Can You Turn $100k into $1 Million? FTMO's Challenge for Aspiring Prop Traders
Prime Your Trading Future: FTMO's 100k Account & Beyond - Performance Coaching, Scaling Plan & Quantlane Status
Le'ts cut to the chase! FTMO is the best, most trusted prop trading firm in the world, it's like the "Apple" of the prop firm industry... here is why:
.....Has anyone else experienced this? My goal would be to pass phase 2, get funded, and get back over to FTMO ASAP! I don't know if it's just their broker Eightcap or what, but this is frustrating.
This is a snippet from A Reddit user's post named dbro in a forex related subreddit, in the post he talks about slippage and poor execution during TheFundedTraderChallenge.
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just for the record, TFT is also a good company, their 17,114 Trustpilot reviews avereging of 4.4 stars is something afterall!
Anyways, the the funny thing is that my friend and i have said the same exact thing...
an i'm sure there many others who feel and think the same way.
in this article we're going to delve into FTMO 100k challenge (as an example), objectives, rules and the path to $1 million funded account without daily loss limit, 90% profit split, Free performance coaching and other benefits...
FTMO: An Overview:
The idea to start the FTMO project, which was initially called Ziskejucet.cz, began in 2014 in a small Prague office in Czech Republic in Europe where a handful of young daytraders, including the future founders, joined their forces.
FTMO stands at the forefront of revolutionizing the trading landscape, offering a unique pathway for traders to turn their ambitions into achievements.
As a premier prop trading firm, FTMO provides funded accounts, starting from $10K to 200k and scaling up to $1 million, coupled with exceptional benefits like:
Free performance coaching
Superb Customer Support
Free Trial ( to try the Two phases of the challenge for 14 days)
advanced analytical dashboard and Custom apps
Excellent Market Execution and low spreads
Fast Payouts: average of 8 hours
Premium Programme
Scaling-Plan and A premium Programme for a Prime, Supreme and Quantlane status (Further details about the Premium Programme Later)
Their Premium Programme, featuring Prime and Supreme Status, takes traders on a journey of escalating rewards, leading to the pinnacle – an opportunity to join Quantlane, a traditional proprietary trading firm under the FTMO Group.
"Despite our different approaches to trading, we mutually agree that professionalism can only be achieved through strong discipline in observing one’s own rules. By maintaining rigorous self-discipline, one reaches a point where team spirit and unobtrusive supervision of other traders form the backbone of conscientious and successful trading." FTMO Co-Founders
FTMO Funded Challenge Structure:
The 100K Challenge, Trading Objectives, Rules and price:
(Phase 1): FTMO Challenge
An FTMO Challenge is the first step of the Evaluation Process. You need to succeed here to advance into the Verification stage. Prove your trading skills and discipline in observing the Trading Objectives.
Account Balance: $100,000 (virtual account)
Profit Target: 10% (earn $10,000)
Maximum Loss: 10% (lose no more than $10,000)
Maximum Daily Loss: 5% (lose no more than $5,000 in a day)
Minimum Trading Days: 4 (trade for at least 4 days)
Trading Period: Unlimited (take as long as you need to meet the objectives)
(Phase 2): Verification Proccess
A Verification is the second and the last step towards becoming an FTMO Trader. Once you pass a Verification stage and your results are verified, you will be offered to trade on an FTMO Account.
Account Balance: $100,000 (simulated)
Profit Target: 5% ($5,000)
Maximum Loss: 10% ($10,000)
Daily Loss: 5% ($5,000)
Minimum Trading Days: 4 Trading Days
Trading Period: Unlimited (no time limit to achieve the Profit Target)
Price: The fee is reimbursed to you with the first Profit Split when you become an FTMO Trader.
The 100k Challenge fee is €540
Rules: In an FTMO Challenge and Verification, you can trade freely during all news releases.
After you pass the Evaluation Process (consisting of FTMO Challenge + Verification), and unless your account type is Swing, you should be careful when trading during news releases.
While ordering an FTMO Challenge you can choose Swing as your account type while configuring your order. You can also convert your account type later on after starting your FTMO Challenge.
