FTMO Challenge Price, Key Features, Pros and Cons, and Tips

Consider this: you're ready to take your trading skills to the next level, but the cost of an FTMO challenge has you second-guessing. This is a common hurdle for traders seeking to join a prop firm. For those looking to prove their trading skills, prop firm challenges like FTMO's are essential steps to secure funding. The good news is that understanding FTMO challenge prices can help you approach your goal more strategically. This guide will shed light on the cost of FTMO challenges and how you can make the most of their services to trade efficiently with a funded account.
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AquaFunded's funded trading program can help you reach your trading goals by offering an alternative to costly challenges.

What Is FTMO?

FTMO is a proprietary trading firm that allows skilled traders to leverage the company's funds for a share of the profits. Successful FTMO traders can earn up to 90% of the profits they generate and can also benefit from an account scaling plan that increases their capital by 25% every four months with no cap.

FTMO’s Two-Step Qualification Process

FTMO evaluates traders through a two-step process. The first step is the FTMO Challenge, which assesses a trader's skills and discipline. To participate, traders must pay a fee that varies based on the account size, leverage, and risk mode they select. The second step is FTMO verification, free for those who complete the challenge. Verification rules are similar to the Challenge but with a longer time frame and a reduced profit target.

FTMO’s Trader Tools

FTMO offers a range of tools to help traders succeed. These include the Mentor App, which provides guidance and support, a Trading Journal for tracking performance, a Statistical App for analyzing data, and an Equity Simulator for testing strategies.

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What Is the FTMO Challenge?

The FTMO Challenge is a golden ticket for traders aiming to make it big in the financial markets. It's not your average trial run. This program is designed to help traders develop critical skills in risk management, trading psychology, and technical analysis. The challenge consists of multiple phases, each offering training that allows traders to make intelligent decisions in the ever-changing market environment.

The Rewards Are Real

FTMO kicks things off with a capital injection of up to $200,000. And that's just the start. Completing the challenge can lead to a lucrative six-figure trading contract. The kicker? FTMO offers one of the most generous profit splits in the industry. Traders can keep up to 90% of profits, while FTMO covers the losses. The potential is massive, with leverage increasing to $2 million for consistent winners.

Beyond Forex: The Trading Playground Expands

FTMO opens doors to more than just forex. Once you pass the challenge, you can access futures, metals, and equities. This flexibility is a game-changer for traders looking to diversify their portfolios. With real-time feedback and performance tracking, FTMO traders get the support they need to improve their strategies and boost their success rates.

Trader-Friendly Targets and Fees

The FTMO Challenge is designed with traders in mind. The first phase requires a 10% profit target, but it's halved to 5% in the second phase. This sliding scale makes the challenge more achievable and rewarding. Plus, FTMO reimburses the sign-up fee for traders who pass the challenge, a generous gesture not offered by all prop firms.

Key Features of the FTMO Challenge

The Entry Cost and Refund

To kick off your FTMO Challenge, you must pay a refundable fee based on the account size and leverage you choose. It's not a sunk cost—if you succeed, you'll get it back. 

Picking Your Account Size

FTMO offers a range of account sizes to suit different traders. You can pick from €10,000 up to €200,000 or the equivalent in other currencies. 

Hitting Your Trading Goals

Your mission is clear: meet specific trading targets. 

1. Profit Target

Aim for a 10% profit within 30 days for standard accounts. Aggressive accounts need 8%.  

2. Daily Drawdown

Keep daily losses under 5% of the account balance. 

3. Overall Drawdown

Total losses should be at most 10% of the account balance. Aggressive accounts have a bit more leeway.

Managing Risk

FTMO is big on risk management. It pushes traders to stick to tight risk limits and avoid over-leveraging. This helps you maintain control over your trades. 

Counting the Days

You have 30 days to meet the challenge objectives. Following the rules, you can use any trading style that fits.

Trading Options

FTMO lets you trade assets like forex, stocks, commodities, indices, and cryptocurrencies. You can trade through FTMO's platforms like MetaTrader 4/5 or cTrader. There’s flexibility with trading hours, and you can hold trades overnight or during weekends.

Moving to Verification

Once you pass the FTMO Challenge, you enter the verification stage. This lasts 60 days and reduces the profit target to 5%. 

Getting Your Funded Account

Complete both the challenge and verification stages successfully, and you’ll get a funded account to trade natural capital. You can keep up to 90% of the profits you earn.

A Second Shot for Free

If you end the challenge in profit without breaking any rules but miss the profit target, FTMO offers you another try at the challenge for free.

