Funded Trading Plus Review

Funded Trading Plus Review 2024

Funded Trading Plus is designed from the ground up to be better than all the existing Funded Trading firms currently in the market. There are three different ways to get funded with Funded Trading Plus, and multiple additional perks for a very competitive, refundable price. You start getting paid just 3 days after starting evaluation. This review covers the pros and cons of trading with Funded Trading Plus and explains how they are unique to the funded trader industry.

Funded Trading Plus is a proprietary trading firm based out of London, UK, they allow their clients to work with an account with up to $200,000 capital, scaled up to $2,500,000. Funded Trading Plus has integrated its technology with the brokerage company EightCap. To maximize potential earnings, Funded Trading Plus lets their traders start with accounts of up to $200,000 before allowing them to scale up to $2,500,000. Traders have the option of either a single evaluation phase, two evaluation phases, or immediate funding. They will be paid up to 90% of the profit splits on their earnings once they have successfully completed the evaluation.

Accounts funded by Funded Trading Plus start at $12,500 and reach as high as $200,000, with a 90% profit share going to the trader. Funded Trading Plus gives its traders the option to pick between three distinct trading programs, which are as follows:

The Funded Trading Plus experienced trader program account is an evaluation program that consists of a single phase and has no time restrictions. You are eligible for a profit share of 80%, which may go as high as 90%, and you have a profit goal of 10%.

The Funded Trading Plus advanced trader program account is a two-phased assessment program that does not impose any time restrictions. You are eligible for a profit share of 80%, which may go as high as 90%, and you have a profit goal of 10% for phase 1 and 5% for phase 2.

The Funded Trading Plus master trader program account is one that does not require an evaluation. What this implies is that you will receive funding immediately. You will receive a profit share of 70%, which may go as high as 90%, and there is no predetermined profit goal. The relative drawdown at 5% is all you need to keep an eye on.

All traders that pass an evaluation with Funded Trading Plus or are on their Master Trader Program are automatically placed on a real server rather than a demo server with EightCap. To limit their exposure to risk, risk management systems may choose to hedge some or all of their trade. At times, they may also choose to hedge their holdings by placing evaluation traders on a live server.

Funded Trading Plus requires only an initial cost and has no ongoing service or service charges. With prices ranging from $119 to $999, the Experienced Trader plan is the most affordable choice. The most expensive option is the no-evaluation, instant-funding account, which may cost you anywhere from $225 to $4,500 depending on the capital.

Experienced Trader 

Capital – Fee:

$12,500 – $119

$25,000 – $199

$50,000 – $349

$100,000 – $499

$200,000 – $999

Advanced Trader

Capital – Fee:

$25,000 – $199

$50,000 – $349

$100,000 – $499

$200,000 – $999

Master Trader

Capital – Fee:

$5,000 – $225

$10,000 – $450

$25,000 – $1,125

$50,000 – $2,250

$100,000 – $4,500

Several trading instruments are available for trading with Funded Trading Plus. Traders are permitted to trade in forex pairings, commodities, indices, and cryptocurrencies.

There is no hard cap on the number of accounts you may have, however the maximum AUM (accounts under management) for the Experienced and Advanced Trader Programs is $400,000, and the maximum funding for all accounts is $2,500,000. You can’t execute identical trades in other accounts. The Experienced Trader Program allows for $200,000 per strategy, while the Advanced Trader Program and Master Trader Program each allow for $100,000 per strategy. Keep in mind the per-strategy restriction when copying your own trades to a Funded Trading Plus program.

Funded Trading Plus allows traders in this account unlimited time to complete the assessment phase. They are also allowed to use any strategies including Expert Advisors (Providing they do not utilize arbitraging methods). You are free to carry on trades throughout the night and throughout the weekend. Just be sure to not breach their daily and overall drawdown.

Evaluation Type:

Single Phase

Relative Drawdown:

6%

Daily Drawdown

3%

Profit Target:

10%

The maximum drawdown available to traders in the advanced trader program is higher than in the experienced trader program. The same easy-to-follow rules as the Experienced Trader Program apply to traders in this program. Once you pass the second round of the Assessment, you’ll be given access to a real, funded trading account. 

Do not hold trades on the weekends; this is a soft limit that you do not want to breach. In other words, trading will end for the day on Friday at 4:30 p.m. EST (unless otherwise specified).

Also, a Stop Loss order is required before entering any trade. Otherwise, the deal will be closed without your involvement.

Evaluation Type:

2 Phases

Relative Drawdown:

10%

Daily Drawdown

5%

Profit Target Phase 1 | 2:

10% | 5%

The Master Trader Program has slightly different rules compared to the evaluation accounts. Although they do not have a profit target, the most important thing for this account is that do not breach their total drawdown limit of 5%. This would be considered a hard rule and will get your account cancelled. The soft rule is to not hold trades over the weekend.

Traders should also be aware that the account’s circuit breaker will activate at the 20% profit level. Because of this, they can bring the percentage of the earnings that may be withdrawn automatically up from 70% to 80%.

