If you’re a trader looking for a prop firm to help take your trading profits to the next level, you may have come across FTUK. Before you make any decisions, it’s important to do your research and read reviews from other traders who have used their services. In this article, we’ll provide a comprehensive FTUK review to help you determine if this is the right prop firm for you.
FTUK offers both an evaluation program and an instant funding program for traders. The evaluation program is designed for traders who want to prove their skills and earn a funded account. The instant funding program is for profitable traders who want to skip the evaluation process and receive instant funding on a live account. We’ll go into more detail about these programs and their requirements in our review. Additionally, we’ll look at the benefits and drawbacks of using FTUK, as well as any feedback or reviews from other traders.
FTUK is a proprietary firm that was founded in February 2021. Their mission is to improve the world of proprietary trading and deliver a better service to profitable forex traders worldwide. The company offers a range of programs, including instant funding and evaluation programs, designed to help traders take their trading profits to the next level.
As a prop firm, FTUK provides traders with access to capital and resources to help them succeed in the industry. They are committed to providing a fair and transparent evaluation process, which allows traders to demonstrate their skills and earn funding for a live trading account.
FTUK is registered with Companies House in the United Kingdom, which provides additional assurance that the company is a legitimate business. They are also rated ‘Excellent’ on Trustpilot.
Overall, FTUK is a trusted and established prop firm in the industry, offering a range of programs and resources to help traders succeed. Whether you are a seasoned trader or just starting out, FTUK can provide you with the support and resources you need to take your trading to the next level.
Signing Up and Getting Started
To get started with FTUK, you’ll need to sign up for one of their funding programs. The process is straightforward, and you can do it all from their website. Here’s what you need to know:
- Go to the FTUK website and click on the “Join Now” button.
- Choose the funding program that best fits your needs. FTUK offers several programs, including an Instant Funding Program and an Evaluation Program.
- Pay the one-time sign-up fee to secure your funding program.
- Complete the registration process by providing your personal information and agreeing to the terms and conditions.
Once you’ve signed up, you’ll be taken to your dashboard. This is where you’ll find all the information you need to start trading with FTUK. You’ll be able to see your account balance, track your trading progress, and access all the tools you need to succeed.
If you’ve signed up for the Instant Funding Program, you’ll receive instant funding on a live account. You’ll be able to start trading right away and keep 80% of your profits. If you’ve signed up for the Evaluation Program, you’ll need to pass the evaluation phase before you can trade with live funds.
FTUK supports both MT4 and MT5 trading platforms, so you can choose the one that works best for you. You’ll be able to download the platform directly from the FTUK website and start trading immediately.
Overall, signing up and getting started with FTUK is a straightforward process. Once you’ve completed the registration process, you’ll have everything you need to start trading with confidence and success.
FTUK’s Funded Programs
If you’re a disciplined trader looking to take your trading profits to the next level, FTUK’s funded programs might be the perfect fit for you. With options like the Instant Funding Program and Trading Program, you can receive instant funding on a live account or take a more relaxed approach with less variance.
The Instant Funding Program is designed for profitable traders who want to start earning from level 1 without going through an evaluation. This program is perfect for traders who want to take profits to the next level much faster. With the Instant Funding Program, you can receive instant funding on a live account and start trading right away.
The Trading Program, on the other hand, is created for disciplined traders who prefer a relaxed program with less variance. To scale up in this program, your funded account must see at least a 10% profit, with an absolute drawdown of 6% and the use of leverage up to 1:100.
All of FTUK’s funded accounts come with a fixed equity stop-out level, which is the starting balance minus 6%. This is a fixed value and won’t trail up or down, meaning that any profit made will increase the loss allowance. For example, on a £10,000 funded account, the equity stop-out level is set at £9,400. If the account has realized a profit of £800, the equity stop-out level will increase to £9,600.
In summary, FTUK’s funded programs offer a great opportunity for disciplined traders who want to take their trading to the next level. With options like the Instant Funding Program and Trading Program, you can receive instant funding on a live account or take a more relaxed approach with less variance. All funded accounts come with a fixed equity stop-out level, making it easier for you to manage risk and maximize profits.
