- 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.
FunderPro
- Scaling up to $5,000,000 with 80% profit splits.
- Weekly payouts with no time constraints on trading.
- Flexible trading: overnight, weekends, and during news.
- Leverage up to 1:100 and diverse trading instruments.
Cons ❌
FTUK
- Starting leverage of 1:10
- 2% Max stop loss risk limit
- Lot size consistency rule
FunderPro
- Above-average profit targets
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
FunderPro
Maximum Daily Loss, Maximum Loss, Minimum Trading Days, Profit Target
Retail traders considering FTUK or FunderPro are faced with two competitive prop firms, each with its discerning merits. FTUK leaps ahead with the promise of instant funding, waiving the conventional two-phase evaluation process that can be time-consuming. This simplicity is uplifting for traders looking to dive straight into the markets. Combined with a high Trustpilot rating, the firm sets a tone of trust and efficiency.
FunderPro isn't far behind, particularly with its offer to scale to a formidable $5,000,000 with an attractive 80% profit split – a significant pulling factor for ambitious traders. Both firms stand neck to neck with weekly payouts and the freedom to trade across the weekend and during high-impact news events, indicating a flexible approach to trading styles.
Financial Leverages and Charges
On the financial front, FTUK offers an enticing zero commission structure on a variety of assets alongside the absence of swap charges. These cost-efficient features can positively impact a trader's net profits and potentially enhance portfolio growth. Moreover, the swift payout system instills a sense of liquidity and flexibility when it comes to accessing funds. FunderPro matches the competition with similar leverage options of up to 1:100, thereby facilitating enhanced market exposure for both beginners and seasoned traders.
Operational and Trading Constraints
However, it's not all smooth sailing for traders with FTUK, as they impose a restrictive starting leverage of 1:10, potentially curbing early aggressive trading strategies. Meanwhile, the 2% max stop loss risk limit may instigate a more conservative approach to risk management. The rule of lot size consistency demands a steady trading pattern, which could hinder adaptive strategies.
FunderPro presents above-average profit targets, which may be daunting for some, setting a high bar for risk-takers. But the promise of scalability and diverse trading instruments spans opportunities in commodities, crypto, forex, indices, and stocks, arguably offering a more comprehensive trading environment than that of FTUK.
Account Management and Accessibility
Account sizes between FTUK and FunderPro vary significantly, with FTUK offering structured tiers ranging from $14,000 to a considerable $90,000, while FunderPro maintains flexibility in their offerings. When it comes to account currencies, FTUK allows for more diversity with EUR, GBP, and USD options, whereas FunderPro limits accounts to USD transactions only. This might influence international traders depending on their currency preference and conversion considerations.
Deposit and Withdrawal Services
Variety in deposit and withdrawal options is key for global traders. Both firms accept cryptocurrency and credit/debit cards for deposit, appealing to modern trading trends. However, FTUK stretches its services to include Deel for withdrawals, indicating a broader grasp on financial services and potentially enhancing convenience for traders.
Market Availability and Trading Rules
In terms of market availability, both firms offer a robust selection of tradeable instruments. FTUK's focus spans commodities, forex, indices, and metals. On the other hand, FunderPro widens the arena to include stocks alongside the typical commodities, crypto, forex, and indices, catering to traders seeking a broad investment spectrum.
Conclusion: Choosing Your Prop Firm
Deciding between FTUK and FunderPro boils down to personal trading preferences and strategies. FTUK's immediate access to funding, supportive team, and substantial trading capacities offer an appealing package. In contrast, FunderPro's wide range of tradeable instruments and the potential to scale to even greater heights might sway more voracious traders in its direction.
Established since December 2021, FTUK has had time to cement its services, while the newer FunderPro, initiated in February 2023, may offer fresher perspectives and systems in tune with current market demands. Ultimately, your selection should align with your trading ethos, appetite for risk, and the financial flexibility you seek from a prop trading firm.
