Funded Trading Plus is one of the fastest growing prop firm providers. This is not surprising when you see the range of programs they offer. They provide simple rules, offer up to a 90% profit split and have competitive pricing. The entry level program starts from $12,500 and you can trade up to $2,500,000. FT+ offer Forex, indices, commodities and the largest crypto offering available.
- Scaling option
- Up to $2,500,000 capital
- Profit splits up to 90%
- A large variety of trading instruments (forex pairs, commodities, indices, cryptocurrencies)
- No minimum or maximum trading days
- Overnight trading and holding is allowed
- News trading allowed
- Leverage up to 30:1
Funded Trading Plus encourages its traders to succeed in their careers. They enable them to earn more profits by trading up to $100,000 accounts before being eligible to scale their accounts further up to $2,500,000. You can choose from one assessment phase, two assessment phase challenges, or direct funding. Upon successful completion, you are rewarded with up to 90% profit splits on your earnings.
Who are Funded Trading Plus?
Funded Trading Plus is a proprietary trading firm incorporated on the 2nd of November, 2021, and officially launched on the 16th of December, 2021. Their headquarters are located in London, UK. They allow their clients to work with an account with up to $200,000 capital, scaled up to $2,500,000. They have integrated their technology with a broker EightCap, an ASIC-regulated broker in Melbourne, Australia.
Their principal place of business is at 7 Bell Yard, London, England, WC2A 2JR.
Interview with CEO Simon
Funding program options
Funded Trading Plus provides its clients with four different account funding program types:
- Experienced trader program
- The advanced trader program
- Master trader program
For an experienced trader program you can choose from the following account sizes:
- $12,500 account for $119
- $25,000 account for $199
- $50,000 account for $349
- $100,000 account for $499
- $200,000 account for $999
Experienced trader program consists of a one-phase assessment. The required profit target to reach is 10%, while you cannot surpass the daily 3% and total 6% drawdown. You can trade manually or use EAs. The leverage is up to 30:1 with a profit split of 80 up to 90%.
Once you pass the one-phase assessment, they will provide you with a real live funded trading account of the same size. You can choose if you will compound your profits or multiply your account capital so that you can get access to more significant amounts of capital to trade with.
For the advanced trader program, you can choose from the following account sizes:
- $25,000 account for $199
- $50,000 account for $349
- $100,000 account for $499
The advanced trader program consists of a two-phase assessment.
The required profit target to hit at phase one is 10%, while you cannot surpass the daily drawdown of 5% and the total drawdown of 10%.
The required profit target to hit at phase two is 5%, while you cannot surpass the daily drawdown of 5% and the total drawdown of 10%.
You can trade manually or use EAs. The leverage is up to 30:1 with a profit split of 80 up to 90%.
Once you pass the two-phase assessment, they will provide you with a real live funded trading account of the same size. You can choose if you will compound your profits or multiply your account capital so that you can get access to more significant amounts of capital to trade with.
Another positive feature is that you are not limited to a minimum or maximum trading days while trading your assessment or real live funded trading account.
For the master trader program, you can choose from the following account sizes:
- $5,000 account for $225
- $10,000 account for $450
- $25,000 account for $1,125
- $50,000 account for $2,250
- $100,000 account for $4,500
The last program is the master trader program which is also called instant funding. This program has no evaluation stages, which allows you to start earning profit splits instantly. The required profit target to hit is 5%, while you cannot surpass the drawdown of 5%. There is no daily drawdown rule. You can trade manually or use EAs while the leverage is up to 30:1 with a profit split of 70 up to 90%.
Funded Trading Plus also has a real account multiplier, meaning that consistently successful traders get to compound their profits or scale their accounts to a balance up to $2,500,000.
An excellent feature all the funding program options offer is that you are not limited to a minimum or maximum trading days while trading your assessment or real live funded trading account. This reduces the stress a limited period can cause to certain traders and allows you to stick to your risk management strategy and progress at your own pace.
You are allowed to trade forex pairs, commodities, indices, and cryptocurrencies.
What makes Funded Trading Plus different from other prop firms?
Funded Trading Plus differs from most industry-leading prop firms due to having relaxed trading rules with almost no restrictions. For example, you can trade during news and hold trades overnight, while EA’s, algorithmic trading, and bots are also allowed.
The only restrictions you should focus on are the daily and maximum drawdown and closing positions during the weekends (cryptocurrencies are an exception).
Compared to other prop firms, Funded Trading Plus allows you to choose from three different funding programs: experienced, advanced, and master trader programs while offering up to 30:1 leverage and profit splits of 70-90%.
The 1-phase assessment has a profit target of 10%, while you can only lose 3% daily or 6% overall, which can be considered quite difficult.
The 2-phase assessment has a profit target of 10% for phase one and 5% for phase two, identical to FTMO. The assessment phases also have no minimum trading day requirement, making it possible to complete in a shorter period than other prop firms. For example, My Forex Funds have 5 minimum trading days for their Evaluation Process, while FTMO has 10 minimum trading days for each Phase.
