Introduction:
In this blog post, we will provide a detailed comparison of two prominent trading firms, the FTUK Funded Trading Program and the FTMO Prop Trading Firm. As traders who have experienced both platforms, we have gathered valuable insights that will help aspiring traders make an informed decision. Let’s dive into the features, evaluation processes, payout systems, trading platforms, and additional benefits offered by each firm.
| Prop Firm Details | FTMO | FTUK |
| Year Founded | 2014 | 2021 |
| Maximum Balance | $2,000,000 | $5,760,000 |
| Tradeable Assets | Forex Indices Metals Commodities Stocks Crypto |
Forex Indices Commodities Crypto |
| Challenge Type | Two Step Evaluation | One-Step Evaluation Instant Funding |
| Trading Platforms | MT4 MT5 cTrader |
MT4 MT5 |
| Trading Hours | Holding Overnight Holding Over Weekend |
Holding Overnight Holding Over Weekend |
| Copy Trading | ✅ | ❌ |
| News Trading | ✅ | ✅ |
| EAs | ✅ | ✅ |
| Trust Pilot Rating⭐ | 4.9 / 5.0 | 4.6 / 5.0 |
| Trust Pilot Reviews | 4,408 | 150 |
| Payment Types | Wire Transfer Skrill Crypto Credit Card Google Pay Nuvei Checkout.com Confirmo |
Wire Transfer Paylpal Payoneer Coinbase Revolut Wise |
Evaluation Process:
The evaluation process is a crucial aspect of both the FTUK Funded Trading Program and the FTMO Prop Trading Firm. FTUK follows a single-phase evaluation program, allowing traders to showcase their skills in a streamlined process. On the other hand, FTMO offers a two-step evaluation course, consisting of the FTMO Challenge and Verification stages. Both firms aim to assess traders’ abilities and discipline before granting access to funded accounts.
Funding Ranges:
FTUK offers a range of funding amounts from $14,000 to $90,000, providing traders with various options based on their capital requirements. In contrast, FTMO allows traders to manage an FTMO Account with a balance of up to $400,000, offering a higher potential account size.
Payout System:
The payout systems differ between the two firms. FTUK provides flexible withdrawals, allowing traders to withdraw funds starting from Level 2, ensuring financial liquidity. FTMO, on the other hand, offers competitive profit splits with a default payout ratio of 80:20. However, traders who meet the conditions of the Scaling Plan can enjoy an impressive 90:10 payout ratio, along with a 25% account balance increase every four months.
Trading Platforms and Instruments:
Both FTUK and FTMO offer popular trading platforms such as MT4, MT5, and cTrader, providing traders with a wide range of instrument options, including Forex, Indices, Crypto, and Commodities. The trading conditions provided by both firms aim to simulate real market conditions with low commissions, super-raw spreads, and no markup.
Additional Benefits:
FTUK and FTMO offer additional benefits to traders. FTUK provides study coaches who work closely with traders to enhance their decision-making abilities and foster consistency. FTMO offers custom trading apps, account analysis, unbiased feedback, and educational resources through their Trading Academy, including tutorials, webinars, and collaborations with experienced traders and mentors.
Conclusion:
Both the FTUK Funded Trading Program and the FTMO Prop Trading Firm provide valuable opportunities for aspiring traders. FTUK’s single-phase evaluation program, flexible time limits, and affordable sign-up fee make it an attractive option for traders looking to access capital. FTMO, on the other hand, offers a higher potential account size, a unique two-step evaluation process, and the opportunity for traders to scale their accounts based on exceptional performance.
Ultimately, the choice between FTUK and FTMO depends on individual preferences and trading goals. We recommend carefully considering the evaluation processes, funding ranges, payout systems, trading platforms, and additional benefits offered by each firm to determine which aligns best with your trading style and objectives. Happy trading!
