| Year Established | 2021 |
|---|---|
| Headquarters | London, UK |
| CEO | Simon Massey |
| Mission | To provide traders with the tools, resources, and capital needed to excel in the competitive trading environment. |
| Funding Models/Programs | Experienced Trader Program, Advanced Trader Program, Premium Trader Program, Master Trader Program |
| Account Sizes | $25,000 to $500,000 |
| Profit Splits | 80/20 up to 100/0 |
| Leverage | Up to 500:1 |
| Trading Instruments | Forex, Indices, Commodities, Cryptocurrencies |
| Trading Fees | Competitive spreads, commissions vary by platform, swaps |
| Payout Frequency | As soon as the account balance is $50 above the starting balance, typically processed within 48 hours |
| Payment Methods | Cryptocurrency, Bank Transfers, Skrill |
| Restricted Countries | Due to the international sanctions regimes currently in place we are unable to do business with traders from the following countries:
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| Support Channels | Email, Phone, Live Chat, Discord, FAQ |
| Educational Resources | Webinars, Articles, Mentorship Programs |
| Trading Platforms | DXtrade, Match-Trader, cTrader |
| Account Currencies | USD |
| Brokers | ThinkMarkets |
| Rules | Mandatory stop-loss, daily and total drawdown limits, no monthly fees, profit target requirements vary by program |
| Deposit and Withdrawal Methods | Cryptocurrency, Bank Transfers, Skrill |
| Pros | High profit splits, flexible trading rules, no monthly fees, comprehensive support and educational resources, diverse trading instruments |
| Cons | Specific trading restrictions, high entry fees for some programs, drawdown reduction with withdrawals |
| Trading Fees | Competitive spreads, commissions, swaps |
Introduction
Funded Trading Plus is a proprietary trading firm providing traders with four different account options: a one-step evaluation, two two-step evaluations, and an instant funding program.
Funded Trading Plus collaborates with ThinkMarkets to offer top-tier trading conditions. Traders can access the markets using platforms like DXtrade, Match-Trader, or cTrader.
In this review, we’ll get into the company’s background, examine the various funding programs they offer, and explore the trading conditions and requirements. We’ll also cover profit splits and payout processes, weigh the pros and cons, analyze broker partnerships and the trading environment, and review the support and resources available to traders.
Furthermore, we’ll highlight user experiences and testimonials, provide expert opinion, and conclude with final thoughts and recommendations.
Funded Trading Plus Company Overview
Funded Trading Plus, legally known as FTP London Ltd, was incorporated on November 2, 2021. Headquartered in London, UK, the firm is managed by CEO Simon Massey.
Funded Trading Plus is an extension of Trade Room Plus, which started in 2013 and became the UK’s premier live trade room for retail traders. Simon Massey, who began his career as a first responder, transitioned to the financial industry inspired by his friend Pasha, an ex-city trader. Simon’s passion for trading and mentoring others led to the creation of Trade Room Plus with another friend Michael, where they shared their trading experiences and helped others start their trading journeys.
A common problem retail traders face is having access to limited funds, which restricts their ability to generate significant returns. Funded Trading Plus was established to remove this inequality, providing retail traders with access to substantial capital. This allows traders to prove their skills and achieve significant profits.
Funded Trading Plus supports its traders by enabling them to manage account sizes up to $200,000, with the potential to scale up to $2,500,000. Traders can choose from a variety of account types, including single and two-step evaluations or direct funding. Successful traders can earn up to 100% profit splits on their earnings.
Key Highlights
- Headquarters: London, United Kingdom
- Year Established: 2021
- Mission: To remove the inequality in trading by providing retail traders with access to significant capital and comprehensive support.
- Vision: To empower retail traders with the tools and resources needed to achieve unparalleled success in the financial markets.
In the next sections, we will explore the specific services and opportunities provided by Funded Trading Plus.
Funded Trading Plus - Funding Programs
Funded Trading Plus offers a variety of funding programs tailored to meet the needs of traders at different skill levels and with different trading strategies. The programs include the Experienced Trader Program, Advanced Trader Program, Premium Trader Program, and Master Trader Program. Each program is designed to provide a clear and attainable path to accessing significant trading capital, with the potential for traders to scale their accounts up to $2,500,000.
Which Program Suits Which Traders and Why
- Experienced Trader Program: Best for confident traders who can showcase their skills quickly and want a straightforward, fast-tracked evaluation process. Ideal for those who prefer simplicity and have a well-defined trading strategy.
- Advanced Trader Program: Suitable for traders who excel in maintaining consistent performance and prefer a more structured and rigorous evaluation. Ideal for those who need to prove their strategy and risk management over multiple phases.
