FTUK has launched the “FTUK Account Protector,” an automated tool assuring risk management.
FTUK has launched the “FTUK Account Protector,” an automated tool assuring risk management.
FTUK firmly believes that providing complete freedom to its traders has been the cornerstone of its success. However, they have realized that many accounts are blowing up and concluded that they need to take immediate action regarding risk management. So, after conducting a comprehensive analysis, the firm has discovered that poor risk management practices are the primary cause of account breaches. To promote risk management awareness, FTUK has launched the “FTUK Account Protector,” an automated tool encouraging traders to remain mindful of their downside risk.
Moreover, traders who demonstrate long-term consistency are adept at shortening losses and allowing their winners to run. This helps traders stay in their accounts longer—the longer they stay in the game, the greater their chance of success.
Also, FTUK shared that they want to let you know that this change will not impact customers who had a challenge or funded account before May 1st. Only traders who purchase a new program from May 1st onwards will be subject to the new policy.
Moreover, the FTUK Account Protector is an automated risk management tool that encourages traders to always be aware of their downside risk.
Here is how it works:
So, both instances are considered soft breaches on the account. If the Account Protector closes any of your trades, you are free to continue trading without restrictions.
Also, the Account Protector is designed to promote a positive approach to risk management. Think of it as having your own personal risk manager behind you who remains objective at all times, giving you a chance to stay in the game longer.
Here are some interesting facts about the firm:
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