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Comparison · Forex

How much freedom you get at FTMO and Velotrade

Updated on

Time limits

Neither firm allows you to disappear; both impose a 30-day inactivity rule that forces you to place a trade even if the market offers no setups. However, the pressure is different:

  • FTMO: While they no longer have a maximum trading day limit, their 2-step accounts require at least 4 minimum trading days. This prevents you from getting funded instantly even if you hit the target in one hour.
  • Velotrade: They impose a much stricter barrier. You cannot just trade; you must have at least 5 qualifying profitable days per phase. A day only counts if you realize a net profit of at least 0.8% of the starting balance. This effectively prohibits "flipping" a challenge quickly or using micro-lots to pass time.

Weekends and news

Trading around high-volatility events or market closes is heavily restricted:

  • FTMO: In "Standard" accounts, you are forbidden from opening or closing trades 2 minutes before and 2 minutes after major news releases. Furthermore, funded "Standard" traders cannot hold positions over the weekend, forcing you to exit trades even if your long-term analysis remains valid.
  • Velotrade: While they are more lenient with macro news, they impose a 24-hour blackout period for single stocks around earnings reports and ex-dividend dates. You are also restricted from trading during corporate actions.

Where you can trade from

Geography is a major barrier for one of these firms:

  • FTMO: They have an extensive list of over 70 banned countries, including India, Indonesia, Kazakhstan, Russia, and Vietnam. If you reside in any of these territories, you are completely barred from their services.
  • Velotrade: Their restrictions are much more limited, focusing only on high-risk jurisdictions like North Korea, Iran, Syria, and specific regions of Ukraine (Crimea, Donetsk, Luhansk).

What the platform limits

The technical environment dictates how you can execute your strategy:

  • FTMO: They restrict certain aggressive behaviors like "Account Rolling" and one-sided bets. Their "Standard" account is the most restrictive regarding execution style.
  • Velotrade: You are locked into a single platform: DXtrade. You cannot use MetaTrader 4 or 5. If you use EAs, you cannot use private or bespoke signals, and any MetaTrader-based bot will require a bridge or manual adaptation. They also explicitly prohibit Martingale and Grid strategies, closing the door on many popular automated styles.

What the rules cost you

The financial restrictions determine how much of your profit you actually keep and how many "lives" you have:

  • FTMO: On 1-step and Instant accounts, you are limited by a trailing drawdown, which means your "floor" moves up with your equity or balance, giving you less room as you profit.
  • Velotrade: They impose a significant financial ceiling: your first and second withdrawals are capped at 20 times the challenge fee. Any profit above that amount is forfeited. Additionally, they do not refund the challenge fee upon passing, unlike FTMO's 2-step accounts. Payouts are also limited to Crypto only, excluding those who prefer bank transfers or PayPal.

Restrictions that add up

The combined effect of these rules creates a specific "trap" for the trader. At FTMO, the 30-day inactivity rule combined with the news and weekend restrictions on Standard accounts means you are forced to be active but penalized if that activity coincides with high-impact events. You are essentially paying for a "Swing" account if you want the freedom to hold trades.

At Velotrade, the combination of the 0.8% minimum profitable day rule and the 20x payout cap on the first two withdrawals means you are forced to trade with high precision to pass, but then you are strictly limited on how much you can actually take home. You cannot "hit a home run" early on; the firm forces you into a slow-play scenario where your initial risk is never fully rewarded until the third payout.

Frequently asked questions

Which firm is cheaper to start a $10,000 account, FTMO or Velotrade?

Velotrade is cheaper for a 1-step challenge, offering their "PRO" 1-step 10k account for $74, whereas FTMO charges €79 (approx. $85) for their 1-step 10k account. If you prefer a 2-step evaluation, Velotrade's "Classic" is $100 compared to FTMO's €89 (approx. $96).

Between FTMO and Velotrade, which one allows more payout methods?

