FTMO
FTMO has been around since 2015 — which means they've survived two regulatory crackdowns, a MetaQuotes licensing crisis, and enough industry collapses to fill a separate article. Nobody writes angry Reddit threads about FTMO anymore. At some point that stops being luck and starts being a track record.
(21% of complaints)
Who Is This Firm For?
About FTMO
Two phases — the FTMO Challenge and Verification. Accounts up to $400K. Profit split up to 90%. Clean T&Cs, low hidden rules score, and a community that's been around long enough to have actual institutional memory. If you're looking for a benchmark against which to measure every other firm on this site, FTMO is it.
- Founded
- 2015
- Max Allocation
- $400,000
- Leverage
- 1:100
- Commissions
- $3/lot
Pros
- - Industry benchmark for 11 years — the firm every other prop firm compares itself to on their homepage
- - 4.8/5 on Trustpilot with 42,188 reviews and 92% five-star — the cleanest trust profile in the industry
- - Hidden Rules Meter 1.7/10 — rules are clear, documented and written where you can find them before you pay
- - No time limit on either model — trade at your own pace without artificial deadline pressure
- - Capital allocation up to $1M with Supreme Prime Status — one of the higher funded limits available
- - FTMO Points system — challenge fees can be converted to points and reused, softening the blow of a failed attempt
Cons
- - $400K standard allocation cap per strategy — traders running multiple accounts with the same strategy hit this limit faster than expected
- - News trading restricted on standard funded accounts — allowed during evaluation but prohibited within 2 minutes before and after high-impact news once funded
- - Very high Crypto commissions per trade
- - Discretionary risk management — FTMO can determine violations at their own discretion, including behavior not explicitly listed in the prohibited practices
not perfect but solid
Came for teh cheap eval, stayed for the surprisingly decent payouts. they honoured a payout even though i fat fingered a lot size, very fair. overnight swaps are charged but they are upfront about the numbers. i never…— Verified Trader (fatima r.) See all reviews
If you're running EAs, check the $400K aggregate strategy cap — it applies across all your accounts combined, not per account. On standard funded accounts, set an alert for 2 minutes before major news releases. If you're near the 8-10% max loss range and not actively trading, the 30-day inactivity clock is running.
Trading Conditions
Drawdown System
- Max Loss: 10% of initial balance
- Daily Loss: 5% of initial balance
- Both models (1-Step and 2-Step): same drawdown parameters
- No time limit on either model
- Loss between 8-10% held for 30+ days without active trading: account may be terminated
- No trade for 30 consecutive days: account suspended
High-Frequency & Fast Trading
- Not Allowed:
- HFT and tick scalping
- Latency arbitrage
- Statistical arbitrage
- Max 2,000 server requests per day (EA users)
- Exploiting platform errors or mis-pricing
- Gap trading
- Martingale and grid strategies
Low Liquidity & Timing
- Standard funded accounts: no trading 2 minutes before/after high-impact news
- Swing accounts: news trading fully allowed on evaluation and funded
- Evaluation (both models): news trading fully allowed
- No specific session restrictions beyond news window
Loss-Chasing & Gambling
- Not Allowed:
- One-sided bets and overleveraging
- Account rolling — buying multiple challenges to sacrifice some while passing others
- Substantially larger position sizes compared to your established pattern
- Substantially different number of positions compared to your pattern
- Repeated high risk per trade idea creating cumulative exposure in correlated symbols
Risk Management
- $400K max capital allocation per strategy (aggregate across all accounts)
- Prime Status: $600K | Supreme Prime Status: $1M
- Same strategy across accounts cannot exceed allocation limit in aggregate
- Switching between EA and manual trading between challenge and funded: not allowed
- Shared device or payment method with another user must be disclosed to FTMO
- Trading data anonymised before sharing with FTMO Group — disclosed in Section 16.3 of Terms
FTMO - Forbidden Trading Practices
The full list is published on FTMO's website & updated from time to time. Core prohibited practices include:
- HFT & tick scalping
- Latency arbitrage & statistical arbitrage
- Martingale & grid strategies
- Gap trading
- Copy trading from third parties
- Exploiting platform errors or mis-pricing
- One-sided bets & account rolling
FTMO reserves the right to update this list & to determine at their discretion whether specific behavior qualifies as a violation — including behavior not explicitly listed. If something feels like gaming the system, it probably is.
