FTMO Challenge Alternative & Comparison
Prop Firm/Challenge
-
Max Account Size After Scaling
-
Customisation
-
Rapid Scaling
-
Number Of Phases
-
Price: $USD
-
Refundable Fee
-
Target Phase 1
-
Target Phase 2
-
Maximum Drawdown
-
Daily Drawdown
-
Profit Share
-
Minimum Trading Days Phase 1
-
Minimum Trading Days Phase 2
-
Trading Period Phase 1
-
Trading Period Phase 2
-
Hold Over Weekends
-
Use EA’s
-
Allow Signals
-
Allow News Trading
-
Free Retry
-
Trade FX
-
Trade Digital Currencies
-
Trade Commodities
-
Trade Indices
-
Trade Share/Stock CFDs
-
Trading Competitions
-
Giveaways
-
Trader Education
-
Affiliate Program Pays
Traders With
Edge Turtle
-
$3 Million
-
Yes
-
Yes
-
1
-
$549.00
-
❌
-
10%
-
N/A
-
6%
-
3%
-
80%
-
10
-
N/A
-
365
-
N/A
-
Yes
-
With Approval
-
Yes
-
Yes
-
❌
-
Yes
-
Yes
-
Yes
-
Yes
-
Yes
-
Yes
-
Yes
-
Yes
-
Up To 20% Lifetime
Traders with
edge hare
-
$3 Million
-
Yes
-
Yes
-
2
-
$550.00
-
Yes
-
10%
-
5%
-
10%
-
5%
-
80%
-
5
-
5
-
60
-
60
-
❌
-
Yes
-
Yes
-
Yes
-
Unlimited
-
Yes
-
Yes
-
Yes
-
Yes
-
Yes
-
Yes
-
Yes
-
Yes
-
Up To 20% Lifetime
FTMO Normal Challenge
-
$2 Million
-
❌
-
❌
-
2
-
$598.00
-
Yes
-
10%
-
5%
-
10%
-
5%
-
80%
-
10
-
10
-
30
-
60
-
❌
-
Yes
-
Yes
-
Yes
-
Yes
-
Yes
-
Yes
-
Yes
-
Yes
-
Yes
-
❌
-
❌
-
Yes
-
8% once
FTMO Aggressive Account
-
$1 Million
-
❌
-
❌
-
2
-
$1,196.00
-
Yes
-
20%
-
10%
-
20%
-
10%
-
80%
-
10
-
10
-
30
-
60
-
❌
-
Yes
-
Yes
-
Yes
-
Yes
-
Yes
-
Yes
-
Yes
-
Yes
-
Yes
-
❌
-
❌
-
Yes
-
8% once
Choose your account type
Select Trading Capital
1 Phase CHALLENGE
Phase 1 |
Funded |
|
Profit Split |
NA |
80% |
Account Scaling |
NA |
Yes |
Scaling To |
NA |
$3 Mill |
Target |
10% |
NA |
Max Daily Loss |
3% / $150 |
3% / $150 |
Max Loss |
6% / $300 |
6% / $300 |
Min Time Days |
10 |
10 |
Max Time Days |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
News Trading |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Payout |
NA |
2 Weeks |
Participation Fee |
$55 |
$0 |
1 Phase CHALLENGE
Phase 1 |
Funded |
|
Profit Split |
NA |
80% |
Account Scaling |
NA |
Yes |
Scaling To |
NA |
$3 Mill |
Target |
10% |
NA |
Max Daily Loss |
3% / $300 |
3% / $300 |
Max Loss |
6% / $600 |
6% / $600 |
Min Time Days |
10 |
10 |
Max Time Days |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
News Trading |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Payout |
NA |
2 Weeks |
Participation Fee |
$100 |
$0 |
1 Phase CHALLENGE
Phase 1 |
Funded |
|
Profit Split |
NA |
80% |
Account Scaling |
NA |
Yes |
Scaling To |
NA |
$3 Mill |
Target |
10% |
NA |
Max Daily Loss |
3% / $750 |
3% / $750 |
Max Loss |
6% / $1,500 |
6% / $1,500 |
Min Time Days |
10 |
10 |
Max Time Days |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
News Trading |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Payout |
NA |
2 Weeks |
Participation Fee |
|
$0 |
1 Phase CHALLENGE
Phase 1 |
Funded |
|
Profit Split |
NA |
80% |
Account Scaling |
NA |
Yes |
Scaling To |
NA |
$3 Mill |
Target |
10% |
NA |
Max Daily Loss |
3% / $1,500 |
3% / $1,500 |
Max Loss |
6% / $3,000 |
6% / $3,000 |
Min Time Days |
10 |
10 |
Max Time Days |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
News Trading |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Payout |
NA |
2 Weeks |
Participation Fee |
|
$0 |
1 Phase CHALLENGE
Phase 1 |
Funded |
|
Profit Split |
NA |
80% |
Account Scaling |
NA |
Yes |
Scaling To |
NA |
$3 Mill |
Target |
10% |
NA |
Max Daily Loss |
3% / $3,000 |
3% / $3,000 |
Max Loss |
6% / $6,000 |
6% / $6,000 |
Min Time Days |
10 |
10 |
Max Time Days |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
News Trading |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Payout |
NA |
2 Weeks |
Participation Fee |
|
$0 |
1 Phase CHALLENGE
Phase 1 |
Funded |
|
Profit Split |
NA |
80% |
Account Scaling |
NA |
Yes |
Scaling To |
NA |
$3 Mill |
Target |
10% |
NA |
Max Daily Loss |
3% / $6,000 |
3% / $6,000 |
Max Loss |
6% / $12,000 |
6% / $12,000 |
Min Time Days |
10 |
10 |
Max Time Days |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
News Trading |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Payout |
NA |
2 Weeks |
Participation Fee |
|
$0 |
1 Phase CHALLENGE
Phase 1 |
Funded |
|
Profit Split |
NA |
80% |
Account Scaling |
NA |
Yes |
Scaling To |
NA |
$3 Mill |
Target |
10% |
NA |
Max Daily Loss |
3% / $15,000 |
3% / $15,000 |
Max Loss |
6% / $30,000 |
6% / $30,000 |
Min Time Days |
10 |
10 |
Max Time Days |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
News Trading |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Payout |
NA |
2 Weeks |
Participation Fee |
|
$0 |
1 Phase CHALLENGE
Phase 1 |
Funded |
|
Profit Split |
NA |
80% |
Account Scaling |
NA |
Yes |
Scaling To |
NA |
$3 Mill |
Target |
10% |
NA |
Max Daily Loss |
3% / $30,000 |
3% / $30,000 |
Max Loss |
6% / $60,000 |
6% / $60,000 |
Min Time Days |
10 |
10 |
Max Time Days |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
News Trading |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Payout |
NA |
2 Weeks |
Participation Fee |
|
$0 |
1 Phase CHALLENGE
Phase 1 |
Funded |
|
Profit Split |
NA |
80% |
Account Scaling |
NA |
Yes |
Scaling To |
NA |
$3 Mill |
Target |
20% |
NA |
Max Daily Loss |
5% / $250 |
5% / $250 |
Max Loss |
10% / $500 |
10% / $500 |
Min Time Days |
10 |
10 |
