FT Mogul prop firm is a proprietary trading firm that was established in 2024, making it young and inexperienced in its sector. The firm offers two funded account types, standard, and one-phase quick evaluations. The funded options range from 10k to 100k USD, which is a bit restrictive. The profit split is 80% and traders can get up to 90%, which is very competitive. The pricing starts at 99 USD for the 10k USD standard (2-step) account, which is competitive.
In this unbiased FT Mogul review, we will review the firm’s safety, rules, funded options, types, assets, pricing, platforms, support, and more.
Pros
- Ability to withdraw with $0 fees
- Offers access to MetaTrader 5
- Fast and digital account opening/verification
- Offers access to FX pairs, commodities, indices, cryptos
- Most payment options are free and instant
Cons
- Lacks trader reviews to evaluate its reliability
- No hotline or multilingual support
- Lacks educational resources
- Strict rules on 1-step accounts
Quick rating of FT Mogul and its features
| FPA Score | No rating |
| Year founded | 2024 |
| Headquarters | Rathcoole Dublin, Ireland |
| Minimum audition fee | 99 USD |
| Fees on withdrawals | 0 USD |
| Minimum funded amount | 10,000 USD |
| Maximum funded amount | 100,000 USD |
| Allowed daily loss | 3% |
| Profit target | 8% |
| Maximum trailing drawdown | 6% |
| Profit sharing (Payouts) | 80% (Up to 90%) |
| Trading Platforms | MetaTrader 5 |
| Available trading markets | FX pairs, commodities, indices, cryptos |
Safety of FT Mogul – 1.5
There are no FT Mogul reviews on the Forex Peace Army (FPA), which is a serious downside. On the Trustpilot, the firm has no reviews either, which is a major red flag. The lack of reading reviews is a serious issue that makes it impossible to evaluate how the firm is seen by traders and what their experience is. When it comes to experience, the firm was launched in 2024, making it inexperienced in the prop trading industry. When it comes to brokers, the firm is backed by ThinkMarkets, which is a regulated FX broker.
The firm gets a 1.5 score in this section as it is backed by a regulated broker but lacks all other safety features.
FT Mogul Funding and Maximum Capital Allocation – 3
FT Mogul funded programs are two, 1-step (quick evaluation) and standard (2-step). These accounts are very similar and only differ in their rules and profit target requirements. The list of FT Mogul funding options includes 10k, 25k, 50k, and 100k USD. The 2-step FT Mogul challenges require traders to hit profit targets in two phases while 1-step only has one evaluation phase and 1 profit target.
FT Mogul scaling plan is available and allows traders to grow their accounts to up to 5,760,000 USD in virtual funding, which is more than enough to command serious buying power.
Overall, the firm gets a 3 score in this section.
FT Mogul Assets – 3
FT Mogul prop trading is possible by speculating a range of popular markets including FX pairs, commodities, indices, and crypto pairs. The firm allows access to CFDs which makes crypto trade execution lightning fast. The basic leverage is 1:50 but traders can increase it up to 1:100. Commodities and indices have 1:20 leverage and cryptos offer only 1:2.
In the end, the firm gets a 3 score in this section.
FT Mogul Trading rules and limitations – 1.2
FT Mogul rules are different depending on the funded account type selected. Let’s compare the rules for FT Mogul challenge types to define which one is more attractive.
The Standard FT Mogul (2-step) challenge has the following requirements:
- Profit target – 8%, 5% (phase 1 and 2)
- Daily risk limit – 5%
- Maximum drawdown – 8%
- Leverage – Up to 1:100
The One-Phase quick funding challenge by FT Mogul requires the following:
- Profit target – 10%
- Daily risk limit – 3%
- Maximum drawdown – 6%
- Leverage – Up to 1:30
As we can see, the 2-step challenge has more forgiving conditions than the 1-step account. The profit target is also higher on the 1-step challenge while the 2-step requires a moderate 8% profit target in phase 1 and even lower 5% on phase 2.
Overall, the firm gets a 1.2 score in this section.
FT Mogul Fees – 3.5
The pricing starts at 99 USD for the 2-step, and 109 for the 10k 1-step challenge. Let’s compare the pricing for each account to define which one is the most attractive.
The standard FT Mogul pricing is as follows:
- Funded amount: 10,000 USD – One-time fee: 99 USD
- 25k USD – 199 USD
- 50k USD – 349 USD
- 100k USD – 589 USD
The one-phase FT Mogul pricing is:
- Funded amount: 10,000 USD – One-time fee: 109 USD
- 25k USD – 219 USD
- 50k USD – 389 USD
- 100k USD – 649 USD
FT Mogul free trial is not available and the FT Mogul free repeat is not offered either, which is a downside as traders can not test conditions or start over for free.
Overall, the firm gets a 3.5 score in this section.
FT Mogul Platforms – 3.9
When it comes to trading platforms, the firm allows access to advanced trading software MetaTrader 5 (MT5). The platforms offer custom indicators and Expert Advisors (EAs) support, which is very useful. Mobile trading is available via the MT5 mobile app. The fact that the firm won’t allow the use of EAs is a serious downside.
As a result, the firm gets a 3.9 score in this section.
FT Mogul Profit-Sharing – 3
FT Mogul profit split is 80% for both challenge types. However, traders can get up to 90% using paid add-ons, which is competitive. Withdrawals are not charged which is good for commission-free profit withdrawals. The firm has slightly longer processing times.
Overall, FT Mogul gets a 3 score in the profit-sharing section.
Education and trading tools at FT Mogul – 0
The firm lacks comprehensive educational resources like webinars, trading courses, or video guides, which is a big downside for beginners. There is a trading blog but it is not useful to replace trading education. There are no tools either to help traders enhance their trading accuracy.
As a result, the firm gets a 0 score in this section.
Customer Support at FT Mogul – 2.4
Customer support at FT Mogul is provided via live chat and email. However, there is no phone support, which is an issue.
Frequently Asked Questions on FT Mogul
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