FT Mogul provides a unique opportunity for retail traders to amplify their trading success by offering access to funded accounts. With clear rules, transparent payouts, and the backing of a reputable broker, FT Mogul aims to support disciplined traders in achieving their financial goals. This review explores the key features, benefits, and potential drawbacks of FT Mogul, helping you determine if it’s the right fit for your trading needs.

FT Mogul Review: Key Details to Consider

What is FT Mogul?

FT Mogul is a private trading firm that provides retail traders with access to a funded trader program. After passing a paid assessment, traders receive a trading account funded by the firm’s capital. The firm compensates traders based on their performance.

Am I Trading Real Money?

FT Mogul’s program operates in a simulated trading environment where no actual funds are traded. All transactions use virtual money, meaning no real capital is at risk during the assessment phase.

Does FT Mogul Provide Proof of Payouts?

FT Mogul asserts that it has paid significant amounts to traders since its launch. These claims are supported by payout certificates, which are available for verification within the company’s Discord community.

Are There Any Recurring Fees to Join FT Mogul?

FT Mogul does not impose recurring fees after the initial sign-up. The sign-up fee covers all related costs, including access to assessments, market data, and trading platforms. However, if a trader fails the assessment, they must pay a fee to retake the test.

Trading Capital and Accessibility

FT Mogul allows traders to access trading capital remotely, with only an internet connection required. The program is designed to grant quick access to significant capital.

Trading Flexibility

FT Mogul supports various trading styles, including scalping and news trading. Traders can choose the approach that best fits their strategy.

Holding Positions Over Weekends

Traders with long-term strategies can hold positions overnight and over the weekend, offering flexibility for extended trading approaches.

Leverage Options

FT Mogul provides leverage up to 1:100, allowing traders to potentially enhance returns with disciplined trading practices.

Profit Split

FT Mogul offers a profit split arrangement where traders can keep up to 90% of their profits by purchasing an add-on.

Trading Environment and Conditions

FT Mogul aims to offer a clear and transparent trading environment, helping traders make informed decisions.

Community and Support

FT Mogul encourages traders to connect with others through its social media platforms to improve decision-making. The firm also provides 24/7 support, with specialists available to assist traders at all stages.

Trading Platforms

Traders at FT Mogul have access to the DX Trader platform, which ensures continuity in trading activities despite changes in regulations.

Account Scaling

FT Mogul offers a rapid scaling program, enabling traders with strong performance to increase their account size up to $6,938,894, without impacting payout eligibility.

FT Mogul Funding Programs: Standard vs. One-Phase Quick Funding

FT Mogul offers two primary funding programs for traders: the Standard Funding Program and the One-Phase Quick Funding Program. Both programs provide access to trading capital but differ in terms of requirements, costs, and scaling potential. Below is a detailed comparison and explanation of both options to help traders choose the program that best suits their needs.

Standard Funding Program

The Standard Funding Program at FT Mogul is designed for traders who prefer a more structured path to securing trading capital. This program involves a multi-phase assessment where traders must achieve specific profit targets while adhering to drawdown and loss limits.

• Account Sizes: Available in $10,000, $25,000, $50,000, and $100,000 options.
• Profit Target: Requires traders to hit an 8% target in the first phase and a 5% target in the second phase.
• Max Drawdown: Capped at 8% across all account sizes.
• Daily Loss Limit: Set at 5% for all accounts.
• Leverage: Up to 1:100.
• Profit Split: Starts at 80%, with the potential to scale up to 90% based on performance.
• Scaling Potential: Account sizes can scale up to $693,889 for the $10,000 account, $1,734,723 for the $25,000 account, $3,469,447 for the $50,000 account, and $6,938,894 for the $100,000 account.
• One-Time Payment: $99 for the $10,000 account, $199 for the $25,000 account, $349 for the $50,000 account, and $589 for the $100,000 account.

One-Phase Quick Funding Program

The One-Phase Quick Funding Program is geared towards traders looking for faster access to trading capital with a single-phase assessment. This program simplifies the process by requiring only one profit target before traders can access their funded accounts.