The master trader program is also called instant funding. This program has no evaluation stages, which allows you to start earning profit splits instantly. The required profit target to hit is 5% with no daily drawdown rule, while you cannot surpass the drawdown of 5%.
In conclusion, many different strategies can acquire funding from Funded Trading Plus due to their relaxed trading rules with almost no restrictions. You should focus on fulfilling the profit target while not falling below the daily and total drawdowns.
Is getting Funded Trading Plus capital realistic?
It’s essential to see how realistic the trading requirements are when looking at prop firms that best suit your forex trading style. For example, a company offering a high % profit split on a highly funded account sounds great, but if they expect high % gains per month with low % maximum drawdowns, your chances of success become close to zero.
After considering all of that, Funded Trading Plus is an excellent choice to get funded with. This is since you can choose from three different funding program options with simple and straightforward rules.
The rules for the one-phase assessment are realistic but more complicated since you are required to hit a profit target of 10% while not surpassing the daily 3% or total 6% drawdown.
The rules for the two-phase assessment are also realistic since you are required to hit a profit target of 10% while not surpassing the daily 5% and total 10% drawdown.
The rules for direct funding are also realistic since you are required to hit a profit target of 5% while not surpassing the total 10% drawdown.
Overnight holding and news trading are also allowed, which is excellent for day traders and swing traders looking for capital up to $200,000 with a chance to scale it up to $2,500,000.
Funded Trading Plus is a proprietary trading firm incorporated on the 2nd of November, 2021, and officially launched on the 16th of December, 2021. You can find most of their payment proof on their Discord, under the channel ”payouts”.
Another source of payment proof would be their Youtube channel where they interview their successful traders.
Which broker does Funded Trading Plus use?
Funded Trading Plus has integrated its technology with a broker EightCap, an ASIC-regulated broker in Melbourne, Australia. They were founded in 2009 with a simple, straightforward mission to provide exceptional financial services to its clients. They have five offices around the globe and regulations in multiple locations providing clients worldwide with the ability to trade on markets across FX, indices, commodities, and shares.
EightCap is considered average-risk, with an overall Trust Score of 73 out of 99. They have the following features:
- Forex Trading
- CFD Trading
- Cryptocurrency Trading
- Social Trading/Copy-Trading
- A total of 326 Tradeable Symbols
- A total of 45 Forex Pairs
They offer two account types, one being Raw and the other Standard. The commissions and fees will depend on which of the two you choose. Fees for Standard accounts are built into a spread and for Raw accounts into a commission. Another fee you should always consider is the overnight fee, which is an interest for holding an open position overnight in trading.
They deliver a personalized trading experience and create an ultra-efficient technology infrastructure for you to trade on and have been awarded the Best Global Forex MT4 Broker 2020 at the Global Forex Awards for doing so.
As for trading platforms, you can use:
Funded Trading Plus offers a large variety of trading instruments. You are allowed to trade forex pairs, commodities, indices, and cryptocurrencies.
Education & Support for traders
To see the mentioned thread click here.
They also provide a well-structured dashboard that all of their clients can access, making it easier to manage risk with all the objectives of their statistics.
Traders comments about Funded Trading Plus
Funded Trading Plus has excellent feedback from its community.
On Trustpilot, they have a large variety of their community commenting and giving positive feedback with a great score of 4.7/5 out of 93 reviews.
They also have a fast and reliable support team that will provide you with all the necessary information you require from them or if you are unsure of anything. A vast majority of the community also praises their well-structured dashboard.
Social media statistics
Funded Trading Plus can also be found on social media.
They have a:
- Facebook page with 73 followers,
- Twitter account with 9 followers, and
- Youtube channel with 481 subscribers and 23 uploaded videos.
They also have a Discord channel with 1,523 members.
The support team is available on their social media, or you can directly contact them on their email email@example.com.
They also have active live chat support, where you can message them, and will get a reply. If they aren’t available, you will get an answer in 24 hours on your email.
You can contact Funding Trading Plus for further information through telephone number +44 333 090 9800.
You can also check out their Discord channel, where the support team and the community will help if you require any support or face technical issues.
In conclusion, Funding Trading Plus offers accounts from $5,000 up to $200,000 for a one-time fee. You can choose from three different funding program options, where you have to hit specific profit targets to complete. Upon successful completion, you receive a funded account eligible for up to 90% profit splits. With weekly payments and relaxed trading rules, it’s an excellent firm for undercapitalized traders seeking investors for their trading.
With Funding Trading Plus, you can also scale your account up to a balance of $2,500,000 by reaching a specific profit target over a more extended period of consistency of profitable trading.
I would recommend Funding Trading Plus to anyone who has been reaching consistent results. While they are still a relatively new firm, they offer excellent conditions for a big pool of different trading styles for individuals.
This review about Funded Trading Plus was lastly updated on 05.05.2022 at 10:39 (CE(S)T).
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