Mastering the FTMO Challenge

Mastering the FTMO Challenge: What You MUST KNOW to Pass Your Challenge On the First Try!

Table of Contents

If you’re reading this, you’re probably like me – always on the hunt for the next big opportunity in the trading world. You’ve likely heard of prop trading firms and the allure of trading with their capital. I’ve been there, taken the challenges, and come out the other side. Today, I want to share my experience with FTMO, a prop trading firm that’s been making waves in the industry since 2015.

I’ve taken challenges from various firms, and I can tell you, they’re not all created equal. FTMO stands out for its unique approach, transparency, and trader-friendly conditions. But it’s not just about passing the challenge and getting funded. It’s about leveraging your trader psychology to gain an edge, trade effectively, and ultimately, win.

In this review, I’ll share my journey with FTMO, the ins and outs of their challenge, their rules, trading options, and costs involved. I’ll also share some tips and tricks I’ve picked up along the way, focusing on how understanding and mastering your trading psychology can give you the edge you need to succeed.

So, buckle up and let’s dive in.

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FTMO Challenge


About FTMO

FTMO is a prop trading firm that’s been in the game since 2015. They’ve made a name for themselves in the industry, and for good reason. Their mission is to find successful traders and they do this through a unique 2-step Evaluation Course. This course is designed to not only test your trading skills but also your discipline and risk management, which are key aspects of trading psychology.

What sets FTMO apart is their commitment to their traders. They provide a range of tools and resources to help you succeed, including custom trading apps, account analysis, a trading academy, and even a performance coach. They’re not just providing capital; they’re investing in you as a trader.

But let’s talk about the real draw here – the FTMO Challenge. This is the first step in their Evaluation Process. It’s designed to test your trading skills and discipline under real market conditions. It’s not easy, but it’s not meant to be. It’s meant to separate the wheat from the chaff, the traders who have what it takes from those who don’t.

And trust me, it’s worth it. Once you pass the FTMO Challenge and the Verification stage, you become an FTMO Trader. You’re given a funded account and you get to keep 70% of the profits you make. Plus, there’s a Scaling Plan that increases your account balance by 25% every 4 months if you’re consistent and profitable.

Now, let’s get into the nitty-gritty details of the FTMO Challenge, the rules, and how you can use your trading psychology to your advantage.

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FTMO Challenge

The FTMO Challenge is the first step in your journey to becoming an FTMO Trader. It’s designed to test your trading skills, discipline, and risk management under real market conditions. But it’s more than just a test – it’s an opportunity to learn, grow, and refine your trading strategy.

The challenge consists of two stages: the Challenge itself and the Verification stage. In the Challenge stage, you’re given a demo account with a predetermined balance. Your goal is to hit a profit target within a set number of trading days, all while adhering to strict risk parameters.

Sounds tough, right? Well, it is. But remember, trading is not just about technical analysis and market knowledge. It’s also about mindset and discipline. This is where your trading psychology comes into play.

Here are a few tips from my own experience:

  1. Set Realistic Goals: Don’t aim to hit the profit target in a few days. Spread your trades out and aim for consistent, small profits. This will help you manage your risk and keep your emotions in check.
  2. Stick to Your Strategy: It’s easy to get swayed by market movements and abandon your strategy. Don’t. Trust your analysis, stick to your plan, and don’t let fear or greed drive your decisions.
  3. Manage Your Emotions: Trading can be a rollercoaster of emotions. It’s crucial to keep a level head, especially when a trade doesn’t go your way. Remember, it’s just one trade. Don’t let it affect your confidence or your next trade.
  4. Learn from Your Mistakes: Every trader makes mistakes. What separates the successful ones is their ability to learn from them. Review your trades, identify your mistakes, and use them as a learning opportunity.

Once you pass the Challenge stage, you move on to the Verification stage. This stage is similar to the Challenge, but the profit target is lower, giving you more room to demonstrate your consistency and discipline.

Passing the FTMO Challenge is no easy feat, but with the right mindset, strategy, and understanding of your trading psychology, it’s definitely achievable. Trust me, I’ve been there. And the rewards? Well, they’re worth every bit of effort.

Rules of FTMO

FTMO has set certain rules and trading objectives that traders need to meet to prove their discipline and experience. These rules are designed to ensure that you’re trading responsibly and sustainably. Here’s a breakdown:

  1. Profit Target: In the Challenge stage, you’re given a profit target that you need to hit within a set number of trading days. Remember, it’s not about making big profits quickly. It’s about consistent, disciplined trading.
  2. Maximum Loss: FTMO sets a maximum loss limit for the trading account. This is to ensure you’re managing your risk effectively. If the account balance hits this limit, the challenge is over. So, always set stop losses and don’t risk too much on a single trade.
  3. Daily Loss Limit: Similar to the maximum loss, there’s also a daily loss limit. This prevents you from losing too much in a single day and encourages you to trade responsibly.
  4. Minimum Trading Days: You’re required to trade for a minimum number of days. This is to demonstrate your consistency and ability to trade over a period of time.