• Account Sizes: Also available in $10,000, $25,000, $50,000, and $100,000 options.
• Profit Target: A single profit target of 10% is required across all account sizes.
• Max Drawdown: Set at 6%, offering slightly tighter risk management compared to the Standard Program.
• Daily Loss Limit: More conservative, at 3% daily across all accounts.
• Leverage: Similar to the Standard Program, offering up to 1:100.
• Profit Split: Begins at 80%, with the potential to scale up to 90%, akin to the Standard Program.
• Scaling Potential: Account sizes can scale to the same levels as the Standard Program, with $693,889 for the $10,000 account, $1,734,723 for the $25,000 account, $3,469,447 for the $50,000 account, and $6,938,894 for the $100,000 account.
• One-Time Payment: Slightly higher at $109 for the $10,000 account, $219 for the $25,000 account, $389 for the $50,000 account, and $649 for the $100,000 account.

Comparison and Considerations

The choice between the Standard and One-Phase Quick Funding Programs largely depends on a trader’s preference for speed and risk tolerance. The Standard Program offers a more gradual path with multiple phases and slightly more lenient daily loss and drawdown limits. In contrast, the One-Phase Quick Funding Program provides faster access to capital but with more stringent risk management rules and a single, higher profit target. Both programs offer similar leverage, profit split potential, and account scaling opportunities, ensuring that traders can grow their accounts significantly regardless of the program chosen. However, the One-Phase Quick Funding Program is slightly more expensive, reflecting the accelerated funding process it offers. Ultimately, traders who prefer a structured, multi-phase approach with potentially lower initial costs might lean towards the Standard Funding Program. Those seeking quicker access to capital and are confident in meeting a higher profit target in a single phase may find the One-Phase Quick Funding Program more appealing.

FT Mogul: General Questions and Information

Am I Allowed to Hold Trades Over the Weekend?

Yes, FT Mogul permits traders to keep their positions open over the weekend without any restrictions on trade durations. This offers flexibility for traders with longer-term strategies.

What is the Difference Between One-Step and Two-Step Evaluation?

The traditional two-step evaluation requires traders to pass two consecutive assessments before receiving a funded account. This has been the standard in the prop firm industry. However, FT Mogul offers a modern One-Step Evaluation, where traders need only pass a single assessment to obtain a funded account, streamlining the process.

Is a Trading License Required to Trade for FT Mogul?

No, a trading license is not required. FT Mogul welcomes traders from all over the world, regardless of their licensing status.

Can I Get a Free Trial of the Platform?

Currently, FT Mogul does not offer free trials of its trading platform.

Why Should I Join FT Mogul?

FT Mogul provides traders with an opportunity to grow their capital rapidly through its funding programs. The firm is designed to help profitable traders maximize their success by offering a comprehensive, tailored solution that includes access to significant trading capital and performance-based rewards.

What Are the Requirements to Be Part of FT Mogul?

To join FT Mogul, traders need to pay a one-time sign-up fee and be at least 18 years of age. Once these criteria are met, traders can begin their journey with FT Mogul.

How Do I Sign Up with FT Mogul?

To sign up, choose the appropriate funding program and desired funding amount on the FT Mogul website, then proceed with the one-time payment. After your payment is confirmed, FT Mogul will send you the details of your funded account via email.

Am I Guaranteed Funding After Passing?

FT Mogul generally provides funding to traders who successfully pass the assessment. However, in rare cases, the firm may choose not to provide funding if a trader’s strategy is deemed incompatible with the firm’s risk management criteria or if there is insufficient data for evaluation. In such cases, FT Mogul may recommend a reassessment or offer a refund.

Can I Lose More Than I Invest in Forex?

No, with FT Mogul, traders cannot lose more than their initial investment. The only cost involved is the one-time sign-up fee, and there are no further investments required in Forex trading.

What Broker Does FT Mogul Utilize?

FT Mogul’s DX Trader accounts are hosted by ThinkMarkets, a well-established and reputable broker.

How Much Leverage Can I Trade With?