FTMO offers more variety, allowing withdrawals via Bank Transfer and PayPal. In contrast, Velotrade restricts all payouts to Crypto (USDC or USDT on Arbitrum), meaning you cannot receive funds directly into a traditional bank account or digital wallet like PayPal.

Which firm restricts news trading more, FTMO or Velotrade?

FTMO has stricter general news restrictions, as their "Standard" accounts prohibit any execution (opening or closing) within a 4-minute window around major announcements. Velotrade allows macro news trading but imposes a much longer 48-hour restriction window (24h before and 24h after) specifically for single stocks during earnings or dividend events.

Who has more platform options for trading, FTMO or Velotrade?

FTMO is significantly more flexible, offering MetaTrader 4, MetaTrader 5, cTrader, DXTrade, and TradingView. Velotrade provides zero choice, limiting all traders exclusively to the DXTrade platform, which may require users to adapt or bridge their existing automated tools.

Field by field

FTMO and Velotrade, side by side

Rules, plans, platforms, leverage, commissions and payouts of both, with the option to see only what differs.

Head to head

65 differences

25%off · Exclusive
Headquarters

Praga 1, Calle Purkynova 2121/3, 110 00, Czech Republic

Hong Kong

CEO

Otakar Suffner

Gianluca Pizzituti

Country

Czech Republic

Hong Kong

Foundation

2015

2025

Banned Countries
Afghanistan, Anguilla, Antarctica, Antigua and Barbuda, Belarus, Belize, Bhutan, Bouvet Island, Burundi, Cape Verde, Central African Republic, Chad, Cook Islands, Comoros, Congo, Cuba, Djibouti, Dominica, Equatorial Guinea, Eritrea, Fiji, Gabon, Gambia, Grenada, Guinea, Guinea-Bissau, Vatican City, India, Indonesia, Iraq, Kazakhstan, Kiribati, Kosovo, Kyrgyzstan, Lesotho, Liberia, Malawi, Mali, Mauritania, Marshall Islands, Micronesia, Nauru, Niger, Niue, Papua New Guinea, Russia, Saint Barthélemy, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Samoa, San Marino, Sao Tome and Principe, Seychelles, Sierra Leone, Solomon Islands, Somalia, South Sudan, Sudan, Suriname, Eswatini, Tajikistan, Timor-Leste, Tokelau, Tonga, Turkmenistan, Tuvalu, Ukraine (Crimea, Sevastopol, Donetsk, Kherson, Luhansk, Zaporizhzhia), Uzbekistan, Vanuatu, Venezuela, Western Sahara
North Korea, Iran, Syria, Cuba, Crimea, Donetsk, Luhansk
Assets
Forex, Indices, Commodities, Crypto, Stocks
Crypto, Forex, Stocks, Indices, Commodities, ETFs
Brokers

Liquidity Provider

No data
Refund
Yes

(Only 2-Step Challenge) Full refound after first payout

No

No standard fee refund after passing. The terms exclude refunds once the platform is accessed or the first trade is placed, except where required by law.

Platforms
Metatrader 4, Metatrader 5, cTrader, DXTrade, Tradingview
DXtrade
Payout Methods
Transfer, PayPal
Crypto
Payment Methods
Card, Crypto, PayPal, Skrill
Card, Crypto
Margin Call Level

100%

No data
Payout Frequency

14 days

First, after 14 calendar days from the first funded trade and completion of the required profitable days. Then weekly on request. Paid in USDC or USDT on Arbitrum; each payout is publicly verifiable on Arbiscan.

Alternative Currency
EUR, CZK, GBP, CAD, AUD, CHF
No data
Minimum Withdrawal
  • Bank transfer: $20
  • Crypto: $50

USD 100

Payout Fee
No data

Variable network fee, deducted from the withdrawal and shown when requesting it.

Demo Account
No data
DXtrade
ID-Password
Payout Guarantee
No data

Processing within 24 hours of approval. Trading is halted during the preceding review, which may take longer during busy periods.