Funded Trading Plus does, in fact, provide its traders with as much leeway as is reasonably possible. They permit overnight trading and holding and accept all strategies, including those implemented by Expert Advisors (Providing they do not utilize arbitraging methods). 

Evaluation Type:

No Evaluation

Relative Drawdown:

5% of starting balance

Profit Target:

None

The evaluation challenge has no minimum or maximum time restriction. It’s up to you how much time you want to spend on this. However, inactivity in trading for more than a month is an issue for them because of the costs associated with keeping track of all open accounts.

To prevent your trading account from being closed, please make sure that you trade at least once per 30 days.

You are free to choose whichever trading strategy suits your needs and preferences. Robots, Algos, and EAs may all be used to make trades. When deciding on a strategy or EA, it is crucial that you keep the rules and constraints in mind.

Other than the instant funding account, Funded Trading Plus also has a 1 phase and also a 2-phase evaluation phase to get through before you may trade with real money in Funded Trading’s funded accounts:

Evaluation Type:

Single Phase

Profit Split:

80/20 (up to 90/10)

Min. Trading Days:

None

Maximum Leverage:

Up to 1:30

Relative Drawdown:

6%

Daily Drawdown

3%

Profit Target:

10%

Evaluation Type:

2 Phases

Profit Split:

80/20 (up to 90/10)

Min. Trading Days:

None

Maximum Leverage:

Up to 1:30

Relative Drawdown:

10%

Daily Drawdown

5%

Profit Target Phase 1 | 2:

10% | 5%

  • Has instant funding account
  • Live account
  • $2.5m scaling
  • No time limit for evaluation
  • News trading, overnight and Weekend holding allowed
  • EAs allowed
  • Fast customer service
  • Expensive no evaluation program
  • Master Trader drawdown at 5%
  • Experienced Trader daily drawdown only 3%

In conclusion, Funded Trading Plus is a legitimate proprietary trading firm that offers traders a chance to choose between three different funding programs: Experienced, Advanced, and Master.

The experienced trader program is an evaluation program where you are required to complete one phase before being eligible for payouts. You are required to hit a profit target of 10% without surpassing the 3% maximum daily loss and 6% maximum trailing drawdown rules. With experienced trader programs, you can earn up to 90% profit splits while also being able to scale your accounts.

Advanced trader programs are an industry-standard two-phase evaluation challenge that requires the completion of two phases before becoming funded and being eligible to earn profit splits. Funded Trading Plus requires traders to reach profit targets of 10% in phase one and 5% in phase two before becoming funded which are realistic trading objectives considering you have a 5% maximum daily loss and 10% maximum trailing drawdown rules to follow. With advanced trader programs, you can earn up to 90% profit splits while also being able to scale your accounts.

Master trader programs are direct funding programs that allow you to skip the evaluation period and jump directly into trading a funded account and earning weekly profit splits. There are also no time limitations, lot size restrictions, or consistency rules to follow. With master trader programs, you can earn 70% up to 90% profit splits while also being able to scale your accounts.

Trader evaluations for all, especially those who like minimum rules and fastest speed to being funded and getting paid. Traders who require more time will be able to take as long as they need to get evaluated for funding. Traders looking to forego evaluation and get straight to live funded environment can join the Instant Funding programs.

We have had a good experience from account creation to customer service to getting paid out. After going through online reviews and checking Funded Trading Plus social media accounts, we can be certain that at the time of this writing, Funded Trading Plus prop firm has been doing a good job in the industry with minimal negative feedback even from disgruntled traders. That alone says a lot.

Please refer to the following pages of our website to read about similar other Prop Firms leading the industry such as: Earn2Trade Review

Funded Trading Plus always maintains liquid fiat capital reserves far in excess of the requirements needed to cover the scenario where every customer participating in a paid program goes on to request access to simulated-profits via real-world withdrawals. 

The extent of these reserves ensures that customers can then successfully withdraw these simulated profits in real-world currencies within our published timeframes. 

We have done this as a cornerstone of our business since inception, and have maintained, and will continue to maintain this approach throughout our operations. 

A swap-free trading account is a trading account where swaps (overnight commissions) are not charged. As these charges are considered as lending by some, brokers do sometimes remove the swaps and instead charge an admin fee instead. The end result for the broker is the same and for the trader, it’s usually more expensive.

In our simulated-live environment whilst these features are applied to provide the most realistic experience, the participant in the program is not receiving any lending outside of the simulated-live environment.

If in doubt, please seek further advice. 

No, this is the first test of your simulated trading strategies to determine whether you are eligible to proceed to the ‘FT+ Trader’ phase. Upon passing the evaluation you will receive your ‘FT+ Trader’ account where you will be eligible to withdraw real funds from day one.

Our platform allows both long and short positions on the same market at the same time. You cannot take the opposite positions on more than one account (this is the case during your Evaluation, or as an ‘FT+ Trader’.) Doing this is considered cheating, and the account will be closed with no refund. An example of opposite positions would be participating in simulated trading of GOLD long, on one account, and then GOLD short on another account. This is also known as ‘grid trading’.

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