REVIEW SUMMARY
FTUK is a Forex prop firm, located in USA. It was founded in 2021.
FEATURES
Instruments: Forex, Indices, Commodities, Crypto.
Max balance: $6,400,000
Profit split: up to 80%
Cost: from $99
Platforms: MT5, MatchTrader, DXtrade.
PROS & CONS
What I like:
What could be improved:
FTUK is a prop trading firm located in the UK.
In this article, you’ll get a review of this prop firm, including analysis and instructions to get funded with an account from FTUK.
Here’s what you’re going to learn:
FTUK is a prop firm located in Texas, US. It was founded in 2021 so it already has some experience with funding traders.
FTUK is a prop firm that funds traders to trade Forex and other CFDs trading assets.
Here’s a list of all of the instruments:
FTUK funds traders with account balances that go from $10,000 up to $100,000. These accounts can be scaled up to $6,400,000 as you keep having good results trading.
Depending on the product that you choose, you may get instant funding or need to pass a 1-phase or 2-phase evaluation process.
The prices of the products are different according to the account size that you are applying to.
The prices of the smaller funded account start at $99 (two-step account) and go up to $1,499 (instant funding) for the bigger account.
The leverage provided by the prop firm depends on the instrument category that you are trading. Here’s the list of leverage by category:
The profit split is 80% from day one for the two-step program.
For the instant funding and one-step programs, the profit share starts at 50% and gradually increases up to 80%.
There are other prop firms with higher payouts, but we can say that this is pretty much the industry standard. The program with instant funding gives you the same 80% profit split as the steps programs, which is not common and a positive thing.
According to Trustpilot, FTUK is classified as excellent. It’s scoring 4.6/5.0 after 150 reviews from users.
The Two-Step program was made for traders who want to get funded at an affordable cost. If you have time to get to your funded account, this is the cheapest option.
This program has a profit target that can be achieved without any minimum or maximum trading days. You just need to avoid exceeding a maximum drawdown and a daily drawdown on both phases.
Note that the profit target decreases in the 2nd phase of the challenge.
Here are all the details:
The One Step program was made for traders who want to get funded at a good cost without waiting as much time as needed in the 2-step program.
This product has a profit target to achieve. There are no minimum or maximum trading days. You just need to avoid exceeding a maximum drawdown and a daily drawdown.
Here are all the details:
The Instant Funding program was made for traders who want to get funded immediately.
This product has a profit target to achieve. There are no minimum or maximum trading days. You just need to avoid exceeding a maximum static drawdown.
Here are all the details:
If you like to use EAs to trade, FTUK is a great prop firm for you. They allow EAs although some types of strategies are banned.
These include arbitrage trading, martingale, or EAs that trade tick scalping, HFT (high-frequency trading), or grid trading.
Unfortunately, FTUK doesn’t offer free trials at the moment.
FTUK doesn’t provide free repeats.
If you violate any rule, you need to pay the activation fee again to restart your challenge or get your instant funding account back.
FTUK gives you access to a popular trading platform used by Forex brokers and propfirms.
You can use:
Holding trades overnight is allowed on all programs. You can have your positions open for as long as you want according to your own trading style.
The same applies to holding trades over the weekend. Just be careful with daily and weekend gaps.
There are no restrictions on news trading. You just need to be careful with the volatility, but if you’re like me, those are the best times of the day to trade. Just don’t exceed your maximum safe lot size and manage your trades properly.
Here are all the payment types accepted by FTUK:
Yes, FTUK is a legitimate company.
Here are the contacts to reach them:
You can also contact them through the live chat on their website.
Here’s the list of the best FTUK alternatives:
For more alternatives check our alternative prop firm tool:
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