FUNDED TRADING PLUS REVIEW - Forex Review Global

Funded Trading Plus

Funded Trading Plus is one of the fastest growing prop firm providers. This is not surprising when you see the range of programs they offer.

Funded Trading Plus is one of the fastest growing prop firm providers. This is not surprising when you see the range of programs they offer. They provide simple rules, offer up to a 90% profit split and have competitive pricing. The entry level program starts from $12,500 and you can trade up to $2,500,000. FT+ offers Forex, indices, commodities and the largest crypto offering available.

Funded Trading Plus’s Pros & Cons

Pros

Four different funding programs
Excellent Trustpilot rating of 4.9/5
Excellent support team
Scaling option
Up to $2,500,000 capital
Profit splits up to 90%
A large variety of trading instruments (forex pairs, commodities, indices, cryptocurrencies)
No minimum or maximum trading days
Overnight trading and holding is allowed
News trading allowed

Cons

Leverage up to 1:30
High commission costs on forex pairs
Trailing Drawdown

Funding program options

Funded Trading Plus offers its trader four different programs to choose from:

Experienced trader program
The advanced trader program
Premium trader program
Master trader program

Experienced trader program accounts

Funded Trading Plus experienced trader program account requires traders to meet the evaluation requirements with no time limitations, where you are allowed to trade with 1:30 leverage.

The evaluation phase requires a trader to reach a profit target of 10% while not surpassing their 3% maximum daily loss or 6% maximum trailing drawdown rules. During your evaluation phase, you have no minimum or maximum trading day requirements which means you can trade at your own pace.

By completing the evaluation phase you are awarded a funded account where you have no profit targets. You are only required to respect the 3% maximum daily loss and 6% maximum trailing drawdown rules. You can request your payout by achieving a profit of over $50 once per week. Note that you start with an 80% profit split which can be increased up to 90% when you scale your account for the first time.

Experienced trader program accounts also have a scaling plan. To become eligible to scale your account the only requirement is to reach a profit target of 10%. You can make withdrawals before you scale up. However, you must have 10% profit in the account to scale up.

Example:

$200,000 – starting account balance
$216,000 – drawdown now fixed at $200,000
$216,000 – $6,000 = $210,000 – new balance after withdrawal
$210,000 + $16,000 = $226,000 – new account balance
$226,000 + $200,000 = $426,000 – scaled up account with profit, drawdown now fixed at $400,000
$426,000 – $10,000 = $416,000 – new balance after withdrawal

This example shows us how a trader may decide to manage their account by withdrawing profits along the way while also being able to scale up.

Trading instruments for the experienced trader program account are forex pairs, commodities, indices, and cryptocurrencies.

Account rules

Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. The evaluation phase profit target is 10%.
Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 3%.
Maximum trailing drawdown is the maximum drawdown that is equal to the distance between the highest account balance achieved and the maximum drawdown. All account sizes have a maximum trailing drawdown of 6%.
Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

The advanced trader program accounts

Funded Trading Plus’s advanced trader program account aims to identify serious, and talented traders, who are rewarded for their consistency in the two-phase evaluation period, where you are allowed to trade with 1:30 leverage.

Evaluation phase one requires a trader to reach a profit target of 10% while not surpassing their 5% maximum daily loss or 10% maximum trailing drawdown rules. You have no minimum or maximum trading day requirements in order to proceed to phase two.

Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 10% maximum trailing drawdown rules. You have no minimum or maximum trading day requirements in order to proceed to a funded account.

By completing both evaluation phases you are awarded a funded account where you have no profit targets. You are only required to respect the 5% maximum daily loss and 10% maximum trailing drawdown rules. You can request your payout by achieving a profit of over $50 once per week. Note that you start with an 80% profit split which can be increased up to 90% when you scale your account for the first time.

The advanced trader program accounts also have a scaling plan. To become eligible to scale your account the only requirement is to reach a profit target of 20%. You can make withdrawals before you scale up. However, you must have 20% profit in the account to scale up.