If you’re interested in joining FTUK’s proprietary trading program, you’ll need to pass an evaluation process. This evaluation process is designed to assess your trading skills and determine your suitability for the program. Here’s what you need to know about the evaluation process:
FTUK offers several evaluation programs with different account sizes and profit targets. The programs are designed to suit traders with different levels of experience and risk tolerance. You can choose the program that best fits your trading style and goals.
The evaluation stage is the first step in the process. You’ll need to trade a demo account for a specified period and meet the profit target. The profit target varies depending on the program you choose. During this stage, you’ll need to follow FTUK’s trading rules and risk management guidelines. You’ll also need to demonstrate consistency in your trading performance.
Once you’ve met the profit target, you’ll move on to the evaluation process. This stage involves a review of your trading performance by FTUK’s team of traders. They’ll assess your trading strategy, risk management, and overall performance. If you’ve passed the evaluation, you’ll receive a funded account with FTUK.
Tips for Success
To increase your chances of passing the evaluation process, here are some tips:
- Follow FTUK’s trading rules and risk management guidelines.
- Use a trading strategy that suits your trading style and goals.
- Manage your risk carefully and avoid overtrading.
- Keep a trading journal to track your performance and identify areas for improvement.
- Be patient and disciplined in your trading.
Overall, the evaluation process is a fair and transparent way to assess your trading skills and determine your suitability for FTUK’s proprietary trading program. If you’re a profitable trader with a solid trading strategy and risk management plan, you have a good chance of passing the evaluation and joining the program.
Trading Rules and Regulations
When it comes to trading with FTUK, there are strict rules and regulations that you must follow. These rules are in place to ensure that all traders are trading in a logical and profitable manner. Violation of these rules can lead to trading restrictions or account termination.
One of the most important rules is that traders should demonstrate logical risk throughout their trading month. FTUK does not limit your risk or lot size on situations, so it is up to you to use consistent risk throughout each trading month. Traders should use consistent risk each day and a consistent trading style throughout their trading month. If you choose to use multiple styles, this pattern would also need to be consistent throughout the month.
It is also important to note that prohibited EA rules are in place. This means that you cannot use any expert advisors or automated trading systems. Trading must be done manually. Additionally, traders are not allowed to hedge their positions.
FTUK provides fully funded forex trading accounts with payout plans and lucrative growth opportunities. However, it is important to follow the rules and regulations in order to maintain a profitable trading account. By adhering to these guidelines, you can increase your chances of success and avoid any potential trading restrictions or account termination.
Trading Strategy and Risk Management
As a trader, it is important to have a well-defined trading strategy that aligns with your goals and risk tolerance. Your trading strategy should be based on a thorough analysis of the markets and should be flexible enough to adapt to changing market conditions.
A disciplined trader always follows their trading plan and does not deviate from it, even when emotions are running high. A trading plan is a crucial component of your trading strategy, and it should include your entry and exit points, stop-loss orders, and profit targets.
Risk management is an essential part of any trading strategy. It is crucial to protect your trading capital while allowing for growth. A sound risk management strategy should be built into your trading plan and should include measures to limit your losses in case of adverse market conditions. You should always ensure that your risk-reward ratio is healthy and you are not risking too much of your capital on any single trade.
There are different trading styles, such as long-term and short-term trading. Short-term trading can be intense and time-consuming, requiring a minimum of 15 hours a week. It also requires emotional resilience, mental stamina, and a confident grasp of technical analysis. On the other hand, long-term trading allows you to take a more relaxed approach and focus on the bigger picture.
In conclusion, having a well-defined trading strategy and risk management plan is crucial for any trader. By following a disciplined approach and sticking to your trading plan, you can minimize your risks and increase your chances of success in the markets.
Leverage and Drawdowns
When it comes to trading, leverage is an essential tool that traders use to increase their potential profits. FTUK offers a maximum leverage of 1:100, which means that for every £1 in your account, you can open a position worth up to £100. However, it is important to remember that leverage can also amplify losses, so it is crucial to use it wisely and manage your risk accordingly.
