FTMO – Prop Firm Review
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- Founded 2015 — most established prop firm in the industry
- 1-Step or 2-Step Challenge with $10K–$200K initial accounts
- Up to 90% profit split, scaling to $2,000,000
- Three platforms: MetaTrader 4, MT5, cTrader
- No time limits on evaluations (since 2024)
Firm Overview
FTMO is a leading proprietary trading firm established in 2015 in Prague, Czech Republic. The company provides aspiring traders the opportunity to obtain funding for their trading activities through a two-phase evaluation process known as the FTMO Challenge. Unlike traditional prop firms, FTMO doesn’t require traders to be physically present or work specific hours – traders can operate from anywhere globally with internet access.
The company stands out for its innovative approach to trader evaluation, robust trading platforms, and substantial account funding options ranging from $10,000 to $200,000. FTMO’s business model centers on identifying skilled traders through their rigorous challenge process, which tests both profitability and risk management. Successful traders gain access to FTMO’s capital and keep up to 90% of profits generated, with no personal risk beyond the initial challenge fee.
Video Review
FTMO – Prop Firm Review
FTMO – Prop Firm Review
Key Features at a Glance
Challenge Fees
- $10,000 Account – $89 one-time refundable fee for the FTMO Challenge: 2-Step
- $25,000 Account – $250 one-time refundable fee for the FTMO Challenge: 2-Step
- $50,000 Account – $345 one-time refundable fee for the FTMO Challenge: 2-Step
- $100,000 Account – $439 one-time refundable fee for the FTMO Challenge: 2-Step (Best value)
- $200,000 Account – $1,080 one-time refundable fee for the FTMO Challenge: 2-Step
Account Types
- Standard Account: FTMO’s standard account type, with news-trading and overnight/weekend position restrictions on the FTMO Account (no restrictions during evaluation)
- Swing Account: Designed for longer-term traders with extended time frames and weekend holding permitted
- FTMO Challenge: 2-Step: Two-phase evaluation (Challenge + Verification) with up to 90% profit share and unlimited trading period
- Swing Account: For traders who hold positions over weekends with adjusted parameters
Profit Split Options
- Standard Split: 80% profit to the trader, 20% to FTMO on all funded accounts
- Scaling Plan: Up to 90% profit and 25% account-balance scale-up once 4-month consistency criteria are met
- Scaling Plan: Improved profit splits as traders progress through the account scaling system
Account Sizes
- $10,000: Entry-level account ideal for beginners with lower challenge fee
- $25,000: Mid-tier account with balanced risk-reward ratio
- $50,000: Advanced account with higher profit potential
- $100,000: Professional-level trading capital with substantial earning potential
- $200,000: Maximum account size for experienced traders seeking significant funding
Trading Platforms
- MetaTrader 4: Industry-standard platform with comprehensive charting and analysis tools
- MetaTrader 5: Advanced next-generation platform with enhanced features and capabilities
- cTrader: Modern platform with advanced execution and depth of market visibility
Financial Markets
- Forex: Major, minor and exotic currency pairs with competitive spreads
- Commodities: Gold, silver, oil, natural gas and other primary resources
- Indices: Major global stock indices including S&P 500, NASDAQ, DAX, and more
- FTMO does not currently offer Stocks (tradable symbols are Forex, Indices, Crypto and Commodities only)
- Cryptocurrencies: Major digital assets including Bitcoin, Ethereum and others
Challenge Programs Detail
FTMO Challenge: 2-Step
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 10% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 4 days | 4 days |
FTMO Challenge: 1-Step (single evaluation, no Verification phase)
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 10% | 10% |
| Daily Drawdown | 3% | 3% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | No min advertised | No min advertised |
Challenge Specifications
- Max Allocation: Up to $2,000,000 through account scaling program after consistent performance
- Scaling: 25% account size increase per step upon meeting performance criteria, up to $2,000,000
- Trading Competitions: Regular contests with additional prizes for top performers
- Free Trial: Free FTMO demo account available to practice before entering the challenge
- Profit Targets: Range from 5% (Phase 2 / Verification) to 10% (Phase 1 / 1-Step)
- Drawdown Structure:
- Daily: 5% maximum loss from initial account balance allowed in a single trading day
- Maximum: 10% maximum loss from initial account balance overall
- Trailing: Static maximum loss measured from initial account balance (does not trail with profits)
Trading Rules and Requirements
