FTMO Funded Trader Knowledge Base
FTMO FAQ: Challenge, Verification, Drawdown Rules & Funded Payouts
From the Challenge and Verification to a fully funded account — every drawdown rule, profit split, payout cycle, and platform decision in one trader-tested guide.
Master FTMO's multi-step evaluation, understand how the daily and maximum drawdown limits actually behave in live conditions, navigate the trailing balance protection on funded accounts, and unlock the scaling plan that grows your allocation across years of consistent trading. This guide covers every funded trader rule, profit split tier, payout cycle, KYC requirement, and platform option across MetaTrader, cTrader, and DXtrade — including OANDA US access for American traders and how PickMyTrade routes your TradingView signals straight into FTMO without breaching consistency or stop-loss rules.
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FTMO Basics 12 answers
What is FTMO and how does the prop firm model work?
FTMO is a Prague-based proprietary trading firm founded in 2015. Pay an evaluation fee, pass a 2-step assessment (Challenge then Verification), then trade a funded account with up to 90% profit split. FTMO popularized the modern retail prop model and is the most recognized name in the industry, with over 42,000 Trustpilot reviews averaging 4.8/5.
Who founded FTMO and where is it based?
Co-founded in 2015 in Prague, Czech Republic by Otakar Hornek and Marek Kucharcik. CEO Otakar Suffner leads the company today. Headquarters at Opletalova 1284/37, Prague 1, Czech Republic. The legal entity is FTMO s.r.o.
When was FTMO founded?
2015. FTMO is one of the longest-running prop firms in the modern retail prop space, predating most competitors by 5+ years. This longevity is a key reason traders trust FTMO over newer firms.
Is FTMO regulated?
FTMO is a proprietary trading firm, not a regulated broker-dealer. It frames its product as an evaluation/educational program with discretionary payouts. This is the standard structure for retail prop firms globally and is not a sign of illegitimacy.
Is FTMO legit or a scam?
Legit. 4.8/5 Trustpilot from 42,000+ reviews, hundreds of millions in cumulative payouts since 2015, and the longest unbroken track record in the retail prop space. FTMO is the benchmark by which other firms are judged. Most negative reviews focus on rule strictness, not non-payment.
How much has FTMO paid out to traders?
FTMO does not publish a single official cumulative payout figure but discloses monthly highlights showing tens of millions paid each month. Independent estimates from FTMO trader forums and prop-firm review sites place lifetime payouts well into the hundreds of millions of dollars since 2015.
How many traders does FTMO have?
FTMO has over 250,000 funded traders cumulatively as of 2026, drawn from 180+ countries. It is the largest prop firm by total funded-trader count in the industry's history. Pass rates remain in the 10-20% range — typical for the industry.
What countries does FTMO accept?
180+ countries. Restricted countries include Iran, North Korea, Syria, Cuba, Russia, Belarus, Myanmar, and several other sanctioned jurisdictions. The full list is shown at checkout. KYC-verified addresses must match your country of residence.
Does FTMO accept US-based traders?
Yes — FTMO returned to the US market via a partnership with OANDA US announced on August 26, 2025. On December 1, 2025 FTMO Group went further and acquired OANDA Global Corporation outright, making OANDA part of the FTMO group. Between June 2024 and the OANDA partnership, FTMO was unavailable to US residents due to NFA restrictions. US traders now access a tailored FTMO product through OANDA US — see the US Traders section for the asset and platform list.
Is FTMO available in India / Pakistan / Nigeria?
India and Nigeria are accepted. Pakistan is accepted. Bangladesh is accepted. KYC documents and a matching billing address are required during funded-account activation. Verify your country at checkout — the restricted list updates as sanctions change.
Does FTMO trade real money or simulated capital?
Sim-funded. FTMO Trader accounts execute on simulated quotes that mirror live market data. Payouts are real cash distributed from FTMO's profit pool. This structure is industry-standard and is why FTMO is not a regulated broker — you are paid for trading skill on simulated accounts, not for managing client capital.
Why is FTMO considered the gold standard of prop firms?
Longest unbroken track record (10+ years), highest Trustpilot review count (42,000+ at 4.8/5), most consistent payout history, transparent rule changes, multi-language support, dedicated mentor program, and zero major outages or rule-rug-pulls. FTMO is the firm other props imitate.
Challenge / Verification / Funded 14 answers
How does the FTMO 2-step evaluation work?
Step 1 is the FTMO Challenge — hit 10% profit while staying inside 5% daily loss and 10% maximum loss. Step 2 is the Verification — hit 5% profit under the same drawdown limits. Pass both and you become an FTMO Trader on a funded account paying 80% (rising to 90% via the Scaling Plan).
What is the FTMO Challenge profit target?
10% on the standard FTMO Challenge. So on a $100K Challenge, you must close +$10,000 in net profit while keeping drawdown limits intact. The profit target is fixed across all account sizes.
What is the Verification profit target?
5% — half of the Challenge target. On a $100K Verification, you must close +$5,000 in net profit. Same drawdown rules as Challenge: 5% daily, 10% maximum loss (trailing daily to the previous day's 00:00 CE(S)T balance).
Is there a time limit on the FTMO Challenge or Verification?
No. FTMO removed time limits in 2024. Both the Challenge and Verification are now unlimited-duration, so you can take as long as you need to hit the profit target without breaching drawdown. This is one of the most trader-friendly changes in the industry.
How long does the FTMO Challenge typically take?
Most successful traders pass in 2-6 weeks. There is no hard time limit since 2024, but most traders prefer to compound steadily rather than push for fast wins. Funded activation typically begins within 1 business day after Verification ends.
What is the minimum number of trading days?
FTMO previously required 4 trading days minimum on Challenge and Verification, but removed the minimum trading day rule on Challenge and Verification in 2024. The funded phase still has minimum trading day requirements before payout eligibility — see the payouts section.
Can I pass the FTMO Challenge in one trade?
Technically yes since the minimum-trading-day rule was removed for the eval phases. There is no hard "50%-of-profit" consistency rule that fails accounts. FTMO does track a Discipline Score in Account MetriX as guidance, and one-shot passes can attract closer review at payout — but it is informational, not a payout-blocking ceiling. Most traders still spread profits over several sessions for cleaner risk profile.
What happens after I pass Verification?
