FTUK Review
FTUK Inc. is a proprietary trading company established on December 10, 2021. Based in Dubai, United Arab Emirates, the firm is under the leadership of CEO Haseem Gafer. FTUK offers traders a choice of two account types, featuring a one-step evaluation process and an instant funding option. They collaborate with a top-tier liquidity provider, ensuring that their brokers provide traders with highly realistic market simulation conditions.
- Platforms for Prop Trading: Match-Trader, DXtrade, cTrader
- Participation cost: from $32 to $392
- Available capital for management: from $5,000 to $100,000
- Leverage Available up to 1:100
- No restrictions on minimum or maximum trading days, giving traders the freedom to trade as per their strategy without any time constraints.
- A scalable account plan, which facilitates account growth when specific profit targets are achieved.
- No maximum daily drawdown limits, offering more flexibility in trading strategies.
- On-demand payouts after the first payout, enabling traders to withdraw their earnings when they need them, subject to a minimum withdrawal amount.
- A profit share of 80%, rewarding traders with a significant portion of the profits generated.
- Permission for overnight and weekend holding, accommodating traders who employ long-term strategies.
- News trading allowed, enabling traders to capitalize on market fluctuations driven by major news events.
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Expert Advisors Suitable for this Prop Firm:
FTUK Funding Programs
FTUK operates on the principle that everyone should have the opportunity to succeed. To support this, they offer affordable entry points for global traders aiming to thrive in the forex market. Traders can manage accounts up to $90,000 and benefit from an 80% profit share. FTUK provides the ability to trade a diverse range of financial instruments such as forex pairs, commodities, indices, and cryptocurrencies, enabling traders to achieve substantial financial gains.
Evaluation Program FTUK
FTUK rules:
Profit Target: Traders are required to meet a specific profit percentage to successfully complete an evaluation phase, make withdrawals, or increase their trading account size. For the evaluation period, this target is set at 10%. There are no predetermined profit targets for funded accounts.
Maximum Loss: Traders face an overall maximum loss limit which must not be exceeded to maintain account integrity. This limit is consistently set at 8% across all account sizes.
Stop-loss Requirement: It is compulsory for traders to set a stop-loss order for each trading position before execution to manage risks effectively.
Risk Management Per Position: Traders must specify a percentage-based stop-loss for each trade position before entry, with the maximum allowable stop-loss capped at 2% per position.
Trading Strategy Restrictions: The use of martingale strategies or any similar approaches that involve doubling down on losing bets is strictly prohibited during trading activities.
Participation cost:
- $14,000 - $149
- $40,000 - $349
- $60,000 - $449
- $90,000 - $599
FTUK’s Evaluation Program grants traders the opportunity to manage account sizes ranging from $14,000 to $90,000. The program's objective is to identify disciplined, profitable traders who can effectively manage risk during a one-step evaluation period. Traders are allowed to utilize leverage up to 1:100 and have the option to fund their accounts in USD, EUR, or GBP.
During the evaluation phase, traders must achieve a profit target of 10% while adhering to an 8% maximum loss rule. Notably, there are no minimum or maximum trading day requirements during this phase, giving traders the freedom to advance at their own pace. To qualify for funded status, traders need only meet the 10% profit target without breaching the maximum loss limit.
Upon successful completion of the evaluation phase, traders are awarded a funded account, with a minimum withdrawal threshold of $250. They must continue to comply with the 8% maximum loss rule. The first payout can be requested after completing 10 active trading days on the funded account, with subsequent withdrawals available on a daily on-demand basis. The profit share for traders in the funded account is a generous 80%.
The Evaluation Program includes a comprehensive scaling plan. When a trader attains a 10% profit target, based on the funded account's scaling phase, they are eligible to upgrade their account to the next available tier. Crucially, traders will retain all their accrued profits when scaling up their accounts.
For example:
- The profit target for a $90,000 funded account is set at 10%.
- In the first week, a trader achieves a 4% profit.
- In the second week, the trader secures an additional 6% profit.
The cumulative profit over these two weeks totals 10%, thereby meeting the required profit target and qualifying the account for scaling to a higher level. This process enables traders to progressively manage larger accounts without sacrificing their earned profits.
Instant Funding FTUK
FTUK rules:
Profit Target: Traders are obligated to hit a specified profit percentage to successfully finish an evaluation phase, withdraw profits, or expand their trading account. The initial level sets this target at 10%, but subsequent levels do not impose any profit target requirements.
