What Are the Drawdown Limits?
The maximum drawdown, daily drawdown and drawdown type will vary depending on which program you are trading.
INSTANT FUNDING
The maximum drawdown at every stage of the instant funding program is 6%.
This is a RELATIVE DRAWDOWN based on your BALANCE.
EXAMPLE
If you are trading the 10K account, your account balance must not fall below $9,400.
If you reach an account balance of $10,250, your new minimum account balance would be $9,650.
If you then reach an account balance of $10Few readersIs Copy Trading Allowed?
Copy trading is permitted for our clients, but only from personal accounts legally tied to the account holder.
Copying trades between non-FTUK and FTUK accounts is permitted.
You can use FTUK accounts as both master and slave.
You are not allowed to copy trades between multiple FTUK accounts.
Placing the same trades on multiple FTUK accounts is a violation. Traders should trade them differently to diversify their risks.Few readersHow Many Accounts Can I Trade Simultaneously?
With the exception of competition accounts and trial accounts, our traders may purchase and trade up to 3 forex accounts and 3 futures accounts at once - meaning a total of 6 accounts.
It is important that you use a different strategy on each account so we can diversify our portfolio and reduce our exposure and risk.
This means that at the same time, the asset being traded should not be the same - this could be flagged as copy trading.
Merging Accounts
PLEASE NOTE: We are unFew readersCan I Use a VPN or VPS?
You are allowed to use a fixed VPS or VPN as long as the trades originate from the same IP address.
Should we detect a pattern of utilizing numerous diverse IP addresses from various countries at the same time for trade placement or attempting to conceal IP addresses.
Such behaviour will result in account termination.Few readersWhat Are the Commissions
What are commissions?
Commissions are a charge made by a broker through the electronic communications network (ECN) for their service of buying or selling intruments for you, the trader.
How much are the commissions on FTUK accounts?
Commissions are charged at a flat rate of $4 per standard lot on FOREX pairs only.
There are no commissions appicable to commodities, indices or cryptocurrencies.
The commission is the same on all trading platforms and account typesFew readersHow Do You Define a "Trading Day?"
We define a trading day as a 24-hour period (10pm UTC - 9:59pm UTC) where at least 0.5% profit is made in that same 24-hour period.
The 0.5% refers to the amount of the starting balance of the stage you are trading.
For example, if you are in Level 2 of the 25K account with a balance of $50,000, then you need to make at least $250 in the 24-hour window for this to count as a trading day.Few readersCan I Trade The Economic News?
In our Instant Funding Program, news trading is permitted at all stages with no restrictions.
The following rule applies to our One-Step and Two-Step programs:
If a trade is opened or closed within the specified 10-minute window, it will be considered a soft breach, and:
Profits will be erased.
Losses will not be compensated under any circumstance.
The 10 minute window begins exactlly 5 minutes before a major news release, and closes 5 minutes after. During this period:
It isFew readersWhat Are Account Breaches?
The severity of a breach falls into one of two categories:
Hard Breach
A hard Breach is defined as a situation in which the maximum drawdown limit, daily drawdown limit, or the frequency of violations specified in the soft breach section exceeds the permissible thresholds. This category of violation typically results in the termination of the account.
Soft Breach
Refers to the allowed number of violations a trader may incur before their account is permanently closed. Examples of softFew readersWhat Are the Spreads?
Whilst there is no definitive answer to this question, there are certain things to be aware of when it comes to spreads on your trading platform.
What are spreads?
The spread is the name generally given to the difference between the buying price and the selling price of an instrument or asset.
For example, if the GBPJPY pair has a selling price of 1.08440 and the buying price is 1.08445, then the spread on this instrument is 0.5 (or half a pip).
Why do spreads move?
During quiFew readersWhat is the Consistency Score?
The consistency percentage currently applies to our Instant Funding Program only and must be met before any payout or account scaling can be achieved.
On our Instant Funding Program, you have the ability to request payouts on demand or scale up if the following applies:
Your account is in profit.
Your account is flat (no running or pending trades).
Your consistency score is 20% or lower.
There are no minimum trading days required, and no target profit to reachFew readersWhat Is the Leverage for Forex Pairs?
For FOREX pairs, the leverage increases along with the account balance as you work your way through the scaling plan (Levels 1 - 7)
INSTANT FUNDING
ONE-STEP
TWO-STEPFew readersWhat Are the Swap Fees?
What are swaps?
Swaps are fees charged for keeping a position open overnight or over the weekend.
How much are the swap fees at FTUK?
We have removed our swap fees from all instruments on TradeLocker and Match-Trader to keep things as simple as possible for our traders.Few readersPROGRAM RULES
INSTANT FUNDING RULES
ONE-STEP RULES
TWO-STEP RULESFew readersDo I Need to Use a Stop Loss?
As of 20th February 2025, stop losses are no longer required on ANY ACCOUNT.
Traders now have the flexibility to manage their trades without the requirement of placing a stop loss.
For INSTANT FUNDING programs purchased before 20/02/2025, stop losses remain mandatory on all trades. We recommend placing the stop loss BEFORE executing the order, though we allow up to 60 seconds after execution.Few readersWhat is the Account Protector?
The FTUK Account Protector is an automated risk management tool which promotes traders to always be aware of their downside risk.
How It Works
The Account Protector monitors the equity on open trades and functions in two ways.
It will automatically close any trade(s) where exposure on a single trading instrument has exceeded more than 2% of the starting balance.
If the open PnL for the account equity drops below 2% of theFew readersWhat Trading Styles are Permitted?
Few readersWhat is the Inactivity Rule?
We ask that a trader places and closes a trade at least once every 30 days.
Failure to do so will result in an automatic hard breach.
What if I need to take a break?
If you need to take a break for any reason at all and you know you will not be placing a trade for between 30 and 90 days then please get in touch with us to let us know.
We will leave a marker on your trading account so it will remain open.
Any breaks of 90 days or longer are usuallyFew readers