How do I apply for the Challenge?
In our price list, you can select the product that best suites your needs. After clicking the “Accept Challenge” button, you will be redirected to the order form which you need to fill out and submit. We will inform you about the next steps immediately by email.
Why should I participate in the Challenge?
The Challenge can bring different things to different people. For some, it may solve the problem with the lack of capital, for others, the fear of losing one´s own capital. Other reasons for trying the Challenge and the tools that can help you with its successful completion are described in this section.
What is the initial capital of the Challenge?
Currently, there are four different Challenge sizes to choose from. These are: $10,000; $25,000; $50,000; $100,000. There is also a denomination for EUR accounts.
Is the fee for the Challenge refundable?
Yes! If you succeed in the Challenge and in Verification, you will receive the fee you paid for the Challenge together with your first profit withdrawal.
What rules do I need to follow to meet the Challenge?
A table containing the rules of money management and risk management (Trading Objectives) that you are required to meet in order to progress to the next round, can be found on this page.
Why does the Challenge have exactly these Trading Objectives?
A detailed clarification of all the rules can be found on this page below the table. Using the rules of the Challenge, we are trying to detect disciplined traders who are capable of managing risk.
I have completed the Challenge, now what?
When you meet the objectives of the Challenge you will advance to Verification. Of course, you will also get from us a comprehensive assessment of your account with some recommendations for improvement.
What happens if I violate the Trading Objectives?
If during the Challenge the Trading Objectives are not violated, but the Profit Target is NOT met, with the final equity positive, you get the next Challenge for free. In the event that the Trading Objectives are violated, you need to purchase a new Challenge. Of course, you will also get from us a comprehensive analysis of your account with some recommendations for improvement.
What will happen if my positions are not closed by the end of a Challenge duration?
Our software will attempt to close your positions automatically in order to advance the account for the complex analysis. However, this might not be possible when the open trades are outside of the trading hours (i.e. indexes that are not being traded at night). We recommend that you close your positions by yourself in order to avoid this irregularity and to have the accurate analysis.
Where are trading accounts kept?
Trading accounts are maintained in our partner brokerage companies of your choice. The range of partners to choose from is constantly growing. You can choose the broker you wish to trade your Challenge with in the order form.
Which trading platforms are supported?
You can trade using Metatrader 4, Metatrader 5 or cTrader.
Which instruments can I trade?
Your trading style is completely up to you. We have no reasons for limiting or restricting your trading strategy, whether it’s discretionary trading, hedging, algorithmic trading, EAs, etc. We even do not impose any limits on instruments or position size you trade. The complete offer of the instruments depends on the offer of the broker you have chosen upon configuring your Challenge.
Is it possible to complete the Challenge earlier than in 30 days?
Of course, as soon as all the Trading Objectives of the Challenge are met, you can start trading in the Verification phase. The minimum time to complete the Challenge is 10 trading days.
Why do I need to pay for the Challenge?
The fee mainly serves as trader’s commitment to treat the account with utmost responsibility. A trader has something in the game and the psychology is working. Also, the fee is just a marginal percentage compared to the account size that you will receive from us. In other words, the fee is a key towards a funded FTMO account and to gain financial independence. The good news is that you cannot lose more than this fee. On top of that, the fee will be refunded back to you with your first profit withdrawal from the funded account.
Is it possible to try the Challenge for free?
Yes, we have a Free Trial. In the Free Trial you can try to meet the Trading Objectives of the Challenge without risking anything. You will also get from us a trial version of an account analysis of your account with some recommendations for improvement.
Can I repeat the Challenge?
If you meet all the Trading Objectives except the required profit target and your account is positive, we will give you a new Challenge for free. If you violate any of the Trading Objectives or your account balance is negative at the end of the trading period, you need to purchase a new Challenge in order to become the FTMO Trader.
Can I trade the Challenge with my personal account?
No, you cannot trade the Challenge using your personal account. You will receive a brand new account from us.
When do I need to begin trading my Challenge?
Once you execute your first trade, a 30-day period starts automatically. After 30 days, the Challenge is automatically de-activated and all open positions are closed.
Can I trade on my Challenge account after the time period is over?
Yes, you can, but after the time period is over, the account will no longer be updated in your Account MetriX.
What is the Verification for?