Example:

$100,000 – starting account balance
$116,000 – drawdown now fixed at $100,000
$116,000 – $6,000 = $110,000 – new balance after withdrawal
$110,000 + $16,000 = $126,000 – new account balance
$126,000 + $100,000 = $226,000 – scaled up account with profit, drawdown now fixed at $200,000
$226,000 – $10,000 = $216,000 – new balance after withdrawal

This example shows us how a trader may decide to manage their account by withdrawing profits along the way while also being able to scale up.

Trading instruments for the advanced trader program account are forex pairs, commodities, indices, and cryptocurrencies.

Account rules

Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase 1 profit target is 10% while phase 2 has a profit target of 5%. Funded accounts have no profit targets.
Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 5%.
Maximum trailing drawdown is the maximum drawdown that is equal to the distance between the highest account balance achieved and the maximum drawdown. All account sizes have a maximum trailing drawdown of 10%.
Stop-loss required means that traders must set a stop-loss on every position before they can open a trade.
No weekend holding means that traders are not allowed to hold open positions during the weekends.
Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

Premium trader program accounts

Funded Trading Plus’s premium trader program account aims to identify serious, and talented traders, who are rewarded for their consistency in the two-phase evaluation period, where you are allowed to trade with 1:30 leverage.

Evaluation phase one requires a trader to reach a profit target of 8% while not surpassing their 4% maximum daily loss or 8% maximum trailing drawdown rules. You have no minimum or maximum trading day requirements in order to proceed to phase two.

Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 4% maximum daily loss or 8% maximum trailing drawdown rules. You have no minimum or maximum trading day requirements in order to proceed to a funded account.

By completing both evaluation phases you are awarded a funded account where you have no profit targets. You are only required to respect the 4% maximum daily loss and 8% maximum trailing drawdown rules. You can request your payout by achieving a profit of over $50 once per week. Note that you start with an 80% profit split which can be increased up to 90% when you scale your account for the first time.

Premium trader program accounts also have a scaling plan. To become eligible to scale your account the only requirement is to reach a profit target of 10%. You can make withdrawals before you scale up. However, you must have 10% profit in the account to scale up.

Example:

$100,000 – starting account balance
$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 account balance
$113,000 + $100,000 = $213,000 – scaled up account with profit, drawdown now fixed at $200,000
$213,000 – $5,000 = $208,000 – new balance after withdrawal

This example shows us how a trader may decide to manage their account by withdrawing profits along the way while also being able to scale up.

Trading instruments for premium trader program account are forex pairs, commodities, indices, and cryptocurrencies.

Account rules

Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase 1 profit target is 8% while phase 2 has a profit target of 5%. Funded accounts have no profit targets.
Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 4%.
Maximum trailing drawdown is the maximum drawdown that is equal to the distance between the highest account balance achieved and the maximum drawdown. All account sizes have a maximum trailing drawdown of 8%.
Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

Master trader program accounts

Funded Trading Plus’s master trader program account allows traders to skip the evaluation altogether and start earning from the start. You are awarded 70% all the way up to 90% profit splits based on the profit you make while trading with 1:30 leverage.

The master trader program accounts also have a scaling plan. To become eligible to scale your account the only requirement is to reach a profit target of 10%. You can make withdrawals before you scale up. However, you must have 10% profit in the account to scale up.

Example:

$100,000 – starting account balance
$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 account balance
$113,000 + $100,000 = $213,000 – scaled up account with profit, drawdown now fixed at $200,000
$213,000 – $5,000 = $208,000 – new balance after withdrawal

This example shows us how a trader may decide to manage their account by withdrawing profits along the way while also being able to scale up.

Trading instruments for the master trader program account are forex pairs, commodities, indices, and cryptocurrencies.

