Which prop firms allow EAs on MT5?
Not all funding firms allow algorithmic trading. Some explicitly prohibit it, others allow it with restrictions, and a few are specifically designed for it. This guide summarizes the most relevant ones for traders running Expert Advisors on MetaTrader 5.
FTMO — The most demanding, but most respected
FTMO is the reference firm in the industry. It allows EAs but has restrictions on high-impact news and an implicit consistency rule. Its advantage is transparency and guaranteed monthly payouts.
- Daily drawdown of 5% measured from the day's maximum equity
- Prohibits trading 2 minutes before and after high-impact news on challenge accounts
- No HFT or latency arbitrage
- 80–90% profit payout
Is the MOL EA compatible?
Yes. In MODE_PROP with InpMaxDailyDDPct = 3.5 the MOL EA is compatible with all major prop firms. The integrated news filter automatically covers FTMO's news restrictions.
Full guide: Master of Liquidity EA compatible with FTMO →