"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, a rapidly expanding proprietary trading services provider, is undergoing significant growth, thanks to its diverse program offerings. The company takes pride in its transparent trading rules, an attractive profit split of up to 90%, and competitive pricing structures. With an entry-level program starting at a minimum investment of $12,500, traders can access trading volumes of up to $2,500,000. Notably, Funded Trading Plus distinguishes itself by providing trading opportunities across various financial instruments, including Forex, indices, commodities, and an extensive selection of cryptocurrencies.
At Funded Trading Plus, we actively foster the professional growth of traders. The company empowers them to enhance their profit potential by granting access to trading accounts valued at up to $200,000, paving the way for subsequent scaling to accounts worth $2,500,000. Traders can opt for different assessment phases, such as a single assessment phase, two assessment phase challenges, or direct funding. Successful completion of these phases entitles traders to profit splits of up to 90% on their earnings.
Established on November 2, 2021, and officially launched on December 16, 2021, Funded Trading Plus functions as a proprietary trading firm headquartered in London, UK, with a strategic partnership with EightCap, an ASIC-regulated broker based in Melbourne, Australia, facilitating seamless technological integration.
The primary business address is 7 Bell Yard, London, England, WC2A 2JR. Who assumes the role of CEO at Funded Trading Plus?
Simon Massey serves as the Chief Executive Officer (CEO) of Funded Trading Plus, a financial enterprise. Initially embarking on a career in emergency services as a first responder, driven by an adrenaline-fueled nature, Simon reassessed his long-term goals after a decade of service, prompting a sabbatical for contemplation. Inspired by acquaintance Pasha, a successful trader with experience at a prominent Wall Street bank, Simon recognized the diverse opportunities within the financial sector. Motivated to explore independent trading, he resigned from his job after a couple of years to fully dedicate himself to trading. In addition to personal trading pursuits, Simon extended his efforts to assist and mentor others in their trading journeys. This commitment led to the establishment of Trade Room Plus, a platform where he and Michael could share their expertise and guide individuals in initiating their trading pursuits. The concept of Funded Trading Plus emerged from Pasha’s unique advantage—access to substantial capital resources. Through this proprietary trading firm, Simon and his team empower individuals to engage in trading activities with significantly higher capital amounts typically inaccessible to average retail traders.
Funded Trading Plus offers its trader three different programs to choose from:
The Funded Trading Plus program for experienced traders encompasses meeting evaluation criteria without temporal constraints, allowing traders to operate with a leverage ratio of 1:30. Throughout the evaluation phase, traders are required to achieve a 10% profit target while adhering to the 3% maximum daily loss and 6% maximum trailing drawdown rules. It is pertinent to note that there are no specific obligations regarding trading days during the evaluation phase, affording traders the flexibility to trade at their own pace.
Upon successful completion of the evaluation phase, traders receive a funded account devoid of profit targets, with the sole requisites being the maintenance of the 3% maximum daily loss and 6% maximum trailing drawdown rules. Traders can request payouts by generating profits exceeding $50 once a week. It is noteworthy that the initial profit split is set at 80%, with the potential for escalation to 90% upon the trader’s first account scaling.
Additionally, the experienced trader program incorporates a scaling plan detailed in the accompanying spreadsheet. Traders become eligible for scaling up their account by achieving a 10% profit target. Withdrawals are permissible before scaling up, contingent upon maintaining a minimum 10% profit in the account for scaling up to proceed.
Example: $200,000 – initial account balance $216,000 – drawdown now fixed at $200,000 $216,000 – $6,000 = $210,000 – new balance after withdrawal $210,000 + $16,000 = $226,000 – new account balance $226,000 + $200,000 = $426,000 – scaled up account with profit, drawdown now fixed at $400,000 $426,000 – $10,000 = $416,000 – 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 experienced trader program account include forex pairs, commodities, indices, and cryptocurrencies.
