How much money does FTMO give you?
The default payout ratio for all FTMO Traders is set to 80%, however, an 80% share is not where we draw the line. All FTMO Traders can request payout on-demand. The payout can be processed just after 14 days, but you also have the ability to choose your own Profit Split Day, which can be even changed up to three times.
Clients are entitled to up to 90% of profits generated on an FTMO Account. If you wish to trade with a higher account balance, you can simply apply for another FTMO Challenge. Each FTMO Challenge needs to be traded from the beginning, regardless of whether you have passed one in the past.
FTMO's payout process is straightforward and transparent. Once a trader successfully completes the Challenge and Verification phases, they are eligible to receive a funded account with FTMO. The funded account comes with a profit split of 70/30, where the trader receives 70% of the profits made while FTMO retains 30%.
With FTMO, once you get to the FTMO Trader stage you can receive real rewards for your performance. You can withdraw your reward anytime between 14 to 60 days from your first trade on your FTMO Account (Profit Split).
In conclusion, the FTMO 200k account price is $485, which covers the one-time fee for the Challenge and Verification stages. Traders must also deposit a minimum of $5,000 to start trading the $200,000 account.
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!
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.
For a Normal risk account type, the limit is set at 5% of the initial balance. Let's take the Normal risk account with the 5% limit as an example. If you have a $200,000 FTMO Account, you must never exceed the total equity loss of $10,000 in one day.
Loss of the FTMO Trading Account: FTMO sets maximum drawdown limits that traders must adhere to. If your account balance falls below this limit due to trading losses, FTMO may terminate the trading account, and you would no longer have access to their capital.
Please note that FTMO does not provide services to persons in/from (both nationals and residents) Iran, Syria, Myanmar, North Korea and USA, persons listed on sanction lists, persons with criminal records related to financial crime or terrorism, and persons previously banned because of breach of contract.
Is prop firm really paying?
One of the most common questions asked by those interested in prop trading is whether or not prop traders actually make money. The short answer is yes, they do. However, it's important to understand that prop trading, like any other form of trading, comes with its own set of risks.
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).
If we discover identically traded strategies through various accounts, and exceeding the total of $400,000 in active FTMO Accounts, we reserve the right to suspend those accounts as per the contract.
The FTMO challenge has a reputation for being extremely difficult to pass. Across FTMO's various account levels, it is estimated that only around 10% of traders are able to successfully complete the evaluation and become a funded trader. This means approximately 90% of those who attempt the challenge end up failing.
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.
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)
The FTMO Normal account is the most popular account type offered by the company. It requires a minimum deposit of $10,000, and traders can trade up to $100,000 in capital. The profit split for this account is 70/30, meaning that traders keep 70% of their profits, while the remaining 30% goes to FTMO.
Please bear in mind that you are solely responsible and liable for the payment of any and all taxes, levies, or fees that apply to you in relation to the FTMO Account Agreement under the applicable laws and regulations.
Having successfully operated since 2015, we provided thousands of clients with their FTMO Accounts, and in total, we have paid out over $160 million. We've also been featured in Forbes and awarded by Deloitte and EY multiple times.
In the case of the United States of America, FTMO does not accept clients in Louisiana, South Carolina, Montana, Arkansas, and Delaware.
How much should I risk on a funded account?
How much should you be risking per one trade? In most textbooks and online education programs, you will learn that you should not be risking more than 2% per one trade.
Additionally, losing all your money on a funded account would result in you being responsible for any losses incurred by the firm. This could potentially put you in a difficult financial situation.
The FTMO Challenge stage has reasonable rules, where the Profit Target is in balance with the drawdown we allow you to take. We call these rules Trading Objectives. There is no time limit within which you need to pass the Profit Target, the Trading Period is indefinite.
In what appears to be related to the latest MetaQuotes crackdown on the proprietary trading landscape, prop firm FTMO has stopped onboarding US clients, Finance Magnates has learned. New traders attempting to register from a US IP address were unable to complete the registration form.
- Axi Select.
- FTMO.
- The Forex Funder.
- E8 Markets.
- True Forex Funds.
- The 5%ers.
- Funded Next.
