An Updated Review of Funded Trading Plus
Greetings, everyone! We're excited to present an updated review today, focusing on Funded Trading Plus and the recent developments in their offerings since our last evaluation. Funded Trading Plus has been a well-established player in the proprietary trading industry, continuously expanding its reach and drawing traders from around the world.
Since their inception, Funded Trading Plus has remained an enticing choice for traders globally. In this comprehensive update, we will delve into what Funded Trading Plus now offers to traders.
As always, we encourage you to read this article to its end, as we have a special discount code prepared for those interested in their attractive funding programs. Without further ado, let's jump right in.
Funded Trading Plus - A Well-Established Player in the Industry
Alright, folks, when you visit the Funded Trading Plus website, you'll discover that they stand out as one of the leading proprietary trading firms in the entire industry. They made their debut in November 2021, and since then, they've witnessed remarkable growth.
One remarkable feature of Funded Trading Plus is that they offer traders the flexibility to select from four distinct funding programs. These programs accommodate account sizes ranging from $5,000 up to $200,000, and even allow for scaling up to $2.5 million.
Now, let's take a closer look at the various funding program options that Funded Trading Plus provides to its traders. They offer four unique choices: the Experienced Trader Program, the Advanced Trader Program, the Premium Trader Program, and the Master Trader Program.
The Experienced Trader Program - A Closer Look
Now, let's delve into the Experienced Trader Program. With this account, you have the flexibility to trade with a leverage of 1:30. To successfully complete this phase, you're required to achieve a profit target of 10%. It's important to note that you can't exceed the 3% maximum daily loss or the 6% overall maximum trailing drawdown limits.
The Experienced Trader Program
| Capital | $15,000 | $30,000 | $60,000 | $125,000 | $250,000 |
|---|---|---|---|---|---|
| Targets | 10% | 10% | 10% | 10% | 10% |
| Profit Split | 80/20 Initially | 80/20 Initially | 80/20 Initially | 80/20 Initially | 80/20 Initially |
| Minimum Trading Days | 0 Days | 0 Days | 0 Days | 0 Days | 0 Days |
| Time Limit | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
| Daily Starting Drawdown | 3% | 3% | 3% | 3% | 3% |
| Overall Relative Drawdown | 6% | 6% | 6% | 6% | 6% |
| Available Leverage | Up to 1:30 | Up to 1:30 | Up to 1:30 | Up to 1:30 | Up to 1:30 |
| Refundable Fee | 119$ | 199$ | 349$ | 499$ | 999$ |
During the evaluation phase, there are no specific minimum or maximum trading day requirements, providing you with the freedom to trade at your own pace. Once you successfully navigate the evaluation phase, you'll be rewarded with a funded account.
When you hold a funded account, you no longer have profit targets to meet. Instead, you can request payouts by achieving a profit of over $50 once per week. To kickstart your trading journey, you begin with an 80% profit split, and this can increase to 90% when you scale your account for the first time.
Funded Trading Plus offers a straightforward scaling plan. To become eligible to scale up your account, the only requirement is to reach a profit target of 10%. This means you can make withdrawals before scaling up; however, you must have 10% profit in your account to initiate the scaling process. This approach provides a convenient way to access additional capital if you consistently demonstrate profitability.
For trading instruments in the Experienced Trader Program account, you have access to a range of options, including forex pairs, commodities, indices, and cryptocurrencies.
The Advanced Trader Program - A Distinct Approach
Now, let's turn our attention to the Advanced Trader Program account and explore what sets it apart.
Advanced Trader Program
| Capital | $25,000 | $50,000 | $100,000 | $200,000 |
|---|---|---|---|---|
| Targets | Phase I- Propfit Target = 10%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 10%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 10%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 10%, Phase II- Profit Target = 5% |
| Profit Split | 80/20 Initially | 80/20 Initially | 80/20 Initially | 80/20 Initially |
| Minimum Trading Days | 0 Days | 0 Days | 0 Days | 0 Days |
| Time Limit | Unlimited | Unlimited | Unlimited | Unlimited |
| Daily Starting Drawdown | 5% | 5% | 5% | 5% |
| Overall Relative Drawdown | 10% | 10% | 10% | 10% |
| Available Leverage | upto 1:30 | upto 1:30 | upto 1:30 | upto 1:30 |
| Refundable Fee | 199$ | 349$ | 499$ | 999$ |
Similar to the previous account, the leverage for this program is 1:30. In Phase 1, traders are required to achieve a profit target of 10%, with the condition of not exceeding a 5% maximum daily loss or a 10% overall maximum trailing drawdown.
One noticeable difference is that there are no specific minimum or maximum trading day requirements to progress to Phase 2, which is a notable advantage.
In Phase 2 of the evaluation, traders need to reach a profit target of 5%, while ensuring they don't exceed a 5% daily loss or a 10% overall drawdown, just like in Phase 1. Again, there are no specific minimum or maximum trading day requirements to proceed to a funded account.
Upon successfully completing both evaluation phases, traders receive a funded account with no profit targets. This is a significant advantage, allowing for a more flexible trading approach.
For payouts, you can request them by achieving a profit of over $50 once per week. Your journey begins with an 80% profit split, which can increase to 90% when you scale your account for the first time.