Rules for the experienced trader program account:
When considering third-party copy trading risk, it is crucial to recognize that utilizing such a service may involve other traders employing the same strategy, posing a potential risk of denial of a funded account or withdrawal if the maximum capital allocation rule is exceeded. Similarly, third-party EA risk pertains to the use of a third-party Expert Advisor, with the potential risk of denial of a funded account or withdrawal if the maximum capital allocation rule is surpassed.
Funded Trading Plus presents an advanced trader program account designed to identify and reward dedicated, skilled traders based on their consistent performance throughout a comprehensive two-phase evaluation. During this evaluation period, traders are granted leverage of up to 1:30.
In the initial evaluation phase, traders are tasked with achieving a 10% profit target while adhering to a maximum daily loss of 5% and a maximum trailing drawdown of 10%. No specific minimum or maximum trading day requirements exist to progress to the second phase.
The second evaluation phase involves traders reaching a 5% profit target while maintaining the same maximum daily loss and maximum trailing drawdown parameters. Similar to the first phase, no minimum or maximum trading day requirements apply to qualify for a funded account.
Upon successful completion of both evaluation phases, traders are awarded a funded account, free from specific profit targets. The sole requirements are to adhere to 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. Notably, there is an initial 80% profit split, potentially increasing to 90% when the account is first scaled.
The advanced trader program accounts include a scaling plan detailed in the provided spreadsheet. To qualify for scaling up the account, traders need only reach a profit target of 20%. While withdrawals are permitted before scaling up, a minimum 20% profit in the account is mandatory for the scaling process.
Example: $100,000 – starting 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 manage their account by withdrawing profits while also scaling up.
Trading instruments for the advanced trader program account include forex pairs, commodities, indices, and cryptocurrencies.
Advanced Trader Program Account Rules:
Profit Target: A specified percentage of profit that traders must achieve before completing an evaluation phase, withdrawing profits, or expanding their trading account. Phase 1 requires a 10% profit target, while Phase 2 demands a 5% target. Funded accounts are exempt from profit targets.
Maximum Daily Loss: The highest allowable daily loss without violating account terms, set at 5% for all account sizes.
Maximum Trailing Drawdown: The largest decline in an account’s balance, measured as a percentage of the highest balance. Set at 10% regardless of account size.
Stop-loss Required: Traders must set a stop-loss order for every trade before initiating the position.
No Weekend Holding Policy: Prohibits traders from maintaining open positions over the weekends.
Third-Party Copy Trading Risk: Warns of potential hazards associated with using copy trading services from external providers, highlighting the risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.
Third-Party EA Risk: Emphasizes potential risks involved in using third-party Expert Advisors (EAs) for trading, including the risk of being denied a funded account or withdrawal if the maximum capital allocation rule is surpassed.
Funded Trading Plus presents the Master Trader Program Account, offering traders an immediate entry into profit generation without undergoing a preliminary evaluation. Participants in this program are entitled to profit splits ranging from 70% to 90%, determined by the profits generated through trading with a leverage ratio of 1:30.
Moreover, the Master Trader Program Accounts incorporate a scaling plan, as illustrated in the provided spreadsheet. To qualify for scaling up, traders need to achieve a profit target of 10%. While withdrawals are permissible before scaling up, it is essential to maintain a minimum profit of 10% in the account to proceed with the scaling process.
Example:
This example demonstrates how a trader may choose to manage their account by withdrawing profits while also having the flexibility to scale up. Trading instruments for the Master Trader Program Account include forex pairs, commodities, indices, and cryptocurrencies.
Master Trader Program Account Rules:
Maximum Trailing Drawdown: The largest decline in account value, measured from the highest balance to the lowest point during the decline, is capped at 5% for all account sizes.
No Weekend Holding Policy: Traders are prohibited from maintaining open positions over the weekends.
Third-Party Copy Trading Risk: When considering copy trading services, it’s crucial to acknowledge the potential risk of denial of access to a funded account or withdrawal if the maximum capital allocation rule is exceeded, as others may already be using identical trading strategies.