Another important factor to consider when trading is drawdowns. Drawdown refers to the peak-to-trough decline in the value of a trading account. FTUK uses an absolute drawdown limit of 6%, which means that if your account balance falls below 94% of your starting balance, all your open positions will be closed automatically to prevent further losses.
Absolute drawdown is a key metric that traders can use to measure their risk. It shows the maximum loss that a trading account has experienced, regardless of whether the loss was due to a single trade or a series of trades. This is different from a relative drawdown, which measures the loss as a percentage of the account’s highest value.
FTUK’s drawdown limit ensures that traders are protected from excessive losses and can continue to trade with confidence. It is important to note that the drawdown limit is not a stop loss, and traders should still use stop losses to manage their risk.
In summary, leverage and drawdowns are important factors to consider when trading with FTUK. While leverage can increase potential profits, it can also amplify losses, so it is important to use it wisely. FTUK’s absolute drawdown limit of 6% ensures that traders are protected from excessive losses and can continue to trade with confidence.
Profit and Payout Details
As a trader with FTUK, you have the opportunity to earn profits through successful trades. The profit split between you and FTUK is 80/20, meaning you keep 80% of the profits, and FTUK keeps 20%.
To earn a payout, you must first reach your level 1 milestone target. After that, you can request a payout through the Traders Dashboard. The payout will be processed within two working days.
It is important to note that there is a fixed equity stop-out level for all funded accounts, which is the starting balance minus 6%. This means that if your account balance drops below this level, your account will be closed. However, any profits made will increase the loss allowance. For example, on a £10,000 funded account, the equity stop-out level is set at £9,400.
If you have not placed a single trade on your funded account, you can request a refund within 48 hours of signing up by emailing [email protected].
Overall, the profit and payout details with FTUK are straightforward and transparent. As long as you are a profitable trader and reach your milestone targets, you can earn profits and request payouts with ease.
Customer Support and Services
FTUK offers excellent customer support and services to its traders. Their support team is knowledgeable and always ready to assist you with any questions or concerns you may have. You can contact them through phone or email, and they also offer online chat support from Monday to Friday between 09:00 and 18:00 GMT.
If you have any issues with your account or need help with the platform, their customer service team is always available to help you. They are quick to respond and will work with you to resolve any problems you may encounter.
FTUK also offers fully funded accounts to traders who pass their evaluation process. This means that you can trade with confidence, knowing that you have the backing of a reputable prop firm behind you. This program is made for profitable
Overall, FTUK’s customer support and services are top-notch, and you can rely on them to provide you with the assistance you need to succeed in your trading journey.
Additional Features and Tools
FTUK offers a range of additional features and tools to enhance your trading experience. Here are some of the features that you can expect:
FTUK has a robust server infrastructure that ensures stability and reliability. This means that you can trade with confidence, knowing that your trades will be executed quickly and efficiently. The servers are monitored 24/7 to ensure that they are always running smoothly.
FTUK offers a range of add-ons that can significantly enhance your trading experience. These add-ons include bonus features that can help you to trade more effectively. For example, you can get double the maximum funding for any program to unlock level 8. Programs purchased without this upgrade will only be able to trade up to level 7.
FTUK’s platform is designed to be user-friendly and intuitive. This means that you can easily navigate the platform and find the tools and features that you need. The platform is also customizable, so you can set it up to suit your trading style.
FTUK allows you to use Expert Advisors (EAs) in your trading. EAs are automated trading systems that can help you to execute trades more efficiently. FTUK’s platform is compatible with a range of EAs, so you can choose the one that works best for you.
In summary, FTUK offers a range of additional features and tools that can help you trade more effectively. The platform is user-friendly and customizable, and the servers are stable and reliable. With the ability to use EAs and a range of add-ons, FTUK provides a comprehensive trading experience that caters to the needs of traders of all levels.
