According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $99
- DX Trade
- Trading strategies are not limited
- Expert advisors are allowed.
- Up to 1:100
Our Evaluation of FT Mogul
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
FT Mogul is a prop trading firm with higher-than-average risk and the TU Overall Score of 4.19 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by FT Mogul clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable partner with better conditions, as, according to reviews, many clients of this firm are not satisfied with the company’s work.
FT Mogul offers a variety of account types, trading instruments, and high payouts for professional traders with proven strategies. However, its software and a partnering broker may not be suitable for all traders.
Brief Look at FT Mogul
FT Mogul, established in March 2023, is a proprietary trading firm offering one- and two-phase evaluation programs with funding ranging from $10,000 to $100,000. FT Mogul partners with ThinkMarkets to provide traders access to Forex and CFD markets with leverage up to 1:100. Most trading strategies are allowed, excluding high-frequency trading (HFT). Successful traders earn an 80%-90% profit split and can scale their account balances.
- Partnership with a regulated broker;
- Choice of funding programs;
- Wide range of CFDs and currency pairs traded with leverage up to 1:100;
- Profit split is 80% with further increase up to 90%.
- MetaTrader and cTrader platforms are not available;
- No choice of partnering brokers.
TU Expert Advice
Financial expert and analyst at Traders Union
FT Mogul is a young prop trading firm, looking for talented traders worldwide. The standard funding capital ranges from $10,000 to $100,000 per account, with the potential for scaling. Traders earn up to 90% of profit split.
While traders are allowed to use expert advisors, work during news events, and leave open positions over the weekend, high-frequency trading (HFT) is prohibited. Stop losses are mandatory. Each trader can open several account types with varying trading strategies.
FT Mogul provides access to Forex and CFD markets through the DX Trader platform, with plans to expand to other platforms and brokers. Traders receive funding upon achieving the required profit target and adhering to total drawdown and daily loss limit requirements.
FT Mogul Summary
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | DX Trader |
|---|---|
| 📊 Accounts: | $10,000, $25,000, $50,000, and $100,000 |
| 💰 Account currency: | USD, EUR, and GBP |
| 💵 Deposit / Withdrawal: | Deposits: Visa, Mastercard, Confrimo, and PayPalWithdrawals: Bank transfers, PayPal, and USDT transactions |
| 🚀 Minimum deposit: | $99 |
| ⚖️ Leverage: | Up to 1:100 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | No |
| 🔧 Instruments: | Currency pairs, cryptocurrencies, precious metals, oil, and indices |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | No |
| ⭐ Trading features: |
Trading strategies are not limited; Expert advisors are allowed. |
| 🎁 Contests and bonuses: | No |
During the challenge, traders execute simulated trades on FT Mogul's platform. Successful traders are then provided with real funds to trade CFDs through ThinkMarkets. The platform offers a diverse range of instruments, but stock exchange trading is not permitted. Traders can select their preferred account currency.
FT Mogul Key Parameters Evaluation
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Challenge rules and pricing
FT Mogul provides access to funding up to $27 755 576, with challenges requiring at a minimum of No time limits trading days. The entry-level plan starts at $99, min but the fee is non-refundable.
- High funding potential — up to $27 755 576
- Multiple scaling options
- Flexible trading rules and conditions
- No instant funding options
- Above-average entry cost — from $99
FT Mogul Challenge fees and plans
We compared FT Mogul’s challenge plans by key parameters including pricing, profit targets, loss limits, and managed capital.
Available Trading Plans
| Trading Plans | Managed amount, USD | Price, $ | 1 step profit target, $ | 2 - Profit target, $ | Daily loss,% | Max. loss, % |
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| One-Phase quick funding |
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What’s the minimum trading period for FT Mogul’s challenge?
No minimum trading days. You can complete the challenge as soon as you reach the profit target.
Does FT Mogul offer a free evaluation?
No, FT Mogul does not offer a free evaluation option. If you’re looking for firms that do provide this feature, you may consider exploring other companies that support free challenge models, such as: Funded Trading Plus, Emerge Profit, City Traders Imperium.
