FTMO Review
How much does it cost to buy an FTMO challenge?
!! Regulator Warning !!
Prop firms are unregulated entities with a 95% failure rate, what you will be trading is a demo account using virtual money. Consider the risk of trading with unregulated entities before continuing.
Trading Conditions
| Min Trade | USD 1 |
| Min Deposit | EUR 89 |
| Base Currencies | USD, GBP, EUR, CAD, AUD, CHF, CZK |
| EURUSD Spreads | 0 |
All Reviews
Payout is so easy to request and any delay is foll...
Payout is so easy to request and any delay is followed up my their support department
FTMO works well in South Africa, and I like that t...
FTMO works well in South Africa, and I like that they offer different trading platforms. The improvement I want to see is higher loss limit
1:30 leverage on swing account is too small, they ...
1:30 leverage on swing account is too small, they should increase it. On the bright side I like that the swing account allows me trade anytime before or after the news
The one-step challenge is too pricey, other prop f...
The one-step challenge is too pricey, other prop firms offer it for way less.
FTMO is a prop firm with challenges costing from 89 euros
| 👨 Prop Firm | FTMO Evaluation Global s.r.o |
| 📅 Year Founded | 2015, Czech Republic |
| 👨 Accepts Nigerian Traders? | Yes |
| ⚖ Regulators | Not regulated |
| 📈 CFD Instruments | Forex, Crypto, Commodities, Indices |
| 🚀Leverage | 1:100 |
| 💻 Platforms | MT4, MT5, cTrader, DX Trade |
| 📋Number of Accounts | Unlimited |
| 📋Account Types | $200k, $100k, $50k, $25k, $10k |
| 📋Account Currency | EUR, USD, GBP, CAD, CZK, AUD |
| 💰 Challenge Cost | From ₦143,209.90 NGN |
| 💰Profit Split | 90%/10% |
| 📞Customer Support | 24/7 |
| ✅Reason To Trade | Global reputation (partnership with Oanda)Wide range of tradable marketsOne-step challenge24/7 supportFree trialLots of trading platforms |
| ❌Reason To Avoid | FTMO is not regulated High challenge cost |
Reputation - 8/10
FTMO Evaluation Global s.r.o is not a regulated firm but they are a registered business in the Czech Repubic & have quite a global reputation. FTMO acquired Oanda broker in 2025, boosting their reputation.
FTMO Account Types - 7/10
1. FTMO $10k Account
The FTMO $10k account means you will have only $10,000 USD to trade with during the evaluation.
The FTMO $10k account costs 89 euros (around ₦143,209.90 NGN) and this is an entry level account with the same rules as other FTMO accounts.
The only downside to this account is that the payout amount (from 880 euros), is the lowest when compared to the other account types.
2. FTMO $25k Account
The FTMO $25k account means you will have only $25,000 USD to trade with during the evaluation.
The FTMO $25k account costs 250 euros (around 402,275.00 NGN) and it has the same rules as other FTMO accounts.
3. FTMO $50k Account
The FTMO $50k account means you will have only $50,000 USD to trade with during the evaluation.
The FTMO $50k account costs 345 euros (around 555,139.50 NGN) and it has the same rules as other FTMO accounts.
4. FTMO $100k Account
The FTMO $100k account means you will have only $100,000 USD to trade with during the evaluation.
The FTMO $100k account costs 439 euros (around 706,394.90 NGN) for the standard version and 540 euros for the swing trading version
5. FTMO $200k Account
The FTMO $200k account means you will have only $200,000 USD to trade with during the evaluation.
The FTMO $200k account costs 1,080 euros (around ₦1,737,828.00 NGN) and this is their flagship account with the highest payout.
FTMO Challenge Types - 7/10
One-Step Challenge
FTMO has one-step challenge which costs cheaper from 79 euros, so once you pass it, you become funded immediately.
Two-Step Challenge
FTMO also has the standard two-step challenge from 89 euros, which is more expensive than the one-step challenge.
FTMO Account Management - 8/10
Maximum Number of FTMO Accounts You can Have
You can open an unlimited number of FTMO accounts but the total value of these accounts cannot exceed $400,000
FTMO systems can identify similar trading patterns, so even if you open several accounts under different identities, to try to beat the $400,00 limit, FTMO can detect and cancel your challenge.
Account Currency
Although FTMO accounts don't come in the local naira currency, USD, EUR, CAD, CZK and AUD account currencies are available.
FTMO Standard vs FTMO Swing Mode
You can set your FTMO trading account to be in either the standard or swing modes. FTMO standard has leverage up to 1:100 but does not permit weekend and news trading.
However, the FTMO swing permits weekend and news trading, but has a watered down maximum leverage of 1:30.
FTMO Deposit & Withdrawal - 6/10
How Much It Costs To Get An FTMO Account
It costs as little as ₦143,209.90 NGN to as high as ₦1,737,828.00 NGN (depending on the account type) to get an FTMO account in Nigeria.
However, FTMO says they will refund 100% of the money you paid to get the account if you are able to pass the challenge and be assigned an account as an FTMO trader.
Payment Methods
You can pay for your FTMO account via Nigerian Debit Card, Nigerian Bank Transfer, PayPal, Google/Apple Pay, Skrill and Crypto payment channels.
FTMO Payout Frequency
After passing the FTMO phase 1 & 2 challenges, you will qualify for a reward/payout. You also get payouts when you qualify as an FTMO trader.
You can request a payout every 14 days after your first trade on your account.
FTMO Profit Split Formula
You dont get to withdraw 100% of the payout, if you traded & passed the FTMO 2-step challenge, your payout is split 80% to you and 20% to FTMO.
However, FTMO has introduced a new 1-step challenge so if you trade and pass this, your payout will be split 90% to you and 10% to FTMO.
Platforms - 8/10
FTMO offers MT4, MT5, cTrader and DX Trade as the platforms where you can execute your trades.
The only platform missing on the FTMO lineup is TradingView, but the platforms they offer are adequate for any trader level.
You can change your FTMO platform only after completing a phase of the challenge or after a withdrawal. You will not be allowed to change platform on a free-trial account or while you have not completed a phase of the challenge.
Trader Support - 9/10
Live Chat
FTMO live chat is available 24/7 and the support agents are human (not bots). The typical response time is around 1 minute as oer our testing.
FTMO Academy
Traders get access to education via the FTMO academy at no cost.
FTMO Free Trial
Before you purchase an FTMO challenge, they allow you to test their services using a free trial, which is very commendable.
Final Verdict - 7.6/10
FTMO challenges are expensive but they have a stronger industry reputation, and better trading tools and customer support than most prop firms.