In this article, we will be making a general and two-step comparison between Funded Trading Plus and FTMO.
Funded Trading Plus & FTMO Two-step Comparison
In this article, we will be making a general and two-step comparison between Funded Trading Plus and FTMO. We will compare the two mentioned proprietary trading firms in general and what they are offering to forex traders worldwide.
Company Details
| Company Details | Funded Trading Plus | FTMO |
|---|---|---|
| Incorporation Date | November 2021 | September 2015 |
| CEO | Simon Massey | Otakar Suffner |
| Office Location | London, UK | Prague, Czech Republic |
| Maximum Allocation Capital | 2x $200,000 | $400,000 |
Funded Trading Plus and FTMO are both reliable and trustworthy proprietary trading firms. Funded Trading Plus was incorporated in November 2021, while FTMO started operating in September 2015. When it comes to CEOs, Simon Massey is the CEO of Funded Trading Plus, while FTMO is being run by Otakar Suffner. Funded Trading Plus has offices located in London, UK, while FTMO has its headquarters in Prague, Czech Republic. And lastly, when it comes to the maximum allocation capital, traders can manage 2x $200k two-step evaluation accounts with Funded Trading Plus, while with FTMO, traders can obtain funding up to $400k. Note that both proprietary trading firms also have a scaling plan.
Funding Program Options
| Funding Program Options | Funded Trading Plus | FTMO |
|---|---|---|
| One-step Evaluation | ✅ | ❌ |
| Two-step Evaluation | ✅ | ✅ |
| Instant Funding | ✅ | ❌ |
Funded Trading Plus and FTMO both offer multiple funding programs to forex traders worldwide. Funded Trading Plus offers a one-step evaluation, two two-step evaluations, and an instant funding program. FTMO, on the other hand, offers a two-step evaluation.
Let’s look at the comparison between the two-phase evaluation since both proprietary trading firms are offering it.
Two-step Comparison:
| Trading Rules/Objectives | Funded Trading Plus (Advanced) | Funded Trading Plus (Premium) | FTMO (Normal) | FTMO (Aggressive) |
|---|---|---|---|---|
| Phase 1 Profit Target | 10% | 8% | 10% | 20% |
| Phase 2 Profit Target | 5% | 5% | 5% | 10% |
| Daily Drawdown | 5% | 4% | 5% | 10% |
| Overall Drawdown | 10% (Trailing) | 8% (Trailing) | 10% | 20% |
| Leverage | 1:30 | 1:30 | 1:30 up to 1:100 | 1:30 up to 1:100 |
| Minimum Trading Days | No minimum trading days | No minimum trading days | 4 calendar days | 4 calendar days |
| Trading Period | Step 1: Unlimited Step 2: Unlimited | Step 1: Unlimited Step 2: Unlimited | Step 1: Unlimited Step 2: Unlimited | Step 1: Unlimited Step 2: Unlimited |
| Profit Split | 80% up to 90% | 80% up to 90% | 80% up to 90% | 80% up to 90% |
Now that we have covered all the rules and guidelines of the two-step evaluation. Let’s take a closer look at prices.
| Account Size | Funded Trading Plus (Advanced) | Funded Trading Plus (Premium) | FTMO (Normal) | FTMO (Aggressive) |
|---|---|---|---|---|
| $10,000 | ❌ | ❌ | €155 | €250 |
| $25,000 | $199 | $247 | €250 | €345 |
| $50,000 | $349 | $397 | €345 | €540 |
| $100,000 | $499 | $547 | €540 | €1,080 |
| $200,000 | $999 | $1,097 | €1,080 | ❌ |
Brokers & Trading Platforms
After covering all the trading objectives, rules, and pricing, let’s take a closer look at brokers and trading platforms that we can use with each proprietary trading firm.
| Funded Trading Plus | FTMO | |
|---|---|---|
| Broker | Eightcap | Tier-1 Liquidity Provider with Best Simulated Real Market Trading Conditions |
| Trading Platform | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5, cTrader |
Trading instruments
Another important factor when comparing proprietary trading firms is trading instruments. Below you can see which trading instruments we can trade with Funded Trading Plus and FTMO.
| Trading Instrument | Funded Trading Plus | FTMO |
|---|---|---|
| Forex Pairs | ✅ | ✅ |
| Commodities | ✅ | ✅ |
| Indices | ✅ | ✅ |
| Stocks | ❌ | ✅ |
| Bonds | ❌ | ✅ |
| Crypto | ✅ | ✅ |
Community Feedback
The last thing we will go through is the feedback from Funded Trading Plus and FTMO prop firms. The reviews we will be looking at are from Trustpilot.
| Trustpilot Statistics | Funded Trading Plus | FTMO |
|---|---|---|
| Rating | 4.9/5 | 4.9/5 |
| Number of Reviews | 1,633 | 5,519 |
Funded Trading Plus has a rating of 4.9/5 out of a total of 1,633 reviews, while FTMO has a rating of 4.9/5 out of 5,519 reviews. Based on the statistics, we can clearly see that FTMO is the more popular proprietary trading firm at the moment.
Conclusion
In conclusion, Funded Trading Plus and FTMO are two excellent proprietary trading firm choices for any trader. We can see some clear differences regarding the trading rules and objectives, prices, and community feedback. In addition, we can also see that there is a difference regarding funding program options since Funded Trading Plus offers the following four: one-step evaluation, two two-step evaluations, and instant funding. On the other hand, FTMO offers a two-step evaluation.
We will be ending the comparison with our special discount codes for each of the two compared proprietary trading firms. You can find both discount codes below!
Funded Trading Plus 10% active discount code: FOREXPROPREVIEWS
This comparison was lastly updated on 15.08.2023 at 07:43 (CE(S)T).
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