- No position holding over weekends unless using Swing Account
- No dangerous trading strategies that could lead to significant slippage
- No arbitrage or price latency exploitation
- No external manipulation of trading results
- Must trade a minimum of 4 days during each phase
- Maximum allowed trade size must be followed based on account type
- No trading during major news events on specific account types
Company Information
- Founded: 2015 in Prague, Czech Republic
- Regulation: Unregulated prop firm – accounts are demo/simulated; FTMO s.r.o. is a Czech-registered company
- Customer Base: 3.5M+ customers worldwide; 140+ countries served (per FTMO homepage)
- $500M+ paid in rewards worldwide (per FTMO homepage)
- Support Languages: English, Spanish, Portuguese, Czech, German, French, and more
- Customer Support: 24/7 in-house team via live chat, email, WhatsApp and phone (in 20 languages)
Payout Methods
- Bank Transfer (regional availability)
- Various e-wallets (regional availability)
- Wire transfer (regional availability)
- Cryptocurrencies (regional availability)
- E-wallets (regional availability)
Trading Commissions
- No hidden fees after paying the initial challenge fee
- Forex pairs: Raw spreads plus $5 per lot round-turn commission (per FTMO Symbols page)
- Indices: Competitive spreads with no additional commission
- Stocks: not offered by FTMO
- Cryptocurrencies: Varied spreads depending on market volatility
IP Rules
- Only one FTMO Challenge per person at a time
- Trading from multiple IP addresses is allowed with prior notification
- VPN usage requires approval from FTMO support
- Trading from different geographic locations is permitted with notification
- Multiple individuals cannot share the same account
Unique Features
Trading Analytics
- Detailed performance metrics and trading statistics
- Advanced psychological analysis of trading patterns
- Trade journal with automatic trade categorization
- Benchmarking against successful traders
Education and Support
- Free educational webinars and trading courses
- Community of traders with discussion forums
- Performance Coaches available for top-performing traders
- Regular market analysis and trading ideas
Why Choose FTMO?
FTMO has established itself as one of the most reputable prop trading firms in the industry, offering traders a genuine pathway to professional trading with substantial capital. Their evaluation process is designed to identify disciplined traders with consistent strategies rather than lucky gamblers.
Key advantages include:
- Transparent conditions with clearly defined rules and objectives
- High profit splits (80-90%) compared to industry averages
- Scaling program allowing successful traders to increase their capital
- No time limits on funded accounts – maintain them indefinitely with proper trading
- Multiple account types catering to different trading styles
- Industry-leading trading analytics and performance feedback
- Active trader community with regular events and competitions
Frequently Asked Questions
How long does it take to get funded?
FTMO uses a two-phase Challenge and Verification process. Phase 1 requires a 10% profit target and Phase 2 requires 5%, both with a 4-day minimum trading days requirement and an unlimited trading period (no time minimum or maximum). Most disciplined traders complete both phases in 4–10 weeks. Once you pass, the funded account is set up within 1–2 business days.
Can I hold positions over the weekend?
FTMO generally permits weekend holding, but positions remain subject to the maximum drawdown limit during any gaps at open. It is advisable to reduce position sizes before weekends to manage gap risk. Some traders prefer to close positions on Friday to avoid unexpected market movements.
What happens if I break a rule?
Violating a rule at FTMO – such as breaching the daily loss limit, maximum drawdown, or trading during prohibited windows – results in immediate account termination. You receive a detailed report explaining the breach. You can purchase a new FTMO Challenge at any time to restart the evaluation from Phase 1.
Can I trade news events?
FTMO’s news-trading restrictions apply only to the Standard account type after passing the evaluation, and only on the FTMO Account; they do not apply during the Challenge or Verification phases. The Swing account type has no news-trading restrictions. Trading is permitted during regular news, but extreme caution is advised. Check the FTMO economic calendar in your dashboard for the current restricted windows.
How often can I withdraw profits?
FTMO funded traders receive rewards on a bi-weekly cycle (trader-initiated, processed in approximately 8 hours on average per FTMO’s Scaling Plan page). Payments are made via bank transfer, e-wallets and cryptocurrency, with regional availability.
4 reviews for FTMO – Prop Firm Review
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