FTUK PROP FIRM
Founded in February 2021, FTUK is a UK based prop firm with a transparent mode of operation that enables their traders trade up to $2,880,000 in balance and a 50% profit split that can scale up to 80%. They also offer aninstant fundingoption that gets you hit the ground running immediately!
This post contains everything you need to know about Ftuk prop firm, including: how to apply to become an ftuk funded trader, their challenge and verification process, profit split, max allocated drawdown, and answers to some of the most popular questions.
FTUK– Who They Are and What They Do?
FTUK is a London based self-acclaimed smart way of funding Forex trading. With a mission well set that every interested trader deserves an opportunity, and should not be burdened by debt as they seek to pursue their goal to become thriving prop traders, FTUK offers a one-step easy evaluation challenge; cheap pricing for their live accounts, and two major package categories suited for both newbie traders and the very experienced ones.
No matter where you are on your forex trading journey, or the kind of method with which you trade, FTUK has something suitable for you in their all encompassing Low Risk option for conservative traders, Aggressive Trader packages for traders open to taking more risk, alongside an Instant funding program that helps you get underway without having to undergo the challenge phase.
How Do I Get Funded By FTUK?
This is one of the first questions intending traders want to have answered as quickly as possible. And I have it covered right in the next paragraph.
FTUK offers two funding programs viz The Evaluation Challenge and The Instant Funding programs both of which come in the Low Risk and Aggressive Trader.
The Low-Risk format requires that the trader trades with up to 1:50 leverage, make the stipulated 10% profit while avoiding the fixed 5% drawdown limit in 180 days. This rule applies to all the accounts in the Evaluation program. If a trader with an Evaluation account is able to fulfill all the requirements, they get rewarded with a live account with no specific profit target, even though the 5% drawdown limit is till to be maintained, alongside a maximum stop-loss that is to be set at 1.5% per trading position.
The Aggressive Trader challenge allows a trader to grow faster and so requires that the trader trades with up to 1:100 leverage, make the stipulated 25% profit while avoiding the fixed 5% drawdown limit in 90 days. This rule also applies to all the accounts in the Evaluation program.
If a trader operating an Evaluation account is able to fulfill all the requirements, they get rewarded with a live account with no specific profit target, even though the 5% drawdown limit is till to be maintained, but with no maximum stop-loss per trading position.
FTUK Packages & Account Sizes
It is important to again note that FTUK offers two major packages, the Evaluation and Instant Funding packages both of which come in the Low-Risk and Aggressive Trader formats. What’s interesting to note is that the pricing of FTUK accounts are relatively cheaper compared to what exists in the general prop market.
The Evaluation Package (Low Risk and Aggressive Trader) Pricing
- A £10,000 account evaluation challenge costs £119
- A £30,000 account evaluation challenge costs £299
- A £40,000 account evaluation challenge costs £349
- A £70,000 account evaluation challenge costs £449
READ: Mff, the best of the rest?
The Instant Funding (Low Risk and Aggressive Trader Package) Pricing
- A £10,000 account costs £150
- A £30,000 account costs £410
- A £40,000 account costs £550
- A £70,000 account costs £950
What is FTUK Profit Split?
Upon successful achievement of the stipulated profit percent, you are rewarded with 50-80% profit splits. The more you trade profitably and cashout, the more your profit split rises until it arrives at the optimal 80%.
READ: Become the Next Funded Trader with FundedNext
What Are FTUK Trading Rules?
FTUK does not operate brow-raising rules or something far beyond the basic knowledge of prop trading. You can check out their trading rules below:
- A maximum 1.5% stop-loss is essential for only the Low Risk programs. The Aggressive Trader, in contrast, runs without a stop-loss fix
- Traders can trade overnight and over the weekend without any restrictions.
- No form of hedging is allowed by traders during trades.
- Traders across all accounts must avoid reaching the 5% maximum loss percent or their accounts will be closed
- The profit percent of 10% must be met for the Evaluation Low-Risk account and a 25% for the Aggressive Trader to scale to a higher account.
FTUK Scaling Plan
FTUK’s scaling plan is very divergent from what obtains in the status quo. Unlike other firms who have the same fixed scaling plans for all their accounts, FTUK operates different scaling for all of their accounts.
Generally, the scaling plan for Low Risk accounts comes into effect once the 10% profit target is hit. After that condition is met, the trader’s capital is upgraded and moved to the next level. Below is a detailed expression of their scaling plans, both the Evaluation and Instant Funding Low Risk accounts respectively.
A 25% profit target is set for the Aggressive Trader accounts. Below is a detailed expression of their scaling plans, both the Evaluation and Instant Funding Aggressive Trader accounts respectively.
FTUK Aggressive Evaluation Scaling Plan
FTUK Reviews: Is FTUK A Scam Prop Firm?
No, FTUK is not. It is in fact one of the leading prop firms in the UK with a 4.7 star rating on Trustpilot and impressive reviews from traders around the world. You can take a look at the testament of other traders below to be further assured of their genuineness.
FTUK Reviews – What Are Traders Saying?
A whole of traders had several things to say on Trustpilot. Amazingly, all of them are positive ones. Take a look below and read more on Trustpilot in the image below.
See Here For: FTUK REVIEW – An Unbiased Evaluation On FTUK Prop Firm
To read an in depth and unbiased reviews of FTUK and what other prop traders have to say, please read this post >> FTUK Review – An Unbiased Evaluation on FTUK Prop Firm
The frequently asked questions on the FTUK site and the company’s responses have been carefully selected to further enlighten intending traders on the cons of the firm. Let’s read them together.
You can get a refund if you have not placed a single trade on your funded account and the refund request should be sent within 48 hours of signing up to email@example.com.
If you have placed a trade then you will not be eligible for a refund.
We use Deel to process our pay-outs. After a requested pay-out has been approved we will pay the trader via their Deel account. Through Deel the trader can then get paid via:
READ: Funded Trader: A Prop firm that indeed funds her traders
- How can I request my pay-out?
Should you violate the drawdown rule, but wish to remain in the program, we allow you to re-join after payment of the standard activation fee. Please note that this agreement is subject to change at any time. We reserve the right to terminate your account at any given time if we feel you are exhibiting behavior not aligned with our guidelines.
Should you violate the drawdown rule, but wish to remain in the program, we allow you to re-join after payment of the standard activation fee.
Please note that this agreement is subject to change at any time. We reserve the right to terminate your account at any given time if we feel you are exhibiting behavior not aligned with our guidelines. Trading accounts are carefully and honestly evaluated.
Trading accounts that reach or exceed the maximum stop out rate will be terminated.
- What happens if I don’t hit my milestone target within the maximum trading?
If you haven’t been able to hit your milestone target within maximum trading days, we then assess your trading history on your funded account and give you an extension at our discretion or terminate your account.
You will have 180 calendar days on the low risk program and 90 calendar days on the aggressive to pass the evaluation.
FTUK offer education for their traders via several blog posts on their website. The blog posts are divided into 4 sections for easy navigation by the trader:
- Traders mindset
- Technical strategy
- Traders interview
- You can also subscribe with your email to receive their newsletters.
Once a trader reaches level 2 or higher on the scaling plan, profits can be cashed out. You can check out the scaling plan section again for further clarification on when you can place a request for withdrawal on your dashboard.