REVIEW
Funded Trading Plus
“Funded Trading Plus Review: A Comprehensive Analysis of a Promising Trading Program“
“Funded Trading Plus: Accelerating Growth as a Top Prop Firm Provider with Lucrative Profit Splits, Diverse Programs, and Competitive Pricing!”
Funded Trading Plus, an expanding provider of proprietary trading services, has witnessed notable growth attributed to its diverse program offerings. The company takes pride in its commitment to transparent and comprehensible trading rules, an appealing profit-sharing model with a maximum of 90%, and competitive pricing structures. The entry-level program necessitates a minimum investment of $12,500, affording traders access to trading volumes of up to $2,500,000. Notably, Funded Trading Plus distinguishes itself by offering trading opportunities across a broad spectrum of financial instruments, including Forex, indices, commodities, and an extensive range of cryptocurrencies.
At Funded Trading Plus, traders are not only encouraged but also empowered to advance in their careers. The company enables them to enhance their profit potential by providing the opportunity to trade accounts valued at up to $200,000 before becoming eligible to scale their accounts up to $2,500,000. Traders can choose from various assessment phases, such as a single assessment phase, a two-phase challenge, or direct funding. Upon successfully completing these phases, traders can enjoy profit splits reaching as high as 90% on their earnings.
Who are them?
Established on November 2, 2021, and officially inaugurated on December 16, 2021, Funded Trading Plus functions as a proprietary trading enterprise with its headquarters situated in London, UK. The seamless integration of technology is facilitated through a strategic partnership with EightCap, an ASIC-regulated broker headquartered in Melbourne, Australia. The primary office of Funded Trading Plus is situated at 7 Bell Yard, London, England, WC2A 2JR.
Who assumes the role of Chief Executive Officer at Funded Trading Plus?
Simon Massey holds the position of Chief Executive Officer (CEO) at Funded Trading Plus, a financial institution. In his early professional journey, he commenced his career in emergency services as a first responder, propelled by a passion for adrenaline-inducing experiences. However, after a decade of service, Simon discerned that this trajectory did not align with his long-term aspirations, prompting him to take a hiatus for introspection.
During this sabbatical, Simon drew inspiration from his acquaintance, Pasha, who had previously worked as a trader for a prominent Wall Street bank and achieved success as a retail trader. Engaging with Pasha revealed the numerous opportunities within the financial sector, motivating Simon to delve into independent trading. After a couple of years, he made the decision to resign from his position and fully commit to trading.
Beyond his personal trading pursuits, Simon devoted his time to aiding and mentoring others on their trading journeys. This endeavor led to the establishment of Trade Room Plus, a platform where he and Michael could impart their expertise and guide individuals in initiating their trading endeavors. The concept for Funded Trading Plus originated from Pasha’s considerable advantage over typical retail traders – access to substantial capital resources. By establishing a proprietary trading firm, Simon and his team empower individuals to engage in trading activities with more substantial capital amounts, typically beyond the reach of the average retail trader.
Funding Option
Funded Trading Plus offers its trader three different programs to choose from:
- Experienced trader program
- The advanced trader program
- Master trader program
Experienced trader program
The Funded Trading Plus initiative caters to seasoned traders, affording them the flexibility of unrestricted trading duration and a leverage ratio of 1:30. During the assessment phase, traders are obligated to attain a 10% profit target while adhering to a daily loss cap of 3% and a trailing drawdown ceiling of 6%. It is crucial to emphasize that traders retain the autonomy to trade at their own pace during this evaluative period, unburdened by specific daily trading commitments.
Upon successful completion of the assessment phase, traders gain access to a funded account absent profit targets. The only stipulations are the maintenance of a maximum daily loss of 3% and a trailing drawdown limit of 6%. Traders may request weekly payouts upon achieving profits exceeding $50. Notably, the initial profit share is established at 80%, with the potential to elevate to 90% upon the trader’s inaugural account scaling.