Max Time Days |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
News Trading |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Payout |
NA |
2 Weeks |
Participation Fee |
|
$0 |
1 Phase CHALLENGE
Phase 1 |
Funded |
|
Profit Split |
NA |
80% |
Account Scaling |
NA |
Yes |
Scaling To |
NA |
$3 Mill |
Target |
20% |
NA |
Max Daily Loss |
5% / $500 |
5% / $500 |
Max Loss |
10% / $1,000 |
10% / $1,000 |
Min Time Days |
10 |
10 |
Max Time Days |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
News Trading |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Payout |
NA |
2 Weeks |
Participation Fee |
|
$0 |
1 Phase CHALLENGE
Phase 1 |
Funded |
|
Profit Split |
NA |
80% |
Account Scaling |
NA |
Yes |
Scaling To |
NA |
$3 Mill |
Target |
20% |
NA |
Max Daily Loss |
5% / $1,250 |
5% / $1,250 |
Max Loss |
10% / $2,500 |
10% / $2,500 |
Min Time Days |
10 |
10 |
Max Time Days |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
News Trading |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Payout |
NA |
2 Weeks |
Participation Fee |
|
$0 |
1 Phase CHALLENGE
Phase 1 |
Funded |
|
Profit Split |
NA |
80% |
Account Scaling |
NA |
Yes |
Scaling To |
NA |
$3 Mill |
Target |
20% |
NA |
Max Daily Loss |
5% / $2,500 |
5% / $2,500 |
Max Loss |
10% / $5,000 |
10% / $5,000 |
Min Time Days |
10 |
10 |
Max Time Days |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
News Trading |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Payout |
NA |
2 Weeks |
Participation Fee |
|
$0 |
1 Phase CHALLENGE
Phase 1 |
Funded |
|
Profit Split |
NA |
80% |
Account Scaling |
NA |
Yes |
Scaling To |
NA |
$3 Mill |
Target |
20% |
NA |
Max Daily Loss |
5% / $5,000 |
5% / $5,000 |
Max Loss |
10% / $10,000 |
10% / $10,000 |
Min Time Days |
10 |
10 |
Max Time Days |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
News Trading |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Payout |
NA |
2 Weeks |
Participation Fee |
|
$0 |
1 Phase CHALLENGE
Phase 1 |
Funded |
|
Profit Split |
NA |
80% |
Account Scaling |
NA |
Yes |
Scaling To |
NA |
$3 Mill |
Target |
20% |
NA |
Max Daily Loss |
5% / $10,000 |
5% / $10,000 |
Max Loss |
10% / $20,000 |
10% / $20,000 |
Min Time Days |
10 |
10 |
Max Time Days |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
News Trading |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Payout |
NA |
2 Weeks |
Participation Fee |
|
$0 |
1 Phase CHALLENGE
Phase 1 |
Funded |
|
Profit Split |
NA |
80% |
Account Scaling |
NA |
Yes |
Scaling To |
NA |
$3 Mill |
Target |
20% |
NA |
Max Daily Loss |
5% / $25,000 |
5% / $25,000 |
Max Loss |
10% / $50,000 |
10% / $50,000 |
Min Time Days |
10 |
10 |
Max Time Days |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
News Trading |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Payout |
NA |
2 Weeks |
Participation Fee |
|
$0 |
1 Phase CHALLENGE
Phase 1 |
Funded |
|
Profit Split |
NA |
80% |
Account Scaling |
NA |
Yes |
Scaling To |
NA |
$3 Mill |
Target |
20% |
NA |
Max Daily Loss |
5% / $50,000 |
5% / $50,000 |
Max Loss |
10% / $100,000 |
10% / $100,000 |
Min Time Days |
10 |
10 |
Max Time Days |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
Account Scaling |
NA |
Yes |
EA’s Allowed |
Yes |
Yes |
News Trading |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Payout |
NA |
2 Weeks |
Participation Fee |
|
$0 |
Turtle (1-Phase) Trading Rules
The profit target on the stage 1 account is reached when the account equity reaches 10% gain above the initial starting equity.
There is no profit target for stage 2 funded accounts.
We calculate the daily loss limit based on the previous day’s end of day equity. This is calculated at 5PM EST, so ensure you know what time of day this is in your location.
All of this is calculated for you automatically inside your traders dashboard in real time, so you don’t need to calculate any of it, but you do need to understand it.
Example 1:
The day’s starting balance was $100,000. You open a position and it goes into $10,000 profit and you close the trade before the end of the day. At the end of this day your account equity is $110,000 which is carried over to the second day.
The second day your daily drawdown limit is reset with the new High-Water Mark being $110,000. If your daily drawdown limit is 3% on the Turtle account then the lowest your equity can reach is $110,000 – $3,300 = $106,700.
Example 2 (Violation): The day’s starting balance was $100,000. You open a position and it goes into $10,000 profit but you did NOT close the trade before the end of the day. Instead you moved your stop-loss to breakeven. At the end of this day your account equity is $110,000 which is carried over to the second day.
On the second day the trade goes back to breakeven and is closed by your stop-loss. Even though the individual trade did not lose from the balance, you have lost more than the allowable amount (3% on a Turtle account) on a single day and this will be a hard violation and the account will be closed.
The Maximum Drawdown is static, which means it is calculated based on the initial balance and not the equity.
For example:
The Maximum drawdown of a 100K Turtle account is 6% of the initial balance. This means that the Maximum drawdown level is always 100K minus (100K x 6%) = 94K.