Crypto Weekend Trading
No data
Yes
Maximum Withdrawal
No data

First and second withdrawals: capped at 20 times the challenge fee actually paid. The excess is forfeited. No cap from the third withdrawal. Full withdrawals only; the starting balance is restored afterwards without moving the drawdown floor.

Forex
  • Standard: 100:1
  • Swing: 30:1

Evaluation / funded: majors 50:1 / 30:1; minors 30:1 / 20:1; exotics 20:1 / 10:1.

Metals
  • Standard: 30:1
  • Swing: 9:1

Evaluation 6:1; funded 5:1.

Indices
  • Standard: 50:1
  • Swing: 15:1

Evaluation 6:1; funded 5:1.

Stocks
  • Standard: 3.33:1
  • Swing: 1:1

Evaluation 5:1; funded 3:1.

Crypto
  • Standard: 3.33:1
  • Swing: 1:1

Evaluation / funded: BTC 10:1 / 5:1; ETH and SOL 6:1 / 5:1; XRP, HYPE, DOGE, BNB, BCH, SUI, XAUT and ADA 3:1 / 2:1; remaining crypto 2:1 / 2:1.

Energies
No data

Evaluation 6:1; funded 5:1.

ETFs
No data

Evaluation 6:1; funded 5:1.

Forex
5 / lot
0.004%
Metals
0.0014%
0.01%
Indices
0
0.03%
Stocks
0.004%
0.03%
Crypto
0.065%
0.03%
Commission-Free Option
No
No
Energies
No data
0.01%
ETFs
No data
0.03%
Swap Free
No
No

Overnight funding is 0.05% of notional, the same for longs and shorts. Crypto, stocks, indices and commodities: 00:30 UTC, including weekends. Forex: 21:00 UTC, triple on Wednesday and no separate Saturday or Sunday charge.

Add-ons
No
Yes

Profit-share upgrade available at purchase. Variants and their prices are shown in the challenges.

Instant
Yes
No
One Step
Yes
Yes
Account scaling
Yes

Requirements

  • Minimum of 4 months cycle
  • At least 10% total net simulated profit in the 4-months trading window, date to date
  • Process at least 2 rewards
  • Positive account balance at the time of scale-up

Benefits

  • Upgraded reward to 90%
  • $2M scale-up cap
  • Continuous increase when criteria are met
No

No published scaling plan. Increasing capital requires additional accounts within the maximum allocation.

Two Steps
Yes
Yes
Max Drawdown
  • 1-Step: End-of-day trailing
  • 2-Step: Static
  • Instant: Intraday trailing on closed balance. It does not reset after a Reward withdrawal.

Static against each phase's starting balance, including funded accounts. It does not trail profits or move with payouts. Balance and floor reset at the start of the second phase. Equity reaching or falling below the floor, including floating losses, closes the account.

Profit Split

90%

No data
Free Trial
Yes
No

Free read-only DXtrade guest access to view instruments and prices, without trading. Sprint offers challenge prizes, with award-specific profit splits and payout caps.

Daily Drawdown

Equity based

Recalculated at 00:30 UTC from the higher of balance or equity at that moment. Floating profit can raise the reference; the resulting floor is monitored against real-time equity. Reaching or falling below it breaches the account.

Three Steps
No
No data
Max Allocation
400,000
200,000
Merge Accounts
Yes
No
Maximum Trading Days

Unlimited

No completion deadline; the inactivity rule still applies.

Minimum Trading Days
  • 1-Step: 0 days
  • 2-Step Phase 1 and 2: 4 days
  • Instant: 0 days

Five qualifying days, not necessarily consecutive, per evaluation phase. The count resets on funding and must be met again before the first payout, but not subsequent payouts.

Monthly Competition
Yes
No data
Account Reset
No data

No resets or standard free retakes. A failed challenge requires a new purchase.

