Forex Traders UK Review: Experience, Cons & Pros

Forex Traders UK is a fairly new firm from the UK that offers forex traders around the world up to £1,000,000 in funding and instant funding from £10,000 to £70,000.

Forex Traders UK

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Forex Traders UK Rating: 8,8

Forex Traders UK Features:

  • Funding up to £1,000,000
  • Instant funding from £10,000 to £70,000
  • Access to a live account of 25% of the size of the account you purchased
  • Profit sharing of 50%
  • Maximum duration of 90 days

Forex Traders UK Trading Firm Review

Forex Traders UK Review

Forex Traders UK is an investment company offering forex traders around the world up to £1,000,000 in funding.

What is Forex Traders UK?

Forex Traders UK review

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Forex Traders UK is an intermediary between the forex trading market and newcomers to the industry. The goal of this firm is to offer forex newbies a way to increase their income with a relatively low level of risk.

To avoid paying to use a platform or support expert traders for their own trades, Forex Traders UK allows you to trade on their behalf, with their capital. This allows you to get to know the market better while reducing the risk of working on your own.

The company is based in London, but users from all over the world can register and join FX trading on their platform.

Forex Traders UK Review

Forex Traders UK offers instant funding, live funds, good leverage, and realistic trading parameters. This is combined with a good reputation and a user-friendly application.

When you buy with a one-time payment, you will have access to a real account of 25% of the size of the account you bought. When you reach your profit goal, you’ll be given the full size – it’s a slightly different way of funding, so you don’t have to spend months on a demo account.

You will have a 50% profit sharing, £1,000,000 guaranteed funding with a scaling plan, achievable profit milestones, and a realistic 5% drawdown limit on a low-risk account. The 50% profit distribution is the industry standard. It’s slightly lower than other firms like Lux Trading Firm and DT4X Trader.

Leverage on the low-risk account is limited to 1:10, whereas it is 1:30 on aggressive accounts, so I personally recommend avoiding the low-risk option unless you want to trade more frequently but with very little risk per trade.

You will be trading your real funded account on the MetaTrader 4 platform. The platform is not the most advanced, but it is more than enough for most retail traders, and most MT4 users, like myself, also make their technical charts on TradingView.

Forex Traders UK Features and Highlights

🌍 Location London, UK
⚖️ Leverage up to 1:30
📈 Trading styles all traders
➕ Trading Account Metatrader 4
💷 Currency Pound sterling (GBP)
💰 Payment methods
PayPal, cryptocurrency, and debit or credit card
🖥️ Technology
Browser-based application and mobile app
🌱 Trial
30 days in phase 1 and 60 days in phase 2

Forex Traders UK Trustpilot Reviews

Forex Traders UK Trustpilot Reviews

Top benefits in user’s opinion:

  • Great customer service.
  • Simple and easy to set up.
  • Clear and realistic rules.

Forex Traders UK Trustpilot

 

Forex Traders UK Trading Programs

Forex Traders UK programs

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What you need to know

  • 5% stop out

All programs come with a fixed level of stop-out. As soon as the equity level of the account falls below this fixed stop-out level, the company closes all current trades and disables trading and access. The stop-out level is a fixed value for each funding level, it means that any profit made by the trader increases the loss reserve.

  • Target 10% at Step 1

You need to reach your 10% profit goal without breaking any other rules within 30 calendar days. Your time starts when you open your first trade.

  • 5% Goal for Phase 2

You must reach your profit goal of 5% without violating any other rules within 60 calendar days. Your time counts from the moment you open the trade.

  • Minimum 10 trading days

You must trade for a minimum of 10 trading days to pass the assessment.

  • No Trading Restrictions

Trade the way you want, in your size and at your time. Forex Traders UK does not restrict you in the way you trade. However, we recommend that you maintain consistency and pay special attention to risk management, as this is important for long-term success.

Evaluation Program

The Evaluation program allows you to start on a real account and any earnings will be shared with you. The company offers 4 funding amounts ranging from £10,000 to £70,000, where you get 25% of the amount immediately and the other 75% after the first goal is reached.

With this program, Forex Traders UK gives professional traders a quick path to a fully-funded real account.

