Step 2 - Verification (2024)

Frequently Asked Questions

Step 2 – Verification

The Verification stage is the second and final step of our Evaluation Process. The purpose of the Verification stage is to test your trading consistency. We need to be sure that you can trade your system or strategy profitably in the long run while respecting the rules. The Verification stage has easier Trading Objectives compared to the FTMO Challenge stage as the Profit Target is reduced by half, and just like in the first step, you have an unlimited amount of time to pass.

As soon as you succeed in all Trading Objectives and your results are reviewed, you can complete your FTMO Identity to sign the contract for your FTMO Account. No need to wait any longer!

Following are the Trading Objectives.

Step 2 - Verification (2024)

FAQs

Is 2-step verification foolproof? ›

While 2FA does improve security, it is not foolproof. Two-factor authentication goes a step further in verifying identity from the user simply entering a PIN or CVV number from their credit card.

How reliable is 2-step verification? ›

When Faced With the Question, Is 2-Step Verification Safe? The answer is a sure yes. However, it is not foolproof. There should be additional measures to further prevent hackers from infiltrating the user's accounts.

Is two-factor authentication enough? ›

Using two-factor authentication is like using two locks on your door — and is much more secure. Even if a hacker knows your username and password, they can't log in to your account without the second credential or authentication factor.

Is it possible to bypass 2-step verification? ›

Tech-savvy attackers can even bypass two-factor authentication without knowing the victim's login credentials. Man-in-the-middle (MiTM) attacks describe the phenomenon of a third party, also known as a man-in-the-middle, intercepting the communication between two systems.

Is it possible to get hacked with 2-step verification? ›

Another way how 2-step verification can be hacked is via credential stuffing, where attackers try to breach a system using lists of compromised usernames and passwords. Bots are often used to automate the process and maximise the chances of getting a successful hit.

What are the disadvantages of two-step verification? ›

Drawbacks you may encounter
  • There is no way to afford two-factor authentication. The most common reason for this can be the lack of a modern phone or any other gadget that would support such a feature.
  • Problems due to loss of access to one of the authentication factors.
Dec 26, 2023

Why is 2FA no longer safe? ›

Even if the user doesn't respond to a push login request or doesn't enter a One-Time Password (OTP) when prompted, a hacker still knows they have a working password now; how, because the delay for the denied message takes longer... Most of us know where this is going; the hacker is persistent in their login attempts.

Is Google 2-step verification worth it? ›

These password-stealing scams are common and even experts are sometimes fooled. Signing in with both a password and a second step on your phone protects against password-stealing scams. Even if someone gets your password online, they won't also have your phone.

What is the difference between 2-step verification and 2 factor authentication? ›

Two-step verification (2SV) is similar to 2FA in that it requires users to provide two different forms of identification to access their accounts. However, 2SV typically uses two factors that belong to the same category, such as two forms of something the user knows (such as a password and a security question).

What is the success rate of MFA? ›

Our findings reveal that MFA implementation offers outstanding protection, with over 99.99% of MFA-enabled accounts remaining secure during the investigation period.

What are the flaws of two-factor authentication? ›

2FA, and multi-factor authentication as a whole, is a reliable and effective system for blocking unauthorized access. It still, however, has some downsides. These include: Increased login time – Users must go through an extra step to login into an application, adding time to the login process.

Is 2FA strong authentication? ›

Strong authentication assumes credential phishing and impersonation attacks are inevitable and robustly repels them. Although multi-factor authentication (MFA) remains among the best ways to establish who trusted users are, actual strong authentication goes beyond either two-factor authentication (2FA) or MFA.

What happens if I lose my phone with 2-Step Verification? ›

If you've lost access to your primary phone, you can verify it's you with: Another phone signed in to your Google Account. Another phone number you've added in the 2-Step Verification section of your Google Account.

Can you undo 2-Step Verification? ›

How to Turn Off 2-Step Verification in Gmail (Android Devices) First, open your device's Settings app, then head to Google, then Google Account. There, tap Security. You'll find a section labeled “2-Step Verification,” which may prompt you to sign into your Google account.

Is it OK to turn off 2-Step Verification? ›

Your account is more secure when you need a password and a verification code to sign in. If you remove this extra layer of security, you will only be asked for a password when you sign in. It might be easier for someone to break into your account.

Does 2-step verification protect you? ›

Signing in with both a password and a second step on your phone protects against password-stealing scams. Even if someone gets your password online, they won't also have your phone.

Is 2FA bulletproof? ›

Yes, 2FA provides a valuable extra layer of security but it's far from bulletproof.

Why is 2FA not secure? ›

One of the main reasons why 2FA is no longer secure is that hackers have become increasingly sophisticated in their methods of attack. For example, phishing attacks have become more sophisticated, making it easier for hackers to obtain user credentials through deceptive email messages or fake login pages.

What is the advantage of two-step verification? ›

Two-factor authentication is an authentication mechanism to double check your identity is legitimate. The intention is to provide stronger protection against unauthorised access to user accounts.

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