Clm forex.
FTMO developed a unique 2-step Evaluation Course for traders. This Evaluation Process consists of the FTMO Challenge and the Verification and is specifically tailored to discover trading talents.
Upon successful completion of the Evaluation Course, you are offered a placement in the FTMO Proprietary Trading firm where you can remotely manage the FTMO Account with a balance of up to $ 400,000 . Your journey to get there might be challenging, but our educational applications, account analysis and performance coach are here to help you on the endeavour to financial independence.
Trade for Proprietary Trading Firm.
FTMO developed a unique 2-step Evaluation Course for traders. This Evaluation Process consists of the FTMO Challenge and the Verification and is specifically tailored to discover trading talents.
Upon successful completion of the Evaluation Course, you are offered a placement in the FTMO Proprietary Trading firm where you can remotely manage the FTMO Account with a balance of up to 400,000 USD . Your journey to get there might be challenging, but our educational applications, account analysis and performance coach are here to help you on the endeavour to financial independence.
Evaluation Process.
This is where we evaluate your trading.
01.
FTMO Challenge.
This is where we evaluate your trading.
The FTMO Challenge is the first step of the Evaluation Process. You need to succeed here to advance into the Verification stage. Prove your trading skills and discipline in observing the Trading Objectives.
02.
Verification.
This is where we evaluate your trading.
The Verification is the second and the last step towards becoming the FTMO Trader. Once you pass the Verification stage and your results are verified, you will be offered to trade for our Proprietary Trading Firm.
Earn Real Money.
03.
FTMO Trader.
Earn Real Money.
You are becoming a trader of the FTMO Proprietary Trading firm. Trade responsibly and consistently and receive up to 90% of your profits. If you consistently generate profits on your FTMO Account, we can scale your account according to our Scaling Plan.
Know your Trading Objectives.
Before we allow you to trade for our Proprietary Trading Firm, we need to be sure that you can manage risk. For this reason, we developed Trading Objectives. By meeting the Trading Objectives, you prove that you are a disciplined and experienced trader. Your trading style is entirely up to you; we don’t set any limits on instruments or position size you trade.
Normal Aggressive.
250 000 CZK $10,000 €10 000 £10,000 $15,000 $15,000 CHF10 000 500 000 CZK $25,000 €20 000 £20,000 $30,000 $30,000 CHF20 000 1 000 000 CZK $50,000 €40 000 £35,000 $60,000 $65,000 CHF40 000 2 000 000 CZK $100,000 €80 000 £70,000 $120,000 $130,000 CHF80 000 4 000 000 CZK $200,000 €160 000 £140,000 $240,000 $260,000 CHF160 000.
Quick comparison.
Step 1 FTMO Challenge Step 2 Verification Step 3 FTMO Trader Trading Period 30 days 60 days indefinite The FTMO Challenge duration is 30 calendar days; the Verification duration is 60 calendar days. If you manage to pass the Trading Objectives sooner, you do not need to wait for the remaining duration days. For example, if you pass all the Trading Objectives of the FTMO Challenge in just 11 days, no need to wait another 19 days. We will advance you to the Verification as soon as possible.
This rule can also be called “trader’s daily stop-loss”. According to our rules, this is set as 5% (10% in case of an Aggressive version) from the initial account balance. The rule says that at any moment of the day [CE(S)T = Central European (Summer) Time], the result of all closed positions in sum with the currently open floating P/Ls (profits/losses) must not hit the determined daily loss limit. The counting formula:
Current daily loss = results of closed positions of this day + result of open positions.
For example, in the case of the FTMO Challenge with the initial account balance of $200,000, the Max Daily Loss limit is $10,000. If you happen to lose $8,000 in your closed trades, your account must not decline more than $2,000 this day. It must also not go -$2,000 in your open floating losses. The limit is inclusive of commissions and swaps.
Vice versa, if you profit $5,000 in one day, then you can afford to lose $15,000, but not more than that. Once again, be reminded that your Maximum Daily Loss counts your open trades as well. For example, if in one day, you have closed trades with a loss of $6,000 and then you open a new trade that goes into a floating loss of some -$5,700 but ends up positive in the end, unfortunately, it is already too late. In one moment, your daily loss was -$11,700 on the equity, which is more than the permitted loss of $10,000.
Be careful as the Maximum Daily Loss resets at midnight CE(S)T! Let’s say that one day you had a profit of $4,000. On the same day, you have an open position with a currently floating loss of $13,000. On this day, the maximum daily loss is not violated. The current daily loss is $9,000. ( $4,000 closed profit – $13,000 open position). However, if you hold this position with an open loss of $13,000 after midnight, the daily loss limit will be violated. This is because your previous day profit doesn’t count to a new day and the open loss of $13,000 exceeds the max daily permitted loss of $10,000.
The size of the Maximum Daily Loss gives trader enough space for trading and it guarantees a clearly defined daily risk to the investor. Both the trader and investor benefit from this rule as the account value will not drop below the limit. That’s also why the Maximum Daily Loss limit includes your possible floating losses.
You can get more insight into why this rule is in place in this article .
Step 1 FTMO Challenge Step 1 FTMO Challenge Account Balance $10 000 $25 000 $50 000 $100 000 $200 000 $10 000 Aggressive $25 000 Aggressive $50 000 Aggressive $100 000 Aggressive FTMO Challenge Period 30 days 30 days 30 days 30 days 30 days 30 days 30 days 30 days 30 days Minimum trading days 10 10 10 10 10 10 10 10 10 Max Daily Loss $500 $1 250 $2 500 $5 000 $10 000 $1 000 $2 500 $5 000 $10 000 Max Loss $1 000 $2 500 $5 000 $10 000 $20 000 $2 000 $5 000 $10 000 $20 000 FTMO Challenge Profit Target $1 000 $2 500 $5 000 $10 000 $20 000 $2 000 $5 000 $10 000 $20 000 Refundable Fee €155 €250 €345 €540 €1 080 €250 €345 €540 €1 080.