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Info
Popularity & Trust
Trust Pilot Reviews: 14694
Trust Pilot Rating: 4.8
Last Update: October 18, 2024
Exist: 4.9 Years
Trust Score: 9.7 / 10*
The more reviews and the longer the firm existed will increase its Trust Score
Challenge Value
PRICE RATING
10K Fee: $165
25K Fee: $265
50K Fee: $375
100K Fee: $575
Price Score: 134*
The Price Score is calculated comparing 10K, 25K, 50K and 100K challenge costs. The average challenge Price Score is around 100. A lower number is better and means cheaper challenges.
DIFFICULTY RATING
P1 Target: 10%
P2 Target: 5%
Max Drawdown: 10%
Max Daily DD: 5%
Difficulty Score: 1.5*
Difficulty Rating is calculated on your total drawdown % compared with your total target %. Lower is better
VALUE RATING
Value Rating: 1.4 / 10*
The Value Rating is a combination of the cost of the challenges and the difficulty of passing the challenge. The best Value Rating has a score of 10 and the lowest a score of 1
Rules & Restrictions
Leverage: 100:1
Daily Drawdown Type: 😐 Equity Based
Challenge Time Limit: 😀 No Time Limit
News Trading: 💀 No (Disqualify)
Hold Weekends: ❌ No
EA's : ✅ Some Allowed
NEWS TRADING
Opening or closing a trade (manual or TP or SL) 2mins prior or after high impact news will violate your account. More info: https://ftmo.com/en/faq/can-i-trade-news/
HOLD OVER WEEKENDS
More info: https://ftmo.com/en/faq/do-i-have-to-close-my-positions-overnight/
EXPERT ADVISORS
Most EA’s are allowed, but there are some restrictions, such as 3rd-party. More info: https://ftmo.com/en/faq/which-instruments-can-i-trade-and-what-strategies-am-i-allowed-to-use/
*Please visit the firms website for updated terms & conditions
Trade Cost (Coming Soon)
FOREX SPREAD
FX Commission: $3
EU Spread: 4
UJ Spread: 7
UF Spread: 7
FX Spread Score: 9
INDEX SPREAD
Index Commission: $0
NAS Spread: 100
S&P Spread: 60
DOW Spread: 190
Index Spread Score: 11.7
NOTES
I did not rate the Standard FTMO challenge swap fees since it is not suitable for swing trading. For FTMO swing trading please refer to the 
Payouts & Scaling
Fee Refund: 100%
Simulated Share: None
Profit Share: 80%
Scaling: ✅ Yes*
Merging: 😃 Yes
Max Combined Accounts: $400
REFUNDS & BONUSSES
Fee Refund paid on first payout.
PROFIT SHARE & SCALING
Reach 10% profit in 4 months to increase your profit share to 90% and your account size by 25%. You will need at least 2 withdrawals during those 4 months. More info: https://ftmo.com/en/scaling-plan/
MERGING
Same type accounts and must be on initial balance.
Please visit the firms website for updated terms & conditions
Pro’s & Con’s
✅ PRO’S
✅ MetaTrader Support ⭐ Excellent Trust Rating ✅ No Challenge Time Limit ✅ Some EA’s Allowed* ✅ Challenge Fee Refund: 100% ✅ Merging Allowed* ✅ Crypto Payouts
❌ CON’S
☠️ Very High Challenge Fees ❌ Low Challenge Value 💀 News Trading Not Allowed (Disqualify) ❌ Hold Weekends Not Allowed
Summary & Rating
THE UPSIDE
FTMO is the longest running and highest trusted prop firm out there. The OG if you will. And if trust is the most important variable for you when choosing a firm, then FTMO is the one for you. FTMO also allows crypto payouts, supports MetaTrader, has a decent scaling plan and you are allowed to merge accounts.
THE DOWNSIDE
Unfortunately outside of the Trust Rating, FTMO struggles on so many other fronts. It has high challenge fees and more difficult challenge requirements than other firms, giving it the lowest challenge Value rating. But the biggest issue we have with FTMO is the rule on news events. Any trade opened or closed, 2mins either side of a news event will result in you loosing your account completely. No warning. This is even true if you have a trade running for several days and the SL and TP is well above profit and your TP gets hit during the event. We find this constraint completely unreasonable and you have to ask yourself if you can safely operate within those rules.
IN SUMMARY
FTMO has the lowest challenge Value Rating and the news rule also makes it almost impossible to consider. If it wasnt for the high trust rating, this firm would be on the lowest Tier level, but we rate it at Tier 4. There is another option though, the
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