Funded Trading Plus Review
Funded Trading Plus are a prop firm that fund professional traders from $200,000 up to $2,500,000 with scaling and a profit share of 80-90%. They have no minimum or maximum time limits to reach achievable targets and you can receive payout in just 3 days.
Funded Trading Plus are looking for seasoned traders that can forecast the direction of the market. You will be given the opportunity to join their team if you can successfully showcase your trading talent through one of the trading programmes. You will trade in live accounts using real money on the live market once you have successfully completed the evaluation phases. This implies that you will be able to withdraw your money whenever you are successful. You won’t merely be using a real demo account, unlike some rival prop firms. Their unique assistance programme, which is created to nurture your skill, will enable you to reach your full potential while being treated like a VIP.
About
Funded Trading Plus is an extension of Trade Room Plus which was launched way back in 2013 and is the UK’s premier live trade room for retail traders. They are one of the few trading educators who actually trades in real time, and they have taught a lot of retail traders how to place good trades and turn trading into a full-time job.
The fact that retail traders only have a finite quantity of capital at their disposal is a regular issue they run into. They may be aware of sound financial principles, but in reality, a tiny investment can only produce a modest investment. They might be excellent traders, but this is unjust because they will never have the resources to demonstrate their abilities. Funded Trading Plus set out to eliminate this inequity through funded trading programs.
For the advantage of both parties, Funded Trading Plus seeks to identify and pair exceptional retail traders with substantial funds. Talented traders no longer have to struggle because of a lack of capital.
Although the financed trading model has only recently emerged on the scene, there are several rivals. They have done their research and made an effort to learn how each organisation runs. Additionally, you need conduct your own research because it’s tough to compare these businesses directly due to their huge differences.
The business plan of Funded Trading Plus is created from the ground up to outperform its rivals. They have simple-to-understand Funded Trader Programs, and if they find a profitable trader, they will properly finance them and set them up as a professional trader. They will do everything in their power to support financed traders since they need and want their success.
The Funded Trading Plus challenges are made to be simple, realistic, and fair. They have straightforward rules that you need to adhere to in order to pass. They don’t charge monthly fees since they think that forcing consumers to trade by putting time constraints leads to unwise judgements. An experienced trader will be able to complete the phases quite rapidly. You could require a little more time if you have less experience. Contrary to many other companies on the market, they truly desire top-notch traders to access money with them.
Experienced Trader Program
For traders with previous market experience, they created the Experienced Trader Program. Since it is a one-phase evaluation, only one phase needs to be finished in order to qualify for funding. In order to increase the likelihood that traders will succeed, they have tailored the programme to best support low risk trading. Traders can scale their account amount up to $2,500,000 at a 10% profit target, which is the next level. They don’t set time limits or charge monthly fees for this programme since they believe that these restrictions are unfair because they frequently force traders to complete trades as quickly as possible.
| Evaluation Type | Single Phase | Single Phase | Single Phase | Single Phase | Single Phase |
|---|---|---|---|---|---|
| Profit Split | 80/20 (up to 90/10) | 80/20 (up to 90/10) | 80/20 (up to 90/10) | 80/20 (up to 90/10) | 80/20 (up to 90/10) |
| Profit Target | 10% | 10% | 10% | 10% | 10% |
| Min. Trading Days | None | None | None | None | None |
| Maximum Leverage | Up to 1:30 | Up to 1:30 | Up to 1:30 | Up to 1:30 | Up to 1:30 |
| Platforms | MT4, MT5, or TradingView | MT4, MT5, or TradingView | MT4, MT5, or TradingView | MT4, MT5, or TradingView | MT4, MT5, or TradingView |
| Relative Drawdown | 6% | 6% | 6% | 6% | 6% |
| Daily Drawdown | 3% | 3% | 3% | 3% | 3% |
| Account Size (USD) | $12,500 | $25,000 | $50,000 | $100,000 | $200,000 |
| Refundable Fee | $119 | $199 | $349 | $499 | $999 |
Phase 1 – Assessment
- 10% Profit Target
- 6% Drawdown
- 3% Daily Drawdown
- No Stop Loss Required
- Hold Overnight & Weekend
Phase 2 – Live Account
Completing the phase 1 assessment will gain you a real, live funded trading account for you to place trades.
