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  1. What is FTUK?
  2. FTUK Pros Cons
  3. Is FTUK Legit?
  4. FTUK Challenge
  5. Funded Account
  6. Account Conditions
  7. Payout
  8. FTUK Alternative

Our Review Method

  • 55Brokers Financial Experts with over 15 years of experience in Trading check and verify carefully Proprietary Trading Firm offerings and what the challenge you have to pass to become a Funded Trader to give an expert opinion on FTUK and its reliability

What is FTUK?

FTUK, established in February 2021, represents a significant evolution in the proprietary trading firm landscape. This firm distinguishes itself by offering ambitious and skilled traders two main pathways to success: the Evaluation program and the Instant Funding program. It offers two main programs for traders: the Evaluation program and the Instant Funding program.

The firm aims to enhance the proprietary trading world by providing improved services to profitable traders globally. Traders who join FTUK can expect a streamlined joining process and the opportunity to earn while trading with the firm’s capital.

While FTUK prop firm presents a promising opportunity, potential traders should consider their trading style, risk management strategies, and compatibility with the firm’s programs. The proprietary trading world is competitive and demands discipline, strategic acumen, and the ability to adapt to market changes. Read more about Prop Trading here

FTUK AdvantagesFTUK Disadvantages
Low FeesNo Strict Overseeing
Good PricingIt is hard to become Funded Trader
Availability of Instant FundingLimited Instrument Range
Good Profit ShareMandatory Stop-loss
MT5 and MT4 with EAsNo Alternative Platofrms
Refundable FeeFee refundable only if trade is not placed
Good range of Accounts with suitable conditions
FTUK Website

Is FTUK Legit?

FTUK is considered legitimate based on various positive reviews and its operation within the USA, where the trading environment is known to be strict and highly regulated. The positive feedback highlights the firm’s solid risk management strategies, which allow for news trading and overnight trades. Additionally, customers have praised FTUK for its excellent customer service and the intuitive design of its dashboard.

  • Proprietary Trading firms typically do not operate under Forex Broker licenses. Consequently, they are subject to less regulation and are not monitored by industry regulators. This means that they do not offer the highest level of safety, as the firms themselves oversee their operations and provide the funds for trading activities. Therefore, it is crucial to be fully aware of all the risks involved.

Is FTUKScam?

We investigated the legitimacy of the company through its official website and found no indications that FTUK is a scam. However, given that Proprietary Trading Firms are minimally regulated by financial authorities, determining the definitive nature of the firm as either a scam or a genuine entity can be challenging.

As our professional advise, it is best to learn well about Prop Trading, understand risks and choose Company with a good reputation also one operate for many years so the proposal is more stable. Yet, since you do not invest much money to trading but just pay subscription fees the potential losses still considered lower if compared to engaging into Real Trading with your own funds.

FTUK Registration

FTUK Challenge Evaluation Rules

The focal point of our FTUK review revolves around examining the structure of the evaluation challenge, including the prerequisites for enrollment in the trading challenge. This encompasses the nature of the test required to secure a Funded Trading Account, enabling one to become a Proprietary Trader, as well as the financial obligations—primarily the Registration Fee—incumbent upon a trader to fulfill this role.

  • FTUK provides its traders with a streamlined, 1 step evaluation program designed for simplicity and effectiveness. This program initiates traders with a demo account, allowing them to transition to live trading once they successfully meet predefined evaluation criteria.

Account Balance and Registration Fee

To start Ftuk Trading your first step is to decide on the Account Balance level you wish to aim for. The size of the account you select influences the specific conditions of the challenge, including variations in the challenge requirements. Moreover, the choice of account size directly impacts the registration fee you’re required to pay to engage in the challenge. For a detailed comparison of registration fees across different account sizes, refer to our Registration Fee comparison table provided below.

  • The 1-step Evaluation Program at FTUK is designed for traders to demonstrate their trading skills in a simulated environment, with funding amounts ranging from $14,000 to $90,000. This single-phase process is noted for its simplicity, allowing traders to proceed at their own pace without the constraints of time limits.
  • Successful traders in this program can rapidly scale their operations and enjoy benefits like low sign-up fees, the ability to hold trades overnight and over weekends, and the option to withdraw earnings from level 2 onward
  • FTUK also offers an Instant funding option that caters to traders ready to bypass the evaluation stage and dive directly into live trading. This option offers immediate access to funding, enabling traders to earn from day one.
FeesFTUKFTMOThe Funded Trader
Minimum Account Size$14,000$10,000$50,000
Fee $149€155$289
Maximum Account Size$90,000$200,000$400,000
Fee$599€1 080$1,869
Reset or Test RetakeYesYesYes
Is Fee Refundable?YesYesYes

Profit Target

FTUK sets a milestone target of 10% for its funding levels across all accounts. When a trader reaches this target, they are instructed to close all open trades and report their achievement to FTUK. Successfully hitting the first milestone allows a trader’s funding amount to be increased by 400%, and for every subsequent milestone achieved, the funding amount is doubled.

