FTMO is a leading proprietary trading firm that provides traders with the opportunity to manage substantial capital. One of the key aspects of joining FTMO is understanding the costs involved in their evaluation process. At Instant Funded Account, we aim to provide comprehensive trading education and insights to help traders navigate these costs effectively. This article explores FTMO prices and what traders need to know to make informed decisions.
What is FTMO?
FTMO is a proprietary trading firm that offers traders the chance to trade with significant capital after successfully passing their evaluation process. The evaluation consists of the FTMO Challenge and the Verification stage. Upon passing these stages, traders receive funded accounts and share a portion of the profits they generate.
FTMO Challenge Prices
The FTMO Challenge is the first step in the evaluation process. The prices for the FTMO Challenge vary depending on the account size and the type of account chosen. Here are the standard prices for different account sizes:
- Normal Risk Account:
- $10,000 Account: €155
- $25,000 Account: €250
- $50,000 Account: €345
- $100,000 Account: €540
- $200,000 Account: €1,080
- Aggressive Risk Account:
- $10,000 Account: €250
- $25,000 Account: €345
- $50,000 Account: €540
- $100,000 Account: €1,080
- $200,000 Account: €2,160
FTMO Verification Prices
The Verification stage is the second step in the evaluation process and follows the successful completion of the FTMO Challenge. There are no additional costs for the Verification stage as it is included in the initial payment made for the FTMO Challenge.
Refund Policy
FTMO offers a refund of the initial fee paid for the FTMO Challenge once a trader successfully passes both the FTMO Challenge and the Verification stage and starts trading with a funded account. This policy ensures that traders who demonstrate their skills and reach the funded trader level can recover their initial investment.
Key Considerations for FTMO Prices
- Account Size: Choose an account size that matches your trading experience and financial goals. Larger accounts have higher fees but offer more significant profit potential.
- Risk Level: Decide between a Normal Risk or Aggressive Risk account based on your risk appetite and trading style. Aggressive accounts have higher fees but allow for more substantial trading risks.
- Budget: Ensure that the cost of the FTMO Challenge fits within your budget. Remember that the fee is an investment in your trading career and can be refunded upon successful completion.
- Evaluation Criteria: Familiarize yourself with the profit targets and risk management rules for both the FTMO Challenge and the Verification stage to maximize your chances of passing.
Tips for Success with FTMO
- Understand the Rules: Thoroughly understand the rules and requirements of the FTMO Challenge and Verification stage.
- Develop a Trading Plan: Create a detailed trading plan that outlines your strategies, risk management techniques, and goals.
- Practice on a Demo Account: Before taking the FTMO Challenge, practice your strategies on a demo account to build confidence and refine your approach.
- Stay Disciplined: Maintain discipline in your trading approach, avoiding impulsive decisions and sticking to your plan.
- Utilize Resources: Take advantage of FTMO’s educational resources, including webinars, tutorials, and market analysis.
FAQs About FTMO Prices
What is the FTMO Challenge?
The FTMO Challenge is the first phase of FTMO’s evaluation process, designed to assess a trader’s skills, discipline, and risk management abilities. Successful completion of the challenge leads to the Verification stage, and ultimately, a funded trading account.
What are the prices for the FTMO Challenge?
The prices for the FTMO Challenge vary based on the account size and risk level chosen. Here are the standard prices:
Normal Risk Account:
- $10,000 Account: €155
- $25,000 Account: €250
- $50,000 Account: €345
- $100,000 Account: €540
- $200,000 Account: €1,080
Aggressive Risk Account:
- $10,000 Account: €250
- $25,000 Account: €345
- $50,000 Account: €540
- $100,000 Account: €1,080
- $200,000 Account: €2,160
What does the FTMO Challenge fee cover?
The FTMO Challenge fee covers the entire evaluation process, including both the Challenge and the Verification stage. No additional fees are required for the Verification stage.
Is the FTMO Challenge fee refundable?
Yes, FTMO offers a refund of the initial fee paid for the FTMO Challenge once a trader successfully passes both the FTMO Challenge and the Verification stage and begins trading with a funded account.
What are the key differences between Normal Risk and Aggressive Risk accounts?
Normal Risk Account:
- Lower risk limits
- Standard profit targets
Aggressive Risk Account:
- Higher risk limits
- Higher profit potential
- Higher fees
How should I choose the right FTMO Challenge account size?
Choose an account size that aligns with your trading experience, financial goals, and budget. Larger accounts offer more significant profit potential but come with higher fees.
What are the evaluation criteria for the FTMO Challenge?
The evaluation criteria include:
- Meeting specific profit targets (e.g., 10% for Normal Risk, 20% for Aggressive Risk)
- Adhering to maximum daily loss limits (e.g., 5% of the initial account balance)
- Staying within the overall loss limits (e.g., 10% of the initial account balance)
- Trading for a minimum number of days (usually 10 trading days)
How long does the FTMO Challenge last?
The FTMO Challenge typically lasts 30 calendar days. During this period, traders must meet the profit targets and adhere to risk management rules to qualify for the Verification stage.
What happens after I pass the FTMO Challenge?
After passing the FTMO Challenge, you move on to the Verification stage, which lasts an additional 60 calendar days. Successful completion of the Verification stage results in receiving a funded trading account.
Are there any hidden costs associated with FTMO?
No, there are no hidden costs. The only fee you need to pay is the initial FTMO Challenge fee, which covers both the Challenge and the Verification stage.
How can I maximize my chances of passing the FTMO Challenge?
- Understand the Rules: Familiarize yourself with all the rules and requirements of the FTMO Challenge.
- Develop a Trading Plan: Create a detailed trading plan that outlines your strategies and risk management techniques.
- Practice on a Demo Account: Refine your strategies on a demo account before taking the Challenge.
- Stay Disciplined: Maintain discipline in your trading approach and avoid impulsive decisions.
- Utilize Resources: Take advantage of FTMO’s educational resources and market analysis.
Where can I find more information about FTMO and its prices?
For more detailed information about FTMO, its evaluation process, and prices, visit FTMO’s official website. Additionally, Instant Funded Account offers comprehensive trading education and resources to help you navigate the FTMO evaluation process and enhance your trading skills.
Conclusion
Understanding FTMO prices is essential for traders looking to join this prestigious proprietary trading firm. By choosing the right account size and risk level, and adhering to the evaluation criteria, traders can maximize their chances of success. At Instant Funded Account, we are committed to providing the trading education and support needed to navigate the FTMO evaluation process confidently.