Before you can trade on a demo FTMO Account, 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 demo 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
Even though FTMO Traders trade with fictitious capital only, they are entitled to obtain a reward in the form of real money if they can generate “profit” on an FTMO Account.
Is FTMO training free? ›
Education is the key. We created the free FTMO Academy to provide everyone with basic and advanced knowledge as education is crucial to your trading success.
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.
Why was 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.
Is there a monthly fee for FTMO? ›
No, we don't charge any additional or hidden fees. The one-time fee for an FTMO Challenge covers it all, including the Verification, there are absolutely no recurring fees with us.
How much will FTMO payout in 2024? ›
Also, the amounts we pay out to our traders are very interesting. We are making you increasingly happy here, too. While in 2020 we paid out a daily average of $39,584, in 2023 it was already $209,973. At the beginning of 2024, the amount we pay out daily exceeded USD 300,000.
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).
What is the passing rate for 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.
What if I lose money in FTMO? ›
When you lose an FTMO challenge, you won't actually be losing something except for the fee amount that you paid for the challenge. However, you won't be able to continue with the challenge and your eligibility would be lost.
Why is MT4 banned in the US? ›
The two MetaTrader apps were banned on Apple's App Store in 2022 for their alleged use by fraudsters targeting the US citizens and residents.
FTMO offers its traders the most popular trading platforms, MetaTrader 4 and 5, as well as cTrader.
What does FTMO stand for? ›
The name of the company FTMO consists of the first letters of the names of four people (Filip, Tomáš, Marek, Otakar) who worked for the company at the time when the company decided to expand beyond the borders of the Czech Republic. Three of them are currently represented by the company's top management.
Is FTMO no longer available in the US? ›
FTMO just banned US citizens: USA update – January 2024: Since the establishment of our company, our goal has been to provide top-quality services for our clients. Unfortunately, at present, we are not able to do that in the United States due to specific conditions in the market segment there.
Which countries are not allowed to join FTMO? ›
Due to business decisions based on risk management considerations, FTMO does not provide services to clients in Afghanistan, Antarctica, Antigua and Barbuda, the Republic of Belarus, Belize, Bhutan, Bouvet Island, Burundi, Cape Verde, Central African Republic, Chad, Cook Islands, Comoros, Republic of the Congo, Cuba, ...
Which prop firm is the best? ›
The most popular prop trading firms and funded programmes
- Axi Select.
- FTMO.
- The Forex Funder.
- E8 Markets.
- The 5%ers.
- Funded Next.
- Funded Trading Plus.
Payout requests submitted between Friday 12 pm (noon – CE(S)T) and Monday 12 pm (noon – CE(S)T) will be processed on Monday. Be aware that a final payout in cryptocurrency can vary, depending on the market exchange rate of the selected cryptocurrency at the time of processing the payout.
How much can you earn with FTMO? ›
If we consider the 1: 1 fixed money management rule, we can expect earnings around $20 per trade. In order to reach the average monthly salary ($1,500), you need 75 profitable trades.
What is the success rate of 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.
Is FTMO a trustworthy company? ›
FTMO is generally considered a legitimate prop firm, but it's essential to do your own research based on the trading strategies you would like to use. However, I recommend considering True Forex Funds as a reliable alternative for trading.
