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.
- Instant funding
- Single-phase evaluation process
- Reliable support
- Weekend and overnight positions allowed
- News trading allowed
- Free of charge commissions for commodities, indices, and crypto
- Zero swap fees
- Fast payment procedures
- Profit share of 80%
- Leverage up to 1:100
- One-time fee
- Manage up to 3x $5,760,000 capital
- Starting leverage of 1:10
- 2% Max stop loss risk limit
- Lot size consistency rule
FTUK encourages its traders to succeed in their careers. They enable them to earn more profits by trading three trading accounts up to 3x $5,760,000 in balance. You can choose between 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 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 $5,760,000 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
- Instant funding program accounts
Evaluation program accounts
FTUK’s evaluation program account allows traders to meet the evaluation requirements in an unlimited time 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 evaluation phase requires a trader to reach a profit target of 10% while not surpassing their 6% maximum loss rule. You are allowed to trade for an unlimited time period. In addition, you also don’t have any minimum trading day requirements. While trading, note that you are required to set a maximum stop loss risk per position of 2%.
By completing the evaluation phase, you are awarded a funded account where you have no profit targets. You are only required to respect the 6% maximum loss rule. In addition, you are also required to set a maximum stop loss risk per position of 2%. 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 80% profit splits based on the profit you make.
Evaluation program account scaling plan
| Level 1 | Level 2 | Level 3 | Level 4 | Level 5 | Level 6 | Level 7 | Level 8 |
|---|---|---|---|---|---|---|---|
| $3,500 | $14,000 | $28,000 | $56,000 | $112,000 | $224,000 | $448,000 | $896,000 |
| $10,000 | $40,000 | $80,000 | $160,000 | $320,000 | $640,000 | $1,280,000 | $2,560,000 |
| $15,000 | $60,000 | $120,000 | $240,000 | $480,000 | $960,000 | $1,920,000 | $3,840,000 |
| $22,500 | $90,000 | $180,000 | $360,000 | $720,000 | $1,440,000 | $2,880,000 | $5,760,000 |
| Leverage: 1:10 | 1:10 | 1:20 | 1:20 | 1:30 | 1:30 | 1:50 | 1:100 |
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 evaluation program account are forex pairs, commodities, indices, and cryptocurrencies.
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 6%.
- 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 2% 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 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.
Add-on options for FTUK’s evaluation program accounts
- Unlock scaling level 8: 10% price increase when purchasing your evaluation account
- No mandatory stop-loss: 20% price increase when purchasing your evaluation account
- Joining fee refund: 25% price increase when purchasing your evaluation account
- Evaluation retake: 50% price increase when purchasing your evaluation account
Keep in mind that you can choose one add-on option, or you can choose multiple based on your personal preference!
Instant funding program accounts
FTUK’s instant funding program account allows traders to skip the evaluation altogether and start earning from the start. You are awarded 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.
Instant funding program account scaling plan
| Level 1 | Level 2 | Level 3 | Level 4 | Level 5 | Level 6 | Level 7 | Level 8 |
|---|---|---|---|---|---|---|---|
| $3,500 | $14,000 | $28,000 | $56,000 | $112,000 | $224,000 | $448,000 | $896,000 |
| $10,000 | $40,000 | $80,000 | $160,000 | $320,000 | $640,000 | $1,280,000 | $2,560,000 |
| $15,000 | $60,000 | $120,000 | $240,000 | $480,000 | $960,000 | $1,920,000 | $3,840,000 |
| $22,500 | $90,000 | $180,000 | $360,000 | $720,000 | $1,440,000 | $2,880,000 | $5,760,000 |
| Leverage: 1:10 | 1:10 | 1:20 | 1:20 | 1:30 | 1:30 | 1:50 | 1:100 |
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 instant funding program account are forex pairs, commodities, indices, and cryptocurrencies.
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 scaling plan 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 6%.
- 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 2% 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 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.
Add-on options for FTUK’s instant funding program accounts
- Unlock scaling level 8: 10% price increase when purchasing your instant funding account
- No mandatory stop-loss: 20% price increase when purchasing your instant funding account
- Joining fee refund: 25% price increase when purchasing your instant funding account
Keep in mind that you can choose one add-on option, or you can choose multiple based on your personal preference!
