FAQs
FTMO developed a unique 2-step Evaluation Process for traders. This Evaluation Process consists of an FTMO Challenge and a Verification and is specifically tailored to discover trading talents.
What happens when you pass phase 1 of FTMO? ›
After you pass all the Trading Objectives in your FTMO Challenge, you will see a notification in your Account MetriX informing you about your success, and you won't need to trade the account anymore as your Trading Objectives are marked as passed.
Is FTMO 2-step? ›
FTMO is a project looking for experienced clients with trading experience. To ascertain if a client has all the qualities we seek, we developed a 2-step Evaluation Process, which consists of FTMO Challenge and Verification stages.
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.
How many people fail FTMO? ›
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.
Can I pass FTMO challenge in one day? ›
The minimum time to complete an FTMO Challenge is 4 trading days.
How fast does FTMO pay out? ›
The payouts are processed within 1-2 business days upon confirming the invoice. You can receive your profits by a regular bank wire transfer, Skrill or cryptocurrencies. We don't charge any commissions for withdrawals.
Why is 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.
What is Phase 2 of FTMO challenge? ›
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.
Which prop firm has no time limit? ›
Prop firms with no time limit typically provide traders with access to a trading account funded by the firm's capital. Traders are then free to execute trades using the provided capital, with the profits shared between the trader and the firm according to predefined terms and conditions.
How to Pass the FTMO Challenge: Risk Reward Ratio 1:3. The first step in this system is to use a risk-reward ratio of 1:3. This means that for every trade you make, you should risk 1% of your account and target 3% of your account. For example, if you have a $10,000 account, you should risk $100 and target $300.
How long will FTMO last? ›
The Premium Programme is tied to a specific order and is not limited by time. 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.
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.
Why are prop firms getting shut down? ›
Prop trading firms have been shutting down or suspending their services, particularly to U.S.-based clients, because of a crackdown from MetaQuotes, the company behind the popular MetaTrader trading platforms.
What is the best prop firm in the US? ›
#1 – Funder Trading
Funder Trading stands first in our list of the top prop trading firms in 2024 due to multiple reasons but notably it is the only prop trading firm that offers options funding and includes coaching for every trader signed up.
Is TopStep better than FTMO? ›
Features Comparison: TopStep vs FTMO
Range of Markets: FTMO offers a wider range of trading instruments compared to TopStep's focus on futures. Profit Sharing: FTMO tends to offer a higher profit share ratio. Educational Support: TopStep provides more structured educational content, especially for futures trading.
Is there a free FTMO challenge? ›
If you are able to repeatedly pass our Free Trial, then there are chances you can succeed in the full FTMO Challenge as well. This should encourage you to start your journey to become one of our FTMO Traders. Please note that Free Trials don't give you any eligibility to automatically secure your FTMO Account.
