FTUK Review

Founded in February 2021, FTUK set out on a journey to redefine the proprietary trading sector, aspiring to offer unparalleled services to profitable traders on a global scale.

FTUK empowers its traders to excel. They allow traders to amplify their earnings by handling three trading accounts with a balance of up to 3x $5,760,000. Options include the instant funding program and the evaluation program. To get funding in the evaluation program, one must clear their Single-Stage Evaluation System. After clearing, there are specific Profit Targets to achieve for scaling your account balance. Successful traders receive 80% profit splits and a doubling of their account balance.

Who is FTUK?

FTUK operates as a proprietary trading company, headquartered in London, UK. They present traders with up to three account options, each with a balance of $5,760,000 and broker their deals through Eightcap.

Registered as FTUK Ltd in the UK, their company registration number is 13793849.

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FTUK was formally recognized on December 10, 2021, with its official address at Kemp House, 160 City Road EC1V 2NX London, UK.

Funding program choices

FTUK presents two distinct programs:

• Evaluation program accounts
• Instant funding program accounts

Evaluation program accounts

FTUK’s evaluation program offers traders the opportunity to fulfill the evaluation criteria over an indefinite duration, granting leverage up to 1:100. Traders also have the liberty to fund their account in USD, EUR, or GBP.

During the evaluation, a trader must attain a 10% profit while maintaining below the 6% loss threshold. There’s no bounded time for trading, nor are there any minimum trading day obligations. It's vital to remember a 2% maximum stop loss risk for every position.

Upon successful evaluation, traders receive a funded account without any profit targets but must adhere to the 6% maximum loss criterion. There's also a 2% maximum stop loss risk for each trade. Payout requests are feasible from level two onwards. Withdrawals don’t inhibit account growth, and no compensation for withdrawn profit is needed. Traders benefit from an 80% profit split on their earnings.

Evaluation program account scaling plan

Evaluation accounts come with a scaling plan. To qualify for scaling, traders must attain a 10% profit. Once this is achieved, scaling is possible. Withdrawals don’t hinder the scaling process. Scaling is feasible when cumulative profits hit the 10% benchmark.

Example:Targeted profit for this account category stands at 10%.

Week 1: Profits rise by 4.2%, which are then withdrawn.Week 2: Profits ascend by 5.8%, followed by a withdrawal.

Cumulative profits hit the 10% mark, rendering the trader eligible for scaling, having met the 10% objective.

Available trading instruments for this account include forex pairs, commodities, indices, and digital currencies.

Evaluation program account guidelines

• Profit target: A set profit percentage necessary for completing the evaluation, withdrawing profits, or scaling the account. The set target for the evaluation phase is 10%.
• Maximum loss: The utmost loss permissible for a trader before account suspension. All account types have a 6% loss cap.
• Stop-loss mandate: Traders must determine a stop-loss before initiating a trade.
• Stop-loss risk per position: Traders are required to set a percentage-based stop-loss before trading. A 2% stop-loss risk is obligatory.
• Lot size uniformity: Traders should maintain consistent lot sizes. The permissible variance in lot sizes is usually pre-defined.
• No martingale: Martingale trading strategies are prohibited.
• Third-party copy trading risk: Utilizing third-party copy trading services may pose risks. Traders already using the service could duplicate your strategies. Using such services could lead to denial of account funding or withdrawals if max capital rules are breached.

Add-on selections for FTUK’s evaluation program accounts:

• Access to scaling level 8: 10% price surge upon evaluation account acquisition
• Optional stop-loss: 20% price surge upon evaluation account acquisition
• Entry fee reimbursement: 25% price surge upon evaluation account acquisition
• Evaluation redo: 50% price surge upon evaluation account acquisitionRemember, you have the flexibility to opt for a single add-on or combine several based on your individual needs!

Instant funding program accounts

FTUK offers traders the opportunity through their instant funding program account to bypass the evaluation phase and immediately start generating revenue. With this program, traders are granted an 80% profit share based on their trading earnings while utilizing leverage of up to 1:100. Additionally, traders can opt for account funding in either USD, EUR, or GBP.

