FTUK Logo

Prop Firm Review – FTUK

FTUK Logo

Coupon Code Alert: Proptradinonline

Best suited for: This is a great option for UK traders. They offer great prices with a fast-scaling plan. The time limits are also very fair, which would suit traders who don’t like to be rushed.

Overall Ratings

  • Models on offer: 9/10
  • Cost: 9/10
  • Rule Fairness: 8/10
  • Support: 8/10
  • Profitability: 9/10
  • Scaling System: 9/10
  • Overall: 8.3/10

Overview

FTUK is an established London based prop firm offering up to £4.4 million of funding to traders. They have an extremely fast scaling system and offer a single-phase evaluation or instant funding accounts. They have regular promotions so there is always a great deal available.

Prop Firm - Pros

  • Multiple Currencies – This prop firm offers multiple currencies for your base currency. This is great for traders to be able to trade the currency of their own country. 
  • Super Fast Scaling – FTUK will double your account size at every 10% profit, this is among the best in the industry. 
  • UK Based – This prop firm in based in the UK which holds companies to stricter regulations than most other countries. 
  • Huge Max Funding – FTUK offer up to £4.4 million in funding, reachable in just 8 steps!
  • Regular Promotions – It appears that this prop firm has at least one promotion on every month, such as 1 free retake or xx% off. 
  • Long Time Limits – In the low-risk plan you are given a massive 180 days in which to complete the single-phase challenge. This should be achievable for most traders. 

Prop Firm - Cons

  • 5% Absolute Drawdown – This drawdown means traders must be extra cautious and implement a solid risk management plan.
  • Possible Account Termination If Inconsistent – FTUK has a clause which states if a trader does not demonstrate good risk management, they may be removed from the firm. This shouldn’t affect responsible traders, however. 

Key Details

What Funding Models do FTUK offer?

FTUK offers two types of funding models – Instant funding or Single-phase evaluation. Within both of these they offer low-risk or aggressive, which has different time limits and profit target rules. 

The aggressive accounts have a 25% profit target and 90 days to complete the challenge. It allows traders to use up to 100:1 leverage. No stop loss is required with this challenge.

The low-risk accounts have a 10% profit target and 180 days to complete the challenge. It allows traders up to 50:1 leverage. A stop loss must be placed with every trade, with a maximum risk of 1.5%.

The instant funding accounts allow traders to earn from the first phase of the challenge, with profits becoming withdrawable after reaching the initial profit target.

FTUK Rules and Restrictions

FTUK allows all trading styles but puts an emphasis on keeping good risk management. Some of the rules include: 

  • Holding Trades – Traders are allowed to hold trades overnight and over the weekend.
  • Stop Loss – A stop loss is required on all low-risk programs and must be under 1.5% of the total capital on the account. No stop loss is required on the aggressive accounts.
  • News Trading – FTUK allow news trading.
  • EA’s – Expert advisers are allowed providing they don’t use martingale, hedging or other arbitrage tactics.
  • Minimum Trading Days – There are no minimum trading days for this prop firm.

FTUK Profit Sharing and Scaling

FTUK offers a fast and efficient scaling plan in which your capital is doubled at every 10% profit. As you progress through the stages, your share of the profits also increases from 50/50 up to 80/20. 

In order to cross from step 7 to step 8 an extra payment is required when signing up for the challenge. 

Cost Analysis

Prices start from £119 for a £10,000 evaluation account. For the £10,000 instant funding account the price is £150. 

The prices are in line with other prop firms, especially considering it is a single-phase challenge which more traders should be able to pass. Don’t forget to keep an eye on promotions and discount codes as well. 

FTUK Pricing

Cost
Balance Instant Funding Evaluation
£10,000 £150 £119
£30,000 £299 £410
£40,000 £349 £550
£70,000 £449 £950

FTUK also offer a number of addons in order to improve your experience. These include:

  • Level 8 funding. This adds another level to scale up to £4.4m. (+10% fee)
  • Double max trading days. This doubles the max time limit for the challenge. (+15% fee)
  • Joining fee refund. This allows you to claim back the joining fee after reaching the first profit target. (+25% fee)
  • Evaluation retake. This provides one free retake if you should fail the challenge. (+50% fee)

Conclusion

In conclusion, this is a great prop firm with huge earning potential for experienced and risk aware traders. It offers some of the highest capital allocation in the industry with fair rules. 

I would advise against this firm for newer, less experienced traders or those who perform “gambling” trading as the drawdown and consistency rules will not align with those traders. 

Frequently Asked Questions

Does FTUK allow copy trading or EAs?

