Is FTMO Available in Spain?

Key Facts for Spain Traders

FTMO is fully available to Spanish traders without any restrictions or modifications to their standard prop trading program. As a Spain-based trader, you have complete access to FTMO's two-phase evaluation challenge and can trade all available instruments under their standard terms. You can trade forex pairs with up to 1:100 leverage, major indices, and cryptocurrency CFDs through FTMO's platform. The profit targets remain standard: 10% in Phase 1 of the evaluation, followed by 5% in Phase 2. Your daily loss limit is set at 5% of your account balance, with a maximum total drawdown of 10%. Once you pass both phases, you'll receive 80% of profits initially, scaling up to 90% after meeting performance milestones. For Spanish traders, payment processing is straightforward through SEPA bank transfers, which typically process within 1-2 business days for both deposits and withdrawals. You can also use major credit and debit cards, as well as various cryptocurrency payment methods. All transactions are processed in EUR, eliminating currency conversion fees that traders from non-EUR countries often face. The regulatory landscape in Spain works in your favor when trading with FTMO. While the CNMV (Comisión Nacional del Mercado de Valores) regulates Spanish financial markets, foreign prop trading challenges like FTMO's fall outside traditional regulatory scope. This means you face fewer restrictions compared to retail trading accounts offered by Spanish brokers, though it also means less regulatory protection. To get started with FTMO from Spain, visit their website and select your preferred account size, ranging from €10,000 to €200,000. The evaluation fee varies by account size – for example, a €100,000 account costs €540 for the challenge. You'll need to provide standard KYC documentation including a government-issued ID and proof of address dated within the last three months. You can choose from multiple trading platforms: MetaTrader 4, MetaTrader 5, cTrader, or DXtrade. Most Spanish traders prefer MT4 or MT5 due to familiarity, but cTrader offers superior order execution and a more modern interface. All platforms support Expert Advisors and automated trading strategies, giving you flexibility in your trading approach. Time zone considerations work well for Spanish traders since you're in the Europe/Madrid timezone (CET/CEST). This aligns perfectly with European market hours and provides good coverage of both London and New York sessions. You'll have active trading opportunities from early morning through late evening. Be aware that FTMO restricts trading during high-impact news events, typically for 2 minutes before and after major announcements. They provide a news calendar showing restricted periods. Weekend gap trading is also prohibited, and you must close positions before market close on Fridays. Your profit withdrawals are processed monthly, with the first withdrawal available 14 days after your first trade on the funded account. Subsequent withdrawals follow a monthly schedule. FTMO typically processes Spanish withdrawal requests within 1-2 business days via SEPA transfer. Consider the tax implications of prop trading profits in Spain. While FTMO handles the trading account, you're responsible for declaring profits according to Spanish tax law. Prop trading profits are generally treated as capital gains, subject to rates ranging from 19% to 28% depending on the amount. Keep detailed records of all trading activity and consult a Spanish tax professional for specific guidance. FTMO's customer support operates during European business hours, making it convenient for Spanish traders to get assistance. They offer support in multiple languages, though English is the primary language for most communications. With a 4.8/5 trust score based on over 40,000 reviews, FTMO maintains a strong reputation among Spanish traders. Their Prague headquarters and European focus make them a natural choice for traders in Spain seeking prop trading opportunities without geographic restrictions.

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