FTMO does not set any limits on the instruments or position size you can use. This gives you the freedom to trade in a way that suits your strategy. However, it’s important to remember that with greater freedom comes greater responsibility. You need to manage your risk effectively and trade responsibly.

Here are some tips to help you navigate these rules:

  1. Risk Management: Always set stop losses for your trades. This will protect your account from significant losses and help you stay within the maximum loss limit.
  2. Consistency: Don’t try to hit the profit target in a few days. Trade consistently over a period of time. This will not only help you meet the minimum trading days requirement but also demonstrate your ability to make consistent profits.
  3. Emotional Control: The rules can seem strict, but they’re there to help you control your emotions. By adhering to these rules, you’ll learn to trade without letting fear or greed get in the way.

Remember, the FTMO Challenge is not just about proving your trading skills. It’s also about demonstrating your discipline, risk management, and understanding of trading psychology. These are the qualities that will set you apart as a trader and help you succeed in the long run.

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What Markets Can You Trade on FTMO?

One of the great things about FTMO is the wide range of trading options they offer. As an FTMO Trader, you have the freedom to trade a variety of instruments, including Forex, Commodities, Indices, Crypto, Stocks, and Bonds. This diversity allows you to spread your risk and take advantage of different market conditions.

Moreover, FTMO does not restrict your trading style. Whether you’re a fan of scalping, swing trading, or position trading, you’re free to implement your strategy. You can also use Expert Advisors (EAs), engage in hedging, or trade discretionarily. The choice is yours.

However, with this freedom comes responsibility. Here are some tips to help you make the most of the trading options at FTMO:

  1. Diversify Your Portfolio: Don’t put all your eggs in one basket. Spread your risk by trading different instruments. This can help you mitigate losses and take advantage of various market opportunities.
  2. Understand the Market: Each instrument has its own characteristics and is influenced by different factors. Make sure you understand the market you’re trading in. This will help you make informed decisions and improve your trading performance.
  3. Use the Right Tools: If you’re using EAs, make sure they’re reliable and suit your trading style. Also, take advantage of the custom trading apps and account analysis tools provided by FTMO. They can give you valuable insights and help you refine your strategy.
  4. Manage Your Risk: Regardless of what you’re trading, risk management is crucial. Always set stop losses and don’t risk too much on a single trade.

Remember, trading is not just about picking the right instrument or having a good strategy. It’s also about understanding your trading psychology. Be aware of your emotions when you trade, stick to your plan, and don’t let fear or greed drive your decisions. This is the key to successful trading.

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How Much Does It Cost to Take an FTMO Challenge?

When it comes to costs, FTMO is quite transparent and trader-friendly. To participate in the FTMO Challenge, there’s a one-time fee that varies depending on the account size you choose.  The $10,000 account which allows you a max loss of $1,000 currently costs €155.  This fee covers the potential losses during the Challenge and Verification stages and is the only upfront cost you need to worry about.

Here’s the good news – there are no recurrent charges, no membership fees, or other hidden costs.

FTMO is clear about this, which is a breath of fresh air in an industry where hidden fees can often be a concern.

But it gets even better. Once you become an FTMO Trader, your Challenge fee is automatically reimbursed with your first Profit Split. Essentially, if you’re successful, the Challenge can end up costing you nothing.

As an FTMO Trader, you keep 70% of the profits you make, while FTMO takes 30%. This split is quite fair considering you’re trading with their capital. Plus, remember the Scaling Plan I mentioned earlier? If you’re consistent and profitable, FTMO increases your account balance by 25% every 4 months. This means you have the potential to earn more over time.

While the initial fee might seem like a hurdle, consider it an investment in your trading career. It’s a small price to pay for the opportunity to trade with a substantial amount of capital and keep a majority of the profits. Plus, the learning and growth you’ll experience during the Challenge are invaluable.

Remember, trading is as much a mental game as it is a financial one. The fee for the Challenge not only covers potential losses but also serves as a commitment device. It’s a reminder that you have skin in the game, which can motivate you to trade responsibly and effectively.

Trustpilot Rating of FTMO

When it comes to reputation, FTMO stands tall. With a stellar Trustpilot rating of 4.9 out of 5 based on over 5,000 reviews, it’s clear that FTMO is highly regarded in the trading community. This rating is a testament to FTMO’s commitment to their traders and the quality of their prop trading program.

But what does this high rating mean for you as a trader? It means you can trust FTMO. It means that they deliver on their promises and that their traders are satisfied with their experiences. It means that FTMO is not just a prop trading firm, but a reliable partner in your trading journey.