Third-Party EA Risk: Contemplating the use of an EA (Expert Advisor) requires recognition of the potential risk of denial of access to a funded account or withdrawal if the maximum capital allocation rule is surpassed, as other traders may already be employing the same trading strategy through a third-party EA.
Funded Trading Plus distinguishes itself from leading proprietary trading firms through its three unique funding programs: Experienced, Advanced, and Master. These programs offer flexibility in trading styles, permitting activities such as trading during news releases, holding overnight positions, and executing trades over weekends (excluding the Advanced and Master programs).
In contrast to other proprietary trading firms, Funded Trading Plus’s Experienced Trader Program functions as an evaluation program with a single phase for eligibility. It sets a 10% profit target, a maximum daily loss limit of 3%, and a maximum trailing drawdown cap of 6%. Importantly, there are no specific minimum or maximum trading day requirements, allowing traders to progress at their own pace.
Conversely, the Advanced Trader Program follows a two-phase evaluation structure, requiring completion of both phases for payout eligibility. Phase one necessitates a 10% profit target, while phase two requires a 5% profit target. The program imposes a maximum daily loss limit of 5% and a maximum trailing drawdown cap of 10%, with no specific trading day obligations.
Funded Trading Plus’s Master Trader Programs, distinct from other firms, serve as direct funding initiatives with no maximum daily loss limitations and a 5% maximum trailing drawdown requirement. Traders are not bound by minimum or maximum trading day obligations. Standout features include the absence of profit targets for weekly payouts and profit splits ranging from 70% to 90%, contingent on achieving a minimum profit threshold of $50.
In summary, Funded Trading Plus sets itself apart by offering three diverse funding programs and establishing transparent rules for traders, allowing for flexibility in trading styles across various scenarios, excluding the Advanced and Master programs.
When assessing proprietary trading firms compatible with your forex trading approach, it is imperative to scrutinize the achievability of their trading prerequisites. Although the prospect of a company offering a substantial profit split on a well-funded account may appear enticing initially, careful consideration must be given to the expectation of attaining high percentage gains per month while maintaining a low percentage of maximum drawdowns. Such conditions significantly reduce the likelihood of success in this context.
The feasibility of obtaining capital through the Experienced Trader Program is primarily contingent on reasonable profit targets (averaging 10%) and the enforcement of maximum loss regulations (3% maximum daily and 6% maximum trailing drawdown). Similarly, the viability of securing capital through the Advanced Trader Program hinges on realistic profit targets (10% in phase one and 5% in phase two) and the application of maximum loss rules (5% maximum daily loss and 10% maximum trailing drawdown).
Acquiring capital through the Master Trader Programs is also a viable option, as these are direct funding programs that enable immediate earnings. There are no profit targets to meet, and the flexibility to request withdrawals weekly is provided.
Considering all these factors, Funded Trading Plus emerges as an excellent choice for securing funding. Their three distinct funding programs establish realistic trading objectives and conditions for receiving payouts.
Payment Verification: Funded Trading Plus, incorporated on November 2, 2021, and officially launched on December 16, 2021, is a proprietary trading firm. Most payment proof can be found on their Discord channel, specifically under the section labeled “payouts.” Additionally, their YouTube channel features interviews with successful traders, serving as another source of payment verification.
Funded Trading Plus has seamlessly integrated its technological infrastructure with Eightcap, an ASIC-regulated broker based in Melbourne, Australia, established in 2009 with a commitment to delivering exceptional financial services. Operating across five global offices with regulatory compliance in multiple jurisdictions, Eightcap provides clients worldwide with opportunities to trade in diverse markets, including FX, indices, commodities, and shares.
