FT Mogul – Firm Review
- Lightning-fast, reliable trade execution daily
- Massive capital access for top performers
- Earn substantial share of profits
- Educational support helps beginners succeed
- Global network opens market opportunities
# FT Mogul Review
Company Overview
FT Mogul is a modern proprietary trading firm that offers funded account opportunities to both novice and experienced traders. Founded with the goal of providing accessible trading capital, FT Mogul stands out with its two-phase evaluation process designed to identify disciplined and consistent traders. Their platform enables traders to access financial markets with substantial capital without risking their own funds.
What distinguishes FT Mogul is their competitive fee structure, rapid evaluation process, and trader-friendly rules. The firm offers account sizes ranging from $10,000 to $200,000, with scaling opportunities as traders demonstrate consistent performance. FT Mogul supports multiple trading instruments across forex, indices, commodities, and cryptocurrencies, giving traders flexibility to utilize their preferred strategies in various market conditions. With profit splits up to 90% and a straightforward path to funding, FT Mogul creates genuine opportunities for skilled traders to build trading careers.
Key Features at a Glance
Challenge Fees
- Standard Challenge – One-time fee starting at $99 for $10,000 account with competitive pricing for larger accounts
- Professional Challenge – One-time fee starting at $149 for $10,000 account with reduced trading restrictions
- Free Retry – Option to retry the challenge at no additional cost if specific conditions are met
- Discount Options – Periodic promotions and discounts available for traders
Account Types
- Standard Challenge Account: Traditional two-phase evaluation with 8% profit target in each phase and standard drawdown limits
- Professional Challenge Account: Advanced evaluation with lower profit targets (6%) and more flexible trading parameters
- Funded Account: Live trading account with real capital after successful challenge completion
- Scaled Account: Increased capital allocation for consistently profitable funded traders
Profit Split Options
- Standard Split: 80% profit split for traders on initial funded accounts
- Enhanced Split: 85% profit split for traders after demonstrating consistent performance
- Elite Split: 90% profit split for top-performing traders with scaled accounts
- Rapid Payout: Bi-weekly profit withdrawal schedule available for all funded traders
Account Sizes
- $10,000: Entry-level account with lowest challenge fee, ideal for beginners
- $25,000: Mid-tier account offering balance between capital and challenge fee
- $50,000: Professional-level account with substantial trading capital
- $100,000: Advanced account for experienced traders seeking significant capital
- $200,000: Premium account offering maximum trading capital for elite traders
Trading Platforms
- MetaTrader 4: Industry-standard platform with comprehensive charting tools and indicators
- MetaTrader 5: Advanced trading platform with enhanced features and multi-asset capabilities
- TradingView Integration: Available for analysis and chart preparation with execution via MT4/MT5
- Mobile Trading: Full functionality through mobile apps for iOS and Android
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Indices: Global stock indices including US30, SPX500, NAS100, and international markets
- Commodities: Gold, silver, oil, and other popular commodity markets
- Cryptocurrencies: Major digital assets including Bitcoin, Ethereum, and other leading tokens
- Metals: Precious and industrial metals with flexible trading conditions
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 8% | 8% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 5 days | 5 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 6% | 6% |
| Daily Drawdown | 6% | 6% |
| Maximum Drawdown | 12% | 12% |
| Minimum Trading Days | 5 days | 5 days |
Challenge Specifications
- Max Allocation: Initial funded accounts up to $200,000 with potential for increased allocation through scaling program
- Scaling: Account size can be increased by 25% after every 3 months of consistent profitable trading
- Trading Competitions: Monthly competitions with additional cash prizes for top-performing traders
- Free Trial: Demo evaluation available for traders to test the platform before committing to a challenge
- Profit Targets: Standard Challenge (8% per phase), Professional Challenge (6% per phase)
- Drawdown Structure:
- Daily: 5% in Standard Challenge, 6% in Professional Challenge
- Maximum: 10% in Standard Challenge, 12% in Professional Challenge
- Trailing: No trailing drawdown – only absolute drawdown from initial balance
Trading Rules and Requirements
- No overnight trading restrictions – positions can be held through weekends and holidays
- News trading is permitted with proper risk management
- No minimum trading days requirement during funded phase
- Maximum leverage of 1:100 available on all accounts
- No maximum lot size restrictions, position sizing based on risk management rules
