Ftmo account rules. Mar 1, 2024 · FTMO accepts traders across the globe.
- Ftmo account rules The purpose of the Free Trial is to serve our new clients to see how it works and assess their trading skills to see if they have what it takes to pass an FTMO Challenge and Verification. Once you start trading on the FTMO Account, we want you to trade as comfortably as possible and therefore no minimum trading days rule is required anymore. For a $100,000 account, the goal is Dec 7, 2023 · Before you decide to sign up to FTMO, you should be aware of these potential pitfalls: Two-Step Evaluation Process: Traders must successfully complete two distinct evaluation stages before accessing funded accounts. Unlike the FTMO Account, the FTMO Account Swing does not have restrictions for news trading or holding trades over the weekend. After you sign up, you can either start an FTMO Challenge right away or, as we usually recommend, start with our Free Trial, which is a free version of our FTMO Challenge intended for practicing purposes. Please note that orders created before the launch of the campaign and the rules on their accounts as well as on the subsequent Verifications for these orders, as well as Free Repeats, cannot be changed in any way and the rules remain the same as before and according to the public terms and conditions in force at that time. You can switch your existing FTMO Account to the FTMO Account Swing before every new cycle (Reference Period). Step 1 - FTMO Challenge; Step 2 - Verification; Step 3 - FTMO Account; Can I trade news? the client then can be provided with access to an FTMO Account FTMO Points can be viewed as “vouchers” that clients can utilise in several ways. Quadrio offices Purkynova 2121/3, 110 00, Prague The relationship between an FTMO Trader and FTMO is based on the FTMO Account Agreement that we will sign with you after you pass your FTMO Challenge and Verification as well as the KYC/KYB process. However, clients must be at least 18 years old, and prior knowledge of trading and risk management is preferred. How to earn FTMO Points? Clients can get FTMO Points in three ways: By choosing FTMO Points as the alternative for Reward payout (whole or part of) to which the Clients are entitled based on a particular FTMO Account Agreement during the Reward processing. You must have an active $400K FTMO Account (can be merged from 2x$200K or $400K FTMO Account purchased in Prime) You must be active in the Prime Status for at least 3 months and you must process 3 additional payouts, each with at least 4% profit before the 80% reward (90% in the case of a Scaling Plan). The rules set up for the simulated trading in the FTMO Challenge are based on the real rules applied in financial market trading by investment companies and also in real trading on FTMO's own account, especially in the area of risk management. If you would like to combine your individual FTMO Account into a single master FTMO Account, we can do so upon request. Clients are entitled to up to 90% of results generated on the FTMO Account. There are no specific qualifications required to create an account. If we discover identically traded strategies through various accounts, and exceeding the total of fictitious $400,000 in active FTMO Accounts, we reserve the right to suspend those accounts as per the contract. . Since then we´re looking to cooperate with serious traders in order to capitalize on the data they provide about their activity while receiving rewards for their performance on accounts of virtual funds – The FTMO Accounts. FTMO rules say traders must make a certain profit in the evaluation phase. Affiliate November 2024 Competition. In other words, you can change your account type to Swing account type after every Reward withdrawal or after signing the FTMO Account Agreement and before placing any trade on the original FTMO Account. Rules. cash, US2000. cash where the leverage is 1:9 for Swing accounts and 1:30 for Normal accounts), 1:9 for metals (1:30 for the Normal account type) and 1:1 for Please note again that the above restrictions do not apply to FTMO Challenge or Verification accounts. We allow a maximum capital allocation of $400,000 on FTMO Accounts per trader or per strategy, at any given time. The FTMO November Affiliate Competition runs from 1st to 30th November 2024, offering affiliates the chance to increase earnings, compete in two exciting categories, and earn FTMO Points that can be redeemed for FTMO Challenges or discounts on them. What is the legal relationship between an FTMO Trader and FTMO after signing the FTMO Account Agreement? What account size will I work with? How does an FTMO Account work from the technical side? What is the legal relationship between an FTMO Trader and FTMO after signing the FTMO Account Agreement? What