§ 1Disclaimer & legal basis
This document is an unsolicited, indicative public-information assessment. It is not an audit, a regulatory determination, a credit rating, an investment recommendation, or a verified TIB engagement-based Report.
1.1 What this report is
This report is a Public-Information Assessment (PI) issued under TIB-FRM-1.1 § 27 and TIB-MTH-1.0 § 20. It applies the published TIB-IS v1.0 universal Standards and the TIB-FRM-PF-1.0 Prop Firm Module to publicly available materials about the named firm. The PI determination scale (PI-Pass / PI-Conditional / PI-Concern / PI-Insufficient evidence) is distinct from, and weaker than, the engagement-based scale (Pass / Conditional / Fail).
1.2 What this report is not
- It is not a TIB engagement (FV / LS / RA / RV).
- It is not based on direct access to the firm's books, internal policies, complaint logs, payout ledger, or staff interviews.
- It is not a regulatory finding. TIB is a private standards body, not a regulator.
- It does not constitute investment, legal, tax, or financial advice to any reader.
1.3 Lawful basis for publication
This report is published as commentary on a matter of legitimate public interest in the proprietary-trading evaluation industry. It relies on (i) nominative fair use of the firm's name and product names solely to identify the subject of commentary, (ii) the truth defence under Czech, Cypriot, and EU law in respect of every factual statement (each of which is supported by a primary public source cited in § 8), and (iii) the right to express opinion based on disclosed factual premises, provided that the opinion is clearly distinguished from fact and labelled "indicative". No firm logos, trade marks, or copyright-protected material beyond short fair-use quotations are reproduced.
1.4 Equal treatment
TIB applies the same public-information methodology, the same TIB-IS pillars, the same evidence standards, the same right of reply, and the same take-down policy to every firm subject to a PI, regardless of whether the firm is a TIB client, a competitor, or a non-client. PI subjects are selected on the basis of public visibility, market share, or material public concern — never on the basis of whether the firm has paid TIB any fee.
1.5 No solicitation, no inducement
This PI is not contingent on the firm engaging TIB. The firm has been informed in writing of the PI's existence, has been served with a Pre-Publication Notice containing the full draft, and has 14 calendar days to respond before publication. Any subsequent paid engagement (FV, LS, RA) is a separate commercial relationship governed by TIB-TOS-1.0 and does not retroactively change the basis of this PI.
§ 2Scope & subject
ftmo.com.
2.1 In scope
- The 1-Step FTMO Challenge (single-stage evaluation, 10% profit target, 3% daily / 10% overall loss limit, 50% Best-Day cap).
- The 2-Step FTMO Challenge + Verification (10% / 5% profit targets, 5% daily / 10% overall loss limit, 4-day minimum).
- The FTMO Account stage (post-Verification simulated funded account, claimed 90% reward split).
- Account sizes up to USD 200,000 per the homepage claim.
- Public-facing rule disclosure, terms of service, payout policy claims, marketing claims, and dispute-resolution disclosure.
2.2 Out of scope
- Internal risk management, hedging, or A-book / B-book classification (no public evidence; would require engagement).
- Internal complaint handling and individual disputes (would require evidence subject to confidentiality).
- Affiliate and IB programme conduct (separate review track).
- Any claim about the personal conduct of identified individuals.
§ 3Methodology
This PI was conducted following TIB-MTH-1.0 § 20 (PI light methodology). Each step is recorded against TIB-MTH evidentiary standards.
| Phase | Activity | Standard | Dates |
|---|---|---|---|
| PI-A | Public-information collection from the firm's own website, the firm's published terms, the official Czech business registry (ARES / Justice.cz), public regulator databases, and public review platforms. | TIB-MTH § 20.2 | 2026-04-12 → 2026-04-16 |
| PI-B | Application of TIB-IS v1.0 and TIB-FRM-PF-1.0 criteria to the collected evidence; classification of each criterion as Strength / Observation / Conditional Item / Material Finding / Insufficient evidence. | TIB-MTH § 20.3 | 2026-04-15 → 2026-04-16 |
| PI-C | Engagement Lead approval (single-Reviewer rule under TIB-MTH § 20.4 — Two-Reviewer rule does not apply to PI). | TIB-MTH § 20.4 | 2026-04-16 |
| PI-D | Pre-Publication Notice served on FTMO s.r.o. with full draft text and 14-day reply window. | TIB-FRM § 27.5 | 2026-04-16 → 2026-04-30 |
| PI-E | Publication after reply window closes; firm responses (if any) included verbatim or fairly summarised. | TIB-FRM § 27.5 | scheduled 2026-05-01 |
3.1 Evidence standard
Every factual claim in this report is supported by a primary public source cited in § 8 (Evidence Register) with URL and access date. Where evidence is not publicly available or could not be obtained without engagement, the relevant criterion is marked Insufficient evidence rather than scored. No factual claim is asserted on the basis of inference alone.
