FTMO Review.

FTMO is widely considered the gold standard of the prop firm industry. Founded in 2015, they have survived multiple regulatory shifts and industry collapses that wiped out dozens of competitors. But in 2026, with a flood of cheaper "high-stakes" firms entering the market, does FTMO still provide the best value for serious traders?

The Challenge Rules

FTMO uses a two-step evaluation process. Step 1 requires a 10% profit target with a 5% daily drawdown limit and a 10% total drawdown limit. Step 2 (Verification) reduces the profit target to 5% while keeping the drawdown rules the same. Once passed, you become an FTMO Trader on a demo account where you receive real payouts based on your performance.

Fee Structure & Refunds

Fees range from €155 for a $10k account up to €1,080 for a $200k account. The fee is fully refundable with your first profit withdrawal, effectively making the evaluation free if you are successful.

Trading Conditions & Spreads

FTMO provides access to a wide range of markets including Forex, Commodities, Indices, Crypto, and Stocks. They use Tier 1 liquidity providers to ensure institutional-grade spreads and minimal slippage. Their proprietary "FTMO Account" platform is highly optimized for speed.