Verification is a free, simulated account and the final step of the evaluation process. It is meant to verify for the last time that the Challenge was not completed by luck.
What are the Trading Objectives of the Verification?
The Trading Objectives in Verification are a little bit easier than the Trading Objectives in the Challenge. In the Verification, the profit target is reduced by 50% and the time period is extended to 60 days. Read more about Trading Objectives here.
What happens if I succeed in the Verification?
At that point, you will have successfully finished your journey towards the FTMO Trader. We will contact you and arrange the details of further cooperation. Of course, you will also get from us a comprehensive assessment of your account with some recommendations for improvement.
What if I break the rules of the Verification?
Unfortunately, you will need to start over. Your journey towards becoming funded by us will take a bit longer, but we need to be sure that you are disciplined and can manage the risk. If you don’t violate the Trading Objectives and your profit will be above zero, we will give you a new Challenge free of charge.
Is it possible to complete the Verification earlier than in the 60 days?
Of course, as soon as all the Trading Objectives of the Verification are met, you will become the FTMO Trader. The minimum time to complete Verification is 10 trading days.
Does Verification run on the same account as the Challenge?
No, you will receive a brand-new account for Verification.
How long will it take to get to the FTMO Trader?
Whole process depends on your performance in Challenge and Verification. In the best case scenario it takes only 20 trading days because we require you to trade 10 days in the Challenge and 10 days in Verification. Usually it takes one to two months to become FTMO Trader.
In what kind of a legal relationship is the trader and the FF Trader company during the account management?
The relationship between a trader and our company is based on the Contract Agreement that we will send you for signing after you complete Challenge and Verification.
How does account management look from the technical side?
The account management works through the demo account which is connected to our live account with a real capital. Your profits will always come from the results of your demo account. Please beware of transactions that would not be possible in the real market. Some brokers, for example, are able to fill orders at non-market prices on demo accounts, which can be used to generate risk-free, consistent profits only on demo accounts. In live accounts, however, this technique does not work and therefore cannot be accounted to generate real profits. Likewise, the profits would not apply to unauthorized positions under the General Terms and Conditions. Learn more about the prohibited techniques in this article.
How big will be my initial capital to work with?
The FTMO Trader will have the same amount of capital as in the Challenge and Verification. If you are successful and stable in the long run, the capital can be increased according to our Scaling Plan.
In whose name will the account be kept?
The account will be controlled by our company.
What Trading Objectives are there to follow?
At this stage, the trader is basically free. The only binding rules are the limits on maximum daily loss and maximum drawdown, as our mutual trust is based on them. Details can be found here.
Because the real money is at stake at this stage, we as the investor must avoid the uncontrolled risk associated with off-market hours positions holding and also holding during the macroeconomic news that tends to have a significant effect on the market liquidity. For the above reasons it is not permitted to trade in those situations on the funded FTMO account and we require you not to open any new position 5 minutes before up till 5 minutes after the major news release. This doesn’t include speeches. Here is the list of the news, when we don’t want out traders to execute trades. We regularly inform our funded traders about the upcoming news and following is the table of the important macroeconomic releases and their affected instruments.
Further, it is forbidden to trade by the practices that do not conform to the functioning of the real market environment. What this means and some examples of such techniques can be found in this article.
What if I have some losing trades?
Don’t worry, the losses are covered by our company. As long as the Daily loss limit or the Maximum drawdown is not hit, you are free to trade. In the unfortunate situation you hit one of these two limits, your open positions will be automatically closed and you will be contacted by us.
What if I get close to the loss limit?
Loss limits are the most important parameters of the FTMO Trader. For this reason they are constantly monitored by an automatic program. If you just get close to the limits, we are going to contact you regarding further steps to be taken, but the losses are always covered by us. If you cross the limit, all your positions will be automatically closed and your account blocked.
What if I cross the loss limit?
The loss limits are the most important rules for any investor. If you cross them, all your positions will be automatically closed by the application and your account will be blocked. You will be informed about further steps then.
How much is my share of the profit?
The profit is divided by the ratio 70:30 in favor of the trader. You will gain a full 70% of the profits. Please note that it is your responsibility to tax it according to your country’s regulations and laws.
Where are the trading accounts held?
