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 Rewards from a demo FTMO Account can be processed on request, after a minimum of 14 days from the first day of trading. You can request the Reward directly in your Account MetriX provided the demo FTMO Account is in positive profit and there are no open positions/pending orders. Your account will be then queued for review and our Team will send you an email within 1-2 business days with further instructions about the withdrawal process. For example, if a trader starts trading on the 1st of April, the Rewards can be claimed from the 15th of April, since the “Claim Reward” button will become available. Furthermore, you can see the remaining days to claim your Rewards directly in your Account MetriX.
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.
The percentage from the simulated profit used for calculating the reward depends on the product through which the trader qualified:
- FTMO Challenge: 1-Step — traders are entitled to withdraw 90% of the generated profit.
- FTMO Challenge: 2-Step — traders are entitled to withdraw 80% of the generated profit. If the conditions of the Scaling Plan are met, the reward split increases to 90%.
You don’t need to score any minimum profit to receive a Reward, only just enough to cover the transaction fees*.
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.
