FTMO 2-Step $200K

The FTMO 2-Step $200K is a 2-Step challenge from FTMO on a $200K account. It costs €1,080, and the fee is refundable under the firm's conditions. Here are its rules in plain English, from our database row last checked against FTMO's official pages on 3 November 2026.

What you need to pass

• Profit target: 10% ($20,000) in phase 1, then 5% ($10,000) in phase 2.
• Daily loss limit: 5% ($10,000). Losing more than this in one trading day breaks the rule.
• Maximum drawdown: 10% ($20,000), a static limit: the floor is fixed below your starting balance and never moves up.
• Minimum trading days: 4.
• Time limit: Unlimited.
• Profit split once funded: 80% to you.

Trading rules

• News trading: Allowed during Challenge/Verification; restricted on funded Standard account (2 min before/after selected releases); unrestricted on Swing account.
• Overnight and weekend holding: Allowed during evaluation; not on funded Standard account; yes on Swing account.
• EAs and automation: Allowed.

What it means in practice

As an illustration, risking 1% of the account per trade ($2,000) gives you room for 5 full losses in a row before the daily limit and 10 before the maximum drawdown. Many traders size smaller, around 0.25–0.5%, so a bad day can't end the account. Use our position size calculator to turn a dollar risk into lots or contracts.

Because the floor is fixed, every dollar of profit adds to your room. That makes the start of the challenge the riskiest part.

Related guides

• FTMO Challenge rules explained
• Daily loss limits explained
• One-step vs two-step challenges
• Full FTMO review

Prop firms change rules and prices often. Confirm the current terms on FTMO's official page before you buy.