FTUK Review (discount code: forexpropreviews)

FTUK encourages its traders to succeed in their careers. They enable them to earn more profits by trading up to £6,720,000 in balance. You can choose from an instant funding program and an evaluation program. To become funded in the evaluation program, you have to pass their 1-Phase Evaluation Process. After doing so, you have specific Profit Targets that you must reach to scale your account balance. Upon successful completion, you are rewarded with 50-80% profit splits and a double up on your account balance.

Who are FTUK?

FTUK is a proprietary firm with an office based in the UK, London. They offer their traders up to three accounts with a £2,240,000 balance in size and use Itexsys as their broker.

They are a registered UK company under FTUK Ltd, with company number 13793849.

FTUK was incorporated on the 10th of December 2021 and is registered under Kemp House, 160 City Road EC1V 2NX London, UK.

Funding program options

FTUK offers two different instant funding growth options: low-risk and aggressive. You can choose from the £2,500, £7,500, £10,000, and £17,500 account sizes which can scale up from £640,000 up to £2,240,000 in account balance depending on the account size you choose. You can manage three of these accounts, but keep in mind that you cannot merge them. 

For low-risk accounts from £2,500 to £17,500, you must reach a profit target of 10% for level one, which multiplies your account funds four times. Further scaling up requires profit targets of the same 10%, and your balance gets doubled up every time from £640,000 up to £2,240,000 depending on the account size you choose. You must also respect the 5% maximum loss rule, which you cannot surpass.

The prices for low-risk account types:

• £2,500 low-risk account £150
• £7,500 low-risk account £410
• £10,000 low-risk account £550
• £17,500 low-risk account £950

You must also consider that you are allowed to trade low-risk account types with a leverage of 10:1, while the maximum stop loss required for every open position is 1.5%. Level one of the program has a maximum time of completion, which is 90 days. Low-risk account types offer a 50-80% profit split.

For aggressive accounts from £2,500 to £17,500, you must reach a profit target of 25% for level one, which multiplies your account funds four times. Further scaling up requires profit targets of the same 25%, and your balance gets doubled up every time from £640,000 up to £2,240,000 depending on the account size that you choose. You must also respect the 5% maximum loss rule, which you cannot surpass.

The prices for aggressive account types:

• £2,500 aggressive account £150
• £7,500 aggressive account £410
• £10,000 aggressive account £550
• £17,500 aggressive account £950

You must also consider that you can trade aggressive account types with a leverage of 30:1 while the maximum stop loss isn’t required but is advised since all trades with a P&L of -2.5% or more will be automatically closed. Level one of the program has a maximum time of completion, which is 90 days. Aggressive account types offer a 50-80% profit split.

Remember that you are allowed to trade during the weekends, overnight, during news, use EAs, while hedging and scalping (trades need to be open for a minimum of 30 seconds) are also allowed. Account funding is in GBP.

Besides the instant funding low-risk and aggressive account types, FTUK also offers an Evaluation program with two different growth options: low-risk and aggressive. You can choose from the following four account sizes:

• £10,000 account for £119
• £30,000 account for £299
• £40,000 account for £349
• £70,000 account for £449

The Evaluation process is made out of 1 Phase, which requires a Profit Target of 10% for low-risk account types, while aggressive account types require a Profit Target of 25%. You are allowed to trade with 10:1 leverage for low-risk accounts, while aggressive accounts allow up to 30:1 leverage. You have a maximum trading period of 90 days, and you cannot surpass the 5% absolute drawdown.

Low-risk evaluation program:

Aggressive evaluation program:

FTUK offers account funding in USD, EUR, or GBP. You are allowed to trade on Meta Trader 4, where you can trade forex pairs, metals, indices, and commodities.

What makes FTUK different from other prop firms?

FTUK is different from most industry-leading firms due to having an option to opt for instant funding or the 1-Phase evaluation process with low-risk or aggressive account types.

Compared to other prop firms FTUK have small leverages of 10:1 for low-risk programs and 30:1 for aggressive instant funding and 1-phase evaluation accounts. A significant difference from other firms is that they can choose from instant funding and 1-Phase Evaluation programs to get funded.

Another major difference is that you are allowed to hold trades overnight, during the weekends, high-impact news releases, while EA’s are also allowed.

In conclusion, FTUK offers instant funding and a 1-phase evaluation process with low-risk or aggressive account types. Still, it would be best to consider the stop-out limits for low-risk account types, which you cannot surpass. On the other hand, a required stop-loss on every open trade potentially reduces the risk of hitting the maximum stop-out limit.

Is getting FTUK capital realistic?

