Reviewed by PropFirm201 Research Team·At a Glance
FTMO Homepage
Pricing & Challenge Types
FTMO Challenge 2-Step (Standard)
2 phases · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Target P2 | Daily Loss | Max DD |
|---|---|---|---|---|---|
| $10,000 | $155 | 10% | 5% | 5% | 10% |
| $25,000 | $250 | 10% | 5% | 5% | 10% |
| $50,000 | $345 | 10% | 5% | 5% | 10% |
| $100,000 | $540 | 10% | 5% | 5% | 10% |
| $200,000 | $1080 | 10% | 5% | 5% | 10% |
FTMO Challenge 2-Step (Aggressive)
2 phases · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Target P2 | Daily Loss | Max DD |
|---|---|---|---|---|---|
| $10,000 | $250 | 20% | 10% | 10% | 20% |
| $25,000 | $345 | 20% | 10% | 10% | 20% |
| $50,000 | $540 | 20% | 10% | 10% | 20% |
| $100,000 | $1080 | 20% | 10% | 10% | 20% |
FTMO Challenge 1-Step
1 phase · 90% profit split · Scaling available
| Account Size | Price | Target P1 | Daily Loss | Max DD |
|---|---|---|---|---|
| $10,000 | $155 | 10% | 5% | 10% |
| $25,000 | $250 | 10% | 5% | 10% |
| $50,000 | $345 | 10% | 5% | 10% |
| $100,000 | $540 | 10% | 5% | 10% |
| $200,000 | $1080 | 10% | 5% | 10% |
FTMO Plans Page
Pros & Cons
Pros
- Industry-leading reputation with 4.8 Trustpilot rating and 40,000+ reviews
- Over $500M paid out to traders since 2015
- Challenge fee refunded with first profit split
- Scaling plan up to $2,000,000 with 90% profit split
- Free unlimited practice trials available
Cons
- Not available to US-based traders
- News trading restricted on funded Standard accounts (2-minute blackout window)
- Weekend holding not allowed on Standard funded accounts
- Pricing is higher than many newer competitors
Trading Rules
About FTMO
FTMO is widely regarded as the gold standard in proprietary trading firms. Founded in 2015 and headquartered in Prague, Czech Republic, FTMO has built a reputation as the most trusted prop firm in the industry. The company has paid out over $500 million to traders across more than 140 countries and employs a team of over 300 people.
What sets FTMO apart is its track record of consistency and reliability. With a 4.8 out of 5 Trustpilot rating from over 40,000 reviews, FTMO has the highest trust score of any prop firm in the industry. The company offers a straightforward evaluation process, transparent rules, and reliable bi-weekly payouts that have never been interrupted since the firm's inception.
FTMO caters primarily to forex, indices, and commodities traders and offers both 1-step and 2-step evaluation models. Their scaling plan allows traders to grow their accounts up to $2,000,000, making it attractive for serious, consistent traders. The firm also provides free unlimited practice trials, performance analytics through their Account MetriX tool, and coaching support in 20 languages.
FTMO is best suited for disciplined traders who value reliability and transparency over the cheapest fees. While their pricing sits in the mid-to-upper range compared to newer competitors, the refundable challenge fee and proven payout history make it a strong value proposition for traders who can pass the evaluation.
How FTMO Works
FTMO offers two main evaluation paths:
2-Step Challenge (Standard and Aggressive):
- Phase 1 - FTMO Challenge: Trade for up to 30 days, hit the profit target (10% Standard / 20% Aggressive), respect the daily loss limit (5% / 10%) and maximum drawdown (10% / 20%), and trade at least 4 days.
- Phase 2 - Verification: Trade for up to 60 days with a reduced profit target (5% Standard / 10% Aggressive) while maintaining the same loss limits. Minimum 4 trading days required.
- Funded Account: Once verified, you receive a funded FTMO Account with an 80% profit split, upgradable to 90% through the scaling plan.
