The FTMO account offers a high-income and growth opportunity for Indian traders, allowing them to team up with a global leader in the prop trading space. To join the FTMO funding program, Indian traders need to pass the FTMO challenge, both Phases, i.e., Challenge Phase 1 and Verification Phase 2. Upon passing, they may be eligible for an FTMO funding program, subject to contract and KYC verification.

FTMO funding program for Indian Traders offers a unique scaling plan, which states that an FTMO Traders who meet the Scaling Plan requirements are rewarded with a 25% increase in their FTMO Account balance and a bigger reward of 90%. With scaling, FTMO Accounts can be increased to a maximum initial balance of $2,000,000. This FTMO review will cover the account sizes, cost, profit splits, payouts, payment methods, and FTMO trading rules for a long-term trading career with FTMO.
 

How to get an FTMO Funding Program

You need to pass steps 1 and 2 of the FTMO 2 step challenge. Here are the details of the 2 step FTMO Challenge.

Step 1: FTMO Challenge

A demo account with fictitious capital, where you will have to trade according to our Trading Objectives. You will have superior account conditions in the form of our own FTMO solution with very low commissions and spreads. If you manage to pass all requirements, you will proceed to the second and final step of the evaluation.
 

Step 2: Verification

A demo account with fictitious capital, whereby you verify your performance and consistency. The rules in the Verification stage are easier. For a detailed explanation of the rules, please visit the Trading Objectives site.

FTMO Trader with FTMO Account

After you successfully pass the Verification stage, you may get the chance to become an FTMO Trader after passing our review of your trading. It includes an FTMO contract and KYC verification. To conclude a contract for your FTMO funding program, FTMO will ask you to complete your identification, where you will have to provide us with documents and information required by law. The conclusion of the contract is dependent on the finalisation of identification procedures in accordance with the FTMO Australia internal policies. The following table states the amount you need to pay to start an FTMO 2 step Challenge based on the FTMO account size (initial balance)
 

FTMO Account Size and Cost (in US$, Euro, and INR) (Table)

Payment Currency: FTMO collects payments in EUR/USD/CZK/GBP.

The following table lists the targets and drawdown limits based on the FTMO account balance.

How to Choose an FTMO Funding Program

FTMO Traders will have the same account balance size as chosen for their preceding FTMO Challenge and Verification. To avoid any confusion, after a client becomes an FTMO Trader, he/she will be provided with a demo account with fictitious capital. Clients are entitled to up to 90% of the simulated profits generated on the FTMO Account. 
 

FTMO does not have upgrading options, so you need to choose the appropriate account size right at the beginning when you are configuring your FTMO Challenge. You can, however, start a new FTMO Challenge, and upon successfully passing another Evaluation Process, FTMO will provide you with another FTMO Account. Just keep in mind that our maximum capital allocation on FTMO Accounts is USD $400,000 per trader/strategy.
 

FTMO Account Rules

When you become an FTMO Trader, the already knows that they can trust your trading skills and abilities to manage risk properly, and therefore, they will provide you with top-rated trading conditions in the industry. To ensure you will not be stressed by chasing any targets, FTMO has completely removed the Profit Target requirement to give you the freedom to trade with peace of mind. The only Trading Objectives FTMO requires you to respect are the drawdown rules (Maximum Daily Loss and Maximum Loss), which are the most important rules FTMO cares about, as these are the fundamentals of trading.
 

FTMO Account Types Breakdown (Table)

Note: $400,000 can be attained by merging two $200,000 accounts.

Who can qualify as a Professional Trader?

A professional trader is someone who meets specific criteria, including trading volume, experience, and financial knowledge. The detailed requirements for FTMO  can be found on the following page: https://ftmo.com/au/professional-trader. For more information, you can contact FTMO Support at [email protected].

Who can implement News Trading and Weekend Holding?

Only the swing account holder can use news trading. No other account types are allowed for news trading and weekend holding. No other account types are allowed to use news trading or weekend holdings.

FTMO believes in fair trading. They emphasize proper risk management and follow optimum market behaviour.

Important FTMO Account Rules You must Know

If you are trading under an FTMO funded account, you must strictly follow the firm’s trading rules. Violating any of these rules can result in account termination or profit denial, even if you are profitable.
Below are the list of important FTMO account rules that every trader should understand before starting with the firm:

• During the challenge or funded phase, traders must not exceed a 5% daily loss limit, calculated based on the account balance or equity.
• The maximum total drawdown is 10%. Exceeding this limit will immediately breach the account.
• No news trading, or weekend holding is allowed on standard funded accounts (Only allowed on Swing accounts, as well as during Challenge and Verification phases).
• Accounts must be traded only by the registered trader. Using third-party traders or shared management is prohibited.
• FTMO strictly forbids using trading strategies like grid trading, martingale strategies, or hedging which are designed to bypass the risk rules. Any attempt to manipulate risk limits will lead to disqualification or account termination.
• All trades must follow the official market hours and trading during market closures is not allowed nor available.
• Traders must continuously stay within both daily and maximum drawdown limits throughout trading.
• Only genuine, market based trading strategies are allowed. But exploitative or artificial trading behavior is prohibited.
• Expert Advisors (EAs) and copy trading are allowed as long as they follow FTMO’s fair-trading rules.
• Traders must not exploit the price of feed errors, use latency arbitrage, execution delays, technical glitches (price errors, slow feeds), latency, or market manipulation.
• Opening multiple FTMO accounts to artificially increase exposure or balance is not allowed.
• Any form of arbitrage trading is strictly prohibited.
• No opening of opposite positions on the same or linked accounts.
• Trading on behalf of another person or sharing the account access is strictly prohibited.
• No duplication of strategy, using the same strategy in multiple FTMO funding programs beyond the approved limits.
• Traders can use EAs and Copy Trading, but with fair trading rules.

FTMO Payouts and Payment Methods

Each trader with an FTMO funding program is entitled to receive a reward equivalent to 80% of simulated profits, which can be increased up to 90% if the trader qualifies for it. This means the trader is entitled to the reward after meeting the necessary conditions and achieving success on an FTMO Account. The reward is processed on a bi-weekly basis, and the average processing time for the reward is 8 hours. It means the trader won’t have to wait too long for their earned profits.

What types of FTMO payment methods are available?

Traders can purchase the FTMO challenge accounts through the following payment gateways:

• Bank Transfer - Withdraw payouts in your bank account
• Nuvei - Credit and debit card
• checkout.com - Credit and debit card
• Skrill - Skrill account
• Cinfirmo - Crypto
• Letknow pay - Crypto
• PayPal - PayPal account

Types of Credit Cards

• Mastercard
• Visa
• Maestro
• Diners
• Discover

Conclusion

As an FTMO trader, you have the freedom to select your own account balance and start trading on a simulated account and capital on FTMO. You have to maintain fair trading practices, risk management parameters, rules, and strategies, and avoid prohibited trading practices. You can enjoy up to 90% profit and a bi-weekly payout. You can scale up to 2 million.

For a comprehensive FTMO review, you can visit The Trusted Prop, a leading review website. If you want to start a challenge account on FTMO, enjoy its FTMO discounts and FTMO coupon Codes here and sign up.