FT Mogul offers different leverage options depending on the trading instrument:

• Forex: Default leverage is 1:50, with the option to enhance it to 1:100.
• Indices and Commodities (including oil and metals): Maximum leverage of 1:20.
• Cryptocurrencies: Maximum leverage of 1:2.

Choosing higher leverage can increase your purchasing power, but it also increases your risk exposure.

Can I Have More Than One Account?

Yes, traders are allowed to have multiple accounts at FT Mogul, as long as they are used for different products and strategies. The firm places a cap of $1,000,000 on the total allocation to each trader and permits a maximum of four accounts at any one time.

Are There Any Recurring Fees to Join FT Mogul?

No, FT Mogul does not charge recurring fees. The initial sign-up fee covers all necessary costs, including access to market data and the trading platform. However, if a trader fails the assessment, they will need to pay a fee to retake the test.

Do You Have Any Proof of Payouts?

FT Mogul claims to have distributed substantial payouts to traders since its inception. Proof of these payouts is available in the form of certificates, which can be reviewed within the company’s Discord community.

Am I Trading Real Money?

No, traders at FT Mogul operate within a simulated environment using virtual funds. This means no real capital is at risk during the trading process.

What is FT Mogul?

FT Mogul is a private trading firm that offers retail traders the opportunity to participate in a funded trader program. After successfully completing a paid assessment, traders receive a funded trading account backed by the firm’s capital. Compensation is provided through a performance fee. FT Mogul is not a financial services provider and does not offer brokerage accounts; all the capital in the funded trader program is owned by FT Mogul.

FT Mogul: Trading Environment and Conditions

What is Your Performance Fee?

FT Mogul offers a performance fee to traders based on the profits they generate within their funded accounts. When configuring your assessment, you have the option to choose enhanced performance fee levels of 80% or 90% by selecting relevant add-ons.

Can I Hold Positions Overnight?

Yes, FT Mogul allows traders to hold their positions overnight, providing flexibility for various trading strategies.

Can I Have a Funded Account in Another Currency?

Yes, FT Mogul offers funded accounts in multiple currencies, including US dollars (USD), Euros (EUR), and British Pounds (GBP), allowing traders to choose the currency that best suits their needs.

Can I Complete My Assessment with Another Broker?

No, all assessments and funded trading activities must be conducted through ThinkMarkets, FT Mogul’s partnered brokerage firm.

Do You Allow VPS?

Yes, FT Mogul supports the use of Virtual Private Servers (VPS) for hosting expert advisors, which can facilitate automated trading strategies.

Can I Use a High-Frequency Trading Strategy?

No, FT Mogul does not permit high-frequency trading (HFT) strategies. The firm prefers to collaborate with traders using strategies that can be replicated and monetized effectively, which is often challenging with HFT.

Can I Use Automated Strategies or Custom Indicators to Trade?

Yes, FT Mogul allows the use of automated strategies and custom indicators. Whether you trade manually or with an Expert Advisor (EA), the key requirement is that the strategy is one you have developed yourself, not one acquired solely for passing the assessment.

How Much Leverage Can I Trade With?

FT Mogul offers different leverage options depending on the trading instrument:

• Forex: Default leverage is 1:50, with the option to enhance it to 1:100.
• Indices and Commodities (including oil and metals): Maximum leverage of 1:20.
• Cryptocurrencies: Maximum leverage of 1:2.

Choosing higher leverage can increase your purchasing power but also increases your exposure and risk.

What Instruments Can I Trade?

Through ThinkMarkets, FT Mogul provides access to a wide range of trading instruments, including currency pairs, cryptocurrencies, precious metals, oil, and indices, giving traders the opportunity to diversify their portfolios.

What Are the Commissions?

FT Mogul applies a commission of $7 per lot for trading currencies, metals, and cryptocurrencies. However, there are no commission charges for trading oil or indices, making these options more cost-effective for traders.

Do You Have Any Payout Proof?

FT Mogul claims to have distributed substantial payouts to traders, with proof available in the form of certificates. These can be reviewed within the company’s Discord community.

Am I Trading Real Money?

