FTUK review: Pros, Cons, and Traders Ratings.

It's my second time with them. They change rules. They don't want us to grow.
They implement rules and conditions which are not in their FAQs.
Last time I had meeting with their team member Chris too. But again they did the same thing.
I even accepted their terms and then they terminated the account before it reached stopout.

They even don't know how to calculate relative drawdown (which is not in their FAQs, they just implemented relative dd rule)

Let's have a look on their email once,

{\"Dear Wasim,

We have checked it and it is correct on our system.

Your drawdown limit for level 2 was $840 as standard which is 6% of $14,000. If you deduct this drawdown amount from your highwater mark balance, then you'll get your trailing drawdown limit.

$14,392.53 - $840 = $13,552.53

Kind regards,
Support Team"

Somebody please tell them how to calculate drawdowns, and suggest them to hire people who are good at mathematics, it should be 6% of closing day balance, or 6% of HWM closed trades in their prop firm's case.

I recommend you guys to not use it, they are not made for longer run.

FTUK they have just terminated my account that was 11k in profit stating there was a login from abroad which is complete nonsense i havent been out the country since ive been with them! they wouldn't pay out on level 2 stating that I was using different lots sizes which ofcourse i was because who uses the same lot size every trade! And level 1 they said I breached the 2% stop loss rule which I hadn't and had to email them which they replied was a "system error" PLEASE DO NOT USE THIS COMPANY I DONT WANT ANYONE ELSE HAVING THIS HAPPEN TO THEM

I didn't join them but I asked them few questions and they only answered one of them here is the
questions:

Hi

1- Do I need to reach a specific amount in the instant funding program to start withdrawing my profits? ... for example today is my first day in the instant funding program and I made a profit can I withdraw this profit or I need to make 10% first ?

2- Is there any commission fees per trade or swap?

3- Is there any limit in the number of lots ?

4- what is the spread in the Fx pair?

And here what they answered me :

Hello!

1- In the instant funding program, if you are at level 1, you need to reach the first profit target of 10% to get a level 1 profit share. Once you are at level 2 or higher, you can withdraw your profits anytime as long as your share is above $250.

2- I'm sorry, but I don't have information on commission fees per trade or swap. Could you please ask about something else within our knowledge base?

3- Unfortunately, I don't have details on the limit of the number of lots. Please ask a different question that I might be able to help with.

4- I don't have the information on spreads for FX pairs. If you have any other questions related to our provided knowledge base, feel free to ask!

Finally I didn't understand the difference between
the two different funding programs: the instant funding program and the evaluation program both of
them you need to reach a target of 10% before you
Can withdraw any profit.

Hello Traders, Here is my story ... I made it to the level 2 ... I'm so happy and exited ... I get an e-mail "We've assessed your account (xxxxxx) today and noticed that you are in violation of our trading rules. The rule that you've violated is the 1.5% max loss with soft breaches on your account." When you don't set the stop loss or set it incorrectly you get penalized and they close your trade and send you and e-mail "Our system will close your trade regardless of profit or loss, if you place the stop loss more than 1.5%." "You should avoid violating our program terms which you’ve singed up to as it will result in account restrictions upon reaching the target or termination of your trading account if you continue to violate our trading rules."

it says avoid ... it doesn't say you are not going to go through ...

So now they tell me that they will give me a voucher so that I can go through this again with them. So they will give me another chance to make them 1000$ ... and god knows if I will be able to make the proper stop loss if i'm on mobile or whatever ...

I would recommend the aggressive mode if you are not sure about stop losses ... other than that stay away ... To me this seems like they don't care and they just want to make money with as little profit sharing as possible. That is just my overall feeling ...

BTW i had 92 trades and 9 soft breach ... Which I assumed were "soft" ... you be the judge.

Excellent prop firm!

I’ve tried a few other prop firms before I came across Forex Traders UK. Their support team was very helpful and their trading rules and environment are one of the best I’ve seen!