FTUK is a leading prop firm that doesn’t let traders build castles in the air rather they like to set realistic goals! With no hidden rules, fully funded accounts, and zero loss liability, they are a perfect match for traders regardless of their experience level. In this article, we'll dive into the details of what FTUK has to offer, from their evaluation process and payouts to the trading platforms they support.
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What is FTUK?
| Key Feature | Details |
|---|---|
| CEO | Haseem Gaffer |
| Platform | MT4/5, TradeLocker, DxTrade |
| Payout Split | Upto 80% |
| First Payout | 10 Days on level 2 |
| Subsequent Payouts | On-demand |
| Daily Drawdown | 8% |
| Headquarters | USA |
| Expert Advisors | Allowed |
| Max Funding | $900,000 |
| Funding Programs | Evaluation Program and Instant Funding |
| Leverage | Upto 1:100 |
| Weekend Holding | Allowed |
| Contact | support@ftuk.com |
| Trustpilot Rating | 4.1/5.0 |
FTUK is a proprietary trading firm based in the USA that was founded in 2021. They provide traders with the opportunity to trade with virtual capital, ranging from $14,000 to $90,000, and keep a generous portion of the profits they generate.
What sets FTUK apart is their flexible approach – traders can choose between a single-step evaluation program or opt for instant funding if they prefer to bypass the evaluation process altogether.
FTUK Funding Programs
FTUK extends two unique funding options: The evaluation Program and the Instant Program.
1. The FTUK Evaluation Program
For traders who want to prove their ability and earn their stripes, It Evaluation Program is the way to go. This single-phase evaluation process is designed to identify profitable traders who can consistently navigate the markets and manage risk effectively.
The evaluation process is straightforward: traders choose their desired funding level, ranging from $14,000 to $90,000, and pay a one-time fee to get started. There are no time restrictions or minimum trading day requirements – traders can take as long as they need to reach the profit target of 10%. However, they must be mindful of the maximum drawdown limit of 8% to avoid getting their account closed.
| Account Size | Pricing |
|---|---|
| $14,000 | $149 |
| $40,000 | $349 |
| $60,000 | $449 |
| $90,000 | $599 |
2. Instant Funding with FTUK
For traders who have already proven themselves and want to hit the ground running, FTUK's Instant Funding Program is a compelling choice. This program allows traders to bypass the evaluation process entirely and start trading with virtual capital from day one.
The instant funding accounts come with the same generous profit split of 80% as the Evaluation Program, along with the ability to scale up to an impressive $5,760,000 in total. The high leverage of up to 1:100 on forex pairs and the flexibility to choose the base currency of the account further sweeten the deal.
The Instant Funding Program is ideal for experienced traders who are confident in their strategies and want to waste no time putting their skills to the test. With no profit targets to hit and the ability to withdraw profits at any time, this program offers a level of freedom that is hard to match.
| Account Size | Pricing |
|---|---|
| $14,000 | $200 |
| $40,000 | $550 |
| $60,000 | $750 |
| $90,000 | $1200 |
Scaling Plan
One of the standout features of its Evaluation Program is the generous scaling plan. Upon reaching the first profit target, the account balance is increased by a whopping 400%. Subsequent milestones result in the account balance being doubled, allowing successful traders to rapidly grow their capital. The profit split remains an attractive 80% throughout the scaling process.
It also offers a range of add-ons for its Evaluation Program, giving traders the flexibility to tailor their experience. These include the option to unlock higher scaling levels, remove mandatory stop-loss rules, and even secure a refund of the joining fee. It's this level of customization that sets FTUK apart from many of its competitors.
FTUK's Trading Platforms
One of the key strengths of FTUK is the variety of trading platforms it supports. Through their partnership with a regulated broker, FTUK offers traders access to some of the most popular and powerful platforms in the industry.
Traders can choose from MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, Match-trader, Tradelocker, and DxTrade. This diverse range of platforms caters to traders of all styles and preferences, whether they prefer the simplicity of MT4 or the advanced features of cTrader.
FTUK's commitment to providing top-notch trading technology is evident in its recent rollout of a new trader's dashboard.
Instruments and Trading Conditions
It offers a wide array of tradable instruments, including forex pairs, indices, commodities, and cryptocurrencies. This diverse selection allows traders to spread their risk across different markets and take advantage of opportunities as they arise.
The trading conditions at FTUK are designed to give traders the best possible chance of success. With leverage of up to 1:100 on forex pairs and 1:50 on other instruments, traders have the flexibility to capitalize on market movements while managing their risk effectively.
Customer Support and Education
FTUK understands that success in trading is not just about having the right tools – it's also about having the right support and education. That's why they offer a range of resources to help traders at every stage of their journey.
From the moment a trader signs up, they have access to dedicated customer support via email, phone, and live chat. The FTUK team is knowledgeable, responsive, and always ready to assist with any questions or concerns.
For traders looking to deepen their understanding of the markets and refine their strategies, It provides a wealth of educational materials.
Common Queries Related to FTUK
What are FTUK's Trading Rules?
It has several risk management rules, such as not permitting traders to risk more than 2% of their account starting balance per trade. Placing a stop loss is mandatory unless the trader has purchased the “no stop loss” add-on.
How long do Traders have to complete The FTUK Evaluation?
There is no time limit or maximum trading days for the evaluation phase. Traders can take as long as needed to reach the profit target.
Are there any Red Flags or Concerns about FTUK?
Some traders have reported issues with FTUK, such as accounts being terminated without clear explanation and rules changing unexpectedly. It's important to thoroughly research and understand the terms before signing up with any prop firm.
What is FTUK's Policy on Automated Trading or Expert Advisors?
It allows the use of expert advisors (EAs) and algorithmic trading strategies as long as they adhere to the company's trading rules and risk management guidelines.
Does FTUK provide Educational Resources for Traders?
While FTUK does not directly provide trader education, they offer a blog with market analysis, trading tips, and articles on key concepts to help traders deepen their understanding.
What is The Minimum age Requirement to Trade with FTUK?
To participate in FTUK's trading program, individuals must be at least the age of majority in their state or province of residence.
The Verdict
FTUK Trading Firm stands out as a reputable and flexible proprietary trading firm, offering a variety of funded accounts in USD, EUR, and GBP. With its generous profit split of 80% for traders and a robust track record of timely payments, FTUK provides a lucrative opportunity for both novice and experienced traders.
The firm’s move to Atlanta, USA, has further solidified its global presence. Additionally, Its wide range of trading options, including commodities, indices, and cryptocurrencies, coupled with scalable leverage, ensures that traders can maximize their potential earnings. Overall, It presents a compelling choice for those looking to excel in the trading world.
