CFD / FX
FTMO 2-Step
Standard · $200,000 account
Selected public offer only. Buyer eligibility and other variants are outside this comparison.
Sources checked 19 September – 24 October 2026. Reviewed by a site member and AI assistants. Release pfw-release-2026-10-24-pilot-2, approved 24 October 2026. Each source shows the date it was last checked.
Costs
List price
List price: €1,080 one-timeAbout $1,209
About $1,209 at the European Central Bank's reference rate for 23 October 2026 (€1 = $1.1193). Your card or payment provider may convert at a different rate.
Conditions and limits. A one-time fee of €1,080, priced in euros. Temporary offers do not change the list price.
Official sources: FTMO · 2-Step Challenge (checked 23 October 2026); FTMO · FAQ: What fees do you charge, and are they recurrent? (checked 23 October 2026); European Central Bank · Euro foreign exchange reference rates (checked 23 October 2026).
About this rule. The advertised base price of the selected account and how it is billed. A temporary public offer, available without a code, is shown beside it with any conditions the firm states, while a recent check confirms it; codes, optional purchases and unverified buyer charges are excluded.
Compare this rule across accounts
Read the guide: What are you buying when you pay for a challenge?
Fee per $1,000 of opening risk
Fee per $1,000 of opening risk: $60.44ECB rate of 23 Oct 2026
Conditions and limits. Buying requires an FTMO login, so the final total with any taxes or payment charges has not been verified.
How this is calculated. (List price × charges in a 30-day attempt + activation fee + platform and data fees), in US dollars, divided by the opening loss allowance and multiplied by 1,000.
- List price
- €1,080 one-time
- In US dollars
- $1,208.84 for €1,080
- Exchange rate
- €1 = $1.1193 (ECB reference rate, 23 October 2026)
- Charges in a 30-day attempt
- 1
- Activation fee
- None
- Platform and data fees
- None
- Opening loss allowance
- $20,000
- Result
- $60.44
Converted at the European Central Bank's euro reference rate for 23 October 2026. It is a reference rate: your card or payment provider may convert at a different rate.
Promotions, coupons and optional add-ons are excluded.
Final buyer charges such as taxes or payment fees are not verified.
Official sources: FTMO · 2-Step Challenge (checked 23 October 2026); FTMO · FAQ: What fees do you charge, and are they recurrent? (checked 4 October 2026); FTMO · Trading objectives (2-Step) (checked 4 October 2026); European Central Bank · Euro foreign exchange reference rates (checked 23 October 2026).
About this rule. The advertised base cost of a 30-day attempt in US dollars, divided by the opening loss allowance and multiplied by 1,000. A cost scenario for comparing accounts, not an all-in price.
Activation fee
Activation fee: None
Official source: FTMO · FAQ: What fees do you charge, and are they recurrent? (checked 4 October 2026).
About this rule. A mandatory charge to activate a funded account after passing, if any.
Compare this rule across accounts
Read the guide: Reserve activation costs and keep refunds conditional
Platform and data fees
Platform and data fees: None
Official source: FTMO · FAQ: What fees do you charge, and are they recurrent? (checked 4 October 2026).
About this rule. Mandatory platform or market-data charges on top of the list price, if any.
Compare this rule across accounts
Read the guide: What market data is included, and what costs extra?
Payout processing fees
Payout processing fees: FTMO says it charges no withdrawal commission.
Official source: FTMO · FAQ: How do I withdraw my reward? (checked 4 October 2026).
About this rule. Charges deducted when a payout is sent, which depend on the payment method.
Compare this rule across accounts
Read the guide: How do payout processing fees affect cash received?
Evaluation & risk
Opening loss allowance
Opening loss allowance: $20,000
How this is calculated. Opening balance minus the opening total-loss floor, for each required evaluation phase. The smallest result is used.
- Phase 1 opening balance
- $200,000
- Phase 1 opening total-loss floor
- $180,000
- Phase 2 opening balance
- $200,000
- Phase 2 opening total-loss floor
- $180,000
- Result
- $20,000
Daily loss limits and any trailing of the floor after the opening are separate rules.