- Premium Trader Program: Designed for experienced traders who want higher initial funding and more lenient conditions. Best for those who need additional features and flexibility to optimize their trading strategies.
- Master Trader Program: Perfect for highly experienced traders who require immediate access to significant capital without undergoing an evaluation. Ideal for those with a proven track record and advanced trading skills.
Key Features to Each Program
- Experienced Trader Program: One-step evaluation, specific profit target, strict drawdown limit, no time pressure.
- Advanced Trader Program: Two-step evaluation, higher drawdown allowance, profit targets for both phases.
- Premium Trader Program: Advanced features, two-step evaluation, higher initial funding, lenient drawdown limits.
- Master Trader Program: Immediate funding, high initial capital, flexible trading conditions, no evaluation phase.
Experienced Trader Program
The Experienced Trader Program is a one-step evaluation designed for traders who prefer a straightforward approach to securing funding. This program is ideal for traders who can demonstrate their trading skills effectively in a single phase without the need for multiple evaluations. Traders must achieve a profit target without breaching a set drawdown limit. This program offers account sizes ranging from $25,000 to $100,000. Key features include:
- Simple one-step evaluation: Suitable for confident traders who want quick access to capital.
- Profit Target: Traders need to meet a specific profit target.
- Drawdown Limit: Strict adherence to the drawdown limit is required.
- Flexible Trading Conditions: No time limit for passing the evaluation, allowing traders to perform without pressure
Advanced Trader Program
The Advanced Trader Program consists of a two-step evaluation process, making it suitable for traders who excel in demonstrating consistent performance over multiple phases. This program is ideal for those who need a structured evaluation to validate their trading strategy and discipline. The program offers account sizes from $25,000 to $100,000, with higher drawdown allowances compared to the Experienced Trader Program. Key features include:
- Two-step evaluation: Provides a rigorous assessment of a trader’s consistency and risk management.
- Higher Drawdown Allowance: Offers more lenient drawdown limits, accommodating various trading strategies.
- Profit Target: Requires meeting specific profit targets in both phases
Premium Trader Program
The Premium Trader Program is designed for traders seeking advanced features and greater flexibility. This two-step evaluation program offers additional benefits like higher initial funding and more lenient drawdown limits. It is suitable for experienced traders who want to leverage more substantial capital while benefiting from a structured evaluation. Account sizes range from $25,000 to $100,000. Key features include:
- Advanced Features: Higher initial funding and lenient drawdown limits.
- Two-step evaluation: Similar to the Advanced Trader Program but with additional perks.
- Profit Target: Consistent performance required across both evaluation phases
Master Trader Program
The Master Trader Program provides direct access to trading capital without the need for an evaluation. This program is best suited for highly experienced traders who can demonstrate their trading abilities immediately and need substantial capital to implement their strategies. The account sizes start at $50,000 and can go up to $500,000. Key features include:
- Immediate Funding: No evaluation required, providing instant access to capital.
- High Initial Funding: Offers significant initial capital for trading.
- Flexible Trading Conditions: Traders can use various strategies, including Expert Advisors (EAs) and algorithms
Funded Trading Plus - Trading Conditions and Requirements
Leverage
Funded Trading Plus offers various leverage options depending on the program and account type. The typical leverage provided is up to 500:1 on their trading platforms, such as DXtrade, Match-Trader, and cTrader. However, traders are advised to use leverage judiciously to manage risk effectively and avoid over-leveraging, which can lead to significant losses.
Trading Instruments
Traders with Funded Trading Plus can access a wide range of trading instruments. These include:
- Forex: Major currency pairs such as GBP/USD, EUR/USD, USD/JPY, AUD/USD, USD/CAD, and NZD/USD.
- Indices: Major indices like FTSE (UK100), DOW (US30), S&P (US500), DAX (GER30), and NASDAQ (TECH100).
- Commodities: Including Gold and Oil.
- Cryptocurrencies: Funded Trading Plus supports trading in over 200 cryptocurrency markets, making it a versatile platform for crypto traders.
Specific Rules
Funded Trading Plus has established several trading rules to ensure fair and consistent trading practices:
- Stop-Loss Requirements: All trades must include a stop-loss to manage risk effectively. The minimum stop size on all markets is 25 pips/points.
- Daily and Total Drawdown Limits: Traders must not exceed a daily drawdown limit of 5% or a total drawdown limit of 10%. Breaching these limits results in account closure.
- Trading Hours: All trades must be closed by 21:30 GMT on Fridays to avoid holding positions over the weekend. New trades can be placed once the markets reopen.
