FTUK: Review and Analysis [2024]

When considering the advantages and disadvantages of FTUK prop firm, it is essential to focus on what is most important to you. It would help if you did not look for a company without disadvantages because they do not exist. The main thing is that the advantages of FTUK prop trading firm vastly outweigh some of the disadvantages.

FTUK is a UK-based trading firm that supports talented forex traders and investors by providing them with funded trading accounts. Established in 2021, the true extent of this prop firm’s performance is yet to be fully determined. FTUK offers financial backing up to £1,000,000 or $5,760,000 to traders who demonstrate the ability to generate profits through a single-phase assessment procedure. Traders who meet the set objectives within the specified guidelines and timeframe qualify for financial support.

In addition to the assessment-based funding, FTUK also offers an immediate funding program for traders who prefer to skip the evaluation process. This option requires traders to achieve specified profit targets to earn their share of the profits.

While positioning itself as a top prop trading platform, FTUK faces challenges such as offering a lower profit split of 50% at initial levels and providing minimal leverage, which may not appeal to all traders.

FTUK of Key Features

FTUK offers numerous benefits, but key features include:

• Global trading community support and networking opportunities
• Risk-free trading with up to $5.76 million funding
• Generous funding and profit-sharing ensuring traders keep a significant portion of their earnings
• Accelerated earnings through augmented growth programs

FTUK, legally known as FTUK Inc., was established on December 10, 2021, and is headquartered in Dubai, United Arab Emirates. The company is led by CEO Haseem Gafer.

Website:	https://ftuk.com/
Start of Work:	December 2021
Account Currency:	USD, EUR, GBP
Minimum Deposit:	$119
Size of Account:	$14,000, $40,000, $60,000, $90,000
Instruments that can be traded:	Commodities, Forex, Indices, Metals
Max Funding:	$5.76 million
Max Drawdown:	5-8%
Leverage:	1:100
Spread:	No
Platforms:	DXtrade, Match-Trader, cTrader
Deposit Methods:	BTC, Visa
Withdrawal Methods:	Rise, PayPal, BTC
Contact:	[email protected] or by phone at +44 (20) 8798 2605

How legitimate is FTUK’s prop trading firm, and can it be trusted? We delve deeper into this topic in the FTUK prop firms review.

• Legal/License: FTUK is a legitimate proprietary company, offering funded accounts to skilled traders worldwide. It is officially licensed in the United Kingdom and associated with a broker approved by the Financial Conduct Authority (FCA), underscoring its legitimacy and adherence to stringent financial regulations.
• Support: FTUK equips traders with essential tools and services to effectively analyze their trading performance. Traders can access comprehensive transaction data, performance metrics, and analytics directly through the trading platform or dedicated account dashboards. Additionally, FTUK provides responsive customer support to swiftly address any queries or issues, ensuring a seamless and straightforward trading experience.
• Reputation: FTUK has established a solid reputation within the trading community, praised for its transparency and supportive environment. Customer feedback often highlights the prompt and helpful customer service, favorable trading conditions, and opportunities for account growth.
• Safety: Safety and regulatory compliance are paramount when choosing a trading firm. FTUK adheres to relevant financial regulations and employs rigorous security measures to safeguard traders’ funds and personal information. By maintaining high standards of compliance and business practices, FTUK builds trust and reliability among its users.

FTUK stands out by offering a diverse array of financial instruments for trading, including forex, indices, commodities, cryptocurrencies, and metals. This broad selection ensures a comprehensive trading experience and surpasses many competitors that limit available trading assets.

Furthermore, FTUK provides substantial financial backing of up to $5.76 million per trader across up to three accounts, allowing for larger trades and enhanced profit potential. With a profit share of up to 80%, FTUK exceeds many competitors in terms of potential earnings.

Immediate funding programs allow traders to access live trading accounts and company capital without lengthy evaluations, enabling immediate earnings. FTUK also offers flexibility in position holding, use of expert advisors, and imposes no minimum trading requirements or daily profit or loss caps, accommodating various trading styles.

Additionally, FTUK offers extensive educational and support services, including a range of trading courses, informative materials, expert consultations, and an active trading community. These resources aid traders in learning and obtaining support as needed.

