In this article, we compare Funded Trading Plus and FTUK, two prominent proprietary trading firms based in London, UK, focusing on their instant funding programs and overall offerings to the global forex trading community.
Company Overviews
Funded Trading Plus and FTUK have established themselves as trustworthy and reliable in the proprietary trading sector. Funded Trading Plus began its operations in November 2021, led by CEO Simon Massey, while FTUK, under the leadership of Haseem Gafer, started in December 2021. Funded Trading Plus allows traders to manage up to $100k instant funding accounts, whereas FTUK offers up to 3x $90k instant funding accounts. Both firms also emphasize their scaling plans.
Funding Program Options
Funded Trading Plus and FTUK offer a range of funding programs. While Funded Trading Plus provides a one-step evaluation, two two-step evaluations, and an instant funding program, FTUK offers a one-step evaluation and instant funding, catering to various trader needs.
Instant Funding Program Comparison
- Profit Target: 5% for Funded Trading Plus and 10% for FTUK.
- Daily Drawdown: Not specified for either firm.
- Overall Drawdown: 5% (Trailing) for Funded Trading Plus and 8% for FTUK.
- Leverage: Up to 1:30 for Funded Trading Plus and up to 1:100 for FTUK.
- Trading Period: No limit for both firms.
- Profit Split: 70% to 90% for Funded Trading Plus and 80% for FTUK.
Pricing for Account Sizes
Detailed pricing for various account sizes at both firms is as follows:
- $5,000: $225 with Funded Trading Plus; not available with FTUK.
- $10,000: $450 with Funded Trading Plus; not available with FTUK.
- $14,000: Not available with Funded Trading Plus; $200 with FTUK.
- $25,000: $1,125 with Funded Trading Plus; not available with FTUK.
- $40,000: Not available with Funded Trading Plus; $550 with FTUK.
- $50,000: $2,250 with Funded Trading Plus; not available with FTUK.
- $60,000: Not available with Funded Trading Plus; $750 with FTUK.
- $90,000: Not available with Funded Trading Plus; $1,200 with FTUK.
- $100,000: $4,500 with Funded Trading Plus; not available with FTUK.
Brokers & Trading Platforms
Both Funded Trading Plus and FTUK partner with Eightcap as their broker. They utilize the MetaTrader 4 and MetaTrader 5 platforms, offering a range of options for traders.
Trading Instruments
When comparing trading instruments, both firms provide access to Forex pairs, commodities, and indices. However, Funded Trading Plus also offers opportunities in cryptocurrencies, expanding its trading options.
Community Feedback
Community feedback is crucial for gauging a firm’s reputation. Trustpilot shows Funded Trading Plus with a high rating of 4.9/5 from 1,788 reviews, compared to FTUK’s 4.2/5 rating from 177 reviews, indicating a higher level of popularity for Funded Trading Plus.
Conclusion
In conclusion, both Funded Trading Plus and FTUK offer valuable opportunities for traders, with clear differences in trading rules, objectives, pricing, and community feedback. Their selection of funding program options, including instant funding, caters to a variety of trader preferences and strategies.