Frequently Asked Questions
FTMO Swing account type
Who is the FTMO Account Swing suitable for?
FTMO Account Swing does not have any restrictions for trading around news releases and holding of trades overnight (above 2 hours market close) and over the weekend. That’s why this account type is suitable for swing traders who need to hold positions for a longer period of time, giving them enough time for their trades to evolve. In most cases, these are fundamental traders who expect market sentiment to last a couple of days/weeks or technical traders who analyze higher timeframes (H1 and above). Please beware of Forbidden Trading Practices as described in T&Cs (clause 5.4), and gambling-like situations, some of which are described in this article.
How can I get the Swing account type?
While ordering an FTMO Challenge you can choose Swing as your account type while configuring your order. Please note that once you have purchased the order as a Normal account type, it won’t be possible to change it to a Swing account type afterwards.
I am currently an FTMO Trader. Can I switch my FTMO Account to FTMO Account Swing?
No, sadly, this is not possible. If you have already purchased your FTMO Challenge as a Normal account type, you won’t be able to change it afterwards to the Swing account type.
I am currently trading on an FTMO Challenge or Verification. Can I switch over to the Normal account type?
Yes, you can. You can switch your existing FTMO Account Swing to the FTMO Account before every new cycle (Reference Period). In other words, you can change your Swing account type to the Normal account type after every Reward withdrawal or after signing the FTMO Account Agreement and before placing any trade on the original FTMO Account.
I am currently trading on an FTMO Challenge or Verification. Can I switch over to the Swing account type?
No, this is not possible.
In Conclusion :
- Change from Normal to Swing account type : Not allowed
- Change from Swing to Normal account type : Allowed
