Review
FTUK
"FTUK Review: Unbiased Analysis, Expert Insights & Latest Updates"
"FTUK: Empowering Traders Worldwide with Affordable Trading Opportunities, Trust-based Growth, and Global Support for All Skill Levels"
FTUK is committed to the idea that everyone should have equal opportunities, ensuring accessibility to trading for individuals aspiring to succeed in this field. As clients demonstrate their trading skills and achieve impressive results, their trust level grows, leading to a proportional increase in their trading capital. It’s important to note that FTUK offers its support to traders worldwide, regardless of their prior experience.
Established in February 2021, FTUK embarked on a mission to elevate the world of proprietary trading. Their goal is to provide top-notch services to skilled traders on a global scale, helping them achieve financial success.
FTUK actively encourages and empowers traders in their professional growth, enabling them to increase their profitability through three trading accounts, each with a maximum balance of $5,760,000. Traders can choose between the instant funding program and the evaluation program. To secure funding through the evaluation program, traders must successfully pass the 1-Phase Evaluation Process. Once they achieve this, specific Profit Targets are set as milestones to increase their account balance. Meeting these targets allows traders to enjoy 80% profit splits and a doubling of their account balance as a reward.
Who are FTUK
FTUK is a privately-owned company situated in London, United Kingdom, with an office in the heart of the city. Their traders have access to as many as three accounts, each with a substantial balance of $5,760,000, and they’ve chosen Eightcap as their brokerage partner.
This company operates under the name FTUK Ltd and holds the official registration with the company number 13793849 in the United Kingdom.
FTUK was officially established on December 10, 2021, and their registered office is located at Kemp House, 160 City Road, EC1V 2NX, London, UK.
Funding Options
FTUK offers two different programs to choose from:
- Evaluation program accounts
- Instant funding program accounts
Evaluation program account
FTUK’s evaluation program offers traders the flexibility to meet specified criteria at their own pace. Traders can utilize leverage up to 1:100 and choose their preferred account funding currency, such as USD, EUR, or GBP.
During the evaluation phase, traders are tasked with reaching a 10% profit target while adhering to a maximum loss limit of 6%. There are no time constraints or minimum trading day requirements in this phase. It’s crucial to note that traders must establish a maximum stop-loss risk of 2% per trade.
Upon successfully completing the evaluation phase, traders receive a funded account without specific profit targets. However, they must still comply with the 6% maximum loss rule and maintain a maximum stop loss risk of 2% per trade. Traders can request payouts from level two or above at their discretion. Importantly, withdrawals do not affect account growth and do not require the funded trader to reimburse distributed profits. Traders are entitled to an 80% profit split based on the profits they generate.
The evaluation program also includes a detailed scaling plan, as specified in the provided spreadsheet. Qualifying for account scaling simply requires achieving the 10% profit target. Notably, any withdrawals made won’t impede the scaling process. Once your cumulative profits reach the designated 10% target, your account becomes eligible for scaling.
Example:
The profit target for this account type is 10%.
Week 1: You gain 4.2% and withdraw your profits.
Week 2: You gain 5.8% and withdraw your profits.
Your total profits have reached 10% which makes you eligible for a scale-up since you have reached the 10% profit target.
Trading instruments for the evaluation program account are forex pairs, commodities, and indices.
Evaluation program account rules
- The profit target represents a specific percentage of profit that must be achieved by a trader before they can proceed with an evaluation phase, withdraw profits, or expand their account. In the evaluation phase, the profit target is set at 10%.
- The maximum loss denotes the highest allowable loss that a trader can incur before their account becomes compromised. Regardless of the account size, the maximum loss limit is set at 6%.
- Traders are required to implement a stop-loss order on each position before initiating a trade.
- The concept of stop-loss risk per position necessitates that traders establish a predetermined percentage-based stop-loss for every position prior to entering a trade. A stop-loss risk of 2% is mandatory for each position.
- Lot size consistency is a regulation that mandates traders to maintain consistent lot sizes for the positions they open. Typically, this is specified as a percentage indicating the acceptable deviation in lot sizes between positions.
- The use of any form of martingale strategy is strictly prohibited for traders.
- When considering the utilization of copy trading services provided by third parties, it is important to acknowledge that other traders may already be employing the same trading strategy through the same service. Consequently, utilizing such third-party copy trading services carries the potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.
Additional enhancements for FTUK’s evaluation program accounts
Enhancement 1: Unlock Scaling Level 8 – Experience a 10% price increase when acquiring your evaluation account.
Enhancement 2: No Mandatory Stop-Loss – Opt for a 20% price increase to eliminate the requirement of a stop-loss feature for your evaluation account.
