Fastest Withdrawal Process to Get FTMO Payout in 2021

Table of Contents

1. Introduction
2. FTMO Withdrawal Process
   • Receiving the Profit Split Day Reminder
   • Receiving the Payout Request Email
   • Accessing the Payout Details Page
   • Withdrawing the Profit
   • Understanding the Rollover Amount
   • Refund Balance and its Transfer
   • Creating the Invoice
   • Uploading the Invoice
3. Tips for Passing FTMO
   • Treating the Account Like a Real Account
   • Managing Risk and Strategy
   • Following FTMO Trading Rules
   • Dealing with News Events
   • Psychological Preparation for the Real Account
4. Conclusion

FTMO Withdrawal Process Explained

In this article, we will explore the FTMO withdrawal process, providing you with a step-by-step guide on how to successfully withdraw your profits from your FTMO trading account. FTMO offers traders the opportunity to trade using their capital, and once you've passed their challenge and verification phases, you become eligible to withdraw the profits you've earned.

Receiving the Profit Split Day Reminder

After successfully trading with FTMO, you will receive a profit split day reminder email. This email serves as a notification that the profit split day is approaching. The profit split day is when FTMO calculates and distributes the profits earned from your trading activities. It is essential to be aware of this deadline to take the necessary steps for receiving your funds.

Receiving the Payout Request Email

Around three to four days after the profit split day reminder, you will receive an email regarding the payout request process. This email informs you that your account has been reviewed for profitability, and you can now proceed to the client area to complete the withdrawal procedure. It is crucial to carefully review this email and understand the next steps.

Accessing the Payout Details Page

In the FTMO client area, you will find the payout details page. This page displays your account number, the amount of profit generated in the previous month, and the profit split percentage, which is typically 70%. You will also see the maximum amount available for withdrawal, which is equivalent to the profit earned. Additionally, if you have successfully maintained profitability after passing the challenge and verification phases, you may have a refund balance available.

Withdrawing the Profit

To withdraw your profit, you need to enter the desired withdrawal amount on the payout details page. This amount should not exceed the maximum withdrawal limit displayed. Once you've entered the amount, you can proceed to submit the withdrawal request. It's important to note that the refund balance and the withdrawal amount are transferred to different accounts. The withdrawal amount will go to your chosen bank account or payment provider, while the refund balance will be refunded back to the original card used for the initial investment.

Understanding the Rollover Amount

FTMO offers traders the option to leave a portion of their profit in the trading account. This amount is referred to as the rollover. If you wish to retain some funds in your account for trading purposes, you can specify the rollover amount. Otherwise, if you choose to withdraw the entire profit, the rollover will be zero.

Refund Balance and its Transfer

If you have successfully maintained profitability during the first month after passing the challenge and verification, you may have a refund balance available. This refund balance will be transferred back to the original payment method used for the initial investment. It is important to note that the refund balance and the withdrawal amount are separate, and they follow different transfer procedures.

Creating the Invoice

Once the withdrawal request is submitted, you will be directed to the invoice page. Here, you have the option to let FTMO generate an invoice for you or create your own. If you choose to generate your own invoice, it is recommended to use an invoice generator website such as invoicegenerator.com. You will need to fill in your personal and account information, ensuring accuracy and clarity.

Uploading the Invoice

After creating the invoice, you need to download it to your computer. Once downloaded, you can then upload the invoice file onto your FTMO client portal. By doing so, you expedite the payment process, enabling FTMO to process your withdrawal request more expeditiously. This step is crucial to ensure a smooth and efficient withdrawal experience.

Tips for Passing FTMO

Passing the FTMO challenge and verification phases can be a significant milestone for traders. To increase your chances of success and smooth sailing during the process, here are some valuable tips to consider:

Treating the Account Like a Real Account

While trading with the FTMO account, it is essential to treat it as if it were a real trading account with your own capital. Avoiding risky strategies and managing your risk wisely will help you develop good trading habits and increase the chances of passing the challenge and verification phases successfully.

Managing Risk and Strategy

When trading with FTMO, it is recommended to limit your risk per trade to a range between 0.5% and 2%, depending on your trading strategy and consistency. Starting with a lower risk percentage, such as 0.5%, is advisable, especially if you are still working on becoming consistently profitable. Gradually increasing your risk as you gain confidence can be a prudent approach.

Following FTMO Trading Rules

FTMO has specific trading rules that you must adhere to during the challenge and verification phases. It is essential to familiarize yourself with these rules and ensure strict compliance. Pay attention to requirements such as closing trades over weekends and being cautious about trading during high-impact news events.

Dealing with News Events

While trading during news events may be allowed during the challenge and verification phases, once you have a funded account, you must exercise caution. FTMO restricts trading two minutes before and two minutes after high-impact news events. Deciding whether to hold trades during news events requires careful consideration of the potential risks and adherence to the trading rules set by FTMO.

Psychological Preparation for the Real Account

Transitioning from the challenge and verification phases to a real trading account can be both exciting and challenging. It is crucial to prepare yourself mentally to handle larger lot sizes, bigger profits, and potential losses. Developing a strong psychological mindset and managing emotions such as greed and fear will be vital to your success as a trader.

Conclusion

The FTMO withdrawal process can be a straightforward and seamless experience if you follow the necessary steps and guidelines. Understanding the profit split day reminder, the payout request email, the payout details page, and the rollover amount are crucial for a successful withdrawal. Additionally, implementing the provided tips for passing FTMO and managing risk can enhance your trading journey with FTMO. Remember to always trade responsibly and maintain a disciplined approach to maximize your chances of success.