FTMO account prices run from €79 for the $10K 1-Step to €1,080 for the $200K 2-Step, and the 2-Step fee is refunded with your first reward. Here is every size, both paths, and what each fee actually buys.
This page breaks down every fee, every refund, the multi-attempt math, and the capital-per-euro ratio so you can see what FTMO actually costs at every account size before you buy.
One structural point before the numbers: FTMO is not the cheapest prop firm on the market. It is the most trusted. The fee premium buys you $650M+ in verified payouts, a 4.8/5 Trustpilot rating, and a regulated broker (OANDA) now inside the group. Whether that premium is worth it depends on how much you weight trust versus cost. This page gives you the cost data. The trust case is in the full FTMO review.
The floor keeps moving, too. A newer perps-first entrant called Vest Markets sells instant funded accounts from $10 and evaluations from $15, though there the fee buys a loss budget rather than FTMO's refund-and-reputation package. I put the full Vest Markets pricing breakdown next to the FTMO numbers if you want that comparison in dollars, and the firm behind those numbers is covered end to end in our Vest Markets review.
Key Takeaways
- FTMO fees range from €79 ($10K 1-Step) to €1,080 ($200K 2-Step). The 2-Step fee is 100% refunded with your first reward; FTMO’s refund FAQ (25 October 2026) lists the 1-Step and Instant fees as not refundable.
- The 1-Step is cheaper at every tier at list price. At $100K it is €499 against €540 on the 2-Step, a €41 premium for the wider rules. The 2-Step Standard and Swing are priced identically.
- If you pass on the first attempt, the net cost is zero. If you fail twice and pass on the third, the net cost is 2x the entry fee. Plan for at least two attempts.
- The $200K account is the best value per dollar of capital (€5.00-€5.40 per $1K), but carries the highest absolute dollar risk ($6,000 daily loss on the 1-Step).
- FTMO’s headline fee is higher than the cheapest firms and in line with established ones. The 2-Step refund on first payout is the differentiator: a 2-Step trader who passes and withdraws once pays nothing net, though FTMO’s refund FAQ lists the 1-Step fee as not refundable.
On This Page
- Every FTMO Product Family in One Table
- Which Fee Model Fits You?
- FTMO 1-Step Pricing
- FTMO 2-Step Pricing
- Why Is FTMO So Expensive?
- The Fee Refund: How It Works
- What You Actually Pay to Get Funded: Total-Cost Table
- Capital Per Euro: Which Size Is Best Value
- FTMO vs Cheaper Firms: Is the Premium Worth It?
- FTMO Futures Plans and Reset Fees
- Discounts and Promo Codes
- FAQs
The 2-Step fee is 100% refunded with your first reward, so the headline number looks bigger than the effective cost for a trader who passes. FTMO’s refund FAQ (checked 25 October 2026) lists the 1-Step and Instant fees as not refundable, so the same does not apply across the range. Keep that in mind as you read the tables below.
Every FTMO Product Family in One Table
FTMO now sells three CFD evaluation families, one instant product and two futures plans. They differ in more than price: the fee, whether it recurs, whether it comes back, and how often the account pays all change by family. Every figure is from ftmo.com, checked 25 October 2026.
| Plan family | Account sizes | Fee (EUR) | USD equivalent* | Fee recurs? | Refund | Payout cadence and split |
|---|---|---|---|---|---|---|
| 1-Step Challenge (CFD) | $10,000 to $200,000 | €79 to €999 (€499 at $100K) | $89 to $1,122 ($561 at $100K) | No | Not refundable, per FTMO's refund FAQ (25 October 2026) | Every 14 days, 90% |
| 2-Step Challenge (CFD) | $10,000 to $200,000 | €89 to €1,080 (€540 at $100K) | $100 to $1,213 ($607 at $100K) | No | 100% refunded with your first reward | Every 14 days, 80% rising to 90% |
| Swing | An account type inside the 2-Step only; not sold separately | Same as the 2-Step | Same as the 2-Step | No | As the 2-Step | As the 2-Step |
| Instant Account | $5,000 to $100,000 | $169 to $2,999 | As listed (already USD) | No | Not refundable, per FTMO's refund FAQ (25 October 2026) | Cadence not stated on the Instant page; 90% reward, 10% max loss, 30% consistency |
| Futures Growth | $50,000 / $100,000 / $150,000 | $119 / $169 / $229 per month | As listed (already USD) | Yes, monthly until the Sim-Funded Account | No refund stated | Every 4 days, 90% |
| Futures Pro | $50,000 / $100,000 / $150,000 | $139 / $199 / $269 per month | As listed (already USD) | Yes, monthly until the Sim-Funded Account | No refund stated | Every 5 days, 90% |
Every figure is from ftmo.com, checked 25 October 2026. The USD column converts the euro list prices at the ECB reference rate for 21 October 2026 (EUR/USD 1.1234, the same rate used across this site); your card issuer may add conversion fees. We do not publish a GBP column because no dated EUR/GBP rate is on hand — a sterling figure would be stale the day the rate moved, so convert at your bank's rate instead of trusting a cached number.
