Start FTMO Challenge (2024)

FAQs

How to start the FTMO challenge? ›

After you sign up for FTMO, you may apply for an FTMO Challenge by configuring your account parameters here: https://trader.ftmo.com/start-challenge. After you submit the order form, you will be redirected to the payment page and you will also receive the order confirmation email.

We offer a Free Trial account, which is an abridged version of an FTMO Challenge.

FTMO has various benefits that new traders can leverage to learn and become a pro. However, you'll only start earning after you prove you are disciplined and can manage your given amount carefully.

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.

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.

There is no time limit within which you need to pass the Profit Target, the Trading Period is indefinite. As soon as all the Trading Objectives of your FTMO Challenge are met and your results are reviewed, you can proceed to the Verification phase. The minimum time to complete an FTMO Challenge is 4 trading days.

The Profit Split on an FTMO Account is done on a monthly basis by default, with the option to place a payout on-demand after a period of 14 calendar days from the first placed trade on the account.

However, unlike some other companies, at FTMO you only pay a one-time contribution and don't have to pay any additional monthly fees. When you pass our Evaluation Process and get an FTMO Account, we refund this fee so you will be actually only trading with our money.

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. What leverage is FTMO?

However, the FTMO Trader will receive a real financial reward for his trading on the FTMO Account, as long as his trading is profitable and there is no violation of the contractual conditions.

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).

Every trader who is able to obtain an FTMO Account can count on a payout ratio of 80% (80 percent of the profits made goes to the trader).

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)

The FTMO challenge has a reputation for being extremely difficult to pass. Across FTMO's various account levels, it is estimated that only around 10% of traders are able to successfully complete the evaluation and become a funded trader. This means approximately 90% of those who attempt the challenge end up failing.

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.

We start processing your FTMO Challenge account as soon as we receive the payment. Usually, it does not take us more than a few hours to process an FTMO Challenge account. On rare occasions, it might take us up to 24 hours to create your FTMO Challenge.

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.

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 summary is updated; however, rules frequently change. Always confirm rules with your prop firm. 💰 Fees: The FTMO Challenge with an initial capital EUR 10k balance costs €155; 25k balance for €250; 50k balance for €345; 100k balance for €540; 200k balance for €1080; Scaling plan up to $2 million.