Comparison between True Forex Funds & Funded Trading Plus

In this article, we will go through what True Forex Funds and Funded Trading Plus have to offer. We will compare the firms in general and what they offer to forex traders.

Video comparison

1. Company incorporation

	True Forex Funds	Funded Trading Plus
Incorporation date	October 2021💚	November 2021

True Forex Funds and Funded Trading Plus are legitimate proprietary trading firms. True Forex Funds was incorporated in July 2020 and has become one of the most successful firms in the industry. Funded Trading Plus, on the other hand, is a relatively new proprietary trading firm incorporated in November 2021. However, despite the short period they are operating, they have made an excellent reputation for themselves and are attracting attention from forex traders worldwide.

2. Funding program options

Funding program options	True Forex Funds	Funded Trading Plus
One-phase evaluation	❌	✅
Two-phase evaluation	✅	✅
Direct funding	❌	✅

True Forex Funds and Funded Trading Plus have the following funding program options that their community can choose from. True Forex Funds has a two-phase evaluation, while Funded Trading Plus has a one-phase evaluation, two-phase evaluation, and direct funding.

Let’s look at the comparison between their two-phase evaluation programs since both proprietary trading firms are offering them.

Two-phase funding program comparison:

Rule/Guideline	True Forex Funds	Funded Trading Plus
Phase 1 profit target	8%💚	10%
Phase 2 profit target	5%	5%
Daily drawdown	5%	5%
Overall drawdown	10%	10%
Leverage	100:1💚	30:1
Minimum trading days	5 calendar days	No minimum trading days💚
Phase 1 trading period	30 calendar days	No limit💚
Phase 2 trading period	60 calendar days	No limit💚
Profit split	80%	80% up to 90%💚

Now that we have gone through their rules and guidelines for their two-phase evaluation challenges we are going to go through pricing for different account sizes.

Account size	True Forex Funds	Funded Trading Plus
$10,000	€89	❌
$25,000	€189	$199💚
$50,000	€299💚	$349
$100,000	€499	$499💚
$200,000	€998	❌

3. Broker and trading platform

Now that we have gone through all of the funding programs that they are offering. Let’s compare which brokers and trading platforms you can use with each prop trading firm.

	True Forex Funds	Funded Trading Plus
Broker	Tier-1 Liquidity Provider with Direct Market Access	Eightcap
Trading platform	MetaTrader 4, MetaTrader 5	MetaTrader 4, MetaTrader 5

4. Trading instruments

Another important factor are trading instruments. Let’s see which trading instruments you can trade with True Forex Funds and which with Funded Trading Plus.

Trading instrument	True Forex Funds	Funded Trading Plus
Forex pairs	✅	✅
Commodities	✅	✅
Indices	✅	✅
Crypto	✅	✅
Bonds	✅	❌
Futures	✅	❌

5. Traders’ comments

The last thing we will go through is the feedback from True Forex Funds and Funded Trading Plus prop firms. The reviews we will be looking at are from Trustpilot.

Trustpilot statistics	True Forex Funds	Funded Trading Plus
Rating	4.6/5	4.9/5💚
Number of reviews	226	375💚

True Forex Funds has a rating of 4.6/5, while Funded Trading Plus also has 4.9/5. The number of reviews is quite small for both prop firms. True Forex Funds has 226 reviews, while Funded Trading Plus has 375. One of the reasons behind such a small number of reviews is that both firms have been in business for around half a year.

6. Conclusion

In conclusion, True Forex Funds and Funded Trading Plus are two relatively new but excellent proprietary trading firms. They have a similar incorporation date, which can be easily seen from the number of reviews on Trustpilot. Besides that, the other significant difference would be the funding options. True Forex Funds offers only a two-phase evaluation, while Funded Trading Plus has a one-phase evaluation, two-phase evaluation, and direct funding.

Check our discount codes about the presented proprietary trading firms to end the comparison:

True Forex Funds has a 15% cashback option for those who purchase a challenge through our affiliate link

Funded Trading Plus 7% active discount code: FOREXPROPREVIEWS

This comparison was lastly updated on 06.01.2023 at 09:16 (CE(S)T).