Yes, FTUK allows EAs as long as they don’t perform in the following ways: 

Martingale
Tick scalping
Reverse arbitrage trading
Latency arbitrage trading
Hedge arbitrage trading

Does FTUK offer a demo or practice account?

Demo/practice accounts are available directly from the broker which FTUK chose, Eightcap.

What Broker does FTUK use?

FTUK uses Eightcap as their broker which is a popular choice for prop firms and has a great reputation with regards to liquidity, spreads and upkeep. 

What Platform do FTUK offer?

FTUK uses MT4 (Metatrader 4) for all their accounts. 

Is FTUK legit?

Yes! This prop firm has an established client base, a UK registered company, company address and a 4.7 star Trustpilot rating. You can be confidant that your investment is safe with this prop firm.

Does FTUK have a promo code or any discounts?

Yes, we have been given the following code for traders to receive 5% off: Proptradingonline

Where is FTUK based?

FTUK is based in London, UK. The registered address is:

Kemp house, 160 City Road,
London, United Kingdom, EC1V 2NX.

blufx logo

Prop Firm Review – BluFX

Best suited for: BluFX is a long standing, subscription based prop firm with low leverage and a 50/50 profit split. They offer CTrader which many traders prefer to Metatrader.

Overall Ratings

  • Models on offer: 7/10
  • Cost: 7/10
  • Rule Fairness: 7/10
  • Support: 8/10
  • Profitability: 6/10
  • Scaling System: 8/10
  • Overall: 7.8/10

Overview

BluFX has a different approach to many others on this list. They give traders instant funds as soon as they sign up – no challenges! Instead of a one time fee the trader pays a monthly subscription of either £99 per month for the standard model or £249 for the pro version.

Key Details


BluFX offers instant funding to traders and does not require any kind of evaluation. They do however have a number of rules which must be followed on the live account.

BluFX is also currently offering and special model called the anniversary model. This model differs from their standard subscription based model, in which only a one time fee is payable for an immediate live account. 

  • Max drawdown – BluFX has a 10% max drawdown
  • Trading hours – The standard account has restricted trading hours
  • Hedging – BluFx does not allow hedging
  • Overnight – Allowed

BluFX offer a 50/50 profit share.

BluFX has a great support team. They also have great educational resources. 

Basic program costs £99 per month.

1:3

Conclusion 

Blufx offers a great deal for the more risk aware trader who doesn’t mind low leverage.

5%ers Logo

Prop Firm Review -The 5%ers

Best suited for: This prop firm offers a fantastic instant funding model for traders who want to get into the action right away.

Overall Ratings

  • Models on offer: 10/10
  • Cost: 8/10
  • Rule Fairness: 8/10
  • Support: 9/10
  • Profitability: 9/10
  • Scaling System: 9/10
  • Overall: 8.8/10

The 5%ers Prop firm Overview

The 5%ers prop firm have been around since 2016 and have a proven track record of supporting great traders. They have a diverse and interesting range of funding models, which means any trader is bound to find something to suit their needs. My personal favorite is the instant funding model in which your fee essentially just covers your max drawdown and your can profit from day 1! 

Main Pros

  • Great intuitive UI – Both the website and user dashboard are easy to understand and navigate. The dashboard metrics panel is also very user friendly, containing all the important information without the fluff.
  •  Great Support – I personally haven’t came across any issues which required support, however they have a great reputation of providing top tier support as evident from Trustpilot reviews, Social media and YouTube. 
  • Three completely different funding models – Instant funding, Bootcamp and freestyle. All the models have their own pros and cons, but all stand out among the crowd and offer great incentives for the successful trader. 
  • Great scaling plan – No nonsense approach to scaling, simply hit your target and get a bigger account! One of the fastest growth plans around.
  • Quick and easy sign-up – Simply pick your model, pay your fee and get instant access to your dashboard and trading account. 

Main Cons

  • Relatively low max drawdown – The max drawdown for the instant funding program is around 4% which is general lower compared to other firms. Therefor this firm is more suited for the very risk aware trader. 
  • Below average payout ratio – The payout ratio for the instant funding account is 50% which on the surface seems rather low; however when you consider the rapid growth plan the potential profits could be much higher than others. New models also offer up to 100% profit share!

Key Details


The 5%ers certainly stand out in the prop firm crowd with their great choice of funding models.

Bootcamp Model

For beginners or those wanting to hone their trading skills they offer the bootcamp model. This is a more unusual 3-phase model however, the majority of the fee isn’t payable until the end of the third phase. After passing the challenge phases you will receive a live $100k account which scales up to $4m. 

