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Can I use an EA or Robot?
Yes, we allow the use of any risk management EA or Trading Bot as long as they are not used in the following ways: Martingale Tick scalping Reverse arbitrage trading Latency arbitrage trading Hedge arbitrage trading
Can I use a trade copier?
Yes, you are allowed to copy trades from a non FTUK account to a FTUK account, but you are not allowed to copy trades to multiple FTUK accounts.
Do I need to use a stoploss on all my trades?
A stoploss is only mandatory on our low risk program and this needs to be set at a maximum of 1.5%.
Do you allow scalping?
Yes, all trading styles are welcome but a trade needs to be open for at least 30 seconds. If a trade is opened by mistake and closed within 30 seconds then the trader won't be punished, but if it is part of the traders strategy then it could lead to a termination.
What platforms do you offer?
We execute all trades through EightCap, you can choose the program that fits you: MetaTrader 4™ by EightCap MT4 is the desired option for most traders. It’s the trading benchmark and a superb platform for managing your trades and using automated EA systems. MetaTrader 5™ by EightCap MT5 has access to more instruments. While MT4 users have access to about 90 individual instruments, MT5 provides access to a larger library and an evolved interface.
Can I hold trades over the weekend?
Yes, there is no time limit to trade durations, and we allow the trader to hold trades over weekends.
Can I trade during major news?
Yes, we allow our traders to trade during news events.
Do you allow hedging?
Yes, as long as you manage your trades so that there are no rule violations.
Can I hold trades overnight?
Yes! There is no time limit to trade durations, and we allow the trader to hold trades overnight.
Who owns the accounts?
All trading accounts that we open and its capital are legally owned by Forex Traders UK.
Inactivity of 30 days
Traders will need to execute a trade at least every 30 days. If the trading account goes dormant for 30 days or more FTUK/Eightcap reserves the right to terminate the account. This only applies to accounts that have already been traded on.
Does FTUK check EA's?
We reserve the right to inspect an EA, its source code, and its strategy at any time.