FTUK Review (discount code: forexpropreviews)
4.3

FTUK Review (discount code: forexpropreviews)

FTUK believe that everybody deserves a chance, consequently making trading affordable for anyone who desires to become a successful trader. As their clients master new trading skills and show their results, they trust them more and scale their capital.
Home » FTUK Review (discount code: forexpropreviews)

FTUK was founded in February 2021 with a mission to improve the proprietary trading world. They want to deliver enhanced services to their profitable traders worldwide.

Pros
  • Instant funding
  • Single-phase evaluation process
  • Excellent Trustpilot rating of 4.7/5
  • Reliable support
  • Weekend and overnight positions allowed
  • News trading allowed
  • Zero commission or swap fees
  • Fast payment procedures
  • Profit share up to 80%
  • One-time fee
  • Manage up to $6,720,000 capital
Cons
  • Low leverage 10:1 & 30:1
  • 1.5% Max stop loss risk limit on low-risk account types

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 Eightcap 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.

Video review

Funding program options

FTUK offers two different programs to choose from:

  • Evaluation program accounts
    1. Low-risk evaluation program accounts
    2. Aggressive evaluation program accounts
  • Instant funding program accounts
    1. Low-risk instant funding program accounts
    2. Aggressive instant funding program accounts

Evaluation program accounts

1. Low-risk evaluation program accounts

FTUK’s low-risk evaluation program account allows traders to meet the evaluation requirements in an up to 180 day period, where you are allowed to trade with up to 1:50 leverage. You are also able to choose your account funding between USD, EUR, and GBP.

The low-risk evaluation phase requires a trader to reach a profit target of 10% while not surpassing their 5% maximum loss rule. You are allowed to trade for a maximum time period of 180 days, during this time you are required to reach the profit target while not having any minimum trading day requirements. While trading you are also required to set a maximum stop loss risk per position of 1.5%.

By completing the evaluation phase you are awarded a funded account where you have no profit targets. You are only required to respect the 5% maximum loss rule. In addition, you are also required to set a maximum stop loss risk per position of 1.5%. You can request your payouts from level two or higher anytime. Note that the withdrawal will not affect the account growth, as well as it doesn’t require the funded trader to compensate for the profit that was paid out. You are awarded 50% all the way up to 80% profit splits based on the profit you make.

Low-risk evaluation program account scaling plan

Account sizeLevel 1Level 2Level 3Level 4Level 5Level 6Level 7
£2,500£10,000£20,000£40,000£80,000£160,000£320,000£640,000
£7,500£30,000£60,000£120,000£240,000£480,000£960,000
£10,000£40,000£80,000£160,000£320,000£640,000£1,280,000
£17,500£70,000£140,000£280,000£560,000£1,120,000£2,240,000

Low-risk evaluation program accounts also have a scaling plan which you can see in the spreadsheet above. To become eligible to scale your account the only requirement is to reach a profit target of 10%. You are eligible to scale your account when you reach your profit target. Another positive feature you should consider is that your withdrawals won’t affect your account from scaling up. Your account will be eligible for scaling when your total profits reach the 10% profit target.

Example:

The profit target for this account type is 10%.

Week 1: You gain 4.2% and withdraw your profits.

Week 2: You gain 5.8% and withdraw your profits.

Your total profits have reached 10% which makes you eligible for a scale-up since you have reached the 10% profit target.

Trading instruments for the low-risk evaluation program account are forex pairs, commodities, and indices.

Low-risk evaluation program account rules

  • Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. The evaluation phase profit target is 10%.
  • Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 5%.
  • Maximum trading days are the maximum period in which you are required to hit a specific profit target or withdrawal target. The maximum number of trading days for the evaluation period is 180 days.
  • Stop-loss required means that traders must set a stop-loss on every position before they can open a trade.
  • Stop-loss risk per position means that a trader must set a specific percentage based stop-loss on every position before they can open a trade. A stop-loss risk of 1.5% is required for each position.
  • Lot size consistency is a rule that requires traders to use similar lot sizes on the positions that they open. It is usually specified by a certain percentage of how much the lot sizes can differentiate from each other.
  • No hedging allowed means that traders are not allowed to use any type of hedging strategy while trading.
  • No martingale allowed means that traders are not allowed to use any type of martingale strategy while trading.
  • Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

2. Aggressive evaluation program accounts

FTUK’s aggressive evaluation program account allows traders to meet the evaluation requirements in an up to 90 days period, where you are allowed to trade with up to 1:100 leverage. You are also able to choose your account funding between USD, EUR, and GBP.