account size will I work with? How does an FTMO Account work from the technical side? How do I withdraw my reward? Do I have to tax my income? Nov 9, 2024 · The table below summarizes the key rules for FTMO’s Funded Accounts, covering the main aspects like daily loss limits, drawdown, leverage, and specific rules on holding trades and using trading tools. cash and SPN35. Mar 1, 2024 · FTMO accepts traders across the globe. This can be understood as 2 FTMO Accounts – each with $200k, or 4 FTMO Accounts – each with $100k, etc. The FTMO Platform is an educational and training tool related to trading on financial markets. We do not require you to use a Stop-loss (although it’s generally advisable to always have certain safety measures in place) and the maximum volume per order on Forex is 50 lots. To avoid any confusion, after a client becomes an FTMO Trader, he/she will be provided with a demo account with fictitious capital. They help traders do well in the evaluation. Before getting the FTMO Account they need to pass the Evaluation process first called The FTMO Challenge followed by Each FTMO Challenge needs to be traded from the beginning, regardless of whether you have passed one in the past. Also, these restrictions don’t apply to FTMO Traders having the account type set to FTMO Account Swing. What are the account specifications? The account specification can be seen directly in the trading platform. Our FTMO Challenge is the first step of our Evaluation Process. FTMO Traders will have the same account balance size as chosen for their preceding FTMO Challenge and Verification. Yes, you can. How about a Free Trial? We offer a Free Trial account, which is an abridged version of an FTMO Challenge. Which instruments can I trade and what strategies am I allowed to use? Your trading style is up to you. All information provided on this site is intended solely for educational purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity analysis or similar general recommendation regarding the trading of investment instruments. General Disclaimer: The FTMO Platform is an online demo trading platform offered by VRGK Tech Pty Ltd (trading as FTMO Australia) ACN 640 619 521 AFSL 525757. Important parts include profit targets, loss limits, and trading days to check consistency and risk handling. As long as your trading is legitimate (in line with proper risk management), conforms to the real market conditions, and does not resemble forbidden practices, we have no reasons for limiting or restricting your trading strategy, whether it’s discretionary trading, algorithmic trading, EAs In case any of the above-stated reasons are detected after an FTMO Account Agreement between FTMO and the customer has been concluded, FTMO reserves the right to terminate the contract concerned. Before you can get your FTMO Account, we need to be sure you can trade responsibly and manage risk properly as, in the future, we can use your simulated trades performed via the FTMO Account when trading on our own account on real financial markets. Note we don’t grant an FTMO Account based on any past track record. To view the instrument specification in MetaTrader, open your Market Watch (Ctrl+M), right-click on the concerned instrument, and choose ‘specification’. Upon completing the Evaluation Process, traders are offered to enhance their trading skills on an FTMO Account in a demo environment as FTMO Traders with a balance of up to $200,000 in fictitious funds. Unlike the FTMO Account, the FTMO Account Swing does not have restrictions for news trading nor holding trades over the weekend. How to start? Before you decide to accept an FTMO Challenge, we want to make sure that you know what you are up against. Profit Target Requirements. The FTMO rules are key for traders in the challenge. Step 1 - FTMO Challenge; Step 2 - Verification; Step 3 - FTMO Account; The Reward from an FTMO Account is processed on a monthly basis by default, The good news for all our FTMO Traders is that the Minimum 4 trading days Trading Objective is present only during the Evaluation Process – FTMO Challenge and Verification. When trading, keep in mind that your trading style should be replicable on live accounts to generate the same results as on your FTMO Account. FTMO developed a unique Evaluation Process for traders, consisting of an FTMO Challenge and a Verification, specifically tailored to discover trading talents. Please note that your status (Natural Person, Legal Entity) will be based on the option you selected during your first order purchase, depending on Following are the leverages on each asset class: 1:30 for forex pairs (1:100 for the Normal account type), 1:15 for indices (1:50 for the Normal account type, except for HK50. ssge yxhk lhw xuiu uhhn gwqbjp fywfivlq lrq itj hpskje