FTUK | Instant Forex Funding | Trader Prop Firm | Learn More (2024)

FAQs

Is FTUK prop firm legit? ›

Yes, FTUK is a legitimate company. Here are the contacts to reach them: Email: support@ftuk.com. Address 1: 3017 Boiling Way NE Atlanta, GA 30305, USA.

FTUK works with the EightCap broker, which provides such trading instruments as currency pairs, cryptocurrencies, indices, commodities, and metals. The leverage is up to 1:50 on standard accounts and up to 1:100 on aggressive ones. Account currency is USD, EURO, or GBP.

Best Prop Firm Payouts. FunderPro has the fastest prop firm payouts, you can claim uncapped daily payouts. Also, they are 100% guaranteed because your trade with real funds!

Trading an account with FTUK is all about proving you can manage risk and demonstrate your trading skills consistently. If you follow the rules with our virtual capital accounts you'll receive up to 80% of the rewards once funded.

FTUK is a brand name and is privately owned. It does not operate as a Financial Institution of any type, nor is it a Broker, or a Broker Marketing platform, and does not accept Investor's capital. FTUK is aware of the regulatory requirements in the United States of America, and it operates according to those laws.

Choosing the right prop trading firm is crucial for your success as a beginner trader. FTMO, The Talented Trader, The 5%ers, Earn2Trade, and OneUp Trader are among the best options available, each offering unique benefits and opportunities.

These include FunderPro, SabioTrade, the5ers and many more. If you are looking for an alternative to FTMO, FunderPro is currently rank as the number one on the list of top Forex Prop Firms.

We accept all traders worldwide. The trader is a sub-contractor for FTUK and will provide services by managing FTUK capital.

What broker do millionaires use? ›

Large financial firms, including Goldman Sachs and Morgan Stanley, offer prime brokerages. The minimum amount a client must have to use a prime broker is $500,000, though it's not uncommon for clients to have $50 million in assets.

Relative and daily drawdown

Here at Forex Traders UK we don't operate with a daily drawdown rule. However, many other prop firms require you to maintain a maximum daily loss. This means you need to manage the amount of loss your account takes on within a one-day period.

Studies have shown that around 4 out of 10 people pass the first stages of any Prop Firm Challenge, and 2 out of the 4 make it through to get a Funded Account. But only 1 person ends up getting paid.

The 5%ers have an evaluation system with 1 Step, 2 Step, and 3 Step processes, allowing traders to choose the path that best suits them. The profit target is 10% for the Step 1 evaluation. In the Step 2 evaluation, the targets are 8% for Phase 1 and 5% for Phase 2.

The Forex Funder is among the most popular prop trading firms globally. The UK-based prop firm offers a 1-step and 2-step evaluation process, which allows traders to choose the most suitable one based on their experience and strategy.

While these laws applied to banks, not all independent prop companies in operation today are covered by the Volcker rule. Prop businesses nowadays are utterly unregulated and far apart from the banking industry. As a result, these internet prop companies are legitimate and not a fraud.

Yes, there is no time limit to trade durations, and we allow the trader to hold trades over weekends.

Prop firms have policies setting the terms for paying out profits. Typically, they allow traders to choose the frequency of payouts and pay traders within a few days of a payout request.