FTMO
VerifiedThe firm the rest of the industry copied
Trust score
Fair
- Challenges from
- $155
- Max funding
- $200K
- Profit split
- 80%
- Max drawdown
- 10%
- Max leverage
- 1:100
- Payout cycle
- Every 2 weeks
Pros & cons
What we like
- Trading since 2015 — the longest unbroken payout record in the industry
- Bought the broker OANDA in 2026, which few competitors could finance
- No minimum trading days and no time limit on either phase
- Fee refunded with your first payout
- Free retry if you hit the target but miss another objective
What to watch
- 80% base split is below what most newer firms offer
- Among the most expensive fees per dollar of allocation
- Standard accounts block news trading and weekend holding
- No longer accepts traders resident in the United States
Targets & limits by challenge
| Challenge | Profit target | Daily drawdown | Max drawdown |
|---|---|---|---|
| FTMO Challenge 2-Step | 10% / 5% | 5% | 10% |
Challenges & pricing
FTMO Challenge Most popular
2-Step Evaluation · 80% split · 10% max drawdown
| Account size | Price | Cost per $1K | Phase 1 target | Phase 2 target | Daily drawdown | Max drawdown |
|---|---|---|---|---|---|---|
| $10K | $155 | $15.50 | 10% | 5% | 5% | 10% |
| $25K | $250 | $10.00 | 10% | 5% | 5% | 10% |
| $50K | $345 | $6.90 | 10% | 5% | 5% | 10% |
| $100K | $540 | $5.40 | 10% | 5% | 5% | 10% |
| $200K | $1,080 | $5.40 | 10% | 5% | 5% | 10% |
“Cost per $1K” is the evaluation fee divided by buying power — the only fair way to compare challenge prices across different account sizes.
What's allowed
Expert advisors (EAs)
Automated strategies and bots
High-frequency trading
Scalping and latency-sensitive strategies
Copy trading
Mirroring trades across accounts
News trading
Holding through high-impact releases
Weekend holding
Carrying positions over the weekend
Martingale
Adding to a losing position to recover it
Crypto instruments
Trading crypto pairs
What the account comes with
Consistency rule
Caps how much of your profit may come from a single day
Refundable fee
Evaluation fee returned on first payout
Free retry
A second attempt at no cost if you breach
Scaling plan
Account grows as you stay profitable
Free trial
Try the platform before paying for an evaluation
Instruments and assets
Assets
The rules in full
The clauses that decide whether you keep the account. Quoted from FTMO's own terms — check the current version before you trade.
8 rules here break the account
Breaking one of these fails the evaluation or voids a payout outright.
General
-
No time limit and no minimum trading days
Neither phase expires, and there is no requirement to trade a set number of days. You can pass in a week or take a year.
Risk & drawdown
-
Static drawdown of 10%
Breaks the accountLoss limit is fixed against the starting balance for the whole evaluation. Breaching it ends the account immediately, whether or not the position later recovers.
-
Daily loss limit of 5%
Breaks the accountMeasured from the balance at the daily reset. Floating losses on open positions count toward it the moment they occur, not when the trade is closed.
Trading style
-
No trading around high-impact news
Breaks the accountPositions may not be opened or closed within a few minutes either side of a red-folder release. Trades that breach the filter are removed from your result and can void a payout.
-
Swing accounts remove the news and weekend restrictions
The standard account blocks trading around high-impact news and holding over the weekend. The Swing variant allows both, at lower leverage. It is a different product, not a setting you can change later.
-
Expert advisors are allowed
Automated strategies may be used, provided they do not exploit latency, pricing errors or the demo feed.
-
All positions must be closed before the weekend
Watch outAnything still open at the Friday close is flattened by the risk desk, and the resulting loss counts against you.
Instruments
-
Crypto trades at reduced leverage of 1:2
Crypto is available outside market hours, but at a fraction of the leverage offered on FX and it is excluded from any news-trading exemption.
-
Maximum leverage of 1:100
This is the headline figure and applies to FX. Indices, commodities and crypto are each capped lower — see the instruments table for the class you trade.
Payouts
-
Payouts every 14 days
The cycle runs from your last approved request, not from the calendar month. A request made early resets the clock rather than bringing the next one forward.
-
First payout after 14 days
Watch outCounted from the day the funded account is issued. Completed KYC is required before the first request is released.
-
A rule breach voids the payout attached to it
Breaks the accountRequests are reviewed against the trading rules before release. A confirmed breach voids that payout, and repeat breaches close the account.
-
The fee comes back with your first payout
The evaluation fee is refunded alongside your first withdrawal from the funded account, which makes the real cost of passing zero.
Account management
-
One funded account per trader
Breaks the accountAccounts linked by identity documents, payment method, IP address or trading pattern are treated as one. Undisclosed duplicates are closed and their profit forfeited.
-
The account may not be shared or managed by anyone else
Breaks the accountYou must trade the account yourself. Handing credentials to a third party, including an account manager, ends the arrangement.
Prohibited practices
-
High-frequency and latency arbitrage are prohibited
Breaks the accountStrategies that depend on execution speed, price-feed delay or tick scalping are treated as exploiting the platform rather than trading it.
-
Copy trading between accounts is not allowed
Breaks the accountMirroring trades across accounts, your own included, is grounds for closure of every linked account.
-
Martingale and grid strategies are prohibited
Watch outDoubling into a losing position, or layering a grid without a defined stop, counts as a prohibited risk strategy.
Instruments & conditions
Leverage and commission differ by asset class — the headline figure rarely applies to everything.
| Instrument | Max leverage | Typical spread | Commission |
|---|---|---|---|
| Forex | 1:100 | 0.2 pips | $7.00 / lot |
| Indices | 1:20 | 0.4 pips | Commission free |
| Crypto Trades around the clock, including weekends | 1:2 | 25 pips | 0.1% |
| Gold & metals | 1:50 | 0.25 pips | $5.00 / lot |
| Stocks | 1:5 | 0.1 pips | 0.02% |
| Commodities | 1:20 | 0.3 pips | $3.50 / lot |
Not offered: Futures
Restricted countries
FTMO does not accept traders resident in these 10 countries. Check before you pay — a challenge fee is rarely refunded for this.
- Afghanistan
- Belarus
- Cuba
- Iran
- Myanmar
- North Korea
- Russia
- Syria
- United States
- Venezuela
Restrictions change without much notice and often depend on where you are resident rather than your nationality. Confirm with FTMO directly if you are close to the line.
About FTMO
Leadership
Otakar Šuffner
Co-founder & CEO
Co-founded FTMO in Prague in 2015 with Marek Vašíček, after the pair concluded that their own trading was limited by capital rather than by edge. Holds a degree in banking and insurance and a master's in economics from the University of Economics, Prague.
A named, findable person is one of the few cheap signals that a firm is a real company.
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