Official sources: FTMO · 2-Step Challenge (checked 4 October 2026); FTMO · Trading objectives (2-Step) (checked 4 October 2026).
About this rule. How much the account can lose from its opening balance before the total-loss rule is broken, using the smallest allowance across the required evaluation phases. An account bought without an evaluation uses its funded account's allowance. It is not daily headroom, live capital or a pass probability.
Compare this rule across accounts
Read the guide: How do you calculate the opening loss allowance?
Difficulty ratio
Difficulty ratio: 1.50
How this is calculated. For each required evaluation phase, the profit target divided by that phase's opening loss allowance. The results are added.
- Phase 1 profit target
- 10% of $200,000 = $20,000
- Phase 1 opening loss allowance
- $20,000
- Phase 2 profit target
- 5% of $200,000 = $10,000
- Phase 2 opening loss allowance
- $20,000
- Result
- 1.50
This describes the shape of the evaluation; it is not a pass probability.
Official sources: FTMO · 2-Step Challenge (checked 4 October 2026); FTMO · Trading objectives (2-Step) (checked 4 October 2026).
About this rule. Each required phase's profit target divided by that phase's opening loss allowance, added together. More target per dollar of allowed loss gives a higher number; an account bought without an evaluation has no target, so its ratio is 0. It describes the shape of the evaluation, not the chance of passing.
Compare this rule across accounts
Read the guide: How PFW's comparison pages summarize a route
Evaluation route
Evaluation route: Standard account type, without the Swing option or add-ons. Two evaluation phases (the FTMO Challenge, then the Verification), followed by the funded FTMO Account.
Official sources: FTMO · 2-Step Challenge (checked 4 October 2026); FTMO · Trading objectives (2-Step) (checked 4 October 2026); FTMO · FAQ: Can I trade news? (checked 4 October 2026).
About this rule. The exact variant compared here and the stages between purchase and a funded account.
Compare this rule across accounts
Read the guide: What do one-step, two-step, three-step, and instant funding mean?
Profit targets
Profit targets: 10% then 5%
Conditions and limits. 10% in phase 1 ($20,000) and 5% in phase 2 ($10,000).
Official sources: FTMO · 2-Step Challenge (checked 4 October 2026); FTMO · Trading objectives (2-Step) (checked 4 October 2026).
About this rule. The profit each required evaluation phase must reach, as a share of the opening balance. An account bought without an evaluation has none.
Compare this rule across accounts
Read the guide: How does the journey from purchase to payout work?
Total and daily loss
Total and daily loss: Static 10% total; 5% hard daily loss. Initial floor $180,000.
Official sources: FTMO · 2-Step Challenge (checked 4 October 2026); FTMO · Trading objectives (2-Step) (checked 4 October 2026).
About this rule. The overall and daily loss limits, how they move, and what balance or equity they are measured against.
Compare this rule across accounts
Read the guide: Why can two “5% daily loss” rules produce different limits?
Minimum days and time limits
Minimum days and time limits: At least 4 trading days in each phase. There is no time limit, but FTMO's activation and inactivity terms still apply.
Official sources: FTMO · 2-Step Challenge (checked 4 October 2026); FTMO · Trading objectives (2-Step) (checked 4 October 2026); FTMO · FTMO Challenge terms and conditions (PDF) (checked 4 October 2026).
About this rule. The minimum number of trading or profitable days each evaluation phase requires, including any minimum the firm states a consistency rule sets, any time limit for passing, and any inactivity period after which the account is closed.
Payouts
First and later payouts
First and later payouts: You can request a Reward claim in the Account MetriX on the 14th or any following day after the first placed trade on the specific accountPartly unknown
Partly unknown. Part of this rule is not established by the firm's published material. The known parts are shown; the rest is left open rather than guessed.
Official source: FTMO · FAQ: How do I withdraw my reward? (checked 4 October 2026).