Enhancement 3: Joining Fee Refund – Enjoy a 25% price increase, which grants you a refund of the joining fee upon purchasing your evaluation account.
Enhancement 4: Evaluation Retake – Embrace a 50% price increase that allows you to retake the evaluation for your account.
Please note that you have the flexibility to select one or multiple add-on options based on your personal preferences..
Instant funding program account
FTUK’s rapid funding initiative allows traders to skip the evaluation process and begin earning right away. Traders are provided with 80% of the profits they make from leveraged trading, which can go up to a ratio of 1:100. Furthermore, traders have the flexibility to choose their preferred currency for account funding, including options like USD, EUR, and GBP.
The instant funding program accounts also come with a scaling plan, which is detailed in the accompanying spreadsheet. To be eligible for scaling your account, the only requirement is to achieve a 10% profit target. Once you reach this profit goal, you can start scaling your account. It’s important to note that withdrawing funds from your account won’t hinder its scalability. As soon as your cumulative profits reach the 10% profit target, your account becomes eligible for scaling.
Example:
The profit target for this account type is 10%.
Week 1: You gain 4.2% and withdraw your profits.
Week 2: You gain 5.8% and withdraw your profits.
Your total profits have reached 10% which makes you eligible for a scale-up since you have reached the 10% profit target.
Trading instruments for the instant funding program account are forex pairs, commodities, and indices.
Instant funding program account rules
- The profit target denotes a specific profit percentage that traders must achieve before they can successfully complete an evaluation phase, withdraw profits, or expand their accounts. In the case of the scaling plan, the profit target is set at 10%.
- The maximum loss refers to the predetermined threshold beyond which a trader’s overall losses cannot exceed without violating their account. For all account sizes, the maximum allowable loss is capped at 6%.
- Traders are required to set a stop-loss on every position before initiating a trade. This practice, known as stop-loss required, ensures that risk management measures are in place.
- Before entering a trade, traders must establish a specific percentage-based stop-loss for each position, referred to as stop-loss risk per position. A minimum stop-loss risk of 2% is mandated for every trade.
- Lot size consistency is a regulation that mandates traders to maintain uniformity in the sizes of the positions they open. Typically, it is defined by a specified percentage indicating the allowable deviation in lot sizes between positions.
- The use of any form of martingale strategy is strictly prohibited for traders. The policy of “no martingale allowed” ensures that traders refrain from employing this particular strategy while engaging in trading activities.
- Third-party copy-trading risk pertains to the potential hazards associated with utilizing copy-trading services provided by external parties. Traders should be aware that such services may already be used by other traders, resulting in identical trading strategies. Engaging in third-party copy trading runs the risk of being denied a funded account or withdrawal if the maximum capital allocation rule is breached.
Additional enhancements available for FTUK’s instant funding program accounts
Access Level 8 expansion: Enjoy a 10% price increment for the acquisition of your instant funding account
The optional omission of compulsory stop-loss: Benefit from a 20% price increment for the acquisition of your instant funding account
Reimbursement of joining fee: Receive a 25% price increment for the acquisition of your instant funding account
Please note that you have the flexibility to select a single add-on option or combine multiple options to suit your individual preferences.
What makes FTUK different
What makes FTUK unique among other proprietary trading firms is its distinctive approach, which encompasses two separate funding programs: Evaluation and Instant Funding. In FTUK’s evaluation program, traders are required to successfully complete a one-phase evaluation and reach a profit target of 10% while adhering to a maximum loss limit of 6%. Traders must also follow specific risk management measures, including required stop-loss orders, stop-loss risk per position, and consistency in lot sizes. The evaluation program also features a scaling plan to accommodate successful traders. Unlike many other well-known prop firms, FTUK doesn’t impose any restrictions on the number of trading days, allowing traders to focus on the evaluation process without feeling rushed.
Moreover, FTUK provides an alternative option through its instant funding program accounts. Similar to the evaluation program, traders participating in the instant funding program must achieve a profit target of 10% and maintain a maximum loss limit of 6%, all while complying with the same risk management guidelines. The instant funding program also includes a scaling plan. What sets FTUK apart from other leading prop firms is the absence of any requirements concerning maximum or minimum trading days. This flexibility empowers traders to manage their evaluation period at their own pace, without the added pressure of meeting specific time objectives. Additionally, traders have the option to bypass the evaluation altogether and start generating profits immediately.
To sum it up, FTUK distinguishes itself from other prominent prop firms by offering two distinct funding programs and straightforward rules, all without imposing limitations on maximum or minimum trading days. At FTUK, traders enjoy the flexibility to engage in trading during news events, hold positions overnight, and even trade on weekends.
