FTMO Payout Proof – Is FTMO Legit?

FTMO is without a doubt the largest and most widely used online forex prop firm in the industry. Over the last few years the company has grown over 40,000% and gone from strength to strength, helping fund thousands of profitable traders around the world. However, in such a new industry, traders are still skeptical. Are there any payout proof’s to prove that FTMO is legit? Let’s take a look…

My Payout Proof From FTMO

No matter how good a forex prop firms offering appears to be, if traders are not getting paid – it’s not a risk that is worth taking. I’ve been fortunate enough to have taken withdrawals from all of the worlds leading forex prop firmsOpens in a new tab.

You’ll be able to see here my recent payouts from FTMO over the last few months. All of these payouts were received within a few business days of me requesting a withdrawal. I also paid £0 in fees on these – which was great to see! It’s very rare that I’ll have any kind of international transaction passed through with absolutely no fees on my end.

Do these withdrawals mean that FTMO are going to be paying traders forever? Well, of course I cannot say that. There is always going to be risk involved when using any kind of third party or trading itself. Is your broker going to let you withdraw? Will your bank let you withdraw? Will the market destroy your account balance in 5 minutes? There is always going to be risk!

There are two real key elements to staying safe whilst using any prop firm, including FTMO…

  1. Keep your ear to the ground and understand what is actually happening within the industry. You’ll be able to tell fairly quickly if the company is tweaking the trading conditions or starting to delay payments to traders – these are your two red flags to look out for.
  2. Don’t only use your prop firm funded trading account. The maximise profits and reduce risk as much as possible, setup a trade copierOpens in a new tab.

FTMO Withdrawal Proof From Other Traders

My payout proof might not be enough to quench your thirst, which is completely understandable! Luckily, there are a huge amount of withdrawals from other traders online that show how FTMO is paying traders fairly and on time. Here are some of these proof videos from other traders…

These are just some of the many videos out there showing some live FTMO withdrawals and payouts. I would highly recommend having a look for yourself on YouTubeOpens in a new tab.

If videos aren’t your thing, there are whole forum threads and Facebook groups dedicated to sharing FTMO payouts as well! Let’s take a look at some of these threads…

These are the best resources in my opinion, to see the legitimacy for yourself. Beyond that, your best chance is to either sit on the sidelines and keep spectating, or use one of the cheaper trading options.

Rolling the dice on a $200,000 challenge accountOpens in a new tab.

Requesting An FTMO Payout – My Experience

Not only do I have to praise FTMO on the fact the payouts come to quickly, they are also incredibly simple to get your hands on. With some of the other prop firms in the industryOpens in a new tab.

However, FTMO now have an incredibly streamlined process to get your payouts. Essentially all you need to do is log into your back end, then request a withdrawal. There is a invoice generator style page, where you confirm personal details, the account number etc – then the payout will be made.

The whole process takes about 3 minutes, give or take. I made a few errors on one of my withdrawal attempts and I had a member of the accounts team email me directly that day and help me get my issues sorted.

I have taken withdrawals from all of the leading forex prop firmsOpens in a new tab.

In Conclusion – FTMO Payout Proofs

In summary, I hope this gives you a flavour as to the results and payouts traders are having from FTMO. Again, you have to remain very cautious and make your own decision based on the risk appetite you have. Out of the prop firms I have used and received withdrawals from, FTMO is a great option and I would highly recommend them if you’re in the market for a funded account.

What’s your experience with funded accounts? Let me know in the comments below…

Kyle Townsend

Kyle Townsend is the founder of Forex Broker Report, an experienced forex trader and an advocate for funding options for retail forex traders.

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