FTMO Rules

FTMO is a 2-step prop trading firm that offers 5 account sizes ranging from $10,000 to $200,000. The most established prop firm globally. Forex and CFD focused. Static drawdown, strict but fair rules. 2-step evaluation with no time limit. The firm supports MT4, MT5, cTrader and gives traders access to forex, indices, commodities, stocks, crypto markets. Expert advisors and automated trading bots are allowed, making it suitable for algorithmic traders. Copy trading is not allowed.

The evaluation uses static (floor never moves), which means your drawdown floor is set once at account opening and never moves up. This is the most trader-friendly drawdown type because every dollar of profit adds a genuine cushion above your breach level. If you grow a $200,000 account by $10,000, your floor stays at $180,000, giving you $30,000 of total room.

The 5% daily loss limit acts as a circuit breaker. On the $200,000 account, that means you cannot lose more than $10,000 in a single day. This is calculated from your equity (including open positions), which is an important distinction -- floating losses count against you even before you close the trade. Profit split starts at 80% and scales up to 90%, with payouts processed every 14 days.

Common mistakes traders make on FTMO: Hitting the daily loss limit by overleveraging after a losing streak is extremely common. On the $10,000 account, your daily limit is only $500 -- two bad trades at 2.5% risk each and you are done for the day. Always verify the current rules on the official rules page before starting.

Who FTMO is best for: Swing traders and position traders who need to hold through overnight sessions and weekends will appreciate the static drawdown and relaxed holding rules. Forex and CFD traders -- futures are not available. The entry fee of €155 for the $10,000 account is mid-range compared to competitors.