News Trading
FTMO allows news trading during evaluation on both models. On standard funded accounts, trading is restricted within 2 minutes before and after high-impact news. Swing accounts have no news trading restrictions on either evaluation or funded stage.
Expert Advisors
EAs are allowed. A few conditions worth knowing:
- Maximum 2,000 server requests per day
- Popular third-party EAs may accidentally exceed the $400K max capital allocation limit across multiple users running the same bot — which can lead to account suspension through no fault of your own
- Switching between EA and manual trading between challenge and funded account is not allowed
Copy Trading
- Between your own FTMO accounts → allowed, subject to the $400K max capital allocation limit
- From third parties → strictly prohibited
- Coordinating trades with other users → not allowed
The Two Models
Everything at FTMO starts with choosing between two evaluation structures — which is either a refreshingly simple decision or proof that 11 years of operation taught them that most traders don't need more than two options.
| 1-Step | 2-Step | |
|---|---|---|
| Phases | 1 | 2 (Challenge + Verification) |
| Profit Target | 10% | 10% / 5% |
| Daily Loss | 5% | 5% |
| Max Loss | 10% | 10% |
| Time Limit | None | None |
| Max Allocation | $400K | $400K |
Both models lead to the same place — the FTMO Trader Program. The 1-Step gets you there faster. The 2-Step gives you a second phase at lower target to confirm consistency before you're funded.
Capital Allocation Limits
- Standard → $400K max per strategy per person
- Prime Status → $600K
- Supreme Prime Status → $1M
The $400K limit applies in aggregate — meaning if you run multiple accounts with the same strategy, the total across all of them cannot exceed $400K. FTMO monitors this & accounts using identical strategies that collectively exceed the limit may be suspended.
Risk Management Rules
FTMO doesn't publish a fixed list of every prohibited strategy — instead they define a framework of what "market standard risk management" looks like & reserve the right to determine violations at their discretion. The practical rules:
- No substantially larger position sizes compared to your other trades
- No substantially different number of positions compared to your pattern
- No repeated high Risk per Trade Idea that creates cumulative exposure in the same or correlated symbols
- No overleveraging, overexposure or one-sided bets
- No account rolling — buying multiple challenges to sacrifice some while passing others
The discretionary element is real — FTMO can determine that certain behavior qualifies as a Forbidden Trading Practice without that specific practice being explicitly listed. This is standard across the industry but worth knowing upfront.
Personal Use & Account Sharing
- Only you can trade your account — no third-party access, no account management services
- No coordinating trades with other users
- Legal entities may only share access with top management — not general employees
- Same device or payment method shared with another user must be disclosed to FTMO
The last point is unusual — FTMO explicitly asks you to notify them if you share a payment method or device with another user. Worth keeping in mind if you're in a household with another trader.
Inactivity Rule
Two separate triggers worth knowing:
- No trade for 30 consecutive days → account suspended
- Loss between 8-10% of initial capital held for more than 30 days → FTMO may terminate the account
The second rule is less obvious & catches traders who are sitting near their max loss limit without actively managing the situation. If your account is bleeding slowly & you're not trading, the clock is running.
FTMO Points
- 1 FTMO Point = €1.00
- Can be used to purchase FTMO services & products
- Cannot be exchanged for cash
- Have an expiration date — visible at purchase & in the User Area
- Awarded through: challenge fee refunds, FTMO Trader Program rewards & affiliate program
The points system is a loyalty mechanism that keeps value within the FTMO ecosystem — you get points back when things don't work out, but they can only be spent on more FTMO services. Useful if you plan to stay, less useful if you're testing the waters.
Data Usage
Section 16.3 of the Terms is worth reading.
