FTUK’s Evaluation Program offers traders the chance to handle account sizes ranging from $14,000 to $90,000. The goal is to identify disciplined and profitable traders who can effectively manage risk in a one-step evaluation period. Traders in the Evaluation Program can trade with leverage up to 1:100 and have the flexibility to choose their account funding in USD, EUR, or GBP.
During the evaluation phase, traders need to achieve a profit target of 10% without exceeding the 8% maximum loss rule. There are no specific minimum or maximum trading day requirements during this initial phase. To progress to funded status, traders only need to reach the 10% profit target without violating the maximum loss rule.
Upon successful completion of the evaluation phase, traders receive a funded account with a minimum withdrawal amount of $250. They must adhere to the 8% maximum loss rule. The first payout occurs after completing 10 active days on the funded account, while subsequent withdrawals can be requested on a daily on-demand basis. The profit split is set at 80%, based on the profit generated on the funded account.
The Evaluation Program also has a scaling plan. If a trader manages to reach a 10% profit target, which depends on the funded account scaling phase, you will be able to scale your account to the next available account size. Please note that if you decide to scale your account, you will not be required to forfeit your profits.
Example:
– The profit target for the $90,000 funded account is 10%.
– Week 1: Generate a profit of 4%.
– Week 2: Generate a profit of 6%.
– The total generated profit from the last two weeks is 10%, which makes the account eligible for scaling since you reached the required 10% profit target.
Evaluation Program Trading Rules & Objectives
– Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for the evaluation phase is 10%. Funded accounts do not have any specified profit targets.
– Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 8%.
– Stop-loss Required – Before initiating a trade, it is mandatory for the trader to place a stop-loss on each position.
– Stop-loss Risk Per Position – Before entering a trade, the trader is required to define a specific percentage-based stop-loss for each position. There is a maximum stop-loss requirement of 2% for each position.
– No Martingale – Traders are prohibited from employing any form of martingale strategy during their trading activities.