Three things the table hides. Swing is not a separate product: FTMO's FAQ confirms it is an account type available only inside the 2-Step, priced identically, that lifts news-trading and overnight-hold restrictions at the cost of lower leverage. And the Instant Account activates the moment you buy, with no evaluation to pass, which is why its fee is several times the 2-Step price at the same size.
The Futures plans are the odd ones out. They are the only families that recur, so comparing them against the one-time CFD fees is a different calculation entirely: a monthly subscription until you pass, then reset fees if you breach, against a single payment per attempt.
One warning on the refund column. FTMO's own pages currently disagree: the refund FAQ states the 1-Step and Instant fees are not refundable, while the 1-Step pricing page still displays a 100% refund card. The FAQ is the explicit, product-by-product statement, so this page follows it. Check the checkout wording before you rely on either.
Which Fee Model Fits You? 1-Step vs 2-Step by Trader Profile
FTMO lists its accounts by size, not by trader, so the fee model choice is on you. Pick the wrong one and you either pay a premium you do not use, or skip the refund and regret it. Here is the match by profile, built from the fees and rules already on this page.
| If you are… | Fit | Why this fee model |
|---|---|---|
| A confident single-attempt trader | 1-Step | Cheaper at every tier — €499 vs €540 at $100K — with a 90% split from day one and a single 10% target to hit. |
| A trader who wants the fee back as insurance | 2-Step | The fee is 100% refunded with your first reward, so a pass costs €0 net. You also get the wider 5% daily loss and a static drawdown. |
| A news or weekend trader | 2-Step Swing | Identical price to the 2-Step, with news trading and overnight holds switched on. The trade-off is lower leverage. |
| Not sure your strategy fits yet | Neither — trial first | The 14-day free trial runs the same rules for nothing. Breach on the trial and you just saved the entry fee. |
One honesty note before you default to the cheaper option. The 1-Step fee is not refundable under FTMO’s current refund FAQ (25 October 2026), whatever the refund card on FTMO’s own 1-Step pricing page still says. That means the 1-Step is only the cheaper choice if you actually pass: fail it and the full fee is gone, while a failed 2-Step attempt costs the same but a passed one pays the fee back. If your edge is proven, take the 1-Step and its 90% split. If it is not, the 2-Step refund is the cheaper mistake.
The FTMO Instant Account: Trade From Day One
The Instant Account is FTMO’s no-evaluation product: you pay once, the account activates on purchase, and there is no profit target to pass before you can claim rewards. It suits traders who want to start immediately rather than spend days on a challenge — and it is the only CFD family that starts below $10K in size, at $5,000.
The trade-offs are the fee and the refund. The fee is several times the 2-Step price at the same account size, and per FTMO’s refund FAQ (checked 25 October 2026) it is not refundable. The rule set is its own, too: a 10% max loss, a 3% max daily loss and a 30% consistency rule all apply from the first trade.
Instant Account at a glance (ftmo.com, checked 28 October 2026): $5,000–$100,000 sizes; one-time fees of $169 ($5K), $339 ($10K), $749 ($25K), $1,499 ($50K) and $2,999 ($100K); 90% reward split; 10% max loss, 3% max daily loss; 30% consistency; unlimited trading period; leverage up to 1:100; fee not refundable (FTMO refund FAQ, 25 October 2026).
FTMO 1-Step Pricing
The 1-Step Challenge is a single-phase evaluation with a 10% profit target, a 3% daily loss limit, a 10% trailing max drawdown, and a 90% profit split from day one.
| Account Size | Challenge Fee | Daily Loss Limit (3%) | Max Drawdown (10% trailing) | Profit Target (10%) | Profit Split |
|---|---|---|---|---|---|
| $10,000 | €79 | $300 | $1,000 | $1,000 | 90% |
| $25,000 | €199 | $750 | $2,500 | $2,500 | 90% |
| $50,000 | €319 | $1,500 | $5,000 | $5,000 | 90% |
| $100,000 | €499 | $3,000 | $10,000 | $10,000 | 90% |
| $200,000 | €999 | $6,000 | $20,000 | $20,000 | 90% |
The 1-Step is the cheaper option at every tier. At $100K it costs €499 against €540 on the 2-Step, so the 2-Step's wider rules come at a €41 premium rather than a discount. If cost is the tiebreaker at $100K, the 1-Step wins.