3.2 Reviewer independence
The Engagement Lead and any Reviewer are independent of FTMO s.r.o. — no commercial, personal, or contractual relationship exists between TIB personnel and the subject firm. No remuneration has been paid by the subject firm for this PI.
§ 4Pillar overview
Indicative scoring across the five universal TIB-IS pillars and the three Prop Firm-specific pillars. Bars reflect the proportion of in-scope criteria scored Strength or Observation versus Conditional or Material.
§ 5Findings against TIB-IS v1.0
Of the 30 universal TIB-IS criteria, 23 are scoreable on public information, 7 are Insufficient evidence and require engagement to assess.
| ID | Criterion | Class | Basis |
|---|---|---|---|
| IS-1.1 | Corporate identity disclosed (legal name, jurisdiction, registry ID) | Strength | Operating entity, IČO, and VAT ID disclosed in T&C and footer; matches the Czech ARES public registry record for FTMO s.r.o. |
| IS-1.2 | Registered address publicly verifiable | Strength | Address consistent with ARES record. |
| IS-1.3 | Beneficial ownership reasonably ascertainable from public records | Observation | Czech registry discloses statutory body; ultimate beneficial owners are recorded in the Czech UBO registry but full ownership chain not summarised on the firm website. Acceptable for the jurisdiction. |
| IS-1.4 | Continuous trading history of operating entity | Strength | FTMO s.r.o. registered 2014; continuous public presence since then. |
| IS-2.1 | Terms and conditions published in plain English | Strength | Global Terms and Conditions and country-specific addenda published and openly downloadable. |
| IS-2.2 | Nature of service unambiguously disclosed (live vs simulated) | Strength | "All accounts we provide to our clients are demo accounts with fictitious funds and any trading is in a simulated environment only" — verbatim from the public T&C page. This disclosure is prominent and unambiguous. |
| IS-2.3 | Refund / cooling-off rights disclosed | Observation | EU consumer-protection rights referenced in T&C structure; specific refund mechanics not fully reproduced on public landing pages — full T&C PDF would need engagement-grade review for completeness scoring. |
| IS-2.4 | Dispute resolution mechanism disclosed | Observation | Czech jurisdiction and contact channels disclosed; arbitration / court venue specifics in full T&C document — not fully assessable from public landing pages alone. |
| IS-2.5 | Risk warnings present and visible | Strength | Risk and "no real funds" disclosure prominent on key pages. |
| IS-2.6 | Pricing and fee schedule clearly published | Strength | Challenge fees by account size openly displayed before purchase. |
| IS-3.1 | Performance / "trader earnings" claims supported and not misleading | Conditional | Aggregate "USD 500M+ paid in rewards worldwide" and "3.5M+ customers" are headline figures without an attached methodology page or external auditor reference. Not necessarily inaccurate, but a public-information assessor cannot independently verify. Recommendation: publish a brief methodology note for these aggregates (period covered, definition of "customer", currency conversion basis). |
| IS-3.2 | Pass-rate or success-rate claims contextualised | Observation | The firm does not aggressively advertise pass rates on the homepage; framing is reward-centric. Industry-standard pass rates of single digits to low teens are not contradicted. |
| IS-3.3 | Use of testimonials / endorsements compliant with consumer-protection norms | Observation | Trustpilot 4.8/5 displayed; common practice. No evidence of misleading endorsement. |
| IS-3.4 | No suppression of negative reviews via contractual gag clauses | Insufficient evidence | Cannot be assessed from public materials alone — would require review of the full Global T&C clause set and customer correspondence (engagement-only). |
| IS-3.5 | Marketing distinguishes simulated trading from real money trading | Strength | Demo / simulated nature consistently disclosed across product pages and T&C. |
| IS-4.1 | Public complaint channel disclosed | Strength | Email and phone support published; multilingual coverage. |
| IS-4.2 | Average resolution times published | Insufficient evidence | No public SLA disclosure; not unusual for the industry. Engagement-only assessment. |
| IS-4.3 | External ADR / ombudsman pathway disclosed | Insufficient evidence | Czech consumer ADR (Czech Trade Inspection) is the statutory default; would need full T&C review to confirm specific reference. |
| IS-4.4 | Pattern of similar complaints (Trustpilot, Reddit, Forex Peace Army) | Observation | Industry-standard complaint patterns visible (account closures over rule infractions, payout timing). No systemic pattern indicating misconduct beyond routine evaluation-programme disputes. |
| IS-5.1 | Statutory accounts filed and current | Strength | FTMO s.r.o. files annual financial statements with the Czech Justice Ministry; filings appear current. |
| IS-5.2 | No public sanctions, regulator warnings, or court orders against the operating entity | Observation | No public regulatory enforcement actions identified at evidence cut-off; PI cannot assert absence definitively. |
| IS-5.3 | Operational continuity track record | Strength | Multi-year continuous operation, EY accelerator and Forbes recognition cited. |
| IS-5.4 | Identifiable senior management | Strength | Founder and management profiles publicly identified. |
| IS-5.5 | Compliance / DPO function publicly contactable | Observation | Privacy contact and DPO routes referenced in Privacy Notice. |
Six remaining criteria scored Insufficient evidence across IS-2.7, IS-2.8, IS-2.9, IS-3.6, IS-4.5, IS-5.6 — not reproduced individually.
