How much does FTMO challenge cost?

**How much does FTMO challenge cost?**

The FTMO challenge is a program designed to help traders prove their skills and earn funding to trade live accounts. It provides a unique opportunity for talented traders to showcase their abilities and potentially secure a funded account. But how much does the FTMO challenge actually cost? Let’s dive in and find out.

**The Cost of the FTMO Challenge**
To participate in the FTMO challenge, traders are required to pay a one-time fee. As of the time of writing, the cost of the FTMO challenge is $225. This fee covers the evaluation of a trader’s trading strategy and provides access to a demo account with virtual capital of $100,000.

Are there any additional fees or charges?

No, there are no additional charges or hidden fees associated with participating in the FTMO challenge. Traders only need to pay the initial $225 fee, and there are no further costs to worry about.

What happens after passing the challenge?

Once a trader successfully passes the FTMO challenge, they move on to the verification stage. During this stage, traders are required to trade a live account with professional risk management. If the trader meets the required performance targets, they can secure a funded account with FTMO.

Is the payment refundable if the challenge is not passed?

No, the payment for the FTMO challenge is non-refundable. Even if a trader is unsuccessful in passing the evaluation phase, the fee cannot be refunded. However, traders are allowed to attempt the challenge again after a waiting period of 30 days.

Can I withdraw any profits made during the challenge?

Unfortunately, no. Profit withdrawals are not allowed during the FTMO challenge. Once a trader successfully completes the challenge and moves on to the verification stage, they can withdraw profits earned from the live trading account as per the agreed terms.

Can I trade any instruments during the challenge?

Yes, traders participating in the FTMO challenge are allowed to trade various instruments, including Forex, commodities, indices, and cryptocurrencies. This allows traders to showcase their skills in their preferred market and capitalize on their trading expertise.

Is there a time limit to complete the challenge?

Yes, there is a time limit to complete the FTMO challenge. Traders have a maximum of 30 days to meet the profit target set for the specific account size they are aiming for. Exceeding this time frame would result in the evaluation being unsuccessful.

How long does it take for the evaluation to be processed?

The evaluation for the FTMO challenge is typically processed within 1 business day. Once a trader submits their trading results, the FTMO team reviews the performance and provides feedback promptly. This ensures that traders have a quick turnaround time for their evaluation results.

Can I use my own trading strategy during the challenge?

Yes, traders are allowed to use their own trading strategies and techniques during the FTMO challenge. Traders have the freedom to implement their preferred methods and prove their profitability using their unique approach to the markets.

What trading platform can I use for the challenge?

Traders can choose to trade the FTMO challenge using either MetaTrader 4 (MT4) or MetaTrader 5 (MT5). Both of these popular trading platforms are compatible with FTMO and provide a range of tools and features to aid traders in their trading journey.

Is the FTMO challenge suitable for beginners?

The FTMO challenge is designed for traders of all skill levels, including beginners. The program provides an opportunity for individuals to demonstrate their trading skills and gain access to funded accounts, regardless of their experience in the financial markets.

Is there a limit to the number of times I can attempt the challenge?

Traders are allowed to attempt the FTMO challenge as many times as necessary. If a trader is unable to pass the evaluation phase, they can take the challenge again after a waiting period of 30 days, giving them ample opportunity to refine their strategies and improve their performance.

**In Conclusion**
The FTMO challenge offers a unique path for traders to prove their skills and gain access to funded accounts. The cost of the FTMO challenge is $225, which includes the evaluation fee and access to a demo account. Traders should carefully consider the benefits of the program and weigh them against the cost when deciding to participate.

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