Forex Traders UK (FTUK) burst onto the prop trading scene in 2021 with an innovative approach – instant funding accounts and highly scalable profits.
This London-based firm tantalizes traders with an 80% profit split 🤑. But does the reality live up to the hype? 🤔
In this FTUK review, we will dive deep into the generous scaling plan that lets traders access over $5 million in funding, analyze Trustpilot reviews and online chatter to separate fact from fiction, and much more!
FTUK Review | what is FTUK?
At FTUK, they believe trading should be accessible and rewarding for anyone with the skill and dedication to succeed. That's why they provide funding for talented traders to optimize their strategies with our capital while keeping 80% of the profits.
As you master your craft, FTUK empowers you to trade up to $5.76 million with no personal risk. Their Augmented Growth program doubles your funding each time you hit a key milestone, enabling unprecedented profit scaling.
And you don't just get capital. FTUK’s supportive community of senior traders provides coaching and courses to level up your skills. They support traders worldwide, at all stages of development, with advice tailored to your unique trading style.
FTUK lets you focus on perfecting your edge, while we provide the capital and infrastructure to rapidly grow your earnings. If you have the talent and drive to thrive in Forex, we have the framework to accelerate your success.
| Key Information | Details |
|---|---|
| CEO | Daniel Martin |
| Key features | Global Community, Risk-free trading, Generous Funding, Augmented Growth |
| Broker | Eightcap |
| Payout Split | 80% |
| Withdrawals | 1-3 days |
| Headquarters | London, UK |
| Max Funding | $5.76 million |
| Funding Programs | Evaluation Program, Instant Funding |
| Max Drawdown | 5-8% |
| Leverage | 1:100 |
| Tools | MetaTrader 4 and MetaTrader 5 |
| Contact | Contact via support@ftuk.com or by phone at +44 (20) 8798 2605. |
FTUK Key Features:
- Global FTUK Trading Community: Be part of our worldwide network of talented traders. Get guidance from senior traders as you develop your own unique trading style.
- Risk-Free Trading: We provide the capital so you can trade up to $5.76 million with no personal financial risk. Focus on honing your skills while keeping 80% of the profits.
- Generous Funding & Profit Sharing: Access ample funding to optimize your strategies. Our profit-sharing model lets you earn big while we fuel your trading dreams.
- Augmented Growth Accelerates Earnings: Our one-of-a-kind program doubles your funding each time you reach a new milestone. Achieve record growth rates and profit scaling!
How to Sign Up for FTUK? Step-by-Step Guide
Follow these to create your FTUK account! 🥳
- Go to the FTUK website (https://ftuk.com) and click on “Get Funded Now“
- Select the funding program and account level you want. FTUK offers an Instant Funding program starting from $14,000 or an Evaluation program going up to $90,000. (More details in the following sections! 😏)
- Choose your account currency – options are USD, EUR, or GBP.
- Read through the trading conditions like profit target, maximum drawdown, leverage allowed, etc. Make sure you understand and can meet these.
- Pay the one-time signup fee, which ranges from $149 to $599 depending on account size.
- Once FTUK receives your payment, you'll get your funded trading account credentials via email within 1 business hour typically.
- Log into your FTUK trader dashboard using the provided login details. Here you can access your funded account to start live trading.
Start trading! Aim to hit your first profit target milestone which will trigger an increase in your account balance.
FTUK Funding Programs
FTUK offers traders two options to access the firm's sizable capital accounts – skills Evaluation Program and Instant Funding.
1. Evaluation Program
The Evaluation Program enables FTUK to vet a trader's profitability and risk management abilities before granting access to accounts up to $2.56 million in size. Traders start with a $3,500 demo account balance and must hit a 10-25% profit target within an unlimited timeframe while avoiding exceeding a 6-8% maximum drawdown rule.
Once traders demonstrate skills in the evaluation, FTUK increases account funding substantially on a live account with great profit-sharing terms. At the maximum milestone, traders can access up to $2.56 million in funding at an 80% profit share rate.
The evaluation process allows FTUK to identify talented traders capable of managing sizable capital accounts. In turn, successful traders are rewarded with account balances and profit potential scaled up rapidly to accelerate their earnings.
So for traders looking to access life-changing amounts of funding, FTUK's evaluation program is the gateway. It verifies skills and rewards top talent with huge funding offers unavailable elsewhere.
Scaling Plan
The Evaluation Program offers traders the opportunity to scale up their accounts as they meet profit targets. Specifically, upon hitting a 10% profit target relative to the current account balance, traders can choose to increase their account size to the next funding level.
For example, a trader who meets the 10% target on a $50,000 account could scale up to a $100,000 account balance. Notably, traders who decide to scale up their account balance do not have to forfeit any of their accumulated profits. They can withdraw their earnings or allow profits to compound in the larger account. This incremental scaling pathway aims to accelerate top-performing traders' income potential as they demonstrate consistent profitability.
2. Instant Funding
FTUK's Instant Funding provides immediate access to live trading capital up to $5.76 million for traders who have already demonstrated profitability.
With no evaluation required, it allows skilled traders to quickly scale up income potential with generous 80% profit-sharing terms, no ongoing fees, and account balances that rapidly scale 400% higher after hitting reasonable 10% profit targets.
By eliminating evaluations, Instant Funding aims to accelerate earnings for talented traders ready to manage sizable capital accounts. With such ample funding and strong profit-sharing incentives, it gives proven talent the infrastructure to maximize their earning potential.
Scaling Plan
Similar to, The Evaluation Program, The Instant Funding program also enables traders to scale up their accounts as profit milestones are achieved. Specifically, upon hitting a 10% profit target relative to the current account balance, traders have the option to increase their account size to the next funding level.
