Otakar Šuffner

Otakar Šuffner is the co-founder and CEO of the FTMO prop-trading platform. He graduated from the University of Economics in Prague with a degree in banking and insurance.In 2020, the Czech brand Získejúčet was abolished and unified under one brand, FTMO, consolidating its position as a global brand in the modern prop trading industry.90%

The FTMO challenge has a reputation for being extremely difficult to pass. Across FTMO's various account levels, it is estimated that only around 10% of traders are able to successfully complete the evaluation and become a funded trader. This means approximately 90% of those who attempt the challenge end up failing.

Can FTMO be trusted : Having successfully operated since 2015, we provided thousands of clients with their FTMO Accounts, and in total, we have paid out over $160 million. We've also been featured in Forbes and awarded by Deloitte and EY multiple times.

How many FTMO traders fail

According to FTMO statistics, only about 10% of traders are able to pass the funded account challenge at any account level. This means approximately 90% of aspiring funded traders fail the evaluation and are unable to gain access to the firm's capital.

Why is FTMO so expensive : The fee covers the costs related to the FTMO Challenge provided by FTMO such as the designing, development, and operation of the FTMO platform (the technical infrastructure behind the provided educational services and applications).

FTMO is one of the most reliable firms in modern prop trading industry. Here's why. FTMO Solution with a wide choice of assets across the board, with very low commissions and spreads.

There is estimated to be a 90% fail rate of traders that take the FTMO challenge. The reason behind this is due to traders chasing the profit target with a time restriction in place.

Is FTMO fake

Conclusion. After a thorough analysis, it is safe to say that FTMO accounts are real and not fake. The company has a legitimate background, transparent terms and conditions, and numerous positive reviews from traders who have successfully used these accounts.One of the main reasons why FTMO is a good prop firm is their investment options. They offer traders the opportunity to trade with their own capital, as well as access to additional capital from FTMO.