Additionally, the experienced trader program incorporates a scaling plan, comprehensively outlined in the accompanying spreadsheet. Eligibility for scaling requires traders to attain a 10% profit target. While withdrawals are permissible before scaling up, it is imperative to uphold a minimum 10% profit in the account to facilitate the scaling process.
Illustrative Example:
$200,000 – Initial account balance $216,000 – Drawdown, now fixed at $200,000 $216,000 – $6,000 = $210,000 – New balance post-withdrawal $210,000 + $16,000 = $226,000 – New account balance $226,000 + $200,000 = $426,000 – Scaled-up account with profit, drawdown fixed at $400,000 $426,000 – $10,000 = $416,000 – New balance post-withdrawal This exemplification elucidates how a trader might opt to manage their account by withdrawing profits while concurrently scaling up.
The trading instruments available for the experienced trader program encompass forex pairs, commodities, indices, and cryptocurrencies.
Rules for the Experienced Trader Program Account:
Profit Target: A specified percentage of profit that traders must attain before successfully concluding an evaluation phase, withdrawing profits, or expanding their accounts. The profit target during the evaluation phase is set at 10%.
Maximum Daily Loss: The highest allowable loss within a single day before an account is deemed in violation. For all account sizes, the maximum daily loss is restricted to 3%.
Maximum Trailing Drawdown: The greatest decline in the account balance, measured as the difference between the highest balance achieved and the maximum drawdown. For all account sizes, the maximum trailing drawdown is capped at 6%.
Considering the risk associated with third-party copy trading, it is imperative to acknowledge that engaging in such a service may expose traders to others employing identical trading strategies. Consequently, there exists a potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.
Third-party EA risk pertains to the utilization of a third-party Expert Advisor (EA) where other traders may also employ the same trading strategy. Utilizing a third-party EA entails the potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is surpassed.
The advantage of trader program
Funded Trading Plus provides an advanced trader program account tailored to identify committed and proficient traders, with incentives based on their consistent performance during a two-phase evaluation period. Throughout this assessment period, traders may employ leverage up to 1:30.
In the initial evaluation phase, traders are required to attain a 10% profit target while not exceeding a maximum daily loss of 5% or a maximum trailing drawdown of 10%. No specific criteria are set regarding the number of trading days to progress to the second phase.
In the second evaluation phase, traders must achieve a 5% profit target while adhering to the same maximum daily loss and maximum trailing drawdown parameters. Once again, there are no stipulated minimum or maximum trading day requirements for eligibility for a funded account.
Upon successful completion of both evaluation phases, traders gain entry to a funded account with no specific profit targets. The primary requisites are to maintain a maximum daily loss of 5% and a maximum trailing drawdown of 10%. Traders can request a payout by achieving a weekly profit exceeding $50. It is noteworthy that there is an 80% profit split initially, which can be increased to 90% during the account’s initial scaling.
The advanced trader program accounts also feature a scaling plan, outlined in the provided spreadsheet. To qualify for scaling up the account, the sole requirement is to reach a 20% profit target. While withdrawals can be made before scaling up, it is crucial to have a minimum 20% profit in the account to proceed with the scaling process.
Example:
$100,000 – initial account balance $116,000 – drawdown, now fixed at $100,000 $116,000 – $6,000 = $110,000 – new balance after withdrawal $110,000 + $16,000 = $126,000 – new account balance $126,000 + $100,000 = $226,000 – scaled-up account with profit, drawdown now fixed at $200,000 $226,000 – $10,000 = $216,000 – new balance after withdrawal This example illustrates how a trader may choose to manage their account by withdrawing profits along the way while also having the option to scale up.
Trading instruments for the advanced trader program account include forex pairs, commodities, indices, and cryptocurrencies.
The rules for the advanced trader program account are as follows:
A profit target is a specified percentage of profit that traders must achieve before successfully completing an evaluation phase, withdrawing profits, or expanding their trading account. In phase 1, the profit target is set at 10%, while phase 2 requires a profit target of 5%. However, funded accounts are exempt from profit targets.
