Frequently Asked Questions
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 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. Provided there is some profit on the FTMO Account from the simulated trading, the Profit Split Day 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 Profit Split Day before the end of a one-month cycle, the Profit Split 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 Profit Split Day will be available on the 15th of April, and the latest option for the Profit Split Day will be after 60 days, hence 31st May.
The payouts are processed within 1-2 business days upon confirming the invoice. You can receive your profits by a regular bank wire transfer, Skrill or cryptocurrencies. We don’t charge any commissions for withdrawals.
You don’t need to score any minimum profit to receive a Profit Split, only just enough to cover the transaction fees* Whatever amount of profit you generate, 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 90% payout.
If you prefer to keep your Profit Split on account to grow and accordingly build up your balance and drawdown buffer, you can do so. However, please note that the 20% split (10% with the Scale-up plan) will always be deducted.
* Due to imposed fees for payout transfers, there is a minimum closed profit requirement of at least $20 for bank wire and $50 for crypto payouts, to cover the cost of a transaction.