This article presents a detailed comparison between The5ers and FTUK, two notable proprietary trading firms, focusing specifically on their instant funding programs and overall offerings to forex traders around the world.
Company Profiles
The5ers and FTUK are well-established and respected in the proprietary trading industry. The5ers, launched in April 2020 by CEO Gil Ben Hur, is based in London, UK. FTUK, under the leadership of Haseem Gafer since December 2021, also operates from London, UK. The5ers offers a maximum allocation capital of $4,000,000, while FTUK provides up to $17,280,000. Both firms are known for their robust scaling plans, catering to ambitious traders.
Funding Program Options
Both The5ers and FTUK offer a variety of funding programs. The5ers provides a two-step and three-step evaluation, along with instant funding. FTUK, in contrast, offers a one-step evaluation and instant funding, demonstrating their flexibility in funding options.
Instant Funding Program Comparison
- Profit Target: 10% for both The5ers and FTUK.
- Daily Drawdown: The5ers implements a daily pause at 3%; FTUK does not specify.
- Overall Drawdown: 6% for The5ers and 8% for FTUK.
- Leverage: Up to 1:30 for The5ers and up to 1:100 for FTUK.
- Trading Period: 12 months for The5ers; no limit for FTUK.
- Profit Split: 50% to 100% for The5ers and 80% for FTUK.
Pricing for Account Sizes
The pricing structure for various account sizes at both firms is as follows:
- $10,000: $260 with The5ers; not available with FTUK.
- $14,000: Not available with The5ers; $200 with FTUK.
- $20,000: $450 with The5ers; not available with FTUK.
- $40,000: $850 for The5ers; $550 for FTUK.
- $60,000: Not available with The5ers; $750 with FTUK.
- $90,000: Not available with The5ers; $1,200 with FTUK.
Brokers & Trading Platforms
The5ers works with a Liquidity Provider offering Direct Market Access, while FTUK partners with Eightcap. Both firms utilize MetaTrader platforms, with The5ers offering MetaTrader 5 and FTUK providing both MetaTrader 4 and MetaTrader 5.
Trading Instruments
When comparing trading instruments, both The5ers and FTUK provide access to Forex pairs, commodities, and indices, ensuring a diverse trading experience for their clients.
Community Feedback
Community feedback is an essential indicator of a firm’s reputation. Trustpilot shows The5ers with a 4.8/5 rating from 1,505 reviews, indicating a higher level of popularity compared to FTUK’s 4.2/5 rating from 177 reviews.
Conclusion
In summary, both The5ers and FTUK offer valuable opportunities for traders, each with distinct features in their instant funding programs, trading rules, pricing structures, and community feedback. The choice between them would depend on the individual trader’s preferences and objectives.