- 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.
Funded Academy
- Real accounts with up to $1,000,000 in genuine capital.
- Bi-weekly payouts with profit shares of 70% to 90%.
- 1:100 leverage for Standard challenge accounts.
- Permitted overnight positions and news trading.
- Exclusive benefits for Extended challenge accounts.
Cons ❌
FTUK
- Starting leverage of 1:10
- 2% Max stop loss risk limit
- Lot size consistency rule
Funded Academy
- Lot size restrictions
- 1:10 leverage on Extended challenge accounts
- Monthly payouts on Extended challenge accounts
Rules 📋
FTUK
Lot Size Consistency, Maximum Loss, No Martingale Allowed, Profit Target, Stop Loss Required, Stop Loss Risk Per Position, Third Party Copy Trading Risk
Funded Academy
Lot Size Limit, Maximum Daily Loss, Maximum Loss, No Weekend Holding, Profit Target, Stop Loss Required, Third Party Copy Trading Risk, Third Party EA Risk
FTUK offers an appealing platform for traders seeking instant funding with a straightforward, single-phase evaluation process. Their high Trustpilot rating underscores a community-approved experience, suggesting a level of satisfaction among users that reflects well on the company's services. With a maximum leverage of 1:100 and the ability to trade without commissions or swap fees, FTUK positions itself as a trader-friendly firm.
Traders looking to keep their positions active over weekends or through critical news events will find comfort in FTUK's flexible policies. The profit share of 80% is competitive, and the opportunity to manage substantial capital – up to thrice the amount of $5,760,000 – is an ambitious offering that will cater to seasoned traders aiming to scale their operations.
Considerations for Funding with FTUK
Prospective clients should note a few potential drawbacks of FTUK, such as the initial leverage cap at 1:10 and a strict 2% max stop loss risk limit. Moreover, the lot size consistency rule might restrict trading strategies centered on varying position sizes. These limitations could be a deciding factor for traders with a penchant for deploying aggressive money management techniques or high-volume trading.
Insight into Funded Academy
Funded Academy puts its best foot forward by offering real accounts with significant capital investment, permitting traders to manage up to $1,000,000. This high degree of trust in its clientele is matched by an attractive profit share range of 70% to 90% and the efficiency of bi-weekly payouts.
1:100 leverage availed to Standard challenge account holders enhances the potential for sizeable earnings. The flexibility in their trading conditions, including allowance for overnight and news trades, shows a progressive mindset aimed at accommodating various trading styles, particularly suited to those engaging in event-driven strategies.
Potential Limitations at Funded Academy
Funded Academy's account challenge structures impose lot size restrictions which could hamper scalability for some trading strategies. Additionally, their Extended challenge accounts offer a lower leverage of 1:10, which might not appeal to leverage-dependent traders, and monthly payouts on these accounts could be seen as less attractive compared to more frequent options elsewhere.
Comparing Deposit and Withdrawal Methods
Both firms present modern deposit methods including cryptocurrencies and credit/debit cards, with Funded Academy marginally extending its deposit options with Perfect Money. Withdrawal methods are crucial for trader liquidity, and here FTUK takes the lead with more diversity in withdrawal channels offering bank wire transfers and Deel in addition to crypto, compared to the sole crypto withdrawal option provided by Funded Academy.
Account Offerings and Tradeable Instruments
FTUK dispenses a varied range of account sizes from $14,000 to $90,000 and includes tradeable instruments such as commodities, forex, indices, and metals. On the other side, Funded Academy's choice of account size is singularly denominated in USD without specific tiers but expands its instrument offerings to include stocks alongside crypto, forex, indices, and metals.
Account Currencies and Incorporation
In terms of account currencies, FTUK offers options in EUR, GBP, and USD, thereby catering to a wider international demographic. In contrast, Funded Academy sticks to USD, which, while universally accepted, might limit flexibility for some traders.
Reviewing their establishment timelines, FTUK was incorporated in December 2021, just a few months after Funded Academy's inception in July 2021. Both firms are relatively new to the scene, and their forward-thinking policies reflect a modern understanding of retail traders' needs.
Final Thoughts
In conclusion, both FTUK and Funded Academy offer distinctive advantages and come with specific limitations. Individual trading preferences will ultimately dictate which firm aligns better with a trader's strategy and financial goals. Retail traders and potential users should reflect on the critical differences, especially regarding leverage, payout frequency, and offered facilities, to determine which proposition aligns with their ambitions in the trading world.