Advanced Trader Program
One major advantage that the Advanced Trader Program offers over the Experienced Trader Program is that traders have access to a higher maximum drawdown. Traders must successfully complete two evaluation stages in order to take advantage of the flexibility these advantages provide. Having two phases makes it easier for them to control their risk and guarantees that they have enough money to support the successful advanced traders. The straightforward guidelines of the Experienced Trader Program are available to traders on this programme. Additionally, Advanced traders have the option to grow their accounts and multiply their profits, exactly like in the Experienced Trader Program.
| Evaluation Type | Two Phase | Two Phase | Two Phase |
|---|---|---|---|
| Profit Split | 80/20 (up to 90/10) | 80/20 (up to 90/10) | 80/20 (up to 90/10) |
| Phase 1 Target | 10% | 10% | 10% |
| Phase 2 Target | 5% | 5% | None |
| Min. Trading Days | None | None | None |
| Maximum Leverage | Up to 1:30 | Up to 1:30 | Up to 1:30 |
| Platforms | MT4, MT5, or TradingView | MT4, MT5, or TradingView | MT4, MT5, or TradingView |
| Relative Drawdown | 10% | 10% | 10% |
| Daily Drawdown | 5% | 5% | 5% |
| Account Size (USD) | $25,000 | $50,000 | $100,000 |
| Refundable Fee | $199 | $349 | $499 |
Phase 1 – Assessment #1
- 10% Profit Target
- 10% Drawdown
- 5% Daily Drawdown limit
Phase 2 – Assessment #2
- 5% Profit Target
- 10% Drawdown
- 5% Daily Drawdown limit
Phase 3 – Real Account
Completing the Assessment phase 2 will gain you a real, live Funded Trading Account for you to place trades.
Master Trader Program
The Master Trader Program does not have an evaluation step; it is an instant funding programme. Anyone who wishes to be able to start earning right away should take advantage of this offer. The programme has a 5% goal profit and a 5% trailing drawdown. The trailing component of the drawdown is removed after the profit target is reached. For traders who are profitable and seeking to increase their trading capital quickly, this is a great choice.
| Evaluation Type | Instant Funded (No Evaluation) | Instant Funded (No Evaluation) | Instant Funded (No Evaluation) | Instant Funded (No Evaluation) | Instant Funded (No Evaluation) |
|---|---|---|---|---|---|
| Profit Split | 70/30 (up to 90/10) | 70/30 (up to 90/10) | 70/30 (up to 90/10) | 70/30 (up to 90/10) | 70/30 (up to 90/10) |
| Min. Trading Days | None | None | None | None | None |
| Maximum Leverage | Up to 1:30 | Up to 1:30 | Up to 1:30 | Up to 1:30 | Up to 1:30 |
| Platform | MT4, MT5, or TradingView | MT4, MT5, or TradingView | MT4, MT5, or TradingView | MT4, MT5, or TradingView | MT4, MT5, or TradingView |
| Relative Drawdown | 5% of starting balance | 5% of starting balance | 5% of starting balance | 5% of starting balance | 5% of starting balance |
| Account Size (USD) | $5,000 | $10,000 | $25,000 | $50,000 | $100,000 |
| Drawdown Figures | -$250 / $4750 | -$500 / $9500 | -$1250 / $23750 | -$2500 / $47500 | -$5000 / $95000 |
| One Time Fee | $225.00 | $450.00 | $1,125.00 | $2,250.00 | $4,500.00 |
Funded Trading Plus is dedicated to providing a broad selection of programmes that have been created by specialists to fit virtually any style of trader. Additionally, they carefully craft the programmes to assist traders in reducing the likelihood that they would break any rules since they want traders to experience long-term success and stay with them for many years to come.
Profit Share
Funded Trading Plus operate on an 80/20 split, giving you 80% of profits and keeping 20% for themselves. All earnings exceeding this amount can be adjusted to a 90/10 split (with 90% going to you and 10% going to them) upon request once customers have made 20% profit on their live funded trading account.
