How many FTMO traders fail?
The FTMO challenge has a reputation for being extremely difficult to pass. Across FTMO's various account levels, it is estimated that only around 10% of traders are able to successfully complete the evaluation and become a funded trader. This means approximately 90% of those who attempt the challenge end up failing.
What is the failure rate for FTMO?
There is estimated to be a 90% fail rate of traders that take the FTMO challenge. The reason behind this is due to traders chasing the profit target with a time restriction in place. A trader doesnt know when a winning streak might occur, or when they may take a string of drawdowns.
How many times can you fail FTMO?
You will be removed from the Premium Programme if one of the following situations occurs: You fail the FTMO Account which is part of the Premium Programme. You fail 3 accounts regardless of the of the stage (FTMO Challenge, Verification, FTMO Account)
What is the maximum loss at FTMO?
At FTMO, we understand that market conditions might vary and that's why we offer our traders a generous 10% Maximum Loss buffer and 5% Maximum Daily Loss. These conditions are in a ratio of 1:1 (loss to profit), which is the top industry standard.
What is the risk percentage for FTMO?
Risk per trade
How much should you be risking per one trade? In most textbooks and online education programs, you will learn that you should not be risking more than 2% per one trade.
Does FTMO actually work?
An FTMO Account is an account with fully fictitious funds, however, with real market quotes from liquidity providers. Please note that, for FTMO Account purposes, liquidity providers do not provide us or FTMO Traders with any real money (liquidity), only with the market quotes.
What percentage of profit does FTMO make?
You are becoming an FTMO Trader with an FTMO Account. Trade responsibly and consistently and receive up to 90% of your profits.
What is the highest account on FTMO?
Just keep in mind that our maximum capital allocation on FTMO Accounts is $400,000 per trader/strategy. If you are successful and consistent in the long run, your FTMO Account balance can be increased according to our Scaling Plan.
How many traders use FTMO?
Trading. Over the year, we have created more than 960,000 trading accounts through our platform for you. This total includes all FTMO Challenges, Verifications, FTMO Accounts, and Free Trials. More than 90,000,000 trades were executed on all accounts in 2021, indicating a reasonably active approach to trading.
What is the maximum daily loss for prop firms?
Our maximum daily loss and maximum overall loss rules are 4% and 8%, respectively. With Smart Prop Trader you can reach a maximum drawdown limit of a whopping 28%.
What happens if you lose FTMO money?
Loss of the FTMO Trading Account: FTMO sets maximum drawdown limits that traders must adhere to. If your account balance falls below this limit due to trading losses, FTMO may terminate the trading account, and you would no longer have access to their capital.
How often does FTMO pay out?
The Profit Split on an FTMO Account is done on a monthly basis by default, with the option to place a payout on-demand after a period of 14 calendar days from the first placed trade on the account.
Does FTMO pay out?
At FTMO, we strive to provide the best services to our clients. At the same time, we make sure that when they fulfil the required conditions and are profitable on their FTMO Account, they will get a proper payout.
What is the 5 percent rule in FTMO?
For a Normal risk account type, the limit is set at 5% of the initial balance. Let's take the Normal risk account with the 5% limit as an example. If you have a $200,000 FTMO Account, you must never exceed the total equity loss of $10,000 in one day.
Can you hold FTMO trades overnight?
In an FTMO Challenge or Verification, you don't have to. During these stages, you can keep your positions open overnight and over the weekend as well.
How much does FTMO pay traders?
Every trader who is able to obtain an FTMO Account can count on a payout ratio of 80% (80 percent of the profits made goes to the trader).
Does FTMO copy your trades?
In case FTMO wishes to replicate a client's trades, the replication technology runs in a separate environment without interfering with the account of the client. The trading conditions remain the same on the client's platform, regardless of whether the client's trades are replicated or not.
Who is better than FTMO?
Yes, there are many sites offering similar services to FTMO. These include FunderPro, the5ers and many more. If you are looking for an alternative to FTMO, FunderPro is currently rank as the number one on the list of top Forex Prop Firms.
Is FTMO a safe prop firm?
They are a legitimate company and they pay well. If you become one of their funded traders, the profit split is 70/30. They take 30% and they will send you 70% of the profits you make from your funded account. They are worth the try.
Why is FTMO so expensive?
The fee covers the costs related to the FTMO Challenge provided by FTMO such as the designing, development, and operation of the FTMO platform (the technical infrastructure behind the provided educational services and applications).
How many traders pass prop firms?
The article from Lux Trading Firm provides slightly different results. According to it, 4% of traders, on average, pass prop firm challenges. But only 1% of traders kept their funded accounts for a reasonable amount of time.
How long does it take to pass FTMO?
There is no time limit within which you need to pass the Profit Target, the Trading Period is indefinite. As soon as all the Trading Objectives of your FTMO Challenge are met and your results are reviewed, you can proceed to the Verification phase. The minimum time to complete an FTMO Challenge is 4 trading days.
How much is 200k FTMO?
In conclusion, the FTMO 200k account price is $485, which covers the one-time fee for the Challenge and Verification stages. Traders must also deposit a minimum of $5,000 to start trading the $200,000 account.
Why is FTMO banned in India?
Due to regulatory developments and business decisions based on risk management considerations, FTMO does not accept clients in India, the Russian Federation, the Republic of Belarus, the Republic of Indonesia, Cuba, Venezuela, Sudan, and South Sudan.
Which countries are not allowed to join FTMO?
Due to business decisions based on risk management considerations, FTMO does not provide services to clients in Afghanistan, Antarctica, Antigua and Barbuda, the Republic of Belarus, Belize, Bhutan, Bouvet Island, Burundi, Cape Verde, Central African Republic, Chad, Cook Islands, Comoros, Congo, Cuba, Djibouti, ...