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. In addition, you also have no maximum or 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 are a one-phase evaluation program that requires traders to complete and hit a profit target before being eligible for payouts. The profit target for the evaluation program is 10%, with a 6% maximum loss rule, required stop-loss, stop-loss risk per position, and lot size consistency. Evaluation program accounts also have a scaling plan. Compared to other industry-leading prop firms, they have no maximum or minimum trading day requirement, which means that traders can take their time with the evaluation period without the additional stress of having to meet time objectives.
Compared to other prop firms, FTUK also has instant funding program accounts. The profit target for instant funding programs is 10%, with a 6% maximum loss rule, required stop-loss, stop-loss risk per position, and lot size consistency. Instant funding program accounts also have a scaling plan. Compared to other industry-leading prop firms, they have no maximum or minimum trading day requirement, which means that traders can take their time with the evaluation period without the additional stress of having to meet time objectives. In addition, they can also skip the evaluation altogether and start earning from the start.
In conclusion, FTUK is different from other industry-leading prop firms by offering two different funding programs. In addition, you also have straightforward rules with no maximum or minimum trading day limitations, 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 program accounts is realistic mostly since they have an average profit target of 10% with an average 6% maximum loss rule.
Receiving capital from the instant funding program accounts is also realistic since they are direct funding programs where you can start earning from the start. The first level has a profit target of 10%, which will multiply your capital by four times. In addition, regarding the maximum loss rules, it is also realistic to receive funding since traders have a 6% maximum loss rule to follow.
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 payout 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.
In addition, you can also find payment proof on their Discord channel which you can see below:
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 and MetaTrader 5.
Trading instruments
FTUK allows its clients to trade forex pairs, metals, indices, and commodities.
| FOREX: | EURUSD | GBPUSD | USDJPY | USDCAD | AUDUSD |
| NZDUSD | USDCHF | AUDCAD | AUDCHF | AUDJPY | AUDNZD |
| CADCHF | CADJPY | CHFJPY | EURAUD | EURCAD | EURCHF |
| EURGBP | EURJPY | EURNZD | GBPAUD | GBPJPY | GBPNZD |
| NZDCAD | NZDCHF | NZDJPY |
| METALS: | XAUUSD | XAGUSD |
| INDICES: | AUS200 | E35EUR | 100GBP | F40EUR | D30EUR |
| JPN225 | E50EUR | SP500 | NAS100 | DJI30 |
| COMMODITIES: | UKOIL | USOIL |
Trading fees
Trading commission:
| Assets | Fee terms |
|---|---|
| FOREX | 4 USD / LOT |
| COMMODITIES | 0 USD / LOT |
| INDICES | 0 USD / LOT |
Spread:
In order to check the live spreads login to the trading account below:
| Platform | Server | Login number | Password | Download platform |
|---|---|---|---|---|
| Meta Trader 4 | EightcapLtd-Demo2 | 20180408 | SXhfhCnh | Click 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 great feedback from reviews.
On Trustpilot, they have a large variety of their community commenting and giving positive feedback with a great score of 4.2/5 out of 190 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 364 followers
- Twitter account with 126 followers,
- Instagram profile with 12,3k followers,
- Youtube channel with 374 subscribers and 90 uploaded videos, and
- Telegram account with 581 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 [email protected].
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.
The evaluation program accounts require you to hit a profit target of 10% while not surpassing the 6% maximum loss rule. You have no maximum or minimum trading day requirements. However, you are required to respect the following rules: required stop-loss, stop-loss risk per position, and lot size consistency.
With instant funding program accounts, you have no profit targets requirements to be able to request your withdrawal from level two or higher anytime. You also have no maximum or minimum trading day requirements. However, you are required to respect the following rules: required stop-loss, stop-loss risk per position, and lot size consistency.
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 more attractive options within the proprietary trading firm industry.
The review about FTUK was lastly updated on 04.10.2023 at 08:52 (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!
FTUK Review (discount code: forexpropreviews) Details
I would suggest bigger account sizes
They should change the leverage to 1:100, but I like prop firms without challenges 😀
Customer Support 10/10 😀
Very good company
Thanks for discount code
Love direct funding
Just received my 1st payout. All good for now
I visited their offices in UK, they have a nice team of people
the negative points almost completely eat up the positive ones. it makes little sense when a company advertises to have one of the fastest scaling plans and at the same time only allows 1.5% max risk with SL.*laughing
Hands off and wait and see… with these conditions I can not see any advantages over the competition.
That’s the same as if you advertise to have one of the fastest race tracks in the world, but you can not go faster than 20 km / h, no matter with what car.
such a good customer support team
great news that they upgraded from itexsys to eightcap as their broker