Withdrawals
Any profit you generate over $50 on your live account is withdrawable once per week. For withdrawals, they provide both bank transfers and cryptocurrencies. Additionally, for contracts, they also use Deel, which has its own special payout procedures for withdrawals.
Trading Strategies
You are free to trade using any technique or approach you desire, including EAs, Algos, and Bots. When choosing strategies and EAs, you need to be careful of the program’s guidelines and restrictions. Arbitrage, grid trading, and other types of dishonest trading are not permitted.
Hedging
The platform permits simultaneous long and short positions on the same market. You can’t hold opposing views on multiple accounts at once (this is the case on an evaluation or live account). The account will be cancelled without a refund if this is done because it is deemed cheating. Trading GOLD long on one account and GOLD short on another account are two examples of opposing positions. The term “grid trading” also applies to this.
Copy Trading
It is possible to copy trades on one of your own accounts to one of the FT+ accounts. Copying to numerous FT+ accounts is not possible. Please be aware that they do not fund multiple accounts using the same trading technique. When an account executes the same trades on the same market at almost the same times, they say that the account is using the same strategy.
Finding excellent traders for them to fund is the foundation of the prop business strategy. Then, it becomes their responsibility to locate the source trader and try to fund them. People who have replicated the trades of another trader will not be funded by this prop firm.
Accounts
You are allowed to have as many evaluation accounts as you like. However, they will only finance two active accounts at once. They will only merge live accounts if the accounts are both untraded. They can consolidate accounts up to $200,000 because that programme now has the largest value. It is against the Terms and Conditions to trade the same markets simultaneously on more than one account. The maximum (AUM) is $400,000, which equates to a maximum of two distinct active accounts each worth $200,000. Only two active accounts may be funded at once.
Reset
You will be given the option to reset at a reduced cost if you fail an assessment. Program and reset costs are regularly evaluated and subject to change.
Relative Drawdown
Your Maximum Drawdown level increases each time you close a profitable deal and raise your balance over the initial balance. The gap between the closed balance high (your high-water mark, or HWM) and the Maximum Drawdown is known as the Relative Drawdown.
- Maximum Drawdown – An account balance level you cannot trade downwards through
- High Water-Mark – The account starting balance or if higher, the closed account balance trading high
- Relative Drawdown – The distance between the High Water-Mark and the Maximum Drawdown
Until the trader achieves a closed balance profit equal to or greater than the Relative Drawdown amount, the Relative Drawdown remains at its current value. The Max Drawdown point locks in at this time, and the trader can now trade higher to enhance the Relative Drawdown.
- Experienced Trader Programs Relative Drawdown is 6%
- Advanced Trader Programs Relative Drawdown is 10%
- Master Trader Programs Relative Drawdown is 5%
Relative Drawdown moves up with a positive trade balance. It does not move down with a negative trade balance. All withdrawals reduce the trader’s Relative Drawdown by the same amount.
It is advised that traders only withdraw an amount that is less than their Relative Drawdown and leaves them with room to keep building their account value through trading. The long-term traders that are successful are aware of their own trading patterns and have developed a Relative Drawdown cushion that fits their particular trading style.
A trader will not be allowed to use the account to make additional trades if they withdraw an amount equivalent to their relative drawdown.
Experienced Trader Example
On the $100,000 Experienced Trader Program, the Max Drawdown increases from $94,000 to $95,000 if the trader makes a profit of $1,000 – 1% on a closed balance of $101,000. The initial 6% Relative Drawdown remains unchanged.
The Max Drawdown locks in at the starting balance when the trader achieves a closing profit of $6,000 (6%) or more. Max Drawdown is $100,000; Balance is currently $106,000. The relative drawdown stays at 6%.
The Relative Drawdown now rises proportionately when the trader climbs up with a positive closed balance that is more than 6%.
- Trader makes a closed balance of $108,000; Relative Drawdown is now 8%.
- Trader makes a closed balance of $121,000; Relative Drawdown is now 21%.
Advanced Trader Example
On the Advanced Trader $100,000 Program, the Max Drawdown increases from $90,000 to $91,000 if the trader generates a profit of $1,000 – 1% on a closed balance of $101,000. The initial 10% Relative Drawdown remains unchanged.