FTMO sends a Trader Agreement to your dashboard, you complete KYC (passport plus address proof), and within 1-2 business days you receive funded account credentials. You become an "FTMO Trader" with the same 5% daily loss and 10% maximum loss limits but no profit target — your goal is to compound profits and request payouts.
Can I fail Verification and try again?
Yes. FTMO offers a free Verification retake if you passed the Challenge but didn't reach the 5% Verification target within the minimum-days criteria without breaching drawdown — your account is reset for free. If you breached the daily loss or maximum loss on Verification, you need a paid reset. The terms are documented in your dashboard before purchase.
What is the difference between Challenge and Verification?
Challenge requires 10% profit; Verification requires 5%. Both share the same 5% daily loss and 10% maximum loss (trailing daily to previous day's midnight balance). Verification is unlocked only after passing Challenge. The Verification step exists to prove the Challenge pass was repeatable, not luck.
Is there a profit target on the FTMO funded account?
No. The funded phase has no profit target — you trade indefinitely as long as you don't breach 5% daily loss or 10% maximum loss. Payouts are processed when you request them after the minimum trading-day window. FTMO does not enforce a hard consistency rule on funded; it tracks a Discipline Score as guidance only.
Can I trade aggressively on the Challenge to hit 10% fast?
You can — FTMO does not enforce a hard 50%-of-profit consistency rule. They do track a Discipline Score in Account MetriX, and one-day blowout pushes can attract closer review at payout. PickMyTrade users typically size positions to absorb 1-2% losing days while staying inside the 5% daily loss, then compound steadily for cleaner risk metrics.
Does FTMO offer a 1-step or instant-funded option?
FTMO offers a 1-Step Challenge alongside its flagship 2-Step Challenge. The 1-Step uses a stricter 3% daily loss limit (versus 5% on 2-Step) and the same 10% maximum loss, with a single profit target instead of Challenge plus Verification. No instant-funded product. The 2-Step remains FTMO's primary path since 2015.
What is the FTMO Premium Programme?
FTMO's Premium Programme has two tiers, both unlocked by performance rather than a balance threshold. Prime requires 4 processed rewards each of at least 4% profit, and leads to allocations up to $600,000 with a 90% split. Supreme is the higher tier and leads to Quantlane integration. There is no $200K balance threshold and no separate purchase.
Account Sizes & Pricing 10 answers
What account sizes does FTMO offer?
$10,000, $25,000, $50,000, $100,000, and $200,000. The Scaling Plan can grow funded accounts up to $2,000,000 maximum allocated capital per trader, and the Premium Programme's Prime tier can lift Prime traders to $600,000 in capital. The size is fixed at Challenge purchase and cannot be downgraded mid-eval.
How much does an FTMO $10K Challenge cost?
155 EUR (~$183 USD list price as of 2026 at current FX). The smallest entry point and the cheapest way to test FTMO's mechanics. The fee is refunded with your first payout once you become an FTMO Trader.
How much does an FTMO $25K Challenge cost?
250 EUR (~$265 USD list). Mid-tier sizing — popular with traders who want to scale realistic dollar P&L without committing to a full $100K fee.
How much does an FTMO $50K Challenge cost?
345 EUR (~$370 USD list). The most popular size by purchase volume — large enough for meaningful payouts, small enough that the eval fee is recoverable on first payout.
How much does an FTMO $100K Challenge cost?
540 EUR (~$580 USD list). The flagship size — the one most often referenced in FTMO blog case studies. A 5% funded month yields ~$5K gross, with 80% split that is $4K net.
How much does an FTMO $200K Challenge cost?
1,080 EUR (~$1,150 USD list). FTMO's largest direct purchase size — beyond this, the Scaling Plan lifts allocated capital up to $2,000,000. Discounts during seasonal sales can bring this under $900.
Is the FTMO fee billed in EUR or USD?
EUR is the base currency — FTMO is a Czech company and prices in EUR. USD pricing on the website is a real-time conversion at checkout. Card processors apply standard FX conversion. Some traders pay via Skrill or crypto to avoid card-issuer FX fees.
Can I combine multiple FTMO accounts?
Yes — FTMO allows up to $2,000,000 of total allocated capital per trader across multiple funded accounts via the Scaling Plan. The cap is the sum of funded balances across the same KYC profile. Cross-account hedging is forbidden, and FTMO's Forbidden Trading Practices also flag coordinated or duplicate strategies on same-KYC accounts — even same-direction copy trades can trigger an account-multiplication breach.
Are there monthly fees on FTMO funded accounts?
No. The Challenge fee is a one-time purchase. Funded accounts have zero monthly fees, zero data fees, and the eval fee is refunded with your first payout. 30 calendar days without placing a trade on a funded account is treated as a breach and the account is terminated.
What payment methods does FTMO accept?
Visa, Mastercard, Apple Pay, Google Pay, Skrill, Neteller, crypto (BTC, ETH, USDT, USDC), and SEPA wire transfers in Europe. Crypto purchases finalize in 10-30 minutes. Card purchases activate the Challenge instantly.
Drawdown & Daily Loss 15 answers
What is the FTMO daily loss limit?
5% of the initial account balance on the 2-Step Challenge (3% on the 1-Step Challenge). On a $100K 2-Step account that is $5,000 in any single trading day. The daily loss includes both closed and open positions (floating equity), measured against the start-of-day balance. Breach the 5% intraday and the account fails immediately.
What is the FTMO maximum drawdown?
10% of the initial balance, calculated as a daily trailing maximum loss. On a $100K account, the floor starts at $90,000. Each midnight CE(S)T the level is recalculated as max(initial balance, previous day's 00:00 balance) minus 10%, so it can only ratchet up with profits — never decrease. It is NOT a static drawdown.
Is FTMO drawdown trailing or static?
TRAILING — but only daily and only upward. Each midnight CE(S)T FTMO recalculates the maximum loss level as max(initial balance, previous day's 00:00 balance) minus 10%. The level locks in profits day by day and never decreases, but it does NOT trail tick-by-tick like US futures props (Apex, Topstep). Intraday spikes above the previous midnight balance do not move the floor — only the closed end-of-day balance does.
How is the daily loss calculated?
Equity-based — real-time, including floating P&L on open positions. On the 2-Step the 5% is measured against the start-of-day balance/equity (the higher of the two). The daily window resets at midnight CE(S)T on FTMO's MT4/MT5 servers (not 5pm ET). Opening a trade just before the reset and holding through it is allowed; the daily-loss baseline shifts at the midnight rollover.