Instant funding program account scaling scheme

(Note: Level 8 can only be accessed through an add-on)

As showcased in the table above, the instant funding program accounts come with a clear scaling plan. To qualify for account scaling, traders must achieve a 10% profit target. Once the profit target is reached, account scaling is possible. Another advantage to consider is that making withdrawals doesn't impede account progression. Your account becomes eligible for scaling once your cumulative profits hit the 10% mark.

For instance, consider this scenario:

For this account model, a 10% profit target is set.

• Week 1: A 4.2% profit is acquired, which is then withdrawn.
• Week 2: A 5.8% profit is gained, followed by a withdrawal.

With a combined 10% profit over the weeks, the account qualifies for a scale-up, having met the 10% objective.

The trading tools available for the instant funding program account encompass forex pairs, commodities, indices, and digital currencies.

Instant funding program account guidelines:

• The profit target is a predetermined percentage of profit that traders must attain before completing the scaling phase, withdrawing earnings, or scaling their account. The profit target for scaling is set at 10%.
• Maximum loss indicates the highest permissible loss before the account is deemed violated. For all account sizes, a 6% loss is the limit.
• Mandatory stop-loss dictates that a stop-loss must be set for every trade position initiated.
• Stop-loss risk per position implies that a specific percentage-based stop-loss must be pre-set for each trade. A stop-loss risk of 2% is mandated for every position.
• Lot size consistency is a directive that mandates traders to maintain uniform lot sizes for all opened positions. The degree of deviation between lot sizes is usually defined as a percentage.
• The no martingale clause means traders are prohibited from employing any form of martingale strategy during trading.
• Third-party copy trading risk indicates that if traders decide to employ copy trading services, the potential risk of other traders using identical trading strategies exists. Utilizing third-party copy trading services may pose a risk of account denial or withdrawal refusal if the maximum capital allocation rule is breached.

Add-on selections for FTUK’s instant funding program accounts:

• Access to scaling level 8: 10% price surge upon instant funding account acquisition
• Optional stop-loss: 20% price surge upon instant funding account acquisition
• Entry fee reimbursement: 25% price surge upon instant funding account acquisition

Do note, the choice is yours – opt for a single add-on or a combination tailored to your needs!

Why is FTUK unique compared to other prop firms?

FTUK stands apart from many top-tier firms by presenting two distinct funding programs: Evaluation and instant funding. Furthermore, there are no set maximum or minimum trading days, granting permission to trade during news events, maintain trades overnight, and over weekends.

In contrast with other prop firms, FTUK’s evaluation program accounts introduce a single-phase evaluation. Traders are expected to achieve a profit target to qualify for payouts. The set profit target for this evaluation program is 10%, accompanying a 6% maximum loss rule, mandated stop-loss, stop-loss risk for each position, and lot size uniformity. Evaluation program accounts also feature a scaling plan. Unlike some top-tier prop firms, there’s no binding maximum or minimum trading day specification, giving traders flexibility during the evaluation phase without the pressure of time-related targets.

Differing from other prop firms, FTUK offers instant funding program accounts. The profit target for these instant funding programs rests at 10%, accompanied by a 6% maximum loss rule, mandated stop-loss, stop-loss risk for every position, and lot size uniformity. Instant funding program accounts also come with a scaling plan. Contrary to several top-tier prop firms, there aren’t any strict maximum or minimum trading day specifications, offering traders the leisure to progress at their own pace during the evaluation without the extra strain of time-based goals. Moreover, they have the privilege to bypass the evaluation and commence earning immediately.

In summation, FTUK diverges from other top-tier prop firms by proffering two unique funding programs. Furthermore, they uphold clear-cut regulations with no fixed maximum or minimum trading day constraints, allowing trading during news, holding trades overnight, and over weekends.

How feasible is securing FTUK capital?

When examining prop firms, it's crucial to gauge the practicability of their trading stipulations to determine if they align with one's forex trading approach. For instance, while a firm offering a significant % profit split on a generously funded account seems attractive, if they anticipate vast % returns monthly with minimal % drawdowns, the likelihood of triumph dwindles.

Attaining capital through evaluation program accounts is largely feasible given their standard 10% profit target paired with a standard 6% maximum loss rule.