The maximum daily loss represents the highest allowable amount of loss that traders can incur on a daily basis without violating their account terms. For all account sizes, the maximum daily loss is limited to 5%.
Maximum trailing drawdown indicates the largest decline in an account’s balance from its highest point to the lowest point. This drawdown is measured as a percentage of the account’s highest balance. Regardless of the account size, the maximum trailing drawdown is set at 10%.
A stop-loss is required, mandating that traders must set a stop-loss order for every trade before initiating the position.
The no-weekend holding policy prohibits traders from maintaining open positions over the weekends.
Third-party copy trading risk highlights the potential hazards associated with utilizing copy trading services from external providers. It is important to be aware that such services may already be utilized by other traders employing identical trading strategies. By opting for a third-party copy trading service, there is a risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.
Third-party EA risk emphasizes the potential risks involved in using third-party Expert Advisors (EAs) for trading purposes. Similar to copy trading, other traders may already be using the same trading strategy through the third-party EA. Employing such an EA carries the risk of being denied a funded account or withdrawal if the maximum capital allocation rule is surpassed.
Master trader program
Funded Trading Plus provides the master trader program account, allowing traders to initiate immediate profit accumulation without undergoing an evaluation process. In this program, traders can receive profit splits ranging from 70% to 90%, depending on the profits generated through trading with a leverage ratio of 1:30. Additionally, the master trader program accounts incorporate a scaling strategy, detailed in the provided spreadsheet. To qualify for increasing the account size, achieving a 10% profit target is the sole requirement. While withdrawals are permitted before scaling up, maintaining a minimum profit of 10% in the account is crucial to proceed with the scaling process.
Example:
$100,000 – initial account balance $108,000 – drawdown fixed at $100,000 $108,000 – $3,000 = $105,000 – new balance after withdrawal $105,000 + $8,000 = $113,000 – new account balance $113,000 + $100,000 = $213,000 – scaled-up account with profit, drawdown fixed at $200,000 $213,000 – $5,000 = $208,000 – new balance after withdrawal This example illustrates how a trader may strategically manage their account by withdrawing profits along the way while also having the option to scale up.
The trading instruments for the master trader program account include forex pairs, commodities, indices, and cryptocurrencies.
Master trader program account regulations:
The maximum trailing drawdown refers to the most significant decline in value experienced by an account, measured by the difference between the highest balance achieved and the lowest point during that decline. For all account sizes, the maximum trailing drawdown is capped at 5%.
The no weekend holding policy prohibits traders from maintaining open positions over the weekends.
Third-party copy trading risk indicates that considering the use of copy trading services involves acknowledging that such services may already be utilized by other traders employing identical trading strategies. Opting for a third-party copy trading service carries the potential risk of being denied access to a funded account or withdrawal if the maximum capital allocation rule is exceeded.
Third-party EA risk suggests that when contemplating the use of an EA (Expert Advisor), it is crucial to recognize that other traders might already be employing the same trading strategy through a third-party EA. Utilizing a third-party EA carries the potential risk of being denied access to a funded account or withdrawal if the maximum capital allocation rule is surpassed.
What's makes it different from other prop firm?
Funded Trading Plus sets itself apart from leading proprietary trading firms through its three unique funding programs: Experienced, Advanced, and Master. Notably, it imposes minimal restrictions on trading styles, enabling activities such as trading during news releases, holding overnight positions, and even trading on weekends (with exceptions for the Advanced and Master programs).
Compared to other proprietary trading firms, Funded Trading Plus’s Experienced Trader Program functions as an evaluative process, requiring the completion of a single phase for eligibility to receive payouts. The program establishes a profit target of 10%, with maximum daily loss and trailing drawdown caps set at 3% and 6%, respectively. Unlike many industry leaders, Funded Trading Plus imposes no specific minimum or maximum trading day requirements for accounts in the Experienced Trader Program, allowing traders to progress at their own pace.