If you violate this rule, the account will be closed.
The minimum time to complete the Turtle Challenge is 10 trading days. There must have been at least one trade opened on 10 different days to successfully pass the challenge.
A trader may not reach the profit target with one large trade, then use significantly smaller lots to pass the minimum trading days.
When the account is reviewed if there is a large difference in lot size used to pass minimum time rule the challenge will be failed.
Trades must be fully executed trades, they can not just be opened and closed. Pending orders do not count towards the total.
You can take as much time as you need to complete the Turtle Challenge, as there is no maximum time limit. You are free to trade at your own pace as long as you do not breach the inactivity period.
All challenge and funded accounts are traded on a demo account so we can manage our risk. Your funded account is connected to a real funded account, which you are paid from.
To ensure trades can be copied effectively to the real account we can not tolerate any form of manipulation on any account.
Manipulation includes but not limited to:
- Tick scalping – constantly opening and closing trades in less than 30 seconds. We realise sometimes trades are closed instantly for one reason or another, so if there are occasional trades that are opened and closed in less time we won’t close your account.
- Arbitrage.
- Hedging between accounts.
- Delayed or frozen data feeds.
- Unrealistic fills that don’t take into account slippage, where a huge lot size is used and closed within a small amount of pips.
- Allowing others to trade your account.
- Copying others trades.
- Lot size manipulation – Traders cannot use a much smaller trade to pass the minimum days after hitting the profit target or to fill the minimum trading days. As a guide, the deviation can not be greater than a factor of 5.
– Example 1: If your smallest lot size is 1 and your largest is 5 on similar assets, this is okay.
– Example 2: If your smallest lot size is 0.1 and your largest is 5 on similar assets, this is not okay.
– Example 3: If your trade 1 lot on EURUSD and hit your profit target and then trade 1 lot on LTCUSD to pass minimum days, this is not okay as LTC has a contract size of 1 while EURUSD has a contract size of 100,000. In this example, a 100 pip increase in LTCUSD would be equivalent to $10 but a 100 pip increase in EURUSD would be equivalent to $1,000.
– Example 4: If you have 5 trades of EURUSD opened at the same time, each with a lot size of 1, your net position size is 5 Lots. Thus, if your smallest lot size is 0.5 lots, this is not okay. - Taking advantage of the demo environment is also not permitted.
- Traders cannot trade digital currencies over the weekend to pass the minimum days.
Select Trading Capital
2 Phase CHALLENGE
Phase 1 |
Phase 2 |
Funded |
|
Profit Split |
NA |
NA |
80% |
Account Scaling |
NA |
NA |
Yes |
Scaling To |
NA |
NA |
$3 Mill |
Target |
10% |
5% |
NA |
Max Daily Loss |
5% / $250 |
5% / $250 |
5% / $250 |
Max Loss |
10% / $500 |
10% / $500 |
10% / $500 |
Min Time Days |
5 |
5 |
10 |
Max Time Days |
Unlimited |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
Yes |
News Trading |
Yes |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Yes |
Payout |
NA |
NA |
2 Weeks |
Participation Fee |
$69 |
$0 |
Refund |
2 Phase CHALLENGE
Phase 1 |
Phase 2 |
Funded |
|
Profit Split |
NA |
NA |
80% |
Account Scaling |
NA |
NA |
Yes |
Scaling To |
NA |
NA |
$3 Mill |
Target |
10% |
5% |
NA |
Max Daily Loss |
5% / $500 |
5% / $500 |
5% / $500 |
Max Loss |
10% / $1,000 |
10% / $1,000 |
10% / $1,000 |
Min Time Days |
5 |
5 |
10 |
Max Time Days |
Unlimited |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
Yes |
News Trading |
Yes |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Yes |
Payout |
NA |
NA |
2 Weeks |
Participation Fee |
$110 |
$0 |
Refund |
2 Phase CHALLENGE
Phase 1 |
Phase 2 |
Funded |
|
Profit Split |
NA |
NA |
80% |
Account Scaling |
NA |
NA |
Yes |
Scaling To |
NA |
NA |
$3 Mill |
Target |
10% |
5% |
NA |
Max Daily Loss |
5% / $1,250 |
5% / $1,250 |
5% / $1,250 |
Max Loss |
10% / $2,500 |
10% / $2,500 |
10% / $2,500 |
Min Time Days |
5 |
5 |
10 |
Max Time Days |
Unlimited |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
Yes |
News Trading |
Yes |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Yes |
Payout |
NA |
NA |
2 Weeks |
Participation Fee |
$220 |
$0 |
Refund |
2 Phase CHALLENGE
Phase 1 |
Phase 2 |
Funded |
|
Profit Split |
NA |
NA |
80% |
Account Scaling |
NA |
NA |
Yes |
Scaling To |
NA |
NA |
$3 Mill |
Target |
10% |
5% |
NA |
Max Daily Loss |
5% / $2,500 |
5% / $2,500 |
5% / $2,500 |
Max Loss |
10% / $5,000 |
10% / $5,000 |
10% / $5,000 |
Min Time Days |
5 |
5 |
10 |
Max Time Days |
Unlimited |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
Yes |
News Trading |
Yes |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Yes |
Payout |
NA |
NA |
2 Weeks |
Participation Fee |
$330 |
$0 |
Refund |
2 Phase CHALLENGE
Phase 1 |
Phase 2 |
Funded |
|
Profit Split |
NA |
NA |
80% |
Account Scaling |
NA |
NA |
Yes |
Scaling To |
NA |
NA |
$3 Mill |
Target |
10% |
5% |
NA |
Max Daily Loss |
5% / $5,000 |
5% / $5,000 |
5% / $5,000 |
Max Loss |
10% / $10,000 |
10% / $10,000 |
10% / $10,000 |
Min Time Days |
5 |
5 |
10 |
Max Time Days |
