FTUK is a platform that aims to make Forex trading accessible to everyone by providing funding and support to traders worldwide. Their mission is clear: to empower aspiring traders to realize their ambitions without falling into the abyss of debt. In this comprehensive review, we will delve into the various aspects of FTUK, including their funding programs, features, and account sizes. We’ll also examine how they stand out in the competitive world of Forex trading.
The FTUK Approach
FTUK is built on the belief that anyone with the desire and skill can become a successful Forex trader. Their unique approach involves funding traders’ strategies with their own capital while traders focus on mastering their craft. This partnership model sets FTUK apart as a supportive and progressive trading community that values the success of its members.
FTUK Augmented Growth Program
One of FTUK’s most distinctive offerings is their Augmented Growth program. This program, unheard of in the industry, is designed to accelerate traders’ growth by doubling their monetary funding each time they hit a milestone. While trading FTUK’s capital, traders keep an impressive 80% of their profits. This concept minimizes risk for traders and fosters a collaborative environment where both parties benefit.
FTUK Trading Programs
FTUK provides a range of trading programs, each with its own set of rules and milestones. The account sizes offered are $14k, $40k, $60k, and $90k. Let’s take a closer look at the key elements of these programs:
A. Profit Target (10%):
FTUK sets a milestone target for each funding level. Once a trader reaches this target, they must close all open trades and report the achievement to FTUK. At this point, FTUK increases the trader’s funding amount significantly. The progressive nature of these milestones provides a clear path to scaling up trading capital, making it an enticing proposition for traders at all levels.
B. Absolute Drawdown (8%):
All funded accounts come with a fixed equity stop-out level. When a trader’s account equity falls below this level, FTUK closes all running trades and disables trading access. Importantly, the stop-out level varies according to the funding level, allowing traders to adapt their risk management strategy to their account size.
C. Leverage (Up to 1:100):
FTUK provides traders with the flexibility to utilize leverage up to 1:100. This leverage level is more than sufficient to generate substantial returns when used with discipline and risk management.
D. Profit Split (80%):
The profit-sharing arrangement at FTUK is highly favorable to traders. FTUK issues the trading capital, while traders bring in their skills and expertise. In the event of trading losses, FTUK takes full responsibility, providing peace of mind to traders. The profit split increases with higher trading levels, aligning the interests of both parties. Importantly, payouts do not deduct from a trader’s progression toward the next milestone, ensuring continuous growth.
Features of FTUK
FTUK’s platform offers a range of features that cater to traders’ needs and preferences:
A. Trade Remotely:
FTUK’s global community of traders can access the platform from anywhere with an internet connection. This remote trading capability provides flexibility and convenience, allowing traders to pursue their passion without geographical constraints.
B. Instant Access to Live Funds:
From day one, traders gain access to live funds provided by FTUK. This means that they can start trading immediately, with the added benefit of FTUK covering trading losses. This removes a significant barrier for traders who may not have the initial capital to begin trading.
C. All Styles Welcome:
FTUK embraces all profitable trading styles, emphasizing the importance of solid risk control. Whether you are a day trader, swing trader, or use any other approach, FTUK is open to supporting your trading journey.
D. Hold Trades Over Weekends:
Unlike some trading platforms that limit trading hours, FTUK allows traders to hold positions over weekends. This flexibility accommodates different trading strategies and schedules, enhancing the platform’s appeal.
E. Leverage up to 1:100:
FTUK provides traders with the opportunity to utilize leverage up to 1:100. This level of leverage can amplify returns when used wisely, making it a valuable tool for traders.
F. Earn from Day One:
FTUK’s instant funding programs enable traders to start earning profits right from the beginning. This not only encourages traders but also provides a source of income to support their trading endeavors.
G. Reliable Payouts:
Traders can expect reliable payouts, with the flexibility to receive them as frequently as desired from level 2 and above. This regular income stream allows traders to accumulate their capital as they achieve their targets.
H. Fast Scaling:
FTUK’s unique Augmented Growth program ensures that traders immediately start trading with real money. As they reach milestones, their capital increases, enabling faster scaling and greater profit potential.
I. Trader Support:
FTUK recognizes the importance of trader support and offers in-house assistance and online coaching. No trader is left behind, and this support structure helps traders improve their skills and navigate challenges effectively.