FTMO has access to your simulated trading data & shares it with other members of the FTMO Group. This information may be used in connection with trading in financial products or to improve services. Importantly — the data is always anonymised before sharing, which distinguishes FTMO's approach from some other firms that use trading data without this disclosure or this protection.
Withdrawal From Agreement
- 14-day withdrawal right — but only if you haven't opened a first trade
- Opening your first simulated trade waives the withdrawal right immediately
- After first trade → no refund under any circumstances
Standard across the industry — but the 14-day window is real & useful if you change your mind before you start.
Final Take
FTMO's 4.8/5 on 42,188 Trustpilot reviews — with 92% five-star — isn't a marketing number. It's 11 years of consistent payouts, clear rules & a community large enough that most questions have already been answered publicly somewhere.
The structure is familiar, the rules are documented & the discretionary risk management framework is the same one every serious firm uses — FTMO just wrote it down more clearly than most. After all, every other firm compares itself to FTMO on their homepage — which is either the highest compliment in the industry or just proof that being first matters more than most people admit.
Hidden Rules Meter: 1.7/10 — Trust Score: 4.6/5 — Trustpilot: 4.8/5.
Restricted Countries
🇮🇷 Iran 🇸🇾 Syria 🇲🇲 Myanmar 🇰🇵 North Korea 🇮🇶 Iraq 🇸🇴 Somalia 🇸🇩 Sudan 🇸🇸 South Sudan 🇨🇺 Cuba 🇷🇺 Russia 🇧🇾 Belarus 🇻🇪 Venezuela 🇦🇫 Afghanistan 🇦🇮 Anguilla 🇦🇶 Antarctica 🇦🇬 Antigua and Barbuda 🇧🇿 Belize 🇧🇹 Bhutan 🇧🇻 Bouvet Island 🇧🇮 Burundi 🇨🇻 Cape Verde 🇨🇫 Central African Republic 🇹🇩 Chad 🇨🇰 Cook Islands 🇰🇲 Comoros 🇨🇬 Congo 🇩🇯 Djibouti 🇩🇲 Dominica 🇬🇶 Equatorial Guinea 🇪🇷 Eritrea 🇸🇿 Eswatini 🇫🇯 Fiji 🇬🇦 Gabon 🇬🇲 Gambia 🇬🇩 Grenada 🇬🇳 Guinea 🇬🇼 Guinea-Bissau 🇻🇦 Vatican City 🇮🇩 Indonesia 🇰🇿 Kazakhstan 🇰🇮 Kiribati 🇽🇰 Kosovo 🇰🇬 Kyrgyzstan 🇱🇸 Lesotho 🇱🇷 Liberia 🇲🇼 Malawi 🇲🇱 Mali 🇲🇷 Mauritania 🇲🇭 Marshall Islands 🇫🇲 Micronesia 🇳🇷 Nauru 🇳🇪 Niger 🇳🇺 Niue 🇵🇬 Papua New Guinea 🇧🇱 Saint Barthélemy 🇰🇳 Saint Kitts and Nevis 🇱🇨 Saint Lucia 🇻🇨 Saint Vincent and the Grenadines 🇼🇸 Samoa 🇸🇲 San Marino 🇸🇹 Sao Tome and Principe 🇸🇨 Seychelles 🇸🇱 Sierra Leone 🇸🇧 Solomon Islands 🇸🇷 Suriname 🇹🇯 Tajikistan 🇹🇱 Timor-Leste 🇹🇰 Tokelau 🇹🇴 Tonga 🇹🇲 Turkmenistan 🇹🇻 Tuvalu 🇺🇦 Ukraine (partial) 🇺🇿 Uzbekistan 🇻🇺 Vanuatu 🇪🇭 Western Sahara
Features & Support
FTMO 2-Step Challenge
Step 1 10.0%
Step 2 5.0%
1 - Step FTMO Challenge
Step 1 10.0%
Step 2 N/A
FTMO 2-Step Challenge
Step 1 10.0%
Step 2 5.0%
1 - Step FTMO Challenge
Step 1 10.0%
Step 2 N/A
FTMO 2-Step Challenge
Step 1 10.0%
Step 2 5.0%
1 - Step FTMO Challenge
Step 1 10.0%
Step 2 N/A
1 - Step FTMO Challenge
Step 1 10.0%
Step 2 N/A
FTMO 2-Step Challenge
Step 1 10.0%
Step 2 5.0%
FTMO 2-Step Challenge
Step 1 10.0%
Step 2 5.0%
1 - Step FTMO Challenge
Step 1 10.0%
Step 2 N/A
beginner friendly enough
So i finally caved and bought a challenge here after months of lurking. i appreciated that they email you before a rule change instead of springing it. I don't see the point of some of the rules, man. the scaling plan is actually motivating instead of being some impossible carrot on a stick. you can request a payout any day once youre funded, no waiting for some fixed cycle.