Unlimited |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
Yes |
News Trading |
Yes |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Yes |
Payout |
NA |
NA |
2 Weeks |
Participation Fee |
$550 |
$0 |
Refund |
2 Phase CHALLENGE
Phase 1 |
Phase 2 |
Funded |
|
Profit Split |
NA |
NA |
80% |
Account Scaling |
NA |
NA |
Yes |
Scaling To |
NA |
NA |
$3 Mill |
Target |
10% |
5% |
NA |
Max Daily Loss |
5% / $10,000 |
5% / $10,000 |
5% / $10,000 |
Max Loss |
10% / $20,000 |
10% / $20,000 |
10% / $20,000 |
Min Time Days |
5 |
5 |
10 |
Max Time Days |
Unlimited |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
Yes |
News Trading |
Yes |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Yes |
Payout |
NA |
NA |
2 Weeks |
Participation Fee |
$997 |
$0 |
Refund |
2 Phase CHALLENGE
Phase 1 |
Phase 2 |
Funded |
|
Profit Split |
NA |
NA |
80% |
Account Scaling |
NA |
NA |
Yes |
Scaling To |
NA |
NA |
$3 Mill |
Target |
10% |
5% |
NA |
Max Daily Loss |
5% / $20,000 |
5% / $20,000 |
5% / $20,000 |
Max Loss |
10% / $40,000 |
10% / $40,000 |
10% / $40,000 |
Min Time Days |
5 |
5 |
10 |
Max Time Days |
Unlimited |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
Yes |
News Trading |
Yes |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Yes |
Payout |
NA |
NA |
2 Weeks |
Participation Fee |
$1,994 |
$0 |
Refund |
2 Phase CHALLENGE
Phase 1 |
Phase 2 |
Funded |
|
Profit Split |
NA |
NA |
80% |
Account Scaling |
NA |
NA |
Yes |
Scaling To |
NA |
NA |
$3 Mill |
Target |
20% |
10% |
NA |
Max Daily Loss |
10% / $500 |
10% / $500 |
10% / $500 |
Max Loss |
20% / $1,000 |
20% / $1,000 |
20% / $1,000 |
Min Time Days |
5 |
5 |
10 |
Max Time Days |
Unlimited |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
Yes |
News Trading |
Yes |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Yes |
Payout |
NA |
NA |
2 Weeks |
Participation Fee |
|
$0 |
Refund |
2 Phase CHALLENGE
Phase 1 |
Phase 2 |
Funded |
|
Profit Split |
NA |
NA |
80% |
Account Scaling |
NA |
NA |
Yes |
Scaling To |
NA |
NA |
$3 Mill |
Target |
20% |
10% |
NA |
Max Daily Loss |
10% / $1,000 |
10% / $1,000 |
10% / $1,000 |
Max Loss |
20% / $2,000 |
20% / $2,000 |
20% / $2,000 |
Min Time Days |
5 |
5 |
10 |
Max Time Days |
Unlimited |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
Yes |
News Trading |
Yes |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Yes |
Payout |
NA |
NA |
2 Weeks |
Participation Fee |
|
$0 |
Refund |
2 Phase CHALLENGE
Phase 1 |
Phase 2 |
Funded |
|
Profit Split |
NA |
NA |
80% |
Account Scaling |
NA |
NA |
Yes |
Scaling To |
NA |
NA |
$3 Mill |
Target |
20% |
10% |
NA |
Max Daily Loss |
10% / $2,500 |
10% / $2,500 |
10% / $2,500 |
Max Loss |
20% / $5,000 |
20% / $5,000 |
20% / $5,000 |
Min Time Days |
5 |
5 |
10 |
Max Time Days |
Unlimited |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
Yes |
News Trading |
Yes |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Yes |
Payout |
NA |
NA |
2 Weeks |
Participation Fee |
|
$0 |
Refund |
2 Phase CHALLENGE
Phase 1 |
Phase 2 |
Funded |
|
Profit Split |
NA |
NA |
80% |
Account Scaling |
NA |
NA |
Yes |
Scaling To |
NA |
NA |
$3 Mill |
Target |
20% |
10% |
NA |
Max Daily Loss |
10% / $5,000 |
10% / $5,000 |
10% / $5,000 |
Max Loss |
20% / $10,000 |
20% / $10,000 |
20% / $10,000 |
Min Time Days |
5 |
5 |
10 |
Max Time Days |
Unlimited |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
Yes |
News Trading |
Yes |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Yes |
Payout |
NA |
NA |
2 Weeks |
Participation Fee |
|
$0 |
Refund |
2 Phase CHALLENGE
Phase 1 |
Phase 2 |
Funded |
|
Profit Split |
NA |
NA |
80% |
Account Scaling |
NA |
NA |
Yes |
Scaling To |
NA |
NA |
$3 Mill |
Target |
20% |
10% |
NA |
Max Daily Loss |
10% / $10,000 |
10% / $10,000 |
10% / $10,000 |
Max Loss |
20% / $20,000 |
20% / $20,000 |
20% / $20,000 |
Min Time Days |
5 |
5 |
10 |
Max Time Days |
Unlimited |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
Yes |
News Trading |
Yes |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Yes |
Payout |
NA |
NA |
2 Weeks |
Participation Fee |
|
$0 |
Refund |
2 Phase CHALLENGE
Phase 1 |
Phase 2 |
Funded |
|
Profit Split |
NA |
NA |
80% |
Account Scaling |
NA |
NA |
Yes |
Scaling To |
NA |
NA |
$3 Mill |
Target |
20% |
10% |
NA |
Max Daily Loss |
10% / $20,000 |
10% / $20,000 |
10% / $20,000 |
Max Loss |
20% / $40,000 |
20% / $40,000 |
20% / $40,000 |
Min Time Days |
5 |
5 |
10 |
Max Time Days |
Unlimited |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
Yes |
News Trading |
Yes |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Yes |
Payout |
NA |
NA |
2 Weeks |
Participation Fee |
|
$0 |
Refund |
2 Phase CHALLENGE
Phase 1 |
Phase 2 |
Funded |
|
Profit Split |
NA |
NA |
80% |
Account Scaling |
NA |
NA |
Yes |
Scaling To |
NA |
NA |
$3 Mill |
Target |
20% |
10% |
NA |
Max Daily Loss |
10% / $40,000 |
10% / $40,000 |
10% / $40,000 |
Max Loss |
20% / $80,000 |
20% / $80,000 |
20% / $80,000 |
Min Time Days |
5 |
5 |
10 |
Max Time Days |
Unlimited |
Unlimited |
NA |
Account Leverage |
1:100 |
1:100 |
1:100 |
EA’s Allowed |
Yes |
Yes |
Yes |
News Trading |
Yes |
Yes |
Yes |
Weekend Holding |
Yes |
Yes |
Yes |
Payout |
NA |
NA |
2 Weeks |
Participation Fee |
|
$0 |
Refund |
Hare (2-Phase) Trading Rules
The profit target on the stage 1 account is reached when the account equity reaches 10% gain above the initial starting equity.