No, traders at FT Mogul operate within a simulated environment using virtual funds. This means that no real capital is at risk during the trading process, providing a safe environment for assessment.

What is FT Mogul?

FT Mogul is a private trading company that offers retail traders the opportunity to participate in a funded trader program. After successfully completing a paid assessment, traders receive a funded trading account provided by the company. Compensation is delivered through a performance fee based on trading success. It’s important to note that FT Mogul is not a financial services provider and does not offer brokerage accounts; all capital in the funded trader program is owned by FT Mogul.

FT Mogul: Trading Rules and Guidelines

Am I Allowed to Hold Trades Over the Weekend?

Yes, FT Mogul permits traders to hold their positions over the weekend without any restrictions on trade durations. This flexibility allows traders to manage their positions according to their strategies.

Am I Guaranteed Funding After Passing?

While FT Mogul generally provides funding to traders who pass the assessment, there are rare cases where funding may not be extended. This could occur if a trader’s strategy does not align with FT Mogul’s risk tolerance or if there is insufficient data for evaluation. In such cases, FT Mogul may suggest a reassessment or offer a refund.

Do I Forfeit the Profits in My Funded Account if I Breach the Daily or Max Loss?

Yes, breaching the daily loss limit or the overall loss limit will result in the loss of any profits in your funded account.

What Happens If I Don’t Trade for Several Weeks?

If you do not open, close, or modify any positions for 30 consecutive days or more, your account will be closed due to inactivity. If you have a funded account, you will retain the performance fee derived from profits made before the account was closed. However, you will need to reattempt the assessment if your account is terminated due to inactivity.

What Happens After Passing the Assessment?

Once you successfully pass the assessment, you will receive a funded account with FT Mogul, allowing you to trade using the firm’s capital through a DX Trader account.

Do I Have to Place a Stop Loss on My Trades?

Yes, FT Mogul requires the use of stop loss and take profit orders as part of its risk management policy. If a position is opened without a stop loss, it will be automatically closed, potentially resulting in losses due to spreads and commissions. However, you can purchase an add-on during the assessment setup that allows you to trade without a stop loss, though this comes at a 10% surcharge.

What is the Maximum Exposure I Can Have in My Account?

FT Mogul enforces strict exposure limits to mitigate risk. The maximum number of lots you can open at any one time depends on your account size and leverage. For example, with a $25,000 account and 1:10 leverage, the maximum exposure is 2.5 lots, which increases to 5 lots if the leverage is raised to 1:20. If you set a stop loss at break-even or in profit, you may open additional positions within the exposure limits.

What is the Max Trailing Loss Rule?

The max trailing loss rule is triggered if your account equity experiences a drawdown of 10% from its high watermark. The high watermark represents the peak equity value in your account and only increases with profits; losses do not reduce it. Once you achieve a 10% profit in your funded account, the max trailing loss becomes fixed at your starting balance.

What is the Max Daily Loss Rule?

If your account equity drops by 5% or more within a single day, the max daily loss rule is triggered. This rule is calculated based on the equity drop from the previous day’s end-of-day balance at 21:00 UTC.

How Do I Pass an Assessment?

To pass the FT Mogul assessment, you need to achieve a 10% profit in your account. The assessment is complete when your account equity reaches or exceeds 10% of the initial balance, at which point all open trades will be automatically closed.

Can I Use an Expert Advisor (EA)?

Yes, FT Mogul allows the use of Expert Advisors (EAs) or automated trading strategies, provided you are the developer or have customized a commercial robot for your trading strategy.

Can I Use a High-Frequency Trading Strategy?

No, FT Mogul does not support high-frequency trading (HFT) strategies due to their difficulty in monetization and replication.

Can I Use Automated Strategies or Custom Indicators to Trade?

Yes, FT Mogul permits the use of automated strategies and custom indicators, whether you prefer manual trading or utilizing an Expert Advisor (EA). The critical requirement is that the strategy must be one you have developed or customized yourself.

How Much Leverage Can I Trade With?

FT Mogul offers varying leverage depending on the instrument:

• Forex: Default leverage is 1:50, with an option to enhance it to 1:100.
• Indices and Commodities (including oil and metals): Maximum leverage is 1:20.
• Cryptocurrencies: Maximum leverage is 1:2.

