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FTUK: Reviews And In-Depth Analysis

FTUK

Rating: 4.7

REVIEW SUMMARY

FTUK is a Forex prop firm, located in USA. It was founded in 2021.

FEATURES

Instruments: Forex, Indices, Commodities, Crypto.

Max balance: $5,760,000

Profit split: 80%

Cost: from $149

Platforms: MatchTrader

PROS & CONS

What I like:

  • You can get up to 1:100 leverage to trade your funded account.
  • Your accounts can scale up to $5+ Million. That's an enormous amount of money to trade.
  • No minimum or maximum trading days to achieve your targets.
  • Instant funding and 1-step challenges available.

What could be improved:

  • The profit split is only 80%.
  • There's no free trial of the platform.

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:

What Is FTUK?

FTUK is a prop firm located in Texas, US. It was founded in 2021 so it already has some experience with funding traders.

What Can You Trade With FTUK?

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:

  • Forex: Major and minor currency pairs
  • Indices
  • Commodities
  • Cryptocurrencies

What Are The FTUK Account Sizes?

FTUK funds traders with account balances that go from $14,000 up to $90,000. These accounts can be scaled up to $5,760,000 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 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 $149 (evaluation account) and go up to $1,200 (instant funding) for the bigger account.

What Is The FTUK Leverage?

The leverage provided by the prop firm depends on the instrument category that you are trading. Here’s the list of leverage by category:

  • Forex pairs: 1:10, up to 1:100
  • Commodities: 1:10, up to 1:100
  • Indices: 1:5
  • Cryptocurrencies: 1:2

How Much Is The FTUK Payout?

The profit split is 80% from day one on all the programs.

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 evaluation, which is not common and a positive thing.

FTUK Link

FTUK Reviews

According to Trustpilot, FTUK is classified as excellent. It’s scoring 4.6/5.0 after 150 reviews from users.

FTUK Evaluation Program

The Evaluation program was made for traders who want to get funded at an affordable cost.

This product has a profit target to achieve. There are no minimum or maximum trading days. You just need to avoid exceeding a maximum absolute drawdown.

Here are all the details:

  • Minimum days to trade: No minimum.
  • Challenge duration: No maximum, you can trade as long as you need to reach the target.
  • Maximum absolute drawdown: 8%
  • Profit target: 10%

FTUK Instant Funding Program

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 absolute drawdown.

Here are all the details:

  • Minimum days to trade: No minimum.
  • Challenge duration: No maximum, you can trade as long as you need to reach the target.
  • Maximum absolute drawdown: 8%
  • Profit target: 10%

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FTUK EAs (Expert Advisors)

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.

FTUK Free Trial

Unfortunately, FTUK doesn’t offer free trials at the moment.

FTUK Free Repeat

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 Link

FTUK Platforms

FTUK gives you access to a popular trading platform used by Forex brokers and propfirms.

You can use:

  • MatchTrader
  • DXtrade
  • cTrader

FTUK Trading Hours

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.

FTUK News Trading

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.

Is FTUK Legit?

Yes, FTUK is a legitimate company.

Here are the contacts to reach them:

  • Email: support@ftuk.com
  • Address 1: 3017 Boiling Way NE Atlanta, GA 30305, USA
  • Address 2: 6220 Westpark Dr., Suite 149 C 1028, Houston, TX 77057, USA

You can also contact them through the live chat on their website.

FTUK Alternatives

Here’s the list of the best FTUK alternatives:

For more alternatives check our alternative prop firm tool:

Get Alternatives To Any Prop Firm

Recap

  • FTUK is a prop trading firm based in the US.
  • You can get a funded account with up to $5,760,000 in balance and an 80% profit split payout.
  • To get access to a funded account you have two options: instant funding programs or a one-phase challenge program.
  • You can trade Forex and other CFDs like Indices, Commodities, and Cryptocurrencies.
  • The popular cTrader, MatchTrader and DXtrade platforms are available to trade.

Learn More

FTUK Link

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Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

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