The Max Drawdown locks in at the starting balance when the trader achieves a closing profit of $10,000 (10%) or more. Max Drawdown is $100,000; Balance is currently $110,000. The 10% relative drawdown rate has not changed.
Now, the Relative Drawdown rises proportionately when the trader trades up with a positive closed balance that is more than 10%.
- Trader makes a closed balance of $112,000; Relative Drawdown is now 12%.
- Trader makes a closed balance of $121,000; Relative Drawdown is now 21%.
Master Trader Example
On the Master Trader $100,000 Program, the Max Drawdown increases from $95,000 to $96,000 if the trader generates a profit of $1,000 – 1% on a closed balance of $101,000. The first 5% Relative Drawdown remains the same.
The Max Drawdown locks in at the starting amount when the trader achieves a closing profit of $5,000 (5%) or more. Max Drawdown is $100,000; Balance is now $105,000. Relative Drawdown is still 5% as before.
Now, the Relative Drawdown rises proportionately when the trader trades up with a positive closed balance that is more than 5%.
- Trader makes a closed balance of $108,000; Relative Drawdown is now 8%.
- Trader makes a closed balance of $121,000; Relative Drawdown is now 21%.
Live Funded Accounts
On all live account programmes, the relative drawdown stays the same. For traders who reach a balance of 10%, the Daily Drawdown level on Experienced and Advanced can be abolished. They require traders to request a change to their account in order to remove this restriction because it is not automated.
Daily Drawdown
The Daily Drawdown is a trading balance threshold below which a trader is unable to trade each day. Every day at 23:59 server time, a trading account’s balance (closed trades) is calculated, and the result is sent to the trader’s dashboard.
- On the Experienced Trader Program, the Daily Drawdown is 3%.
- On the Advanced Trader Program, the Daily Drawdown is 5%.
- There is no Daily Drawdown on the Master Trader Program.
The Daily Drawdown starts at a fresh level every day and stays there throughout the day regardless of the trader’s actions. Max Drawdown is distinct from Daily Drawdown. Daily Drawdown may occasionally be less than Max Drawdown.
Scaling
Scaling allows traders the chance to drastically boost their account’s purchasing power. One strategy for traders to compound current profits for potential future gains is to do this. The prop firm are willing to fund traders up to a maximum of $2,500,000.
The trader has the option to expand or to keep growing their current account. The trader decides whether or not to scale. To scale up, though, you must have 10% profit on your account. Scaling requires that traders are open and have no open trades.
Withdrawals are permitted prior to scaling up. You can withdraw before or after scaling, but withdrawals reduce your account balance and do not count towards the balance required for scaling.
When their account has a certain minimum profit, traders can expand the size of their account. This minimum level is 10% for the Experienced Trader and Master Trader programmes. The minimum level for the Advanced Trader Program is 20%.
- There is no time limit; you can scale up initially whenever you choose, even in just one day.
- Your profit can be used to pay for your subsequent scale-up.
- You have the option to withdraw your gains, subject to the static drawdown maximum.
- Static drawdown is always restricted to the amount of the account.
You can sale up once you make the required profit or greater on your Live Account (10% on Experienced Trader and Master Trader Programs, 20% on the Advanced Trader Program). You just need to close your open trades and then open a ticket via Live Chat or the Contact Page and ask to scale up. You should allow up to 2 business days for this to be completed.
Scaling Example
For instance, a trader joins the $100,000 Experienced Trader Program, makes an 8% profit, withdraws $3,000, and then continues trading, making another $8,000 in profit. They then decide to build up to a five-account, $200,000 portfolio. Following scaling up, they choose to remove $5,000 before continuing to trade the account.
- $100,000 – stating account
- $108,000 – drawdown now fixed at $100,000
- $108,000 – $3,000 = $105,000 – new balance after withdrawal
- $105,000 + $8,000 = $113,000 – new 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
In this illustration, we show how a professional trader may choose to manage their account by taking profits along the road while also having the option to scale up.