Capital acquisition via the instant funding program accounts is equally plausible as they’re direct funding schemes where earnings can commence instantly. The initial stage has a profit aim of 10%, which quadruples your capital. Also, the 6% maximum loss rule set for traders makes it realistic to secure funding.

Upon reflection, FTUK emerges as an optimal selection for funding due to its two diverse funding programs that come with achievable trading goals and payout conditions.

Proof of Payment

FTUK was officially established on the 10th of December, 2021. Traders can request their share of the profits by submitting an invoice, which typically takes up to two business days for processing. The duration might fluctuate based on the chosen payment method.

Authentic payment evidence can be found on their YouTube channel where they interact with their traders. Specifically, two videos highlight and discuss payments.

Additionally, further payment verification can be sourced from their Discord channel, as illustrated below:

Which brokerage does FTUK employ?

FTUK collaborates with Eightcap as their broker. Their central office is in London, but their support and sales wings operate throughout Asia, catering to a diverse, global clientele round the clock.

Regarding trading platforms, they sanction operations on both MetaTrader 4 and MetaTrader 5.

Trading instruments

With FTUK, you can trade with the following instruments: forex pairs, metals, indices, and commodities.

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Trading fees

Trading commission:

Spread:

To see the live spreads, use these login credentials to gain access to the trading account below:

Platform: MetaTrader 4

Server: EightcapLtd-Demo2

Login Number: 20180408

Password: SXhfhCnh

‍Download Platform: Click here

Learning & Assistance for Traders

FTUK offers instructional materials on their website through their Blog. There are four distinct sections available:

• General
• Traders mindset
• Tactical strategy
• Traders interview

Additionally, FTUK equips its clientele with an organized dashboard, facilitating effortless risk management with clear statistical goals.

Trader interface – Main view

Trader interface – Data page showing finalized trades

Trader interface – Data page displaying active trades

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Feedback from Traders on FTUK

FTUK enjoys commendable acclaim in reviews.

On Trustpilot, a vast section of their user base shares affirmative testimonials, reflecting an impressive score of 4.6/5 based on 150 evaluations. They are also backed by a dependable support squad ready to furnish you with all pertinent details or clarify any ambiguities.

Clients have highlighted their swift and effective support, a desirable feature in any prop firm.

There are also several minor infractions, and clients are informed upon breach, ensuring that they don't abruptly lose access and get an opportunity to rectify and learn.

Online Presence Metrics

FTUK has an active digital footprint.

They maintain:

A Facebook page boasting 364 followers, A Twitter handle with 126 followers, An Instagram account amassing 12.3k followers, A YouTube channel with 374 subscribers and a collection of 90 videos, and A Telegram group with 581 members.

Help Desk

FTUK's FAQ section might house the answers to your queries.

Their support representatives can be reached via their social channels, or you can opt to drop them an email at support@ftuk.com.

They operate between Monday – Friday, from 09:00 – 18:00 GMT.

For additional inquiries, FTUK can also be contacted at phone number +44 (20) 8798 2605.

Final Thoughts

To wrap up, FTUK stands out as a genuine prop trading entity offering the choice of two distinct funding initiatives: evaluation and instant funding.

The evaluation scheme demands a 10% profit achievement, ensuring the 6% maximum loss criterion isn't breached. There aren't any strict maximum or minimum trading day stipulations. Yet, traders must adhere to these mandates: imposed stop-loss, stop-loss risk for each trade, and standardized lot size.

Concerning the instant funding program, there's no need to meet specific profit benchmarks to initiate withdrawals from the second level onward. Likewise, there are no strict trading day constraints. Yet, the following directives must be met: obligatory stop-loss, stop-loss risk for each trade, and uniform lot size.

One could advocate for FTUK for those scouting for a prop entity with clear guidelines. They have firmly positioned themselves as a reputable prop trading institution, catering to a vast array of traders with diverse trading inclinations. Taking into account all that FTUK presents, they undeniably rank amongst the top contenders in the prop trading domain.

The assessment of FTUK was most recently refreshed on 04.08.2023 at 10:23 (CE(S)T).

Given the structure of the Proprietary Trading entity, do you feel FTUK offers the tools you seek in trading?

We'd love to hear your thoughts on our FTUK Proprietary Trading review!

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