FTMO Review 2026: Is It Legit? Challenge Rules, Drawdown Limits and Payouts

What it is

FTMO is a prop firm operating since 2015. Jurisdiction: Czech Republic, Prague. Legal entity: FTMO s.r.o.; FTMO Evaluation Global s.r.o.. You pay for an evaluation, prove you can respect risk limits, and get a funded account with most of the profit paid to you.

Figures below come from the company's public data as of this page's update date. Prop firms change terms more often than brokers, so verify them on the FTMO site before paying.

Challenge conditions

Account sizes: $10 000 – $200 000. Fee: from ~€155 to ~€1,080 per attempt. Structure: two phases: Challenge (~10% target) and Verification (~5% target). Drawdown limits: 5% daily loss limit, 10% overall from the starting balance. Platforms: MT4, MT5, cTrader, DXtrade.

Payouts

80% profit split, up to 90% on the scaling plan. On demand 14 days after the first trade; bank, card, skrill, crypto; the challenge fee is refunded with the first payout.

Drawbacks

• Two-phase model takes longer than one-phase
• Not available for Russia and Belarus
• Strict news-trading rules on some accounts

The calculation most people get wrong

The cost of access to capital is not the challenge fee — it is the fee multiplied by the average number of attempts. Published industry pass rates run from a few percent to around 10%. Multiply from ~€155 to ~€1,080 per attempt by a realistic number of attempts and compare it with trading your own deposit at the same risk — position size calculator.

Availability

Residents of russia and belarus cannot register; kazakhstan, uzbekistan, armenia, georgia and most cis countries are available.

Other prop firms

Hash Hedge, FundedNext, The5ers, Topstep, Alpha Capital Group, E8 Markets, MyFundedFX, Funded Trading Plus

If the prop model does not suit you, compare regulated brokers instead.