The profit target on the stage 2 account is reached when the account equity reaches 5% gain above the initial starting equity.
There is no profit target for stage 3 funded accounts.
You can add a customization to increase your daily drawdown to 6% and maximum drawdown to 12%.
We calculate the daily loss limit based on the previous day’s end of day equity. This is calculated at 5PM EST, so ensure you know what time of day this is in your location.
All of this is calculated for you automatically inside your traders dashboard in real time, so you don’t need to calculate any of it, but you do need to understand it.
Example 1:
The day’s starting balance was $100,000. You open a position and it goes into $6,000 profit and you close the trade before the end of the day. At the end of this day your account equity is $106,000 which is carried over to the second day.
The second day your daily drawdown limit is reset with the new High-Water Mark being $106,000. If your daily drawdown limit is 5% on the Hare account then the lowest your equity can reach is $106,000 – $5,300 = $100,700.
Example 2 (Violation):
The day’s starting balance was $100,000. You open a position and it goes into $6,000 profit but you did NOT close the trade before the end of the day. At the end of this day your account equity is $106,000 which is carried over to the second day.
On the second day the trade goes back to breakeven and is closed by your stop loss. Even though the individual trade did not lose from the balance, you have lost more than the allowable amount (5% on a Hare account) on a single day and this will be a hard violation and the account will be closed.
If you violate this rule, the account will be closed.
You can add a customization to increase your maximum drawdown to 12% and daily drawdown to 6%.
The Maximum Drawdown is static, which means it is calculated based on the initial balance and not the equity.
For example:
The Maximum drawdown of a 100K Hare account is 10% of the initial balance. This means that the Maximum drawdown level is always 100K minus (100K x 10%) = 90K.
The minimum to complete each phase of the Hare Challenge is 5 trading days. There must have been at least one trade opened on 5 different days to successfully pass each phase of the Challenge.
A trader may not reach the profit target with one large trade, then use significantly smaller lots to pass the minimum trading days. When the account is reviewed if there is a large difference in lot size used to pass minimum time rule the Challenge will be failed.
Trades must be fully executed trades, they can not just be opened and closed.
Pending orders do not count towards the total.
All challenge and funded accounts are traded on a demo account so we can manage our risk. Your funded account is connected to a real funded account, which you are paid from.
To ensure trades can be copied effectively to the real account we can not tolerate any form of manipulation on any account.
Manipulation includes but not limited to:
- Tick scalping – constantly opening and closing trades in less than 30 seconds. We realise sometimes trades are closed instantly for one reason or another, so if there are occasional trades that are opened and closed in less time we won’t close your account.
- Arbitrage.
- Hedging between accounts.
- Delayed or frozen data feeds.
- Unrealistic fills that don’t take into account slippage, where a huge lot size is used and closed within a small amount of pips.
- Allowing others to trade your account.
- Copying others trades.
- Lot size manipulation – Traders cannot use a much smaller trade to pass the minimum days after hitting the profit target or to fill the minimum trading days. As a guide, the deviation can not be greater than a factor of 5.
– Example 1: If your smallest lot size is 1 and your largest is 5 on similar assets, this is okay.
-Example 2: If your smallest lot size is 0.1 and your largest is 5 on similar assets, this is not okay.
-Example 3: If your trade 1 lot on EURUSD and hit your profit target and then trade 1 lot on LTCUSD to pass minimum days, this is not okay as LTC has a contract size of 1 while EURUSD has a contract size of 100,000. In this example, a 100 pip increase in LTCUSD would be equivalent to $10 but a 100 pip increase in EURUSD would be equivalent to $1,000.
– Example 4: If you have 5 trades of EURUSD opened at the same time, each with a lot size of 1, your net position size is 5 Lots. Thus, if your smallest lot size is 0.5 lots, this is not okay. - Taking advantage of the demo environment is also not permitted.
- Traders cannot trade digital currencies over the weekend to pass the minimum days.
Select Trading Capital
Objectives & Scaling
Start |
Level 1 |
Level 2 |
Level 3 |
Level 4 |
Level 5 |
Level 6 |
Level 7 |
Level 8 |
|
$2,500 |
$10,000 |
$20,000 |
$40,000 |
$80,000 |
$160,000 |
$320,000 |
$640,000 |
$1,280,000 |
|
Scaling Target |
10% |
10% |
10% |
10% |
10% |
10% |
10% |
10% |
10% |
Max Loss Static |
5% |
5% |
5% |
5% |
5% |
5% |
5% |
5% |
5% |
Min Time Days |
5 |
5 |
5 |
5 |
5 |
5 |
5 |
5 |
5 |
Max Days On Level |
Unlimited |
NA |
NA |
NA |
NA |
NA |
NA |
NA |
NA |
Your Profit Share |
50%* |
50% |
50% |
50% |
50% |
50% |
50% |
50% |
50% |
Leverage Up To |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
One Time Desk Fee |
$125 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
*capped at target |
|||||||||
Objectives & Scaling
Start |
Level 1 |
Level 2 |
Level 3 |
Level 4 |
Level 5 |
Level 6 |
Level 7 |
||
$5,000 |
$20,000 |
$40,000 |
$80,000 |
$160,000 |
$320,000 |
