- Thorough evaluation process.
- Utilizes London Close strategy.
- Offers competitive leverage.
- Strong focus on risk management.
- Offers diverse account sizes.
- Favorable profit split terms.
FTUK
- Instant funding with a single-phase evaluation and 4.6/5 Trustpilot rating.
- Supportive team allowing weekend/overnight positions and news trading.
- Zero commission on various assets, no swap charges, and swift payouts.
- 80% profit share, 1:100 leverage, and manage up to 3x $5,760,000.
Cons ❌
BluFX
- Strategy success can vary.
- Risks associated with leverage use.
FTUK
- Starting leverage of 1:10
- 2% Max stop loss risk limit
- Lot size consistency rule
Rules 📋
BluFX
Funded Trader Program
FTUK
Lot Size Consistency, Maximum Loss, No Martingale Allowed, Profit Target, Stop Loss Required, Stop Loss Risk Per Position, Third Party Copy Trading Risk
BluFX and FTUK are two prop firms providing opportunities for traders to manage significant funds and leverage their trading strategies. BluFX, established in June 2017, has created a name in the industry with its Funded Trader Program. On the contrary, FTUK, a newer firm incorporated in December 2021, has quickly gained attention due to its instant funding process and favorable trading conditions.
BluFX: A Snapshot
BluFX remains shrouded in ambiguity with missing details on its distinctive offerings. Unlike its counterpart FTUK, BluFX operates with trademarks such as its Funded Trader Program. This program likely presents an opportunity for traders to scale up their career, based on the traditional framework of performance-based increments. Their deposit and withdrawal methods are standard with credit/debit card acceptance and Bank Wire Transfer options respectively. Account sizes and tradeable instruments are modest, with a focus on commodities and capital starting at $10,000 USD.
FTUK: Strengths and Innovations
Standing out with a Trustpilot rating of 4.6/5, FTUK presents itself as a pro-trader environment with instant funding once evaluations are cleared. The ability to trade over weekends and during news events signals a flexible risk appetite that caters to an array of trading styles. The absence of both commission and swap charges, paired with rapid payouts, positions FTUK as an attractive option for traders seeking more of their profits.
Their variety in account currencies (EUR, GBP, and USD) and tradeable instruments — commodities, forex, indices, and metals — provides greater inclusivity and diversity for traders. Deposit and withdrawal methods are in tune with contemporary practices, accepting crypto and using platforms like Deel alongside traditional bank wire transfers.
With an impressive profit share condition and a high level of available leverage, traders with FTUK can ambitiously scale their trading strategies. However, this comes with the stipulation of starting at a lower leverage of 1:10 and adhering to a set of operational rules that include max loss limitations and trade consistency regulations.
Drawbacks to Consider in FTUK
Despite its considerable offerings, FTUK also enforces strict operational rules that might deter some traders. The 1:10 initial leverage could be perceived as conservative, potentially limiting aggressive strategy implementation for traders seeking more immediate impact. A 2% max stop loss risk limit and a lot size consistency rule underscore a disciplined approach to trading but might dissuade those with a higher risk tolerance.
Conclusions and Recommendations
When selecting a proprietary trading firm, prospective traders must align their individual trading styles and risk preferences with the firm's offerings. BluFX appears to be catered towards traders comfortable with a more straightforward, perhaps more cautious funding approach, focusing on a specific range of instruments. FTUK, meanwhile, presents a more flexible and potentially lucrative proposition with its broad range of tradeable assets and enticing profit-sharing terms.
Retail traders and potential users should weigh the pros and cons critically. FTUK's higher prevalence of reviews and trader engagement might suggest a more active and supportive community, which for many can be influential in their choice. Without comparable data on BluFX, potential traders may find the decision more challenging and may need to conduct further investigation or seek first-hand reviews from BluFX traders to determine the firm's suitability for their personal trading journey.