When does the FTMO daily loss reset?
Midnight Central European Time (CET in winter, CEST in summer) on FTMO's servers — Prague time, not New York. After the reset, the new day's 5% daily loss is calculated against the new start-of-day equity, and the trailing 10% maximum loss is recomputed against the previous day's 00:00 balance if higher than the initial balance.
Does the max drawdown include open positions?
Yes — the 10% maximum loss is equity-based, not balance-based. Floating P&L on open positions counts. If your equity dips below the current trailing floor (start: $90,000 on a $100K account, ratchets up daily as profits lock in) at any moment, the account fails. Most blowups happen because traders forgot floating loss counts in real time against an ever-climbing floor.
Does FTMO have a soft breach or hard breach?
Hard breach. Crossing the 5% daily loss or the 10% trailing maximum loss immediately fails the account — no warning, no soft pause. Your only recovery is a paid Verification reset or a new Challenge purchase. FTMO is consistent here across Challenge, Verification, and funded.
Is there a minimum profit per day?
No minimum daily profit. The only daily metric that matters is staying inside the 5% daily loss. You can trade as many or as few sessions per day as you like.
What happens if I breach the 5% daily loss?
Account fails immediately. The dashboard updates within minutes showing the breach. On Challenge or Verification you can reset (paid). On funded, you can purchase a new Challenge to get re-funded. There is no warning — FTMO's risk system flags breaches in real time.
What happens if I breach the 10% maximum loss?
Account fails immediately. The trailing 10% maximum loss is the absolute floor — once equity touches the current floor (starts at $90,000 on a $100K account and ratchets up daily as profits lock in), the account is dead. The only reset path is a new Challenge purchase or paid reset.
Does the trailing maximum loss reset after I scale?
Yes — scaling increases the account balance by 25% and the 10% trailing maximum loss is recalculated against the new, higher balance from that point forward. The daily-trailing logic still applies: the floor recomputes each midnight CE(S)T as max(scaled balance, previous day's 00:00 balance) minus 10%.
Does swap (overnight financing) count toward drawdown?
Yes — swap and commission both count as P&L and feed into both the daily loss and trailing maximum-loss calculations. Holding overnight on negative-swap pairs erodes equity and can trigger breach overnight if you are running close to the 10% trailing floor. Swap-free Islamic accounts are available on request.
Are commissions counted against the profit target?
Yes. The 10% Challenge target and 5% Verification target are NET of commission and swap. Your gross-of-cost P&L must clear these costs and still hit the target. FTMO commission rates are competitive (~$3-7 per round-turn lot on FX), but algo traders should model them carefully.
Does the daily reset matter for swing traders?
Yes — swing traders crossing the midnight CE(S)T reset benefit because a winning day locks in those profits as the new daily-loss baseline and can also ratchet the trailing 10% maximum loss up. A losing position held through midnight CE(S)T resets the baseline to current equity, meaning the next 5% allowance is measured from there. Plan entries with this in mind.
Is there an end-of-day or intraday calculation difference?
FTMO is intraday equity-based for breach detection on both the 5% daily loss and the 10% trailing maximum loss — the trigger is real-time, not end-of-day. The trailing maximum-loss level itself only updates at midnight CE(S)T against the prior day's 00:00 balance. PickMyTrade users automating into FTMO should set platform-level stop-losses well inside the 5% line to avoid intraday slippage breaches.
Consistency, Min Days & Stop-Loss 8 answers
What is the FTMO consistency rule?
FTMO does NOT enforce a hard 50%-best-day consistency rule that blocks payouts. Instead it tracks a "Discipline Score" inside Account MetriX combining best-day-vs-average, risk per trade, win rate, and trade-frequency uniformity. The Discipline Score is informational guidance — it does not auto-reject payouts. Funded payouts are not blocked by single-day skew, though FTMO may flag highly unusual patterns for manual review.
Does the consistency rule apply to Challenge / Verification?
No — there is no hard consistency rule on Challenge, Verification, or funded. The Discipline Score in Account MetriX (best-day vs average, risk per trade, win rate, frequency uniformity) is purely informational. You can hit the Challenge target in 1 day or 100 days however you want, and the funded phase has no payout-blocking consistency ceiling.
Is a stop-loss required on every trade?
FTMO does not strictly require a server-side stop-loss on every trade as of 2026, but strongly recommends one. The "no trade without stop loss" rule was historically debated; current FTMO documentation treats stop-losses as best practice rather than mandatory. PickMyTrade automatically attaches stop-losses on every alert, which keeps your account compliant under any interpretation.
What is the minimum trading day requirement on funded?
Your first FTMO Trader payout requires accumulated trading activity over multiple sessions before request — historically 10 trading days, recently relaxed to be more flexible since the 2024 update. Subsequent payouts are governed by your custom payout cycle. Verify in your dashboard before requesting.
Does FTMO have a minimum lot size or position size?
No minimum lot. FTMO supports micro lots (0.01) on MT4/MT5 and equivalent fractional sizing on cTrader and DXtrade. Maximum lot per trade scales with account size — 50 standard lots on $200K accounts is common.
Can I trade weekends on FTMO?
Crypto pairs trade through the weekend. Forex and indices halt at Friday 5pm ET and resume Sunday 5pm ET. FTMO does not have a "no weekend holding" rule — open positions can roll across the weekend, but be aware Sunday-open gaps can blow through stop-losses and trigger breach. Many traders flatten before Friday close.
Is there a maximum lot or position size restriction?
Per-trade max lot scales with account size — the platform-level cap aligns with sensible risk per trade. There is no rule that flat-out bans a particular lot size; the practical cap is whatever lot size keeps you inside the 5% daily loss and 10% trailing maximum loss.
What violates the consistency rule most often?
There is no hard "consistency violation" that blocks payouts on FTMO funded accounts. The Discipline Score (informational only) drops when a single day dominates profit, when risk per trade spikes, or when frequency is highly uneven, but FTMO does not auto-reject payouts based on this metric. PickMyTrade users still tend to size positions to keep risk uniform — it produces cleaner equity curves and reduces the chance of a manual review at payout.
Funded Activation & Scaling Plan 10 answers
How long does funded activation take?
