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.

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

2-Step Challenges

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

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.

FTM supports four trading platforms. The platform available to you depends on your registered entity and account type.

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.

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

Profit Split by Account Type

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.

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.

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.

If FTM’s trailing drawdown or consistency rules do not suit your trading style, these three alternatives are worth comparing.

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.

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.