The FTMO's Premium Programme: the path to $1 million of funded capital and supreme status
FTMO's Premium Programme, where elite traders gain access to exceptional benefits and rewards. The programme has two main levels that you can achieve, with the possibility of even reaching the third level.
LEVEL 1: PRIME STATUS
Prime Status is the very first level of the Premium Programme, where you can enjoy a wide range of benefits. In order to become the Prime Trader
you must meet the following criteria:
Eligibility: You must have an active FTMO Account of any size. Aggressive accounts are not eligible, and won't be displayed in the account selection menu on the progress page. If you decide to merge multiple FTMO Accounts, the payout counter is reset.
Clean Record: You should have no failed FTMO Account within the last 4 months from the date you applied to become a Prime Trader. This requirement is reviewed on a per-account basis.
Profitability: Achieve 4 payouts on a single order, with a minimum profitability of 4% (from the initial balance) per payout before the split (these payouts don't have to be consecutive).
PRIME STATUS BENEFITS:
One Free FTMO Challenge of the same size as the qualified FTMO Account
A dedicated customer support agent to assist Prime Traders
90% payout ratio
Special certificate for your achievement
One Free FTMO Challenge of the same size as the qualified FTMO Account
Maximum Capital Allocation increased to $600K
Access to the unique $400K FTMO Challenge product
No time limits on this condition as long as your Prime Status is active
5% bonus on the rollover amount added to the subsequent FTMO Account
Exclusive discounts: 10% off all new purchases of FTMO Challenges and 15% off at the FTMO e-shop during the Premium Programme.
LEVEL 2: SUPREME STATUS
You may be eligible to receive the Supreme Status if you fulfil the following criteria:
Eligibility: You must have an active $400K FTMO Account (Merged from two $200K FTMO Accounts or a single $400K FTMO Account)
Profitability: Active participation with the Prime Status for 3 months with at least 3 payouts and 4% profitability per payout.
SUPREME STATUS BENEFITS:
All Prime benefits
$1M Max. Capital Allocation
No Maximum Daily Loss
Immediate payout
Physical badge of achievement
Opportunity to move to Quantlane (subject to passing their assessment)
Exclusive merch
LEVEL 3: Quantlane STATUS
The ultimate climax of the Premium Programme shall be The acquired traditional proprietary trading company - Quantlane.
Quantlane was founded in 2014 and since this year operates under the wings of the FTMO Group. The company is filled with mathematicians, engineers, quants, developers, and trading enthusiasts who build multiple trading strategies in order to tackle the challenges in the financial markets.
Once you qualify for the Supreme status, you will have the opportunity to be assessed for a job position at this traditional proprietary trading firm to bring your trading career among the professionals in the highest levels of the industry.
If the outcome of the assessment is positive, you may expect the following benefits of this programme:
QUANTLANE STATUS BENEFITS:
2-year contract with a fixed salary
Competitive trading bonus scheme
Institutional trading conditions - spreads, liquidity, risk framework
Performance & mindset coach
Custom platform & tooling
Trading station in Prague and a relocation package
Part of the team
What other people say about FTMO?
Great firm nothing to say!
Great firm, very satisfied with the customer support.Once I passed the challenge, I immediately received the live account credentials.If you are looking for a trustworthy company this is it.Highly Recommend it!
TOM from Great Britain
theres no need to even talk FTMO is nr 1 prop firm
theres no need to even talk, ftmo is nr 1 propfirm,as i was saying a few days a ago to a friend, FTMO v other firms is like comparing a german car to a chinese one,lol
Vlad Trd from Moldova
Empathy and certainty
The provided information was exactly what I needed and my issue was fixed at first attemption.
Naxo from Spain
But is it all Sunshine and Roses?
Of course not, there are a couple of cons to mention:
Comparing to other prop firms the cost of the challenge is a bit higher
No Swap free account option, which is very good thing to have if you're a swing trader.
No One-Phase-Challenge Option
As a New FTMO Customer the Maximum Challenge Account size you can purchase is 200k.
But we can comfortably say that the Pros outweigh the cons with miles
Now, you reached this far, what are you waiting for? For me is always discipline
Get Access To Up to 200k Funded Account
@TradingDragons 2024
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