Account rules

Maximum trailing drawdown is the maximum drawdown that is equal to the distance between the highest account balance achieved and the maximum drawdown. All account sizes have a maximum trailing drawdown of 5%.
No weekend holding means that traders are not allowed to hold open positions during the weekends.
Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

What makes Funded Trading Plus different from other prop firms?

Funded Trading Plus isn’t a cookie cutter of FTMO, like most prop firms these days. In fact, they’ve got a fairly unique offering in many ways that sets them apart from other prop firms…

Live Trading Capital

Funded Trading Plus offer their funded traders with live/real trading capital, rather than demo capital meaning you can go onto managing large funds from private investors with your track record.

Instant Funding

They’re offering the ‘Master Trader’ account which is instant funding, meaning you can get funded in minutes and start making profits to withdraw! This is similar to the old BluFx offering, for those of you inpatient traders that remember this.

One Step Evaluation

They also offer a one step evaluation account, meaning you won’t need to complete the standard ‘2 step’ verification process that most firms offer traders. In theory, this will get you funded faster and mean that you’re more likely to pass!

Crypto Markets

These guys offer 250+ crypto pairs on top of the usual forex, crypto, indices and commodities offered. This is going to be hugely useful for those traders looking to speculate in other markets or specialise in Crypto.

No Time Limits

Funded Trading Plus doesn’t impose time limits on their traders, ever. This is different to almost any other firm, and it really allows traders to take their time with the evaluation phase. This is a huge plus in my eyes.

Up to 90% Profit Split & Day One Payouts

Upon achieving your first 20% profit on your funded account you will be upgraded to a brilliant 90/10 profit split. They also offer the chance to receive a payout on the same day you become funded!

Most Trusted In The Industry

These guys are the highest rated on TrustPilot of any prop firm; boasting a 4.9/5 star rating with 1378 verified customer reviews, it’s nearly impossible to find anyone with a negative word to say about Funded Trading Plus. They seem to be one of the most trusted of any firm with incredible brand loyalty from their customers!

Scaling Plan

Funded Trading Plus offers by far the most achievable and rewarding scaling plan in the entire industry. It’s extremely simple; everytime a trader makes 10% profit they become eligible to scale their account by 2x in size! The Funded Trading Plus team however does recommend for traders to reach 13% profit before initiating the scaling; this is to leave a drawdown buffer for trading on the new larger account.

This is the most achievable of all of the major funding companies’ scaling plans; especially when combined with their no time limit approach!

They Don’t:

Force traders to wait several months per each scale
Force consistency rules over a period of time (make a profit percentage each month for four months)
Prevent traders from withdrawing any of their own profit before or after they scale
Have a minimum number of trades required for scaling

They Do:

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 balance on their account

Funded Trading Plus Platforms

In terms of trading platforms, many prop firms don’t offer a great deal outside of the MetaTrader suite. This is simply due to the fact that 90% of retail traders like to use MetaTrader for trading!

Funded Trading Plus are powered by Eightcap, a popular forex trading brokerage firm. Eightcap offer MT4 and MT5 as their platforms of choice, meaning that’s what you’ll be able to trade on as a funded trader.

Conclusion

In conclusion, Funding Trading Plus is a legitimate proprietary trading firm that offers traders a chance to choose between four different funding programs: Experienced, Advanced, Premium, 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.

Premium trader programs are also 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 8% in phase one and 5% in phase two before becoming funded which are realistic trading objectives considering you have a 4% maximum daily loss and 8% maximum trailing drawdown rules to follow. With premium trader programs, you can earn up to 90% profit splits while also being able to scale your accounts.

Master trader programs are actually 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.

I would recommend Funded Trading Plus to anyone who is looking for a prop firm with straightforward trading rules. They are a well-established proprietary trading firm that offers excellent conditions with four different funding programs to choose from that target a big pool of individuals with unique trading styles. After considering everything Funded Trading Plus has to offer, they are for sure one of the industry-leading prop firms.