What is FTMO?
FTMO is a "Proprietary trading firm" meaning a financial firm or commercial bank that invests for direct market gain rather than earning commission dollars by trading on behalf of clients. It's also called "prop trading". They recruit talented forex traders to trade with their capital for a 70/30 split of profit (70% for you the trader). To be sure the trader is suitable, they must pass a 2-step evaluation challenge where you meet profit targets and have losses within limits.