FTMO is not a broker. Understanding that distinction is the starting point for everything else. It is a Prague-based evaluation platform that lets disciplined traders prove their skills in a simulated environment — and earn real cash performance rewards of up to 90% of simulated profits without ever risking their own trading capital. Since 2015, it has paid out more than $650 million to over 4.5 million customers across 140+ countries.

FTMO statistics: $650M+ paid, 4.5M+ customers, 4.8/5 Trustpilot rating since 2015
FTMO by the numbers: a decade of operation, $650M+ in performance rewards paid, and a 4.8/5 Trustpilot score.

1. What FTMO Is (and What It Isn't)

The most common misconception about FTMO is that it operates like a brokerage firm where you deposit money and trade live markets. It does not. The company's full legal name is FTMO Evaluation Global s.r.o. (Identification No.: 092 13 651), headquartered at Quadrio offices, Purkynova 2121/3, Nové Město, Prague, Czech Republic.

FTMO operates entirely outside the regulatory perimeter of the Czech National Bank (CNB) and other financial supervisors — because all market activity on the platform uses fictitious capital in a simulated environment. It is registered as a commercial company delivering educational services, analytical software, and structured trading evaluations, not as a licensed investment firm.

✓ What FTMO Is

  • Educational & evaluation provider (Prague, CZ)
  • Simulated trading platform with live data feeds
  • Performance reward grantor (up to 90% split)
  • Software & analytics dashboard provider
  • Czech commercial entity (non-financial)

✗ What FTMO Is Not

  • A licensed financial brokerage
  • A deposit-taking institution
  • A regulated investment advisor
  • A direct market counterparty
  • Regulated by CNB or equivalent
Bottom Line

All trading across FTMO Evaluation Challenges, Instant Accounts, and Sim-Funded accounts is conducted with fictitious funds in a simulated demo environment. Real-time market data is provided by third-party liquidity partners to replicate live conditions. Performance reward payouts are real cash — but they come from FTMO's corporate funds based on your simulated P&L, not from market gains.

2. How the FTMO Model Works: From Demo to Real Rewards

The mechanism that converts simulated trading performance into real monetary rewards sounds paradoxical at first. Here is how it works in practice.

Phase 1
Evaluation Challenge
Trade simulated capital to hit Profit Targets while staying within Daily Loss and Max Drawdown limits. Prove your discipline.
Phase 2
Sim-Funded Account
Earn real-money performance rewards — up to 90% profit split. No profit target required. Risk limits continue to apply.
Phase 3
FTMO Live Account
Top performers with consistent long-term track records may be considered for a real Live Funded Account. Invitation only.
The FTMO Pipeline: Phase 1 Evaluation, Phase 2 Sim-Funded Account, Phase 3 Live Account
The three-phase FTMO progression: Evaluation → Sim-Funded → Live Account. Most traders monetise at the Sim-Funded stage.

Once in a Sim-Funded account, your simulated P&L is tracked against real-world bid-ask spreads, commissions, daily swap rates, and overnight financing fees — so the performance metrics reflect what would have happened on a live account. Verified profits then become eligible for contractual payout requests at your plan's reward ratio (up to 90%).

3. Regional Access: Global vs. US Traders

FTMO's product availability varies significantly by region. This is one of the most practically important distinctions for new traders to understand before signing up.

FTMO trading jurisdiction: Global (CFDs + Futures) vs United States (Futures only)
US traders are restricted to Futures products only. CFD-based challenges (Forex, Indices, Commodities) are not available to US residents.
Navigating FTMO: Evaluation Levels & Regional Access — full overview diagram
Complete FTMO evaluation landscape: regional product options, evaluation phases, simulated environment, multi-account limits, and the path to a Live Account.

4. CFD Evaluation Paths

CFD evaluations are available in account sizes from $10,000 to $200,000 (also offered in EUR, GBP, and other currencies). There are three main routes:

2-Step Challenge (Traditional Route)

The most popular path. Two evaluation phases must be passed consecutively:

1-Step Challenge

A single-phase evaluation with tighter rules designed for experienced traders:

Instant Account

No evaluation phase — direct access to a Sim-Funded account with immediate reward eligibility:

Standard vs. Swing Accounts

When configuring a CFD Challenge, you also choose between two operational modes:

Practical Note

Account type modifications (Standard ↔ Swing) can only be processed before placing the first trade or following a reward withdrawal. Plan your trading style before you begin.