§ 6Findings against TIB-FRM-PF-1.0 (Prop Firm Module)
Of the 24 PF Module criteria, 15 are scoreable on public information, 9 are Insufficient evidence requiring engagement-grade access to internal risk and payout records.
| ID | Criterion | Class | Basis |
|---|---|---|---|
| PF-1.1 | Profit target clearly defined per programme | Strength | 10% (1-Step), 10% / 5% (2-Step) explicit on Trading Objectives page. |
| PF-1.2 | Maximum daily loss clearly defined | Strength | 3% (1-Step), 5% (2-Step) explicit. |
| PF-1.3 | Maximum overall loss clearly defined | Strength | 10% explicit on both programmes. |
| PF-1.4 | Minimum trading days disclosed | Strength | 4-day minimum disclosed for 2-Step. |
| PF-1.5 | Trading period and time limits disclosed | Strength | Unlimited for 1-Step, time-bound on 2-Step disclosed. |
| PF-1.6 | Best-Day / consistency rules clearly disclosed | Strength | 50% Best-Day cap explicitly stated for 1-Step. |
| PF-1.7 | News / weekend / EA / copy-trading rules disclosed pre-purchase | Observation | Disclosed in detailed FAQ / programme rule pages; not all rules visible on the headline Trading Objectives page. Recommend consolidation. |
| PF-1.8 | Account size options and fee tiers disclosed | Strength | Up to USD 200,000 with public fee schedule. |
| PF-2.1 | Reward split percentage clearly disclosed | Strength | "Up to 90% profit" disclosed prominently. |
| PF-2.2 | Payout cycle disclosed (frequency, first payout vs subsequent) | Observation | Bi-weekly / on-demand model referenced in public materials; full mechanics in account terms — engagement-only for full assessment. |
| PF-2.3 | Payout method options disclosed | Strength | Multiple payout and purchase rails disclosed publicly: bank wire, Skrill, crypto/Bitcoin, plus credit/debit card rails (Visa, Mastercard, Discover, Diners Club) and Apple Pay / Google Pay (per public payment marks on ftmo.com homepage and FAQ, verified 13 May 2026). |
| PF-2.4 | Aggregate payout claims independently auditable | Conditional | "USD 500M+ paid worldwide" lacks an attached methodology note or third-party assurance link. Not unusual for the industry, but PI flags the absence of a reproducible basis. Recommend a short methodology note. |
| PF-2.5 | Refund of evaluation fee on first payout disclosed | Insufficient evidence | Public landing pages do not surface this clearly. Engagement-only. |
| PF-3.1 | A-book / B-book / hybrid model disclosed | Insufficient evidence | Industry norm is non-disclosure; PI cannot score. |
| PF-3.2 | Slippage and execution policy disclosed | Observation | Standard MT4/MT5/cTrader execution; no public anomaly evidence. |
| PF-3.3 | Scaling plan disclosed with thresholds and ceilings | Observation | Scaling Plan referenced; specific thresholds in account terms. |
| PF-3.4 | Public warning about prohibited practices (HFT abuse, latency arbitrage, copy of internal accounts) | Strength | Dedicated public page Forbidden Trading Practices enumerates prohibited categories (HFT/latency-arbitrage abuse, copy-trading between unrelated accounts, hedging across accounts, etc.) with examples, in addition to the T&C clauses. Verified 13 May 2026. |
Seven remaining criteria across PF-2.6 through PF-3.8 scored Insufficient evidence — internal complaint logs, individual payout dispute records, internal hedging policy, internal A/B-book switching rules — not assessable without engagement.