Evaluation Program Benefits

  • Up to 80/20 profit split
  • One free retake
  • 1-1 Support
  • Fast Scaling
  • Hold trade overnight and weekend
  • All styles

Evaluation Funding Levels

Evaluation stage £10 000 £30 000 £40 000 £70 000
Level 2 funding £10 000 £30 000 £40 000 £70 000
Level 3 funding £20 000 £60 000 £80 000 £140 000
Level 4 funding £40 000 £120 000 £160 000 £280 000
Level 5 funding £80 000 £240 000 £320 000 £560 000
Level 6 funding £160 000 £480 000 £640 000 £1 000 000
Level 7 funding £320 000 £960 000 £1 000 000
Level 8 funding £640 000 £1 000 000
Level 9 funding £1 000 000

Features of Evaluation Funding Program

£10,000 £30,000 £40,000 £70,000
Target 10% Phase 1 – 5% phase 2
Absolute drawdown 5%
Maximum Trading Days 30 days Phase 1 – 60 days Phase 2
Minimum trading days 10 trading days
Leverage 1:30
Guaranteed funding £1,000,000
Refundable one-time payment £119 £299 £349 £449

Instant Funding

Forex Traders UK offers instant funding from £10,000 up to £70,000. After purchasing with a one-off fee, you will have access to a live account 25% of the size of the account purchased. Once you reach your profit targets, you’ll be allocated the full amount – it’s a slightly different way of funding, so you don’t have to work for months on a demo account.

Instant Funding Program Benefits:

  • Up to 80/20 profit split.
  • One free retake.
  • 1-1 Support.
  • Fast Scaling.
  • Hold trade overnight and weekend.
  • All styles.

Funding Levels

  1. Low Risk.
  2. Aggressive.

Low Risk Level for £10,000 Accounts

Program level Funding balance Milestone target Maximum loss Leverage Profit Split Max Stoploss
Level 1 £2 500 £250 £125 1:10 50/50 £38
Level 2 £10 000 £1 000 £500 1:10 50/50 £150
Level 3 £20 000 £2 000 £1 000 1:10 60/40 £300
Level 4 £40 000 £4 000 £2 000 1:10 60/40 £600
Level 5 £80 000 £8 000 £4 000 1:10 70/30 £1 200
Level 6 £160 000 £16 000 £8 000 1:10 70/30 £2 400
Level 7 £320 000 £32 000 £16 000 1:10 80/20 £4 800
Level 8 £640 000 £64 000 £32 000 1:10 80/20 £9 600
Level 9 £1 000 000 N/A £50 000 1:10 80/20 £15 000

Features of Low-Risk Funding Program

£10 000 £30 000 £40 000 £70 000
Instant funding
£2 500
£7 500 £10 000 £17 500
Target 10%
Absolute drawdown 5%
Maximum Time 90 days
Profit Split Up to 80%
Leverage 1:10
Guaranteed funding £1 000 000
Refundable one-time payment £200 £450 £575 £950

Aggressive Risk Level for £10,000 Accounts

Program level Funding balance Milestone target Maximum loss Leverage Profit Split Max Stoploss
Level 1 £2 500 £625 £125 1:30 50/50 Not required
Level 2 £10 000 £2 500 £500 1:30 50/50 Not required
Level 3 £20 000 £5 000 £1 000 1:30 60/40 Not required
Level 4 £40 000 £10 000 £2 000 1:30 60/40 Not required
Level 5 £80 000 £20 000 £4 000 1:30 70/30 Not required
Level 6 £160 000 £40 000 £8 000 1:30 70/30 Not required
Level 7 £320 000 £80,000 £16 000 1:30 80/20 Not required
Level 8 £640 000 £160 000 £32 000 1:30 80/20 Not required
Level 9 £1 000 000 N/A £50 000 1:30 80/20 Not required

Features of Aggressive Funding Program

£10 000 £30 000 £40 000 £70 000
Instant funding
£2 500
£7 500 £10 000 £17 500
Target 25%
Absolute drawdown 5%
Maximum Time 90 days
Profit Split Up to 80%
Leverage 1:30
Guaranteed funding £1 000 000
Refundable one-time payment £200 £450 £575 £950

Trading Platforms

Forex Traders UK focuses on the trading, not the platform itself. However, this doesn’t mean you don’t have access to the software you need to get the job done.

With the standard MetaTrader 4 trading platform, you can get started more quickly and intuitively than with niche software or a more complex tool. MT4 is also compatible with mobile devices, making trading even easier.

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How Does Forex Traders UK Work?

Here’s what to expect when you sign up to trade on this platform:

  • Trading with other people’s money

One of the biggest problems newbies to FX trading face is investing their own money in something they know little about. Forex Traders UK provides you with capital to trade for a fixed amount of £200, and you will get a certain level of profit depending on how well you do.

