14. Funded Trading Plus

Funded Trading Plus has emerged as one of the rapidly expanding providers of proprietary trading firms. The growth can be attributed to the diverse range of programs they offer. Their programs are characterized by straightforward rules, generous profit splits of up to 90%, and competitive pricing. The entry level program begins at $12,500, allowing traders to trade with capital up to $2,500,000. FT+ provides trading opportunities in Forex, indices, commodities, and boasts one of the most extensive offerings of cryptocurrencies in the market.

Funded Trading Plus motivates traders to excel in their professional journeys by offering opportunities to increase their profits. They provide traders with the chance to trade accounts worth up to $200,000 initially and, upon meeting certain criteria, the possibility to further scale their accounts up to $2,500,000. There are three options available: a single assessment phase, two assessment phase challenges, or direct funding. Successfully completing any of these options earns traders up to a 90% profit split on their earnings.

Who are Funded Trading Plus?

Funded Trading Plus, a proprietary trading firm, was established on November 2, 2021, and officially launched on December 16, 2021. Their headquarters are situated in London, UK. They offer their clients the opportunity to operate with trading accounts ranging from $200,000 up to $2,500,000 in capital. They have seamlessly integrated their technology with EightCap, a broker based in Melbourne, Australia, which is regulated by ASIC. The primary location of their business operations is at 7 Bell Yard, London, England, WC2A 2JR.

Who is the CEO of Funded Trading Plus?

Simon Massey is the CEO of Funded Trading Plus

Funding program options

• Experienced trader program
• The advanced trader program
• Master trader program

Experienced trader program accounts

The experienced trader program at Funded Trading Plus entails traders meeting evaluation requirements without any time limitations, allowing them to trade with a leverage of 1:30.

During the evaluation phase, traders must achieve a profit target of 10% while ensuring they do not exceed a maximum daily loss of 3% or a maximum trailing drawdown of 6%. Throughout this phase, there are no specific minimum or maximum trading day requirements, providing traders the flexibility to trade at their own pace.

Upon successful completion of the evaluation phase, traders receive a funded account where profit targets are no longer applicable. Instead, traders are only obligated to adhere to the 3% maximum daily loss and 6% maximum trailing drawdown rules.

Traders can request their payout once per week by attaining a profit exceeding $50. It's worth noting that initially, traders receive an 80% profit split, which can increase up to 90% when scaling their accounts for the first time.

Experienced trader program account scaling plan

The scaling plan for experienced trader program accounts is outlined in the provided spreadsheet. To become eligible for scaling up your account, the only requirement is to achieve a profit target of 10%. Withdrawals can be made before scaling up, but it is essential to have a 10% profit remaining in the account in order to proceed with scaling.

Here's an example to illustrate this process:

Starting account balance: $200,000 Drawdown now fixed at: $200,000 (remaining after withdrawal) New balance after withdrawal: $210,000 ($216,000 - $6,000) New account balance after adding profit: $226,000 ($210,000 + $16,000) Scaled-up account balance: $426,000 ($226,000 + $200,000), with drawdown fixed at $400,000 New balance after withdrawal: $416,000 ($426,000 - $10,000)

This example demonstrates how a trader can manage their account by withdrawing profits along the way while still having the opportunity to scale up.

In the experienced trader program account, trading instruments include forex pairs, commodities, indices, and cryptocurrencies.

Experience trader program account rules

• The profit target refers to a predetermined percentage of profit that traders need to achieve in order to successfully complete an evaluation phase, make profit withdrawals, or scale their trading account. In the evaluation phase, the profit target is set at 10%.

• The maximum daily loss represents the highest allowable amount of loss that a trader can incur within a single day before their account is considered in violation. For all account sizes, the maximum daily loss is set at 3%.

• The maximum trailing drawdown refers to the largest decline in an account's balance from its highest point, taking into account both realized and unrealized losses. It is calculated as the difference between the highest achieved account balance and the maximum drawdown. For all account sizes, the maximum trailing drawdown is set at 6%.

• When it comes to third-party copy trading, it's important to be aware of the associated risks. If you choose to utilize a third-party copy trading service, it is crucial to understand that there may be other traders already using the same service and employing identical trading strategies. By relying on a third-party copy trading service, there is a potential risk of being denied a funded account or withdrawal if you exceed the maximum capital allocation rule.

• When considering the use of a third-party EA (Expert Advisor), it is essential to be aware of the associated risks. By utilizing a third-party EA, it's important to note that there may be other traders already employing the same EA and utilizing an identical trading strategy. Engaging with a third-party EA introduces a potential risk of being denied a funded account or withdrawal if you surpass the maximum capital allocation rule.

The advanced trader program accounts

Funded Trading Plus's advanced trader program account is designed to identify dedicated and skilled traders who are rewarded for their consistency during the two-phase evaluation period, allowing for trading with 1:30 leverage.

In evaluation phase one, traders need to achieve a profit target of 10% while ensuring they do not exceed a maximum daily loss of 5% or a maximum trailing drawdown of 10%. There are no specific requirements for minimum or maximum trading days to progress to phase two.

