Blue Guardian vs FTUK

Comparing Blue Guardian and FTUK: A Retail Trader's Perspective

Retail traders seeking a prop firm expect not only an opportunity to leverage professional capital but also a platform that aligns with their trading objectives and styles. Two prop firms that have been drawing attention are Blue Guardian and FTUK. Though they share common ground in the offerings, certain nuances set them apart.

Account Capacity and Profit Sharing

Blue Guardian stands out with a $400,000 standard account cap, with opportunities to scale up to $2,000,000. This is an enticing feature for traders looking to maximize their earnings through a higher capital base. Coupled with an 85% profit share and an excellent Trustpilot rating of 4.8/5, it underscores a strong reputation and a favorable profit structure. Conversely, FTUK offers instant funding, a crucial advantage for those looking to bypass rigorous evaluation processes. The maximum managerial capacity extends up to 3x $5,760,000, creating an incredibly high ceiling for trading operations. With a slightly lower 80% profit share and a commendable 4.6/5 Trustpilot rating, FTUK holds its own in the profit-sharing arena.

Leverage and Trading Terms

Both firms provide leverage up to 1:100, which is fairly common in the prop trading industry. Blue Guardian's minimal evaluation goals of 8% and 4% are trader-friendly benchmarks that reflect a pragmatic approach to trading assessments. Traders who value the flexibility to hold overnight and weekend positions, as well as capitalizing on market events, will appreciate that both firms permit these practices. In terms of asset trading, Blue Guardian gives its users access to a wider range, including cryptocurrencies.

Trading Rules and Structure

Rules set by a prop firm can define a trader's experience. The mandatory five trading days for Blue Guardian's Elite Guardian might be seen as restrictive when compared to FTUK's lack of a minimum trading day requirement. FTUK's lot size consistency rule can be limiting for traders with variable trading strategies, while the starting leverage of 1:10 could be seen as conservative.

Financial Transactions

When it comes to deposit methods, both firms accept credit/debit cards and crypto, making the initial process approachable and convenient. Withdrawals, another crucial aspect, are served through Bank Wire Transfer, Crypto, and Deel by both, which indicates a focus on diversified and secure withdrawal channels.

Tradeable Instruments and Account Options

In terms of tradeable instruments, both prop firms offer a similar range—Commodities, Forex, Indices, and Metals—with Blue Guardian also including Crypto. This provides traders with a broad spectrum of markets to diversify their trading. Account size options at Blue Guardian are denominated in USD, while FTUK extends the flexibility of EUR, GBP, and USD account currencies, which can be advantageous for traders who prefer non-USD denominated accounts or are wary of currency conversion risks.

Prop Firm Longevity and Market Experience

It is critical not to overlook the operational experience of prop firms. Blue Guardian has been incorporated since June 2019, granting it a longer track record and potentially more industry experience. FTUK, though newer with a December 2021 incorporation date, mustn't be underestimated as it can bring fresh perspectives and approaches to the prop trading field.

Final Thoughts

In conclusion, both Blue Guardian and FTUK have their merits and cater to various trader profiles. Blue Guardian appears to be designed for traders aspiring for high account growth with a significant profit share arrangement, while FTUK suits those who value immediate funding access and the potential for very high capital management. An informed decision will depend on the trader's individual strategy, preferences for rules and flexibility, and the importance placed on a firm's tenure in the prop trading industry.