If you’re doing a prop firm evaluation with FTMO, you’ll probably want to know if it’s possible to retake or repeat your FTMO Challenge. Luckily, this is possible under the right circumstances. In this article, we’ll take you through the FTMO Free Repeat.
FTMO Free Repeat & Retake explained
The rules for getting a free second chance are pretty simple: you must end the trading period with more in your account than you started with, and you mustn’t have broken any other rules. To break it down, this means:
- With all positions closed, you must end the trading period with your account in profit. It doesn’t matter if the trading period is your FTMO Challenge or Verification.
- You must not have breached any of the Trading Objectives, i.e. the maximum daily and overall loss limits.
- You must have traded for a minimum of 10 days. These days don’t have to be consecutive. You simply need to have placed one trade per day, 10 times.
You can read more about the FTMO rules here.
You should also bear in mind that you can extend your FTMO Challenge by two weeks if you have respected the above criteria and your account is in more than 5% profit on Normal Risk, or 10% on Aggressive, three days before the end of the trading window. This is in terms of both balance and equity. To clarify, the extension is 14 calendar days. If you’re eligible for an extension, you must activate it on either the 28th or 29th calendar day of your trading period. It won’t be available on the last day (the 30th).
If, after the extension, you still don’t hit the profit target but your account finishes the trading period in profit and you’ve respected the rules, you should still be eligible for the free retake.
Note that if you violate any of the trading objectives, there is nothing stopping you from ordering a new FTMO challenge. However, you should bear in mind that FTMO don’t offer any discounts for repeated paid attempts.