1-2 business days. After Verification ends, FTMO sends the Trader Agreement; you sign electronically and complete KYC. Once approved, the funded account credentials hit your dashboard and you can connect MT4/MT5/cTrader/DXtrade and start trading.
What documents are required for FTMO KYC?
Government-issued photo ID (passport, national ID, or driving license) and a proof-of-address document dated within the last 90 days (utility bill, bank statement, council tax). Address must match the billing address on the Challenge purchase. The Trader Agreement must be signed in your legal name.
What is the FTMO Scaling Plan?
FTMO's Scaling Plan increases your account balance by 25% every 4 months. You qualify if you (a) made at least 10% net profit during the 4-month period, (b) were profitable in at least 2 of those 4 months, (c) had at least 2 processed rewards (payouts) during the period, and (d) hold a positive balance at the scale-up date. The 25% stacks across cycles up to $2,000,000 in maximum allocated capital per trader.
How often does FTMO scale my account?
Every 4 months automatically once you qualify (10%+ net profit, at least 2 profitable months in the window, at least 2 processed rewards, and a positive balance at scale time). The scaling event is processed within 1-2 business days of cycle close, after which your new balance is reflected on the trading platform and dashboard.
What is the cap on scaling?
$2,000,000 maximum allocated capital across all funded accounts under the same KYC profile via the Scaling Plan. Premium Programme participants (Prime tier) can be allocated up to $600,000 even before the full $2M cap is reached. Once you hit $2M via scaling, the Scaling Plan cap is reached.
Does scaling change my profit split?
Yes — qualifying for scaling typically lifts your profit split from 80% to 90%. The 90% split applies to traders on the active scaling track. Premium Programme participants (Prime tier) also trade on a 90% split.
What if I miss a scaling cycle?
No penalty — you stay at the current balance and qualify again in the next 4-month window if you hit the criteria (10%+ net profit, 2 profitable months, 2 processed rewards, positive balance). Missing a cycle does not cap your future scaling, just delays it. The 10% trailing maximum loss continues to ratchet daily against the current (not scaled) balance.
Do payouts count toward the 10% scaling profit?
Yes — gross profit (before split) during the scaling window counts. Withdrawn profits remain in the count for scaling-eligibility purposes. So you don't need to "leave money on the account" to qualify; just generate the 10% during the 4-month window.
Can I trade my old account after scaling?
Scaling typically replaces the existing balance with the new (scaled) balance on the same account ID. The MT4/MT5/cTrader login does not change. PickMyTrade users keep the same connection profile and continue automation uninterrupted across the scaling event.
Does FTMO scaling work for crypto / indices, not just forex?
Yes — scaling is account-balance based, not asset-class based. You can hit the 10% via FX, indices, commodities, or crypto in any combination. Funded traders running TradingView strategies on multiple asset classes via PickMyTrade often hit scaling faster because of diversified P&L sources.
Payouts 15 answers
What is the FTMO profit split?
80% standard, rising to 90% via the Scaling Plan. The 90% split applies once you've qualified for scaling. Premium Programme Prime-tier traders trade on a 90% split. FTMO does not currently offer a 100% split tier.
When can I request my first payout?
After your first 14-day cycle on the funded account. The first payout is bi-weekly by default. Once paid, you can choose your custom payout cycle (weekly, bi-weekly, or monthly). The first payout includes a refund of your Challenge fee — paid alongside the profit split.
Is the FTMO Challenge fee refunded?
Yes — the Challenge fee is refunded with your first FTMO Trader payout once you become funded. So a $580 fee on a $100K account comes back as part of your first profit transfer. This is one of FTMO's most generous and trader-friendly policies.
How often can I request payouts?
After the first bi-weekly cycle, you choose your own cycle — weekly, bi-weekly, or monthly. The cycle can be adjusted in the dashboard. Most traders settle on bi-weekly because it balances speed with not over-fragmenting the consistency-rule calculation.
How are FTMO payouts processed?
Skrill, bank wire (SEPA in EU, SWIFT internationally), or crypto (BTC, USDT, USDC). Crypto payouts arrive in 1-24 hours; SEPA in 1-2 business days; SWIFT in 3-5 days. Skrill is instant after FTMO approval (typically same day).
Are there hidden fees on FTMO payouts?
No firm-side fees. Bank wires may carry standard intermediary-bank charges (~$15-50 SWIFT depending on jurisdiction). Crypto network fees apply but are minimal. Skrill is fee-free at FTMO's end; Skrill's withdrawal-to-bank fees apply on your end.
What is the minimum payout amount?
FTMO does not enforce a hard minimum, but practical thresholds apply per payout method (bank wire fees often make payouts under $100 economically inefficient). Crypto and Skrill have effectively zero minimums. Most traders aim for $200+ per payout to keep transaction costs proportional.
How long do FTMO payouts take?
FTMO commits to processing within 1-2 business days of request approval. Method-specific arrival: Skrill typically same day after approval, crypto within 1-24 hours, SEPA 1-2 days, SWIFT 3-5 days. FTMO's payout speed is industry-leading and a major reason for the 4.8/5 Trustpilot score across 42,000+ reviews.
Can I leave profits on the FTMO account to compound?
Yes — you can skip a payout cycle to compound. The trailing 10% maximum loss actually rewards compounding: as your end-of-day balance climbs, the floor ratchets up with it, but a $10K profit on a $100K account locks in roughly $1K of additional cushion overnight (the floor moves from $90K toward $99K only as midnight balances rise). Skipping payouts is a common strategy for traders aiming for the $2,000,000 scaling cap.
What blocks an FTMO payout request?
Open positions at request time, KYC issues, unsigned Trader Agreement amendments, breach during the cycle, or unresolved review of flagged trading patterns (Forbidden Trading Practices). FTMO does NOT enforce a hard 50%-best-day rule; the Discipline Score in Account MetriX is informational. The dashboard surfaces blockers before submission and if a payout is denied you receive a specific reason.
Do I have to close all positions before requesting?
Yes — all positions must be flat at the time of payout request. Open trades freeze the calculation. Most traders close on Friday before requesting weekend-window payouts so unrealized P&L doesn't distort the calculation. PickMyTrade users can configure flatten-by-time alerts for this.
What is the FTMO performance coach payout bonus?
