Founded in 2015 in Prague, Czech Republic, FTMO is a modern proprietary trading firm that seeks to identify and fund talented traders globally. The company's business model is centered around its "FTMO Challenge" and "Verification" stages, where prospective traders must meet specific profit targets and risk management rules in a simulated trading environment. Traders who successfully pass this evaluation are offered a funded "FTMO Account" with a starting balance of up to $200,000, and they keep up to 90% of the profits they generate. The company's mission is to provide undercapitalized traders with the opportunity to manage significant capital and to offer a platform for them to build a professional trading career.