Before you can trade for FTMO, we need to see how you can manage risk. Because of this, we have developed Trading Objectives. There are four basic Trading Objectives you need to know to become an FTMO Trader and to trade up to $200,000 on your FTMO Account. The first rule is called Minimum Trading Days.
The Minimum Four Trading Days rule is one of the special Trading Objectives in our Evaluation Process. We have developed this Trading Objective to determine the trader’s ability to manage risk seriously. By passing this Trading Objective, traders prove their trading consistency and the ability to generate profits steadily.
Lastly, we also want to avoid ‘one lucky trade’ situations.
Trading Day
A trading day is defined as ANY day in the CE(S)T timezone during which the trader executes at least one trade. If you were to hold a position over multiple days, it would still be considered as one trading day. This is because you need to have at least one new position opened on each trading day.
You do not have to trade for 4 days consecutively, you just simply have to complete at least 4 Trading Days in total by the end of the trading period. The good news for all our FTMO Traders is that the Minimum 4 trading days Trading Objective is present only during the Evaluation Process – FTMO Challenge and Verification. Once you start trading on the FTMO Account, we want you to trade as comfortably as possible and therefore no minimum trading days rule is required anymore.
FAQs
Having successfully operated since 2015, we provided thousands of clients with their FTMO Accounts, and in total, we have paid out over $160 million. We've also been featured in Forbes and awarded by Deloitte and EY multiple times.
Is it possible to pass FTMO? ›
If you are able to repeatedly pass our Free Trial, then there are chances you can succeed in the full FTMO Challenge as well. This should encourage you to start your journey to become one of our FTMO Traders.
What percentage of people pass FTMO? ›
Around 10% pass
According to FTMO statistics, only about 10% of traders are able to pass the funded account challenge at any account level. This means approximately 90% of aspiring funded traders fail the evaluation and are unable to gain access to the firm's capital.
Can I pass FTMO challenge in one day? ›
The minimum time to complete an FTMO Challenge is 4 trading days.
Does FTMO actually pay out? ›
FTMO's payout process is straightforward and transparent. Once a trader successfully completes the Challenge and Verification phases, they are eligible to receive a funded account with FTMO. The funded account comes with a profit split of 70/30, where the trader receives 70% of the profits made while FTMO retains 30%.
Which prop firm is better than FTMO? ›
FTMO Alternatives Frequently Asked Questions (FAQs):
Yes, there are many sites offering similar services to FTMO. These include FunderPro, the5ers and many more. If you are looking for an alternative to FTMO, FunderPro is currently rank as the number one on the list of top Forex Prop Firms.
How difficult is FTMO? ›
There is estimated to be a 90% fail rate of traders that take the FTMO challenge. The reason behind this is due to traders chasing the profit target with a time restriction in place. A trader doesnt know when a winning streak might occur, or when they may take a string of drawdowns.
How many times can I fail FTMO? ›
You will be removed from the Premium Programme if one of the following situations occurs: You fail the FTMO Account which is part of the Premium Programme. You fail 3 accounts regardless of the of the stage (FTMO Challenge, Verification, FTMO Account)
How many traders use FTMO? ›
Trading. Over the year, we have created more than 960,000 trading accounts through our platform for you. This total includes all FTMO Challenges, Verifications, FTMO Accounts, and Free Trials. More than 90,000,000 trades were executed on all accounts in 2021, indicating a reasonably active approach to trading.
Did FTMO ban US traders? ›
In what appears to be related to the latest MetaQuotes crackdown on the proprietary trading landscape, prop firm FTMO has stopped onboarding US clients, Finance Magnates has learned. New traders attempting to register from a US IP address were unable to complete the registration form.
During the FTMO Challenge & Verification, you can ignore the rule of not trading in the window of 2 mins before to 2 minutes after the specific releases. We don't enforce it as we want to make it easier for you to pass the evaluation process.
How much is FTMO 200k? ›
In conclusion, the FTMO 200k account price is $485, which covers the one-time fee for the Challenge and Verification stages. Traders must also deposit a minimum of $5,000 to start trading the $200,000 account.
Why is FTMO banned in India? ›
Due to regulatory developments and business decisions based on risk management considerations, FTMO does not accept clients in India, the Russian Federation, the Republic of Belarus, the Republic of Indonesia, Cuba, Venezuela, Sudan, and South Sudan.
Why is FTMO so good? ›
Large Account Size
Unlike brokerage companies and other types of brokers, we do not accept deposits. You only pay a fee for the Evaluation Process that is reimbursed once you reach a payout on the FTMO Account.
Why is FTMO expensive? ›
The fee covers the costs related to the FTMO Challenge provided by FTMO such as the designing, development, and operation of the FTMO platform (the technical infrastructure behind the provided educational services and applications).