Is instant funding available at FT Mogul?
No, FT Mogul does not offer instant funding. If this option is important to you, consider exploring other firms that provide instant funding models, such as: Hola Prime, Instant Funding, GoatFundedTrader.
Trading rules
FT Mogul outlines the main rules for funded accounts, including a max. loss of 6% and a daily loss limit of 3%. The firm also restricts certain trading strategies, which are detailed below.
- No weekend close rule
- Trading bots (EAs) allowed
- Flexible leverage up to 1:100
- Scalping not allowed
- Copy trading not allowed
FT Mogul trading conditions
We compared FT Mogul’s leverage and trading conditions with competitors to help you better understand how it measures up.
| FT Mogul | Hola Prime | SabioTrade | |
| Max. loss, % | 6 | 5 | 6 |
| Max. leverage | 1:100 | 1:100 | 1:30 |
| Weekend close rule | No | No | No |
| Mandatory Stop Loss | Yes | No | No |
| Trading bots (EAs) | Yes | Yes | Yes |
| News trading | Yes | Yes | Yes |
| Scalping | No | No | Yes |
| Copy trading | No | No | No |
Deposit and withdrawal
FT Mogul earned a Medium score based on how smoothly and conveniently traders can deposit and withdraw funds.
The deposit and withdrawal options at FT Mogul meet most standard requirements and are in line with what many prop firms provide.
- Multiple base account currencies
- PayPal supported
- Bank сard deposits and withdrawals
- On-demand withdrawals
- USDT payments not supported
- Wise not supported
- Limited deposit and withdrawal options
Deposit and withdrawal options
To help you evaluate how FT Mogul performs, we compared its deposit and withdrawal methods with those of two competing proprietary trading firms.
FT Mogul Payment options vs Competitors
| FT Mogul | Hola Prime | SabioTrade | |
| Bank Card | Yes | Yes | Yes |
| Bank Wire | No | No | No |
| Crypto | No | Yes | Yes |
| PayPal | Yes | Yes | No |
| Wise | No | No | No |
| Payoneer | No | No | No |
| Skrill | No | No | No |
| Neteller | No | No | No |
Profit withdrawal frequency
We compared FT Mogul with other prop firms based on how frequently traders can withdraw their profits: on demand, weekly, or monthly. Firms that allow more frequent payouts offer greater flexibility and quicker access to earnings.
| FT Mogul | Hola Prime | SabioTrade | |
| On demand | Yes | No | Yes |
| Weekly | No | Yes | No |
| Biweekly | No | Yes | No |
| Monthly | No | Yes | No |
What base account currencies are available?
FT Mogul offers the following base account currencies:
Trading Account Opening
To get funded by FT Mogul, go to its official website and register following the instructions below.
Click “Get Started” on the main page of the website.
Fill in the registration form with your personal details.
Pass the verification.
Choose a challenge and pay the sign-up fee
Features of FT Mogul’s user account that allow traders to:
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Get a unique referral link;
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View economic calendar;
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Download the service agreement;
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Submit withdrawal requests;
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View the top-performing traders on the platform.
Regulation and safety
Since FT Mogul is not a broker, it does not require a license to provide financial services.
The firm partners with ThinkMarkets, a broker established in 2010 and regulated in four countries by FCA (the Financial Conduct Authority), ASIC (the Australian Securities and Investments Commission), FSCA (the Financial Sector Conduct Authority of South Africa), and FSA (the Financial Services Authority Seychelles).
Advantages
- European registration
- Multi-regulated partnering broker
- Simple registration procedure
Disadvantages
- No negative balance protection
- FT Mogul and ThinkMarkets are not mutually responsible for each other's actions, including the honesty of their operations
- The firm has the right to close traders’ accounts without profit payouts
Markets and tradable assets
FT Mogul has a score of 2.5/10, which corresponds to a Low assessment of its market and asset offering.
