When it comes to prop trading, one of the most important decisions a trader must make is selecting a funding program that suits their needs and budget. FTMO is one of the most popular and respected proprietary trading firms globally, and understanding their pricing structure is key to evaluating whether it’s the right platform for you. In this article, we will dive deep into the FTMO prices, breaking down the costs associated with various account types, challenges, and more.
Understanding FTMO Pricing Structure
FTMO offers traders a chance to trade with significant capital after passing a challenge phase. The firm’s pricing is primarily centered around the cost of the FTMO Challenge and the Verification phase, both of which are prerequisites to gain access to their funded accounts. To help traders make an informed decision, we will review the costs associated with each phase and discuss the additional fees and features available with FTMO accounts.
FTMO Challenge Price Breakdown
The FTMO Challenge is the first step in becoming a funded trader with FTMO. It allows traders to prove their skills by meeting specific trading objectives within a set period. The cost of entering the FTMO Challenge varies depending on the account size you choose.
Here is a breakdown of the FTMO Challenge prices based on account size:
| Account Size | FTMO Challenge Price |
|---|---|
| $10,000 | $155 |
| $25,000 | $250 |
| $50,000 | $400 |
| $100,000 | $600 |
| $200,000 | $1,100 |
What Does the FTMO Challenge Include?
When you pay for an FTMO Challenge, you are not only purchasing the right to trade a live account with FTMO’s capital but also gaining access to:
- Trading Objective: You need to achieve a 10% profit within a 30-day period.
- Risk Management Rules: You must follow strict guidelines to manage risk, including a 5% daily drawdown limit and a 10% total drawdown.
- Trader Flexibility: FTMO offers flexibility on trading styles, allowing you to use manual trading, EAs (Expert Advisors), and scalping.
- Real-Time Performance: FTMO provides traders with a real-time dashboard that tracks their performance and keeps them accountable throughout the challenge.
FTMO Challenge Pricing is designed to be an affordable entry point for most traders, while also ensuring that only those who demonstrate consistency and skill move on to the Verification Phase.
FTMO Verification Pricing
After passing the FTMO Challenge, traders must complete the Verification Phase. This phase allows you to prove that your success in the challenge wasn’t a fluke and that you can consistently adhere to FTMO’s trading rules.
The cost for the FTMO Verification Phase is the same as the FTMO Challenge. Traders must pay the same price as they did for the initial challenge. Here’s a quick recap of the verification prices:
| Account Size | FTMO Verification Price |
|---|---|
| $10,000 | $155 |
| $25,000 | $250 |
| $50,000 | $400 |
| $100,000 | $600 |
| $200,000 | $1,100 |
Verification Phase Details:
- The objective is to make 5% profit within 60 days.
- You are allowed to trade with the same rules and leverage as in the challenge phase.
- The same drawdown limits apply, with a 5% daily drawdown and a 10% total drawdown.
Once you pass the Verification Phase, you will be eligible for an FTMO funded account, where you trade with FTMO’s capital and keep a large portion of the profits.
FTMO Account Pricing After Approval
Upon successfully completing both the FTMO Challenge and Verification Phase, you will receive a funded trading account. FTMO operates on a profit-sharing basis, which means you’ll keep a portion of the profits you generate while trading the firm’s capital.
FTMO offers the following profit-sharing structure:
- FTMO Account Profit Split: 70% of profits go to the trader, and 30% is retained by FTMO.
However, it’s important to note that FTMO charges no ongoing fees once you are approved for a funded account. There are no hidden or monthly costs associated with maintaining the funded account, which makes FTMO a cost-effective way to gain access to large trading capital.
Additional FTMO Costs and Fees
While the FTMO Challenge and Verification Phase are the main costs associated with joining the program, there are a few additional considerations to be aware of when it comes to FTMO’s pricing.
Scaling Plan Fees
FTMO offers a scaling plan to traders who prove themselves as consistently profitable. This plan allows you to increase the size of your funded account as you demonstrate consistent profitability.
Here’s how the scaling plan works:
- After 4 months of consistent profit, your account size can be doubled without any additional fees, and you maintain the same profit split.
- FTMO uses profit milestones to determine the scaling process, with the first increase happening once the trader reaches a 10% profit.
There are no extra fees associated with scaling your account, which is an added benefit for traders who wish to grow their trading capital over time.
Account Re-Verification Costs
If a trader fails to meet the FTMO Challenge or Verification Phase rules, they can retake the challenge. The cost for reapplying to the challenge is the same as the initial fee. However, FTMO offers discounts for traders who fail and wish to retry.
- Retake Offer: After failing the challenge, FTMO provides a discounted price for a retake, usually 50% off the original price, depending on the circumstances.
Withdrawals and Payouts
FTMO does not charge any fees for withdrawing profits from your funded account. All withdrawals are processed through bank wire or e-wallets, and there are no hidden charges.
FTMO Prices Compared to Other Prop Trading Firms
FTMO is one of the most competitive prop trading firms in terms of both pricing and profit-sharing. When compared to other top-rated prop firms, FTMO’s structure stands out for its flexibility and low initial deposit requirements.
Let’s look at how FTMO’s pricing compares to other prop trading firms:
| Prop Firm | Entry Cost (Challenge) | Profit Split | Account Size Options |
|---|---|---|---|
| FTMO | From $155 | 70% to trader | $10,000 to $200,000 |
| The 5%ers | From $187 | 50% to trader | $200,000 to $200,000 |
| TopStepFX | From $165 | 80% to trader | $50,000 to $150,000 |
| FundedNext | From $95 | 90% to trader | $10,000 to $200,000 |
Conclusion: Is FTMO’s Pricing Worth It?
The FTMO prices for both the Challenge and Verification Phases are highly competitive when compared to other proprietary trading firms. With entry fees as low as $155 for a $10,000 account, FTMO offers an affordable entry into the world of funded trading. Their profit split of 70% in favor of the trader is among the most generous in the industry, making FTMO an appealing choice for traders seeking a partnership with a reputable prop firm.
Whether you are a new trader looking to gain experience or an experienced trader wanting to scale your capital without risking your own funds, FTMO offers an attractive and cost-effective solution. The low entry costs, transparent fee structure, and scaling opportunities make FTMO an ideal choice for serious traders ready to take their trading careers to the next level.
For further details on FTMO’s pricing and trading opportunities, visit the official website.