Higher leverage increases purchasing power but also amplifies risk exposure.

What Instruments Can I Trade?

Through ThinkMarkets, FT Mogul provides a wide range of trading instruments, including currency pairs, cryptocurrencies, precious metals, oil, and indices.

What Are the Commissions?

FT Mogul charges a commission of $7 per lot for trading currencies, metals, and cryptocurrencies. Trading oil or indices incurs no commission charges.

Can I Have More Than One Account?

Yes, FT Mogul allows traders to have multiple accounts, provided they are used for different products and strategies. A maximum of four accounts is permitted, with a total allocation cap of $1,000,000 per trader.

Am I Trading Real Money?

No, traders at FT Mogul operate in a simulated environment using virtual funds. This ensures that no real money is at risk during the trading process.

FT Mogul: Program Details and FAQs

What is Your Performance Fee?

FT Mogul offers a performance fee to funded traders based on the profits generated within their funded accounts. During the assessment setup, traders can select enhanced performance fee levels of 80% or 90% by incorporating relevant add-ons.

Am I Guaranteed Funding After Passing?

While FT Mogul generally provides funding to traders who successfully pass the assessment, there are rare occasions where funding may not be extended. This could occur if a trader’s strategy does not align with FT Mogul’s risk management criteria or if there is insufficient data for evaluation. In such cases, FT Mogul may recommend a reassessment or offer a refund.

How Much Money Do I Need to Start?

To start with FT Mogul, you only need to pay a one-time fee, which starts at $99, to participate in the challenge. This fee covers all costs associated with the assessment.

Can I Lose More Than I Invest in Forex?

No, with FT Mogul, you cannot lose more than your initial investment. The only cost involved is the one-time sign-up fee, and there are no additional investments required for Forex trading.

What Platforms Do You Support?

Currently, FT Mogul supports the DX Trader platform. The firm is working on integrating other trading platforms in the future to offer more options to traders.

What Broker Do You Utilize?

FT Mogul’s DX Trader accounts are hosted by ThinkMarkets, a well-established and reputable broker known for its reliable trading infrastructure.

Can I Use an Expert Advisor (EA)?

Yes, FT Mogul allows the use of Expert Advisors (EAs) or automated trading strategies, provided you are the developer or have customized a commercial robot to fit your trading strategy.

How Much Leverage Can I Trade With?

FT Mogul offers varying leverage options depending on the trading instrument:

• Forex: Default leverage is 1:50, with an option to enhance it to 1:100.
• Indices and Commodities (including oil and metals): Maximum leverage is 1:20.
• Cryptocurrencies: Maximum leverage is 1:2.

Choosing higher leverage can increase your purchasing power but also amplifies your risk exposure.

What Instruments Can I Trade?

FT Mogul, in collaboration with ThinkMarkets, provides access to a wide range of trading instruments, including currency pairs, cryptocurrencies, precious metals, oil, and indices.

What Are the Commissions?

FT Mogul charges a commission of $7 per lot for trading currencies, metals, and cryptocurrencies. However, there are no commission charges for trading oil or indices, making these options more cost-effective for traders.

Are There Any Recurring Fees to Join FT Mogul?

No, FT Mogul does not charge recurring fees. The initial sign-up fee covers all necessary costs, including access to market data and the trading platform. However, if a trader fails the assessment, they will need to pay a fee to retake the test.

Can I Change My Evaluation Challenge After Completing the Payment?

Generally, changes to the evaluation challenge after payment are not possible. This includes situations where an incorrect account type is selected or an add-on is overlooked. However, FT Mogul encourages traders to reach out to their support team to explore potential solutions.

Am I Trading Real Money?

No, traders at FT Mogul operate within a simulated environment using virtual funds. This ensures that no real capital is at risk during the trading process, providing a safe environment for assessment.

What is FT Mogul?