This is all done using the popular MT4 software, and the typical starting capital limit for beginners is £2 500.

  • Achieving your profit targets

Whether you choose an aggressive or a low-risk program, you will need to meet certain profit targets to maintain your trader status. Leverage of 1:30 is critical to achieving these profit targets.

Forex Traders UK supports your growth by increasing your capital as you make a profit while maintaining the same percentage targets depending on your program style.

  • Profit when you trade successfully

Traders using Forex Traders UK make money through monthly payouts. With a 50% payout on all winnings, both the platform and users benefit from successful trading. The better you perform, the more capital you receive as part of the service.

Forex Traders UK Education and Coaching Plan

Forex Traders UK Educational Program

Forex Traders UK offers training for traders, which is great as not many companies are currently doing this themselves. They offer basic and advanced courses that should cover everything you need to know to advance your trading path.

These courses are not free, which is a shame, but the fact that the company still offers the courses itself and not just affiliate links to other companies is a huge benefit for merchants.

Benefits of Forex Traders UK

Forex Traders UK advantages

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There are a few key points that set Forex Traders UK apart from some of the other leading companies in the industry:

1. Opportunity for expansion

Because the company is looking for reasonable and consistently profitable traders, it is willing to extend your challenge slightly if you are close to reaching your profit targets and have not breached any of your risk parameters during the 90-day challenge. I think this shows a very good side of the industry, as many competitors would not offer such leniency.

2. Duration

Challenges last up to 90 days, with no minimum number of days. This is three times longer than most challenges you face in other companies and therefore it is much easier to succeed and fund.

3. Immediate funding

When you accept a challenge from Forex Traders UK, you get immediate access to trading capital. It won’t be full trading capital, but you will still be trading with real trading capital immediately. I think it’s great that you can get started right away!

4. Plan for scale

The company offers a scaled plan that allows you to develop an account with them much faster than trying to develop your own trading capital. Each time you reach the 25% profit growth target, your trading capital is doubled. This means that within a few months, with very good results, you can have a trading capital of up to £1 million, which sounds amazing, doesn’t it?

5. Weekend withdrawals are allowed

Some of the big support companies don’t allow weekend trading and if you’re not on the floor by market close you could lose funding. Fortunately, Forex Traders UK allows you to hold positions over the weekend, which means swing traders and day traders still have a chance to get funded!

Pros & Cons

Pros

  • Standard MT4 is easy to use if you want to switch platforms once you have mastered it.
  • Low-risk and aggressive programs are suitable for a wide range of traders.
  • For beginners, risk-free capital is available for a one-off fee.
  • You can start immediately, without a demo or testing.
  • It is designed for beginners and aims to help those who are new to forex trading.

Cons

  • You do not earn as much using someone else’s capital as if it were your own.
  • If you do not reach your target profits, you will be removed from the program.
  • The Academy is quite incomplete, so it is not the right place to start a complete education.

Conclusions

If you are looking for a low-risk platform where you can learn trading in practice, Forex Traders UK is the perfect solution for you.

Provided you follow the necessary rules and adhere to the minimum requirements, this platform can be a great way to get started in forex trading.

The downside of this company is that it is very new and not very well known in the industry. Until the company has more testimonials, more time, and more visibility, it’s hard to say if it’s trustworthy and will be here for the long haul. I am currently sitting on the sidelines waiting for the next few months to pass before the company and merchants start withdrawing money from their accounts.

FAQ

Do I need to use a stoploss on all my trades?

Yes! The company requires you to use a stoploss on every trade you place. On the low-risk program, this needs to be set at a maximum of 1.5%.

Aggressive accounts don’t require a stoploss but they strongly advise you to use one. All trades on account with a PnL of -10% or greater will be automatically closed.

How does Forex Traders UK absolute drawdown work?

All funded accounts come with fixed equity stop-out level which is the starting balance – 5%. This is a fixed value and won’t trail up nor down and means that any profit made will increase the loss allowance.

Example: On a £10,000 funded account, the equity stop-out level is set at £9,500. The account has realized a profit of £800, this means that the total loss allowance is now £500 + 800 = £1,300

When will I get paid?

Allow up to 2 working days for the pay-out to be processed. The amount of time for the pay-out to reach your account can vary depending on the payment method.

Kevin Doran

I have been trading forex since 2015. Over the past few years, I have tried and tested all the most popular Forex Brokers. I publish my reviews to help you choose a reliable broker and reduce your risks.

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