$640,000 |
$1,280,000 |
||
Scaling Target |
10% |
10% |
10% |
10% |
10% |
10% |
10% |
10% |
|
Max Loss Static |
5% |
5% |
5% |
5% |
5% |
5% |
5% |
5% |
|
Min Time Days |
5 |
5 |
5 |
5 |
5 |
5 |
5 |
5 |
|
Max Days On Level |
Unlimited |
NA |
NA |
NA |
NA |
NA |
NA |
NA |
|
Your Profit Share |
50%* |
50% |
50% |
50% |
50% |
50% |
50% |
50% |
|
Leverage Up To |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
|
One Time Desk Fee |
$250 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
*capped at target |
Objectives & Scaling
Start |
Level 1 |
Level 2 |
Level 3 |
Level 4 |
Level 5 |
Level 6 |
|||
$10,000 |
$40,000 |
$80,000 |
$160,000 |
$320,000 |
$640,000 |
$1,280,000 |
|||
Scaling Target |
10% |
10% |
10% |
10% |
10% |
10% |
10% |
||
Max Loss Static |
5% |
5% |
5% |
5% |
5% |
5% |
5% |
||
Min Time Days |
5 |
5 |
5 |
5 |
5 |
5 |
5 |
||
Max Days On Level |
Unlimited |
NA |
NA |
NA |
NA |
NA |
NA |
||
Your Profit Share |
50%* |
50% |
50% |
50% |
50% |
50% |
50% |
||
Leverage Up To |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
||
One Time Desk Fee |
$500 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
||
*capped at target |
Objectives & Scaling
Start |
Level 1 |
Level 2 |
Level 3 |
Level 4 |
Level 5 |
||||
$20,000 |
$80,000 |
$160,000 |
$320,000 |
$640,000 |
$1,280,000 |
||||
Scaling Target |
10% |
10% |
10% |
10% |
10% |
10% |
|||
Max Loss Static |
5% |
5% |
5% |
5% |
5% |
5% |
|||
Min Time Days |
5 |
5 |
5 |
5 |
5 |
5 |
|||
Max Days On Level |
Unlimited |
NA |
NA |
NA |
NA |
NA |
|||
Your Profit Share |
50%* |
50% |
50% |
50% |
50% |
50% |
|||
Leverage Up To |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
|||
One Time Desk Fee |
$1,000 |
$0 |
$0 |
$0 |
$0 |
$0 |
|||
*capped at target |
Objectives & Scaling
Start |
Level 1 |
Level 2 |
Level 3 |
Level 4 |
|||||
$40,000 |
$160,000 |
$320,000 |
$640,000 |
$1,280,000 |
|||||
Scaling Target |
10% |
10% |
10% |
10% |
10% |
||||
Max Loss Static |
5% |
5% |
5% |
5% |
5% |
||||
Min Time Days |
5 |
5 |
5 |
5 |
5 |
||||
Max Days On Level |
Unlimited |
NA |
NA |
NA |
NA |
||||
Your Profit Share |
50%* |
50% |
50% |
50% |
50% |
||||
Leverage Up To |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
||||
One Time Desk Fee |
$2,000 |
$0 |
$0 |
$0 |
$0 |
||||
*capped at target |
Objectives & Scaling
Start |
Level 1 |
Level 2 |
Level 3 |
Level 4 |
Level 5 |
Level 6 |
Level 7 |
Level 8 |
|
$2,500 |
$10,000 |
$20,000 |
$40,000 |
$80,000 |
$160,000 |
$320,000 |
$640,000 |
$1,280,000 |
|
Scaling Target |
20% |
20% |
20% |
20% |
20% |
20% |
20% |
20% |
20% |
Max Loss Static |
10% |
10% |
10% |
10% |
10% |
10% |
10% |
10% |
10% |
Min Time Days |
5 |
5 |
5 |
5 |
5 |
5 |
5 |
5 |
5 |
Max Days On Level |
Unlimited |
NA |
NA |
NA |
NA |
NA |
NA |
NA |
NA |
Your Profit Share |
50%* |
50% |
50% |
50% |
50% |
50% |
50% |
50% |
50% |
Leverage Up To |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
One Time Desk Fee |
|
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
*capped at target |
|||||||||
Objectives & Scaling
Start |
Level 1 |
Level 2 |
Level 3 |
Level 4 |
Level 5 |
Level 6 |
Level 7 |
|
$5,000 |
$20,000 |
$40,000 |
$80,000 |
$160,000 |
$320,000 |
$640,000 |
$1,280,000 |
|
Scaling Target |
20% |
20% |
20% |
20% |
20% |
20% |
20% |
20% |
Max Loss Static |
10% |
10% |
10% |
10% |
10% |
10% |
10% |
10% |
Min Time Days |
5 |
5 |
5 |
5 |
5 |
5 |
5 |
5 |
Max Days On Level |
Unlimited |
NA |
NA |
NA |
NA |
NA |
NA |
NA |
Your Profit Share |
50%* |
50% |
50% |
50% |
50% |
50% |
50% |
50% |
Leverage Up To |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
One Time Desk Fee |
|
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
*capped at target |
Objectives & Scaling
Start |
Level 1 |
Level 2 |
Level 3 |
Level 4 |
Level 5 |
Level 6 |
|
$10,000 |
$40,000 |
$80,000 |
$160,000 |
$320,000 |
$640,000 |
$1,280,000 |
|
Scaling Target |
20% |
20% |
20% |
20% |
20% |
20% |
20% |
Max Loss Static |
10% |
10% |
10% |
10% |
10% |
10% |
10% |
Min Time Days |
5 |
5 |
5 |
5 |
5 |
5 |
5 |
Max Days On Level |
Unlimited |
NA |
NA |
NA |
NA |
NA |
NA |
Your Profit Share |
50%* |
50% |
50% |
50% |
50% |
50% |
50% |
Leverage Up To |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
One Time Desk Fee |
|
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
*capped at target |
Objectives & Scaling
Start |
Level 1 |
Level 2 |
Level 3 |
Level 4 |
Level 5 |
|
$20,000 |
$80,000 |
$160,000 |
$320,000 |
$640,000 |
$1,280,000 |
|
Scaling Target |
20% |
20% |
20% |
20% |
20% |
20% |
Max Loss Static |
10% |
10% |
10% |
10% |
10% |
10% |
Min Time Days |
5 |
5 |
5 |
5 |
5 |
5 |
Max Days On Level |
Unlimited |
NA |
NA |
NA |
NA |
NA |
Your Profit Share |
50%* |
50% |
50% |
50% |
50% |
50% |
Leverage Up To |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
One Time Desk Fee |
|
$0 |
$0 |
$0 |
$0 |
$0 |
*capped at target |
Objectives & Scaling
Start |
Level 1 |
Level 2 |
Level 3 |
Level 4 |
|
$40,000 |
$160,000 |
$320,000 |
$640,000 |
$1,280,000 |
|
Scaling Target |
20% |
20% |
20% |
20% |
20% |
Max Loss Static |
10% |
10% |
10% |
10% |
10% |
Min Time Days |
5 |
5 |
5 |
5 |
5 |
Max Days On Level |
Unlimited |
NA |
NA |
NA |
NA |
Your Profit Share |
50%* |
50% |
50% |
50% |
50% |
Leverage Up To |
1:100 |
1:100 |
1:100 |
1:100 |
1:100 |
One Time Desk Fee |
|
$0 |
$0 |
$0 |
$0 |
*capped at target |
Instant Funding Trading Rules
Standard Account
The profit target to reach the next stage of the Instant Standard Account is 10%. Traders are free to make withdrawals from their account which will not affect their profit target to scale.
