How to Trade the Big 3 News Events in Prop Firms
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CEO Otakar Šuffner
Date Created 2015
FTMO
Years In Operation: 10
Date Created 2015
4.8 out of 5 Trustpilot

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Firm Overview

TRADABLE MARKETS:
CFDs
PAYMENT METHODS:
Bank Transfer
Credit/Debit Card
Credit/Debit Card
Crypto
Crypto
PayPal
PayPal
Skrill
Skrill
PLATFORM:
cTrader
DxTrade
MT4
MT5
Available Support Channels:
Discord
Discord
Email
Email
Live Chat
Live Chat
24/7 SUPPORT AVAILABLE
Payout Methods:

Commissions

  • Forex – $5/lot.
  • Metals – 0.014%/volume.
  • Indices – $0.
  • Crypto – 0.0650%/volume.
  • Equities – 0.0040%/volume.

Consistency Rules

  • No consistency rules.

Firm Rules

  1. News Trading – Allowed in an FTMO Challenge and Verification without any restrictions. After passing the Evaluation and unless you have a Swing Account, you are not allowed to execute any new trade or close an existing 2 minutes before/after a high-impact release. You are allowed to hold trades that were opened 2 minutes before, however your TP or SL cannot be triggered in the 4 minute window or it may be taken as a violation of the FTMO account.
  2. Overnight Holding – Allowed in the FTMO Challenge and Verification. However, as an FTMo trader you have to close your positions before markets close for the weekend or if the rollover is longer than 2 hours.
  3. Minimum Trading Days (Evaluation Only) – 4 days.
  4. Maximum Volume Per Order (Forex) – 50 lots.
  5. Scaling Plan - In order to scale your account, must meet the following criteria:
    1. 4 months cycle.
    2. At least 10% total profit in the 4-months trading.
    3. At least 2 rewards processed.
    4. Positive account balance at the time of scaling up.
    5. Can result in reward caps up to 90% and can scale up to $2M.
  6. Inactivity Rule – Must open at least one trade every 30 days to prevent being breached for inactivity.

Payout Policy

Payout Policy
  • Profit Split – 80%. Can scale up to 90% if you qualify for the scaling plan.
  1. Frequency – Processed after a minimum of 14 days after the first day of trading.
  2. Minimum Profit – No minimum reward, only enough to cover the transaction fees.
    1. Bank Transfer – $20.
    2. Crypto – $50.

KYC

  • After you pass the FTMO Challenge, you will go through a verification stage where you will complete the KYC.

Restricted Countries

Afghanistan
Afghanistan
Belarus
Belarus
Burundi
Burundi
Central African Republic
Central African Republic
Comoros
Comoros
Republic of the Congo
Republic of the Congo
Cuba
Cuba
Indonesia
Indonesia
Iraq
Iraq
Kosovo
Kosovo
Liberia
Liberia
Mali
Mali
Marshall Islands
Marshall Islands
Papua New Guinea
Papua New Guinea
Somalia
Somalia
South Sudan
South Sudan
Sudan
Sudan
Ukraine
Ukraine
Venezuela
Venezuela

Frequently Asked Questions

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FTMO

Yes, FTMO does offer a Free Trial account which allows you to get familiar with most of FTMOs applications. See more here: https://ftmo.com/en/faq/how-about-a-free-trial.

Max allocation is $400,000 prior to scaling. 

This account type does not have any restrictions on holding trades overnight and over the weekend, nor are there any restrictions around news trading. This is perfect for swing traders. 

Yes, it is refunded with your first Reward withdrawal from the FTMO account. 

Yes, there are free trials to find out more see this link: https://help.fundednext.com/en/articles/8902893-fundednext-free-trial-rules.

FTMO Prop Firm Challenges

FIRM
PROFIT TARGET
DAILY LOSS
MAX LOSS
PROFIT SPLIT
PAYOUT FRE.
PRICE

No challenges available for this firm yet.

Price History

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