With an overall Trust Score of 73 out of 99, Eightcap is deemed average-risk and offers a comprehensive range of features, including Forex Trading, CFD Trading, Cryptocurrency Trading, and Social Trading/Copy-Trading. Their platform supports a total of 326 tradable symbols, including 45 Forex pairs. Eightcap presents two distinct account types, Raw and Standard, with varying commission and fee structures. Standard accounts incorporate fees within the spread, while Raw accounts involve separate commissions. It is crucial to note the presence of overnight fees, representing the interest charged 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 form the basis for a personalized trading experience, supported by a robust technological foundation. Acknowledging their achievements, Eightcap received the prestigious Best Global Forex MT4 Broker 2020 award at the Global Forex Awards.
In summary, Eightcap collaborates with Funded Trading Plus to offer professional traders integrated technology while adhering to regulatory standards as an ASIC-regulated broker. Their diverse market offerings and account types come with fee structures dependent on the chosen account. Clients can access acclaimed MetaTrader 4 and MetaTrader 5 platforms known for their user-friendly features and functionality.
Trading Instruments: Funded Trading Plus provides a wide array of trading instruments, allowing you to trade forex pairs, commodities, indices, and cryptocurrencies.
Funded Trading Plus, an extension of Trade Room Plus established in 2013, stands as the foremost UK live trade room catering to retail traders. While not featured on ForexFactory, it has garnered recognition in the ‘PROP FIRM HUB’ thread by Mastermind.
The platform boasts a meticulously designed dashboard, accessible to all clients, facilitating effective risk management aligned with statistical objectives. A comprehensive FAQ page is available to address common queries, and direct support through social media (info@fundedtradingplus.com) or live chat ensures timely assistance.
For further inquiries, reach out to Funding Trading Plus at +44 333 090 9800. The dedicated Discord channel serves as a collaborative platform for support and community engagement, offering assistance and troubleshooting for any encountered technical difficulties.
Funded Trading Plus garners commendable reviews within its community.
Trustpilot features a diverse and expansive user base, actively participating in offering overwhelmingly positive feedback, exemplified by an impressive 4.9 out of 5 rating based on 1,262 reviews. Moreover, Trustpilot is recognized for its efficient and reliable support team, readily accessible to provide comprehensive information and resolve any customer uncertainties. The platform also receives widespread acclaim for its meticulously crafted dashboard, highly esteemed by a significant segment of its user demographic.
Funded Trading Plus can also be found on social media.
They have a:
They also have a Discord channel with 8,647 members.
In essence, Funding Trading Plus stands out as a distinguished proprietary trading firm that affords traders the option to choose from three distinct funding programs: Experienced, Advanced, and Master.
The Experienced Trader Program entails a meticulous evaluation process where participants must successfully navigate a phase to qualify for payouts. This involves achieving a profit target of 10%, while adhering to maximum daily loss and maximum trailing drawdown rules of 3% and 6%, respectively. Participation in the Experienced Trader Program opens the door for traders to earn profit splits of up to 90%, providing them with the opportunity to expand their trading accounts.
The Advanced Trader Program follows a two-phase evaluation challenge, a standard in the industry. Traders must successfully complete both phases to secure funding and become eligible for profit splits. Phase one necessitates achieving a profit target of 10%, while phase two entails reaching a profit target of 5%. These targets align with realistic trading objectives, considering the maximum daily loss and maximum trailing drawdown rules of 5% and 10% that must be observed. Participation in the Advanced Trader Program enables traders to earn profit splits of up to 90%, empowering them to scale their trading accounts.
The Master Trader Program serves as a direct funding avenue, allowing traders to bypass the evaluation period and immediately commence trading a funded account, earning weekly profit splits. This program imposes no time limitations, lot size restrictions, or consistency rules. Traders engaging in the Master Trader Program can earn profit splits ranging from 70% to 90%, providing them with the flexibility to scale their trading accounts.
I wholeheartedly endorse Funding Trading Plus to individuals seeking a prop firm with clear and transparent trading rules. As a relatively new entrant in the proprietary trading landscape, they offer favorable conditions through their three funding programs, accommodating a diverse range of individuals with unique trading styles. Given the comprehensive offerings provided by Funding Trading Plus, they undeniably rank among the industry’s leading proprietary trading firms.