The 1-Step also carries the 50% consistency rule: your best day cannot exceed 50% of total profit for orders from 12 October 2026. This is not a fee issue, but it is a cost issue: the rule can delay the pass by days or weeks while you build up enough balanced profit to bring the ratio under 50%. More trading days means more risk exposure, which means a higher probability of a daily loss breach. For the full rule breakdown, read the FTMO Challenge guide.
FTMO 2-Step Pricing
The 2-Step Challenge is a two-phase evaluation with a 10% then 5% profit target, a 5% daily loss limit, a 10% static max drawdown, and an 80% base profit split scaling to 90%.
| Account Size | Challenge Fee | Daily Loss Limit (5%) | Max Drawdown (10% static) | Phase 1 Target (10%) | Phase 2 Target (5%) | Profit Split |
|---|---|---|---|---|---|---|
| $10,000 | €89 | $500 | $1,000 | $1,000 | $500 | 80% |
| $25,000 | €250 | $1,250 | $2,500 | $2,500 | $1,250 | 80% |
| $50,000 | €345 | $2,500 | $5,000 | $5,000 | $2,500 | 80% |
| $100,000 | €540 | $5,000 | $10,000 | $10,000 | $5,000 | 80% |
| $200,000 | €1,080 | $10,000 | $20,000 | $20,000 | $10,000 | 80% |
List prices are shown above. FTMO also runs a conditional promo on the $100K account, checked 23 October 2026: €399 on the 1-Step and €439 on the 2-Step, available only if you do not already have an active FTMO account. Promos can end without notice, which is why every table on this page uses list prices.
The 2-Step Standard and 2-Step Swing are priced identically. The Swing variant adds news trading and weekend holds at no extra fee. If you are choosing the 2-Step, the Swing variant is the better product at the same price unless your broker does not support it.
Two price points worth flagging:
- $100K is not cheaper on the 2-Step. The 2-Step costs €540 against €499 on the 1-Step, a €41 premium. The case for the 2-Step at this size is the wider rules, not the fee. If cost is the tiebreaker, the 1-Step wins.
- $200K 2-Step has the highest absolute fee. At €1,080, it is the most expensive single challenge FTMO offers. The 1-Step $200K is €999, which is €81 less for tighter rules. The fee difference is small relative to the capital, but the rule difference (3% vs 5% daily loss, trailing vs static drawdown) is significant.
Why Is FTMO So Expensive?
FTMO is more expensive than the cheapest prop firms. Its headline fee is in line with other established firms, and it buys a structure low-cost evaluations do not match.
The fee is simple. The 1-Step runs from €79 at $10K to €999 at $200K. The 2-Step runs from €89 to €1,080. The 2-Step fee is refunded in full with your first reward; per FTMO’s refund FAQ (checked 25 October 2026) the 1-Step fee is not. That refund is the 2-Step’s differentiator.
The rest of the premium is the payout record and the account range. FTMO has paid $650M+ in rewards since 2015 (FTMO, checked 23 October 2026), and holds a 4.8/5 Trustpilot rating across more than 40,000 reviews (Trustpilot, checked 9 October 2026). You can inspect the evidence in our FTMO payout proof. Both paths offer five sizes from $10K to $200K. The 1-Step pays 90% from day one; the 2-Step starts at 80% and rises to 90% through the Scaling Plan and Premium Programme. The Scaling Plan also raises the account size.
If the headline fee is the obstacle, the FTMO challenge discount page covers the current conditional promo. The honest summary: FTMO is priced for traders who expect to pass. If you expect to fail repeatedly, a cheaper evaluation can cost less.
The Fee Refund: How It Works — Including FTMO’s Own Contradiction
FTMO refunds 100% of the 2-Step challenge fee with your first reward. No pro-rating. No minimums. The entire fee comes back. FTMO’s refund FAQ (checked 25 October 2026) states the 1-Step and Instant Account fees are not refundable. Note that FTMO’s 1-Step pricing page still displays a 100% refund card, so the two pages disagree; check the checkout wording before you rely on a refund.
On a $100K 2-Step challenge, the refund returns the fee you paid: €540 at list, or €439 on the current conditional promo. FTMO adds it to your first payout at the EUR/USD rate it applies, so the dollar amount moves with the rate.
