FTMO Prop Firm Review
The most reputable prop firm in the world, but not available to Iranians.
Bitfa rating: 4.1 out of 5
FTMO at a glance
FTMO prop firm review
FTMO is the father of modern prop firms: it has been operating since 2015, has a flawless payout record, and it was this firm that established the industry standards (the two-step challenge and the 5/10 drawdown limits).
But here is the key point for Bitfa readers: because of sanctions, FTMO does not accept Iranian traders, and Iranian documents are rejected during identity verification. This review is here to give you a complete picture of the market; your real options are FundedNext and FeneFX.
Does FTMO accept Iranian traders?
FTMO challenge rules
| Maximum daily drawdown | 5% |
|---|---|
| Maximum overall drawdown | 10% |
| Challenge phases | 2 phases (10% and 5%) |
| Accepts Iranians | ✖ No |
⚠️ The exact rules of each plan may change, so read the prop firm's own rules page before buying a challenge. The most common reason for failing is exceeding the daily drawdown limit, not a wrong analysis.
FTMO pros and cons
✔ Pros
- The most reputable brand in the prop industry
- A long, controversy-free payout track record
- Professional performance-analysis tools
✖ Cons
- Iranians are not accepted
- Crypto only as a limited set of CFDs
- Profit payouts are practically impossible for Iranians
🔍 Bitfa's rating is the average of four criteria (credibility, rules, profit split and support) and is updated whenever the prop firm's conditions change.
Frequently asked questions about the FTMO prop firm
Why doesn't FTMO accept Iranians?
Because of sanctions rules, identity verification with Iranian documents is rejected, and using false documents puts you at risk of losing all your profits and your account.
What is the best FTMO alternative for Iranians?
FundedNext (international, with official acceptance of Iranian traders and USDT payouts) and FeneFX (a Persian-language prop firm with rial payments).
⚠️ Risk warning: trading in financial markets and taking part in prop challenges involves financial risk and may result in losing the challenge fee. This page is for information only and is not investment advice. Some of the links on this page may be affiliate links.