FTMO
FTMO is the most established prop trading firm in the industry, known for its rigorous two-step evaluation and reliable payouts. Based in Prague, it has funded tens of thousands of traders worldwide.
Key Facts
Scores Breakdown
Overall Score
Based on pricing, platforms, rules, payouts, and reliability
Challenge Options
| Type | Account Size | Price | Profit Target | Max Loss | Daily Loss | Profit Split | Duration |
|---|---|---|---|---|---|---|---|
| FTMO Challenge | $10,000 | $155 | 10% (Step 1), 5% (Step 2) | 10% | 5% | 80% | 30 days (Step 1), 60 days (Step 2) |
| FTMO Challenge | $25,000 | $250 | 10% (Step 1), 5% (Step 2) | 10% | 5% | 80% | 30 days (Step 1), 60 days (Step 2) |
| FTMO Challenge | $50,000 | $345 | 10% (Step 1), 5% (Step 2) | 10% | 5% | 80% | 30 days (Step 1), 60 days (Step 2) |
| FTMO Challenge | $100,000 | $540 | 10% (Step 1), 5% (Step 2) | 10% | 5% | 80% (up to 90%) | 30 days (Step 1), 60 days (Step 2) |
| FTMO Challenge | $200,000 | $1,080 | 10% (Step 1), 5% (Step 2) | 10% | 5% | 80% (up to 90%) | 30 days (Step 1), 60 days (Step 2) |
Trading Rules
- 1Must trade at least 4 days in each evaluation phase
- 2Maximum daily loss of 5% of initial balance
- 3Maximum overall loss of 10% of initial balance
- 4Profit target: 10% in Step 1, 5% in Step 2
- 5No news trading within 2 minutes of major releases
- 6Positions cannot be held over weekends (optional)
Pros & Cons
Pros
- Most established and trusted prop firm in the industry
- Free retries if you fail but show consistent trading
- Scaling plan up to $2,000,000 account size
- Profit split up to 90% for consistent traders
- Wide range of platforms including cTrader and DXtrade
Cons
- Two-step evaluation takes longer than one-step alternatives
- Challenge fees are higher than some competitors
- No swap-free accounts available
- Strict trading rules may limit some strategies
Full Review
FTMO is widely regarded as the gold standard in the prop trading industry. Founded in 2015 in Prague, it pioneered the challenge-based funding model that most competitors have since adopted.
The evaluation process consists of two steps. In Step 1, traders must achieve a 10% profit target within 30 days while respecting a 5% daily loss limit and 10% maximum loss. Step 2 requires a 5% profit target within 60 days under the same risk rules. Once verified, traders receive a funded account with an 80% profit split, which can scale to 90%.
FTMO's biggest strength is its reliability. The firm has paid out hundreds of millions in profits and has a proven track record. Their customer support is responsive, and the platform options are excellent, including MT4, MT5, cTrader, and DXtrade.
The scaling plan allows traders to grow their accounts up to $2,000,000, and consistent performers receive free retry opportunities. The main drawback is the price of entry and the two-step process, which takes longer than some one-step alternatives now available.
Ready to Start Trading with FTMO?
Challenges from $155 · Up to 80% (up to 90%) profit split · Bi-weekly (every 14 days) payouts
Disclaimer
Prop trading firms are not regulated financial institutions. Challenge fees are non-refundable in most cases. Past performance of funded traders does not guarantee future results. Always read the full terms and conditions before purchasing a challenge. This review is for informational purposes only and does not constitute financial advice.