Maximum Accounts
No data

One registered profile and verified identity. Multiple challenges and funded accounts may sit under that profile; each is assessed separately and results cannot offset one another.

Minimum Profitable Days
No data

A qualifying day requires net realised profit of at least 0.8% of the starting balance. Days run from 00:30 to 00:30 UTC. Holding a position open does not add days.

Expert Advisor (EA)
Yes
Limited

Self-built or publicly available commercial EAs, bots and AI are allowed in evaluation and funded accounts. REST and WebSocket API included without fee or approval; no FIX or L2/L3 depth through the API. MT4/MT5 EAs need a bridge or adaptation. Private, exclusive or bespoke signals are prohibited.

VPN
Yes
Yes

VPNs, VPSs and IP changes are allowed. Only the verified owner may trade; access sharing remains prohibited.

Hedging
Yes
Limited

Only within the same account. Cross-account, cross-platform and cross-firm hedging is prohibited, including via copiers. First offence involving one trade: trades closed and a one-time warning per user; multiple trades or repetition: permanent closure.

Requires Stop Loss
No
No

Optional. A triggered Stop Loss exits at market and may slip. Stop Limit orders are disabled.

Scalping
Yes
Limited

Ordinary scalping is allowed; tick scalping, HFT and pricing or latency exploitation are prohibited.

Stacking / Layering (DCA)
Yes
No data
Maximum Risk Limit
No
Limited

No general numeric per-trade cap. Leverage, equity limits and the ban on abusive risk still apply. Single stocks have per-company and total exposure limits published on the platform, with possible short restrictions.

Copy Trading
Yes
Limited

Only between accounts owned by the same trader. Public signal services and commercial EAs are allowed without subscriber coordination. Copying other people's accounts, third-party management and private, exclusive or bespoke signals are prohibited.

News Trading
Yes

Standard

Not allowed to execute any new trade or close an existing trade (including stop loss or take profit) on the targeted instrument in the window of 2 minutes before until 2 minutes after the release of the below news announcements.

Swing

No restrictions.

Limited

Macro news trading is allowed. For single stocks, close from 24 hours before to 24 hours after earnings and ex-dividend events. Close before other corporate actions announced at least one day in advance; reopen when normal trading resumes.

Inactivity Rule

30 days

Deactivated after 30 calendar days without valid activity, counted from assignment or the latest trade close. A trade held at least 60 seconds qualifies; open positions pause the timer and pending orders do not count. One support-requested reactivation is available within six months; afterwards it may be treated as a hard breach.

Consistency Rule
Yes
  • 1-Step: To pass the FTMO Challenge: 1-Step or to be eligible for a Reward on an FTMO Account, your profit from the Best Day must not represent more than 50% of your total profit.
  • 2-Step: No consistency rule.
  • Instant: To be eligible for a Reward, your Best Day must not represent more than 30% of your total profit. The count restarts from zero after each Reward.
No

No cap on a winning day's share of profit; qualifying-day requirements and prohibited strategies still apply.

Hold Weekend
Limited

Standard

In an FTMO Challenge or Verification, you don't have to close your positions during the weekend. However, once you become an FTMO Trader and get an FTMO Account, you are required to close your positions just before the markets close for the weekend or if the rollover (market break) is longer than 2 hours.

Swing

No restrictions.

Limited

Allowed, including forex. Single stocks may have size limits, weekend bans or mandatory out-of-hours closure by instrument. Equity limits and overnight costs continue to apply.

Prohibited Strategies
  • Overleveraging
  • Overexposure
  • One-sided bets
  • Account Rolling

Martingale, grid, arbitrage, tick scalping, HFT, latency or error exploitation, private or bespoke signals, account sharing, insider information, coordinated risk elimination and account rolling. Abusive overleveraging, correlated overexposure and repeatedly adding to losing positions are also prohibited. Profits may be removed, payouts withheld or accounts closed.

Martingale
No data
No
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