FTMO's free Performance Coach app and Account Mentor program provide personalized analytics and feedback. Some referral and special-event campaigns include payout bonuses, but these are promotional and not a permanent feature. The 80%-90% split is the baseline.
Are FTMO payouts taxable?
Yes — FTMO Trader payouts are taxable income wherever you live. They are typically classified as self-employment / business / contracting income (not investment income) since you are paid for trading skill on simulated capital. UK: HMRC self-employment. EU: per-country trading income. India: business income under ITR-3. Consult a local tax professional.
Can I change my payout method between cycles?
Yes — payout method is set per request, not per account. Switch between Skrill, crypto, and bank wire as needed. Verify the receiving wallet/account address each time to prevent typos. FTMO confirms the destination on every request.
Does FTMO send payout proof publicly?
FTMO publishes monthly Trader Highlights showing aggregate payouts and individual case studies on their blog and YouTube channel. Verified payout posts also fill FTMO trader forums daily. Cross-referencing FTMO's published numbers with community posts gives the most accurate picture.
News, Hedging, HFT & Latency Arbitrage 12 answers
Can I trade news on FTMO?
Mostly yes, with one important restriction on funded. On Challenge and Verification, news trading is fully permitted. On funded Standard accounts FTMO restricts trading on the targeted instrument from 2 minutes before to 2 minutes after scheduled high-impact (red-folder) news. Swing accounts are exempt from that restriction. Outside that 4-minute window, news trading is fine, but spread-spike scalping into the print is forbidden.
Can I hold positions through high-impact news?
On funded Standard accounts, FTMO blocks new trades on the targeted instrument 2 minutes before and 2 minutes after scheduled high-impact news — so you cannot open a new position during that window, but existing positions can be held through. Swing accounts are exempt. The bigger practical risk is spreads widening 5-20x during the print, which can blow through stop-losses and trigger drawdown breach. Many traders flatten 5-10 minutes before red folders.
Is hedging allowed on FTMO?
Within a single account: yes — opening opposing positions on the same instrument is permitted on MT4/MT5 (cTrader uses netting). Across accounts: FTMO's Forbidden Trading Practices ban group hedging and coordinated trades across same-KYC or affiliated accounts, and they also flag duplicate strategies running in lockstep. Even same-direction copy trades on multiple accounts can trigger an account-multiplication breach, not just opposite-direction hedges.
Is HFT or scalping allowed?
Manual scalping (5+ second holds): yes. True HFT (sub-second holds, microstructure exploitation): no. FTMO bans tick scalping, latency arbitrage, and quote manipulation. The threshold is broadly: trades that profit from server-quote latency rather than directional bias.
What is latency arbitrage and why is it banned?
Latency arbitrage exploits the price difference between a fast feed (e.g., direct exchange) and FTMO's slower aggregated feed. The trade is risk-free for the trader and pure loss for the firm. FTMO bans it explicitly. Common red flags: sub-1-second hold times, near-100% win rate, identical entries across accounts.
Is grid trading or martingale allowed?
Grid trading is permitted as long as it stays inside drawdown limits. Martingale is technically allowed but practically self-destructive on a 5% daily / 10% trailing maximum-loss account — the doubling-down logic blows through these limits within 3-5 losing legs. FTMO doesn't ban it but the math does.
Can I copy-trade signals from a service?
Personal copy trading where you receive a signal and discretionarily execute is fine. Direct copy from a paid signal service to multiple FTMO accounts simultaneously is forbidden — this is treated as group trading. PickMyTrade is your own personal automation bridge from your TradingView strategy, not a third-party signal service, so it sits firmly inside the personal-EA category.
Can I trade the same setup across multiple FTMO accounts?
FTMO investigates coordinated trades across accounts. Even on your own multiple same-KYC FTMO accounts, running identical strategies in lockstep — same instrument, same direction, same timing — can trigger an account-multiplication breach under Forbidden Trading Practices. Differentiated strategies, asset classes, or sizing across your accounts are safer. Strictly forbidden: hedging FTMO vs another firm, or copying from a third-party signal provider. If you route one alert to multiple accounts via PickMyTrade, vary instrument or sizing to stay clear.
What is the rule on tick scalping?
FTMO defines tick scalping as opening and closing positions within seconds purely to capture spread or quote latency. This is banned. Manual scalping with 30-second to 5-minute holds is permitted. Algo scalping with deliberate sub-second logic is treated as HFT and rejected.
Can I use a VPS to run my strategy?
Yes — VPS hosting is fully supported and many funded traders use a VPS for 24/5 uptime. FTMO's MT4/MT5 servers are in Prague/London — pick a VPS in those regions for lowest latency. PickMyTrade does not require a VPS because automation runs in our cloud infrastructure.
Are there forbidden trading strategies?
Latency arbitrage, tick scalping (sub-second holds), reverse arbitrage between FTMO and another broker, group trading from a single signal, exploiting demo-feed errors, and risk-free strategies based on quote staleness. The full prohibited-practices list is in FTMO's Trader Code of Conduct on the dashboard.
What happens if FTMO suspects rule violation?
FTMO's risk team reviews account history, particularly around payout requests. If patterns suggest forbidden strategies, they pause the payout, investigate, and either approve, deduct flagged trades, or close the account. Decisions are explained via email and dashboard. Disputes go through their support team — FTMO is among the most transparent firms in dispute resolution.
Automation, EAs, Bots & PickMyTrade 12 answers
Are EAs and trading bots allowed on FTMO?
Yes — personal EAs running your own unique strategy are fully permitted on Challenge, Verification, and funded. FTMO is one of the most automation-friendly props. Banned: HFT bots, latency arbitrage bots, mass-distributed commercial EAs sold to thousands of users, and copy-trading bots that mirror across multiple unaffiliated accounts.
Can I run a TradingView Pine Script strategy on FTMO?
Yes — a Pine Script strategy on TradingView paired with PickMyTrade as the execution bridge is the cleanest way to automate FTMO. TradingView fires the alert, PickMyTrade translates and routes to your FTMO MT4/MT5/cTrader/DXtrade account. No coding inside MT4 required. $50/month flat across all your FTMO accounts.
How does PickMyTrade connect to FTMO?
PickMyTrade connects to FTMO MT4 / MT5 via API bridge — you supply your FTMO MT4/MT5 server, login, and password. Alerts from TradingView arrive at PickMyTrade's webhook, get translated into broker-specific orders, and execute on FTMO within ~200-500ms. cTrader and DXtrade integrations follow the same pattern.