1-Step Challenge:
- Complete a single evaluation phase with a 10% profit target, 5% daily loss limit, and 10% maximum drawdown. Minimum 4 trading days required with no maximum time limit.
- Upon passing, receive a funded account with a 90% profit split.
The challenge fee is refunded with your first successful profit split on the funded account.
Pricing & Plans
| Account Size | Challenge Fee (EUR) |
|---|---|
| $10,000 | €155 |
| $25,000 | €250 |
| $50,000 | €345 |
| $100,000 | €540 |
| $200,000 | €1,080 |
Aggressive accounts cost more at lower sizes: €250 ($10K), €345 ($25K), €540 ($50K), €1,080 ($100K). The maximum account size for Aggressive is $100K (vs. $200K for Standard).
All challenge fees are refundable upon your first successful profit withdrawal from the funded account. FTMO regularly offers discount codes providing 10-20% off challenge fees.
Rules & Restrictions
- Maximum Daily Loss: 5% of the account balance (Standard) or 10% (Aggressive). Resets daily based on the higher of starting equity or balance. Unrealized floating profits that reverse count against the daily limit.
- Maximum Overall Loss: 10% (Standard) or 20% (Aggressive) of the initial account balance.
- Minimum Trading Days: 4 days per phase.
- Maximum Trading Days: 30 days (Phase 1), 60 days (Phase 2) for the 2-Step. No time limit on the 1-Step.
- News Trading: Allowed during evaluation. On funded Standard accounts, no trades can be opened or closed within 2 minutes before or after major economic news releases.
- Weekend Holding: Allowed during evaluation. On funded Standard accounts, all positions must be closed before market close on Friday. Swing accounts have no weekend restrictions.
- Expert Advisors: Allowed.
- Scalping: Allowed.
- Hedging: Allowed within the same account.
- Copy Trading: Not allowed from other FTMO accounts or external signal providers.
Payouts
- Frequency: Bi-weekly (every 14 days).
- Profit Split: 80% initially, increasing to 90% through the scaling plan.
- Methods: Bank transfer, Skrill, or cryptocurrency.
- Processing Time: 1-3 business days after request.
- Challenge Fee Refund: Included with the first profit split.
Scaling Plan
To qualify for account scaling, traders must achieve a 10% profit over a 4-month period while maintaining profitability in at least 2 of those months. Upon meeting these criteria, the account balance doubles (up to a $400K maximum per account). The profit split also increases to 90% at the highest scale level. FTMO allows combined capital of up to $2,000,000 per trader.
Is FTMO Legit?
FTMO is one of the most legitimate and established prop firms in the industry. Key trust signals include:
- 9+ years of operation since 2015, one of the longest track records in the industry.
- $500M+ paid out to traders worldwide.
- 4.8/5 Trustpilot rating from over 40,000 reviews, the highest of any prop firm.
- Registered company (FTMO s.r.o.) in the Czech Republic with a transparent corporate structure.
- 300+ employees in their Prague headquarters.
- Consistent payout history with no reported interruptions.
FTMO has faced minimal controversy compared to many competitors. The main criticism has been the restriction on US-based traders, which is due to regulatory considerations rather than any negative business practice.
FAQ
What is FTMO?
FTMO is a proprietary trading firm based in Prague, Czech Republic, founded in 2015. It provides traders with funded accounts of up to $200,000 after passing a two-phase or one-phase evaluation challenge. Traders keep up to 90% of the profits they generate.
How much does FTMO cost?
FTMO challenge fees range from €155 for a $10,000 account to €1,080 for a $200,000 account. All fees are refundable with your first successful profit withdrawal from the funded account.
What is FTMO's profit split?
FTMO offers an 80% profit split on funded accounts, which increases to 90% through their scaling plan. The 1-Step challenge starts directly at 90%.
Does FTMO allow EAs/bots?
Yes, FTMO allows the use of Expert Advisors (EAs) and automated trading strategies on all account types.
Is FTMO available in the US?
No, FTMO does not currently accept traders based in the United States due to regulatory restrictions.