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FTMO Review
One of the largest and longest-running forex/CFD prop firms, known for clear rules, a free retry policy and reliable payouts.
Best for
- Forex/CFD prop traders
- Traders wanting a proven firm
- Reliable-payout seekers
Not best for
- You want US futures prop trading
- You need very cheap challenge fees
- Your country is restricted
Our verdict & scoring
FTMO is among the most established prop firms, now offering both 1-step and 2-step evaluations across forex, indices, commodities, stocks and crypto on MT4, MT5, cTrader and DXtrade. The base profit split is 80% (scalable to 90%), with on-demand payouts after a 14-day cycle. It completed its acquisition of regulated broker OANDA in December 2024; US clients are served through its affiliated entity at ftmo.oanda.com, while the global product does not accept US persons.
Scores are based on our review methodology. Affiliate relationships do not buy higher ratings.
Pros
- Long track record
- Transparent, well-documented rules
- Strong payout reputation
Cons
- Not focused on US futures
- Two-step evaluation takes time
- CFD trading is high-risk
Fees & hidden costs explained
One-time refundable evaluation fee by account size — about $155 (10k) up to $1,080 (200k), refunded with your first payout on the funded account. No monthly fees.
Safety, regulation & availability
Prop firms are generally not regulated like brokers; you trade the firm's simulated capital under contract, not your own brokerage account. FTMO completed its acquisition of regulated broker OANDA in December 2024. US clients are served via the affiliated entity at ftmo.oanda.com; the global FTMO product does not accept US persons.
Account protection: No SIPC/FSCS — prop-firm arrangements are contractual, not investor-protection-scheme covered.
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Frequently asked questions
Does FTMO pay out reliably?
FTMO has a strong public track record of payouts and clear rules, which is a major reason for its reputation. Always read the current terms before committing.
Is FTMO available in the US?
Yes, via a separate affiliated entity — US clients are directed to ftmo.oanda.com, while FTMO's global product does not accept US persons. Availability can vary by state, so check current eligibility before signing up.
Official sources
Risk warning: Trading stocks, options, futures, forex, crypto, CFDs and funded accounts involves risk. You can lose money. This website is educational only and does not provide financial, investment, tax or legal advice.
Funded trading programs have rules, fees, drawdown limits, payout conditions and restrictions. Read the provider's terms before buying a challenge or plan.
Affiliate disclosure: We may earn a commission when you click some links on our site. This does not cost you extra. Our comparisons are educational and transparent, and our rankings are not affected by commissions.