My experience with FTMO funded account Why FTMO funded account trial is a dangerous trap for you. FTMO is a company based in the Czech Republic. They would promise to fund your trading account with any of their chosen brokers (mostly small brokers located in Cyprus), for up to 100 thousand dollars leverage, but only if you first pay them a certain amount of money in advance for a demo. They want you to understand that your payment is to test your seriousness for some time, if they are satisfied with your skills, then they can open a live account with real money for you, to be shared 70 to 30 percent between you and them, if you make some profit in the future. But certainly, there is a catch. Statistics suggest that 98 percent of the new traders would lose their capital, so your chance of losing whatever amount of money you are paying them upfront is 99 percent. 99 percent because you do not have ONLY the market to fight, but FTMO's strong rules too. Your psychology would be destroyed. First, what you are buying with money is a demo account which is obtainable everywhere, free. Yet, if you make a mistake you lose your money. FTMO would not allow not you to lose up to 5000 on any given day if you are experimenting with (say) 100 thousand Dollars. If you do, you will lose 610 Dollars which you must pay them before they would take you in on a demo account. Basically, with your dream to get to their 100 thousand dollars live trading equity, you are sold a demo account. But that is not all, you buy it with tough FTMO regulations, which would almost guarantee that you would fail. That live account, to 99 percent would not come. It all happens automatically. Trading is tough already, and when you buy yourself a different set of even tougher rules other than the market psychology, you are destined to fail. FTMO knows this very well. I am not a beginner, but I tried it without success. Looking back, I would rather open a live account with 610 Dollars. If it's easy, they would sit back and make all the money for themselves. Your deposit would not be necessary.