FT Mogul is a private trading company that offers retail traders the opportunity to participate in a funded trader program. After successfully completing a paid assessment, traders receive a funded trading account backed by the firm’s capital. Compensation is provided through a performance fee based on trading success. FT Mogul is not a financial services provider and does not offer brokerage accounts; all capital in the funded trader program is owned by FT Mogul.

FT Mogul: Billing and Payout FAQs

How and When Can I Get a Payout?

Once you have a funded account with at least a 1% profit, you can request a payout at any time. Payouts are processed within 36 business hours after receiving your invoice. Available payout methods include bank transfer, PayPal, or USDT. Each trader is entitled to two free withdrawals per month; additional withdrawals are subject to a fee of US$50.

When Can I Receive the Performance Fee from My Funded Account?

Traders can withdraw their earnings 24 hours after receiving their funded account. FT Mogul encourages traders to withdraw profits to avoid excessive risk, but if you prefer to leave profits in your account to compound and grow, that option is available as well.

Is the Assessment Fee Refundable?

Yes, the assessment fee is refundable. After achieving a 10% profit in your funded account, FT Mogul will refund your assessment fee along with your profit share payout. However, add-ons are non-refundable, and the assessment fee refund applies only the first time you scale a funded account.

What is Your Performance Fee?

FT Mogul offers a performance fee to traders based on the profits generated in their funded accounts. During the assessment setup, traders can choose to enhance their performance fee to 80% or 90% by adding specific add-ons.

Are There Any Recurring Fees to Join FT Mogul?

No, FT Mogul does not charge recurring fees. The initial sign-up fee covers all costs associated with the assessment, including access to market data and trading platforms. If a trader fails the assessment, they will need to repurchase the assessment for another attempt.

Do You Have Any Payout Proof?

FT Mogul claims to have disbursed substantial amounts to traders since its inception, and this is supported by payout certificates. These certificates can be verified within the company’s Discord community.

Can I Change My Evaluation Challenge After Completing the Payment?

In general, changes to the evaluation challenge after payment are not possible, including instances where an incorrect account type is selected or an add-on is overlooked. However, FT Mogul encourages traders to contact their support team to explore potential solutions.

Conclusion: Is FT Mogul the Right Choice for You?

FT Mogul offers a compelling proposition for retail traders looking to leverage a funded account to maximize their trading potential. The firm provides a structured path to obtaining significant trading capital through its funded trader program, which is accessible after successfully completing a paid assessment. With flexible options for performance fees, traders have the opportunity to retain a substantial portion of their profits, making this an attractive option for those confident in their trading abilities. The firm’s reliance on the DX Trader platform, hosted by the reputable broker ThinkMarkets, ensures a stable and reliable trading environment. However, the current limitation to a single trading platform might be a drawback for traders accustomed to other platforms. FT Mogul’s plan to integrate additional platforms in the future may alleviate this concern, broadening its appeal to a more diverse range of traders.

One of the standout features of FT Mogul is its commitment to transparency and fairness, as evidenced by its clear rules on payouts, the potential for an assessment fee refund upon success, and the provision of proof of past payouts. This transparency fosters trust and gives traders confidence in the firm’s ability to deliver on its promises. Additionally, the firm’s policies around leverage, exposure limits, and risk management underscore a responsible approach to trading, aimed at protecting both the trader and the firm. On the downside, FT Mogul’s strict rules—such as the mandatory use of stop-loss orders (unless an add-on is purchased) and the potential for account closure due to inactivity—might be seen as restrictive by some traders.

Furthermore, the fact that traders operate in a simulated environment rather than trading real money could be a point of contention for those seeking the experience of live markets. In conclusion, FT Mogul is a solid choice for traders who are disciplined, confident in their strategies, and looking for a transparent and structured path to trading with significant capital. The firm’s offerings cater well to traders who are comfortable with the DX Trader platform and who appreciate a firm with clear rules and risk management policies. While there are areas where FT Mogul could expand its offerings—such as by adding more trading platforms and easing some restrictions—the firm’s current model provides a strong foundation for traders aiming to scale their trading efforts through a funded account. Whether FT Mogul is the right choice ultimately depends on your trading style, platform preference, and how well you align with the firm’s structured approach.