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What is FTMO? Rules, fees and payouts with check dates
FTMO is a prop firm founded in 2015. The 2-Step has a 5% daily loss and 10% max loss. The 1-Step, added in February 2026, has a 3% daily loss and a 10% end-of-day trailing max loss. The Source column shows which items were confirmed on official pages and which across multiple sources.
Rules and fees
| Item | Details | Source |
|---|---|---|
| Operator | FTMO (Prague, Czech Republic, founded 2015). Not a broker: it provides a simulated environment and education. | Confirmed officiallyFTMO official |
| 2-Step profit target | Phase 1: 10%. Phase 2: 5%. | Confirmed officiallyFTMO official |
| 2-Step loss limits | 5% daily, 10% maximum (fixed, based on initial balance). | Confirmed officiallyFTMO official |
| 2-Step minimum trading days | 4 days per phase. | Confirmed officiallyFTMO official |
| 1-Step | 10% profit target (one phase), 3% daily loss, 10% maximum loss (end-of-day trailing). A Best Day rule applies. | Confirmed officiallyFTMO official |
| Trading period | No time limit. | Confirmed from multiple sourcesMultiple sources |
| Fee | €89 to €1,080, depending on account size. | Confirmed from multiple sourcesMultiple sources |
| Fee refund | Refunded with your first reward (payout). | Confirmed officiallyFTMO official |
| Profit split | 2-Step: 80% (90% with scaling). 1-Step: 90%. | Confirmed from multiple sourcesMultiple sources |
| Payouts | You can request a payout 14 days after you start trading the funded account. | Confirmed from multiple sourcesMultiple sources |
| Platforms | MT4, MT5 and cTrader. | Confirmed from multiple sourcesMultiple sources |
Pros
- Long track record and plenty of public information
- Both 1-Step and 2-Step formats, so you can match your trading style
- The 1-Step has no time limit (confirmed)
Watch-outs
- A 5% daily / 10% max loss limit is not generous
- The 1-Step uses end-of-day trailing and a Best Day rule, so loss is calculated differently from the 2-Step
- Support and rules are mostly in English; misreading a rule can end an attempt
- Rules and prices change, so confirm on the official site before applying
Who it suits
- Traders willing to take their time on an evaluation
- Those who value a long operating history
- Anyone comfortable reading English terms
FAQ
What is the difference between FTMO's 1-Step and 2-Step?
The 2-Step has two phases with a 5% daily and 10% max loss. The 1-Step has one phase with a 3% daily loss, an end-of-day trailing max loss, and a Best Day rule.
How is FTMO's daily loss calculated?
It includes floating profit and loss as well as closed trades, so a temporary drawdown can hit the limit during an evaluation.