Instant Funding Model

Why spend time on challenges when you can just go straight to live funding? The 5%ers live funding account is certainly one of the fastest ways for profitable traders to get funds out of a prop firm. This prop firm offers two variants of the model; Aggressive and low risk, which affects the trading rules such as profit targets and leverage. After hitting 6%/12% profit the account size quadruples!

Free Style Model

This new model offered by the 5%ers has been getting amazing reviews in the community. Another groundbreaking model offered by this prop firm. The trader has no time limits, profit targets, loss targets or many of the rules that nearly every other model/firm require. Instead, the trader only has to make 100 trades which will be assessed and must pass a single metric/target of >2 profit factor (Extra bonuses for >3). On top of this when trading the live account, the trader keeps 100% of the profits!

 

The trading rules vary depending on which model you choose. They are outlined below:

All models
  • News trading: Allowed
  • EA/Algo trading: Allowed
  • Weekend/overnight trading: Allowed
Bootcamp model

The bootcamp model offer by this prop firm has 3 challenges, with a 6% profit target in each. They do however allow a very generous 12 months to complete these, so time shouldn’t be an issue with this challenge.

5ers prop firm bootcamp rules

Instant funding model

The instant funding model has two variants – “aggressive” and “low risk”. 

The low risk has a lowered level of leverage at just 6:1 but has an extended period to complete the challenge. 

The 5ers prop firm rules

Freestyle model

No Rules!! 

5ers prop firm freestyle rules

This prop firm allows Expert advisors and copy trading.

For instant funding accounts the profit split is 50/50.

For bootcamp the profit split starts at 50/50 and increases with scaling up to 80/20.

For the freestyle option the trader keeps 100% the profits. (Incase your wondering, the prop firm profits by copying your trades with their own capital).

This Prop trading firm offers email and phone support. They appear to have a good reputation in the community for the support.

The cost for the various models offered is around the industry average. Their bootcamp model is the exception where they don’t charge the fee until after you pass the challenge which doesn’t appear to be offers by any other prop trading firms.

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$6000/$24000 Instant funding account – 235 Euros

$10000/$40000 Instant funding account – 385 Euros

$20000/$80000 Instant funding account – 745 Euros

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Bootcamp model is a flat 85 Euros before the challenge and a further 215 Euro after completing the challenge phase.

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The freestyle model cost 285/550 Euros

Instant funding model: 1:6 (Low Risk) or 1:30 (Aggressive)

Bootcamp Model: 1:10 

Freestyle model: 1:30

 

Conclusion 

The 5%ers is a prop trading firm for every trader. For beginners the bootcamp model offers a low cost entry point into trading with prop firms with lower initial risk to the trader. The instant funding model is amazing for those who aren’t a fan of challenges.  And the freestyle model is certainly a new and exciting prospect for any trader. 

The rules are relaxed and support is top notch. Overall the 5%ers deserve their spot in the top 5 prop trading firms.

Frequently Asked Questions

Is the 5ers Legit?

Yes! The 5%ers are a well established prop firm who have been around for over 5 years. They have a 4.8/5 rating on Trustpilot and are generally well regarded in the industry. 

What Broker do the 5ers use?

The 5ers do not use a standard retail broker, instead they have a behind the scenes liquidity pool. Not much information is shared about this (Intentionally) however the conditions appear to be fair.

Should I choose 5ers or FTMO?

There are many differances between 5ers and FTMO. The most ovious is the differant funding models available. The 5ers have more options, but FTMO have narrowed in to the standard 2 phase model. The 5ers have slightly less rules regarding trading than FTMO which may suit certain traders better.

Overall, it comes down to the individual’s trading style and preference – Check out both reviews on this site!

My Forex Funds Prop firm

Prop Firm Review – My Forex Funds

Best suited for: Models to suit all kinds of traders. Rapid model is particularly good for beginner traders as it allows you to earn while you learn. 

Overall Ratings

  • Models on offer: 9/10
  • Cost: 9/10
  • Rule Fairness: 8/10
  • Support: 7/10
  • Profitability: 9/10
  • Scaling System: 9/10
  • Overall: 8.5/10

Overview

My forex funds is an established prop firm with a great reputation, especially concerning fair payouts. Much like the 5ers they offer three varied funding models, including instant funding. This firm has a vibrant discord community, great support and challenge fees are at or below market average. Be sure to check out their extremely generous profit target/max drawdown levels on the evaluation model.