FTMO Challenge Price

Pricing Breakdown for the FTMO Challenge

The cost of entering the FTMO Challenge varies based on the account size and risk level. For a standard FTMO Challenge with average risk, a €10,000 account runs at €155, while a €25,000 account is priced at €250. If you're eyeing a €50,000 account, expect to pay €345. Those aiming for a €100,000 account must shell out €540. And if you're shooting for the stars with a €200,000 account, brace yourself for a €1,080 fee.

Aggressive Risk: What’s the Price Tag?

Opting for aggressive risk means higher costs. A €10,000 account will set you back €250. For a €25,000 account, the price climbs to €345. A €50,000 account is priced at €540. And for the ambitious trader wanting a €100,000 account, the fee is €1,080.

Refundable Fees: A Sweet Deal

One noteworthy aspect is the refund policy. If you complete both the FTMO Challenge and the Verification stage, you'll get your fee back, making the upfront cost more palatable.

Currency Considerations

Remember that if you're purchasing in a currency other than Euros, the price may vary slightly due to exchange rates. It’s something to factor into your decision-making process.

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How To Join FTMO Challenge

1. Set Up Your FTMO Account  

Head to the FTMO website and find the "Client Area" in the top right corner. Click it. You must register by entering your email, name, and other details. This is your first step toward accessing the FTMO Challenge and getting a funded account.

2. Select Your Challenge Parameters  

Now it’s time to choose the challenge that suits you. You’ll have options for account size ranging from €10,000 to €200,000 and risk level (Normal or Aggressive). Pick your trading platform (MetaTrader 4, MetaTrader 5, or cTrader) and base currency (EUR, USD, GBP, etc.). Decide whether to start with a Free Trial or jump into the Paid Challenge. For the real deal, go with the paid option.

3. Pay the Participation Fee  

Participation fees depend on the account size you choose. Think of it as an investment. The good news? These fees are refundable once you successfully navigate the FTMO Challenge and Verification stage.

4. Begin the FTMO Challenge  

After paying, you’ll receive credentials to access your demo account. This is where the challenge begins. You have 30 days to hit the profit target, stick to the drawdown limits, and trade according to FTMO’s rules. 

5. Move to the Verification Stage  

Pass the challenge? Great! Now, you move on to the Verification stage, which can last up to 60 days. This phase has easier profit targets and serves as a way to confirm your trading consistency.

6. Achieve Your Funded Account  

Once you pass both stages, you'll receive a funded account with natural capital. You can keep up to 90% of the profits while trading under FTMO’s rules.

5 Practical Tips On How To Pass the FTMO Challenge

1. AquaFunded: Your Secret Weapon

When tackling the FTMO Challenge, a strong ally can make all the difference. Enter AquaFunded, a Dubai-based firm that equips traders with access to substantial capital and a tempting profit split of up to 95%. AquaFunded offers an 8% profit target that's easier to hit than most and bi-weekly payouts, with your first payout available in just seven days. 

They’re here for traders of all levels who want to minimize risk and maximize returns using firm capital. With a competitive edge and UAE operations, AquaFunded positions itself as a reliable partner in the prop trading space. Dive into their funded trading program and boost your trading career.

2. Money Management: Stay Smart, Stay Safe

A solid money management system is crucial for passing the FTMO Challenge. Start with a risk-reward ratio 1:3. Risk 1% of your account to target 3% on each trade. For a $10,000 account, this means risking $100 to aim for $300. Set your take profit three times your stop loss to ensure losses are contained, and gains maximized. Once you’ve secured a profitable trade, reinvest with a 1:3 ratio again, but now risk 4% to target 12%. With the same account, risk $400 to chase $1,200. This method amplifies gains while keeping risk in check.

3. Trading System: Your Blueprint for Success

Navigating the FTMO Challenge without a trading system is like driving blindfolded. A trading system gives you rules to follow, ensuring your decisions are objective and market-focused. Consistency is vital whether you create your own or purchase a proven one. Tools like the Forex Profit Supreme Meter can be invaluable, helping you maintain focus and improve your odds of success.

4. Trade Recording: Learn and Adapt

Improving your trading skills means learning from your mistakes. Recording your trades lets you revisit what went wrong and identify improvement areas. Use a trading journal or spreadsheet to log entry and exit points, position size, and profit or loss. Analyzing this data lets you pinpoint strengths and weaknesses and hone your strategy.

5. Discipline: Keep Your Cool

Trading can be emotional, but maintaining discipline is crucial. Greed and fear often lead to poor decisions, so stick to your trading plan and adhere to the FTMO Challenge rules. Emotional trading is a recipe for disaster. Keep calm, stay focused, and follow your strategy to stay on top.

