- Over 4k Trustpilot reviews at 4.9/5 with exceptional 24/7 customer support.
- Trading Psychologist available, scaling plan, and CEO's public visibility.
- Free trial, infinite evaluation retries, and bi-weekly payments at 80%-90% profit.
- Flexible trading: no cap on duration, minimum 4 days, 1:100 leverage, and diverse tools.
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 ❌
FTMO
- Educational videos suit beginners more
- Maximum of 2 accounts at $200,000 each
FTUK
- Starting leverage of 1:10
- 2% Max stop loss risk limit
- Lot size consistency rule
Rules 📋
FTMO
Maximum Daily Loss, Maximum Loss, Minimum Trading Days, No News Trading, Profit Target, Third Party Copy Trading Risk, Third Party EA Risk
FTUK
Lot Size Consistency, Maximum Loss, No Martingale Allowed, Profit Target, Stop Loss Required, Stop Loss Risk Per Position, Third Party Copy Trading Risk
FTMO: A Prop Firm Tailored for the Discerning Trader
FTMO stands out as a prop trading firm with a commanding presence and a sterling reputation. With over 4,000 reviews accruing to an impressive 4.9 out of 5 on Trustpilot, it's clear that traders have spoken favorably about their experiences. Its round-the-clock customer support sets a high industry standard, ensuring traders' queries never go unanswered.
The availability of a trading psychologist is a unique offering that underscores FTMO’s commitment to the mental well-being of its clients, recognizing the psychological challenges inherent in trading. The firm's scaling plan and the visibility of its CEOs add to its aura of reliability and transparency, instilling additional confidence.
The proposition of a free trial, combined with infinite evaluation retries, indicates a firm that’s invested in its traders' growth and success. Bi-weekly payments with a commendable 80%-90% profit share provide a lucrative incentive structure. Moreover, FTMO’s flexible trading policies, including a lack of cap on trading durations and a requirement of minimum trading days, combined with 1:100 leverage and an array of diverse trading tools, make it an attractive option for traders with varying strategies and experience levels.
However, it's worth noting that FTMO's educational resources may cater more to beginners. Additionally, the constraint of a maximum of two accounts at $200,000 each might dampen the aspirations of traders seeking to manage larger sums.
FTUK: Agile and Trader-Friendly Funding Solutions
FTUK enters the competitive prop trading sphere with a fresh approach: instant funding coupled with a simplified, single-phase evaluation process. This streamlined path to funding is reflected in their healthy 4.6 out of 5 Trustpilot score. The firm exhibits flexibility by allowing weekend and overnight positions, as well as trading during news events, which can be pivotal for traders who rely on market volatility.
The absence of commission on various assets, no swap charges, and swift payouts make FTUK an enticing option for cost-conscious traders. They also offer a desirable 80% profit share and manage up to 3x $5,760,000, an impressive ceiling for portfolio management.
The firm’s starting leverage of 1:10, however, may seem conservative compared to FTMO and could limit aggressive trading strategies. The adherence to a 2% max stop loss risk limit and lot size consistency rules highlight a firm that values risk management and disciplined trading.
Comparing Trading Conditions and Instruments
A closer look at the trading conditions reveals clear distinctions between the two firms. FTMO enforces a set of rules that include maximum daily loss limits and prohibits news trading, factors which could deter traders seeking complete freedom. However, the broader spectrum of tradeable instruments, which spans bonds, stocks, and cryptocurrencies in addition to the usual commodities, forex, and indices, presents a more varied trading playground.
FTUK, by contrast, while more limited in their range of tradeable instruments, does not seem to impede certain trading activities such as overnight and weekend positions, giving traders a sense of emancipation within their trading strategies.
Financial Transactions and Currency Options
Both firms offer modern conveniences with a variety of deposit and withdrawal methods, including bank wires and crypto, with FTUK also featuring Deel - a payment platform that might cater to international traders. Moreover, FTUK's account sizing is a bit more obscure, stating only the base currencies, while FTMO boasts a laundry list of account sizes catering to a diverse international clientele, ranging from AUD to CZK.
Conclusion: Diverse Offerings for Different Trader Needs
To sum up, FTMO and FTUK present distinct offerings in the world of proprietary trading. FTMO's extensive support system, endless opportunities for evaluation, and diverse account sizes accommodate a broad spectrum of traders. Meanwhile, FTUK's instant funding, lenience on trading styles, and attractive profit shares cater to a nimble, opportunistic trader.
Understanding these nuances is key for retail traders striving to align their trading philosophy with the right prop firm. Both FTMO and FTUK command respect and consideration, yet their subtle contrasts will ultimately guide the informed trader to the prop firm best suited to their individual trading journey.
