FTMO
FULL REVIEW 2026
Overview
FTMO is the gold standard of proprietary trading. Founded in 2015 in Prague, Czech Republic, FTMO has paid out over $650 million to funded traders worldwide and holds a 4.8/5 rating on Trustpilot from 40,000+ verified reviews — the highest of any major prop firm in the industry.
The model is straightforward: pass a 2-step evaluation (Challenge + Verification) to prove you can trade consistently, then receive a funded account with up to $200,000 in capital. You keep up to 90% of the profits. The challenge fee is fully refunded with your first payout.
FTMO has been recognized by Deloitte Technology Fast 50 from 2019-2023 and won Best Prop Trading Firm at the Finance Magnates London Summit in both 2023 and 2024. This is not a fly-by-night operation — it is the most established and trusted prop firm in existence.
Challenge Types
Fees are charged in USD, EUR, CZK, GBP, AUD, CAD or CHF. Rewards are bi-weekly, first request 14 days after your first trade.
| Field | 2-Step Standard | 2-Step Swing | 1-Step |
|---|---|---|---|
| Phases | 2 | 2 | 1 |
| Account type | FTMO Standard | FTMO Swing | Standard only — Swing is not offered and cannot be added |
| Leverage | 1:100 | 1:30 | 1:100 |
| US traders | Accepted via FTMO US | Accepted via FTMO US | Accepted via FTMO US |
| Overnight & weekend | Restricted once funded | No restrictions | Restricted — no Swing option |
| News (funded) | 2-min window applies | Exempt | 2-min window applies |
| Profit target | 10% then 5% | 10% then 5% | 10% |
| Max loss | 10% static | 10% static | 10% EOD trailing |
| Max daily loss | 5% | 5% | 3% |
| Best Day / consistency | None | None | 50% of positive-days profit |
| Min trading days | 4 days | 4 days | None |
| Trading period | Unlimited | Unlimited | Unlimited |
| Reward split | 80%, rising to 90% | 80%, rising to 90% | 90% from day one |
| Fee refund | Yes — may be refunded with your first reward | Yes — may be refunded with your first reward | No — never refunded |
| Payout caps | None published | None published | None published |
| Fee · USD · captured 3 Aug 2026 | |||
| $10,000 | $103.85 | $115.52 | $92.18 |
| $25,000 | $291.73 | $325.57 | $232.22 |
| $50,000 | $402.59 | $442.27 | $372.25 |
| $100,000 | $512.28 | $698.99 | $582.30 |
| $200,000 | $1,260.29 | $1,260.29 | $1,165.77 |
Prices move with promotions and currency selection — the checkout figure is the only real one. A dash means the firm does not offer that size on that plan.
Key Information
The firm
The challenge
Money & access
The Rules That Matter
The rules that decide whether you pass, and what each one actually constrains:
Daily drawdownFTMO allows a 5% daily loss. Your exposure is your risk per trade multiplied by the positions you hold at once — eight open positions at 1% each is 8% at risk, above the 5% limit. A stop caps a loss; it does not cap a gap.
Max drawdownFTMO allows 10% total. That limit can be reached by a run of losing trades, and consecutive losses do occur. Nothing resets it.
Profit targetthe Challenge requires 10% in Phase 1 and 5% in Phase 2, with a 4-day minimum and no deadline on either. How long that takes depends entirely on market conditions.
Payouts & Trust
Payout scheduleProfits can be requested every 14 days after your first trade on the funded account. No minimum profit threshold beyond $20 (bank) or $50 (crypto). Minimum $20 by bank wire or $50 by crypto.
Payout methodsBank wire transfer and cryptocurrency (Bitcoin/USDT). The firm covers transaction fees on their end.
TransparencyFTMO publishes all evaluation rules, drawdown limits, and trading conditions publicly. No hidden rules. No fine print surprises. What you see on their website is what you get in practice. This transparency is a major reason for their industry-leading Trustpilot score.
Awards & RecognitionDeloitte Technology Fast 50 (2019-2023), Best Prop Trading Firm at Finance Magnates London Summit (2023, 2024), and featured in Forbes (2024). Verified payout records going back to 2015 — no credible payout disputes in verified trader communities as of May 2026.
Payout Process & Support
FrequencyEvery 14 days. Minimum $20 (bank) or $50 (crypto) threshold.
SpeedBank wire and crypto timings are not published by FTMO. Rewards are processed bi-weekly.
MethodsBank wire and crypto (BTC, USDT). Skrill/Payoneer may be available by region.
