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RiseworksBy Alex Firdaus · Updated June 2026 · Data checked June 23, 2026
Funded Trader Markets Review 2026: Challenges, Rules, Payouts and Coupon Code
Quick verdict: Funded Trader Markets (FTM) launched in August 2024 and has paid over $5.69 million to traders as of June 2026. It offers 1-step, 2-step, and instant funding challenges with no time limits, news trading allowed, and an on-demand payout system that guarantees payment within 24 hours or doubles it. The main risks to know before buying: a balance-based trailing drawdown on 1-step accounts that tightens as your balance grows, and a consistency rule that caps single-day profits on instant funding at 20% of total account profit. Read the FAQ before you start.
Use code FT60 at checkout for 60% off through our partner link.
Table of Contents
What Is Funded Trader Markets?
Funded Trader Markets (FTM) is a simulated-funding prop firm that gives traders access to demo capital after passing an evaluation. The firm is based in Dubai, UAE, and is legally registered across three entities: FTM Funded Trader Markets LTD in Cyprus (HE462185), Formed Technologies INT FZCO in the UAE (Reg. 36580), and Funded Trader Markets LTD in Saint Lucia (2025-00239). The CEO is Revin Zabala.
The firm launched in August 2024 and has grown quickly. It now supports traders in over 160 countries and has processed $5.69 million in payouts as of June 2026. All accounts are simulated — traders receive a share of notional profits based on their performance, not real market trading profits.
The three account paths are: 1-step evaluation, 2-step evaluation, and instant funding with no evaluation required. Browse all prop firm reviews to compare FTM against other options.
Note: FTM services are not available in Cuba, Syria, Iran, Lebanon, Iraq, Yemen, North Korea, or Cyprus. MT5 accounts are also not available to US residents.
Challenge Types and Account Sizes
FTM runs eight distinct challenge types across three categories. All challenges have no time limits on how long you can take to hit the profit target. Here is what is available as of June 2026.
1-Step Challenges
| Account | Size | Profit Target | Daily DD | Overall DD | Profit Split | Fee (100K, with FT60) |
|---|---|---|---|---|---|---|
| 1 Step Nitro | $5K–$300K | 10% | 4% balance-based | 6% trailing lock | Up to 90% | ~$100 (from $249) |
| 1 Step Nitro X | $5K–$300K | 6% | 3% balance-based | 3% trailing lock | 100% | ~$72 + $165 activation (from $179) |
2-Step Challenges
| Account | Size | Phase 1 Target | Phase 2 Target | Daily DD | Overall DD | Profit Split |
|---|---|---|---|---|---|---|
| 2 Step Plus | $5K–$300K | 8% | 5% | 4% balance-based | 10% balance-based (static) | 70%–90% |
The 2-step uses static drawdown, not trailing. This is more forgiving than the 1-step Nitro for traders who have volatile equity curves.
Instant Funding
| Account | Size | Daily DD | Overall DD | Profit Split | Consistency Rule |
|---|---|---|---|---|---|
| Instant Standard | $5K–$100K | None listed | 5% | Up to 80% | Max 20% of total profit per day |
| Instant Pro | $5K–$100K | None | 3% | Up to 80% | Max 20% of total profit per day |
| Instant Plus | $5K–$100K | 3% | 6% | Up to 80% | Max 20% of total profit per day |
Drawdown and Risk Rules
FTM uses two different drawdown systems depending on the account type. Getting this wrong is the most common reason accounts are breached.
1-Step Nitro: Trailing Lock Drawdown
The 1 Step Nitro uses a balance-based trailing drawdown. The floor moves up each time your account balance reaches a new high. Once the floor locks, it does not trail further up. For example: on a $100K account with a 6% overall drawdown, your starting floor is $94,000. If your balance hits $102,000, the floor locks at $95,880 (6% below $102,000). Your maximum loss from that point is $6,120, not $6,000.
This is not an equity-based drawdown — floating losses do not move the floor. Only closed balance highs trigger the trail. That distinction matters for swing traders holding overnight positions.
2-Step Plus: Static Balance Drawdown
The 2-step uses a static drawdown calculated from your starting balance, not your highest balance. A 10% overall drawdown on a $100K account means your floor is always $90,000, regardless of how much you profit. This is the more forgiving model for traders with volatile equity curves.
Consistency Rule (All Accounts)
All FTM funded accounts have a consistency rule. On evaluation accounts, your best single day cannot exceed 45% of your total profits. On instant funding accounts, that cap drops to 20%. If you breach this during the funded stage, you cannot request a payout until the ratio is within limits.
News Trading and Weekend Holding
Both are permitted on all FTM account types. There are no blackout windows around high-impact events and no forced position closure before market close on Friday. This is a genuine differentiator versus FTMO and several other established firms that restrict news trading.
Shield Risk Protocol (Optional Add-On)
Some FTM plans offer a 90% profit split add-on called the Shield Risk Protocol. This add-on introduces a 1% maximum floating loss during the evaluation phase. The floating loss is measured in real time across all open positions, not just your closed balance. Traders who selected this and were not aware of the add-on's conditions have reported account breaches from small unrealized losses. Read the checkout page carefully before selecting any add-ons.
