FTUK has encountered some issues in its operations as its partnered broker abruptly severed access to all accounts. The disruption, attributed to a legal threat from MetaQuotes, caught FTUK off guard, prompting an urgent need for action to mitigate its impact on traders.
In response, FTUK swiftly implemented a transition plan, introducing MatchTrader as an alternative platform. Over the course of a weekend, the firm efficiently migrated all traders to the new system, ensuring continuity in trading activities despite unexpected circumstances.
FTUK Broker Issues: Migration to New Platform
The decision to integrate MatchTrader was part of FTUK’s proactive approach to promptly resolve the disruption. Additionally, the firm announced plans to finalize the integration of DXTrade, further diversifying its platform offerings and providing traders with more options.
Acknowledging the inconvenience caused to traders, FTUK issued a sincere apology and reassured its community of its unwavering commitment to supporting them throughout the transition process. The firm emphasized its dedication to minimizing disruptions and maintaining a seamless trading experience for all stakeholders.
FTUK’s ability to swiftly adapt to unforeseen challenges reflects its resilience and agility in navigating complex market dynamics. By prioritizing the needs of its traders and swiftly implementing alternative solutions, the firm has demonstrated its commitment to excellence.
However, FTUK continues to work diligently to address the disruption and finalize platform integrations; traders can expect further updates and communication from the firm. In the face of adversity, FTUK remains steadfast in its mission to empower traders and uphold its reputation as a trusted leader in the prop trading industry. So, summarizing it all, they are partnered with a tier-1 liquidity provider with the best simulated real market trading conditions. Regarding trading platforms, the only currently available one is MatchTrader, which is additionally working on implementing DXtrade in the near future.
About the Firm
Here are some interesting facts about the firm:
- USD, EUR, and GBP Account Currencies
- Leverage up to 1:100
- No Minimum & Maximum Trading Day Requirements
- Scaling Plan
- No Maximum Daily Drawdown
- On-demand Payouts After First Payout
- Profit Share of 80%
- Overnight & Weekend Holding Allowed
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