FTMO Review

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 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 adequare 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.