Why use PickMyTrade instead of an MT4 EA?
Pine Script is faster to develop and debug than MQL4/MQL5. PickMyTrade lets you keep your strategy in TradingView and route to FTMO without translating code or running a 24/5 VPS. PickMyTrade also broadcasts the same alert to FundedNext, Apex, Topstep, and others — useful when running multi-firm setups.
Does PickMyTrade work for both Challenge and funded?
Yes — PickMyTrade integrates with the FTMO MT4/MT5/cTrader account regardless of phase. Same login credentials, same connection profile. When you progress from Challenge to Verification to funded, the credentials change and you update them in PickMyTrade once.
Can I copy-trade from one FTMO account to another?
With care. FTMO's Forbidden Trading Practices flag coordinated/duplicate strategies across same-KYC accounts as a potential account-multiplication breach — even same-direction copies, not just opposite hedges. Differentiated strategies, instruments, or sizing across your accounts are safer than pure mirrors. Strictly forbidden: copying across different traders' accounts or from a third-party signal seller. PickMyTrade can route one alert to multiple FTMO logins; vary parameters to stay compliant.
What automation latency does FTMO tolerate?
FTMO doesn't publish a hard latency threshold but flags sub-second hold times as potential HFT. Real-world automation of swing/intraday strategies operates at 200-2000ms entry/exit and is well within accepted norms. PickMyTrade's typical end-to-end latency from TradingView alert to FTMO fill is ~300-500ms.
Can I use commercial / free EAs from MQL5 marketplace?
Personal use of an EA you bought is fine. The forbidden pattern is mass-distributed commercial EAs where 100+ traders run the same logic concurrently — FTMO treats this as group trading and rejects payouts. Build or modify EAs to your unique strategy. Better: develop in Pine Script and route via PickMyTrade.
Does PickMyTrade support FTMO multi-firm setups?
Yes — common pattern. One TradingView alert broadcasts to FTMO + FundedNext + Apex + Topstep simultaneously. Each firm gets independent execution; firm-specific lot sizing scales by account balance. Diversifies firm-specific risk (rule changes, outages, ban surges) and multiplies your effective capital. $50/month flat regardless of firm count.
How do I set stop-losses with PickMyTrade on FTMO?
In your TradingView Pine Script alert, include the stop-loss as a price field (`{{strategy.order.stop_loss}}` or your custom variable). PickMyTrade reads it and submits the FTMO order with a server-side stop attached. Same for take-profit. This satisfies any "stop-loss recommended" interpretation FTMO uses.
Can I run a martingale or grid bot on FTMO via PickMyTrade?
Technically yes — FTMO doesn't ban grid or martingale strategies, and PickMyTrade can route any TradingView strategy. Practically, the 5% daily and 10% trailing maximum loss make martingale a poor fit; the doubling math blows through limits in 3-5 losing legs. Grid with disciplined risk works on funded if drawdown stays inside limits.
Is PickMyTrade affiliated with FTMO?
No. PickMyTrade is an independent automation bridge — not a broker, not a prop firm, not affiliated with FTMO. We connect via your own FTMO credentials to your own FTMO accounts. PMT does not hold customer funds and does not place trades without your alert.
Platforms (MT4 / MT5 / cTrader / DXtrade) 10 answers
What platforms does FTMO support?
MetaTrader 4, MetaTrader 5, cTrader, and DXtrade. You select the platform at Challenge purchase and it remains the same through Verification and funded. Switching mid-account requires a new Challenge.
Which platform should I choose: MT4 or MT5?
MT5 is the modern choice — more timeframes, better backtesting, hedging or netting modes, broader asset coverage including indices and stocks. MT4 has a larger MQL4 EA library but is being phased out industry-wide. Pick MT5 unless you have a specific MT4-only EA.
What is cTrader and why does FTMO support it?
cTrader is a modern trading platform popular in Europe — better order book, depth-of-market, cleaner UI, and cAlgo (C# scripting) for automation. FTMO offers cTrader as an alternative for traders who prefer ECN-style execution. Spreads and commissions are similar to MT5.
What is DXtrade and when did FTMO add it?
DXtrade is a web-based platform from Devexperts. FTMO added DXtrade to broaden platform options, particularly for US traders via the OANDA US partnership where MT4/MT5 are NFA-restricted. DXtrade is a clean modern interface with fewer EA options than MT5 but better browser performance.
Can I switch platforms mid-Challenge?
No. Platform is locked at Challenge purchase. You'd need to fail or reset the Challenge and start a new one with a different platform. Plan platform choice carefully — it persists through to funded.
Does PickMyTrade support all four FTMO platforms?
Yes — PickMyTrade supports MT4, MT5, cTrader, and DXtrade for FTMO automation. The connection setup is similar across platforms: provide login credentials and server name, and PickMyTrade handles the routing from TradingView alerts.
What instruments are available on each platform?
MT5 has the broadest coverage: forex, indices, commodities, crypto CFDs, and US/EU stocks (where region permits). MT4 covers forex, indices, commodities, basic crypto. cTrader is forex, indices, commodities, crypto. DXtrade is forex and indices primarily. Match instruments to your strategy before choosing.
Can I use the FTMO mobile app to trade?
FTMO doesn't have a proprietary mobile app for trading — you use the official MT4/MT5/cTrader/DXtrade mobile apps directly with your FTMO credentials. The FTMO website's mobile dashboard tracks performance, not orders. PickMyTrade automation runs in the cloud and is unaffected by which device you log in on.
Are spreads tighter on cTrader vs MT5 on FTMO?
Roughly equivalent. FTMO sources liquidity from the same providers across platforms. cTrader sometimes shows tighter raw spreads with explicit commission ($3-7 per side per lot); MT5 offers both raw and standard spread types. Net cost is similar; pick the platform on UX preference, not micro-spread differences.
What server time does FTMO use on MT4/MT5?
FTMO MT4/MT5 servers run on GMT+2 (winter) / GMT+3 (summer) — Prague time. Daily candles close at 5pm ET equivalent. Set TradingView and your strategy timezone to match if you depend on H4/D1 candle alignment. PickMyTrade handles timezone conversion automatically when routing alerts.
US Traders & OANDA US Partnership 8 answers
Why was FTMO unavailable to US traders?
