The relationship between an FTMO Trader and FTMO is based on the FTMO Futures Sim-Funded Account Terms & Conditions that we will sign with you after you successfully pass the Evaluation and complete the KYC process.
Please note that FTMO Futures only accepts registrations from individuals acting as Natural Persons. We do not allow account registrations for companies, legal entities, businesses, or self-employed individuals.
The FTMO Futures Sim-Funded Account Terms & Conditions is a legally binding document defining both our and your duties and rights. If you are interested in a sample of the contract, please contact us at [email protected].
What is the process of signing the contract?
Once you pass your Evaluation, the FTMO Identity section will be unlocked in your Client Area. In the FTMO Identity section, you will be able to save your personal details and related documentation and have them verified by our Onboarding Specialists. The compliance checks usually take less than 1 business day. Once all the information is verified by our compliance team, it will be securely stored in our system, ready to be used in case you wish to start using your Sim-Funded Account(s) or conclude a new FTMO Futures Sim-Funded Account Terms & Conditions.
To conclude the FTMO Futures Sim-Funded Account Terms & Conditions and subsequently invoice payouts as a natural person, you will need to complete a KYC verification:
For US Clients: If you are a legal US resident, you will first have the opportunity to verify your personal details quickly using your Social Security Number (SSN). If this automatic SSN verification fails for any reason, you will simply be redirected to complete the standard document-based KYC flow described below.
Note for US clients:
- As a legal US resident, you must have a valid U.S. Tax Identification Number (e.g. Social Security Number). Without the U.S. Tax Identification Number, you will not be able to receive a Payout.
- You will also be required to provide proof of ownership for the U.S. bank account where you wish to receive your Payout when requested. The bank must be a fully licensed and regulated banking institution. Fintech and digital-only payment institutions (e.g., Wise, Chime) are not accepted.
- Additionally, all FTMO Traders are required to submit a completed IRS Form (W-9) as part of the process for receiving their first payout.
Standard Document Verification – Global Clients & US Clients requiring manual review: You will be asked to provide:
- Valid government-issued ID document showing nationality – passport or ID card. In case your ID document is solely in one of the following languages, please use an international passport with the Latin alphabet transcription of information: Amharic, Arabic, Armenian, Bengali, Burmese, Dari, Dhivehi, Farsi, Georgian, Hindi, Khmer (Cambodian), Kinyarwanda, Lao, Mongolian, Nepali, Sinhalese, or Urdu. Note that we do not accept driving licences for non-US residents, residence permits, or other documents that do not display nationality.
- Proof of address – this must be a complete document containing your name, surname, residential address, and issuing date. Acceptable documents include: a bank statement, account statement, lease agreement, letter from a recognised public authority, or utility bill (gas, electricity, water, internet, etc.). Please ensure that your Proof of Address is no older than 6 months and clearly displays your full name, full residential address, and the issuing date.