For example, if you make 6%, make a 6% withdrawal from your account and then make another 4% profit, you are still eligible to scale to the next level.
Aggressive Account
The profit target to reach the next level of the Instant Aggressive Account is 20%. Traders are free to make withdrawals from their account which will not affect their profit target to scale.
For example, if you make 12%, make a 12% withdrawal from your account and then make another 8% profit, you are still eligible to scale to the next level.
There is no Daily Drawdown limit for either the Instant Standard or Instant Aggressive Accounts.
The Maximum Drawdown for the Instant accounts are static. This means that no matter the profit you are in, your Maximum Drawdown limit is always calculated from the initial account balance after scaling.
For example, if you have a $80,000 account.
For the Instant Standard Account:
$80,000 – 5% = $76,000 is the lowest equity your account can reach before violating this rule.
For the Instant Aggressive Account:
$80,000 – 10% = $72,000 is the lowest equity your account can reach before violating this rule.
If you violate this rule, the account will be closed.
The minimum time to scale to the next level of both the Instant Funding Accounts is 5 trading days. There must have been at least one trade opened on 5 different days to qualify to scale your account.
A trader may not reach the profit target with one large trade, then use significantly smaller lots to pass the minimum trading days. When the account is reviewed if there is a large difference in lot size used to pass minimum time rule the Challenge will be failed.
Trades must be fully executed trades, they can not just be opened and closed.
Pending orders do not count towards the total.
All accounts are traded on a demo account so we can manage our risk. Your funded account is connected to a real funded account from which you are paid.
To ensure trades can be copied effectively to the real account we can not tolerate any form of manipulation on any account.
Manipulation includes but not limited to:
- Tick scalping – constantly opening and closing trades in less than 30 seconds. We realise sometimes trades are closed instantly for one reason or another, so if there are occasional trades that are opened and closed in less time we won’t close your account.
- Arbitrage.
- Hedging between accounts.
- Delayed or frozen data feeds.
- Unrealistic fills that don’t take into account slippage, where a huge lot size is used and closed within a small amount of pips.
- Allowing others to trade your account.
- Copying others trades.
- Lot size manipulation – Traders cannot use a much smaller trade to pass the minimum days after hitting the profit target or to fill the minimum trading days. As a guide, the deviation can not be greater than a factor of 5.
– Example 1: If your smallest lot size is 1 and your largest is 5 on similar assets, this is okay.
– Example 2: If your smallest lot size is 0.1 and your largest is 5 on similar assets, this is not okay.
– Example 3: If your trade 1 lot on EURUSD and hit your profit target and then trade 1 lot on LTCUSD to pass minimum days, this is not okay as LTC has a contract size of 1 while EURUSD has a contract size of 100,000. In this example, a 100 pip increase in LTCUSD would be equivalent to $10 but a 100 pip increase in EURUSD would be equivalent to $1,000.
– Example 4: If you have 5 trades of EURUSD opened at the same time, each with a lot size of 1, your net position size is 5 Lots. Thus, if your smallest lot size is 0.5 lots, this is not okay. - Taking advantage of the Demo environment.
- Traders cannot trade digital currencies over the weekend to pass the minimum days.
Traders may place an average of up to 10 trades per day.
A Trading day starts from 00:00 GMT +2 (+3 depending on daylight savings) and ends at 23:59 GMT +2 (+3). This is the time that is displayed in your Platform 4 / Platform 5.
The stop loss needs to be placed before the order is placed, whether that is a market or limit order, or else the system will close the order automatically.
This will be done at market price at the time and you will receive an email from us notifying you of the fact the trade has been closed.
Not having a stop loss is a soft rule and will not result in you automatically losing the account.
If a position is open that’s greater than 2% risk per trade, it will automatically be closed.
FTMO Alternative and Comparison is what we’re going to cover in this video. Let’s get into it. In this video we’re comparing Traders with Edge as an alternative compared to FTMO. At the top here, you can see we have a direct comparison, all $100K accounts, and we’re comparing the Traders with Edge Turtle, the Traders with Edge Hare account, the FTMO Normal Challenge and the FTMO Aggressive Account.
The first thing that we look at is the max account size after scaling. After you’ve been trading the account for a while and you’ve scaled the account up, what is the maximum account you can trade with each firm and each challenge type? With Traders with Edge, you’ve got a $3 million limit on both account types. With FTMO you’ve got a $2 million on the Normal and a 1 million cap on the Aggressive. With both the Turtle and the Hare accounts on Traders with Edge you have rapid scaling plans available, on FTMO you don’t, you’ve just got the traditional scaling plan available. If you’d like to learn more about the rapid scaling plan, then check out the link on our website, which explains more in detail about the rapid scaling and how it works. You can see examples and charts of what it looks like.
Third, you’ll see the number of phases. The Turtle is a one phase or a one step challenge. The Traders with Edge Hare is a two step, same with the FTMO Normal and the FTMO Aggressive. You can see the price in USD. Now, I will say that the FTMO accounts are sold in euros not USD, and so at the time of recording this video we did the exchange rate and that’s the approximate cost of the FTMO account in US dollars. It’s not the exact price that they offer.
If you scroll down, you’ll see if the fee is refundable or not. On the Traders with Edge Turtle account, it’s not refundable, but on the Hare account, it is refundable for people that pass the challenge. Once you pass the challenge and you receive your first payout, you will receive a refund, same as on both FTMO accounts. You’ll see the target for the Traders with Edge Turtle and the Traders with Edge Hare and the FTMO Normal is all 10%. The target for the FTMO Aggressive is 20%. If we keep scrolling down a bit, you’ll see the target for phase Two on the Turtle, there is no target because it’s a one step challenge. Once you pass that challenge, you go instantly into a funded account. With both the Traders with Edge Hare and the FTMO Normal, the target is 5%. And with the FTMO Aggressive, it’s 10% target for the phase Two.
