FTMO
Best overall: the longest track record and clear, published rules
WizardTrader score
91
/100
Challenges are paid evaluations. Most traders don't pass, and funded accounts are usually simulated.
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Before you buy a challenge
Rules and pricing
Challenge types
2-Step, 1-Step, Instant, Futures
Price from
€89 / $99 (10k, 2-Step)
Profit target
10% then 5% (2-Step)
Daily loss limit
5% of initial balance
Max drawdown
10% static (2-Step)
Min trading days
4 per phase
Profit split
80% default, up to 90%
Payout frequency
Every 14 days
Max funding
Up to $2M via scaling
Platforms
MT4, MT5, cTrader
Trading rules
News trading allowed with a 2-minute restriction on Standard accounts; EAs allowed; weekend holding only on Swing accounts
Trustpilot
4.8 (55,571 reviews, Nov 2026)
Founded and headquarters
2015, Prague, Czech Republic
Pros
- Operating since 2015; acquired broker OANDA in Dec 2025
- Static 10% drawdown on the 2-Step
- Challenge fee refunded with first reward
- US traders accepted via the FTMO-OANDA structure
Cons
- New consistency rule on orders from 12 Oct 2026
- Some reviews cite account locks after technical errors
Our review
FTMO is the benchmark prop firm: a long operating history, transparent objectives, a static drawdown on its 2-Step challenge and a refundable fee. Its 2025 acquisition of OANDA gives it an unusual regulated-broker connection for a prop firm.
Score breakdown: Track record and transparency 28/30, Rule fairness 22/25, Cost 12/15, Payout record and reviews 19/20, Platforms 10/10.