FTMO - Moderne Prop Trading (2024)

FAQs

How many FTMO traders fail? ›

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 September 2023, Forex Prop Firm published their challenge passing rates, revealing that only 10.59% of participants were able to pass the first level, and a mere 9.26% qualified for the advanced pro level.

They're given harsh targets, limited time, no support, and huge leverage – a perfect storm! It's not surprising that 95% of traders fail their challenges!

These include FunderPro, SabioTrade, the5ers and many more. If you are looking for an alternative to FTMO, FunderPro is currently rank as the number one on the list of top Forex Prop Firms.

Dariusz from the USA exceeded everyone's expectations and made his dreams come true. As our FTMO Trader with a maximum allocation, he beat the previous record payout of $500,180 thanks to his profit of $1,206,225, the biggest payout in the industry! Huge respect for Dariusz.

You can see that XAUUSD is the most popular symbol followed by US30. cash and currency pair EURUSD in third place. It means that these symbols are predominant in regards to trading volume compared to others. In the Trending Symbols section you can find the change in popularity for each symbol.

To successfully complete a 10K prop firm challenge, you must manage consistent risk on every trade and protect the prop firm's capital. Finally, utilize the no-time limit evaluation rule to trade slowly and meet the profit targets.

Lack of Preparation

Most traders fail because they do not invest enough time and effort in learning about the markets and trading strategies. They enter the market without a proper plan or strategy, which leads them to make poor decisions and lose money.

Prop Firm Trader Salary

The salary of a prop trader can vary greatly depending on several factors such as experience, performance, and the size of the firm. On average, a junior prop trader can expect to earn anywhere between $50,000 to $100,000 per year, while a senior trader can make upwards of $500,000 annually.

Can you make a living trading for a prop firm? ›

As a result, anyone can be profitable as a prop trader because profitability is linked to their experience and skills, strategy, and ability to generate gains by trading in the market with the firm's capital.

FTMO have told us that 92% of traders fail their challenge (10% in one month). Not sure about the verification stage where you need to make 5% in 2 months. {quote} FTMO have told us that 92% of traders fail their challenge (10% in one month).

Yes, FTMO is a legitimate company that has been proven to pay their traders well and on time. But it depends on what your definition of “legit” is… Many traders fail the FTMO Challenge (in fact, about 92% of traders who sign up for it fail), and then blame the company for not being “legit” or being a “scam”.

MetaTrader is the most widely used program among forex traders, and that applies to FTMO traders as well. The program's environment is intuitive and straightforward, however, its modifiability gives modders space to make it even better and user-friendly.

For example, we can generally recommend to our FTMO Traders not to risk more than 1% per trade idea to help them with adopting safe risk management principles.

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) You breach the contractual requirements of the Premium Programme.

At FTMO, we understand that market conditions might vary and that's why we offer our traders a generous 10% Maximum Loss buffer and 5% Maximum Daily Loss.

According to research, the consensus in the forex market is that around 70% to 80% of all beginner forex traders lose money, get disappointed, and quit. Generally, 80% of all-day traders tend to quit within the first two years.