§ 7Indicative determination
PI-Indicative — within scope of public information
On the basis of publicly available materials only, FTMO s.r.o. presents as a long-established Czech operator of proprietary-trading evaluation programmes and stands at the upper end of the prop-trading segment for public disclosure: the simulated nature of trading, full programme rule set, fee schedule, reward split, corporate identity, prohibited-practices framework, and payment-rail variety are all clearly disclosed on the firm’s public materials.
Two Conditional Items were identified in the public-information set: (i) absence of an attached methodology note for the headline aggregate claims "USD 500M+ paid in rewards" and "3.5M+ customers" (IS-3.1 / PF-2.4), and (ii) the consolidated visibility of the secondary rule set (news, weekend, EA, copy-trading) on the headline Trading Objectives landing page (PF-1.7).
Sixteen further criteria across TIB-IS and the PF Module are scored Insufficient evidence and would require an engagement-based assessment (FV or LS) to determine.
No Material Findings were identified within the publicly available evidence base assessed.
This indicative determination is not a Pass under TIB-FRM-1.1 § 13 and shall not be cited as such. A firm wishing to obtain an engagement-based Verified Determination may proceed under TIB-FRM-1.1 § 27.7 (PI-to-FV conversion).
§ 8Evidence register
Every factual statement in §§ 2–7 derives from one or more sources in this register. Each source was accessed on the listed date; archival snapshots are retained internally.
| ID | Source | URL | Accessed |
|---|---|---|---|
| EV-01 | FTMO official homepage — claims of payouts, customers, reward split | ftmo.com/en/ | 2026-04-16 |
| EV-02 | FTMO Trading Objectives — programme rules | ftmo.com/en/trading-objectives/ | 2026-04-16 |
| EV-03 | FTMO Terms & Conditions landing — corporate identity, simulated nature disclosure | ftmo.com/en/terms-and-conditions/ | 2026-04-16 |
| EV-04 | Czech business registry (ARES) — FTMO s.r.o. record | ares.gov.cz/ekonomicke-subjekty?ico=03136752 | 2026-04-15 |
| EV-05 | Czech Justice Ministry public commercial register filings | or.justice.cz/ias/ui/rejstrik-$firma?ico=03136752 | 2026-04-15 |
| EV-06 | Trustpilot public review aggregate (4.8/5 cited) | trustpilot.com/review/ftmo.com | 2026-04-15 |
| EV-07 | TIB Standards — TIB-IS v1.0 universal criteria | integritybureau.org/standards/integrity-standards/ | 2026-04-16 |
| EV-08 | TIB Standards — TIB-FRM-PF-1.0 Prop Firm Module | integritybureau.org/standards/framework-prop-firm/ | 2026-04-16 |
| EV-09 | TIB Methodology — TIB-MTH-1.0 § 20 (PI light methodology) | integritybureau.org/methodology/#s20 | 2026-04-16 |
| EV-10 | TIB Framework — TIB-FRM-1.1 § 27 (Public-Information Assessments) | integritybureau.org/standards/framework/#s27 | 2026-04-16 |
§ 9Reviewer signatures
Single-Reviewer rule applies under TIB-MTH-1.0 § 20.4 for Public-Information Assessments. The Two-Reviewer rule (TIB-MTH § 6) is reserved for engagement-based reports.
Approved this Public-Information Assessment as compliant with TIB-MTH-1.0 § 20 and TIB-FRM-1.1 § 27. No conflicts of interest declared.
Conducted independent review of source evidence and findings classification. No commercial relationship with the subject firm.
§ 10Firm right of reply & take-down policy
10.1 Pre-publication right of reply (TIB-FRM-1.1 § 27.5)
FTMO s.r.o. has been served with this draft via the Pre-Publication Notice on 16 April 2026 and has 14 calendar days (until 30 April 2026) to submit a written reply. Any reply received within the window will be (a) reproduced verbatim as Annex A, or (b) fairly summarised at the firm's election, before publication on 1 May 2026.
10.2 Post-publication correction (TIB-FRM-1.1 § 27.6)
After publication, FTMO s.r.o. may at any time submit:
- a correction request for any factual statement said to be inaccurate, accompanied by primary public evidence supporting the correction; or
- a take-down request demonstrating material error, defamation, or breach of applicable law.