ScalingGrow up to $2,000,000 in funded capital. Profit split starts at 80% (2-step) or 90% (1-step), scaling to 90% for all types.
SupportLive chat, email, Account MetriX dashboard for real-time risk monitoring. Performance coaches available for funded traders.
Pros & Cons
| What works | |
|---|---|
| ✓ | 4.8/5 Trustpilot from 40,000+ verified reviews — highest in the industry |
| ✓ | $650M+ paid out since 2015 — longest proven payout track record |
| ✓ | Challenge fee 100% refunded on your first payout |
| ✓ | Scaling plan up to $2M in funded capital |
| ✓ | MT4, MT5, cTrader and TradingView all supported |
| ✓ | Payouts every 14 days · $20 minimum by wire, $50 by crypto |
| ✓ | At 0.5% risk per trade, eight open positions is 4% — inside their 5% daily limit |
| ✓ | No time limit on challenge phases — trade at your own pace |
| ✓ | Transparent rules — no hidden terms or fine print surprises |
| ✓ | EAs, hedging, and weekend holding allowed |
| What to watch | |
|---|---|
| ✗ | Higher challenge fees than newer competitors like FundedNext |
| ✗ | 2-step evaluation adds time before reaching funded status |
| ✗ | Strict 5% daily loss rule — no room for reckless trading |
| ✗ | FTMO US runs MT5 in netting mode — FIFO enforced, no hedging, 1:33 max leverage |
All 9 Prop Firms Compared
Every prop firm we review, side by side. Ratings are Trustpilot, checked August 2026. Entry fee is the cheapest account on the cheapest plan a firm offers — that is not always its headline product. The $100K column is the tier most traders actually buy.
| Firm | Steps | Entry | $100K | Max loss | Daily | Split | Refund | US | EU | Code |
|---|---|---|---|---|---|---|---|---|---|---|
| FTMO CFD · ★4.8 · ● HERE | 123⚡ | $92.18 | $512.28 | 10% static | 5% / 3% | 80–90% | 2-Step only | Yes | Yes | AUTO 19% |
 FundedNextCFD+FUT · ★4.5 | 123⚡ | $44.99 | $549.99 | 10% / 6% | 5% / 3% | 80–95% | Yes | Restr. | Yes | NEW25 |
 FundingPipsCFD · ★4.5 | 123⚡ | $29 | $422 | 6–12% ▲ | 3–5% | 60–100% | 4th payout | Yes | Yes | HELLO |
 The5ersCFD+FUT · ★4.7 | 123⚡ | $22 ▲ | $491 | 6% / 10% | 3–5% | 75–100% | 70% partial | Fut. only | Yes | — |
 Alpha CapitalCFD · ★4.7 | 123⚡ | $27 | $397 | 6–10% | 3–5% | 80% | None | Yes | Yes | — |
 E8 MarketsCFD · ★4.3 | 123⚡ | $44 | $440 | 6% dynamic | 4% | 80–100% | Pre-trade | Yes | Yes | E8Path |
 FXIFYCFD+FUT · ★4.4 | 123⚡ | $31.20 | $319.20 ▲ | 5–10% | 3–5% | 75–100% | 100% ▲ | No | Yes | HOT20 |
 TopstepFUTURES | 123⚡ | $49/mo | $99/mo | EOD trail | optional | 90–100% | 14-day only | Yes | Yes | — |
 My Funded FuturesFUTURES · ★4.8 | 123⚡ | $53/mo | $134/mo | EOD trail | none ▲ | 80–90% | Untraded only | Yes | Yes | — |
Steps: 1 / 2 / 3 phase · ⚡ instant funding. A lit chip means the route is offered, not that it is better. ▲ marks the best figure in that column among comparable plans. Futures firms bill monthly, so their fees are not compared against one-time CFD fees. Topstep shows no rating because their Trustpilot profile was merged and the two live figures disagree. EU is derived from each firm’s own published restricted-country list — no EU member state appears on any of the nine. Codes are the firm’s own, verified at checkout — we do not list third-party affiliate codes. A dash means no code is published, not that no discount exists.
The trust factor is unmatched. With 9 years of operation, $650M in verified payouts, and a 4.8/5 Trustpilot from 40,000+ reviews, FTMO is the one prop firm where you can be confident your profits will actually reach your bank account. Higher challenge fees are the trade-off for that certainty — and since the fee is refunded on your first payout, the net cost is zero if you pass.
READY TO GET FUNDED WITH FTMO?
Start with a challenge, trade with up to $200K. Fee refunded on first payout.
