FTMO Payouts Methods - How to Withdraw Your FTMO Profits
The Profit Split on FTMO Accounts is done every month by default, with the option to place a payout on-demand after 14 calendar days from the first placed trade on the account. This means that, if you generate profit with your FTMO account, they will take 80% (or 90% if you are on the Scale-up Plan) and pay you out accordingly.
However, if you meet the conditions of their Scaling Plan—which include a consistent profit over several months—not only will they increase the balance of your FTMO Account by 25%, but the Profit Split will also automatically change to a staggering 90/10! So, if you prefer to keep your Profit Split on account to grow and accordingly build up your balance and drawdown buffer, you can do so. Just note that FTMO will always withdraw their share of the Profit Split.
How Does It Work?
The Profit Split is designed to be simple and straightforward: Whatever amount of profit you generate with an FTMO-funded account is split by 80/20 (90/10 on the Scale-up plan) and paid out to you. Here's an example: let's say your account value is $10,000, and over the course of one month, you generate a $1,000 profit. So they would take $200 (20% of $1,000) as their share and pay you out $800.
Of course, if you hit certain conditions outlined in their Scaling Plan—more on that below—you may be eligible for an even more favourable Profit Split.
What Is the Scaling Plan?
The Scaling Plan is designed for traders who consistently generate profit over many months. If you can do this, not only does FTMO increase the balance of your account by 25%, but they also automatically change the Profit Split from 80/20 to a fantastic 90/10 in your favour!
How to Withdraw Your FTMO Profits?
Once you've completed the FTMO challenge and been assigned a trading account, you may wonder how to withdraw your profits. Fortunately, the process is relatively straightforward and can be accomplished via bank wire transfer, Skrill, or cryptocurrencies. We'll walk you through the steps necessary to withdraw your FTMO profits.
Step 1: Confirm Your Invoice
The first step is to confirm your invoice. This can be done by logging into your FTMO account and navigating to the "Billing" tab. Once there, you'll see a list of all outstanding invoices. Simply select the invoice you wish to confirm and click the "Confirm" button.
Step 2: Request a withdrawal
Once your invoice has been confirmed, you can request a withdrawal by navigating to the "Withdrawal" tab and selecting the method you wish to use (bank wire transfer, Skrill, or cryptocurrencies). Next, enter the amount you want to withdraw and click the "Request Withdrawal" button.
Step 3: Wait for the Processing
FTMO processes withdrawals within 1-2 business days. You will receive an email notification once your withdrawal has been processed.
These three simple steps will allow you to withdraw your FTMO profits easily. If you have any questions about the process, feel free to reach out to our support team for assistance.