The trading account is held at the same broker at which you traded the Challenge and Verification. This is not a must, however, and if you wish for a change, we can change the broker upon agreement.
Which instruments can I trade?
The choice of trading instruments is not limited in any way. The complete offer of instruments depends on the offer of the broker company you have chosen upon selecting the Challenge.
Can the capital of the FTMO Trader be increased?
At the beginning, the capital of the FTMO Trader is always in the designated amount according to the Challenge completed. If you are stable and profitable in the long run, the capital and therefore also the profits can be increased according to our Scaling Plan.
If you would like to trade more accounts, we allow a maximum of 3 accounts per client to be traded simultaneously. Each of these accounts should have a different trading style or strategy. This is due to the risk diversification.
How do I withdraw the profits?
The account profit split is done on a monthly basis, i.e. every 30th day from the first trade on the account. For example, if a trader starts trading on the 5th of April, the profit split is done on the 5th of May. We will contact you by email with accounting details. You can receive your profits by a regular bank wire transfer or PayPal.
Do I have to tax my income?
After we sign a contract, you will receive the whole 70% of your profits, you will need to deal with taxes on your own.
What if the Internet connection or electricity go down while I am trading?
Then you need to call one of the contacts you will be given as soon as possible and we will take care of the opened positions.
Do I need to close my positions overnight?
No, you don’t need to. However, on the FTMO account and if you trade FOREX, we require you to close your positions just before the weekend when markets close. In other words, to be flat on Friday evening CET. If you trade Indexes (S&P, DOW, FTSE, DAX,…) on the FTMO account, we require you to close your positions just before these particular markets close on a daily basis. However, most of the brokers quote these indexes 24/5 so you need to be flat just before the weekend.
Who is in charge of the project FTMO.com?
The project is run by the company FF Trader, Ltd. [s.r.o.], Commercial ID [IČO] 03136752. You can read our story here.
Do you charge any other fees? Are the fees recurrent?
No, we don’t charge any additional or hidden fees. The fee for the Challenge covers it all, including the Verification. There are absolutely no recurring fees with us. Moreover, your fee will be reimbursed to you with the first profit withdrawal.
Is the project administrator a regulated company?
Our company, FF Trader, does not provide our clients with trading recommendations of any kind. The FF Trader company also does not provide investment services listed in The Law on Capital Market and therefore does not fall under the supervision of the Czech National bank.
How can I contact you?
Via the contact form, email address, phone number – all of these can be found in the contact section – on the Live chat or our Facebook profile.
Can I visit you personally?
Of course. The office is located at Opletalova 25, Prague. Let us know in advance and we will be happy to meet you.
Where does the project draw capital for the funded accounts?
The adequate reserve of capital is provided to us by a private investor.
What is ‘Trading according to a real market’?
This term is included in our T&Cs as well as in the Funded trader agreement. Traders must not use practices that contradict the functioning of a real market. What exactly does this mean and some examples of these techniques can be found in this article.
Is it allowed to trade news? Such as FOMC etc.
This form of trading is not prohibited in the Challenge or in the Verification phase. However, it is not possible to trade like that, when you receive the FTMO account, so we do not recommend it even in the test phases. The reason is as follows:
It may seem that significant movements in macroeconomic reports have great potential for profit, but it is very important to emphasize that trading on DEMO accounts does not respect real market liquidity. The whole situation looks like this:
Before the macroeconomic report, the trader places limit/stop orders for buying and selling. As a result, the trader doesn´t care whether the report is positive or negative. Trader on a demo, gets filled exactly on the specified limit or stop order price. In the real market this is not possible due to the huge volatility. The picture below shows that the trader entered a sell stop order to sell and received a totally unrealistic fill. Therefore, such positions would be removed from the FTMO account.
Trade Restriction Table for specific types of reports and instruments is below:
Do you accept traders from USA?
Since we are not a brokerage company, we do not fall under the regulatory restrictions related to acceptance of clients from the USA or elsewhere. Hence, even clients from the USA are welcome to trade our Challenge and be funded by our company.
Can a legal entity participate in the project?
Yes legal entity can take the Challenge. In contrast to the participation of individuals, the process will vary only in the contract, otherwise everything is the same.
Start trading for us right now!
Sign up for the Challenge or Free Trial and test your trading skills. Trade our company’s capital and become the FTMO trader.