smooth from eval to payout
I am a swing trader so the overnight and weekend rules mattered most to me. their mobile app is basic but it does let me check my account on the go. i emailed about a deduction i didnt understand and they explained it within the hour. i moved up an account tier and the upgrade process took all of five minutes. my market orders fill basically where i click, slippage has been almost nothing so far. clean dashboard … clean rules, clean payouts, genuinely impressed.
rules are fair tbh
not gonna lie i went in expecting the worst. getting verified for a payout needed an id and a selfie, standard stuff, painless. the second phase target was lower than phase one which kept me sane. the onboarding walkthrough actually explained the rules instead of dumping a pdf on me. i traded indices mostly and the spreads on those were perfectly fine. had one weird order rejection and they tracked it to a platform bug and credited me back.
no surprises here
Finally pulled the trigger after comparing like six firms on a spreadsheet. partial closes and trailing stops both worked exactly like they should. the weekly market recap they send is actually worth reading. no surprise inactivity fees which i half expected to get hit with. easily the most drama free firm i have traded with.
glad i gave them a shot
Picked these guys mostly because of the discount code floating around. i had a losing month and they did not nuke my account … just the usual rules applied. payout came through with zero fees deducted … what i requested is what i received. i got a partial refund of my fee back with my first payout which i wasnt expecting. if you can trade within the lines this place treats you right.
legit firm, got paid
Bought the cheapest account they had just to test the waters. i never had to chase support, they actually closed my ticket the same day. i appreciated that they email you before a rule change instead of springing it. support speaks actual english and not copy pasted template answers. good enough that i stopped shopping around for alternatives. can you guys get in contact with this firm if I provide an acc number? their customer support hasn't replied in ages.
low key impressed
Heard about them on a youtube review and figured i'd see for myself. i was funded the same day i passed, no waiting around for a manual review for a week. execution during london open has been clean even when spreads widen everywhere else. the mobile app stays synced with desktop so i can check positions on the go without lag. platform hasnt frozen on me once in three months of pretty heavy use. did not expect to stay this long but they keep delivering.
funded in two weeks
decided to try funded trading after years of trading my own cash. i compared them against three others and they had the best balance of price and rules. ive done three withdrawals now and every single one landed on schedule no excuses. they refunded my eval fee when i got funded which was a nice surprise. support answered a dumb question of mine with an actual example instead of a canned reply. still funded … still profitable, still getting paid … that is the test that matters.
pleasantly surprised tbh
honestly just wanted to see if any of these prop firms are legit at all. teh scaling plan is actually motivating instead of being some impossible carrot on a stick. payouts are biweekly on funded accounts which is way better than the monthly firms. can you guys get in contact with this firm if I provide an acc number? their customer support hasn't replied in 7 days. the platform let me set custom alerts which actually helped me stick to my risk plan. dude no regrets, would hand them my eval fee again.
no complaints from me
Got into prop trading last year and have been firm hopping since. got my first payout via crypto and it landed in under an hour after approval. their dashboard is genuinely useful … learned stuff about my own trading just looking at it. i tested the live account against the demo with the same setups and it matched. they honoured a payout even though i fat fingered a lot size, very fair. not the cheapest … not the flashiest … just reliable … and that is enough.
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