Ftmo Challenge Fee - Comissions and Account Prices for 2024

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Assessing the size of the fees is the second most important factor for choosing a broker after reliability. The lower the fees, the more diverse their structure, the more beneficial it is to trade with the broker. Minimum deposit is another important factor that may tip the scale in favor of a certain broker. This is particularly important for novice traders, who cannot afford to invest a lot at the beginning. Traders Union analysts have prepared an analysis of FTMO fees and also assessed the size of its minimum deposit.

FTMO is an international proprietary trading company with minimum deposit (subscription fee) is €155 for $10K accounts with standard profit share is 80/20. The maximum FTMO fee is €1080 for a $200K account.

Short introduction of FTMO

FTMO is an international proprietary trading company created in the Czech Republic in 2014. The platform brings traders into its fold and after traders successfully pass a two-step testing regime, FTMO transfers 400 thousand dollars to the trader’s account. Transactions are monitored by FTMO to grow the deposit. There is a payment of 80% at the first stage of real trading. The 90% Profit Split is available only to those FTMO Traders that have reached Scaling Plan. The company works in full accordance with European financial legislation and is under the local regulator.

💰 Account currency: USD, EUR, GBP, CZK, CAD, AUD, CHF
🚀 Minimum deposit: From €155
⚖️ Leverage: Up to 1:100
💱 Spread: No data
🔧 Instruments: Currency pairs, stocks, stock indices, commodities, cryptocurrencies
💹 Margin Call / Stop Out: No data

FTMO Pros and Cons

👍 Advantages of trading with FTMO:

Quite low testing cost is €155.

Classic platforms such as MT4, MT5, and Ctrader are familiar to many traders. For these platforms, hundreds of indicators, scripts, and advisers have been developed.

The starting reward is 80%.

Diversification of tariff plans. Candidates can choose a demo deposit from 10 thousand to 200 thousand US dollars. There are tariff plans that span from standard to aggressive trading.

Leverage is up to 1:100.

👎 Disadvantages of FTMO:

Strict requirements for the test period. The allowable maximum loss is 10% of the deposit amount. The target profit is 10%, for which 1 month is provided.

There is no information about how the company is funded.

Key types of fees on Forex

A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.

There are the following fees in the Forex market:

  • Spread – the difference between the buy and the sell price of an asset.

  • Commission per lot.

  • Commission per trade.

Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.

FTMO Commissions and Fees

Information

The experts at the Traders Union analyzed the trading conditions of FTMO. The support service reported on a separate request that the spread is ranging from 0-3 pips on majors. The fee for testing depends on the chosen strategy and the deposit amount. The minimum deposit is €155, the maximum is €1080.

Account type Spread (minimum value) Withdrawal commission
Standard/Swing From $6 No

Why is it important to assess minimum deposit?

It is important for beginners and traders with limited financial capabilities to assess the minimum deposit of the broker. Different brokers offer different levels. Some companies focus on working with professional traders and their entry threshold is usually in the thousands or tens thousands of US dollars. Brokers that work with beginners offer low minimum deposit. It could be $500 or $100, or even $1.

In addition minimum deposit may differ depending on the account type. This is also an important factor to analyze. If a broker offers a low entry threshold, traders can get better conditions and still not spend too much money on funding their account.

FTMO Minimum deposit

How to Start Making Profits — Guide for Traders

The FTMO Challenge is a test that provides for several types of accounts. First, there are two test types — moderate risk and aggressive risk. Limits on loss and target profit depend on the type of risk you choose. The second is the ability to activate an FTMO Swing account.

Account types:

Account Type
Description
Standard account
There are no restrictions for the time of testing (passing both stages). On a real account, it is forbidden to open/close trades 2 minutes before and after the publication of the news. All trades must be closed before the weekend.
FTMO Swing
Designed for swing traders holding trades for several days. Leverage has been reduced to 1:30. There are no restrictions.

There is a demo platform for training.

FTMO - How to open, deposit and verify a trading account | Firsthand experience of TU

FTMO Trading tested by Rinat Gismatullin

Brokers similar to FTMO

When analyzing FTMO, it is important to compare it with other similar companies. Before you choose a broker, it is important to compare its trading conditions with competitors. Traders Union analysts have prepared a comparison of the minimum deposit and other trading conditions of FTMO and other brokers.

Comparison of FTMO with other Brokers

FTMO Topstep Funded Trading Plus Funded Next FTUK True Forex Funds

Trading platform

MetaTrader4, MetaTrader5, cTrader

Deriv Trader, TSTrader, NinjaTrader, TradingView, Bookmap X-ray, Cunningham Trading Systems, DayTradr, InvestorRT, MotiveWave, MultiCharts, Rithmic R|TRADER Pro, Trade Navigator, Volfix.net

MetaTrader4, MetaTrader5

MetaTrader4

MT4, MT5

cTrader, MT4, MT5

Min deposit

$155

$1

$119

$99

$119

$89

Leverage

From 1:1
to 1:500

From 1:1
to 1:100

From 1:1
to 1:30

From 1:1
to 1:100

From 1:1
to 1:100

1:1

Trust management

No

No

No

No

No

No

Accrual of % on the balance

No

No

No

No

No

No

Spread

From 0 points

From 0 points

From 0 points

From 0 points

From 0 points

From 0 points

Level of margin call / stop out

No

No

No

No

No

No

Execution of orders

Instant Execution

ECN

Market Execution

N/a

No

N/a

No deposit bonus

No

No

No

No

No

No

Cent accounts

No

No

No

No

No

No

Expert Opinion

When comparing FTMO to similar prop firms, its conditions seem generally competitive and a balanced offering. With reasonable fees, enough leverage for many styles and an achievable cost starting from €155, it presents a solid choice for prop traders to evaluate further. There are also no added commissions on top of the spread which keeps trading costs low.

Some traders may find the testing requirements to be on the strict side, but this ensures people have proven themselves capable of managing risk before gaining access to larger funded accounts.

Overall, for those interested in prop trading and wanting the guidance of a funded program, FTMO offers a decent option to consider. Just be prepared to treat the challenge period like the job interview that it is.

Igor Krasulya

Igor Krasulya

Author at Traders Union

Conclusion

Analysis of the FTMO trading conditions has shown that it is beneficial to work with the broker. The level of fees is low. Also, the company offers a low minimum deposit, which makes FTMO a good choice for beginners. The company offers good trading conditions even compared to competitors.

FAQs

Can the level of fees differ for cent and standard accounts?

Yes. On cent accounts, the fees are generally lower than on standard accounts.

Can you cover the fees with bonuses?

Yes, it is possible. Some brokers offer a welcome or deposit bonus that can be used to cover the fees.

What deposit amount should a beginner start with?

Some brokers offer a minimum deposit of $1. However, it is recommended to deposit at least $300-500 to the account to be able to trade fully.

Team that worked on the article

Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.

Mikhail’s motto: Learn something new and share your experience – never stop!

Olga Shendetskaya
Author and editor at Traders Union

Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.

Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.

Olga’s motto: Do well and you’ll be well!