In June 2024, FTMO suspended new US-resident sign-ups due to NFA / CFTC concerns about retail forex prop programs offering instruments not aligned with US-domiciled regulation (no hedging on the same pair, no FIFO, restricted leverage). Existing US accounts were honored to expiration; new purchases were blocked.
When did FTMO return for US traders?
FTMO returned to the US market via a partnership with OANDA US announced on August 26, 2025. The partnership routes US-resident FTMO accounts through OANDA's NFA-regulated infrastructure while preserving FTMO's challenge structure. On December 1, 2025 FTMO Group went further and acquired OANDA Global Corporation outright, making OANDA part of the FTMO group rather than just a partner.
What is the OANDA US partnership?
FTMO partnered with OANDA US (announced August 26, 2025) to deliver an NFA-compliant version of the FTMO Challenge to US residents. OANDA US handles the regulated execution; FTMO retains the challenge mechanics (10%/5% targets, 5% daily / 10% trailing maximum loss, 80%-90% split). On December 1, 2025 FTMO Group acquired OANDA Global Corporation, so OANDA is now part of FTMO Group rather than a third-party partner.
What instruments are available for US FTMO traders?
Major and minor forex pairs with NFA-permitted leverage (up to 50:1 majors, 20:1 minors). US traders generally do not have access to the same crypto CFD or some CFD-style indices that EU traders get on FTMO standard. Confirm the asset list at sign-up — it varies as OANDA US updates its NFA-registered offering.
What platforms are available for US FTMO traders?
Through OANDA US, the supported platform is typically OANDA's web/desktop trading platforms or DXtrade. MT4/MT5 may be unavailable for US accounts due to NFA constraints. Verify current platform options at sign-up. PickMyTrade supports DXtrade integration for US FTMO accounts.
Are the rules different for US FTMO traders?
Same core rules: 10% Challenge / 5% Verification / 5% daily loss / 10% trailing maximum loss / 80%-90% split / Scaling Plan to $2,000,000 allocated capital. NFA-imposed differences: FIFO order matching (no hedging same pair on same account), capped leverage, no exotic-pair access, and US-specific tax reporting on payouts.
How do I sign up as a US trader?
Visit FTMO.com, select your country (United States), and the checkout will route you through the OANDA US partnership flow. KYC includes US-specific documents (SSN, US-issued ID). Verify your state — some US states have additional restrictions on retail forex.
Can US traders use PickMyTrade with FTMO via OANDA US?
Yes — PickMyTrade integrates with OANDA US's supported platforms (DXtrade or OANDA's API), letting US traders automate FTMO from TradingView the same way EU traders do. Rules and FIFO compliance are handled at the broker level; PickMyTrade routes the alert and respects FIFO sequencing automatically.
Refunds, Resets & Free Trial 8 answers
Is the FTMO Challenge fee refundable if I fail?
No — Challenge fees are non-refundable on failure. The fee IS refundable on first payout once you become an FTMO Trader (pass Challenge + Verification + first payout cycle). This makes the effective cost of an eval $0 if you reach funded payout.
Can I reset the FTMO Challenge?
Yes — paid resets are available at a discounted rate (~30% off the full Challenge price). Reset preserves your account size and platform but starts the Challenge from zero. Most traders use resets after a near-miss breach rather than buying a fresh Challenge.
Can I reset the Verification?
Yes — paid Verification resets are available at a similar discount. FTMO occasionally offers free Verification retakes during promotional periods. The Trader Agreement and Verification reset paths are documented in the dashboard.
What is the FTMO Free Trial?
The FTMO Free Trial is an unlimited-time demo account that mimics the Challenge environment exactly — 5% daily loss, 10% trailing maximum loss, 10% target. No payment required, no time limit. It's the ideal way to test FTMO's mechanics, your strategy's compatibility, and PickMyTrade's automation before paying the live Challenge fee.
Can I get a refund if I change my mind before trading?
Yes — FTMO has a 14-day cooling-off period after Challenge purchase IF you have not placed any trades on the account. Contact FTMO support promptly. Once you've executed even one trade, the refund window closes.
What disqualification reasons are most common?
Daily loss breach (5%), trailing maximum-loss breach (10%), copy-trading from a third party, latency arbitrage, sub-1-second hold dominance, coordinated or duplicate strategies across same-KYC or unrelated KYC accounts (account-multiplication), news-spike scalping inside the 2-minute pre/post window on funded Standard accounts, 30 calendar days of inactivity on funded. Account closure is the standard outcome; partial trade reversal sometimes applies.
Does FTMO offer free resets in promotions?
Occasionally — FTMO runs free reset campaigns on Black Friday and at year-end. Sign up for the FTMO email list to catch them. The 30%-off paid reset is the standing benefit; free resets are seasonal.
Can I reset a funded FTMO Trader account?
No. A breached funded account requires starting from a new Challenge. Resets apply to Challenge and Verification only. Once funded, the only recovery from breach is a fresh purchase.
Promotions, Affiliate & Premium Tiers 6 answers
Does FTMO have a discount code?
FTMO is more conservative on discount codes than newer prop firms — the brand premium is part of the value proposition. Affiliate codes occasionally circulate offering 5-10% off, but full 25%+ codes are rare and usually limited to seasonal sales (Black Friday, year-end).
Does FTMO run Black Friday sales?
Yes — annual Black Friday and Cyber Monday sales offer 20-30% off Challenge fees. These are FTMO's largest discount events of the year. Subscribe to the FTMO newsletter and dashboard banner alerts to catch them. Year-end and anniversary promotions are smaller (10-15%).
What is FTMO Premium?
FTMO Premium is now the Premium Programme with two tiers, unlocked by performance rather than a balance threshold. Prime requires 4 processed rewards each of at least 4% profit and leads to allocations up to $600,000 on a 90% split. Supreme is the higher tier and leads to integration with Quantlane. Both tiers add priority support and exclusive trader events. No $200K balance threshold and no separate purchase — entry is purely performance-based.
Does FTMO have an affiliate program?
Yes — FTMO's affiliate program pays commissions on referred Challenge purchases. Apply via the FTMO website. Commissions vary by tier and recent activity. The program is well-managed compared to industry peers; affiliate codes can save the buyer 5-10% while paying the affiliate a commission.
Can I stack discount codes on FTMO?
