Does FTMO trade real money?
Even in the case of an FTMO Account, the FTMO Trader has access only to a simulated demo account with fictitious capital, i.e. there is no trading with real funds. Therefore, the Trader never gains access to a real "live account" or "margin account" etc.
The payouts are processed within 1-2 business days upon confirming the invoice. You can receive your profits by a regular bank wire transfer, Skrill or cryptocurrencies. We don't charge any commissions for withdrawals.
Conclusion. After a thorough analysis, it is safe to say that FTMO accounts are real and not fake. The company has a legitimate background, transparent terms and conditions, and numerous positive reviews from traders who have successfully used these accounts.
In order to best service our clients, trading in all stages of the evaluation and program between The Funded Trader and the client is via a demo account in a simulated environment. For the avoidance of any confusion, please keep in mind that a Funded Account is a fully simulated account.
In one trading period on FTMO Account, you executed on average 117.9 trades, and we paid you an average of $4,685. However, it's not just about the payouts either. We perceive our project as a support of the whole retail trading industry.
However, unlike some other companies, at FTMO you only pay a one-time contribution and don't have to pay any additional monthly fees.
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.
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.
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.
Can you lose money with a funded trading account?
These firms typically require a high level of experience and expertise, and the failure rate among funded account traders is high. Additionally, losing all your money on a funded account would result in you being responsible for any losses incurred by the firm.
On a funded account, losing a large amount of money does not mean much. Even if it results in losing your funded account, you can still try to pass the evaluation at the same firm again or just join another one. Ultimately, you do not risk much and do not lose much.
According to it, 4% of traders, on average, pass prop firm challenges. But only 1% of traders kept their funded accounts for a reasonable amount of time. While this result is not nearly as bad as the one discussed earlier, it still looks bleak for prospective prop traders. But why is the percentage of failure so high?
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!
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.
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.
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).
In the case of the United States of America, FTMO does not accept clients in Louisiana, South Carolina, Montana, Arkansas, and Delaware. FTMO also does not accept clients – legal persons, who are company trusts.
FTMO Normal Account
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.
The broker/provider charges you a transaction fee whenever you open a trade. In FTMO, commissions for currency pairs are $3/lot, for metals and equity CFDs they are based on percentage/volume.
Can you withdraw money from FTMO account?
You can withdraw your reward anytime between 14 to 60 days from your first trade on your FTMO Account (Profit Split).
We are making you increasingly happy here, too. While in 2020 we paid out a daily average of $39,584, in 2023 it was already $209,973. At the beginning of 2024, the amount we pay out daily exceeded USD 300,000.
After you pass all the Trading Objectives in your FTMO Challenge, you will see a notification in your Account MetriX informing you about your success, and you won't need to trade the account anymore as your Trading Objectives are marked as passed.
We start processing your FTMO Challenge account as soon as we receive the payment. Usually, it does not take us more than a few hours to process an FTMO Challenge account. On rare occasions, it might take us up to 24 hours to create your FTMO Challenge.
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