About this rule. When the first payout can be requested and how often later requests are allowed. Waiting periods, qualifying days, review and payment are separate clocks.
Payout minimums and caps
Payout minimums and caps: Bank requires $20 closed profit; crypto $50.
Official source: FTMO · FAQ: How do I withdraw my reward? (checked 4 October 2026).
About this rule. The smallest request allowed and any limit on how much can be withdrawn per request or cycle.
Funded consistency rules
Funded consistency rules: No extra consistency rule and no minimum number of trading days on the funded account for this 2-Step route.
Official sources: FTMO · Trading objectives (2-Step) (checked 4 October 2026); FTMO · FAQ: Consistency rules (checked 4 October 2026).
About this rule. Rules on how profit must be spread across days or trades before a funded payout, and any required profitable days.
Published processing time
Published processing time: FTMO says it reviews a reward request and replies within 1–2 business days, and typically sends payment 1–2 business days after the invoice is approved. The time for money to arrive is separate.
Official source: FTMO · FAQ: How do I withdraw my reward? (checked 4 October 2026).
About this rule. How long the firm says review and payment take after a request. These are published estimates, not measured times.
Compare this rule across accounts
Read the guide: What do “24-hour,” “instant,” and “on-demand” payouts mean?
Refunds
Fee refund with a reward
Fee refund with a reward: The challenge fee is refunded with the first reward. It still has to be paid upfront.
Official sources: FTMO · FAQ: What fees do you charge, and are they recurrent? (checked 4 October 2026); FTMO · FAQ: Is the entry fee refunded? (checked 4 October 2026).
About this rule. Whether and when the challenge fee is paid back after a successful payout.
Cancellation refund
Cancellation refund: Consumers can cancel within 14 calendar days if they have not placed a trade, with the refund paid within 14 days, under FTMO's evaluation terms.
Official source: FTMO · FTMO Challenge terms and conditions (PDF) (checked 4 October 2026).
About this rule. Whether a purchase can be cancelled and refunded, and on what conditions.
Trading rules
News trading
News trading: No news restriction during the evaluation (the FTMO Challenge and the Verification). On the funded FTMO Account, trades on the instruments a selected news release affects cannot be opened or closed, and pending orders such as a stop-loss or take-profit cannot execute, from 2 minutes before to 2 minutes after the release. Positions opened more than 2 minutes before may be held, but a stop-loss or take-profit triggered in that window is a breach, and a breach may end the FTMO Account.News trading: allowed in the evaluation, restricted when funded.
Official source: FTMO · FAQ: Can I trade news? (checked 4 October 2026).
News trading by stage
- Evaluation
- Allowed. No news restriction in the Challenge or the Verification. However, opening trades to profit from gaps around scheduled major news is a forbidden practice in every stage.
- Funded
- Restricted. On instruments a selected news release affects, no trade may be opened or closed, and no pending order, stop-loss or take-profit may fill, from 2 minutes before to 2 minutes after it. Positions opened earlier may be held. A breach may end the FTMO Account.
Official sources: FTMO · FAQ: Can I trade news? (checked 4 October 2026); FTMO · Forbidden trading practices (checked 20 October 2026).
About this rule. Restrictions on opening, closing or holding positions around scheduled news.
Compare this rule across accounts
Read the guide: What does a news-trading restriction actually restrict?
Overnight and weekend holding
Overnight and weekend holding: Allowed during the evaluation. On the funded Standard account, positions must be closed over the weekend and over market breaks longer than 2 hours.Overnight and weekend holding: allowed in the evaluation, restricted when funded.
Official source: FTMO · FAQ: Holding positions overnight and over the weekend (checked 4 October 2026).
Overnight and weekend holding by stage
- Evaluation
- Allowed. Positions may be held overnight and over the weekend in the Challenge and the Verification. Opening trades 2 hours or less before a market closes for 2 hours or more, to profit from the gap, is a forbidden practice.
- Funded
- Restricted. Overnight holding is allowed, but positions must be closed shortly before the weekend close and before market breaks longer than 2 hours.