The maximum drawdown on the Turtle account is 5% for phase one and 5% when you’re on your funded account. The Traders with Edge Hare and the FTMO Normal are both 10%, while the FTMO Aggressive is 20%. The daily drawdown limit on the Turtle is 2.5%, whereas the Traders with Edge Hare and the FTMO Normal are both 5% and 10% for the Aggressive. You see the profit share across all accounts is 80%. And if we continue to scroll down, you’ll see the minimum trading days for phase one for all of them is 10 days. The minimum trading days for phase two, the Turtle, obviously there is no minimum trading days because you’re on a live account then, and the minimum trading days doesn’t apply to you. All three other accounts, the minimum trading days is 10 days for the phase two.
The maximum trading days for phase one on the Turtle is 365 days so you get one full year to pass the Turtle trading challenge. And all other three accounts are all 30 days. Maximum trading days for phase two, once again, there is no phase two for a Turtle so it doesn’t apply, and it’s 60 days for all the other three accounts.
Can you hold trades over the weekends? On a Turtle account, yes you can. On the Hare account and both FTMO accounts, you can’t hold trades over the weekend. Can you use EAs on Traders with Edge, both accounts? You can use EAs, but with approval because we don’t want you using the same EAs as someone else. And then you apply and then you’re going to lose your account because of the rule where we don’t want multiple people using exactly the same strategy. It’s best to check with us to start with if you’re going to use an EA. FTMO you can, same thing, they don’t tell you that upfront, but you can use EAs. If you’re using exactly the same strategy as someone else, then they will cancel your account.
All accounts allow signals? Yes. All accounts allow to trade news? Yes. You don’t get a free retry on the Turtle account with Traders with Edge, it’s because it’s a one step account and it’s for one year, so you’ve got one year to pass. If you can’t pass within one year, then you probably shouldn’t be trying to pass a challenge account, to be honest and so there is no free retry for the Turtle account. With the Hare account and the FTMO accounts, yes there is one free retry. It’s the same rule across the board where you do get one free retry on either your phase one or your phase two. If you are in profit, but you didn’t hit the profit target and you didn’t violate any other rules, then you will get a free retry.
Can you Trade FX? Yes to all digital currencies, yes to all, trade commodities, yes to all, trade indices, yes to all and share and stock CFDs, yes to all. Do they have trading competitions? Traders with Edge does have trading competitions. For example, we are running a competition at the moment where we’re giving away three $50,000 Prop Challenge accounts. All you have to do was enter your name and email account to enter into that competition. By the time you see this video, maybe the competition’s still running, maybe it’s finished. What we also do have coming up is trading competitions. Every month you’ll be able to enter a trading competition and trade against each other, and the winners will win prizes. Typically, the prizes will be either cash and/or winning Challenge accounts. At the moment. I don’t believe FTMO has either live trading competitions or giveaways.
Trading education? Yes, FTMO and Traders with Edge both have trader education. With the Affiliate Program, the FTMO Affiliate Program pays 8% on the first purchase when someone purchases through your Affiliate link. And they don’t pay you commission if someone purchases again multiple times. The Traders with Edge Affiliate Program pays up to 20% commission for the lifetime of a client. If someone comes in and they purchase, and then they purchase again in a month’s time or two months time, you still get paid commission on that as well. There are the facts of the FTMO alternative and comparison. If you’ve got any questions post in the video below, or contact us through the website at traderswithedge.com.
FTMO, which was initially called Ziskejucet.cz, was conceived in 2014 in a small Prague office where some young day traders gathered to share trading insights and eventually joined their forces. Each of them contributed to the development and the making of FTMO. They shared different ideas about trading, strategies, money and risk management. All of these ideas were put together and were bound by the common idea that professionalism can only be achieved through strong discipline in observing one’s own rules.
The company believes that by maintaining rigorous self-discipline, one reaches a point where team spirit and unobtrusive supervision of other traders form the backbone of conscientious and successful trading.They continue to seek and develop up and coming traders and help them achieve their trading goals. FTMO has the passion and desire to not give up their personal approach, support and dedication to their craft.
FTMO is developing their project into an international investment company. It would be a unique composition of retail traders trading in various ways.
FTMO’s main office is located in the heart of Europe, the historical centre of Prague. Their HQ is easily accessible.
How Does FTMO Work?
FTMO works by giving aspiring traders an opportunity to trade with a significant amount of capital without putting their own money at risk. Traders must first complete a challenge that requires them to trade a simulated account while adhering to strict rules and objectives. When they meet the challenge criteria, FTMO provides them with a funded trading account.
The firm takes a cut of the profits, but traders keep the majority of their earnings. Traders who meet specific performance benchmarks may also receive additional capital to trade with, giving them the opportunity to earn higher profits. This approach allows traders to hone their skills and build trading strategies in real-world market conditions without incurring financial risk.
When does FTMO payout?
Traders at FTMO get paid every other week from the profits. The company keeps a cut of the profits, but the traders get to keep most of it. In a timely and dependable manner, traders receive their payouts at the end of each cycle into the account of their choosing.
With a reliable income stream guaranteed every fortnight, traders can devote their full attention to trading methods rather than worrying about when they will get paid.
Where does FTMO get their Money?
FTMO gets its money from many different places. The main way the company makes money is from the profits its traders make. FTMO takes a cut of the profits each trader makes, usually between 10 and 20%. This gives the company an incentive to find and support skilled traders who can consistently make money. Also, FTMO charges fees for its trading challenges and evaluation periods, which are how traders get into the programme.
The company also makes money from its mentoring and coaching services, which give traders who want to improve their skills more help and advice. Overall, FTMO’s many ways to make money allow it to fund traders and give them the tools they need to do well in the trading business.
Is FTMO Legit?
Yes, FTMO Trading is a legitimate and reputable company that provides traders with a one-of-a-kind funding programme. The company has a proven track record of success, with many traders earning substantial profits through its programme.
FTMO is also extremely transparent, with detailed information about its services, fees, and performance metrics available on its website. Furthermore, traders who have participated in the firm’s programme have given it positive feedback, with many praising its rigors evaluation process and helpful support team. Overall, FTMO’s reputation and track record show that it is a legitimate and trustworthy option for traders looking to develop their skills and gain access to capital in the trading industry.