How do I withdraw my profits?

Even though FTMO Traders trade with fictitious capital only, they are entitled to obtain a reward in the form of real money if they can generate “profit” on an FTMO Account.  Meaning if they are able to trade the fictitious capital in a way that is profitable, proving their skills and the value of data provided in the process, they will receive a reward. 

The Reward from an FTMO Account is processed on a monthly basis by default, with the option to place a withdrawal on-demand after a period of 14 calendar days from the first placed trade on the account. Provided there is some profit on the FTMO Account from the simulated trading, the Reward Day (A date on which you may begin processing your reward based on the simulated profit from your FTMO Account) can be changed up to 3 times for each withdrawal, anytime between 14 days and 60 days from the start of trading. If FTMO Trader doesn’t make a change to their Reward Day before the end of a one-month cycle, the Reward Day will be anchored to the last day of that particular Reference Period, without the option to change it further in the current cycle. For example, if a trader starts trading on the 1st of April, the first Reward Day will be available on the 15th of April, and the latest option for the Reward Day will be after 60 days, hence 31st May.

The withdrawals are usually processed within 1-2 business days upon confirming the invoice. You can receive your Reward by a regular bank wire transfer and we do not charge any additional commissions for them. Keep in mind that some banks and other providers may include additional commissions.

You don’t need to score any minimum profit to receive a Reward, only just enough to cover the transaction fees* Whatever amount of fictitious profit you generate with your demo trading, you are entitled to withdraw 80% of it. If you meet the conditions of our Scaling Plan, not only do we increase the balance of your FTMO Account by 25%, but you will be entitled to a Reward in the amount of 90% of the fictitious profit you generate in the simulated trading environment.

If you prefer to keep your Reward on FTMO account to grow and accordingly build up your balance and drawdown buffer, you can do so. 

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* Due to imposed fees for payout transfers, there is a minimum closed profit requirement of at least $20 for bank wire, to cover the cost of a transaction.