Global Reach
One of the standout features of FTUK is its global reach. Traders from all corners of the world are welcome to join the platform. This diversity not only fosters a rich exchange of trading ideas but also allows traders to access global markets and opportunities.
FTUK Coupon Codes & Discount
One of the benefits of joining FTUK is that you can get discounts on their programs by using coupon codes. Coupon codes are special codes that you can enter when you purchase a program on their website. They will give you a certain percentage off the original price, saving you money and making it easier to join FTUK. Using coupon codes is a smart way to get discounts on FTUK programs and join a reputable trading company. Coupon codes are limited and may expire soon, so you may not want to miss the opportunity to save money and start your trading journey with FTUK.
Conclusion
In conclusion, FTUK represents a revolutionary approach to Forex trading. Their commitment to making trading affordable and accessible is commendable. The Augmented Growth program, with its milestone-based funding and profit-sharing arrangement, is a game-changer in the industry. FTUK’s diverse range of account sizes and supportive features cater to traders of all levels and styles.
While FTUK offers exciting opportunities for traders, it’s essential to approach trading with diligence and discipline. The 10% profit target and 8% absolute drawdown are key parameters that traders should carefully manage to ensure long-term success.
FTUK’s dedication to trader support and their willingness to cover trading losses demonstrate their commitment to traders’ success. As the trading community at FTUK continues to grow and collaborate, it is likely to become an increasingly attractive option for those looking to embark on a Forex trading journey or scale up their existing trading activities. Whether you are a novice trader or an experienced professional, FTUK’s innovative approach may offer the support and resources you need to achieve your trading ambitions.
FAQ
What is FTUK’s maximum drawdown?
FTUK offers an absolute drawdown of 8%.
What is FTUK’s profit target?
FTUK offers a profit target of 10%.
What is FTUK’s minimum and maximum trading days?
According to the web search results, FTUK has no minimum trading days and has a maximum trading days of 180 days.
What are FTUK’s challenge fees?
FTUK’s challenge fees for the various accounts are as follows:
- $14,000 – $149
- $40,000 – $349
- $60,000 – $449
- $90,000 – $599
Does FTUK offer a retry?
According to the web search results, FTUK do not offer a retry option for their programs. However, they do offer a 50% discount for traders who want to sign up again after failing the Evaluation program or losing the Instant Funding account. This means that traders can get another chance to trade with FTUK’s capital at a lower fee. For example, if a trader fails the Evaluation program for a $14,000 account, they can sign up again for only $74.50 instead of $149.
Does FTUK offer a fee refund?
According to the web search results, 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.
What is FTUK’s profit split?
FTUK offers up to 80% profit split.
Does FTUK offer a scaling plan?
Yes, FTUK offers a scaling plan.
Does FTUK allow expert advisors?
According to the web search results, it seems like FTUK allows expert advisors.
Does FTUK offer a free trial?
According to the web search results, it seems like FTUK does not offer a free trial.
What is FTUK’s minimum deposit?
According to the web search results, it seems like FTUK does not have a minimum deposit.
What are FTUK’s brokers?
According to their website, FTUK is not a broker and does not accept deposits. The offered technical solution for FTUK platform and data feed is powered by their platform partner’s institutional liquidity providers.
What are FTUK’s platforms?
According to the web search results, it seems like FTUK uses three trading platforms that traders can choose from: MetaTrader 4, MetaTrader 5, and TradingView.
What is FTUK’s leverage?
FTUK offers leverage up to 1:100.
Is FTUK legit?
There are some positive reviews from customers who say that they are satisfied with the service, the payouts, and the customer support. They also praise the instant funding program and the scaling plan that FTUK offers. On the other hand, there are also some negative reviews from customers who complain about the platform, the rules, and the communication. They also warn about the hidden fees, the unrealistic targets, and the lack of transparency that FTUK has.
Therefore, it is hard to say if FTUK is legit or not. It may depend on your trading style, your risk tolerance, and your expectations. Before you join FTUK, you should do your own research, read the terms and conditions carefully, and be aware of the potential risks involved. You should also compare FTUK with other prop firms that may offer better or more reliable services.
FTUK’s alternatives
There are many alternatives to FTUK, which is a prop trading firm that offers funded trading accounts for forex and other CFDs. Some of the most popular and reputable alternatives are: FTMO, Funded Trading Plus, and Topstep.
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
