FTMO mobile app: main features and functionality
Are you looking to maximize your trading experience? The FTMO mobile app provides users around the world with a simple and convenient way to trade in forex markets. In this article, we will introduce you to the FTMO mobile app and how it can be downloaded and set up quickly.
We will explore its main features as well as additional features, advantages, and disadvantages; followed by some important FAQs about the app itself. By the end of this article, you should have a good understanding of the benefits of the FTMO app as seen from our expert perspective.
FTMO App Checklist
| FTMO | SurgeTrader | Kinglab | |
|---|---|---|---|
| Mobile App Rating | 7 | 8 | 7.5 |
| User friendliness | Yes | Yes | Yes |
| Updates | Yes | Yes | Yes |
| Biometric and two-factor authentication |
No | No | No |
How to Download and Set Up FTMO App
The first step to setting up the FTMO App is downloading it. The application can be found in both the Apple App Store and Google Play Store, depending on your device type. To download the app, simply search for ‘FTMO’ in either store and tap ‘Install’ or ‘Get’ to begin downloading the app onto your phone or tablet. After this is completed, you will have access to all of its features and capabilities.
Once installed, you must sign up with an email address that can be used as a unique identifier within the system. Once done, you'll then be prompted to create your own personal password and select your preferred language before you can log into your account and start trading with FTMO. Furthermore, you also must agree to the terms and conditions before proceeding further with using the app.
Prop Trading Accounts ComparedMain Features of FTMO App
The FTMO Mobile App is an incredibly powerful tool for traders of all levels. The app provides users with a comprehensive suite of features to help them trade more effectively and stay on top of the markets.
Trading Academy: Trading Academy is an essential feature of the FTMO mobile app which helps traders discover their trading talents and develop their skills. Through this platform, users can access beginner videos to get them up-to-speed with financial markets quickly, as well as comprehensive tutorials on various strategies and techniques.
Account MetriX: Account MetriX is an essential feature of the FTMO mobile app which helps traders track and analyze their performance. Through this platform, users can easily access a wide range of metrics to gain insight into their trading behavior over time.
Trading Journal: Trading Journal is an essential feature of the FTMO mobile app which helps traders document and analyze their trades. Through this platform, users can easily access detailed reports on all their trades
Equity Simulator: Equity Simulator is a powerful tool offered by the FTMO mobile app which allows traders to practice their strategies in a simulated environment. Through this platform, users can simulate trading with real-time market data without risking any capital; allowing them to gain experience and build confidence before entering live markets. Equity Simulator also provides access to advanced analytics such as backtesting of strategies and detailed performance metrics, giving investors the insight they need when making informed decisions about future trades.
Economic Calendar: The Economic Calendar is an essential tool for any trader looking to capitalize on market movements. This feature offered by the FTMO mobile app provides up-to-date information on key economic events, allowing investors to stay ahead of developments in the global economy. Furthermore, the calendar also offers detailed analysis of each event with forecasts from leading economists so that users can make more informed decisions when entering into trades. This ensures that traders are always aware of potential risks or opportunities prior to investing real capital.
Additional Features of FTMO App
The FTMO mobile app offers a variety of additional features to help traders maximize their results.
Free trial: The free trial period is an invaluable opportunity for people to get familiar with the app and understand their benefits without risking any money upfront.
Extras: FTMO’s partners offer a range of educational courses which can help users gain the knowledge and expertise required to make successful trades. Through these partnerships, customers are able to access special deals or discounts on selected training programs
Trading indicators: Trading indicators are powerful tools used by traders to make more informed decisions when entering into trades. These indicators allow investors to analyze the current state of a particular market or asset and identify potential entry points with greater accuracy
Expert advisors (EAs): Expert advisors are highly sophisticated pieces of software that allow traders to automate their trades and execute them with greater accuracy. This can be incredibly beneficial for anyone looking to take advantage of opportunities within financial markets, as these programs are able to predict future price movements with a high degree of accuracy
Main Advantages and Disadvantages of FTMO App
Advantages of the FTMO mobile app include:
Track your trading behavior. By keeping a detailed record of each and every transaction, traders are able to gain valuable insights into their own performance - allowing them to identify any weak points in their strategy which may need improvement.
Get help with risk and money management. FTMO’s integrated money management systems allow investors to set maximum levels of exposure per trade or even across a portfolio as a whole. By setting limits on total account value or position size, traders can ensure that they never risk more than they can afford to lose.
Optimize your trading strategy directly on your mobile phone. Through FTMO’s mobile app, users are now able to monitor and analyze real-time market data while also managing positions with ease. This eliminates the need for desktops or laptops – thus providing customers with unprecedented flexibility when it comes to optimizing trading performance on the go.
Test it out free. FTMO offers customers a free trial in order to ensure they have the opportunity to test out the features and decide whether it is right for them.
Below are disadvantages of the FTMO app:
You must go through a two-step evaluation process.
All FTMO traders remain on demo accounts
FAQ
Does FTMO have a mobile app?
Yes. They specifically designed the app to include all features of the Client Area while maintaining a user-friendly interface.
What is the mentor app FTMO?
Through the Mentor Application, traders can strengthen their discipline to achieve better results. It also monitors your Trading Objectives and has many useful features such as enforcing your own rules and risk-limits.
What platform does FTMO use?
MetaTrader 4. MetaTrader 4, MetaTrader 5, or cTrader are the most popular retail platforms on which you can trade your FTMO Challenge, Verification, and FTMO Account.
Is FTMO a monthly fee?
No. The company does not charge any additional or hidden fees. All fees for the FTMO Challenge are included, including the Verification. So, with FTMO, there are no recurring fees.
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Team that worked on the article
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.
He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.