The aggressive evaluation phase requires a trader to reach a profit target of 25% while not surpassing their 5% maximum loss rule. You are allowed to trade for a maximum time period of 90 days, during this time you are required to reach the profit target while not having any minimum trading day requirements. Aggressive evaluation program accounts don’t have a maximum stop loss risk per position rule.

By completing the evaluation phase you are awarded a funded account where you have no profit targets. You are only required to respect the 5% maximum loss rule. You can request your payouts from level two or higher anytime. Note that the withdrawal will not affect the account growth, as well as it doesn’t require the funded trader to compensate for the profit that was paid out. You are awarded 50% all the way up to 80% profit splits based on the profit you make.

Aggressive evaluation program account scaling plan

Account sizeLevel 1Level 2Level 3Level 4Level 5Level 6Level 7
£2,500£10,000£20,000£40,000£80,000£160,000£320,000£640,000
£7,500£30,000£60,000£120,000£240,000£480,000£960,000
£10,000£40,000£80,000£160,000£320,000£640,000£1,280,000
£17,500£70,000£140,000£280,000£560,000£1,120,000£2,240,000

Aggressive evaluation program accounts also have a scaling plan which you can see in the spreadsheet above. To become eligible to scale your account the only requirement is to reach a profit target of 25%. You are eligible to scale your account when you reach your profit target. Another positive feature you should consider is that your withdrawals won’t affect your account from scaling up. Your account will be eligible for scaling when your total profits reach the 25% profit target.

Example:

The profit target for this account type is 25%.

Week 1: You gain 10.5% and withdraw your profits.

Week 2: You gain 14.5% and withdraw your profits.

Your total profits have reached 25% which makes you eligible for a scale-up since you have reached the 25% profit target.

Trading instruments for the aggressive evaluation program account are forex pairs, commodities, and indices.

Aggressive evaluation program account rules

  • Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. The evaluation phase profit target is 25%.
  • Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 5%.
  • Maximum trading days are the maximum period in which you are required to hit a specific profit target or withdrawal target. The maximum number of trading days for the evaluation period is 90 days.
  • Stop-loss required means that traders must set a stop-loss on every position before they can open a trade.
  • Lot size consistency is a rule that requires traders to use similar lot sizes on the positions that they open. It is usually specified by a certain percentage of how much the lot sizes can differentiate from each other.
  • No hedging allowed means that traders are not allowed to use any type of hedging strategy while trading.
  • No martingale allowed means that traders are not allowed to use any type of martingale strategy while trading.
  • Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

Instant funding program accounts

1. Low-risk instant funding program accounts

FTUK’s low-risk instant funding program account allows traders to skip the evaluation altogether and start earning from the start. You are awarded 50% all the way up to 80% profit splits based on the profit you make while trading with up to 1:50 leverage. You are also able to choose your account funding between USD, EUR, and GBP.

Low-risk instant funding program account scaling plan

Account sizeLevel 1Level 2Level 3Level 4Level 5Level 6Level 7
£2,500£10,000£20,000£40,000£80,000£160,000£320,000£640,000
£7,500£30,000£60,000£120,000£240,000£480,000£960,000
£10,000£40,000£80,000£160,000£320,000£640,000£1,280,000
£17,500£70,000£140,000£280,000£560,000£1,120,000£2,240,000

Low-risk instant funding program accounts also have a scaling plan which you can see in the spreadsheet above. To become eligible to scale your account the only requirement is to reach a profit target of 10%. You are eligible to scale your account when you reach your profit target. Another positive feature you should consider is that your withdrawals won’t affect your account from scaling up. Your account will be eligible for scaling when your total profits reach the 10% profit target.

Example:

The profit target for this account type is 10%.

Week 1: You gain 4.2% and withdraw your profits.

Week 2: You gain 5.8% and withdraw your profits.