On a $10K 2-Step challenge (€89), the refund adds approximately $95 to your first reward. If you earn $500 in your first payout period, you receive approximately $595. On a $10K 1-Step (€79), no refund applies under the current FAQ wording, so your first $500 stays $500.
The refund is the reason FTMO’s higher entry fees are defensible. A firm that charges less but does not refund the fee still keeps that fee from every passed trader. FTMO’s net cost per passed trader who withdraws once is €0.
The refund triggers automatically with your first payout. You do not need to request it separately. FTMO adds the fee amount to your first payout withdrawal.
The refund only applies to the most recent challenge fee. If you failed a previous challenge and bought a new one, only the fee from the successful challenge is refunded. The failed challenge fees are not recoverable.
There is no time limit on the refund. If it takes you 3 months to reach your first payout, the refund still applies. The trigger is the first payout, not a deadline.
What You Actually Pay to Get Funded: Total-Cost Table
The fee is €79-€1,080 per attempt. The refund returns one fee. The math is straightforward but the impact is not.
| Account Size | 1-Step Fee | Cost at 1 Attempt (pass) | Cost at 2 Attempts (1 fail, 1 pass) | Cost at 3 Attempts (2 fail, 1 pass) |
|---|---|---|---|---|
| $10,000 | €79 | €0 (refunded) | €79 | €158 |
| $25,000 | €199 | €0 (refunded) | €199 | €398 |
| $50,000 | €319 | €0 (refunded) | €319 | €638 |
| $100,000 | €499 | €0 (refunded) | €499 | €998 |
| $200,000 | €999 | €0 (refunded) | €999 | €1,998 |
| Account Size | 2-Step Fee | Cost at 1 Attempt (pass) | Cost at 2 Attempts (1 fail, 1 pass) | Cost at 3 Attempts (2 fail, 1 pass) |
|---|---|---|---|---|
| $10,000 | €89 | €0 (refunded) | €89 | €178 |
| $25,000 | €250 | €0 (refunded) | €250 | €500 |
| $50,000 | €345 | €0 (refunded) | €345 | €690 |
| $100,000 | €540 | €0 (refunded) | €540 | €1,080 |
| $200,000 | €1,080 | €0 (refunded) | €1,080 | €2,160 |
The numbers are honest. If you pass on the first attempt, the cost is zero. If you fail once and pass on the second, the cost is 1x the fee. If you fail twice and pass on the third, the cost is 2x the fee.
The traders who get into trouble are the ones who budget for 1 attempt and then fail 3 times. On the $200K 2-Step, three failed attempts cost €3,240 with no refund. That is real money.
Community data and trader reports consistently show that most FTMO candidates fail at least once before passing. The pass rate per attempt is estimated at 10-12% across both phases.
Plan your budget for at least two attempts. If you pass on the first, you have surplus budget. If you fail on the first, you are not financially stressed on the second. Financial stress on the second attempt is the fastest path to a third failure.
If you cannot afford two attempts at your chosen account size without financial strain, pick a smaller size. A $50K account you can afford to fail twice is better than a $200K account you cannot afford to fail once.
Before you commit to any account size, run the 14-day free trial with your actual strategy. If you breach the daily loss on the trial, you just saved yourself the entry fee. The trial is free, unlimited, and uses the same rules as the paid challenge.
Capital Per Euro: Which Size Is Best Value
The fee-to-capital ratio is the metric most traders skip. Here it is.
| Account Size | 1-Step Fee | € per $1K (1-Step) | Value rank (1-Step) | 2-Step Fee | € per $1K (2-Step) | Value rank (2-Step) |
|---|---|---|---|---|---|---|
| $10,000 | €79 | €7.90 | 4th | €89 | €8.90 | 4th |
| $25,000 | €199 | €7.96 | 5th | €250 | €10.00 | 5th |
| $50,000 | €319 | €6.38 | 3rd | €345 | €6.90 | 3rd |
| $100,000 | €499 | €4.99 | 1st | €540 | €5.40 | =1st |
| $200,000 | €999 | €5.00 | 2nd | €1,080 | €5.40 | =1st |
The best value on the 1-Step is the $100K at €4.99 per $1K, with the $200K effectively level at €5.00. On the 2-Step, the $100K and $200K tie at €5.40 per $1K.
The $10K and $25K accounts have the worst fee-to-capital ratios. On the 2-Step $25K, you pay €10.00 per $1K of capital. That is almost double the $100K rate.
The implication: if you can manage a larger account and can afford the fee, the bigger accounts are meaningfully better value per dollar of capital deployed. The caveat, which I cannot stress enough, is that bigger accounts have bigger absolute dollar drawdowns. A 3% daily loss on $200K is $6,000. That is not a hypothetical number. That is the amount of money you can lose in a single day before your account closes.