Conversely, Funded Trading Plus’s Advanced Trader Program follows a two-phase evaluation structure, demanding successful completion of both phases for traders to qualify for payouts. Phase one involves achieving a 10% profit target, and phase two requires a 5% profit target. This program also sets a maximum daily loss limit of 5% and a maximum trailing drawdown cap of 10%. Similar to the Experienced Trader Program, there are no prescribed minimum or maximum trading day requirements, enabling traders to advance at their own pace.
In contrast to other proprietary trading firms, Funded Trading Plus stands out by offering master trader programs that serve as direct funding initiatives. These programs do not impose a maximum daily loss limit but require a 5% maximum trailing drawdown. Additionally, traders are not bound by specific minimum or maximum trading day obligations. Notably, Funded Trading Plus eliminates the need for profit targets to qualify for weekly payouts and offers profit splits ranging from 70% to 90%. The only prerequisite is achieving a minimum profit threshold of $50.
In summary, Funded Trading Plus distinguishes itself from other prominent firms in the industry by offering three distinct funding programs and establishing clear, trader-friendly rules that allow for flexible trading styles, including during news events, overnight positions, and weekends (excluding the Advanced and Master programs).
Is getting capital real?
When evaluating proprietary trading firms aligned with your forex trading style, it is imperative to assess the attainability of their trading requirements. While the allure of a company offering a substantial profit share on a well-funded account may be tempting initially, it is crucial to weigh the feasibility of achieving high monthly gains while maintaining low maximum drawdown percentages. These conditions significantly diminish the likelihood of success in such a scenario.
The prospect of acquiring capital through the experienced trader program primarily depends on realistic profit targets, averaging around 10%, and the enforcement of maximum loss regulations, including a maximum daily loss of 3% and a maximum trailing drawdown of 6%.
Similarly, the viability of securing capital through the advanced trader program is predominantly contingent on realistic profit targets (10% in phase one and 5% in phase two) and adherence to maximum loss rules (with a maximum daily loss of 5% and a maximum trailing drawdown of 10%).
Opting for the master trader programs is also a feasible choice, functioning as direct funding programs that enable immediate earnings without specific profit targets, providing the flexibility to request withdrawals weekly.
Taking all these factors into account, Funded Trading Plus emerges as an excellent option for securing funding. Their three distinct funding programs present achievable trading goals and establish conditions for receiving payouts.
Payment verification for Funded Trading Plus can be found in various places. The firm, officially incorporated on November 2, 2021, and launched on December 16, 2021, shares proof of payments on their Discord platform, specifically in the “payouts” channel. Additionally, their YouTube channel features interviews with successful traders who have received payouts, serving as a reliable source of payment verification.
which broker they use?
Funded Trading Plus has successfully integrated its technology with Eightcap, a Melbourne-based broker regulated by ASIC. Established in 2009, Eightcap is committed to delivering high-quality financial services, boasting a global presence across five offices and regulatory compliance in multiple jurisdictions. This enables them to offer clients worldwide the opportunity to engage in trading across diverse markets, encompassing FX, indices, commodities, and shares.
With an overall Trust Score of 73 out of 99, Eightcap is considered to have a moderate risk level. The broker provides a comprehensive range of features, including Forex Trading, CFD Trading, Cryptocurrency Trading, Social Trading/Copy-Trading, 326 Tradable Symbols, and 45 Forex Pairs.
Eightcap distinguishes itself by offering two types of trading accounts: Raw and Standard. The choice between these accounts dictates applicable commissions and fees. Standard accounts incorporate fees within the spread, while Raw accounts involve separate commissions. Notably, there are overnight fees, representing interest charges for holding positions overnight.
As an exclusive MetaTrader broker, Eightcap provides access to both MetaTrader 4 and MetaTrader 5 platforms developed by MetaQuotes Software Corporation. These platforms serve as the basis for a personalized trading experience, supported by a robust technological infrastructure. Recognizing their accomplishments, Eightcap was honored as the Best Global Forex MT4 Broker in 2020 at the Global Forex Awards.
In summary, the collaboration between Eightcap and Funded Trading Plus ensures professional traders access integrated technology while complying with ASIC regulatory standards. Eightcap’s offerings span diverse markets and account types, with fees contingent on the selected account. Clients can leverage the user-friendly features of MetaTrader 4 and MetaTrader 5 platforms.