Your total profits have reached 10% which makes you eligible for a scale-up since you have reached the 10% profit target.

Trading instruments for the low-risk instant funding program account are forex pairs, commodities, and indices.

Low-risk instant funding program account rules

  • Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. The evaluation phase profit target is 10%.
  • Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 5%.
  • Stop-loss required means that traders must set a stop-loss on every position before they can open a trade.
  • Stop-loss risk per position means that a trader must set a specific percentage based stop-loss on every position before they can open a trade. A stop-loss risk of 1.5% is required for each position.
  • Lot size consistency is a rule that requires traders to use similar lot sizes on the positions that they open. It is usually specified by a certain percentage of how much the lot sizes can differentiate from each other.
  • No hedging allowed means that traders are not allowed to use any type of hedging strategy while trading.
  • No martingale allowed means that traders are not allowed to use any type of martingale strategy while trading.
  • Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

2. Aggressive instant funding program accounts

FTUK’s aggressive instant funding program account allows traders to skip the evaluation altogether and start earning from the start. You are awarded 50% all the way up to 80% profit splits based on the profit you make while trading with up to 1:100 leverage. You are also able to choose your account funding between USD, EUR, and GBP.

Aggressive instant funding program account scaling plan

Account sizeLevel 1Level 2Level 3Level 4Level 5Level 6Level 7
£2,500£10,000£20,000£40,000£80,000£160,000£320,000£640,000
£7,500£30,000£60,000£120,000£240,000£480,000£960,000
£10,000£40,000£80,000£160,000£320,000£640,000£1,280,000
£17,500£70,000£140,000£280,000£560,000£1,120,000£2,240,000

Aggressive instant funding program accounts also have a scaling plan which you can see in the spreadsheet above. To become eligible to scale your account the only requirement is to reach a profit target of 25%. You are eligible to scale your account when you reach your profit target. Another positive feature you should consider is that your withdrawals won’t affect your account from scaling up. Your account will be eligible for scaling when your total profits reach the 25% profit target.

Example:

The profit target for this account type is 25%.

Week 1: You gain 10.5% and withdraw your profits.

Week 2: You gain 14.5% and withdraw your profits.

Your total profits have reached 25% which makes you eligible for a scale-up since you have reached the 25% profit target.

Trading instruments for the aggressive instant funding program account are forex pairs, commodities, and indices.

Aggressive instant funding program account rules

  • Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. The evaluation phase profit target is 25%.
  • Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 5%.
  • Stop-loss required means that traders must set a stop-loss on every position before they can open a trade.
  • Lot size consistency is a rule that requires traders to use similar lot sizes on the positions that they open. It is usually specified by a certain percentage of how much the lot sizes can differentiate from each other.
  • No hedging allowed means that traders are not allowed to use any type of hedging strategy while trading.
  • No martingale allowed means that traders are not allowed to use any type of martingale strategy while trading.
  • Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

What makes FTUK different from other prop firms?

FTUK is different from most industry-leading firms due to having two different funding programs: Evaluation and instant funding, you can also choose from low-risk and aggressive models with both funding programs. In addition, you also have no minimum trading days, you can trade during news, hold trades overnight, and during weekends.

Compared to other prop firms, with FTUK’s evaluation program accounts, you can choose between a low-risk account or an aggressive account. The profit target for the low-risk accounts is 10% with a 5% maximum loss, required stop-loss, and 1.5% stop-loss risk per position rule, however, you have no minimum trading day requirements in a maximum trading day period of 180 days. The profit target for the aggressive accounts on the other hand is 25% with a 5% maximum loss, and required stop-loss, however, you have no minimum trading day requirements in a maximum trading day period of 90 days. Both evaluation program accounts also have a scaling plan. Compared to other industry-leading prop firms they have no minimum trading day requirement while also allowing you to take it slow since you have a maximum trading day period of 180 days for low-risk accounts and 90 days for aggressive accounts.

