forexIndustry benchmark — 2-Step (refundable) or 1-Step (cheaper, stricter daily loss)

FTMO

FTMO is the most recognized forex prop firm globally. The standard 2-Step evaluation (Challenge + Verification, 4 min trading days each, unlimited time, 100% refundable fee) remains the flagship. A newer 1-Step route gets you to the FTMO Rewards Account in a single phase with a cheaper, non-refundable fee — but a tighter 3% max daily loss and a 50% Best Day Rule.

ftmo.comRules verified Jul 12, 2026
Max Drawdown

2-Step: 5% daily / 10% static · 1-Step: 3% daily / 10% EOD trailing (locks reset after each payout)

Profit Target

2-Step: 10% (P1), 5% (P2) · 1-Step: 10%

Payout

Up to 90%

Min Days

2-Step: 4 days per phase · 1-Step: none

Drawdown Type

EOD

Category

Forex

News trading allowed
Weekend holding
Consistency rule
None on 2-Step; Best Day Rule (50%) on 1-Step

What traders love

  • Most recognized prop firm globally — widely trusted
  • 100% refundable challenge fee on the 2-Step route
  • Unlimited trading period on all evaluations
  • Only 4 minimum trading days per phase (2-Step); none on 1-Step
  • Rewards up to 90% of simulated profit
  • Strong community, mentorship, and analytics tools (Academy, MetriX, Equity Simulator)

Watch out for

  • Two-phase evaluation on the standard route — more time to get funded
  • 1-Step fee is non-refundable and carries a tighter 3% daily loss limit
  • Best Day Rule (50%) on 1-Step adds a consistency constraint
  • Funded accounts restrict trading around high-impact news (2-min buffer)
  • No weekend holding on Standard accounts

Who is this firm best for?

Methodical forex traders who prefer the credibility and infrastructure of the most established name in the industry. The 2-Step process suits patient, systematic traders; confident traders can pay less upfront with the 1-Step if they can live with a 3% daily loss cap.

Evaluation plans

PlanAccount SizeChallenge Fee
2-Step Challenge$10k$99
2-Step Challenge$25k$289
2-Step Challenge$50k$399
2-Step Challenge$100k$499 (list $619)
2-Step Challenge$200k$1,249
1-Step$10k$89
1-Step$25k$229
1-Step$50k$359
1-Step$100k$579
1-Step$200k$1,149

Fees may vary by promotion. Always verify current pricing on FTMO's official website.

FundedOps monitors your FTMO account automatically

Connect your account once. FundedOps loads FTMO's exact rules, tracks your drawdown and profit target, and emails you when an import shows you're near a limit.

Start free — no credit card