It’s essential to see how realistic the trading requirements are when looking at prop firms that best suit your forex trading style. For example, a company offering a high % profit split on a highly funded account sounds great, but if they expect high % gains per month with low % maximum drawdowns, your chances of success become close to zero.

After considering all of that, FTUK is an excellent choice to get funded with. This is since you choose to go with instant funding or 1-phase evaluation process account types. The only rule you need to focus on is the Maximum absolute drawdown of 5%, which you cannot surpass, and for low-risk account types, the maximum stop loss required for every open position of 1.5%.

You are allowed to trade overnight, during weekends, and during high-impact news releases, while also using EA’s, which is excellent for every trader looking to scale up his account up to £2,240,000.

Payment proof

FTUK was incorporated on the 10th of December, 2021. Traders can request withdrawals of their profit splits by submitting an invoice, which you should allow up to two working days for the pay-out to be processed. The amount of time required will vary depending on the payment method you have used.

You can find reliable payment proof on their youtube channel in one of the videos they interview their traders in. For example, you can watch and hear about payments in the following two videos.

Which brokers do FTUK use?

FTUK uses Itexsys as their broker. Their headquarters are located in London, while their support and sales teams do business across Asia while covering all time zones with a global client base.

As for trading platforms, they allow you to trade on Meta Trader 4.

Trading instruments

FTUK allows its clients to trade forex pairs, metals, indices, and commodities.

Education & Support for traders

FTUK provides educational content on their website under their Blog. You can find four different subsections:

• General
• Traders mindset
• Technical strategy
• Traders interview

FTUK also provides a well-structured dashboard to all their clients, making it easier to manage risk with all the objectives of their statistics.

Trader dashboard – Home page

Trader dashboard – Statistics page with closed positions

Trader dashboard – Statistics page with open positions

Traders comments about FTUK

FTUK has excellent feedback from reviews. 

On Trustpilot, they have a large variety of their community commenting and giving positive feedback with a great score of 4.7/5 out of 59 reviews. They also have a reliable support team that will provide you with all the necessary information you require from them or if you are unsure of anything.

Their clients mentioned how they provide a prompt support service for their needs, which is always great to have from any prop firm.

You also have a few soft violations about which you get notified if you break them, meaning that their clients don’t instantly lose their accounts but get another chance to learn from their mistake.

Social media statistics

FTUK can also be found on social media.

They have a:

• Facebook page with 142 followers
• Twitter account with 57 followers,
• Instagram profile with 12,5k followers,
• Youtube channel with 238 subscribers and 77 uploaded videos, and
• Telegram account with 603 subscribers.

Support

FTUK has a FAQ page where you might find the information that you are missing.

The support team is available on their social media, or you can directly contact them on their email support@ftuk.com.  

Their office hours are Monday – Friday 09:00 – 18:00 GMT.

You can also contact FTUK for any further information through telephone number +44 (20) 8798 2605.

Conclusion

In conclusion, FTUK offers instant funding with the option to choose from low-risk and aggressive risk types ranging from £2,500 to £17,500, which can be scaled up from £640,000 up to £2,240,000 depending on the account size that you choose. Your primary goal is to hit a Profit Target of 10% on low-risk accounts and 25% on aggressive accounts for completing level one. Your account balance gets multiplied by four times, and from then on to a balance from £640,000 up to £2,240,000 depending on the account size you choose. You can double and scale up your low-risk accounts by reaching a profit target of 10% and your aggressive accounts by reaching a profit target of 25%. You have to respect the 5% absolute drawdown at all times.

Another option you can opt for is their 1-phase Evaluation process with the option to choose from low-risk and aggressive account types ranging from £10,000 to £70,000, which can be scaled up from £640,000 up to £2,240,000 depending on the account size that you choose. Your primary goal is to hit a Profit Target of 10% on low-risk accounts and 25% on aggressive accounts for completing level one. Your account balance gets doubled, and from then on you can scale it up to a balance from £640,000 up to £2,240,000 depending on the account size you choose. You can double and scale up your low-risk accounts by reaching a profit target of 10% and your aggressive accounts by reaching a profit target of 25%. You have to respect the 5% absolute drawdown at all times.

They offer excellent conditions with instant funding and a small number of limitations for various traders with different strategies. Your primary focus should be risk management, which every successful trader must be disciplined about, especially since the 5% absolute drawdown on all three account types.

The review about FTUK was lastly updated on 05.05.2022 at 10:44 (CE(S)T).

So, what do you think about the layout of the Proprietary Trading firm? Does FTUK have the instruments that you want to trade?

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