In evaluation phase two, traders need to achieve a profit target of 5% while adhering to the 5% maximum daily loss and 10% maximum trailing drawdown rules. Again, there are no specific minimum or maximum trading day requirements to proceed to a funded account.

Upon successful completion of both evaluation phases, traders are granted a funded account where profit targets no longer apply. Traders are only obligated to abide by the 5% maximum daily loss and 10% maximum trailing drawdown rules.

Traders can request a payout by achieving a profit exceeding $50 once per week. It's important to note that initially, traders receive an 80% profit split, which can increase up to 90% when they scale their account for the first time.

The advanced trader program account scaling plan

The advanced trader program accounts include a scaling plan, which can be found in the provided spreadsheet. To qualify for scaling up your account, the sole requirement is to achieve a profit target of 20%. It is possible to make withdrawals prior to scaling up, but you must maintain a minimum of 20% profit in the account to proceed with scaling.

Here's an example to illustrate this process:

Starting account balance: $100,000 Drawdown now fixed at: $100,000 (remaining after withdrawal) New balance after withdrawal: $110,000 ($116,000 - $6,000) New account balance after adding profit: $126,000 ($110,000 + $16,000) Scaled-up account balance: $226,000 ($126,000 + $100,000), with drawdown fixed at $200,000 New balance after withdrawal: $216,000 ($226,000 - $10,000)

This example demonstrates how a trader can manage their account by withdrawing profits along the way while having the opportunity to scale up.

In the advanced trader program account, trading instruments include forex pairs, commodities, indices, and cryptocurrencies.

The advanced trader program account rules

• The profit target represents a predetermined percentage of profit that traders must achieve in order to successfully complete an evaluation phase, make profit withdrawals, or scale their trading account. In phase 1 of the evaluation, the profit target is set at 10%, while in phase 2, it is set at 5%. Once traders have advanced to funded accounts, there are no specific profit targets to meet.

• The maximum daily loss refers to the highest permissible amount of loss that a trader can incur within a single day before their account is considered in violation. For all account sizes, the maximum daily loss is set at 5%.

• The maximum trailing drawdown represents the largest decline in an account's balance from its peak, measuring the difference between the highest achieved account balance and the maximum drawdown. For all account sizes, the maximum trailing drawdown is set at 10%.

• Setting a stop-loss is a mandatory requirement for traders, as it necessitates placing a predefined level at which a position will be automatically closed out before initiating any trade.

• The policy of "no weekend holding" implies that traders are prohibited from maintaining open positions over the weekends.

• Engaging in third-party copy trading carries certain risks. When utilizing a third-party copy trading service, it is important to consider that there may already be other traders utilizing the same service and employing identical trading strategies. By relying on a third-party copy trading service, there is a potential risk of being denied a funded account or withdrawal if you surpass the maximum capital allocation rule.

• Utilizing a third-party EA (Expert Advisor) carries inherent risks. When considering the use of a third-party EA, it's important to be aware that other traders may already be employing the same EA, utilizing an identical trading strategy. By utilizing a third-party EA, there is a potential risk of being denied a funded account or withdrawal if you exceed the maximum capital allocation rule.

Master trader program accounts

The master trader program account offered by Funded Trading Plus provides traders with the opportunity to bypass the evaluation phase entirely and begin earning profits right away. Depending on the profits generated while trading with 1:30 leverage, traders are rewarded with profit splits ranging from 70% to 90%.

Master trader program account scaling plan

The master trader program accounts offer a scaling plan, which can be accessed in the provided spreadsheet. To qualify for scaling up your account, the only requirement is to achieve a profit target of 10%. Withdrawals are possible before scaling up, but it is necessary to maintain a minimum of 10% profit in the account to proceed with scaling.

Here's an example to illustrate this process:

Starting account balance: $100,000 Drawdown now fixed at: $100,000 (remaining after withdrawal) New balance after withdrawal: $105,000 ($108,000 - $3,000) New account balance after adding profit: $113,000 ($105,000 + $8,000) Scaled-up account balance: $213,000 ($113,000 + $100,000), with drawdown fixed at $200,000 New balance after withdrawal: $208,000 ($213,000 - $5,000)

This example demonstrates how a trader can manage their account by withdrawing profits along the way while also having the opportunity to scale up.

In the master trader program account, trading instruments include forex pairs, commodities, indices, and cryptocurrencies.

Master trader program account rules

• The maximum trailing drawdown refers to the largest decline in an account's balance from its peak, measured as the difference between the highest achieved account balance and the maximum drawdown. For all account sizes, the maximum trailing drawdown is set at 5%.

• The policy of "no weekend holding" prohibits traders from keeping open positions during weekends.

• When it comes to third-party copy trading, there are inherent risks to consider. By utilizing a third-party copy trading service, it's important to note that other traders may already be employing the same service and thus employing identical trading strategies. Consequently, there is a potential risk of being denied a funded account or withdrawal if you exceed the maximum capital allocation rule while using a third-party copy trading service.

