FTMO is one of my top choices for funded forex trader programs. FTMO has a long history of successful forex traders. Therefore, below are the top 10 questions I get asked daily about FTMO.
Also, be sure to check my Exclusive Promos page – I always have a discount on FTMO just for you!
The information below was current as of the time of writing this article. Please visit FTMO and review their help section to verify all the information below is still current before signing up.
Is FTMO Legit? Do They Pay Their Traders?
Yes absolutely they are both legitimate and pay their traders regularly. I would not endorse them if they did not.
Likewise I have talked to the management team at FTMO extensively and not only do they pay traders, they are very committed to being one of the premier funded futures trader programs. FTMO founders are the ones funding YOU the trader, the absolutely want you to succeed and pay you.
What Is The Profit Split With FTMO?
FTMO offers a 2 tier approach that is favorable for the traders:
- Once funded you start with an 80/20 split (80% of your profits go to you, the trader)
- Over time you will be upgraded automatically to a 90/10 split, keeping 90% of your profits!
Is There A Daily Draw Down With FTMO?
FTMO does have a daily draw down and but does NOT have a live trailing draw down. They do have an End of Day drawdown. Learn more on FTMO’s FAQs. If you are not familiar with the various types of draw downs make sure you fully understand them before jumping in and trading.
What Are The Rules of FTMO to Pass?
The rules to pass are honestly pretty straight forward.
- Meet the profit goal for your chosen account size
- Do not violate any Drawdown or Daily Loss Limit rules
- Trade in the allowed hours
- Follow the scaling plan
That is essentially it. Sounds simple, but don’t take any evaluation lightly. You still have to manage your own risk to not violate the draw down. If you stick to your trading plan, passing isn’t that difficult. I’ve passed evaluations with pretty much every top tier firm myself.
What Are The Commissions For Trading Futures With FTMO?
The commissions vary by product. Visit the FTMO help and faqs section to verify this for yourself as companies will often change these.
What Software Can I Use For FTMO Evaluation?
FTMO offers MetaTrader 4, MetaTrader 5 and Ctrader. These all work fantastic for trading forex and are the most popular software out there for traders. For forex recommend MetaTrader 5.
I use Jigsaw Daytradr myself as an in depth order flow scalping tool if you ever get into futures trading. It is very powerful and I highly recommend it.
How Do I Withdraw Money From FTMO?
FTMO withdrawals are easy to do. They have a full FAQs about it, but in general the process is:
- Withdrawals are processed within 2 days of your requested payout date
- Payouts are done monthly automatically
- You control your payout information in your dashboard
- You can be paid out via bank wire, Skrill or a variety of crypto currencies
What Happens If A Trader Made a Million Dollars (insert any big number here), Wouldn’t They Bankrupt The Company?
No. Please think about this for just a second.
First, you have zero incentive to keep trading with a prop firm when you are making that much money. Remember the 80/20 split? If you are capable of making that kind of money you would not want to give up 20%. You would take your profits far sooner and open a brokerage account. As well, I hate to tell you but chances are you aren’t a million dollar trader.
Secondly since you are in a live funded account from Day 1 of being funded, all your trades are going to the market. When you make money, FTMO makes money. The money you are making is coming out of the market, not out of FTMO’s pocket.
I think this question comes from people with delusions of grandeur more than out of a realistic situation.
What Products Can I Trade With FTMO?
Basically any forex pair as well as a list of other products as well. Be sure to check their FAQs where they do list them out in detail. In general though, any futures pairs and some commodity pairs and indices. You can not trade futures, stocks or options with FTMO.
What Are The Monthly Fees or Activation Fee After Passing with FTMO?
None! There are no ongoing fees with FTMO once you are fully verified and trading a live account.
If I Break A Rule Can I Reset My Account at FTMO?
Unfortunately no once you break a rule your account is no longer eligible to be evaluated to be a funded forex trader. You can sign up again for a new account.
As well once you are funded in a Funded Account, you can not reset your account. If you break a rule once funded you would have to go through the evaluation again.
Conclusion
Hopefully the above questions and answers cover most of the questions you may have about FTMO. Be sure to check out my Exclusive Deals Page for the latest FTMO promo!
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Additional FTMO Articles I’ve Written
Note several of these articles are older and the information may have changed. Please Visit FTMO and their faqs section for the very latest.
- FTMO Overview
- FTMO Evaluation Process
- FTMO Evaluation Rules
- FTMO Payouts and Withdrawals
- FTMO Top 10 Questions Answered
Risk Disclosure:
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
Affiliate Disclosure:
The external links on my site and in my video descriptions to trader evaluation companies and software companies are primarily affiliate links. I earn a commission from these companies on any sale made from people visiting these links. That said, I only recommend companies and software I personally use and actually do recommend. Believe me, I turn down a lot of companies who approach me. You can read my full Affiliate Disclosure here.
Additional Disclosure:
The content provided is for informational purposes only. I do my best to keep the content current and accurate by updating it frequently. Sometimes the actual data, rules, requirements and other can differ from what’s stated on our website. CanadianFuturesTrader.ca is an independent website. You should always consult the rules, faqs, knowledge base and support of any of the websites and companies we link to or talk about on our site. The information on their site will always be what ultimately dictates the current rules of their program, software or other. While we are independent, we may be compensated for advertisements, sponsored products, or when you click on a link on our website. The contributors and authors are not registered or certified financial advisors. You should consult a financial professional before making any financial decisions.