FTMO.com Funded Account Challenge Explained!

The FTMO Funded Account Challenge is a two-step evaluation process designed to test your trading consistency and risk management skills. The first step is the FTMO Challenge, where you need to prove that you can trade responsibly and manage risk properly. The second step is the Verification stage, which has much easier Trading Objectives compared to the FTMO Challenge stage.

FTMO Challenge

The FTMO Challenge is the first step of the evaluation process. Before you are allowed to trade the FTMO Account connected to the Proprietary Trading firm, you need to pass the FTMO Challenge. The FTMO Challenge stage has reasonable rules, where the Profit Target is in balance with the drawdown allowed. The FTMO Challenge has Trading Objectives that need to be met within a minimum of 4 trading days and a maximum of 30 days. Once all the Trading Objectives of the FTMO Challenge are met, you can proceed to the Verification phase.

 

FTMO Verification Stage

The Verification stage is the second and final step of the evaluation process. The purpose of the Verification stage is to test your trading consistency. You need to prove that you can trade your system or strategy profitably in the long run while respecting the rules. The Verification stage has much easier Trading Objectives compared to the FTMO Challenge stage. In the Verification, the Profit Target is reduced by half, and you have a full 60 calendar days to score here. As soon as you succeed in all Trading Objectives, you will be welcomed among the FTMO traders.

Becoming an FTMO Trader

After you have passed all the Trading Objectives in the FTMO Challenge and the Verification stage, you will see a notification in your Account MetriX informing you about your success. You don’t need to trade the account anymore once your Trading Objectives are marked as passed. After approximately 1–2 business days, you will receive the new account login credentials for the Verification stage. When you are an FTMO Trader, you have the most convenient trading conditions you can imagine. The Profit Target requirement is completely removed to give you the freedom to trade with peace of mind. The only requirement is to respect the drawdown rules (Maximum Daily Loss and Maximum Loss), which are the most important rules FTMO cares about. The FTMO Account is connected to the Proprietary Trading Firm’s live trading account with real capital.

 

Tips for Success in FTMO

To pass the FTMO Challenge, you need to follow a disciplined approach to trading, use specific indicators to identify potential trades, minimise your losses and take profits, look for confirmation on the daily chart, and keep an eye on the 20, 100, and 200 Moving averages.

 It’s important to eliminate the factor of luck in your trading and believe in yourself. Have confidence and stick to your plan. Focus on developing your skills and selecting the right trades. Use proper risk management techniques and perform analysis on longer time frames.

FTMO Pricing

The FTMO Challenge has a fee of EUR 155 for an initial capital of EUR 10,000. The fee for the FTMO Challenge Aggressive with an initial capital of EUR 10,000 is also EUR 155. The fee for the FTMO Challenge with an initial capital of EUR 20,000 is EUR 265, and the fee for the FTMO Challenge Swing with an initial capital of EUR 20,000 is also EUR 265. The fee for the FTMO Challenge with an initial capital of EUR 80,000 is EUR 540, and the fee for the FTMO Challenge Swing with an initial capital of EUR 80,000 is also EUR 540. The default payout ratio for all FTMO Traders is set to 80:20, but it can be increased up to 90% if you meet the conditions of the Scaling plan.

 

 conclusion,

the FTMO Funded Account Challenge is a great opportunity for aspiring traders to grow their trading skills and become proficient in the financial market. It is important to follow a disciplined approach to trading, use proper risk management techniques, and perform analysis on higher time frames to achieve success.