Experienced Trader Program Scaling
| Funded Account Starting Size | Profit Required To Scale | Balance Required For Next Level |
|---|---|---|
| $12,500 | 10% | $13,750 |
| $25,000 (plus the profit you made from the last level) | 10% | $27,500 |
| $50,000 (plus the profit you made from the last level) | 10% | $55,000 |
| $100,000 (plus the profit you made from the last level) | 10% | $110,000 |
| $200,000 (plus the profit you made from the last level) | 10% | $220,000 |
| $400,000 (plus the profit you made from the last level) | 10% | $440,000 |
| $800,000 (plus the profit you made from the last level) | 10% | $880,000 |
| $1,600,000 (plus the profit you made from the last level) | 10% | $1,760,000 |
| $2,500,000 (plus the profit you made from the last level) | – | – |
The Advanced Trader Program Scaling
| Funded Account Starting Size | Profit Required To Scale | Balance Required For Next Level |
|---|---|---|
| $25,000 | 20% | $30,000 |
| $50,000 (plus the profit you made from the last level) | 20% | $60,000 |
| $100,000 (plus the profit you made from the last level) | 20% | $120,000 |
| $200,000 (plus the profit you made from the last level) | 20% | $240,000 |
| $400,000 (plus the profit you made from the last level) | 20% | $480,000 |
| $800,000 (plus the profit you made from the last level) | 20% | $960,000 |
| $1,600,000 (plus the profit you made from the last level) | 20% | $1,920,000 |
| $2,500,000 (plus the profit you made from the last level) | – | – |
Master Trader Program Scaling
| Funded Account Starting Size | Profit Required To Scale | Balance Required For Next Level |
|---|---|---|
| $5,000 | 10% | $5,500 |
| $10,000 (plus the profit you made from the last level) | 10% | $11,000 |
| $25,000 (plus the profit you made from the last level) | 10% | $27,500 |
| $50,000 (plus the profit you made from the last level) | 10% | $55,000 |
| $100,000 (plus the profit you made from the last level) | 10% | $110,000 |
| $200,000 (plus the profit you made from the last level) | 10% | $220,000 |
| $400,000 (plus the profit you made from the last level) | 10% | $440,000 |
| $800,000 (plus the profit you made from the last level) | 10% | $880,000 |
| $1,600,000 (plus the profit you made from the last level) | 10% | $1,760,000 |
| $2,500,000 (plus the profit you made from the last level) | – | – |
Risk Management Assessment
Before a funded traded account is allowed, all traders who meet the profit objective of their evaluation will have their trades reviewed by the risk management staff. They have the right to deny a trader a funded account if the risk management team discovers evidence of trading that is regarded to not follow proper trade risk management.
They won’t have seen enough proof of sound risk management from a trader who aims to execute a small number of deals at maximum leverage and discovers that these trades reach the profit target.
A trade on the trading platform is not always characterised by a single trade execution. A transaction may also consist of several simultaneous executions or comparable entries on the same market.
In most cases, it is customary to give the trader the benefit of the doubt. However, they have seen that some users are willing to risk losing their money and engage in extremely leveraged trades in order to get through their evaluation phase(s) in a matter of hours or days. The prop firm’s capital would suffer enormous losses if they allowed these individuals to trade on the actual market with real money. This would make it harder for them to keep financing the excellent traders.
Funded Trading Plus was established to change the prop trading industry’s traditional mould. They came to the market with the intention of providing the best funded trader programmes, not just more of the same. Here are a few characteristics that make them stand out from the crowd.
- Funds in a live account are real, not demo funds. Profits for traders come from the actual market.
- Since 2013, the founders, who are active traders, have been teaching traders.
- The only sponsored trading company that offers 250+ cryptocurrency markets in addition to the standard FX, index, and commodity markets.
- Their software was created using research and surveys on the preferences and values of traders. They didn’t want to merely produce another set of applications with a generic theme.
- They actively seek out dealers of high calibre. They genuinely fund real accounts with real money so that traders can trade the real market rather than paying winners from losers.
- Funded Trading Plus provides top-notch support to ensure that your only concern is trading to the best of your ability.
Brokers
Eightcap is the broker that Funded Trading Plus have partnered with. All trades are executed on the Experienced and Advanced Trader programs through Eightcap. This is a huge plus when you consider that Eightcap is a well respected and regulated trading broker. They have been providing top class trading products and services for many years now. You can buy and sell over 800 financial instruments with tight spreads, low commission fees and rapid trade execution speeds at the best available prices. This is all backed up by excellent around the clock customer support.
