Funded Trading Plus full review
Trading can be a promising but challenging endeavor due to capital limitations. Proprietary trading firms, or “prop firms,” address this issue, providing traders with funded stock trading accounts and forex accounts.
With over fifty such firms in existence, the mission is clear: to equip profitable traders with significant trading capital.
One standout is Funded Trading Plus, a firm that’s been creating a buzz in the forex community. Their appealing offers include providing up to $200,000 in trading capital, a feasible scaling plan, and an attractive profit split.
The big question is, could this be the firm that complements your trading ambitions? Let’s delve deeper into what Funded Trading Plus has to offer.
Understanding Funded Trading Plus
Funded Trading Plus, a U.K.-based prop firm, offers a massive pool of capital to forex traders aiming to escalate their trading endeavors.
Passing their unique challenge, which tests your profitability, ushers you into trading vast funds and earning 80% of the profits from your diligent efforts.
The operation model of Funded Trading Plus stands distinct from other top prop firms, rendering it quite intriguing for traders.
The company, owned by Simon Paul Massey, has been operating the funding side since 2021, though its educational arm has been active since 2013.
Transparency is a core aspect of this company. Funded Trading Plus seems well-established and a great funding avenue for traders. But let’s dig deeper into their offerings.
Capitalizing on Funded Trading Plus
Funded Trading Plus extends three different account types to cater to diverse kinds of traders. Here’s a look:
Experienced Trader Program
In this program, you must navigate just one phase to get funded. You must make a 10% profit on the account without losing 6% or 3% in one day.
You have unlimited time to accomplish this, with 1:30 leverage. After funding, you will be refunded your initial fee and maintain an 80% profit split on your trading profits.
Advanced Trading Program
The Advanced Trading Program involves two phases. You’ll need to generate a 10% profit in phase 1 and a 5% profit in phase 2, with unlimited time to achieve both phases and 1:30 leverage available.
A 10% total drawdown limit and 5% daily drawdown for both phases are in place—if you violate these, you lose the challenge!
Once you pass, upon making your first 10% profit, you’ll receive your live trading account login details and an 80% profit split.
Master Trader Program
This program offers instant funding. Once you pay, you’ll be sent your live login details.
However, a 5% maximum drawdown is set, and violating it leads to the loss of your account.
You’ll have 1:30 leverage and an unlimited time duration with this account. For an in-depth Funded Trading Plus review, consider visiting Modest Money for more comprehensive insights.
What makes Funded Trading Plus unique?
Funded Trading Plus is recognized for offering some of the best-funded Forex trading accounts; below are some features that set this firm apart from the competition.
Live trading capital
They offer funded traders live/real trading capital instead of demo capital. With your track record, you can manage substantial funds from private investors.
The ‘Master Trader’ account provides instant funding. This way, you can start making profits to withdraw almost immediately.
A one-step evaluation account is available, eliminating the need for the standard two-step verification process that most firms offer.
With more than 250 crypto pairs on offer in addition to the typical forex, Crypto, indices, and commodities, Funded Trading Plus caters to traders looking to speculate in other markets or specialize in Crypto.
No time limits
Unlike other firms, Funded Trading Plus does not impose time limits on their traders. This allows traders to take their time with the evaluation phase.
Up to 90% profit split & day one payout
Upon achieving your first 20% profit on your funded account, you will upgrade to a 90/10 profit split. Plus, they offer the chance to receive a payout on the same day you become funded!
Most trusted in the industry
Funded Trading Plus is the highest-rated prop firm on TrustPilot, with a 4.9/5 star rating from 1378 verified customer reviews, demonstrating their exceptional brand loyalty.
Funded Trading Plus offers an achievable and rewarding scaling plan. Every time a trader makes a 10% profit, they become eligible to scale their account by 2x in size!
The scaling plan
The scaling plan of Funded Trading Plus is simple; each time you make a 10% profit, you become eligible to scale your account by 2x.
The Funded Trading Plus team recommends reaching a 13% profit before initiating the scaling to allow for a drawdown buffer when trading on the new, larger account.
- Force traders to wait several months per each scale
- Force consistency rules over some time.
- Prevent traders from withdrawing any of their profit before or after they scale
- Have a minimum number of trades required for scaling.
- Allow traders to scale as often as once a day every day until $2,500,000
- Allow traders to scale without waiting months
- Allow traders to scale without consistency rules
- Allow traders to scale as soon as they have the scaling profit target in their account balance
Is getting funded by Funded Trading Plus realistic?
A prop firm might have a great offer, but it’s meaningless if their rules are so stringent that only a few can get funded.
How realistic is it that you’ll be able to pass the Funded Trading Plus challenge? To gauge this, let’s dissect the requirements:
Experienced Trader Program
For the Experienced Trader Program, you need to generate a 10% profit without losing 6% or 3% in one day. These rules seem more lenient than many other prop firms out there. Given the generous 1:30 leverage and the absence of a time limit, a disciplined and competent trader could pass this challenge.
Advanced Trading Program
The Advanced Trading Program is also quite doable. It requires you to generate a 10% profit in Phase 1 and a 5% in Phase 2.
Like the previous program, there’s no time limit, and you have 1:30 leverage. The drawdown limits (10% total and 5% daily) are stricter but not in line with other prop firms.
Master Trader Program
The Master Trader Program is unique in that you get instant funding. However, the maximum drawdown is only 5%.
This requires more careful risk management, but it’s not impossible. You also have unlimited time and 1:30 leverage, making it more attainable for a careful and risk-averse trader.
Funded Trading Plus balances providing traders with a real challenge and making it achievable for diligent and skillful people. Their rules are less strict than many prop firms, and the generous leverage and absence of a time limit give traders more breathing room.
Customer service and support
According to reviews, Funded Trading Plus has an excellent support team that is highly responsive and helpful. Their customer service is available 24/7, and they’re committed to answering any questions you might have about their programs.
They also offer educational resources to help traders improve their skills and pass their challenges. This includes webinars, blog posts, and guides, giving you all the tools you need to succeed.
Take the next step in your trading journey
If you’re a forex trader looking to take your Trading to the next level, Funded Trading Plus might be a great fit.
They offer generous funding, a realistic challenge, excellent customer service, and educational resources to help you succeed.
However, it’s crucial to remember that trading forex and other financial instruments carries risks. You should only risk capital you can afford to lose and ensure a robust risk management strategy.
Before making a decision, it’s advisable to do your due diligence and compare different prop firms to find the one that best suits your trading style and financial goals. If you’re ready to explore what Funded Trading Plus offers, click here.
Good luck on your trading journey!