Maximum Loss: There is a strict cap on losses that traders can incur without compromising their account, fixed at 8% for all account sizes. This ensures disciplined risk management
Stop-loss Requirement: Implementing a stop-loss order on each trading position before initiating a trade is mandatory, safeguarding traders against unexpected market movements.
Stop-loss Risk Per Position: Traders must establish a predetermined stop-loss percentage for each position before trading, with the maximum allowable stop-loss set at 2% per trade, enhancing risk control.
No Martingale Strategy: The use of any martingale strategies, which involve doubling the bet after a loss in an attempt to recover previous losses, is strictly forbidden to promote responsible trading practices.
Participation cost:
- $14,000 - $200
- $40,000 - $550
- $60,000 - $750
- $90,000 - $1200
FTUK's Instant Funding program offers traders the flexibility to manage account sizes between $14,000 and $90,000, enabling them to bypass the evaluation phase and begin earning immediately. This program provides the advantage of trading with up to 1:100 leverage and choosing account funding in USD, EUR, or GBP.
Upon opting for Instant Funding, traders receive a funded account with a 10% profit target for the first stage. Adherence to an 8% maximum loss limit is mandatory. Traders achieve their first payout once they reach the 10% profit target. Subsequently, additional withdrawals are permissible on a daily basis, provided they meet or exceed $250 from the funded account. The profit share allocated to traders is 80% of the profits generated from their activities on the funded account.
The Instant Funding program includes a scaling plan that allows for account growth upon meeting certain profit targets. If a trader achieves a 10% profit target, specific to their current scaling phase of the funded account, they can progress to the next tier of account sizes. Importantly, scaling the account does not require traders to forfeit any of their accumulated profits.
For example:
Consider a trader with a $90,000 funded account. The designated profit target for scaling in this account is 10%.
- Week 1: The trader generates a 4% profit.
- Week 2: The trader adds another 6% profit.
The combined profit from these two weeks totals 10%, qualifying the account for scaling to the next size, as the trader has successfully met the required profit threshold.
The Best Prop Firm passed software are here:
FTUK is a proprietary trading firm established on December 10, 2021. They have built a substantial community of traders who have achieved funded status and are eligible for profit sharing.
By participating in FTUK's Evaluation Program and attaining funded status, you become eligible for your first payout after completing 10 active trading days, with the ability to withdraw a minimum of $250 from your funded account. Following your initial payout, you can request daily on-demand withdrawals. The profit split is notably generous, offering 80% of the profits earned in your funded account.
If you opt for FTUK's Instant Funding program, you can receive your first payout upon reaching a 10% profit target. After this initial payout, you too can benefit from daily on-demand withdrawals. The profit sharing remains consistent with an 80% split based on the profits generated in your funded Instant Funding account.
Proof of FTUK payments can be found on several platforms. For instance, on Trustpilot, traders share their experiences and detail how they successfully received their payouts. Additional payment proofs are available on FTUK’s Discord and YouTube channels, featuring numerous payout certificates and interviews with top traders.
Examples of payout certificates and payment proof are displayed in the images below.
FTUK Review and Our opinion about this Prop Firm
In summary, FTUK is a distinguished and reliable proprietary trading firm that offers traders the option to choose between two unique funding programs: the Evaluation Program and Instant Funding.
FTUK's Evaluation Program consists of a single-phase assessment, requiring traders to meet specific criteria to qualify for a funded account with an 80% profit share. To achieve funded status, traders must hit a 10% profit target while adhering to an 8% maximum loss threshold. These objectives are achievable and realistic. The program offers unparalleled flexibility with no minimum or maximum trading day requirements, allowing traders to operate at their own pace. Furthermore, the Evaluation Program includes a scaling plan, providing traders with the opportunity to increase their initial account balance progressively.
On the other hand, FTUK’s Instant Funding program offers immediate access to a funded account, eliminating the need for an evaluation phase, and enabling traders to earn an 80% profit share right from the start. This program also sets a 10% profit target for stage 1 and maintains an 8% maximum loss rule, ensuring realistic trading goals. Like the Evaluation Program, there are no restrictions on the number of trading days, granting traders the liberty to trade at their own speed. The Instant Funding program also incorporates a scaling plan, which allows traders to expand their initial account balance over time.
FTUK comes highly recommended for traders in search of a reputable proprietary trading firm that provides outstanding trading conditions and accommodates a variety of trading styles. The firm offers several advantages, including an unlimited trading period, no minimum trading day requirements, no maximum daily drawdown, on-demand payouts, and multiple supplementary features. Considering the extensive benefits FTUK delivers to traders worldwide, it stands out as an excellent choice within the proprietary trading sector.
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