- 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.
TradingFunds
- Impressive Trustpilot rating of 4.3/5.
- Single-step evaluation with 1:10 to 1:100 leverage.
- Profit sharing of 80% to 90%.
- Flexible trading: overnight, weekends, and during news events.
- Unrestricted trading strategy.
Cons ❌
FTUK
- Starting leverage of 1:10
- 2% Max stop loss risk limit
- Lot size consistency rule
TradingFunds
- Elevated evaluation account fees
- Trailing Drawdown
- Starting leverage at a low of 1:10
- 2% Maximum stop-loss for each instrument
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
TradingFunds
Maximum Trailing Drawdown, Profit Target, Stop Loss Required, Third Party Copy Trading Risk, Third Party EA Risk
When comparing prop firms, retail traders often look for reliability, flexible trading conditions, and favorable profit-sharing models. FTUK and TradingFunds both emerge as contemporary prop firms aimed at catering to the needs of traders globally. With high ratings on Trustpilot, they have each established a reputation for customer satisfaction, which is a significant factor for traders in selecting a prop firm.
FTUK at a Glance
FTUK offers instant funding along with a single-phase evaluation process that is clearly valued by the community, as reflected in its stellar 4.6/5 Trustpilot rating. The standout feature of FTUK lies in its robust support framework, allowing for weekend and overnight positions, which is particularly enticing for traders who prefer flexibility in trading hours. Symptomatically, no commission on select assets, absence of swap charges, and streamlined payout processes illustrate FTUK's commitment to a trader-focused experience. The generous offer of managing up to 3 times the amount of a $5,760,000 account with an 80% profit share, and 1:100 leverage, reflects a potent combination of high growth prospects alongside a significant earning potential for skilled traders.
TradingFunds Enters the Scene
TradingFunds, although newer on the market with its incorporation in February 2023, does not fall far behind with an impressive 4.3/5 Trustpilot rating. The firm displays flexible leverage options from 1:10 to 1:100, catering to a variety of risk appetites, and offers an attractive profit-sharing scale of up to 90%. The lack of restrictions on trading strategies is particularly appealing for traders who rely on diverse and adaptive trading plans. Furthermore, the allowance of overnight and weekend trading, as well as during high-impact news events, makes it versatile and competitive.
Comparing the Account Offerings
Differences become evident when assessing the range of account sizes offered by both firms. FTUK's account sizes are varied, offering multiple tiers for traders to choose from. In contrast, TradingFunds keeps its account size offerings in USD, which might suggest a simpler or more streamlined approach. FTUK's choice of EUR, GBP, and USD for account currencies offers additional flexibility over TradingFunds' USD-only accounts.
Trading Instruments and Rules
The availability of tradeable instruments is crucial, and both firms provide an array of options including commodities, forex, and indices. FTUK adds metals to its array, whereas TradingFunds stands out by offering cryptocurrencies, fitting for those interested in the digital asset market.
When it comes to trading rules, both prop firms enforce a profit target and require stop-loss orders to mitigate risk. FTUK's lot size consistency rule, no Martingale strategy, and a cap on stop-loss risk per position reflect a more structured and disciplined trading environment. TradingFunds' use of a trailing drawdown model and the permission of third-party EA risk could be interpreted as offering more freedom, yet it suggests a keen eye on risk management.
Funding and Withdrawal Options
Both firms accept crypto and credit/debit card transactions for deposits, with TradingFunds additionally offering PayPal—a potentially significant convenience factor for many traders. For withdrawals, FTUK includes bank wire transfers as an option, which signals a blend of traditional and modern payout methods. TradingFunds retains consistency with the inclusion of PayPal in its withdrawal methods, sticking to user-friendly and accessible means.
Final Thoughts
Ultimately, the choice between FTUK and TradingFunds may rest on traders’ individual preferences on account sizes, trading instruments, and specific withdrawal methods. For those seeking an established, structured trading environment with a proven track record, FTUK might be the preferred choice. On the other hand, the newcomer TradingFunds may appeal to those looking for fresh opportunities, with potentially more aggressive profit-sharing and a broader acceptance of trading strategies.
In sum, both prop firms showcase their unique strengths, and neither should be discounted without careful consideration of a trader's personal strategy, risk tolerance, and the overall trading experience they seek.