Is getting capital realistic
When evaluating proprietary trading firms that match your forex trading style, it’s essential to assess how achievable their trading requirements are. While a company might offer an attractive profit-sharing model for well-capitalized accounts, it’s crucial to investigate whether they impose demanding monthly profit targets while minimizing losses. Falling short of meeting such rigorous expectations could significantly reduce your chances of success.
Obtaining capital through evaluation program accounts is generally practical, as they typically set a reasonable profit goal of 10% and a maximum allowable loss of 6%. Similarly, securing capital through instant funding program accounts is also viable, as these programs enable you to start earning immediately. The initial program level sets a 10% profit target, effectively quadrupling your capital. Additionally, adhering to the maximum loss limit of 6% is an attainable condition for accessing funding.
Considering all these factors, FTUK stands out as an excellent choice for securing funding. They offer two distinct funding programs, each characterized by realistic trading objectives and conditions for eligibility for payouts.
Regarding payment processing, FTUK was founded on December 10, 2021. Traders can initiate profit-sharing withdrawals by submitting an invoice, and it’s advisable to allow up to two business days for payout processing. The processing duration may vary depending on the chosen payment method.
For reliable payment verification, FTUK provides pertinent evidence on their YouTube channel, where they conduct interviews with traders. To gain a better understanding of the payment process, we recommend watching two specific videos for insights.
Which brokers does FTUK use
FTUK operates with Eightcap as its brokerage firm, with its main office situated in London. Meanwhile, their customer support and sales teams extend their services throughout Asia, ensuring 24/7 coverage for their worldwide clientele.
Regarding trading software, FTUK provides the option to engage in trading activities on both MetaTrader 4 and MetaTrader 5 platforms.
In terms of trading options, FTUK empowers its customers to engage in trading activities involving forex pairs, precious metals, indices, and various commodities.
Education and Support
FTUK offers educational material on their website through their Blog, which is divided into four distinct sections:
- General
- Trader’s Mindset
- Technical Strategy
- Trader Interviews
Furthermore, FTUK provides its clients with a user-friendly and organized dashboard, facilitating risk management and the tracking of their performance statistics. This trader dashboard serves as the homepage for clients.
FTUK offers a comprehensive FAQ page that houses pertinent information that may address any inquiries or uncertainties you might have.
To avail of assistance, their support team can be reached through their social media platforms or via direct communication using the email address support@ftuk.com.
The office operates during the standard business hours of Monday to Friday, from 09:00 to 18:00 GMT.
For additional inquiries or further clarification, FTUK can be contacted by telephone number +44 (20) 8798 2605.
Clients review
FTUK has garnered stellar reviews, receiving high praise for its services.
Trustpilot hosts a vibrant community with numerous active members who consistently offer positive feedback. This has culminated in an impressive rating of 4.6 out of 5, as evidenced by 150 reviews. Moreover, their reliable customer support team is readily accessible to address any questions or concerns, ensuring that comprehensive information is promptly provided.
Clients have expressed appreciation for the prompt support services offered by FTUK, a valuable feature that any prop firm can offer.
Additionally, FTUK employs a system of soft violations, wherein clients are notified when they breach rules. This approach allows clients to rectify their mistakes and doesn’t lead to an immediate loss of their accounts, fostering a learning environment.
Social media stats
FTUK can also be found on social media.
They have a:
- Facebook page with 364 followers
- Twitter account with 126 followers,
- Instagram profile with 12,3k followers,
- Youtube channel with 374 subscribers and 90 uploaded videos, and
- Telegram account with 581 subscribers.
Conclusion
In summary, FTUK stands out as a reputable proprietary trading company, offering traders the choice between two distinct funding programs: evaluation and instant funding.
Under the evaluation program, traders are required to reach a 10% profit target while staying within a maximum loss limit of 6%. There are no specific mandates regarding the number of trading days, but traders must adhere to certain regulations, including the mandatory use of stop-loss orders, limiting risk per position through stop-loss orders, and maintaining consistency in lot sizes.
Conversely, the instant funding program allows traders to request withdrawals from level two or higher without any specific profit target requirements. Similarly, there are no restrictions on the minimum or maximum number of trading days, but traders must still comply with the prescribed rules, such as employing mandatory stop-loss orders, limiting risk per position through stop-loss orders, and maintaining consistency in lot sizes.
FTUK comes highly recommended for those seeking a proprietary trading firm with clear and transparent regulations. As an established player in the proprietary trading industry, they offer favorable conditions for a diverse range of traders with various trading styles. After carefully evaluating all that FTUK has to offer, it is undoubtedly one of the most enticing choices within the proprietary trading firm sector.
