FTMO 2-Step $200K challenge
The $200K size of FTMO's 2-Step program: a 2-step evaluation with a 10% max loss and a 80% profit split. Every limit below is shown as a percentage and as an amount.
8.0 out of 10PropFirmly score for FTMORanked 2 of 14 forex firmsThe numbers
- Account size
- $200K
- 2-step
- Price
- €1,080
- One-time fee
- Phase 1 target
- 10%
- $20,000
- Phase 2 target
- 5%
- $10,000
- Daily loss limit
- 5%
- $10,000
- Max loss
- 10%
- $20,000, static
- Profit split
- 80%
- Up to 90%
- Payouts
- From day 14 after first trade
- Minimum trading days
- 4 trading days in each phase
- Time limit
- Unlimited
- Fee refunded
- Yes
- With a qualifying payout
How it compares
Target ÷ max loss
1.50
You need 1.50 times the allowed loss in profit before you pass.
Break-even return
0.73%
Return needed on the funded account for your share to cover the fee.
Cost per $100K
$583
More expensive than the $473 median for $200K forex challenges at other firms.
What the rules mean in practice
- There are 2 phases. Phase 1 needs $20,000 profit (10%); Phase 2 needs $10,000 profit (5%). The loss limits apply in every phase.
- On any single day you can lose up to $10,000 (5%). Check FTMO's rules for whether that is measured from the day's starting balance or equity, because open trades count.
- The account fails if you lose $20,000 (10%). This is static drawdown: the loss limit is fixed at a set distance below your starting balance and never moves.
- At a 80% split, you need about 0.73% return on the funded account to earn back the €1,080 fee.
- Payouts: first reward can be requested from the 14th day after the first trade on the FTMO Account.
- FTMO states every fee in EUR. Sizes here are the USD account balances; the same fee buys the matching tier in other account currencies (EUR €10K, €20K, €40K, €80K and €160K; GBP £10K, £20K, £35K, £70K and £140K).
- Daily loss limit is the balance at midnight CE(S)T minus 5% of the initial balance; maximum loss means equity may never drop below 90% of the initial balance.
- Profit target: 10% in the Challenge phase and 5% in the Verification phase. All positions must be closed before a phase is evaluated.
- The fee is refunded with the first reward on the FTMO Account.
- Reward split starts at 80% and rises to 90% under the Scaling Plan or Premium Programme.
- News-release and weekend-holding restrictions apply only on the funded FTMO Account, not during the Challenge or Verification.
This is our reading of FTMO's published rules. The firm's own terms always take priority. See the full FTMO rules.
Other 2-Step sizes
| Steps | Profit target | Daily loss | Max loss | Buy | ||||
|---|---|---|---|---|---|---|---|---|
| $10K | 2 Steps2-Step | 10%5% | 5% | 10% | 1.50 | 80%to 90% | €72.09€89 | Buy |
| $25K | 2 Steps2-Step | 10%5% | 5% | 10% | 1.50 | 80%to 90% | €202.50€250 | Buy |
| $50K | 2 Steps2-Step | 10%5% | 5% | 10% | 1.50 | 80%to 90% | €279.45€345 | Buy |
| $100K | 2 Steps2-Step | 10%5% | 5% | 10% | 1.50 | 80%to 90% | €437.40€540 | Buy |
| $200K | 2 Steps2-Step | 10%5% | 5% | 10% | 1.50 | 80%to 90% | €874.80€1,080 | Buy |
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Other FTMO programs
Each at the size nearest $200K.
Similar $200K challenges
Same account size at other forex firms, cheapest first.
| Steps | Profit target | Daily loss | Max loss | Buy | |||||
|---|---|---|---|---|---|---|---|---|---|
 The5ers4.740.5K | $200K | 2 StepsSummer Plan 2-Step (10/5) | 10%5% | 3% | 10% | 1.50 | 80% | $249 | Buy |
The5ers4.740.5K | $200K | 2 StepsSummer Plan 2-Step (8/5) | 8%5% | 3% | 10% | 1.30 | 80% | $279 | Buy |
 Blue GuardianSince 2021 | $200K | 2 Steps2 Step Nano | 8%5% | 3% | 10% | 1.30 | 80%to 100% | $345$460 | Buy |
 AquaFundedSince 2023 | $200K | 2 Steps2 Step Pro | 10%5% | 5% | 10% | 1.50 | 90%to 100% | $363.48$559.20 | Buy |
 Alpha CapitalSince 2021 | $200K | 2 StepsAlpha Pro 6% | 6%6% | 3% | 6% | 2.00 | 80%to 90% | $557.90$797 | Buy |
 FundedNext4.582.2K | $200K | 2 StepsStellar Lite | 8%4% | 4% | 8% | 1.50 | 80%to 95% | $535.32$798.99 | Buy |
AquaFundedSince 2023 | $200K | 2 Steps2 Step Standard | 8%5% | 5% | 8% | 1.63 | 90%to 100% | $559.44$860.68 | Buy |
Alpha CapitalSince 2021 | $200K | 2 StepsAlpha Pro 10% | 10%5% | 5% | 10% | 1.50 | 80%to 90% | $627.90$897 | Buy |
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More featured challenges
FTMO 2-Step $200K questions
How does FTMO score on PropFirmly?
8.0 out of 10, ranked 2 of 14 forex firms we track. The score rates the firm, not this one account: trader reputation, track record, payout terms, pricing, rule flexibility and platform choice, weighted as described on our methodology page.
How much is the FTMO 2-Step $200K challenge?
The list price is €1,080, before any discount code. At the time of our check a 19% discount was available.
What is the profit target?
Phase 1: 10% ($20,000). Phase 2: 5% ($10,000).
What is the maximum loss?
10%, or $20,000, using static drawdown. The loss limit is fixed at a set distance below your starting balance and never moves.
Is there a daily loss limit?
Yes, 5% ($10,000).
What profit split does it pay?
80%, rising to 90% under FTMO's conditions. Payouts: from day 14 after first trade.
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