In this article, we will be making a general and two-step comparison between Funded Trading Plus and The Funded Trader.
Funded Trading Plus & The Funded Trader Two-step Comparison
In this article, we will be making a general and two-step comparison between Funded Trading Plus and The Funded Trader. 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 | The Funded Trader |
|---|---|---|
| Incorporation Date | November 2021 | May 2021 |
| CEO | Simon Massey | Angelo Ciaramello |
| Office Location | London, UK | Liberty Hill, Texas |
| Maximum Allocation Capital | 2x $200,000 | $600,000 |
Funded Trading Plus and The Funded Trader are both reliable and trustworthy proprietary trading firms. Funded Trading Plus was incorporated in November 2021, while The Funded Trader started operating in May 2021. When it comes to CEOs, Simon Massey is the CEO of Funded Trading Plus, while The Funded Trader is being run by Angelo Ciaramello. Funded Trading Plus has offices located in London, UK, while The Funded Trader has its headquarters in Liberty Hill, Texas. 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 The Funded Trader, traders can obtain funding up to $600k. Note that both proprietary trading firms also have a scaling plan.
Funding Program Options
| Funding Program Options | Funded Trading Plus | The Funded Trader |
|---|---|---|
| One-step Evaluation | ✅ | ✅ |
| Two-step Evaluation | ✅ | ✅ |
| Instant Funding | ✅ | ❌ |
Funded Trading Plus and The Funded Trader 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. The Funded Trader, on the other hand, offers a one-step evaluation and three two-step evaluations.
That being said, let’s take a look at the comparison of the two-step evaluation programs.
Two-step Comparison:
| Trading Rules/Objectives | Funded Trading Plus (Advanced) | Funded Trading Plus (Premium) | The Funded Trader (Standard) | The Funded Trader (Rapid) | The Funded Trader (Royal) |
|---|---|---|---|---|---|
| Phase 1 Profit Target | 10% | 8% | 10% | 8% | 8% |
| Phase 2 Profit Target | 5% | 5% | 5% | 5% | 5% |
| Daily Drawdown | 5% | 4% | 5% (6% with addon) | 5% | 5% |
| Overall Drawdown | 10% (Trailing) | 8% (Trailing) | 10% (12% with addon) | 8% | 10% |
| Leverage | 1:30 | 1:10 | 1:60 or 1:200 | 1:30 or 1:100 | 1:200 |
| Minimum Trading Days | No minimum trading days | No minimum trading days | 3 calendar days | No minimum trading days | 5 calendar days |
| Trading Period | Step 1: Unlimited Step 2: Unlimited | Step 1: Unlimited Step 2: Unlimited | Step 1: Unlimited Step 2: Unlimited | Step 1: 35 calendar days Step 2: 60 calendar days | 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) | The Funded Trader (Standard) | The Funded Trader (Rapid) | The Funded Trader (Royal) |
|---|---|---|---|---|---|
| $5,000 | ❌ | ❌ | $65 | $79 | ❌ |
| $10,000 | ❌ | ❌ | $129 | $129 | ❌ |
| $25,000 | $199 | $247 | $199 | $229 | ❌ |
| $50,000 | $349 | $397 | $299 | $299 | $289 |
| $100,000 | $499 | $547 | $499 | $499 | $489 |
| $200,000 | $999 | $1,097 | $939 | $899 | $939 |
| $300,000 | ❌ | ❌ | $1,409 | ❌ | $1,399 |
| $400,000 | ❌ | ❌ | $1,879 | ❌ | $1,869 |
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 | The Funded Trader | |
|---|---|---|
| Broker | Eightcap | Eightcap, Purple Trading Seychelles, Think Markets |
| Trading platform | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 |
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 The Funded Trader.
| Trading Instrument | Funded Trading Plus | The Funded Trader |
|---|---|---|
| Forex Pairs | ✅ | ✅ |
| Commodities | ✅ | ✅ |
| Indices | ✅ | ✅ |
| Crypto | ✅ | ✅ |
Community Feedback
The last topic we will go through is community feedback from Funded Trading Plus and The Funded Trader. We will be looking at feedback from Trustpilot regarding both proprietary trading firms.
| Trustpilot Statistis | Funded Trading Plus | The Funded Trader |
|---|---|---|
| Rating | 4.9/5 | 4.5/5 |
| Number of Reviews | 1,633 | 10,750 |
Funded Trading Plus has a rating of 4.9/5 out of a total of 1,633 reviews, while The Funded Trader has a rating of 4.5/5 out of 10,750 reviews. Based on the statistics, we can clearly see that The Funded Trader is the more popular proprietary trading firm at the moment.
Conclusion
In conclusion, Funded Trading Plus and The Funded Trader 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, The Funded Trader offers a one-step evaluation and three two-step evaluations.
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
The Funded Trader 10% discount code: forexpropreviews
This comparison was lastly updated on 15.08.2023 at 07:37 (CE(S)T).
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