For example, a trader who meets the 10% target on a $100,000 account could scale up to a $200,000 account balance. Notably, traders who decide to scale up their account balance do not have to forfeit any of their accumulated profits. They can withdraw their earnings or allow profits to compound in the larger account. This incremental scaling pathway aims to accelerate top-performing traders' income potential as they demonstrate consistent profitability.
FTUK Payouts
FTUK offers traders an attractive 80% profit split on all programs! This industry-leading rate allows talented traders to keep the lion's share of the income they generate.
Traders have the flexibility to request payouts from their share of profits as often as they want once they reach Level 2 funding or higher (minimum $50,000 account balances).
To initiate a payout, traders simply click a button on their dashboard interface. Payout requests are typically processed within 1-3 business days. As a risk management measure, trading is paused on the account during the payout period before automatically resuming.
Payout amounts must meet established minimum thresholds which vary slightly by currency.
For USD-denominated accounts, the minimum is $250. There are no fees or penalties associated with payouts. Most importantly, payouts do not get deducted from traders' profit targets or their ability to scale up to higher funding levels.
Traders continue accumulating profits toward the next milestones even while taking regular withdrawals.
What are the Advantages of Trading with FTUK Compared to Other Prop trading Firms?
FTUK allows trading a wide range of financial instruments including forex, indices, commodities, cryptocurrencies, and precious metals across hundreds of trading products. This provides traders more diversity and flexibility compared to prop firms that limit the assets traders can trade.
In addition to this, FTUK offers funding up to $5.76 million per trader across up to 3 accounts. This enables traders to take on larger trades and maximize profit potential. The profit split also goes up to 80% which is higher than many competitors. Instant funding programs are another advantage – traders can access live trading accounts and the company's capital immediately without needing to go through lengthy evaluation processes. This allows earning from day one.
FTUK also provides a lot of flexibility around holding overnight/weekend positions, using EAs, and a lack of minimum trading days. There are also no daily profit/loss limits. This accommodates different trading styles. The company has strong education and support services as well, including trading courses, materials, expert consultations, and a trading community. This helps traders learn and get support. The customer service team is also responsive in resolving issues.
Additionally, FTUK only charges a one-time fee to access programs, with no recurring monthly fees. Fees start from $119 for a $14K account. This is lower than most competitors. Overall, FTUK provides a combination of high-profit potential, flexibility, education, and support that makes it advantageous compared to many other prop firms.
| Prop Firm | FTUK | RebelsFunding | The Funded Trader | Lux Trading Firm |
|---|---|---|---|---|
| Trustpilot Rating | 4.2/5 | 4.3/5 | 4.4/5 | 4.4/5 |
| Max Funding | $576,000 | $640,000 | $600,000 | $10,000,000+ |
| Profit Split | Upto 80% | Upto 90% | Upto 90% | Upto 75% |
| Trading Instrument | Forex, Commodities, Indices, and Cryptocurrencies | Forex, Metals, Energies, Equities, Cryptocurrencies | Forex, Commodities, Indices, and Cryptocurrencies | Stocks, Bonds, Energies, Commodities, Indices, and Cryptocurrencies |
| Platforms and Tools | MetaTrader4 and MetaTrader5 | RF-Trader based on TradingView | NinjaTrader and Finamerk etc. | MetaTrader 5, TradingView |
Trustpilot Ratings and Reviews of FTUK
FTUK or Forex Traders UK has an excellent rating of 4.2/5.0 on Trustpilot! 🤩
Let’s go through some of the reviews together! 🤙
Review 1:
This guy is absolutely in awe of the Prop firm! Look how he is asserting that FTUK is an all-rounder!
Review 2:
This person writes about the Demand Draft of FTUK! It doesn’t hike up when you make more and more profit! An added benefit, isn’t it?!
Review 3:
FTUK set up a VIDEO MEETING with this trader to resolve his/her issues! I mean… what lengths they go to…incredible👌
FAQs on FTUK Review
What happens if you violate a trading rule?
Your account will be closed and you have to repay the activation fee to restart.
Does FTUK offer free trials or repeats?
No, FTUK does not currently offer free trials or repeats.
What trading platforms does FTUK offer?
FTUK offers the MetaTrader 4 and MetaTrader 5 trading platforms.
Can you use EAs and robots for trading?
Yes, FTUK allows the use of EAs and robots, with some restrictions around strategy types.
What instruments can you trade with FTUK?
You can trade forex, indices, commodities, cryptocurrencies, and precious metals. There are hundreds of trading products available.
Is FTUK regulated?
No. As a prop firm, FTUK is not required to be regulated.
Bottom Line
So, should you hitch your wagon to FTUK's rising star? In three words: it's worth considering. While not a risk-free path to trading glory, FTUK offers enough rocket fuel (up to nearly $6M in capital) for daring traders to shoot for the moon.
Sure, the launch pad isn't perfect. Their split caps profits more than competitors, and lower-tier traders only get economy seating. Expect turbulence too in the form of strict drawdown rules to fight against.
Yet for all its quirks, FTUK provides smooth rides for the right pilots. Those able to navigate risk controls can tap into ample account firepower to amplify returns. Customer support and education add navigation value as well during the flight.
Buckling up with FTUK may not guarantee a safe landing on Easy Street. But for thrill-seekers able to handle high stakes, it does offer loads of thrust to pursue outsized gains. So traders desiring capital to pursue their loftiest market dreams should absolutely give FTUK's programs serious consideration. Just be prepared for the ride!
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