However, don’t just take my word for it. I encourage you to read some of these reviews yourself. Hear the stories of other traders, learn from their experiences, and get a feel for what it’s like to be an FTMO Trader.

Remember, choosing a prop trading firm is a big decision. It’s not just about the challenge, the rules, or the trading options. It’s also about trust. With their excellent Trustpilot rating, FTMO has proven to be a firm that traders can trust. And in the world of trading, that’s worth its weight in gold.

Additional Benefits of FTMO

Beyond the challenge, the rules, and the trading options, FTMO offers a host of additional benefits that make it stand out as a prop trading firm. These benefits are designed to support you in your trading journey and help you become a better trader.

  1. Custom Trading Apps: FTMO provides a suite of custom trading apps that can enhance your trading experience. These apps can help you analyze your trades, manage your risk, and track your progress towards the trading objectives.
  2. Account Analysis: As an FTMO Trader, you get access to detailed account analysis. This can provide valuable insights into your trading performance and help you identify areas for improvement.
  3. Trading Academy: FTMO offers a comprehensive Trading Academy with educational resources to help you hone your trading skills. Whether you’re a beginner or an experienced trader, there’s always something new to learn.
  4. Performance Coach: FTMO provides a Performance Coach to help you navigate the psychological aspects of trading. This can be a game-changer in your trading journey, as trading psychology is often the key to success.
  5. Scaling Plan: FTMO rewards consistent and profitable traders with their Scaling Plan. If you’re successful, your account balance is increased by 25% every 4 months. This gives you the opportunity to earn more over time.
  6. Community: As an FTMO Trader, you become part of a community of traders. This can provide a platform for sharing experiences, learning from others, and getting support when you need it.

These benefits show that FTMO is not just interested in providing capital. They’re invested in your success as a trader. They provide the tools, resources, and support you need to grow and succeed. And in my experience, that’s what sets FTMO apart.


In conclusion, FTMO offers a unique and rewarding opportunity for traders. With their comprehensive challenge, flexible trading options, transparent costs, excellent Trustpilot rating, and additional benefits, they’ve proven to be a reliable and supportive partner in your trading journey.

Ready to take the FTMO Challenge? Click here to visit FTMO and sign up for a Free Trial that allows you full access to the tools and training on their website. Ready to prove your trading skills, discipline, and understanding of trading psychology, you can accept FTMO’s challenge. You could be the next FTMO Funded Trader.

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If you made it to the end of this article, I can tell you are determined to become a successful Forex trader. When you’re ready to sign up with a Prop Trading Firm, we hope that you will utilize our Reviews Page, where you’ll be able to find the right firm and the right challenge for you. 

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Forex trading involves the buying and selling of currencies in the foreign exchange market. It’s a global marketplace where traders speculate on the price movements of different currency pairs. For more information, check out our Introduction to Forex Trading blog post.

A proprietary trading firm, or prop firm, provides traders with capital to trade in exchange for a share of the profits. The trader doesn’t risk their own money, but must demonstrate their trading skills by passing a prop firm challenge. Read our Prop Firm Reviews for more details.

A prop firm challenge is a test set by the firm to assess a trader’s skills. To pass, you need to meet certain profit targets without exceeding loss limits. Our blog post on How to Pass Prop Firm Challenges provides useful tips and strategies.

To get funded, you must first pass the prop firm challenge. Once you’ve demonstrated your trading skills and risk management abilities, the firm will provide you with a trading account. Check out our Get Funded page for more information.

Traders often blow prop accounts due to poor risk management and emotional trading. To avoid this, it’s crucial to have a solid trading plan and a disciplined mindset. Our Risk Management and Trader Mindset blog posts offer valuable insights on these topics.

The best strategies depend on your trading style, risk tolerance, and market conditions. Common strategies include trend trading, scalping, and swing trading. For in-depth strategies, head to our Trader Education Page.

Continuous learning, practice, and reviewing your trades are key to improving your skills. Our Trading Education section provides resources to help you on this journey.

Yes, we regularly update our Coupons Page with the latest discounts and deals from various prop firms. Be sure to check it regularly!

Forex trading involves significant risks, including market volatility and the potential to lose more than your initial investment. This is why we recommend risking someone else’s money. It’s important to understand these risks and implement effective risk management strategies. Read more on our Risk Management page.

Staying updated on market news is crucial for making informed trading decisions. Many of the Prop Firms we recommend offer access to free tools like a Squawk box or daily live streams to help keep you up to date. Check our Reviews page for more details. 

You’ll need a reliable trading platform, a strong internet connection, and access to market analysis tools. Our Trading Tools page provides recommendations and reviews.

While it’s possible to make a living trading forex, it requires a lot of skill, discipline, and risk management. It’s not a get-rich-quick scheme. For more insights, read our blog post on Making a Living with Forex Trading.

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