FTMO: Evaluating Trading Process with Structured Challenges

 

Key Features of FTMO

• Evaluation procedure: The FTMO Challenge and Verification is a two-step evaluation procedure that FTMO uses to put a trader’s abilities and discipline to the test. The Verification phase reduces the profit target to 5% of the account amount, whilst the Challenge requires achieving a 10% profit target.  Although there is no deadline, each one must be finished within at least four trading days.
• Allocating Capital: Depending on performance, successful traders may be able to expand their accounts up to $200,000. If traders fulfill certain performance requirements, FTMO also provides a scaling plan that enables them to grow their account size by 25% every four months.
• Profit Split: Successful traders are richly rewarded by FTMO, which offers a profit split of up to 90%.
• Trading Platforms: FTMO provides traders with a range of settings and tools that support popular platforms such as DXtrade, MetaTrader 4, and MetaTrader 5.
• Instructional Resources: FTMO provides traders with a range of instructional resources, including account analysis and mentorship programs. These resources help traders improve their productivity.

Comparison with FuturesElite

While both FTMO and FuturesElite are respected prop firms, they appeal to traders with different priorities:

FTMO: Emphasizes a structured evaluation process, substantial capital allocation, and comprehensive educational resources. It offers a clear pathway for traders to prove their skills and gain access to significant capital.

FuturesElite: Excels with its innovative instant payout system and customizable trading challenges. FuturesElite prioritizes quick access to earnings and a supportive community environment.

Key Distinctions :

• Evaluation Procedure: While FuturesElite provides challenges that can be customized to fit various trading methods, FTMO employs a two-step evaluation procedure.
• Payout Structure: FuturesElite prioritizes speedy payouts, enabling traders to get their profits fast, while FTMO concentrates on a profit split scheme.
• Community Focus: FuturesElite prioritizes community involvement, which could be appealing to traders looking for a cooperative setting.

FuturesElite offers a range of account sizes with competitive pricing:​

• Starter Accounts:
  • $50,000 Account: Priced at $70​
  • $100,000 Account: Priced at $130​
  • $150,000 Account: Priced at $200​
• Pro Accounts:
  • $50,000 Account: Priced at $145​
  • $100,000 Account: Priced at $230​
  • $150,000 Account: Priced at $340​

Additionally, FuturesElite offers Instant Funding options:​

• $50,000 Account: Priced at $529​
• $100,000 Account: Priced at $759​
• $150,000 Account: Priced at $949​

FuturesElite provides profit splits of up to 100% after eight payouts, allowing traders to retain the entirety of their profits under certain conditions.

Comparison with FTMO

FTMO’s pricing structure is as follows:​

• $10,000 Account: Approximately €155 (around $170)
• $25,000 Account: Approximately €250 (around $275)​
• $50,000 Account: Approximately €345 (around $380)​
• $100,000 Account: Approximately €540 (around $600)​
• $200,000 Account: Approximately €1,080 (around $1,200)​

FTMO offers a profit split starting at 80% for traders, with the potential to increase to 90% based on performance.

Join us today and elevate your trading journey! Connect with our dedicated support team at Futures Elite through our 24/7 Discord channel

By registering on our website, you can purchase your challenge account, monitor your trading progress, participate in exciting monthly trading competitions, and engage with our dynamic online community. Don’t miss out on the chance to win giveaways by taking part in various activities at Futures Elite.

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