5. Understanding Risk Limits

FTMO's risk framework is strict by design — the entire premise is that you demonstrate disciplined risk management, not just profitability. Two limits govern every account simultaneously:

Visualizing FTMO risk limits: Daily Loss Limit and Max Drawdown trailing threshold on a $50K account
On a $50K Growth account: the $1,000 Soft Daily Loss Limit and the $2,000 EoD Trailing Max Drawdown both monitor your equity simultaneously.
Limit Type What It Measures Breach Consequence
Daily Loss Limit Maximum loss allowed within a single calendar day Immediate evaluation failure or Sim-Funded account forfeiture
Max Drawdown (EoD Trailing) Trailing limit based on End-of-Day equity high — moves up as you profit, never down Immediate evaluation failure or Sim-Funded account forfeiture
⚠ Warning

Hitting either the Daily Loss Limit or the Max Drawdown threshold at any point during the trading day results in immediate disqualification of the evaluation or forfeiture of the Sim-Funded account. There is no partial breach — it is binary. The EoD Trailing Drawdown is particularly important to track: as your balance grows, the trailing floor rises with it, reducing the room you have to absorb adverse moves.

6. The Consistency Rule Explained

The consistency rule prevents traders from "spiking" their evaluation with one enormous winning day and coasting. It sets a ceiling on the proportion of your total profit target that any single trading day can contribute.

FTMO Consistency Rule: Growth path ≤40%, Pro path ≤50% per day during evaluation
The Consistency Rule only applies during the Evaluation phase. It disappears entirely once you reach the Sim-Funded stage.

On the Futures Growth path, no single day can account for more than 40% of your total evaluation profit target. On the Pro path, the ceiling is 50%, allowing for slightly more concentrated winning days. The critical point — often missed by new traders — is that the consistency rule applies only during evaluation. Once you are in a Sim-Funded account, it is removed entirely across both Growth and Pro plans.

7. FTMO Futures: Growth vs. Pro Plans

FTMO Futures operates on a monthly subscription model (no one-time activation fee) across three account tiers: $50K, $100K, and $150K. The choice between Growth and Pro is essentially a trade-off between affordability and payout potential.

FTMO Growth vs Pro plan comparison: payout caps, frequency, drawdown rules
Both plans share news trading freedom and no activation fees — the key dividing lines are payout caps and the Soft vs. Hard Daily Loss structure.
FTMO Futures Matrix: $50K and $100K accounts comparing Growth and Pro subscription, profit target, drawdown, daily loss, and payout cap
Side-by-side numbers for the $50K and $100K tiers. Note the Soft vs. Hard daily loss distinction — this is the single most important operational difference between plans.
Parameter Growth ($50K) Pro ($50K) Growth ($100K) Pro ($100K) Growth ($150K) Pro ($150K)
Subscription $119/mo $139/mo $169/mo $199/mo $229/mo $269/mo
Profit Target $3,000 $3,000 $6,000 $6,000 $9,000 $9,000
Max Drawdown (EoD) $2,000 $3,000 $3,500 $4,500 $5,000 $6,000
Daily Loss Limit $1,000 Soft $1,000 Hard $2,000 Soft $1,500 Hard $3,000 Soft $2,000 Hard
Payout Cap / request $2,500 $5,000 $3,000 $6,000 $4,000 $8,000
Withdrawable Share 50% 100% 50% 100% 50% 100%
Payout Frequency Every 4 days (Growth) / Every 5 days (Pro) Every 4 days / Every 5 days Every 4 days / Every 5 days
Soft vs. Hard Daily Loss — The Key Distinction

A Soft daily loss limit ends your trading for that calendar day only — you are not disqualified from the evaluation. A Hard daily loss limit is an immediate terminal breach: hitting it at any moment terminates the evaluation or forfeits the Sim-Funded account. The Pro plan enforces a Hard limit in both evaluation and Sim-Funded stages. Choose based on your intraday volatility tolerance.

