FTMO 200K account price Review 2024 (2024)

Are you an aspiring trader looking to take your skills to the next level? Or perhaps you are a seasoned trader looking for new challenges and opportunities? Either way, you may have come across the FTMO challenge - a popular trading challenge that offers traders the chance to manage a $200,000 account. But what exactly is the FTMO 200k account price? In this blog post, we will delve into all the details of the FTMO 200k account, including its price, fees, and other important information.

FTMO Challenge Fee - Commissions and Account Prices

Before we dive into the specifics of the FTMO 200k account price, it's important to understand the overall structure of the FTMO challenge. The FTMO challenge is a two-step evaluation process that traders must pass in order to become funded by FTMO. The first step is the Challenge, where traders must trade a simulated account and reach certain profit targets within a set time frame. The second step is the Verification, where traders must repeat the same process on a live account.

To participate in the FTMO challenge, traders must pay a one-time fee. This fee covers both the Challenge and Verification stages, as well as access to the FTMO platform and resources. The fee varies depending on the account size chosen by the trader. Currently, there are three account sizes available - $10,000, $100,000, and $200,000. The prices for these accounts are $155, $305, and $485 respectively. These prices may seem steep, but they are a small investment compared to the potential profits that can be made with a funded account.

What is FTMO 200k Account Price?

Now that we have a general understanding of the FTMO challenge fee, let's focus on the main topic of this blog post - the FTMO 200k account price. As mentioned earlier, the price for the $200,000 account is $485. This may seem like a large sum of money, but it's important to note that this is a one-time fee and not a recurring cost. Once you have paid the fee, you will have access to the FTMO platform and resources for life.

Account Currency

One important factor to consider when looking at the FTMO 200k account price is the account currency. The FTMO challenge offers accounts in three different currencies - USD, EUR, and GBP. The account currency chosen by the trader will also determine the currency in which profits are split. For example, if you choose a USD account, your profits will be split in USD. This is an important consideration for traders who may prefer to trade in a specific currency or have a preference for profit distribution.

Minimum Deposit

Another important aspect of the FTMO 200k account price is the minimum deposit required to start trading. The minimum deposit for the $200,000 account is $5,000. This means that once you have paid the $485 fee, you will need to deposit an additional $5,000 to start trading. This deposit is fully refundable if you do not pass the Challenge stage. However, if you do pass and become funded, the $5,000 will remain in your account as part of your initial capital.

Instruments

The FTMO 200k account allows traders to trade a variety of instruments, including forex, commodities, indices, and cryptocurrencies. This provides traders with a diverse range of options to choose from and the opportunity to trade their preferred markets. It's worth noting that there are certain restrictions on the maximum lot size for each instrument, which can be found on the FTMO website.

Fees

Apart from the one-time fee and the minimum deposit, there are no other fees associated with the FTMO 200k account. This means that traders do not have to worry about paying any commissions or spreads while trading. However, it's important to keep in mind that there is a profit split between the trader and FTMO, which we will discuss in more detail later in this blog post.

Minimum Trading Days

In order to successfully complete the Challenge stage, traders must reach certain profit targets within a set time frame. For the $200,000 account, the minimum trading days required is 60. This means that traders must trade for a minimum of 60 days before they can pass the Challenge and move on to the Verification stage. This may seem like a long time, but it allows traders to demonstrate consistency and discipline in their trading strategies.

Maximum Daily Loss: $10,000

One of the key rules of the FTMO challenge is the maximum daily loss limit. This means that traders cannot lose more than $10,000 in one day while trading the $200,000 account. If this limit is exceeded, the trader will fail the Challenge and will have to start over. This rule is in place to ensure that traders manage their risk effectively and do not blow up their accounts in one day.

Maximum Loss: $20,000

Apart from the maximum daily loss limit, there is also a maximum loss limit for the entire Challenge stage. For the $200,000 account, this limit is set at $20,000. This means that if a trader's account balance reaches -$20,000 at any point during the Challenge, they will fail and have to start over. This rule is in place to protect both the trader and FTMO from excessive losses.

Profit Split

As mentioned earlier, there is a profit split between the trader and FTMO for all funded accounts. For the $200,000 account, the profit split is 70/30 in favor of the trader. This means that the trader will receive 70% of the profits made while trading the funded account, and FTMO will keep the remaining 30%. It's important to note that this split only applies to profits made above the initial capital of $200,000. The initial capital and any losses incurred during the Challenge stage are not subject to the profit split.

Pros and Cons: 200K Account FTMO Challenge

Now that we have a thorough understanding of the FTMO 200k account price and its features, let's take a look at some of the pros and cons of this challenge.

Pros:

• Opportunity to manage a large account: The $200,000 account size offers traders the chance to trade with a significant amount of capital, which can potentially lead to higher profits.
• No recurring fees: Apart from the one-time fee and minimum deposit, there are no other fees associated with the FTMO 200k account.
• Diverse range of instruments: Traders have the option to trade forex, commodities, indices, and cryptocurrencies, providing them with a diverse range of opportunities.
• Profit split: The profit split of 70/30 in favor of the trader is a generous offer compared to other funded account programs.

Cons:

• High upfront cost: The $485 fee and $5,000 minimum deposit may be a barrier for some traders who do not have the necessary funds.
• Strict rules and limits: The FTMO challenge has strict rules and limits in place to ensure risk management and consistency, which may be challenging for some traders.
• Limited time frame: Traders must complete the Challenge within a set time frame, which may add pressure and stress to their trading.

Who is FTMO 200k Account For?

The FTMO 200k account is suitable for both experienced and aspiring traders who are looking for new challenges and opportunities. It's also a great option for traders who may not have access to large amounts of capital but want to trade with a significant amount of funds. However, it's important to note that the FTMO challenge is not suitable for beginners or traders who do not have a solid trading strategy in place.

Strategy for Winning the 200k FTMO Challenge

Now that we have covered all the details of the FTMO 200k account, you may be wondering what it takes to successfully complete the challenge and become funded by FTMO. While there is no one-size-fits-all strategy for winning the FTMO challenge, here are some tips that can increase your chances of success:

• Have a solid trading plan: Before starting the challenge, make sure you have a well-defined trading plan that includes risk management strategies.
• Be consistent: The FTMO challenge requires traders to trade for a minimum of 60 days, so it's important to maintain consistency and discipline throughout this period.
• Stick to your strategy: Avoid making impulsive trades or deviating from your trading plan. Stick to your strategy and trust the process.
• Manage your risk: As mentioned earlier, there are strict rules and limits in place to ensure risk management. Make sure to adhere to these rules and manage your risk effectively.
• Practice, practice, practice: Before taking on the challenge, it's important to practice and refine your trading skills. This will give you the confidence and experience needed to succeed.

Conclusion

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. While this may seem like a high upfront cost, the potential profits and benefits of being funded by FTMO make it a worthwhile investment for serious traders. The FTMO challenge offers a unique opportunity for traders to showcase their skills and potentially earn a funded account. However, it's important to note that this challenge is not suitable for everyone and requires discipline, consistency, and a solid trading strategy. We hope this blog post has provided you with all the information you need to make an informed decision about the FTMO 200k account.

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