MyForexFunds - Pros

  • Choice of funding models: My forex funds has a great choice of funding models ensuring there’s something suitable for every skill level of trader.
  • Reputation: This prop firm has a great reputation in the industry, make sure to check out the CEO interview on YouTube.
  • Trading Rules – My Forex Funds stands out with the rules, they truly allow the trader to make their own choices without placing limitations on them. 
  • Community – An active discord server with helpful traders supporting each others journey.
  • Dashboard – Easy to understand dashboard and overall well designed front end systems.

MyForexFunds - Cons

  • Support – Due to the huge amount of traders on this platform, support can sometimes be a little slow. This isn’t too much of an issue as most problems can be solved by popping into the discord server or checking the FAQ.
  • Expert Advisors – Confusing rules on EA’s. They appear to be allowed in very specific situations or with prior approval. 

Key Details


My Forex Funds offer three funding models: Rapid, Evaluation and Accelerated. The rules and terms in each vary quite considerably, so its best to take a good look through them all and get familiar with the one you decide to go for. 

Rapid

This model is more of a training program with benefits. Traders will trade on a demo account and aim to hone and prove their trading skills over a 3 month period. As a perk to this training, traders will receive 12% of all profits paid every 2/4 weeks. 

Evaluation

The standard 2 phase challenge model. The evaluation model is by far the most common model traders at my forex funds goes for, and for good reason. Their rules are some of the best around and they offer a huge 12% max drawdown with just a 8%/5% profit target for phase 1 and 2 respectively. 

Accelerated 

The accelerated model that my forex funds offers instant funding at a very reasonable price. For those who are not a fan of challenges and would rather jump into trading a live account this is defiantly somewhere you should look

My forex funds has exceptionally good rules and targets, well above industry average. 

For all models:
  • News trading: Allowed
  • EA/Algo trading: Allowed in certain cases and models, check the models FAQ for more info
  • Weekend/overnight trading: Dependant on model
Rapid
  • 12% Overall Drawdown with 5% max daily drawdown.
  • Consistency rules (Able to opt out)
  • Minimum 3 trading per week (Again able to discuss this with support)
Evaluation
  • 12% Overall Drawdown with 5% max daily drawdown
  • 8% Profit target for phase 1, 5% for phase 2
  • 5 days minimum trading
  • Free re-sit/extension if in profit at end of challenge
  • No Consistency rules
Accelerated 
  • 5% or 10% Max drawdown, deponent on variant
  • Scale at every 10%/20% increasing balance by either 50% or 100%
  • No Min/Max trading days
  • No Consistency rules
  • All trades must be closed for weekend
  • No EA/Copying other traders

Allowed in certain cases and models, check the models FAQ for more info

Rapid Model: Profit share for the rapid model is 12% during the assessment stage. When on a funded account the split will rise each month from 50% up to 80%.

Evaluation Model: Profit share for the evaluation model starts at 75% and raises to 85% increasing 5% per month.

Accelerated Model: A flat 50/50 split.

Due to the number of users support can be relatively slow. They do have a great discord community however who can answer most basic questions. They also have a live chat feature which is helpful. 

Rapid Model: Costs range from $99 for a $10k account to $749 for a $100k account.

Evaluation Model: Costs range from $84 for a $10k account to $949 for a $200k account.

Accelerated model: Costs range from $99 for a $2k live account(conventional) to $4900 for a $50k live account (emphatic)

Rapid Model: 1:500

Evaluation Model: 1:100 / 1:200

Accelerated Model: 1:50

Conclusion 

Overall, this is a well trusted and very fair prop firm. They have a great range of models to suit any trader and their fees are more than reasonable. If you are an algo trader it would properly be best to look elsewhere, but for everyone else, this firm is definitely a great choice.

 

Frequently Asked Questions

Is My Forex Funds Legit?

Yes! My forex funds is a well established prop firm and prides itself on paying its traders. This is evident from the huge numbers of happy traders on its discord as well as its payment proof section.

payment proof my forex funds

Does My Forex Funds use MT5?

Yes, My forex funds offers MT4 and MT5. They are also planning on adding c-trader at some point as well.

What broker does My Forex Funds use?

They use their own server, Traders Global Group for all of their accounts; both Demo and Live accounts.

Does My Forex Funds allow EA’s?

My Forex Funds policy on expert advisers is rather complex and confusing. The best advice would be to contact live support prior to choosing a funding model to ensure you understand their rules.

Where is My Forex Funds Located?

My Forex Funds is located in Ontario, Canada, but welcomes traders from around the globe.

Can I Request payment in crypto at My Forex Funds?

Yes, My forex funds allows payment to be made in crypto as well as traditional payments facilitated by DEEL.