• When it comes to third-party EAs (Expert Advisors), it's important to be aware of the associated risks. By utilizing a third-party EA, it should be noted that other traders may already be utilizing the same EA and employing an identical trading strategy. Consequently, there is a potential risk of being denied a funded account or withdrawal if you exceed the maximum capital allocation rule while using a third-party EA.

What makes Funded Trading Plus different from other prop firms?

Funded Trading Plus stands out among other leading proprietary firms by offering three distinct funding programs: Experienced, Advanced, and Master.

One key differentiating factor is the flexibility they provide in trading style, allowing traders to engage in news trading, hold positions overnight, and trade during weekends (except for the Advanced and Master programs).

In comparison to other prop firms, Funded Trading Plus's Experienced Trader Program functions as an evaluation program, requiring completion of a single phase to become eligible for payouts.

Traders aiming for this program must reach a profit target of 10% while adhering to a 3% maximum daily loss and 6% maximum trailing drawdown rules. Notably, unlike other prominent prop firms, there are no minimum or maximum trading day requirements for the Experienced Trader Program, enabling traders to progress at their own pace.

Conversely, the Advanced Trader Program at Funded Trading Plus follows a two-phase evaluation structure, demanding completion of both phases for payout eligibility.

In the first phase, traders strive for a profit target of 10%, while in the second phase, the target decreases to 5%. Similar to the Experienced Trader Program, the Advanced Trader Program imposes a 5% maximum daily loss and 10% maximum trailing drawdown rules. Furthermore, there are no specific minimum or maximum trading day requirements for the Advanced Trader Program, allowing traders to progress at their preferred pace compared to other leading prop firms.

A comparative example between Funding Trading Plus and True Forex Funds:

A comparative example between Funding Trading Plus and E8 Funding:

Is getting Funded Trading Plus capital realistic?

When evaluating prop firms that align with your forex trading style, it's crucial to assess the realism of their trading requirements. While it may initially sound appealing to come across a company offering a high percentage profit split on a generously funded account, it's important to consider if they expect unrealistically high monthly gains with low maximum drawdown percentages. In such cases, the chances of achieving success can be close to zero.

In the case of Funded Trading Plus, receiving capital from the Experienced Trader Program accounts is deemed realistic. These accounts have an average profit target of 10% and adhere to moderate maximum loss rules of 3% for daily losses and 6% for trailing drawdowns.

Similarly, receiving capital from the Advanced Trader Program accounts is also realistic. These accounts have average profit targets of 10% in the first phase and 5% in the second phase, accompanied by reasonable maximum loss rules of 5% for daily losses and 10% for trailing drawdowns.

The Master Trader Program accounts, which serve as direct funding programs, also offer realistic opportunities to receive capital. With these accounts, there are no specific profit targets to reach, and traders can request withdrawals on a weekly basis.

Taking all these factors into consideration, Funded Trading Plus emerges as an excellent choice for securing funding. The availability of three distinct funding programs provides traders with options that feature realistic trading objectives and conditions for receiving payouts.

Which broker does Funded Trading Plus use?

Funded Trading Plus has partnered with Eightcap, a Melbourne-based broker regulated by ASIC (Australian Securities and Investments Commission). Eightcap, established in 2009, operates with a clear objective of delivering exceptional financial services to its clients. With offices in five locations worldwide and regulatory compliance in multiple jurisdictions, they offer clients from around the globe the opportunity to trade various markets, including FX, indices, commodities, and shares.

At Eightcap, you can choose between two types of accounts: Raw and Standard. The commissions and fees associated with each account type will vary. Standard accounts have fees incorporated into the spread, while Raw accounts have fees in the form of commissions. It's important to consider the overnight fee, which is an interest charged for holding open positions overnight in trading.

As a MetaTrader-exclusive broker, Eightcap offers access to MetaTrader 4 and the newer MetaTrader 5 platforms developed by MetaQuotes Software Corporation. These popular and widely used trading platforms provide traders with advanced tools and features for executing trades and analyzing the markets.

When it comes to trading platforms, you have the option to utilize the following:

• MetaTrader 4
• MetaTrader 5

Trading instruments

Trading fees

Spreads

Traders’ Comments about Funded Trading Plus

Summary

In summary, Funded Trading Plus is a new proprietary trading firm that provides traders with the opportunity to select from three distinct funding programs: Experienced, Advanced, and Master.

The experienced trader program follows an evaluation process where traders must complete a single phase to become eligible for payouts. The program requires achieving a profit target of 10% while adhering to the maximum daily loss of 3% and maximum trailing drawdown of 6% rules. With the experienced trader program, traders can earn profit splits of up to 90% and have the option to scale their accounts.

The advanced trader program follows a standard two-phase evaluation challenge, which must be completed to receive funding and qualify for profit splits. Traders need to reach profit targets of 10% in phase one and 5% in phase two, while staying within the maximum daily loss of 5% and maximum trailing drawdown of 10% rules. Similar to the experienced trader program, traders can earn profit splits of up to 90% and have the opportunity to scale their accounts.