Compared to other prop firms, with FTUK’s instant funding program accounts, you can choose between a low-risk account or an aggressive account. The profit target for the low-risk accounts is 10% with a 5% maximum loss, required stop-loss, and 1.5% stop-loss risk per position rule, however, you have no minimum or maximum trading day requirements. The profit target for the aggressive accounts on the other hand is 25% with a 5% maximum loss, and required stop-loss, however, you also have no minimum or maximum trading day requirements. Both instant funding program accounts also have a scaling plan. Compared to other industry-leading prop firms they have no minimum or maximum trading day requirements on low-risk as well as aggressive instant funding programs allowing traders to take their time and not rush with trading.

In conclusion, FTUK is different from other industry-leading prop firms by offering two different funding programs while also being able to choose between low-risk and aggressive models with both funding programs. In addition, you also have straightforward rules with no minimum trading days, you can trade during news, hold trades overnight, and during weekends.

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.

Receiving capital from evaluation programs is realistic since you can choose from low-risk or aggressive accounts. The evaluation program requires you to hit a profit target (10% with low-risk and 25% with aggressive accounts) while not surpassing the 5% maximum loss rule. You have no minimum trading day requirements while you have a maximum trading day period of 180 days for low-risk and 90 days for aggressive accounts.

Receiving capital from the instant funding programs is also realistic since they are direct funding programs where you can start earning from the start. You can choose from low-risk and aggressive instant funding program accounts while having no profit targets to reach to be able to request your withdrawal from level two or higher anytime.

After considering all of that, FTUK is an excellent choice to get funded since you have two different funding programs you can choose from that have realistic trading objectives to follow and conditions to receive payouts.

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 Eightcap 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.

FOREX:EURUSDGBPUSDUSDJPYUSDCADAUDUSD
NZDUSDUSDCHFAUDCADAUDCHFAUDJPYAUDNZD
CADCHFCADJPYCHFJPYEURAUDEURCADEURCHF
EURGBPEURJPYEURNZDGBPAUDGBPJPYGBPNZD
NZDCADNZDCHFNZDJPY
METALS:XAUUSDXAGUSD
INDICES:AUS200E35EUR100GBPF40EURD30EUR
JPN225E50EURSP500NAS100DJI30
COMMODITIES:UKOILUSOIL

Trading fees

Trading commission:

AssetsFee terms
FOREX 0 USD / LOT
COMMODITIES 0 USD / LOT
INDICES 0 USD / LOT

Spread:

In order to check the live spreads login to the trading account below:

PlatformServerLogin numberPasswordDownload platform
Meta Trader 4EightcapLtd-Demo319922367ZGV8BVsBClick here

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 86 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 255 followers
  • Twitter account with 87 followers,
  • Instagram profile with 12k followers,
  • Youtube channel with 286 subscribers and 88 uploaded videos, and
  • Telegram account with 582 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 is a legitimate proprietary trading firm that offers traders a chance to choose between two different funding programs: evaluation and instant funding, you can also choose from low-risk and aggressive models with both funding programs.

With evaluation program accounts, you can choose from low-risk or aggressive programs. The evaluation program requires you to hit a profit target (10% with low-risk and 25% with aggressive accounts) while not surpassing the 5% maximum loss rule. You have no minimum trading day requirements while you have a maximum trading day period of 180 days for low-risk and 90 days for aggressive accounts.

With instant funding program accounts, you can also choose from low-risk or aggressive programs where you can start earning from the start. You have no profit targets requirements to be able to request your withdrawal from level two or higher anytime. You also have no minimum or maximum trading day requirements.

I would recommend FTUK to anyone looking for a prop firm with straightforward rules. They are a well-established proprietary trading firm that offers excellent conditions for a big pool of individuals with unique trading styles. After considering everything FTUK has to offer, they are for sure one of the industry-leading prop firms.

The review about FTUK was lastly updated on 26.08.2022 at 09:55 (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?

Let us know if you enjoyed our FTUK Proprietary Trading firm review!

Use the following code for a 5% discount: forexpropreviews

FTUK Review (discount code: forexpropreviews) Details

Trading platform
Deposit Methods
Withdrawal Methods
Tradable instruments
Brokers
Account Currencies
Maximum capital allocation
Account size up to:
$90,000
Use code for 5% discount: forexpropreviews
*Choose your account size and make a payment
4.0
Fees
4.0
Trading platform
5.0
Deposit and withdrawal
4.0
Customer Support
4.3 Overall Rating

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