FTMO is a forex trading evaluation firm. If you take their test, demonstrate you are a great trader, you will then be funded and can trade their capital! Learn more below about the payout process once you are funded and are looking to withdraw your profits from FTMO.
FTMO is looking to build long term relationships with futures traders, and I highly recommend them.
I always recommend visiting their Help Center before signing up to make sure the below information is still current. I do my best to keep everything up to date but ultimately whatever their stated rules are is what counts.
FTMO Profit Split, Payout and Withdraw Information
The Profit Split on the 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. The Profit Split Day can be changed up to 3 times for each withdrawal, anytime between 14 days and 60 days from the start of trading. If trader doesn’t make a change to their Profit Split Day before the end of a one-month cycle, the Profit Split Day will be anchored to the last day of that particular Reference Period, without the option to change it further in the current cycle. For example, if a trader starts trading on the 1st of April, the first Profit Split Day will be available on the 15th of April, and the latest option for the Profit Split Day will be after 60 days, hence 31st May.
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. FTMO doesn’t charge any commissions for withdrawals.
You don’t need to achieve any minimum* profit to receive up to a 90% Profit Split. Whatever amount of profit you generate, that’s what FTMO split by 80/20 (90/10 on the Scale-up plan) and pay you out.
If you meet the conditions of the Scaling Plan, not only do they increase the balance of your FTMO Account by 25%, but the payout ratio will also automatically change to a staggering 90/10!
If you prefer to keep your Profit Split on account to grow and accordingly build up your balance and drawdown buffer, you can do so. However, please note that FTMO will always withdraw their share of Profit Split.
* Due to imposed fees for payout transfers, there is a minimum closed profit requirement of at least $20 for bank wire and $50 for crypto payouts, to cover the cost of a transaction.
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Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
You can read more here: Risk Disclosure
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