Yes! When using MT5 it will automatically set up with a hedging account. A hedging account is where you can have a long and short trade on the same pair at the same time. A netting account is where you can only have a long or a short trade on the same pair at the same time. It is my understanding that FTMO,com only allows hedging on one account. So, if you want to open a second FTMO account you should verify with FTMO support on how to do this using MT5.
Alan,