to simplify the path to trader funding, offering a platform that focuses on trader needs and preferences. With rapid growth and a strong focus on trader support, SurgeTrader has quickly established itself as a notable player in the prop trading industry.

Final Thoughts

FTMO presents a compelling option for traders seeking a high profit split and a supportive community. Click here to explore FTMO further.

However, alternatives like Fidelcrest, Earn2Trade, and SurgeTrader offer unique benefits, catering to different trader needs. Fidelcrest is ideal for those seeking diverse trading options and a high profit share, Earn2Trade suits traders who prioritize futures trading education, and SurgeTrader appeals to those desiring a straightforward and flexible trading environment.

The choice ultimately depends on individual trading objectives, risk tolerance, and the desired level of support and education. Each platform offers distinct advantages, enabling traders to select the one that best aligns with their trading journey and goals.

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Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He’s a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.