Trading Days
Traders have the flexibility to trade without a minimum number of trading days requirement. However, to keep an account active, traders must place at least one trade every 30 days. This rule applies during both the evaluation and live trading phases, ensuring ongoing engagement and activity within the accounts.
Funded Trading Plus provides a structured yet flexible environment for traders, offering significant leverage, a diverse range of trading instruments, and clear rules to manage risk. By adhering to these trading conditions and requirements, traders can effectively utilize the resources provided to maximize their trading potential and achieve long-term success.
Funded Trading Plus - Profit Splits and Payment Methods
Profit Splits
Funded Trading Plus offers an attractive profit split model, which ensures that traders retain a significant portion of their earnings. The standard profit split across most programs is 80/20, meaning traders receive 80% of the profits while Funded Trading Plus retains 20%. This split can improve as traders achieve higher profit milestones. For instance, after achieving a 20% profit, the split can increase to 90/10, and upon reaching a 30% profit, traders can request a 100/0 split, allowing them to keep all profits.
Payout Frequency
Withdrawals are managed based on the specific program a trader is enrolled in:
Experienced and Advanced Programs: Withdrawals from these programs are available as soon as the account’s closed balance exceeds $50 above the starting balance. There is no need to wait for a predefined profit target. However, it’s important to note that any withdrawals will reduce the available drawdown on the account. Traders are encouraged to consider this when deciding on withdrawals to ensure it aligns with their trading strategy.
Premium Trader Program: Withdrawals from this program can be requested 7 days after the start of the ‘FT+ Trader’ account, provided the closed balance is $50 above the starting balance. Similar to the other programs, withdrawals will reduce the available drawdown.
Master Program: Withdrawals are available after achieving a $50 profit. Further withdrawals can be made at any time, with a minimum interval of 7 calendar days between requests.
Payment Methods
Funded Trading Plus supports two primary methods for withdrawals:
Cryptocurrency: Traders can receive payments in popular cryptocurrencies such as Bitcoin and Ethereum. Platforms like Coinbase and Binance are commonly used for processing these transactions, providing a convenient and fast way to access funds.
Bank Transfers: Direct bank transfers are also available, allowing traders to receive their earnings directly into their bank accounts.
- Skrill: An additional option for withdrawals is Skrill, which offers a convenient and secure way to manage funds online.
These payment methods provide flexibility and convenience, ensuring that traders can choose the option that best suits their needs.
Unique Payout Features
Funded Trading Plus incorporates several unique features to enhance the withdrawal experience for traders:
- No High-Water Mark Impact: Withdrawals do not reset the account’s high-water mark, meaning traders can withdraw profits without affecting their drawdown limits.
- Flexible Withdrawal Frequency: Once the initial conditions are met, traders can request withdrawals at any time, subject to the specific program’s rules.
- Quick Processing: Most withdrawal requests are processed within 48 hours, with many being completed on the same day.
Funded Trading Plus - Pros and Cons
Pros
High Profit Splits: Funded Trading Plus offers competitive profit splits starting at 80/20, which can increase to 90/10 or even 100/0 as traders achieve higher profit targets. This structure allows traders to retain a significant portion of their profits.
Flexible Rules: The firm provides flexible trading rules, including the ability to hold positions overnight and use various trading strategies such as Expert Advisors (EAs) and algorithms. This flexibility is beneficial for traders with different trading styles.
No Monthly Fees: There are no recurring monthly fees, which allows traders to focus on trading without worrying about additional costs.
Diverse Trading Instruments: Funded Trading Plus supports a wide range of trading instruments, including Forex, indices, commodities, and over 200 cryptocurrency markets, catering to a broad spectrum of traders.
Quick Withdrawal Processing: Withdrawal requests are processed swiftly, often within 48 hours, ensuring that traders can access their profits promptly.
Scalability: The firm offers an industry-leading scaling plan, allowing traders to scale their accounts up to $2,500,000 based on performance, providing significant growth potential.
No Time Pressure for Evaluations: Traders have the flexibility to complete their evaluations at their own pace without the pressure of a time limit, fostering a stress-free trading environment.
Community and Support: Funded Trading Plus offers 24/7 support and an active Discord community, providing traders with continuous assistance and a platform for interaction and learning.
Cons
Specific Trading Restrictions: Despite the overall flexibility, there are certain restrictions such as mandatory stop-loss orders and the requirement to close trades by 21:30 GMT on Fridays, which might limit some trading strategies.
Drawdown Impact from Withdrawals: Withdrawals reduce the available drawdown on the account, which could impact a trader’s risk management strategy and their ability to trade larger positions.
High Initial Fees for Some Programs: The entry costs for some programs, especially those offering higher initial capital, can be relatively high, potentially deterring some traders.