TIB will respond within 5 business days. Demonstrated material error results in correction or take-down at TIB's expense and (if appropriate) a published erratum.
10.3 Conversion to engagement (TIB-FRM-1.1 § 27.7)
FTMO s.r.o. may at any time elect to convert this PI to an engagement-based Full Verification (FV) or Limited-Scope (LS) Report by signing TIB's standard engagement letter. On signature this PI is withdrawn from the Public Registry pending publication of the engagement-based Report; PI fees are not retroactively charged.
10.4 Contact
Replies, corrections, and take-down requests: registry@integritybureau.org · postal: Stratinova LTD · Archiepiskopou Makariou III 228, Agios Pavlos Building · 3030 Limassol · Cyprus.
Annex APost-publication correction record (received 13 May 2026)
The following post-publication correction request was submitted by FTMO under TIB-FRM-1.1 § 27.6 (§ 10.2 of this report) and has been processed by Trading Integrity Bureau in accordance with its published Methodology.
A.1 Firm submission
From: FTMO Support <support@ftmo.com> — Lukas Than, Team Leader, Complaints & Investigations
Received: 13 May 2026
Reference: registry.integritybureau.org/firm/ftmo.html#s10
The firm requested adjustment of three items: (i) PF-2.3 — to reflect that credit/debit cards are also offered as a purchase rail; (ii) PF-3.4 — to reflect the existence of a dedicated public page on Forbidden Trading Practices; (iii) the headline Pillar 2 (Payout Integrity) determination — which the firm considers low given the speed and breadth of its payout operations.
A.2 TIB verification and disposition
(i) PF-2.3 — accepted. The public payment marks displayed on ftmo.com (homepage and FAQ, accessed 13 May 2026) confirm support for Visa, Mastercard, Discover, Diners Club, Apple Pay, Google Pay, Skrill and Bitcoin in addition to bank wire. The criterion remains a Strength; the descriptive text has been corrected to enumerate the full set of publicly disclosed rails.
(ii) PF-3.4 — accepted. The dedicated public page https://ftmo.com/en/forbidden-trading-practices/ (verified 13 May 2026) enumerates prohibited categories with examples and exceeds the T&C-only baseline that was previously cited. The finding has been re-graded from Observation to Strength with a direct citation to the page.
(iii) Pillar 2 headline determination — not accepted as a re-grade. The PF2 (Payout Integrity) pillar shows 2 of 8 criteria in scope with an indicative meter of Insufficient. The result reflects the limits of a Public-Information Assessment, not an adverse view of the firm's actual payout performance: five of the eight PF2 criteria (PF-2.5 through PF-2.8, plus internal payout-dispute records, refund-on-first-payout mechanics, and aggregate-payout audit basis) require evidence that is not publicly disclosed by any major prop-trading firm and is therefore only assessable under an engagement-based review (TIB-FRM-1.1 § 27.7 / § 10.3). The PI-stage determination is structurally bounded and cannot be raised by public-record evidence alone. The firm is invited to convert to a Full Verification or Limited-Scope engagement if a fuller determination on Pillar 2 is desired.
A.3 Changes applied
- PF-2.3 description corrected to enumerate full publicly disclosed payment-rail set. Grade unchanged (Strength).
- PF-3.4 re-graded from Observation to Strength; citation to the dedicated public Forbidden Trading Practices page added.
- Pillar PF3 (Risk model transparency) indicative meter recalibrated from 55% Adequate to 68% Strong, reflecting the PF-3.4 upgrade and the overall composition of in-scope criteria.
- Pillar PF2 (Payout integrity) indicative meter recalibrated from 35% Insufficient (2/8) to 52% Adequate within PI scope (4/8). The four PF2 criteria that can be assessed from public records (PF-2.1 through PF-2.4) are predominantly favourable — two Strengths, one Observation, one Conditional — and the meter has been corrected to distinguish “limited public visibility” (PF-2.5 through PF-2.8) from an adverse public-record finding, which does not exist. A definitive Pillar 2 determination remains available only under an engagement-based review.
- Headline summary paragraph rephrased to reflect FTMO’s upper-end position in the prop-trading segment for public disclosure.
- This Annex A appended as a permanent post-publication correction record.
A.4 Document control — revision
Report ID unchanged: TIB-PIA-2026-PF-FTMO. Revision: R1 (13 May 2026). Prior content retained server-side for audit purposes. Earlier text is superseded by the entries above.