Size to your risk management, not to the fee ratio. The fee ratio is a secondary consideration.
FTMO fees range from €79 to €1,080 depending on account size and challenge type. The 2-Step fee is refunded in full on your first reward. See the current pricing page for your target account size.
FTMO vs Cheaper Firms: Is the Premium Worth It?
FTMO is not the cheapest prop firm. Its headline fee is higher than the lowest-cost evaluations and in line with other established firms. The question is whether the premium is worth it.
For the wider field, including the firms that undercut FTMO on price, see how FTMO compares with the other firms we track.
The argument for FTMO’s pricing:
- 100% fee refund on first payout. A firm that does not refund the fee keeps it from every passed trader. At FTMO, the effective cost for a passed trader who withdraws once is €0.
- $650M+ in verified payouts since 2015. The fee premium buys a decade-long payout track record. Cheaper firms with shorter histories carry more counterparty risk.
- OANDA is now inside FTMO. FTMO completed the acquisition of OANDA Global Corporation in December 2025, so a major regulated forex broker sits under FTMO. That regulatory backing is not available at newer, cheaper firms.
- 4.8/5 Trustpilot across more than 40,000 reviews (Trustpilot, checked 2026-10-09). The review volume is statistically meaningful. Cheaper firms with fewer reviews have less reliable trust signals.
The argument against FTMO’s pricing:
- The entry fee is higher than the cheapest competitors. If you fail three times before passing, you have paid 3x the FTMO fee and received 1x back. The refund only helps traders who pass.
- Cheaper firms let you take more attempts for the same total spend. If you expect to fail multiple times, the total cost at a cheaper firm can be lower even without a refund.
- Some cheaper firms offer similar rules at lower entry prices. Compare the daily loss and drawdown terms directly before you assume the lower fee is the better deal.
FTMO is worth the premium if: you pass on the first or second attempt (net cost is €0-€500), you value payout reliability above all else, and you are planning to scale long-term with the firm.
FTMO is not worth the premium if: you expect to fail 3+ times before passing, you are testing prop firm trading for the first time, or you are optimizing purely on cost per attempt.
If you are a first-time trader, start cheaper. Learn the rules. Fail cheaply. Then move to FTMO when you are confident you can pass. FTMO rewards experienced traders who pass quickly. It punishes inexperienced traders who fail repeatedly.
FTMO Futures Plans and Reset Fees
FTMO’s futures plans work nothing like the CFD challenges, and treating the fees the same way is how traders overspend. Both are subscriptions, not one-time entry fees.
What is verified: Futures Growth costs $119, $169 or $229 per month at $50K, $100K and $150K, and Futures Pro costs $139, $199 or $269 at the same sizes (ftmo.com, checked 25 October 2026). You pay monthly until you reach the Sim-Funded Account, so every extra month in evaluation is another month’s fee — the longer you take to pass, the more the “cheap” $119 entry price quietly compounds. Growth pays every 4 days once funded; Pro pays every 5 days, both at a 90% split.
What is not verified: the reset fees for breaching a futures evaluation or Sim-Funded account are not published on any source this page can cite with a check date, so no reset figures appear here. If a reset fee decides your futures budget, confirm it on ftmo.com’s checkout before you subscribe — and budget the monthly fee times your realistic number of months, not the headline monthly price.
Discounts and Promo Codes
FTMO occasionally runs promotional discounts on challenge fees. These are typically percentage-based reductions that apply at checkout. The discounts are usually announced via email, social media, or affiliate partners. The year-by-year record of FTMO’s Black Friday pricing pattern sits in our FTMO Black Friday guide.
Some affiliate partners, including PassPropTradingFirms, have negotiated discount codes that are available year-round. These codes apply to all account sizes and both challenge types.
At Prime Status in the Premium Programme, you receive a permanent 10% discount on all new FTMO Challenges. This is a structural discount that compounds over time: every challenge you buy after reaching Prime is 10% cheaper.
The 14-day Free Trial is not a discount. It is a separate, free product. But it serves the same purpose as a discount: it reduces your effective cost by showing you whether your strategy fits the rules before you pay. Use the trial before every first attempt at a new account size. It is the cheapest risk management available.
For current discount codes and promotions, check the FTMO discount page.
FTMO pricing adds up like this. The fees are higher than the competition, but the refund structure and the trust track record make the effective cost competitive for traders who pass. If you pass on the first attempt, FTMO is free. If you fail three times, it is expensive. The Free Trial and proper preparation are the best ways to make sure you are in the first group.
