FTMO is a Czech company founded in 2015 and is one of the longest-running, most recognized firms in the prop trading space. It’s generally considered legitimate, not a scam.
That said, it has a documented pattern of complaints: traders report passing the challenge, receiving one or two payouts, then getting hit with a “non-genuine trading” flag and a permanent ban with no clear explanation. There are also reports of timezone discrepancies between FTMO’s stated trading day and the platform’s displayed time affecting day-count rules, and of stop-loss orders being cancelled outright during price gaps on cTrader.
Like almost all firms in this space, FTMO is not a regulated broker — there’s no external body to appeal to if a dispute arises.
Full review coming soon.