No — single code per checkout. If FTMO is running a site-wide sale, your affiliate code may not stack on top. Pick the deeper of the two. During Black Friday the site-wide discount typically beats any single affiliate code.
How often does FTMO run promotions?
2-4 major events per year: Black Friday/Cyber Monday (20-30%), year-end (10-20%), anniversary (10-15%), and occasional summer or Easter mini-sales. FTMO is more disciplined on discounting than newer firms because the brand carries pricing power. Subscribe to the email list for advance notice.
FTMO vs Competitors & Misc 10 answers
FTMO vs FundedNext — which is better for forex?
FTMO has 10+ years of brand history, the strictest vetting (latency arb, account-multiplication), 42,000+ Trustpilot reviews at 4.8/5, and the safest payout track record. FundedNext is younger but offers 1-step models (Express, Stellar) and aggressive scaling. FTMO for traders who value brand stability; FundedNext for traders who want a 1-step path.
FTMO vs The5%ers
The5%ers pioneered the 1-step prop model and offers smaller starter accounts. FTMO is primarily 2-step (with an added 1-Step option) and has a stronger brand and bigger account ceilings (Scaling Plan up to $2,000,000 vs The5%ers' Bootcamp / High-Stakes structures). FTMO for traders who want the maximum scale; The5%ers for low-cost, low-target entry into prop.
FTMO vs MyFundedFX
MyFundedFX is forex-focused with multi-step and 1-step options, similar profit splits, and slightly lower fees. FTMO is the bigger brand with several times the Trustpilot review count. MyFundedFX for traders who want lower entry costs; FTMO for the safer brand bet, the OANDA US re-entry (now an outright acquisition since December 1, 2025), and the predictable daily-trailing maximum-loss structure.
FTMO vs Apex Trader Funding (futures)
Apex is futures-only and uses an end-of-day trailing drawdown that tracks unrealized P&L tick-by-tick — quite different from FTMO's daily-only trailing maximum loss (10%, recalculated at midnight CE(S)T against previous day's 00:00 balance). Apex is the leading US futures prop; FTMO is the leading global forex prop. Many traders run BOTH simultaneously via PickMyTrade for asset diversification.
FTMO vs Topstep (futures)
Topstep is the OG US futures prop (founded 2012, even before FTMO); now uses TopstepX exclusively. FTMO is forex-focused. Different asset classes, different platforms (Tradovate/TopstepX for Topstep; MT4/MT5/cTrader/DXtrade for FTMO). Pair both via PickMyTrade for full asset coverage.
Why is FTMO's daily-trailing maximum loss important?
FTMO's 10% maximum loss is daily-trailing, not tick-trailing: each midnight CE(S)T it recalculates as max(initial balance, previous day's 00:00 balance) minus 10%. The floor can only ratchet up, never down. So intraday spikes don't move the level, only locked-in end-of-day profits do. This is more forgiving than tick-by-tick trailing drawdowns used by US futures props (Apex, Topstep) where every unrealized peak pulls the floor up.
Should I run FTMO alongside other prop firms with PickMyTrade?
Yes — common multi-firm strategy. PickMyTrade broadcasts a single TradingView alert to FTMO (forex via MT5/cTrader) plus FundedNext, Apex, Topstep, MyFundedFutures (futures). Diversifies firm-specific risk (rule changes, outages, platform breakages). $50/month flat regardless of firm count. Many funded traders run 4-8 firms simultaneously this way.
Do I owe taxes on FTMO profits?
Yes — taxable income wherever you live. FTMO's payouts are characterized as performance-licensing or contracting income, not investment income, so most jurisdictions treat them as self-employment / business income. UK: HMRC self-employment. EU: per-country trading income. India: business income under ITR-3. US (via OANDA US): typically 1099-style. Consult a local tax professional.
Can I trade FTMO on mobile?
Yes — MT4, MT5, cTrader, and DXtrade all have iOS and Android apps. Log in with your FTMO credentials. The official mobile apps support order entry, modification, and platform-side stop-losses. PickMyTrade automation runs in the cloud, so mobile is for monitoring and discretionary intervention, not strategy execution.
Where can I see FTMO payout proof?
FTMO publishes monthly Trader Highlights on their blog and YouTube channel showing aggregate payouts and individual case studies. The 42,000+ Trustpilot reviews at 4.8/5 include thousands of verified payout posts. FTMO trader forums have daily payout-proof threads. Cross-referencing FTMO's published numbers with independent community posts gives the most accurate picture.
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Disclaimer
This FAQ is for informational and educational purposes only and is not financial, legal, or tax advice. FTMO rule references are compiled from ftmo.com, the FTMO blog, the official FTMO Trader Agreement and Trader Code of Conduct, real user discussions in trader forums (FTMO trader forums, forex forums, prop firm forums, algo trader forums), Discord, Trustpilot reviews (50,000+), independent reviews on PropFirmMatch, ProTradingVibes, TheTrustedProp, BlueberryFunded, MarketplaceFairness, and our work helping traders automate FTMO accounts via MT4, MT5, cTrader, and DXtrade. FTMO updates rules — verify directly on the official help center.
FTMO covers forex, indices, commodities, and crypto CFDs (region permitting). The 2-step Challenge to Verification to Funded path remains the firm's primary structure since 2014, joined by a 1-Step Challenge with 3% daily / shallower max loss. The 5% daily / 10% trailing-daily max loss is the structural backbone for 2-Step. The 2024 removal of time limits, the August 2025 OANDA US partnership, the December 2025 acquisition of OANDA, the Premium Programme (Prime → Supreme → Quantlane), and scaling to $2,000,000 are the most material recent changes covered on this page.
Recent 2024-2026 changes: time limits removed from Challenge and Verification (2024), minimum-trading-day rule relaxed on eval phases (2024), suspension of new US sign-ups (June 2024), return to US market via OANDA US partnership (2025), DXtrade platform expansion, and ongoing scaling-plan refinements. The static-drawdown structure remains FTMO's defining feature.
PickMyTrade is an automation bridge. PickMyTrade is not a broker, not a prop firm, and not affiliated with FTMO. PMT does not hold customer funds, does not place trades without your alert, and does not guarantee trade outcomes.
Past performance does not predict future results. Prop firm trading carries a real risk of loss. FTMO accounts are simulated assessment programs. Consult a licensed financial advisor and a tax professional before trading.
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Last updated: May 2026.