FTUK’s Trading Community
When it comes to trading, having a supportive community can be a game-changer. FTUK offers a trading community where traders can connect, share ideas, and learn from each other. This community is a great resource for traders who want to improve their skills and stay up-to-date with the latest news and trends in the industry.
The FTUK trading community is social and global, with members from all over the world. This means that you can connect with traders from different backgrounds and gain a unique perspective on the markets. The community is also active, with members sharing their trading experiences and insights on a regular basis.
One of the benefits of the FTUK trading community is that it provides a platform for traders to collaborate on trading strategies. This can be especially helpful for new traders who are still learning the ropes. By working with more experienced traders, they can gain valuable insights and improve their trading skills.
The FTUK trading community is also a great resource for traders who are looking for support and encouragement. Trading can be a lonely profession, and having a community of like-minded individuals can help alleviate some of the stress and isolation that traders may experience.
Overall, the FTUK trading community is a valuable resource for traders who want to improve their skills, connect with other traders, and stay up-to-date with the latest trends in the industry. With its social and global reach, it offers a unique opportunity for traders to collaborate and learn from each other.
Review of FTUK’s Trading Environment
When it comes to trading, having a good trading environment is crucial. FTUK offers a trading environment that is designed to be user-friendly and efficient. The leverage is up to 1:100, and it starts off at 1:10 and gradually increases as the trader scales through the levels. For more information on the scaling plan, you can check out the Scaling Plan section on the FTUK website.
FTUK allows all trading styles, which is great for traders who prefer to use a specific trading style. The trading rules are also clearly defined, which helps to avoid any confusion or misunderstandings. It is important to note that trading losses can occur, and traders should be aware of the risks involved in trading.
FTUK offers various trading accounts, including funded trading accounts. These accounts can be useful for traders who are looking to start trading but do not have the necessary funds to do so. The funded trading accounts offer a way to start trading without risking your own money.
Overall, FTUK’s trading environment is designed to be user-friendly and efficient. The trading rules are clearly defined, and the company offers a range of trading accounts to suit different needs. It is important to remember that trading losses can occur, and traders should be aware of the risks involved in trading.
FTUK’s Partners and Platforms
FTUK offers its traders the opportunity to trade on a variety of platforms powered by Eightcap. Traders can choose their preferred platform upon signing up with FTUK, subject to availability. The offered technical solution for FTUK’s platform and data feed is powered by its platform partner’s institutional liquidity providers.
Eightcap is a regulated broker that offers a variety of trading platforms and tools for traders. It provides access to over 200 financial instruments, including forex, indices, commodities, and cryptocurrencies. Eightcap’s trading platforms are user-friendly and offer advanced charting and analysis tools. The broker is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).
FTUK’s partnership with Eightcap ensures that traders have access to a reliable and secure trading environment. The platform offers low latency, fast execution, and competitive pricing. Traders can also benefit from Eightcap’s customer support, which is available 24/5.
FTUK’s institutional liquidity providers ensure that traders have access to deep liquidity and tight spreads. The liquidity providers are well-established financial institutions that offer competitive pricing and reliable execution.
In conclusion, FTUK’s partnership with Eightcap and its institutional liquidity providers ensures that traders have access to a reliable and secure trading environment.
If you are a profitable trader looking to take your trading profits to the next level much faster and start earning from level 1, then FTUK’s instant funding program might be a good fit for you. With this program, you can receive instant funding on a live account without having to go through an evaluation.
FTUK is a trusted service with a growing number of happy traders who trust them, as seen on their Trustpilot page. Moreover, the company is an established prop firm that offers various programs, including the evaluation program, which allows traders to get funded and start earning on their level 2 funded account after a minimum of 10 trading days.
One of the benefits of FTUK’s funded accounts is that they come with a fixed equity stop-out level, which is a starting balance – of 6%. This means that any profit made will increase the loss allowance. Additionally, traders can use an EA or Robot, and they can withdraw their profits as often as they want.
Overall, FTUK seems like a legitimate and trustworthy prop firm that offers various programs for traders who want to take their trading to the next level. If you are a profitable trader looking for an instant funding program or an evaluation program, FTUK might be worth considering.