FTMO
PROP FIRM OVERVIEW:
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Key Highlights:
- Trade Without Time Limits in the FTMO Challenge & Verification!
- Get Your Challenge Fee Refunded with Your First Profit Withdrawal!
- Comprehensive Support: Free Trial, Performance Coaches & 24/7 Multilingual Assistance!
- Challenge Duration: No Time Limit
pros summary:
• Flexible Evaluation Process with No Time Constraints
• Opportunity for Professional Career Advancement
• Extensive Educational and Support Resources
Cons summary:
• Challenging Evaluation with Specific Trading Objectives
• No Reward for Simulated Profits During Evaluation
• Strictly Simulated Trading Environment
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A Closer Look at the FTMO Challenge Rules
For any trader conducting an FTMO review, understanding the specific trading conditions is essential. The FTMO prop firm has established clear guidelines to ensure fair and consistent trading, especially once you acquire an FTMO funded account. Below is a summary of the key FTMO challenge rules you need to know.
- Australian Traders: Clients from Australia can access all services through FTMO's affiliated local entity.
- News Trading: Trading around high-impact news is permitted during the evaluation phase of the FTMO challenge. However, for funded, non-swing accounts, opening or closing trades within the two-minute window before or after major news events is not allowed.
- Weekend & Third-Party Trading: Holding trades over the weekend is prohibited for funded non-swing accounts. Additionally, all trading on your account must be performed by you; third-party trading is strictly forbidden.
- Capital and Position Sizing Limits: A maximum capital allocation of $400,000 is enforced per person per strategy. Exceeding this limit with identical strategies can lead to suspension. Traders must also maintain consistency in their position sizes and avoid opening trades that are significantly larger or different from their usual activity.
- Prohibited Practices: FTMO reserves the right to identify and prohibit any trading practices or strategies it deems inappropriate. Furthermore, traders are not allowed to open multiple profile accounts.
- Copy Trading: Copy trading is permitted under FTMO's guidelines.
- Activity Requirements: To pass the evaluation, you must trade for a minimum of 4 days. To keep your account active, at least one trade must be opened every 30 days. If you cannot trade, you can request to freeze your account for up to six months to prevent termination.
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"For a quick comparison of these regulations with other firms, please see our main prop firm rules summary page."
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FTMO's Profit Split and Scaling Plan
A critical part of any FTMO review is understanding the profit structure available to successful traders. Once you pass the FTMO challenge and begin trading on an FTMO funded account, you are entitled to a generous 80% profit split on all your earnings.
For traders who demonstrate consistent success, the FTMO prop firm offers a clear path to even greater rewards through its Scaling Plan.
Scaling Plan Requirements: To qualify for an account scale-up, a trader must meet the following criteria over a four-month period:
- Generate at least 10% in total net profit.
- Process a minimum of two payouts.
- Maintain a positive account balance at the time of the review.
Benefits of Scaling: Successfully meeting these conditions unlocks significant advantages, including:
- An upgraded and permanent profit split of 90%.
- Increased account capital, with a maximum scale-up cap of $2 million.
- The opportunity for continuous capital increases as long as the performance criteria are met.
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