- 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.
Glow Node
- Evaluation options with instant funding and a 4.6/5 Trustpilot rating.
- Funding potential up to $1,000,000 with bi-weekly withdrawals.
- Scalable profit split reaching 90% and unlimited trading period.
- No minimum trading days with overnight & weekend holding.
- Permission for news trading and weekend crypto trading.
Cons ❌
FTUK
- Starting leverage of 1:10
- 2% Max stop loss risk limit
- Lot size consistency rule
Glow Node
- Low 1:30 leverage on all funding programs
- Expensive one-time fee for instant funding
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
Glow Node
Maximum Daily Loss, Maximum Loss, No Martingale Allowed, Profit Target, Third Party Copy Trading Risk, Third Party EA Risk
When it comes to choosing a proprietary trading firm, the devil is in the details. Both FTUK and Glow Node stand out with impressive Trustpilot ratings of 4.6/5, signaling solid reputations in the trader community. Yet, their offerings reveal distinctions pivotal for retail traders seeking a firm aligned with their trading style and goals. Let's delve into a critical comparison of these two prop trading firms.
FTUK - High Stakes and Hands-On Support
FTUK emerges as a heavyweight contender with up to $5,760,000 in management funds for each trader, characterized by its supportive team and a high-profit share of 80%. The firm's policy of allowing weekend and overnight positions, coupled with news trading, speaks to its flexible approach to risk management, likely catering to both aggressive and part-time traders.
However, the conservative initial leverage of 1:10 may deter traders seeking high leverage out of the gate, although this could be a strategic move to encourage sound risk management. Additionally, the strict 2% max stop loss risk limit and lot size consistency rule indicate that FTUK values discipline and consistency, potentially weeding out high-risk traders but also limiting those who prefer innovative strategies.
Glow Node - Flexible Opportunities with a Scalable Approach
Glow Node offers the carrots of a scalable profit split up to 90% and the chance to hold positions over the weekend, a big plus for swing traders and those dealing with cryptocurrencies. With no minimum trading days required and the capacity to grow up to $1,000,000 in funding, Glow Node appears to value flexibility and growth, aspects that might appeal to ambitious beginners and experienced traders alike.
However, the catch comes with the firm's lower leverage of 1:30 across all programs, which some may find restrictive despite its intention to foster long-term trading sustainability. The hefty one-time fee for instant funding could also be a barrier for traders with limited initial capital, although the potential earnings might justify the investment.
Comparing Trading Conditions
Trading conditions serve as the bedrock of every trading operation. FTUK's no-commission structure on various assets and absence of swap charges is trader-friendly, while Glow Node's offering of bi-weekly withdrawals enhances liquidity for its traders. However, FTUK's trading instrument assortment lacks cryptocurrencies—a gap that Glow Node fills, possibly attracting traders interested in the dynamic crypto markets.
Distinguishing Rules and Requirements
The rules set by each firm illustrate their trading philosophies. FTUK requires lot size consistency, a maximum loss cap, and a prohibition on third-party copy trading, signaling a focus on standardized risk parameters. On the other hand, Glow Node implements a maximum daily loss limit and restricts third-party EA risk, highlighting a more day-to-day risk management approach. Both firms' restrictions on Martingale strategies indicate an aversion to highly risky trading methods.
Funding and Withdrawal Protocols
FTUK and Glow Node diverge slightly in their banking methods, potentially influencing trader preferences. FTUK accommodates crypto enthusiasts with both deposit and withdrawal options, while Glow Node's reliance on Deel for withdrawals may limit options for traders who prefer other methods of funds transfer.
Account Offerings and Tradeable Instruments
FTUK's tiered account sizes allow for a stair-step approach to increasing trade capital, which could be seen as a journey of growth for traders. In contrast, Glow Node's singular focus on USD may be less accommodating for those preferring account diversification through different currencies. The tradeable instruments on both platforms cover the main markets any trader would be interested in, with Glow Node edging into the crypto space as an additional draw.
Establishment and Experience
In terms of market presence, FTUK has a slight edge being established five months earlier, although the gap is not so significant as to confer a vast experience advantage. What traders should note is that both are relatively new and growing firms, which could mean evolving policies and offerings in the future.
Final Thoughts for Traders
Every trader's choice between FTUK and Glow Node will rest on their individual risk appetite, strategy preferences, and career objectives. FTUK's all-in approach to funding and profit sharing is compelling for high-volume traders, while Glow Node's flexibility and growth potential might win over those looking for a supportive environment to scale their operations. Ultimately, traders should weigh the pros and cons of each firm’s offering in line with their own trading principles and goals.
