- 3 min read
Updated: Jul 31, 2023
FTUK (Funded Trader UK) is a proprietary trading firm that was founded in February 2021 with the goal of improving the proprietary trading world and providing enhanced services to profitable traders worldwide. They offer two funding programs: the Evaluation program and the Instant Funding program. Let's take a closer look at what makes FTUK unique, its pros and cons, and how you can get started with them.
About FTUK
FTUK is a proprietary trading firm based in London, UK, with a mission to improve the proprietary trading world and offer enhanced services to profitable traders globally. They provide two funding programs: the Evaluation program and the Instant Funding program, allowing traders to choose the option that suits them best.
Information and figures for an Instant Funding Option at FTUK
What's Unique about FTUK?
Two Funding Programs:
FTUK stands out by offering both an Evaluation program and an Instant Funding program. This allows traders to choose the program that aligns with their trading style and objectives.
Flexible Trading Conditions:
FTUK provides flexibility in trading by allowing traders to hold positions over weekends and during news events. They also have no maximum or minimum trading day requirements, giving traders more freedom and control over their trading activities.
Profit Sharing:
FTUK offers an attractive profit split of 80% to traders who successfully comple their evaluation phase or start directly with the Instant Funding program. This means traders can retain a significant portion of their profits.
Multiple Funding Levels:
Traders have the opportunity to manage up to three trading accounts simultaneously, each with a balance of up to $5,760,000. This allows for increased capital allocation and potential growth.
Pros and Cons of FTUK
Pros:
Instant funding options
Single-phase evaluation process
Excellent Trustpilot rating of 4.6/5
Reliable support
Weekend and overnight positions allowed
News trading allowed
Zero commission or swap fees
Fast payment procedures
Profit share of 80%
Leverage up to 1:100
Manage up to 3x $5,760,000 capital
Cons:
Starting leverage of 1:10
2% max stop loss risk limit
Lot size consistency rule
The Final Score
FTUK offers traders the opportunity to access funding through their Evaluation program or Instant Funding program. With flexible trading conditions, no maximum or minimum trading day requirements, and the potential to manage multiple accounts, FTUK provides traders with options to grow their trading careers. The profit share of 80% and the absence of commission or swap fees are additional benefits. However, it's important to consider the cons, such as the starting leverage and risk limits, to ensure they align with your trading strategy.
Getting Started
Click here to visit the FTUK website and use Code: PROPUP for your 5% Off
Explore the website to learn more about FTUK's funding programs, evaluation process, and account scaling plans.
Familiarize yourself with the different options available: Evaluation Program Accounts and Instant Funding Program Accounts.
Understand the rules and requirements of each program, including profit targets, maximum loss limits, stop-loss requirements, and lot size consistency.
Consider the add-on options available for both evaluation and instant funding accounts, such as unlocking scaling level 8, eliminating mandatory stop-loss, or joining fee refund.
Decide which funding program aligns best with your trading style and goals.
Review the scaling plan for the chosen program to understand the levels and corresponding capital amounts.
Ensure you meet the criteria and are comfortable with the profit targets and risk management rules.
If you opt for the evaluation program, be prepared to pass the 1-Phase Evaluation Process by reaching the required profit target and adhering to the maximum loss rule.
If you choose the instant funding program, be ready to start trading and earning from the beginning.
Select your preferred account funding currency: USD, EUR, or GBP.
Register an account on the FTUK website by providing the necessary information.
Complete any required verification or documentation process.
Once your account is approved, fund your account with the initial capital required for the chosen program.
Download MetaTrader 4 or MetaTrader 5 trading platform if you haven't already.
Configure your trading platform and connect it to your FTUK account.
Start trading according to the rules and guidelines set by FTUK for your chosen program.
Monitor your progress and strive to achieve the profit targets while managing your risk effectively.
If successful, enjoy profit splits and the opportunity to scale up your account balance.
Remember to always refer to the FTUK website for the most up-to-date and accurate information regarding the getting started process and requirements.
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