FTMO 50k Challenge is one of the trading challenges offered by FTMO, and it requires traders to reach a profit target of 10% within 60 days. The challenge offers a trading account with a maximum loss limit of $1,000 per day, and traders must adhere to strict risk management rules throughout the trading period.
The cost to participate in the FTMO 50k Challenge is a one-time payment of $335. This fee covers the costs of setting up the demo trading account, providing access to the trading platform, and evaluating traders who successfully complete the challenge.
Also read:ftmo 10k challenge rules
If a trader successfully completes the challenge and meets the evaluation criteria, they will be offered a fully-funded trading account with FTMO, which typically ranges from $50,000 to $300,000, depending on the challenge selected.
It is important to note that the fee for the FTMO 50k Challenge is non-refundable, even if a trader does not meet the profit target or fails to complete the challenge within the 60-day period.
Therefore, traders should carefully consider their trading skills and experience before registering for the challenge and committing to the fee.
ftmo scaling plan
FTMO offers a scaling plan for funded traders who have successfully completed one of the company’s trading challenges and have been offered a funded trading account.
The scaling plan allows traders to increase the size of their trading account and potential profits over time as they demonstrate consistent profitability and risk management.
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Under the FTMO scaling plan, traders can increase their trading account size and potential profits in four stages, as follows:
- Size of $100,000, with a profit target of $5,000 and a maximum loss limit of $1,000 per day.
- Funded trading account size of $200,000, with a profit target of $10,000 and a maximum loss limit of $1,500 per day.
- Account size of $300,000, with a profit target of $15,000 and a maximum loss limit of $2,000 per day.
- Trading account size of $500,000, with a profit target of $25,000 and a maximum loss limit of $2,500 per day.
To progress through each stage, traders must meet the profit target for their current stage within the specified trading period while adhering to strict risk management rules. If a trader successfully completes a stage, their account size and potential profits will be increased for the next stage.
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It’s important to note that each stage has its own evaluation criteria and rules that must be followed. The profit sharing percentage for traders also varies depending on the stage, with traders receiving a higher percentage of the profits they generate as they progress through the stages.