Platforms and Instruments
FTM supports four trading platforms. The platform available to you depends on your registered entity and account type.
| Platform | Available To | Notes |
|---|---|---|
| MetaTrader 5 (MT5) | Non-US residents | Provided via Saint Lucia entity. Full EA support. |
| cTrader | Global (non-US) | cBots supported. Strong charting tools. |
| MatchTrader | Global | Web-based. No desktop download required. |
| TradeLocker | Global | Modern UI. Supports built-in strategy modules. |
If you trade on cTrader, see our best cTrader prop firm guide for a full comparison. For MT5, view our MT5 prop firm comparison.
Tradable Instruments
FTM accounts cover forex pairs (majors, minors, and some exotics), gold (XAUUSD), silver, major indices (US30, NAS100, S&P500, DAX, FTSE), and crypto CFDs on a selection of major coins. The full instrument list with specifications is published at fundedtradermarkets.com/instruments-specification. Swap-free accounts are available on all programs.
Payouts and Profit Split
FTM processes most payouts in under 2 hours. The firm guarantees payment within 24 hours and doubles the payout amount if that window is missed. As of June 2026, the firm has paid over $5.69 million to traders, with the largest single payment at $40,513.
Payout Requirements
| Requirement | Detail |
|---|---|
| Minimum trading days | 5 completed trading days before first payout request |
| Minimum profit for payout | 1% of account balance |
| All positions closed | Yes — no open trades at time of request |
| Consistency rule | Best day must not exceed 45% of total profits (eval) or 20% (instant) |
| Payout methods | Rise (bank/card) or USDT (ERC20 / TRC20) |
| Payout frequency | On-demand — no fixed schedule |
Profit Split by Account Type
| Account | Base Split | Maximum Split | Notes |
|---|---|---|---|
| 1 Step Nitro | 80% | 90% | 100% on first $10K available via add-on |
| 1 Step Nitro X | 100% | 100% | First $10K at 100%, then drops. Activation fee required. |
| 2 Step Plus | 70% | 90% | Scales based on performance milestones |
| Instant (all types) | 80% | 80% | Fixed split. No scaling to 100% on instant accounts. |
Drawdown Reset After Payout
After every payout, FTM resets your drawdown room. This means the trailing floor recalculates from your post-payout balance, giving you a full drawdown buffer again. This is a pro for traders who pay out regularly. Verify this applies to your specific account type before relying on it.
Funded Trader Markets Coupon Code: FT60
Save 60% on Any FTM Challenge
The current exclusive discount code for Funded Trader Markets through FundedTrading is:
Offer: 60% off all 1-step, 2-step, and instant funding accounts through our affiliate link.
Note that FTM also runs its own site-wide promotions (the current banner shows "JUN" for up to 75% off through June 30, 2026). These are FTM's own codes and are separate from the FT60 affiliate code. If the site promotion is larger than 60%, use the site code directly. If not, FT60 gives the best available discount through our link. For all active prop firm offers, see the FundedTrading discount page.
Pros and Cons
Pros
- On-demand payouts averaging under 2 hours with a 24-hour guarantee (doubles if missed)
- News trading and weekend holding permitted on all account types
- Eight challenge types covering 1-step, 2-step, and instant funding
- No time limits on any challenge phase
- Four platforms: MT5, cTrader, MatchTrader, TradeLocker
- Drawdown resets after each payout cycle
- $5.69M+ paid out as of June 2026 with verifiable live payout feed
- Low entry cost — 1-step challenges from $24 (with code FT60)
- Swap-free accounts available on all programs
- Scaling path up to $1.5M in simulated capital
Cons
- Trailing drawdown on 1-step Nitro tightens with every new balance high — not a fixed floor
- Instant funding consistency rule (20% daily cap) delays payouts for traders with single large-win days
- Profit split capped at 80% for all instant funding accounts — no path to 100% without passing an eval
- 100% profit split on Nitro X applies only to the first $10,000 in profits
- XAUUSD slippage complaints reported during volatile sessions
- MT5 not available for US residents
- Shield Risk Protocol add-on imposes a 1% real-time floating loss limit — easy to breach if not read carefully
- Launched August 2024 — shorter track record than FTMO or Goat Funded Trader
- Trustpilot score of 3.9 reflects a bimodal pattern: high satisfaction for rule-followers, frustration for those who breached unexpectedly
Best For / Avoid If
Is Funded Trader Markets Legit?
Yes. Funded Trader Markets is a legitimate prop firm. It is incorporated across three registered entities (Cyprus HE462185, UAE Reg. 36580, Saint Lucia 2025-00239), has a publicly visible live payout feed on its homepage, and has paid over $5.69 million to traders since launching in August 2024. The firm operates under the FTM Funded Trader Markets LTD brand and its CEO, Revin Zabala, has been publicly named and visible in the community.
