FTMO, which stands for Funded To Trade My Own, is a prop trading firm that provides funded trading accounts to traders. Traders can apply for a funded account by passing an evaluation process that tests their skills. If they pass, they receive a funded account to trade with FTMO's capital.
The Number of Funded Accounts Allowed Per Trader
Individual Funded Accounts
FTMO allows traders to have up to 5 funded accounts at one time. These accounts include:
So in total, one trader can have up to 5 active funded accounts with FTMO at any given time. The live funded accounts provide capital for traders to use for their trading once they pass the evaluations.
Rules Around Multiple Accounts
There are some rules in place around having multiple funded accounts:
So while traders can have up to 5 accounts, there are strict rules against manipulating the system to get more accounts than allowed.
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Adding Users to Funded Accounts
Sharing Accounts
The funded accounts provided by FTMO are for the sole use of the trader that passed the evaluation. Traders cannot share or allow others to trade their FTMO accounts.
This means that you cannot add users to an existing funded account. The accounts are tied to an individual's identity and trading statistics. Other users would have to pass the FTMO evaluation themselves in order to receive a funded account.
Manager Accounts
There are some account types that allow for multiple users:
So if traders want to add multiple users to the same account, manager and maverick accounts allow for that. But the default individual funded accounts are limited to the trader that passed the evaluation.
The Verdict on Number of Users Per Account
To summarize, here are the key rules around number of users per FTMO account:
So while individual accounts are limited to a single trader, there are some account types that enable multiple user access. But overall, the number of accounts allowed per trader identity is capped at 5.
Frequently Asked Questions
Can I let someone else trade my FTMO account?
No, individual funded accounts are for the sole use of the trader who passed the evaluation. Letting someone else trade the account is grounds for account closure.
What if I want to add another user to my FTMO account?
If you wish to add additional users to trade the same account, look into Manager or Maverick accounts. Individual accounts cannot have users added and are limited to the trader identity that passed the evaluation.
Do I need to evaluate each user individually on Maverick accounts?
No, with Maverick accounts the FTMO evaluation and account funding is done at the group level rather than individually. So only one evaluation is needed for the group entity.
Can I open accounts for my friends and family at FTMO?
No, each trader identity is limited to 5 accounts. To receive a funded account, each user must pass FTMO's evaluation with their own trader identity and trading statistics.
What if my funded account gets closed, can I open a new one right away?
If an account is closed, you must wait 6 months before applying for a new funded FTMO account, even if opening another type of account like a Maverick.
Conclusion
At FTMO, individual traders can have up to 5 active funded accounts at one time, with strict rules against manipulating identity to open more accounts. While individual accounts are limited to one trader identity, manager and maverick accounts do enable multiple users on a single funded account. But overall, the number of accounts allowed per trader is capped at 5, ensuring funding is distributed fairly.
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