- Trade consistency requirements apply – similar trading style must be maintained throughout evaluation
- All trading strategies allowed except prohibited manipulation techniques
- No restrictions on trading hours – 24/5 trading permitted
Company Information
- Founded in 2021 with headquarters in London, UK
- Regulated by Financial Conduct Authority (FCA)
- 24/7 customer support via live chat, email, and phone
- Educational resources including webinars, trading guides, and market analysis
- Active community of traders with dedicated Discord server
- Regular updates to trading conditions and programs based on trader feedback
Payout Methods
- Bank Transfer (2-3 business days)
- PayPal (1-2 business days)
- Skrill (Same day processing)
- Cryptocurrency (Bitcoin, Ethereum) (Same day processing)
- Wise (Formerly TransferWise) (1-2 business days)
Trading Commissions
- Forex: $5 per standard lot (round turn)
- Indices: $5 per standard lot (round turn)
- Commodities: $5-8 per standard lot depending on instrument
- Cryptocurrencies: 0.1% of trade value
- No other hidden fees or charges applied to trades
IP Rules
- Flexible IP verification – trading from multiple locations permitted with prior notification
- VPN usage allowed for security purposes with proper documentation
- Multiple device login permitted under same account
- Address verification required initially but minimal restrictions afterward
- Travel notifications system available for traders who need to trade while traveling
Unique Features
Trading Conditions
- No time limit on challenge completion – trade at your own pace
- Bi-weekly profit withdrawals available from funded accounts
- Free retry policy if specific trading metrics are met
- High profit split up to 90% for established traders
Trader Support
- Performance analytics dashboard with detailed metrics
- One-on-one coaching sessions available for funded traders
- Trading psychology webinars and resources
- Community Discord server for networking and strategy sharing
Why Choose FT Mogul?
FT Mogul stands out in the competitive prop firm landscape by offering trader-centric programs designed to help both beginners and professionals succeed. Their challenge structure balances reasonable profit targets with realistic risk parameters, creating an achievable path to funded trading.
Key advantages include:
- No time limits on challenges – trade according to your schedule and strategy
- High profit splits starting at 80% and increasing to 90% for consistent performers
- Flexible trading rules allowing overnight positions and news trading
- Rapid scaling program that can increase account size by 25% every 3 months
- Comprehensive trader support including analytics, education, and community resources
- Competitive pricing structure with transparent fee system and no hidden costs
Frequently Asked Questions
How long does it take to get funded?
The time to receive funding depends entirely on your trading performance. Since FT Mogul challenges have no time limits, you can complete them at your own pace. Typically, traders who meet the profit targets while respecting risk management rules can complete both phases within 1-2 months. Once you’ve successfully passed both evaluation phases, account setup and funding typically occurs within 24-48 hours.
Can I hold positions over the weekend?
Yes, FT Mogul allows traders to hold positions over weekends and holidays. This flexibility accommodates swing trading strategies and longer-term approaches. However, traders should be aware of potential weekend gaps and volatility when markets reopen, and manage their risk accordingly. There are no penalties or restrictions for holding positions during market closures.
What happens if I break a rule?
Rule violations are handled based on severity. Minor infractions typically result in warnings, while serious violations like exceeding maximum drawdown limits will result in account termination. FT Mogul provides clear violation notifications through their dashboard. In some cases, particularly for unintentional or minor violations, traders may be offered a discounted reset option. Each situation is reviewed individually by the compliance team.
Can I trade news events?
Yes, FT Mogul permits news trading on all account types. Unlike many prop firms, there are no restrictions around high-impact economic events. Traders can implement news-based strategies provided they maintain proper risk management and don’t exceed the account’s drawdown limits. This policy gives traders maximum flexibility to capitalize on market-moving events according to their trading strategy.
How often can I withdraw profits?
FT Mogul offers a bi-weekly profit withdrawal schedule for funded traders. Withdrawals can be requested on the 1st and 15th of each month, with payment processing typically completed within 1-3 business days depending on the selected payment method. There is no minimum withdrawal amount, allowing traders to access their profits regularly. The profit split is applied automatically, with traders receiving their share directly to their preferred payment method.