Customer service at FTUK is noted for its efficiency in resolving issues swiftly, enhancing user satisfaction. Moreover, FTUK requires only a single payment to access its programs, with no ongoing monthly fees. Entry fees for accounts start at a competitive rate, with $119 for a $14,000 balance, making it accessible compared to many other firms.

Overall, FTUK combines exceptional profit opportunities, flexibility, educational resources, and support to distinguish itself from other proprietary trading firms.

FTUK offers traders two main avenues to access the company’s substantial funding: the Evaluation Program and Instant Funding.

Evaluation Program

The Evaluation Program at FTUK is designed to rigorously assess a trader’s ability to generate profits and effectively manage risks before granting access to significant capital. Starting with a demo account balance of $3,500, traders must meet a profit target of 10-25% at their own pace while staying within a maximum drawdown limit of 6-8%.

Successful traders in the evaluation phase are rewarded with increased funding on their live accounts, with the potential to manage up to $2.56 million. These traders enjoy a profit-sharing rate of 80%, reflecting FTUK’s commitment to rewarding high performance.

Instant Funding

For traders who have already demonstrated their profit-making capabilities, FTUK’s Instant Funding provides immediate access to live trading capital of up to $5.76 million. This option allows traders to bypass the traditional evaluation process and jump straight into trading with a profit share of 80%.

Instant Funding is ideal for experienced traders ready to handle significant funds, offering a rapid increase in earning potential without the initial evaluation. Account balances can grow by 400% after achieving a 10% profit target, showcasing FTUK’s commitment to supporting trader success.

Challenge Scaling Plan

Both the Evaluation and Instant Funding programs include a scaling plan that allows traders to increase their account sizes based on profit achievements. Upon reaching a 10% profit target, traders can move to the next funding level.

For example, achieving a 10% profit on a $50,000 account can elevate the balance to $100,000. Traders have the option to withdraw their profits or reinvest them into a larger account, facilitating continuous growth and enhanced earning potential.

Profit Splits

FTUK offers one of the most generous profit splits in the industry, allowing traders to retain 80% of the profits they generate. This substantial share underscores FTUK’s dedication to incentivizing and rewarding their traders’ successes.

Whether participating in the Evaluation Program or trading with an Instant Funding account, traders start receiving profit splits once they meet the necessary conditions, reinforcing FTUK’s commitment to their traders’ financial success.

FTUK does not rely on traditional broker brands. Instead, it has partnered with a tier-1 liquidity provider, ensuring traders have access to a realistic simulation of market conditions.

Trading Instruments

FTUK offers a diverse array of trading instruments, including forex pairs, commodities, indices, and cryptocurrencies like Bitcoin and Ethereum. This variety ensures traders have broad access to different financial markets.

Trading Platforms

Once registered, FTUK allows traders to choose their preferred platform. Available options include cTrader, DXtrade, and Match-Trader, known for their robust functionality and user-friendly interfaces.

Trading Fees

FTUK’s registration fees vary by the initial capital and currency:

• USD: From $149 for $14,000 initial capital to $599 for $90,000.
• EUR: From €149 for €12,000 initial capital to €599 for €80,000.
• GBP: From £149 for £10,000 initial capital to £599 for £70,000.

If a trader fails the evaluation, they can retake it by paying the standard fee again.

Opening an account with FTUK is straightforward:

1. Visit FTUK’s website and click “Get Funded Now”.
2. Select your desired program (Evaluation or Instant Funding) and click on the pricing tab corresponding to your chosen account size.
3. Choose your trading platform (MT4 or MT5) and any additional options, then proceed to payment.
4. Complete the payment using your preferred method and receive your account details via email.

FTUK supports various payment methods for deposits and withdrawals, including bank transfers, credit/debit cards, and electronic wallets, ensuring a seamless financial transaction experience for traders.

Customer Support on FTUK Company

FTUK prides itself on providing excellent customer support through multiple channels:

• Direct office phone available during business hours.
• Online chat support on the website.
• Social media platforms for updates and direct communication.

FTUK’s customer service is highly regarded for its responsiveness and effectiveness, helping to establish a trustworthy trading environment.

Conclusion Review and Analysis About FTUK Prop Firm

FTUK offers a straightforward path to proprietary trading with its Evaluation Program and Instant Funding options, catering to a wide range of trading styles with flexible conditions and a high profit split of 80%. With its comprehensive support and diverse trading platforms, FTUK stands out as a promising choice for traders looking to maximize their trading potential.