Capital Allocation Limits

FTMO enforces firm-wide aggregate capital limits to manage platform exposure:

8. Trading Platforms & Tools

FTMO trading ecosystem: platform flexibility (MT4, MT5, TradingView, cTrader), institutional feeds, zero style restrictions, account stacking
FTMO's technical infrastructure: multi-platform support, live CME market data for Futures, news trading freedom during evaluation, and up to 3 concurrent Sim-Funded accounts.

FTMO supports four trading platforms:

The proprietary analytics suite inside the FTMO client area includes:

Educational Ecosystem

9. Our Verdict: Who Is FTMO For?

FTMO is the benchmark in the prop trading evaluation industry, and its longevity since 2015 with over $650 million in payouts demonstrates it is legitimate. But it is not suitable for everyone.

FTMO Is Well-Suited For

Traders with a proven, rules-based strategy who want to scale capital without risking personal savings. Especially compelling for Futures traders who benefit from the subscription model, live CME data, and no activation fees. Also well-suited for traders who can operate within defined risk parameters and want a structured payout framework.

⚠ Be Aware

Monthly subscription fees on Futures plans are an ongoing cost whether or not you are profitable. The EoD Trailing Drawdown on Futures accounts can tighten significantly as your balance rises, increasing pressure on risk management at scale. And the Sim-Funded stage, while generating real rewards, is still a simulated environment — behaviour in a live account under real market stress can differ meaningfully from simulated performance.

Frequently Asked Questions

Is FTMO a legitimate broker?+
FTMO is not a broker. It is a legitimate educational and evaluation provider registered in Prague, Czech Republic (FTMO Evaluation Global s.r.o.). It does not accept client deposits, execute trades on live markets, or hold regulatory authorisation as a financial firm. All trading is simulated. Passing an evaluation makes you eligible for real monetary performance rewards paid from FTMO's corporate funds — not from market profits.
Are FTMO performance rewards real money?+
Yes. Performance reward payouts are genuine cash transfers to qualified traders. However, the underlying trading is 100% simulated using fictitious capital and live market data feeds. FTMO pays from its own corporate funds based on your simulated net P&L, up to a 90% reward ratio depending on your plan and account type.
What is the difference between the 1-Step and 2-Step Challenge?+
The 2-Step Challenge requires two evaluation phases (10% profit target in Phase 1, 5% in Phase 2) and offers a 100% refundable fee upon passing. The 1-Step Challenge has a single phase with a 10% target but stricter daily risk rules (3% max daily loss vs. 5%) and a 50% consistency rule. The 2-Step is more forgiving on daily drawdown; the 1-Step is faster but less tolerant of volatile trading days.
Can US traders use FTMO?+
Yes, but with restrictions. Due to US regulatory constraints, American traders are limited exclusively to FTMO's Futures evaluation products. CFD-based challenges (Forex, Indices, Commodities) are not available to US residents.
What is the FTMO consistency rule?+
The consistency rule limits how much of your total evaluation profit target can come from a single trading day. On the Futures Growth path, no single day can account for more than 40% of the total target. On the Pro path, the limit is 50%. Critically, this rule applies ONLY during the evaluation phase — it disappears entirely once you reach the Sim-Funded stage.
What is the maximum capital on FTMO?+
The contractual legal cap (Clause 5.8.5 of FTMO Evaluation Global s.r.o. terms) is USD 400,000 in aggregate initial simulated capital per natural person across all active accounts. Marketing may reference "$450,000" figures (3 × $150K accounts), but the enforceable ceiling is $400,000. A single trader may hold up to 3 concurrent Sim-Funded accounts across Futures Growth and Pro plans.
What is a Soft vs. Hard Daily Loss limit?+
A Soft Daily Loss limit means breaching it stops your trading for that calendar day only — you are not disqualified. A Hard Daily Loss limit is an immediate, permanent breach: hitting it at any point during the day terminates the evaluation or forfeits the Sim-Funded account with no recovery option. The Growth plan applies a Soft limit in Sim-Funded mode; the Pro plan enforces a Hard limit across both evaluation and Sim-Funded stages.