Maximum Loss

FTUK has set the absolute drawdown limit at 8% for its funded accounts. This means there is a fixed equity stop-out level for each funding level. Once the account equity drops below this fixed stop-out threshold, all running trades are closed, and trading access is disabled. This stop-out level is a fixed value for each funding level, which implies that any profits made by the trader increase the loss allowance, providing a cushion and potentially more room to manage trades before hitting the drawdown limit

Minimum Trading Period

There is no longer a minimum trading days requirement for their programs which is a big plus. As soon as a trader hits their milestone target, they become eligible for a payout and additional funding responsibility​

See the detailed table with FTUK Challenge conditions based on Account Size:

Free Trial

FTUK does not currently offer a free trial for their trading programs. This policy means that potential traders interested in FTUK’s funding opportunities must proceed through the standard sign-up and evaluation process without the option to test the platform and trading conditions free of charge.

FTUK Funding

Upon successfully completing the test or challenge, the trader will receive their Funded Account setup, which can typically take a few business days to activate. It’s essential to understand that the account’s conditions and balance will mirror those qualified for in the test. If a trader wishes to upgrade to a higher-grade account, they must undertake and pass the test anew for the desired Account Balance they aim to trade with.

Profit Split

FTUK offers a profit split of 80% to the trader, which is among the more generous offerings in the proprietary trading firm industry. This means that traders keep 80% of the profits they generate, while FTUK retains 20%. The profit split applies once traders successfully complete their evaluation phase or when they start trading with an instant funding account.

Instant Funding

The Instant Funding Program caters to traders ready to bypass the evaluation stage and dive directly into live trading. This option offers immediate access to funding after a one time payment, enabling traders to earn from day one. Highlights of the program include starting on a live account, earning from the first day, no time limits, and rapid capital scaling. Like the Evaluation Program, traders can withdraw their profits from level 2 onwards, holding trades overnight and over weekends, thus offering significant flexibility

FTUK Instant Funding

Payout and Withdrawals

FTUK facilitates payouts once a trader has advanced to a level 2 funded account or higher. Traders become eligible for a payout after they have traded for a minimum of 10 trading days on their level 2 account​​. This structured approach ensures traders have demonstrated consistent trading ability before receiving their earnings.

Withdrawal Method

To process payouts, FTUK utilizes Deel, a platform designed for managing global payments and contracts. Once a payout request is approved, the funds are credited to the trader’s Deel account. If Deel is not available in the trader’s country, FTUK can make direct payments via PayPal or cryptocurrency. From Deel, traders can then transfer their earnings through various means, including bank transfer, Deel Card, Coinbase, PayPal, Payoneer, Revolut, and Wise​

Account Conditions

We meticulously evaluate broker offerings, including account types, trading platforms, instruments, and costs. It’s also vital to review leverage options and trading terms, as restrictions on strategies or certain practices could lead to account loss. In such cases, requalification through testing is necessary. See below for more details:

Trading Instruments

FTUK provides a diverse range of trading instruments, catering to various trading preferences and strategies. Their offerings include Forex, Commodities, Indices, and Cryptocurrencies, featuring digital currencies like Bitcoin and Ethereum. This variety ensures traders have access to a wide spectrum of financial markets.

FTUK Commission

Based on our research, FTUK typically offers commission-free trading, meaning traders don’t incur additional charges for executing trades. Instead, the firm generates revenue through the spread, which is the difference between the buy and sell prices of a financial instrument. This model allows traders to execute trades without worrying about commissions eating into their profits.

Leverage

FTUK provides leverage options tailored to different trading programs and risk levels. For low-risk programs, traders can access leverage of up to 1:50, while aggressive programs offer leverage of up to 1:100.

FTUK App Platform

FTUK offers access to leading trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are renowned for their user-friendly interfaces, advanced charting tools, customizable indicators, and automated trading capabilities through Expert Advisors (EAs).

Trading Conditions

Based on our findings, the FTUK broker offers two account conditions eith Swap Accounts suitable for swing trading or swap free accounts available in all challenges available for trader who prefer to avoid overnight charges.

  • FTUK allows traders to implement various trading strategies, including scalping, day trading, swing trading, hedging, and news trading. However, it’s essential to adhere to certain conditions and risk management practices to ensure compliance with the firm’s guidelines.
  • FTUK prohibits several trading strategies including Martingale, Tick scalping, Arbitrage trading, Hedge arbitrage trading, and Latency arbitrage trading to maintain market integrity and mitigate risks associated with disruptive or exploitative trading practices.
  • FTUK mandates the use of stop loss orders, particularly for low-risk programs. Traders are required to set stop loss orders to manage risk effectively, ensuring that potential losses are limited within predefined thresholds.

FTUK Conditions

FTUK Promotions

Based on our research, the company occasionally offers promotions featuring FTUK Coupons for discounts and FTUK Promo Codes. However, these conditions are typically temporary, so it’s advisable to confirm availability upon signing in.

FTUK Alternative Brokers

In conclusion, FTUK offers a compelling proposition for traders seeking access to proprietary trading opportunities. With its transparent evaluation process, flexible funding options, and generous profit split model, FTUK provides a supportive environment for traders to hone their skills and grow their trading capital. While traders must adhere to risk management guidelines and avoid prohibited strategies, FTUK’s diverse range of trading instruments, competitive commissions, and partnership with reputable brokers like Eightcap ensure traders have access to robust trading tools and resources.

FTUK’s cons include the potential risks associated with leveraged trading, the need to strictly adhere to risk management guidelines, including mandatory stop loss orders, and avoiding prohibited strategies.  Hence it is always advisable to consider also alternative firms:

  • FTMO — Great Swing Trading Prop Firm
  • The 5ers Good for USA Trading on Funded Accounts
  • The Funded Trader — Best for Higher Account Size

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