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Why is there a fee?
The fee mainly serves as a trader's commitment to treat the account with the utmost care and responsibility. A trader has something in the game and the psychology is working. Also, the fee is just a marginal percentage compared to the size of the FTMO Account that you will receive after succeeding in the evaluation process. In other words, the fee is a key towards the funded FTMO Account and to gain financial independence. The good news is that you cannot lose more than this fee as any potential losses on the FTMO Account are covered by us. On top of that, the fee is always refunded back to the trader with his/her first profit withdrawal from the FTMO Account.
The fee also covers the use of all our unique applications, such as the Statistical application, Mentor application, Account analysis, Account MetriX and Trading journal.
Another purpose of the fee is to filter out only the serious traders from those who just keep on trying. We are looking for traders who are experienced, profitable and our capacities and resources are limited. We simply can't cater for all the traders out there and that's why we take on board only those who are serious, committed and responsible. Our funding program is a highly valued service we offer, and therefore it is adequately priced.