Overview
Founded in 2015, FTMO is the firm that turned prop trading challenges into a mainstream product. It funds traders in forex, indices, commodities and crypto CFDs after a two-phase evaluation, and it remains the benchmark other firms are measured against.
Key Features
- Two-phase evaluation: 10% target in Phase 1, 5% in Phase 2
- Profit split starting at 80% and scaling to 90%
- Account scaling that grows your allocation as you stay profitable
- Free repeat of a phase if you fail it while respecting the rules
Fees
Challenge fees start around €155 for a $10,000 account and scale up with allocation size. The fee is refunded with your first payout if you pass and trade profitably — which effectively makes a successful challenge free. Failing means losing the fee, and most participants do fail: treat it as a paid exam, not an investment.
Regulation & Safety
FTMO is a Czech company with the longest continuous operating history in the space and a well-documented payout record. Note that prop firms are not brokers and are not covered by investor protection schemes — you trade a simulated account and get paid a share of the notional profits. FTMO does not accept US clients.
Ready to get started with FTMO?
Visit FTMO →Platform Experience
You can trade on MT4, MT5, cTrader or DXtrade, and FTMO's own dashboard is the best in the industry for tracking your objectives, drawdown and trading statistics in real time. The metrics tools genuinely help you spot bad habits.
Mobile App
Trading happens through the standard mobile apps of your chosen platform, while FTMO's own app lets you monitor challenge progress and account metrics on the go.
Pros & Cons
Pros
- Longest track record in the industry
- Up to 90% profit split with scaling
- Free retry on a failed second phase if phase one was passed
Cons
- Strict daily drawdown rules
- No US clients
Who Is FTMO Best For?
Disciplined forex and indices traders outside the US who already have a tested strategy and want the most credible, longest-running funding program available.
Final Verdict
FTMO remains the default answer in prop trading: the longest track record, the most transparent rules, and a payout history nobody seriously disputes. It is not the cheapest and its daily drawdown rule punishes sloppy risk management — which is precisely why passing it means something.
Get Started with FTMO →