On Trustpilot, FTM holds a 3.9 out of 5 score from 463 reviews as of June 2026. The breakdown is 320 five-star reviews and 88 one-star reviews — a bimodal distribution that is normal for prop firms. Traders who follow the rules and receive payouts tend to leave five stars. The one-star reviews cluster around two themes: accounts breached due to the trailing drawdown behaving differently than expected, and disputes around the Shield Risk Protocol floating loss add-on.
The firm responds publicly to Trustpilot reviews with detailed rebuttals. In nearly all breach disputes reviewed, FTM cited specific FAQ sections that documented the relevant rule. Whether you agree with the outcome or not, the rules appear to exist in writing before the breach occurs.
For traders who read the full FAQ and understand the drawdown mechanics before starting, FTM is a paying, operating firm with a strong payout speed record. For traders who buy an account without reading the rules, the trailing drawdown and consistency rules create a higher breach risk than they may expect.
Alternatives to Funded Trader Markets
If FTM's trailing drawdown or consistency rules do not suit your trading style, these three alternatives are worth comparing.
| Firm | Drawdown Model | News Trading | Payout Speed | Max Split |
|---|---|---|---|---|
| Goat Funded Trader | Static on all accounts | Allowed | 24 hr guarantee (or +$1,000) | 90% |
| FundYourFX | Static — no daily loss on some plans | Allowed | On-demand | 100% |
| FTMO | Static balance-based | Restricted during high-impact events | Up to 14 days | 90% |
For a full side-by-side, use the FundedTrading prop firm comparison tool. If instant funding with no consistency rule is your priority, see our best instant funding prop firms guide.
Final Verdict
Funded Trader Markets is a legitimate, paying prop firm with competitive pricing and one of the strongest payout-speed guarantees in the industry. The 24-hour guarantee with a double-or-nothing clause is not just marketing — Trustpilot reviews confirm most traders receive payouts in under 2 hours.
The firm is best suited to traders who want no news trading restrictions, on-demand payouts, and a low entry cost. The $5K 1-step Nitro starts from $24 with the FT60 code — among the cheapest funded account entries available.
The main risk is rule complexity. The trailing drawdown on 1-step accounts, the 20% daily consistency cap on instant funding, and the optional Shield Risk Protocol add-on have all produced disputed breaches. None of these are hidden — they are in the FAQ — but traders who do not read the fine print before starting face a higher breach probability than the marketing implies.
Read the FAQ before buying. Test with a smaller account size first. If the rules match your strategy, FTM is worth serious consideration in 2026.
FAQs About Funded Trader Markets
Is Funded Trader Markets legit?
Yes. FTM is a legitimate prop firm registered in Cyprus, the UAE, and Saint Lucia. It has paid over $5.69 million to traders since launching in August 2024, with a publicly visible live payout feed and a 3.9 out of 5 Trustpilot score from 463 reviews as of June 2026. The firm operates on a simulated-funding model, which is disclosed at checkout.
What is the Funded Trader Markets coupon code?
The current exclusive code for FundedTrading readers is FT60, giving 60% off all 1-step, 2-step, and instant funding accounts through our affiliate link at fundedtradermarkets.com/ref/fundedtrading. FTM also runs its own promotions — check the banner at checkout to confirm which code gives the larger discount.
How long does Funded Trader Markets take to pay out?
Most payouts process in under 2 hours. FTM guarantees payment within 24 hours of a valid payout request. If it misses that window, the payout is doubled. Payments go via Rise (bank transfer or card) or USDT on ERC20 or TRC20.
Does Funded Trader Markets allow news trading?
Yes. News trading is allowed on all FTM account types with no blackout windows around high-impact events. Weekend holding is also permitted. This is one of the firm's main selling points versus firms like FTMO that restrict trading during scheduled news releases.
What platforms does Funded Trader Markets support?
FTM supports MetaTrader 5 (MT5), cTrader, MatchTrader, and TradeLocker. MT5 is not available for US residents. Platform availability depends on your registered entity at the time of signup. All four platforms are available to most non-US traders.
How does the trailing drawdown work at Funded Trader Markets?
On 1-step Nitro accounts, FTM uses a balance-based trailing drawdown. The floor rises each time your account balance reaches a new high after closing a trade. It does not trail off floating (unrealized) equity. On 2-step Plus accounts, the drawdown is static — calculated from your starting balance only and does not move up. Always confirm which type applies to your account before starting.
What is the Funded Trader Markets consistency rule?
During the funded stage, no single trading day can account for more than 45% of your total account profits (on evaluation-based accounts) or more than 20% (on instant funding accounts). If you hit this cap, you cannot request a payout until other profitable days dilute the percentage. Traders who have one large winning day early in the account should be aware this rule will delay their first payout request.
Can US traders use Funded Trader Markets?
US traders can sign up and trade on cTrader, MatchTrader, or TradeLocker. MT5 is not available to US residents due to the Saint Lucia entity's restrictions on MT5 for US-based clients. FTM is not restricted in the US otherwise, but traders should verify the current terms at checkout as this may change.
Ready to Try Funded Trader Markets?
Use code FT60 at checkout for 60% off any 1-step, 2-step, or instant funding account through our link.
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