FTMO

FTMO is a Prague-based proprietary trading firm founded in 2015. Traders pass an evaluation (1-Step or 2-Step Challenge) to access a simulated FTMO Account with initial balances from $10,000 to $200,000, and keep most of the simulated profits as a reward.

Standard Challenge balances are $10,000, $25,000, $50,000, $100,000 and $200,000. Consistently profitable 2-Step traders can grow allocation by 25% every 4 months under the Scaling Plan, up to $2,000,000 across FTMO Accounts.

2-Step FTMO Accounts start at an 80% trader / 20% firm split. After qualifying for the Scaling Plan, that trader share rises to 90%. 1-Step accounts pay 90% from the first reward without waiting for scale-up.

The first payout can be requested 14 calendar days after your first trade on the funded account. After that, rewards are on demand: you choose the date rather than waiting for a fixed monthly cycle. Review typically takes 1–2 business days, then transfer another 1–2 business days depending on the method.

FTMO processes rewards by bank wire, Visa Direct / Mastercard Send, Skrill, and cryptocurrency. The firm does not add its own commission. Bank and card routes usually have a $20 minimum; crypto typically requires at least $50.

FTMO does not charge a payout commission and does not withhold personal income tax on rewards. You remain responsible for taxes in your country of residence. Intermediary banks or crypto networks may still deduct their own fees. The Challenge fee is typically refunded with the first successful payout.

Every 4 months, 2-Step accounts that make at least 10% net profit, take at least two payouts, and stay in profit can receive a 25% balance increase and a 90% reward ratio. Repeating the cycle can grow simulated capital toward $2,000,000. 1-Step traders already start at 90% split; scale-up rules differ by product.