Increased Risk for Immediate Funding: Programs like the Master Trader Program, which offer immediate funding, come with higher risk as traders need to prove their capabilities quickly to avoid account closure.
Evaluation Phase Complexity: For programs with multi-step evaluations, the complexity and length of the process might be daunting for some traders, requiring consistent performance over an extended period.
Limited Number of Funded Accounts: Traders can only have two funded accounts simultaneously, which might limit the diversification of trading strategies across different accounts.
By considering these pros and cons, traders can better assess whether Funded Trading Plus aligns with their trading goals and strategies.
Funded Trading Plus - Broker Partnerships and Trading Environment
Broker
Funded Trading Plus partners with ThinkMarkets to provide their trading services. This partnership ensures that traders have access to reliable and efficient market execution, enhancing their trading experience.
Trading Platforms
Funded Trading Plus supports three primary trading platforms, allowing traders to choose the one that best fits their needs:
- DXtrade
- Match-Trader
- cTrader
These platforms are known for their robust features, user-friendly interfaces, and comprehensive tools that cater to both beginner and experienced traders.
Trading Fees
Spreads
Spreads are the difference between the bid and ask prices for a particular asset. Funded Trading Plus offers competitive spreads, which vary depending on the chosen broker and the specific trading instrument. Generally, major Forex pairs tend to have tighter spreads, while exotic pairs and other instruments like commodities and cryptocurrencies might have wider spreads.
Commissions
In addition to spreads, traders might incur commissions, which are fees charged per trade. These commissions can vary based on the trading platform and the broker. Typically, lower spreads might come with higher commissions, and vice versa. Traders are encouraged to review the specific fee structures of ThinkMarkets when selecting their trading conditions.
Swaps
Swaps, also known as overnight financing fees, are charged when traders hold positions overnight. The swap rate can be positive or negative, depending on the interest rate differential between the two currencies in a Forex pair or other financial instruments. These rates vary and are subject to change based on market conditions and the broker’s policies.
Funded Trading Plus, through its partnership with ThinkMarkets, offers a robust trading environment on platforms like DXtrade, Match-Trader, and cTrader. Traders benefit from competitive trading fees, including spreads, commissions, and swaps, which vary based on the chosen broker and trading instruments. By providing a reliable broker partnership and flexible trading platforms, Funded Trading Plus ensures a seamless and efficient trading experience for its users.
Funded Trading Plus - Support and Resources for Traders
Available Support Channels
Funded Trading Plus provides various support channels to ensure that traders receive the assistance they need promptly. The available support channels include:
- Email: Traders can reach out for support via email for detailed inquiries or issues that may require documentation.
- Phone: Direct phone support is available for more immediate assistance and real-time communication.
- Live Chat: The website features a live chat option for quick and convenient support directly from the site.
- Discord: Funded Trading Plus has an active Discord community where traders can interact with support staff and fellow traders.
- FAQ: A comprehensive FAQ section is available on the website, addressing common questions and issues that traders might encounter.
All support is provided in English, ensuring clear and effective communication.
Educational Resources
Funded Trading Plus is committed to providing educational resources to help traders enhance their skills and knowledge. These resources include:
- Webinars: Regular webinars are conducted to cover various trading topics, strategies, and market analyses. These sessions are designed to help traders stay informed about market trends and improve their trading techniques.
- Articles: The website features a range of articles that provide insights into trading strategies, market updates, and other relevant topics. These articles are valuable for both beginner and experienced traders looking to deepen their understanding of trading.
- Mentorship Programs: Funded Trading Plus offers mentorship programs where experienced traders can guide less experienced ones. These programs provide personalized advice and strategies tailored to individual trading styles and goals.
Funded Trading Plus - User Experiences and Testimonials
Funded Trading Plus has received 2,118 reviews on Trustpilot, boasting an overall rating of 4.8 out of 5 stars, categorizing it as Excellent. These reviews reflect the experiences of a wide range of users, highlighting both positive aspects and areas for improvement.
Common Themes from Reviews
Positive
- Customer Service: Many reviews commend Funded Trading Plus for its responsive and helpful customer service. Users appreciate the availability of support through multiple channels, including email, phone, live chat, and Discord.
- Efficient Payouts: A frequent praise point is the efficiency and reliability of the payout process. Users often mention receiving their profits quickly, sometimes within a few days of making a withdrawal request.
- Flexible Trading Conditions: Traders value the flexible rules, such as the ability to hold positions overnight and trade during news events. This flexibility allows for a variety of trading strategies and is appreciated by both novice and experienced traders.