Official sources: FTMO · FAQ: Holding positions overnight and over the weekend (checked 4 October 2026); FTMO · Forbidden trading practices (checked 20 October 2026).
About this rule. Whether positions can be held overnight and over the weekend.
Compare this rule across accounts
Read the guide: Which CFD/FX accounts allow overnight and weekend positions?
Expert advisors and copying
Expert advisors and copying: Your own expert advisors are allowed under conditions. FTMO's CFD rules do not cover copying between your own accounts; FTMO's support told us on 5 October 2026 that you may, without opposite or hedging positions across the accounts and within the $400,000 allocation limit.InterpretationExpert advisors: allowed in both stages.Copying your own trades: allowed (our reading) in both stages.
Interpretation. This is our reading of the firm's wording, not an explicit statement by the firm.
Official sources: FTMO · FAQ: Instruments and allowed strategies (checked 6 October 2026); FTMO · FAQ: How many accounts can I have? (checked 6 October 2026); FTMO · Forbidden trading practices (checked 6 October 2026).
Expert advisors by stage
- Evaluation and funded
- Allowed. Your own and third-party EAs are allowed if the trading is legitimate. Other traders may run the same third-party EA, which makes it the same strategy; if their combined allocation exceeds FTMO's $400,000 limit per trader or strategy, you risk being refused the FTMO Account. An EA that makes more than 2,000 server requests a day is a forbidden practice.
Official sources: FTMO · FAQ: Instruments and allowed strategies (checked 4 October 2026); FTMO · Forbidden trading practices (checked 20 October 2026); FTMO · FAQ: How many accounts can I have? (checked 4 October 2026).
Copying your own trades by stage
- Evaluation and funded
- Allowed (our reading). FTMO's CFD rules do not say whether you may copy trades between your own accounts. FTMO's support told us on 5 October 2026 that you may, without manipulative combinations such as opposite or hedging positions across the accounts, and within the $400,000 allocation limit per trader or strategy across all your FTMO accounts. No one else may trade for you or in coordination with you.
Official sources: FTMO · Forbidden trading practices (checked 20 October 2026); FTMO · FAQ: How many accounts can I have? (checked 6 October 2026); FTMO · FAQ: Instruments and allowed strategies (checked 6 October 2026).
About this rule. Whether automated strategies are allowed and whether trades can be copied between your own accounts.
Compare this rule across accounts
Read the guide: Automation and copying: what actually needs permission?
Contractual penalties
Contractual penalties: No fine or per-breach penalty in FTMO's published terms. Forbidden trading practices or risk-management breaches can end all agreements and accounts with no refund, forfeit potential rewards and bar future use. The trader indemnifies FTMO against certain third-party claims. The funded-account terms are not published.
Official sources: FTMO · Forbidden trading practices (checked 20 October 2026); FTMO · FTMO Challenge terms and conditions (PDF) (checked 4 October 2026).
About this rule. Penalties the terms set out for rule breaches beyond failing the account.
Compare this rule across accounts
Read the guide: Is it a prohibition, a condition or a review trigger?
Platforms & eligibility
Platforms
Platforms: MetaTrader 4, MetaTrader 5, cTrader or TradingView, chosen when you buy.
Official source: FTMO · FAQ: Which platforms can I use for trading? (checked 3 October 2026).
About this rule. The platforms the firm offers in this market, with any extra charge or country limit it states. It is the firm's list for all its accounts in the market.
Platform access and eligibility
Platform access and eligibility: Compared on MT5. Open to traders aged 18 or over, with country exclusions. The route for US residents differs from the global one.
Official sources: FTMO · FAQ: Who can join FTMO? (checked 4 October 2026); FTMO · Challenges and pricing (checked 4 October 2026).
About this rule. Who can buy the account: age, identity checks and country restrictions, and any platform limits by country.
Ratings
Not rated. Overall program scores and reliability ratings are not published yet; the figures above are measurements of stated terms, not a verdict.