How much money has FTMO paid out? (2024)

How much money has FTMO paid out?

And finally, the most important number: total payouts in 2021! In the past year, our FTMO Traders received an outstanding $29,000,000 in payouts. It is a truly incredible number and congratulations to all the traders!

What is the payout on FTMO?

FTMO's payout process is straightforward and transparent. Once a trader successfully completes the Challenge and Verification phases, they are eligible to receive a funded account with FTMO. The funded account comes with a profit split of 70/30, where the trader receives 70% of the profits made while FTMO retains 30%.

How many people passed FTMO?

Around 10% pass

According to FTMO statistics, only about 10% of traders are able to pass the funded account challenge at any account level. This means approximately 90% of aspiring funded traders fail the evaluation and are unable to gain access to the firm's capital.

What is the highest funded account in FTMO?

However, we have a maximum capital allocation limit when you are an FTMO Trader, which is $400,000 (on Normal risk setup, prior to scaling) per trader or strategy, at any given time.

What percentage of profit does FTMO make?

You are becoming an FTMO Trader with an FTMO Account. Trade responsibly and consistently and receive up to 90% of your profits.

How much is the FTMO 200k account?

In conclusion, the FTMO 200k account price is $485, which covers the one-time fee for the Challenge and Verification stages. Traders must also deposit a minimum of $5,000 to start trading the $200,000 account.

Is FTMO legal in US?

Please note that FTMO does not provide services to persons in/from (both nationals and residents) Iran, Syria, Myanmar, North Korea and USA, persons listed on sanction lists, persons with criminal records related to financial crime or terrorism, and persons previously banned because of breach of contract.

Does FTMO lose money?

At FTMO, we understand that market conditions might vary and that's why we offer our traders a generous 10% Maximum Loss buffer and 5% Maximum Daily Loss. These conditions are in a ratio of 1:1 (loss to profit), which is the top industry standard.

How much did FTMO make last year?

And finally, the most important number: total payouts in 2021! In the past year, our FTMO Traders received an outstanding $29,000,000 in payouts. It is a truly incredible number and congratulations to all the traders!

What is the maximum loss in FTMO challenge?

Does FTMO give you real money?

With FTMO, once you get to the FTMO Trader stage you can receive real rewards for your performance. You can withdraw your reward anytime between 14 to 60 days from your first trade on your FTMO Account (Profit Split).

Is FTMO the best prop firm?

FTMO Investment Options

One of the main reasons why FTMO is a good prop firm is their investment options. They offer traders the opportunity to trade with their own capital, as well as access to additional capital from FTMO.

Who is the owner of FTMO?

Otakar Šuffner is the co-founder and CEO of the FTMO prop-trading platform. He graduated from the University of Economics in Prague with a degree in banking and insurance.

What are the disadvantages of FTMO?

It can coerce the trader to execute trades not entirely in line with their strategy. Such overtrading can lead to unnecessary mistakes and losses. With a relatively large number of trades, a trader must take into account that the cost of trading in the form of fees will increase.

Why is FTMO so expensive?

The fee covers the costs related to the FTMO Challenge provided by FTMO such as the designing, development, and operation of the FTMO platform (the technical infrastructure behind the provided educational services and applications).

Is FTMO taxed?

Please bear in mind that you are solely responsible and liable for the payment of any and all taxes, levies, or fees that apply to you in relation to the FTMO Account Agreement under the applicable laws and regulations.

Does FTMO pay monthly?

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.

Does FTMO have monthly fees?

However, unlike some other companies, at FTMO you only pay a one-time contribution and don't have to pay any additional monthly fees. When you pass our Evaluation Process and get an FTMO Account, we refund this fee so you will be actually only trading with our money.

Which prop firm is the best?

Why did FTMO ban US clients?

FTMO have now restricted access to all new US-based traders as of January 2024. This appears to be related to regulatory issues and may have something to do with the recent My Forex Funds case.

Which broker do FTMO use?

MetaTrader is the most widely used program among forex traders, and that applies to FTMO traders as well. The program's environment is intuitive and straightforward, however, its modifiability gives modders space to make it even better and user-friendly.

Who is better than FTMO?

Yes, there are many sites offering similar services to FTMO. These include FunderPro, the5ers and many more. If you are looking for an alternative to FTMO, FunderPro is currently rank as the number one on the list of top Forex Prop Firms.

How reliable is FTMO?

Having successfully operated since 2015, we provided thousands of clients with their FTMO Accounts, and in total, we have paid out over $160 million. We've also been featured in Forbes and awarded by Deloitte and EY multiple times.

Do you have to pay FTMO back?

The one-time fee for an FTMO Challenge covers it all, including the Verification, there are absolutely no recurring fees with us. Moreover, your fee will be reimbursed to you when you successfully pass the FTMO Challenge and Verification with the first Profit Split on your FTMO Account.

What does FTMO stand for?

The name of the company FTMO consists of the first letters of the names of four people (Filip, Tomáš, Marek, Otakar) who worked for the company at the time when the company decided to expand beyond the borders of the Czech Republic. Three of them are currently represented by the company's top management.