- Educational Resources: The educational resources, including webinars, articles, and mentorship programs, are frequently highlighted as beneficial. These resources help traders improve their skills and stay informed about market trends.
Negative
- Specific Trading Restrictions: Some users have pointed out that despite the overall flexibility, there are certain restrictions, such as the mandatory stop-loss and the requirement to close trades by a certain time on Fridays. These restrictions can limit certain trading strategies.
- High Entry Fees: A few reviews mention the relatively high entry fees for some of the programs, which might deter potential traders.
- Drawdown Reduction with Withdrawals: Some users have noted that withdrawals reduce the available drawdown on the account, which can impact their trading strategy and risk management.
Overall, Funded Trading Plus is highly regarded for its user-friendly platform, efficient payouts, and supportive customer service. The flexibility in trading conditions and the availability of educational resources are significant advantages. However, traders should be aware of specific restrictions and the implications of high entry fees and drawdown reductions. These insights from Trustpilot reviews provide a comprehensive view of the user experience with Funded Trading Plus.
Funded Trading Plus -Trading Dashboard
The Funded Trading Plus trading dashboard is designed with usability and functionality in mind, catering to both novice and experienced traders. The dashboard provides a clear and intuitive interface, allowing traders to easily monitor their accounts, track performance metrics, and manage trades.
Key Features
- User-Friendly Interface: The layout is clean and organized, making it easy to navigate and find relevant information quickly.
- Comprehensive Metrics: Traders can view detailed metrics such as profit and loss, drawdown limits, and account balance, enabling informed decision-making.
- Execution Speed: The platform offers fast execution speeds, which is crucial for effective trading.
- Demo Access: Funded Trading Plus provides a demo account for users to familiarize themselves with the platform and test their strategies in a risk-free environment.
Overall, the Funded Trading Plus trading dashboard excels in providing a user-friendly and efficient trading environment. Its comprehensive features and intuitive design make it a valuable tool for traders aiming to maximize their performance and achieve their trading goals.
Expert Opinion
Funded Trading Plus is a highly reputable proprietary trading firm that caters to a wide range of traders through its well-structured funding programs. Each program offers unique benefits, making it accessible for traders with different levels of experience and trading styles. The firm’s commitment to flexibility, transparency, and trader support is evident in its program designs and resources.
Summary of Key Points
- High Profit Splits: The firm offers generous profit splits ranging from 80% to 100%, allowing traders to retain a significant portion of their earnings.
- Flexible Trading Rules: Funded Trading Plus provides flexible trading conditions, such as no minimum trading days and realistic drawdown limits. Traders are allowed to trade without the pressure of time constraints, enhancing their trading experience.
- Educational Support: The firm offers a wealth of educational resources, including webinars, articles, and mentorship programs. These resources are designed to help traders improve their skills and stay informed about market trends.
- Efficient Payouts: Funded Trading Plus has an efficient and reliable payout process. Traders can request withdrawals quickly, often receiving their profits within a few days.
- Diverse Trading Instruments: The platform supports a wide range of trading instruments, including Forex, commodities, indices, and cryptocurrencies, providing ample opportunities for diversification.
- Comprehensive Support Channels: Funded Trading Plus offers multiple support channels, including email, phone, live chat, Discord, and a detailed FAQ section, ensuring that traders can get the help they need promptly.
- Scalability: The firm offers an industry-leading scaling plan, allowing traders to increase their account size up to $2,500,000 based on performance, providing significant growth potential.
- No Monthly Fees: The absence of recurring monthly fees allows traders to focus on their trading without additional financial burdens.
- User-Friendly Trading Dashboard: The trading dashboard is intuitive and feature-rich, providing comprehensive metrics and easy navigation to monitor account performance and manage trades effectively.
Funded Trading Plus is an excellent choice for traders seeking a supportive and flexible trading environment. Its high profit splits, comprehensive educational resources, and efficient payout system make it a standout option in the proprietary trading industry. The firm’s diverse funding programs are designed to accommodate traders at all levels, from beginners to experienced professionals. With its commitment to transparency and trader success, Funded Trading Plus is highly recommended for anyone looking to thrive in the trading world. This firm can undoubtedly be regarded as one of the industry-leading prop trading firms, providing exceptional trading conditions and support for traders globally.
Funded Trading Plus’s various programs offer realistic trading objectives with flexible rules, no minimum trading day requirements, and scaling plans to increase account balances. Whether you are looking for a one-step evaluation or direct funding, Funded Trading Plus has tailored programs to fit your needs. Overall, Funded Trading Plus excels in creating a trader-friendly environment with ample support and growth opportunities, making it a top choice for aspiring and experienced traders alike.
