In this article, we will compare The5%ers and FTUK in general and what they offer to forex traders.
In this article, we will compare The5%ers and FTUK in general and what they offer to forex traders.
In this article, we will go through what The5%ers and FTUK have to offer. We will compare the firms in general and what they offer to forex traders.
1. Company incorporation
The5%ers | FTUK | |
Incorporation date | April 2020π | December 2021 |
The5%ers and FTUK are legitimate proprietary trading firms. The5%ers was incorporated in April 2020 and has become one of the more successful firms in the industry. FTUK, on the other hand, is a relatively new proprietary trading firm incorporated in December 2021. However, despite the short period they are operating, they have made an excellent reputation for themselves and are attracting attention from forex traders worldwide.
2. Funding program options
Funding program options | The5%ers | FTUK |
One-phase evaluation | β | β |
$100k Bootcamp | β | β |
Freestyle | β | β |
Direct funding | β | β |
The5%ers and FTUK have the following funding program options that their community can choose from. The5%ers has a $100k Bootcamp, Freestyle, and direct funding program, while FTUK has a one-step evaluation and direct funding program.
Letβs look at the comparison between their direct funding programs since both proprietary trading firms are offering them.
Direct funding program comparison:
Rule/Guideline | The5%ers low-risk | The5%ers aggressive-risk | FTUK low risk | FTUK aggressive risk |
Profit target | 6% or 7%π | 12% | 10% | 25% |
Overall drawdown | 6% | 6% | 5%π | 5%π |
Leverage | 1:10 | 1:30π | Up to 1:50 | Up to 1:100π |
Trading period | 180 calendar days | 60 calendar days | No limitπ | No limitπ |
Profit split | 50% | 50% | Up to 80%π | Up to 80%π |
Now that we have gone through their rules and guidelines for their direct funding programs we are going to go through pricing for different account sizes.
Account size | The5%ers low-risk | The5%ers aggressive-risk | FTUK low risk | FTUK aggressive risk |
$6,000 | β¬235 | β¬235 | β | β |
$10,000 | β¬385 | β¬385 | β | β |
$14,000 | β | β | Β£150 | Β£150 |
$20,000 | β¬745 | β¬745 | β | β |
$40,000 | β | β | Β£410 | Β£410 |
$60,000 | β | β | Β£550 | Β£550 |
$90,000 | β | β | Β£950 | Β£950 |
3. Broker and trading platform
Now that we have gone through all of the funding programs that they are offering. Letβs compare which brokers and trading platforms you can use with each prop trading firm.
The5%ers | FTUK | |
Broker | Liquidity Provider who gives them Direct Market Access | Itexys |
Trading platform | MetaTrader 5 | MetaTrader 4 |
4. Trading instruments
Another important factor are trading instruments. Letβs see which trading instruments you can trade with The5%ers and which with FTUK.
Trading instrument | The5%ers | FTUK |
Forex pairs | β | β |
Commodities | β | β |
Indices | β | β |
5. Traders’ comments
The last thing we will go through is the feedback from The5%ers and FTUK prop firms. The reviews we will be looking at are from Trustpilot.
Trustpilot statistics | The5%ers | FTUK |
Rating | 4.8/5π | 4.7/5 |
Number of reviews | 576π | 87 |
The5%ers has a rating of 4.8/5, while FTUK has 4.7/5. The number of reviews differs immensely. The5%ers has 576 reviews, while FTUK has 87. One of the reasons behind such a huge difference is that The5%ers was incorporated more than a year before FTUK.
6. Conclusion
In conclusion, The5%ers and FTUK are two excellent proprietary trading firms. Both proprietary firms are quite similar. They both offer direct funding programs and have a large community built behind them. This can be easily seen from the reviews on Trustpilot. A significant difference would be the funding options. The5%ers offers a $100k Bootcamp, Freestyle, and direct funding program, while FTUK offers a one-phase evaluation and direct funding program.
Check our discount codes about the presented proprietary trading firms to end the comparison:
The5%ers 5% active discount link: https://the5ers.com/?ref=7909
FTUK 5% active discount code: forexpropreviews
This comparison was lastly updated on 05.08.2022 at 12:06 (CE(S)T).