Introduction
FTMO is a well-known proprietary trading firm. It provides traders with a chance to handle significant capital amounts. Prior to joining it is crucial to know their fee structure. Does FTMO assess a monthly charge? Are secret costs present? This article will analyze all the charges linked to FTMO. This is to make sure you possess a firm grasp before starting.
Understanding FTMO’s Pricing Model
What is FTMO and How Does It Work?
FTMO grants traders the ability to use accounts with funding, after they pass a test. This test contains
- The FTMO Challenge: In this initial step, traders have to achieve set profit goals while they adhere to risk regulations.
- Verification: In this second step, traders show that their trading is consistent.
When the two steps conclude well, traders get a funded FTMO account. With it they trade without needing to risk their personal money.
Does FTMO Charge a Monthly Fee?
They do not ask for a charge on a monthly timescale. Traders must make one payment to join the Challenge. This payment handles both the Challenge and the Verification phase.
A good benefit? If one passes the Challenge and takes out their first earnings, they get their payment back from FTMO.
Are FTMO Fees Recurring?
There are no recurring charges by FTMO. In contrast with some other prop firms that want subscription costs on a monthly timescale, FTMO only asks for payment once.
After the Challenge is paid for, no more payments are needed to keep one’s account active.
FTMO Challenge & Funded Account Fees
FTMO Challenge: Costs and What’s Included
The payment for the FTMO Challenge is based on the account size that you select. A list of the current payments follows
- $10000 account costs €155
- $25000 account costs €250
- $50000 account costs €345
- $100,000 account costs €610
- $200,000 account costs €1220
These payments grant access to
- Trading platforms and tools
- Performance coaching and learning resources
- Two-phase assessment (Challenge and Verification)
- A return of the payment if you succeed and earn a profit
Funded Accounts: Are There Ongoing Costs?
After a funded account is obtained, no further payments apply.
FTMO works with a profit-split system. Traders keep 80 % of their profits; this amount can go up to 90 % through the scaling plan.
FTMO does not ask traders to pay to keep their funded account, which differs from some competitors.
Are There Any Other Fees with FTMO?
Refundable vs. Non-Refundable Fees
The payment for the FTMO Challenge can be paid back but this occurs solely if the assessment is done and the initial earnings are taken out.
If the Challenge is not passed, the payment is not repaid. FTMO does provide attempts again at no cost if some conditions are fulfilled (for example, no rules broken and money left over).
Hidden Costs to Watch Out For
FTMO has a good record for being open and payments that are not visible do not exist. Some who trade may believe that other payments are needed but after payment for the Challenge is made, other payments are not demanded.
Does FTMO Charge for Withdrawals?
FTMO does not ask for payments to take money out. Traders can take out their earnings every month or sooner (after two weeks of trading).
Taking money out is without payment and is asked for using
- Bank Transfer
- Skrill
- Crypto Payments
FTMO vs. Competitor Costs: How Does It Compare?
FTMO vs. Other Prop Firms: Which is More Affordable?
Compared to other prop firms, FTMO has these benefits
- No Monthly Fees: A lot of rivals need a membership or a continuous payment.
- Challenge Fee is Refunded: Your money is returned if you are successful.
- Better Profit Divisions: FTMO provides a profit share of 80 % to 90 %; others provide less.
- No Hidden Fees: A few firms include hidden costs for account upkeep or for taking out money.
Pros and Cons of FTMO Pricing
Good Aspects
- One-time Payment: There are not any monthly or repeated costs.
- Challenge Fee is Refunded: If you are successful, your money is returned.
- Big Profit Division: You keep as much as 90 % of what you earn.
- No Fees for Taking out Money: You keep 100 % of your earnings.
Bad Aspects
- Payment in Advance: You have to pay for the Challenge prior to getting funds.
- No Refund if You Fail: The fee is lost should you not succeed.
Final Remarks
FTMO does not impose a recurring monthly charge. A single Challenge charge exists, which can be refunded if the challenge gets completed.
Due to the absence of concealed charges, large profit distributions and clear pricing, FTMO is a leading proprietary trading company.
FAQ
FTMO seldom provides discounts, as their business is around a single Challenge payment that one can get back if they do well. At times FTMO might do special deals, such as during important days for finance, holidays or anniversaries. The best way to learn about any deals is to sign up for FTMO’s emails, view their social media or check their website often. Some groups online may share short deals but people must be aware of fake offers to avoid scams.
One can get the FTMO Challenge payment back but only in some situations. If a person does well in both the Challenge and Check stages and then gets money from their live account for the first time, FTMO returns the whole Challenge payment. If they do not do well in the Challenge or Check stage, they do not get the payment back. FTMO does give free Challenge tries if people follow all rules about risk and finish the Challenge with money without going over the limits.
FTMO has a clear payment system with no hidden costs. The only needed payment is the single Challenge payment. This gives people entry to both the Challenge and Check stages. Not like some firms FTMO does not ask for regular payments, platform payments or money taken out payments. After a person gets capital, there are no costs to keep going and people keep much of their gains. People could think there are costs because of other firms. FTMO is clear about their payment and gain share.
FTMO does not ask for a regular payment to have a live account. After someone does well in the test, they get a live account and can trade without more costs. In comparison to some in the business that ask for payments, FTMO does not have payments like that. This makes FTMO a good pick for people who want capital without regular costs.