Pros and Cons of the FTMO Challenge

Pros of the FTMO Challenge

1. Trade Big Without Risking Your Money

One of the most significant benefits of the FTMO Challenge is the chance to trade with the firm’s capital instead of your own. This means you can take more enormous risks without worrying about losing everything. It’s a huge relief to know you’re not putting your hard-earned savings on the line. Instead, you can focus on making intelligent trades and growing your skills.

2. Generous Profit Split for Traders

When you succeed with FTMO, you’re rewarded with a healthy share of the profits. Traders can earn between 80% and 90% of their earnings. This is much higher than what most other firms offer. It means you can keep more of your hard-earned money and feel good about your accomplishments.

3. Get Your Money Back Once You’re Funded

When you pass the evaluation process and make money with your funded account, FTMO will refund the fee you paid to take the Challenge. This great incentive to succeed shows that FTMO is serious about helping traders reach their goals.

4. Trade A Wide Range of Currencies and Cryptos

FTMO offers a high number of fiat currencies and cryptocurrencies for trading. This means you can trade the assets you’re most familiar with and take advantage of market opportunities as they arise. It also allows for more diversification in your trading strategy.

5. Transparent Pricing, Rules, and Account Types

FTMO is known for its pricing, rules, and account type transparency. This means you know exactly what you’re getting into before you start the Challenge. Working with a firm that’s upfront about everything is refreshing and doesn’t hide behind confusing jargon or fine print.

Cons of the FTMO Challenge

1. Not Ideal for Futures and Stock Trading

While FTMO is great for forex traders and those who want to trade cryptocurrencies, it’s not the best option for those who wish to trade futures or stocks. The firm doesn’t offer these assets for trading, so you’ll need to look elsewhere if that’s your focus.

Does FTMO Pay Monthly?

FTMO Payment Schedule: More Freedom, Less Routine

FTMO doesn’t follow a traditional monthly payment schedule. Instead, they offer a flexible profit split model based on your trading performance. Once you pass the FTMO Challenge and Verification stages, you become an FTMO-funded trader. Profit payouts happen at the end of each 30-day trading cycle from when you start trading on your FTMO account. This approach aligns with the unique structure of FTMO accounts.

Cashing Out: When You Can Request Your Payout

You’re not stuck waiting for the calendar to flip. Traders can request payouts anytime after the first 14 days of trading. This system offers flexibility, letting you cash out when it suits you. Once you order, the payout is processed within a few days. This process allows for prompt access to your profits.

Profit Split: How Much Do You Get?

FTMO’s default profit split is 80/20, meaning you keep 80% of your earnings while FTMO takes 20%. This can increase to 90/10 if you meet specific criteria like consistency and scaling plans. This incentive encourages traders to maintain high performance and adhere to FTMO’s risk management rules. The potential for a higher profit split makes this model even more appealing.

FTMO Challenge Price: Not Just a Cost, An Investment

The FTMO Challenge price isn’t just a fee; it’s an investment in your trading career. Completing the challenge and Verification stages allows you to access a funded account. This structure eliminates the need to risk your capital, making the FTMO Challenge price a worthwhile investment for serious traders.

Join Our Funded Trading Program Today - Trade with our Capital and Keep 90% of the Profit.

AquaFunded is shaking things up in the world of funded trading. Based in Dubai, this program lets traders tap into significant capital accounts, offering the chance to earn up to 95% profit splits. What makes AquaFunded stand out? They’re not just another prop trading firm. With a unique funding model, traders can quickly meet an 8% profit target. 

Plus, they offer quick bi-weekly payouts, with an option for a first payout in just 7 days. Whether you're a beginner or have a few years under your belt, AquaFunded offers a chance to trade with reduced risk using the firm’s capital instead of your own. It’s a competitive package in a crowded market, especially for those looking to scale their profits.

Fast Payouts and Low-Profit Targets: A Win-Win for Traders

Many funded trading programs have strict rules and complicated payout systems. AquaFunded simplifies things. Traders have a low-profit target of 8% and can expect fast, straightforward payouts. With an option for the first payout in just 7 days and bi-weekly payouts after that, AquaFunded puts money in your pocket quickly. This approach makes it easier for traders to focus on what they do best: trading.

A Home for All Traders: From Beginners to Seasoned Pros

AquaFunded welcomes traders of all experience levels. Whether you’re just starting or have been trading for a while, AquaFunded’s program is designed to support your growth. Beginners can learn the ropes without risking their money, while experienced traders can focus on scaling their profits. In a market filled with prop trading firms, AquaFunded stands out with its inclusive and supportive approach.

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