Who can join FTMO? (2024)

FAQs

What are the qualifications for FTMO? ›

No specific qualifications are required. All clients must be over the age of 18.

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.

FTMO Challenge Rules

Key rules include: Profit Target: Achieve a certain profit target, usually 10% for the Challenge and 5% for the Verification. Maximum Daily Loss: The maximum amount you can lose in a single day, typically 5% of your initial account balance.

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.

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.

A prop trading-focused account pondered if the step "could be due to the migration of US traders to DXtrade," echoing the upheaval the nascent sector is undergoing since MetaQuotes has decided to pull the plug on its funded trading clients accepting US clients, due to regulatory concerns.

Are there any sites like FTMO? Yes, there are many sites offering similar services to FTMO. 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.

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.

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.

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 is the best funded trader program? ›

In most discussions, articles and tutorials, you will find information that a trader should not risk more than 1% of his account size on a single trade. No matter how big an account you trade on, this one percent is the mantra that many traders follow.

Be reminded that if your Stop Loss or Take Profit is activated/filled during the restricted time window of 2 minutes before until 2 minutes after, it may be taken as a violation of the FTMO Account Agreement. Other non-targeted instruments can be traded normally. E.g.

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).

Required documents include: Government-issued ID: Passport or ID card showing nationality.

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.

What is the FTMO minimum deposit? Your capital is at risk. The FTMO minimum deposit is €155, which is refundable in the first profit split when you become an official FTMO trader. The split ratio between the trader and FTMO is set at 80:20; however, this isn't cast in stone.

FTMO is an international proprietary trading company with minimum deposit (subscription fee) is €155 for $10K accounts with standard profit share is 80/20. The maximum FTMO fee is €1080 for a $200K account.