Funded Trader Markets (FTM) has released a consolidated specification covering the simulated trading programmes it operates across more than 160 countries. The firm processed its first trader rewards on 9 August 2024. FTM operates in the proprietary trading firm space, an industry in which traders pay fees to attempt evaluations or buy access to simulated funded accounts and share in simulated profits; because the capital is simulated rather than client or firm money deployed in live markets, firms' rules on loss limits, consistency and payout timing determine the practical terms of the offer.

1-Step Nitro sets a 10% profit target, paired with a 4% daily loss limit and a 6% overall limit that trails the highest balance until a 6% profit is reached, after which it fixes to the initial balance. A minimum of five trading days applies once a trader is simulated-funded. Consistency requirements are 50% during evaluation and 45% when funded. Profit share is 90% on the first $10,000 of simulated profits and 80% thereafter. Trailing overall limits of this kind are a common mechanism in the industry, since they tighten effective drawdown headroom as an account grows, so the point at which the limit stops trailing — here, at 6% profit — is a key differentiator between programmes.

2-Step Plus requires an 8% target in the first phase followed by a 5% target, against a 4% daily limit and a 10% balance-based static drawdown. Each phase requires three trading days, rising to five once funded, and no consistency rule applies at the funded stage. Multi-phase evaluations of this structure are widely used across the sector as a screening format before simulated funded status is granted.

Instant Funding opens a simulated funded trading account without evaluation across Standard, Pro and Plus tiers. Each tier carries a 3% daily limit, overall limits of 5%, 3% and 6% respectively, a 15% consistency rule and profit share of up to 80%.

Account sizes range from $5,000 to $300,000. At the $100,000 level, promotional pricing is $249 for 1-Step Nitro (reduced from $622), $399 for 2-Step Plus (from $998), and $330 for Instant Pro (from $600). No programme carries an activation fee or a time limit. Simulated allocation is capped at $1,000,000 per trader, split between $600,000 across evaluations and $400,000 across instant funding.

Trading covers 76 instruments: 27 forex pairs, two metals, two energies, six indices and 39 cryptocurrencies. All accounts are swap-free at no extra charge. Commission is $7 per lot on forex, metals and energies, and zero on indices and cryptocurrencies. Forex leverage reaches 1:100, easing to 1:50 on $200,000 and $300,000 funded accounts, with commodities at 1:30 during evaluation, Bitcoin and Ethereum at 1:5 and other cryptocurrencies at 1:2.

Traders can choose between MetaTrader 5, cTrader, TradeLocker or Match-Trader platforms. Rewards are requested on demand once criteria are met, with a minimum request of 1% of the starting balance, and are paid within 24 hours or doubled. The firm reports an average payout time of 26 minutes 22 seconds. Payout reliability and speed have been a recurring point of scrutiny in the proprietary firm industry, which has prompted some firms to publish payout-time disclosures of this kind. Accounts are verified through KYCAid before the simulated funded stage, and support operates 24 hours a day, seven days a week. Services are unavailable to residents of Cuba, Syria, Iran, Lebanon, Iraq, Yemen, North Korea and Cyprus.