Trading Instruments: Funded Trading Plus presents a broad spectrum of trading instruments, encompassing forex pairs, commodities, indices, and cryptocurrencies, facilitating diverse trading opportunities.
Education and support fro traders
Funded Trading Plus, a subsidiary of Trade Room Plus established in 2013, is recognized as the foremost live trade room for individual traders in the United Kingdom. Despite not being featured in ForexFactory’s discussions, they have gained substantial acclaim in the ‘PROP FIRM HUB’ thread initiated by the user Mastermind.
Moreover, they provide clients with a meticulously organized dashboard to facilitate efficient risk management in the pursuit of their statistical goals. Funding Trading Plus also offers an extensive FAQ section to address client inquiries and provide supplementary information.
For immediate assistance, the support team can be contacted through their social media channels or via email at info@fundedtradingplus.com. Their dedicated live chat support is actively available to receive and respond to messages. In the event that an agent is not immediately accessible, a response will be sent to the provided email address within 24 hours.
To acquire additional information, please reach out to Funding Trading Plus directly by calling their telephone number: +44 333 090 9800.
Furthermore, the Funding Trading Plus Discord channel serves as a platform where the support team and community members offer assistance and address any technical challenges encountered.
Trader's comment about it
Funded Trading Plus has garnered highly favorable responses from its user community.
Trustpilot boasts a diverse and extensive user base that actively engages, culminating in a commendable rating of 4.9 out of 5 based on 1,262 reviews. Furthermore, Trustpilot is well-regarded for its responsive and dependable customer support team, consistently prepared to furnish comprehensive information and address any customer inquiries. Additionally, the platform receives acclaim for its meticulously designed dashboard, a feature that resonates significantly within its user community.
Social media stats
Funded Trading Plus can also be found on social media.
They have a:
- Facebook page with 12k followers,
- Twitter account with 380 followers, and
- Youtube channel with 3,31k subscribers and 30 uploaded videos.
They also have a Discord channel with 8,647 members.
has a Discord channel with 46,110 members and a Telegram channel with 3,830 members for their community to interact with each other.
Conclusion
In brief, Funding Trading Plus is a reputable proprietary trading firm offering traders a choice among three distinct funding programs: the Experienced Trader, Advanced Trader, and Master Trader programs.
The Experienced Trader Program involves a structured evaluation process where participants must successfully complete a specific phase to qualify for payouts. This requires achieving a 10% profit target while adhering to maximum daily loss and maximum trailing drawdown rules of 3% and 6%, respectively. Participation in this program allows traders to potentially earn profit splits of up to 90% and offers the opportunity to expand their trading accounts.
Conversely, the Advanced Trader Program follows a two-phase evaluation challenge, aligning with industry standards. Traders must successfully complete both phases to secure funding and become eligible for profit splits. Phase one mandates achieving a 10% profit target, while phase two involves reaching a 5% profit target. These targets align with practical trading objectives, given the requirement to adhere to maximum daily loss and maximum trailing drawdown rules of 5% and 10%. Engaging in the Advanced Trader Program provides traders with the chance to earn profit splits of up to 90% and the potential to grow their trading accounts.
The Master Trader Program represents a direct funding path, allowing traders to bypass the evaluation period and immediately commence trading a funded account, thereby earning weekly profit splits. This program stands out by not imposing time limitations, lot size restrictions, or consistency rules. Participation in the Master Trader Program can result in profit splits ranging from 70% to 90% and offers traders the potential to scale their trading accounts.
I unequivocally recommend Funded Trading Plus for individuals seeking a proprietary firm with transparent and well-defined trading rules. As a relatively new player in the proprietary trading industry, they provide advantageous conditions through their three funding programs, catering to a diverse range of individuals with varying trading styles. Considering the comprehensive suite of offerings provided by Funded Trading Plus, they undeniably rank among the leading proprietary firms in the industry.