Platforms
You can trade with Funded Trading Plus on the industry standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms from Eightcap. These are the most popular trading platforms amongst forex traders around the globe. They are fully customisable and packed with all of the trading tools that you need for building your strategies and conducting in-depth market analysis across multiple chart timeframes. You will also find thousands of free and paid add-ons to enhance the functionality of the platforms. The MetaTrader platforms enable you to place and manage trades with efficiency.
If you are looking for a prop firm with NinjaTrader, you could consider Bulenox as an alternative option. You can continue to use NinjaTrader to make your trading decisions, and you can carry out the trades on the MetaTrader platforms to get the best of both worlds. Many seasoned traders favour using a different platform for trade execution than they do for analysis. You can also use the excellent TradingView charting software for comprehensive market analysis.
Instruments
There is a great selection of trading instruments to choose from, with something for everyone regardless of your interests or strategy. You will find major, minor and exotic forex currency pairs along with indices, commodities and cryptocurrencies. There are no data fees that the trader needs to pay.
Dashboard
The Funded Trading Plus dashboard is a modern and sleek interface where you can see all of the important statistics related to your trading activity on the platform. This includes everything from your profit, loss, drawdown, available withdrawals and much more. It gives a great way of staying on top of things to make sure you are trading within the guidelines and not in risk of breaching any of the rules.
| Maximum capital | $2,500,000 |
| Profit split | Up to 90% |
| Scaling | Yes |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | Yes |
| Free trial | No |
| Maximum leverage | 1:30 |
In conclusion, Funding Trading Plus is a trustworthy proprietary trading company that gives traders the option to select between Experienced, Advanced, and Master funding programmes.
The experienced trader programme is an evaluation programme, and before you can receive rewards, you must successfully complete one phase. You must achieve a 10% profit target without going over the 3% daily loss and 6% trailing drawdown limits. You can scale your accounts while earning up to 90% profit splits with seasoned trader programmes.
Advanced trader programmes are a type of two-phase evaluation challenge that is customary in the business. Before funding and the ability to get a share of profits are granted, both stages must be completed. Before becoming funded under Funded Trading Plus, traders must achieve profit targets of 10% in phase one and 5% in phase two, which are reasonable trading goals given that there are limitations limiting daily losses to 5% and trailing drawdowns to 10%. You can scale your accounts and receive profit splits of up to 90% with advanced trader programmes.
In reality, master trader programmes are direct funding programmes that let you trade with a funded account and receive weekly profit splits without waiting for the evaluation time to end. Additionally, there aren’t any deadlines, lot size constraints, or consistency guidelines to adhere to. You can scale your accounts and receive profit splits ranging from 70% to 90% thanks to master trader programmes.
To anyone seeking for a prop firm with simple trading guidelines, Funded Trading Plus is a fantastic option. They are a relatively new company that specialises in proprietary trading, and they provide fantastic terms with three distinct funding options that cater to a wide range of people with various trading strategies. Funded Trading Plus is undoubtedly one of the best prop trading firms in the market after taking into account everything they have to offer.
Do they refund fees?
Are there any monthly fees?
Is the evaluation completed on a demo account?
Is there a time limit for passing the evaluation?
Does the funded account expire?
Does the evaluation account expire?
What markets can I trade?
What documents do they need?
By completing KYC at the time of account creation, you will avoid delays in receiving your funded account and withdrawals will be processed more quickly. They require all clients to complete KYC before they can process any withdrawals or sign any contracts. If you don’t finish your KYC within 3 days, your account will be suspended until you do. You can contact support by opening a ticket if you are unable to complete KYC automatically so that they can handle it manually.
Can I trade any strategy or can I use EAs, Algos or Bots?
What is the refund policy?
Which trading platforms do they offer?
Can you withdraw profit from an evaluation account?
Is Funded Trading Plus legit
How long does it take to become a funded trader?
How do I withdraw my profits?
Step 2: Send an invoice to Funded Trading Plus from your Deel account. Payments are sent to your Deel account. Additionally, they offer direct bank account and cryptocurrency payment options.
