Ft Mogul is a prop firm operating since March 2023 with benefits and features like a leverage up to 1:100, a maximum profit split of 90% (with additional fee), and scalable funding up to approx. $6.9M.
If you are interested in checking out the firm's specifics in detail, read this FT Mogul review. We will have an in-depth look in the company's evaluation programs, commissions, customer services, and more.
Company Details and Important Information
FT Mogul stepped into the prop trading scene in March 2023, setting up shop in Ireland with a clear mission: to revolutionize the trading landscape by providing accessible funding to talented traders without the burden of debt. The company is headquartered at 1 Inniscarra Main Street Rathcoole Dublin, Ireland D24 EO29.
Summary of Services and Features
The prop firm offers a range of features designed to attract and support talented traders. Here's a comprehensive summary of what FT Mogul brings to the table:
Account Currency | USD, EUR, GBP |
Minimum Price | $99 |
Maximum Leverage | 1:100 |
Maximum Profit Split | 90% |
Instruments | Forex, Crypto, Metals, Oils, and Indices |
Assets | Not Specified |
Evaluation Steps | 1-Step, 2-Step |
Withdrawal Methods | USDT, Bank Transfers, PayPal |
Maximum Fund Size | $6.9M |
First Profit Target | 8% |
Max. Daily Loss | Up to 5% |
Challenge Time Limit | No Limits |
News Trading | Allowed |
Maximum Total Drawdown | Up to 8% |
Trading Platforms | DX Trader |
Commission Per Round Lot | $7 for Forex, Metals, and Cryptocurrencies None for Oils and Indices |
Trustpilot Score | Not Rated |
Payout Frequency | Bi-weekly |
Established Country | Ireland |
Established Year | 2023 |
Advantages And Disadvantages of FT Mogul
When considering this firm as your prop trading partner, it's crucial to weigh both the advantages and disadvantages. Here's a balanced look at FT Mogul's pros and cons:
Advantages | Disadvantages |
High Capital Access of Up to $6.9M | Trading Platform Limited to One Option |
Generous Profit Split of Up to 90% | Strict Rules and Difficult Evaluation |
Partnership with a Regulated Broker | - |
Diverse Instruments | - |
What Are The Funding Options and Account Prices?
The prop firm offers an option for scaling funds beside of the default available funding. Funding Levels and Initial Fees in FT Mogul:
Funding | Scalable Up to | 1-Step Price | 2-Step Price |
$10,000 | ~$690K | $109 | $99 |
$25,000 | ~$1.7M | $219 | $199 |
$50,000 | ~$3.5M | $389 | $349 |
$100,000 | ~$6.9M | $649 | $589 |
Evaluation Phases and Account Rules
FT Mogul offers two different evaluation paths for traders seeking funding: the Standard and the On-Phase Quick Funding. The former is based on a two-step model.
No time limits of any kind are applied to any of these challenges. Also, various trading styles (scalping, news trading, and so on) are accepted. Besides, holding positions overnight and over the weekend is allowed. We will investigate each program more in the next sections.
Standard
The 2-step challenge follows a more traditional prop firm evaluation model, more suitable for less experienced traders. Here are the rules:
Profit Target | 8%-5% |
Max. Total Drawdown | 8% |
Max. Daily Loss | 5% |
Max. Leverage | 1:100 |
Profit Split | 80% (Scalable Up to 90%) |
One-Phase Quick Funding
This 1-step challenge is designed for experienced traders looking for rapid access to funded accounts. Evaluation Details:
Profit Target | 10% |
Max. Total Drawdown | 6% |
Max. Daily Loss | 3% |
Max. Leverage | 1:100 |
Profit Split | 80% (Scalable Up to 90%) |
FT Mogul Bonuses and Promotions
As of the latest information available, the firm does not offer any specific bonuses or promotions beyond its core funded trader program. However, like with many other prop firms, there are occasionally promo codes on third-party websites for FT Mogul.
Check out these sources in order to get your hands on the latest discount codes available.
Tradable Instruments and Assets
As stated on the FT Mogul's website, the prop firm offers the trading instruments available via ThinkMarkets. These symbols include:
- Forex;
- Crypto;
- Precious metals
- Oil;
Whether you're a forex specialist, a crypto enthusiast, or prefer traditional commodities and indices, this prop firm's offering provides ample room for implementing diverse trading approaches.
FT Mogul Prop Firm Payment Options
FT Mogul offers a variety of options for receiving payouts to accommodate traders from different regions and with different preferences. Here's a comprehensive overview available methods:
- Bank transfers;
- PayPal payment platform;
- USDT cryptocurrency.
Unfortunately, the broker does not exactly provide any data regarding the methods used for buying accounts.
Trading Commissions And Costs
Understanding the commission structure and associated costs is crucial when evaluating a prop firm. Here's a detailed breakdown of FT Mogul's fee structure:
- Trading Commissions:
- Forex, metals, and cryptocurrencies are charged $7 per lot;
- Oils and indices incur no commission (spread only)
- Spreads: Variable spreads that fluctuate based on market conditions.
- Other Fees: No hidden fees or other costs.
Note that the initial fees are refundable after reaching the profit target.
Trust Scores and Reviews
Usually, there are reviews of prop firms on websites like "Trustpilot", "Prop Firm Match", and so on. About FT Mogul, the firm does not have any reviews on any of the mentioned websites.
However, it has claimed a profile on trustpilot.com, but no reviews for it are submitted. The lack of reviews could be because of the short track record of the company, operating since 2023.
Customer Services and Support Channels
FT Mogul is one of those rare firms with phone call support and other channels. Let's take a look at all of the available contact options:
- Live Chat: Via the official website;
- Email: info@ftmogul.com;
- Phone Number: +447714275918;
- Ticket: On the "Contact" page of the website.
Although the company claims to provide support services 24/5, during our attempt in contacting with them through the live chat, they never responded back. We are very disappointed with the customer services offered on FT Mogul.
FT Mogul Channels and Pages On Social Media
Most companies and firms have social media pages and accounts on several platforms through the internet. However, based on our investigations, the discussed prop firm in this review does not currently maintain any of such channels.
Expert Suggestions
FT Mogul is a prop firm with several benefits such as scalable funding up to $6.9M, possibility of news trading & scalping, and partnership with a high-tier regulated broker. Also, it provides a profit split of up to 90%.
However, some downsides exist. For example, the minimum first profit target of 8% is high for most traders. Also, the support team was irresponsive during our attempt via the live chat, which must be seriously considered.
