In this article, we will be making a general and two-step comparison between True Forex Funds and Funded Trading Plus.
True Forex Funds & Funded Trading Plus Two-step Comparison
In this article, we will be making a general and two-step comparison between True Forex Funds and Funded Trading Plus. We will compare the two mentioned proprietary trading firms in general and what they are offering to forex traders worldwide.
Company Details
| Company Details | True Forex Funds | Funded Trading Plus |
|---|---|---|
| Incorporation Date | October 2021 | November 2021 |
| CEO | Richard Nagy | Simon Massey |
| Office Location | Győr, Hungary | London, UK |
| Maximum Allocation Capital | $400,000 | 2x $200,000 |
True Forex Funds and Funded Trading Plus are both reliable and trustworthy proprietary trading firms. True Forex Funds was incorporated in October 2021, while Funded Trading Plus started operating in November 2021. When it comes to CEOs, Richard Nagy is the CEO of True Forex Funds, while Funded Trading Plus is being run by Simon Massey. True Forex Funds has offices located in Győr, Hungary, while Funded Trading Plus has its headquarters in London, UK. And lastly, when it comes to the maximum allocation capital, traders can manage $400k two-step evaluation accounts with True Forex Funds, while with Funded Trading Plus, traders can obtain funding up to 2x $200k. Note that both proprietary trading firms also have a scaling plan.
Funding Program Options
| Funding Program Options | True Forex Funds | Funded Trading Plus |
|---|---|---|
| One-step Evaluation | ✅ | ✅ |
| Two-step Evaluation | ✅ | ✅ |
| Instant Funding | ❌ | ✅ |
True Forex Funds and Funded Trading Plus both offer multiple funding programs to forex traders worldwide. True Forex Funds offers three two-step evaluations and a one-step evaluation. Funded Trading Plus, on the other hand, offers a one-step evaluation, two two-step evaluations, and an instant funding program.
That being said, let’s take a look at the comparison of the two-step evaluation programs.
Two-step Comparison:
| Trading Rules/Objectives | True Forex Funds (Standard) | True Forex Funds (Quick Funding) | True Forex Funds (Limitless) | Funded Trading Plus (Advanced) | Funded Trading Plus (Premium) |
|---|---|---|---|---|---|
| Phase 1 Profit Target | 8% | 8% | 8% | 10% | 8% |
| Phase 2 Profit Target | 5% | 5% | 5% | 5% | 4% |
| Daily Drawdown | 5% | 5% | 5% | 5% | 4% |
| Overall Drawdown | 10% | 10% | 10% | 10% (Trailing) | 8% (Trailing) |
| Leverage | 1:100 | 1:100 | 1:100 | 1:30 | 1:30 |
| Minimum Trading Days | 5 calendar days | No minimum trading days | 5 calendar days | No minimum trading days | No minimum trading days |
| Trading Period | Step 1: 30 calendar days Step 2: 60 calendar days | Step 1: 30 calendar days Step 2: 60 calendar days | Step 1: Unlimited Step 2: Unlimited | Step 1: Unlimited Step 2: Unlimited | Step 1: Unlimited Step 2: Unlimited |
| Profit Split | 80% | 80% | 80% | 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 | True Forex Funds (Standard) | True Forex Funds (Quick Funding & Limitless) | Funded Trading Plus (Advanced) | Funded Trading Plus (Premium) |
|---|---|---|---|---|
| $10,000 | €89 | €98 | ❌ | ❌ |
| $25,000 | €189 | €208 | $199 | $247 |
| $50,000 | €299 | €329 | $349 | $397 |
| $100,000 | €499 | €549 | $499 | $547 |
| $200,000 | €998 | €1,098 | $999 | $1,097 |
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.
| True Forex Funds | Funded Trading Plus | |
|---|---|---|
| Broker | Tier-1 Liquidity Provider with Best Simulated Real Market Trading Conditions | Eightcap |
| 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 True Forex Funds and Funded Trading Plus.
| Trading Instrument | True Forex Funds | Funded Trading Plus |
|---|---|---|
| Forex Pairs | ✅ | ✅ |
| Commodities | ✅ | ✅ |
| Indices | ✅ | ✅ |
| Stocks | ✅ | ❌ |
| Crypto | ✅ | ✅ |
Community Feedback
The last topic we will go through is community feedback from True Forex Funds and Funded Trading Plus. We will be looking at feedback from Trustpilot regarding both proprietary trading firms.
| Trustpilot Statistics | True Forex Funds | Funded Trading Plus |
|---|---|---|
| Rating | 4.7/5 | 4.9/5 |
| Number of Reviews | 1,787 | 1,633 |
True Forex Funds has a rating of 4.7/5 out of a total of 1,787 reviews, while Funded Trading Plus has a rating of 4.9/5 out of 1,633 reviews. Based on the statistics, we can clearly see that Funded Trading Plus is the more popular proprietary trading firm at the moment.
Conclusion
In conclusion, True Forex Funds and Funded Trading Plus 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 True Forex Funds offers three two-step evaluations and a one-step evaluation. On the other hand, Funded Trading Plus offers a one-step evaluation, two two-step evaluations, and instant funding.
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 14.08.2023 at 12:39 (CE(S)T).
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