- Forex trading supported
- Indices available
- Futures not available
- Crypto trading unavailable
Tradable markets
We compared the range of tradable instruments offered by FT Mogul with two leading competitors to highlight the differences in market access.
| FT Mogul | Hola Prime | SabioTrade | |
| Futures | No | No | No |
| CFDs | No | Yes | Yes |
| Forex | Yes | Yes | Yes |
| Options | No | No | No |
| Stocks | No | No | No |
| Crypto | No | Yes | Yes |
| Indices | Yes | Yes | Yes |
Investment Options
FT Mogul works with active traders who manage the allocated funds without using third-party services, like account managers, signal providers, etc.
Partnership program from FT Mogul:
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Affiliate program. During the first month, referrers earn 40% rewards on all payments made by their referrals, and 20% on subsequent payments. Referral rewards are paid for the lifetime of the referred account.
Customer support
FT Mogul provides 24/5 technical support via various communication channels.
Advantages
- Diverse communication channels
- Round-the-clock support on business days
Disadvantages
- Support is not available on weekends
Available communication channels:
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Live chat;
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Phone calls;
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Email;
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Feedback form.
Contacts
| Registration address | 1 Inniscarra Main Street Rathcoole Dublin, Ireland D24 EO29 |
|---|---|
| Official site | https://www.ftmogul.com/ |
| Contacts |
+447714275918
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Education
Since FT Mogul prioritizes work with experienced traders who have proven trading strategies, it does not offer any trading education on its website.
FT Mogul does not offer demo versions of its programs. Accounts with virtual funds are provided only once the sign-up fee is paid.
Comparison of FT Mogul to other prop firms
| FT Mogul | FundedNext | Hola Prime | SabioTrade | OANDA Prop Trader | E8 Markets | |
| Trading platform |
DX Trade | MetaTrader4, MetaTrader5, cTrader | MetaTrader5, Match Trader, DXTrade, cTrader | Exclusive QuadCode trading platform (web, mobile app, desktop) | MetaTrader5, MT5 Webtrader | MT5, Match Trader |
| Min deposit | $99 | $32 | $48 | $119 | $35 | $33 |
| Leverage |
From 1:1 to 1:100 |
From 1:1 to 1:100 |
From 1:1 to 1:100 |
From 1:1 to 1:30 |
From 1:1 to 1:100 |
From 1:1 to 1:50 |
| 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 0.1 points | From 0.9 points | From 0 points | From 0 points |
| Level of margin call / stop out |
No | No | No | 100% / 50% | No | No |
| Order Execution | No | N/a | Market Execution | Market Execution | Market Execution | No |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | No | No |
Detailed FT Mogul review
FT Mogul entered financial markets in March 2023, offering two evaluation programs tailored to diverse trader needs. In 2023, the firm launched a user-friendly website, expanded its asset pool, added EUR and USD accounts, and increased funding limits. FT Mogul partners with ThinkMarkets, a regulated broker that provides the DX Trader platform with a wide range of advanced trading tools and analytics. The prop firm allows its clients to use various trading strategies and provides support via different communication channels.
FT Mogul by the numbers:
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Funding amounts range from $10,000 to $100,000;
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Trader’s profit share is 80%-90%;
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Minimum initial payment is $99;
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Maximum funding limit per trader is $27,755,576.
FT Mogul is a prop firm offering two evaluation programs
The standard two-phase program requires traders to achieve a profit target of 8% during the first phase, followed by 5% in the second phase. For both phases, the maximum drawdown is 8%, and the daily loss limit is 5%. The one-phase evaluation requires a 10% profit target, with a maximum drawdown of 6% and a daily loss limit of 3%.
Upon successful completion of the evaluation program, traders receive funding and earn an 80% profit split, which can be increased to 90% based on performance.
Useful services offered by FT Mogul:
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Trading period is not limited. Traders can work at their own pace;
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Leverage is available;
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The sign-up fee is refunded upon successful completion of the challenge;
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No monthly subscriptions. Only one-time payment is required to activate a virtual account.
Advantages:
Challenges are not limited in time. Users can trade until they achieve the required profit target.
Trading during news events is allowed.
Affiliate program with 20%-40% referral rewards is available.
FT Mogul compensates for losing trades against previous profit shares.
Leverage can provide for a significant increase in profits.
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