Regarding the scaling plan, to become eligible to scale your account in the Advanced Trader Program, the sole requirement is to reach a profit target of 20%. This means you can make withdrawals before scaling up, but you must have a 20% profit in your account to initiate the scaling process.
The trading instruments available in the Advanced Trader Program account include forex pairs, commodities, indices, and cryptocurrencies.
The Premium Trader Program - Versatility in Trading
Now, let's explore the Premium Trader Program account offered by Funded Trading Plus. Once again, the leverage stands at 1:30. In Phase one, traders are required to reach a profit target of 8%, with the stipulation that they do not exceed a 4% maximum daily loss or an 8% maximum trailing drawdown.
Premium Trader Program
| Capital | $25,000 | $50,000 | $100,000 | $200,000 |
|---|---|---|---|---|
| Targets | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% |
| Minimum Trading Days | 0 Days | 0 Days | 0 Days | 0 Days |
| Profit Split | 80/20 Initially | 80/20 Initially | 80/20 Initially | 80/20 Initially |
| Time Limit | Unlimited | Unlimited | Unlimited | Unlimited |
| Daily Starting Drawdown | 4% | 4% | 4% | 4% |
| Overall Relative Drawdown | 8% | 8% | 8% | 8% |
| Available Leverage | upto 1:30 | upto 1:30 | upto 1:30 | upto 1:30 |
| Refundable Fee | 247$ | 397$ | 547$ | 1097$ |
Similar to the previous programs, there are no specific minimum or maximum trading day requirements to proceed to Phase two, providing traders with the flexibility to work at their own pace. In Phase two of the evaluation, traders must reach a profit target of 5%, without surpassing the 4% maximum daily loss or the 8% overall maximum loss rules.
Once again, there are no specific minimum or maximum trading day requirements to progress to a funded account. Completing both evaluation phases earns you a funded account, which comes with no profit targets.
The payout process remains consistent; you can request a payout by achieving a profit of over $50 once per week. You'll initiate your trading journey with an 80% profit split, which has the potential to increase to 90% when you scale your account for the first time.
With regard to scaling, in the Premium Trader Program, the requirement is to reach a 10% profit target. Just as before, you can make withdrawals before scaling up, but you must have a 10% profit in the account to proceed with the scaling process, allowing you to access additional capital.
Trading instruments available in the Premium Trader Program account include forex pairs, commodities, indices, and cryptocurrencies, providing a diverse range of options.
The Master Trader Program - Skip the Evaluation Phase
Now, let's turn our attention to the Master Trader Program. An interesting feature of this program is that you can skip the evaluation phase altogether, allowing you to start earning from the very beginning. The only requirement is to adhere to the 5% maximum Trailing drawdown rule.
Master Trader Program
| Capital | $5,000 | $10,000 | $25,000 | $50,000 | $100,000 |
|---|---|---|---|---|---|
| Profit Split | 70/30 Initially | 70/30 Initially | 70/30 Initially | 70/30 Initially | 70/30 Initially |
| Minimum Trading Days | 0 Days | 0 Days | 0 Days | 0 Days | 0 Days |
| Time Limit | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
| Daily Starting Drawdown | No Daily Loss Limit | No Daily Loss Limit | No Daily Loss Limit | No Daily Loss Limit | No Daily Loss Limit |
| Overall Relative Drawdown | 5% | 5% | 5% | 5% | 5% |
| Available Leverage | Up to 1:30 | Up to 1:30 | Up to 1:30 | Up to 1:30 | Up to 1:30 |
| Refundable Fee | 225$ | 450$ | 1125$ | 2250$ | 4500$ |
In the Master Trader Program, accounts come with profit splits ranging from 70% all the way up to 90%. This is determined based on the profit you generate while trading with a 1:30 leverage.
Similar to the other programs, the scaling plan is consistent. To become eligible to scale your account, you must reach a 10% profit target. Before making withdrawals, it's essential to ensure that you have 10% profit in the account to initiate the scaling process, allowing you to access additional capital.
For trading instruments, the Master Trader Program offers a variety of options, including forex pairs, commodities, indices, and cryptocurrencies.
When considering the overall key rules, traders are expected to adhere to several important rules, which include the maximum trailing loss limit, no weekend holding, and being cautious about third-party copy trading risk and third-party EA risk.
Education and Support for Traders
Let's also discuss the education and support available for traders. Funded Trading Plus, as an extension of Trade Room Plus, places a strong emphasis on providing educational resources for their traders. They offer a blog section that provides valuable insights and information to benefit all of their traders.
Upon entering their well-structured dashboard, you'll find a wealth of information at your fingertips. Funded Trading Plus is committed to supporting all of their clients, a crucial factor in ensuring traders' success.
Community Feedback - TrustPilot Reviews
Now, let's turn our attention to TrustPilot reviews to gauge the community's feedback. Funded Trading Plus boasts an impressive score of 4.9 out of 5 from a multitude of reviews. The overall sentiment for Funded Trading Plus is overwhelmingly positive, with the majority of the community praising their Fast and Reliable Support Team, the wealth of information they provide, and their well-structured dashboard.
Funded Trading Plus seems to be hitting all the right marks. However, as always, it's crucial to conduct your own due diligence and thoroughly review the feedback. Every comment, whether positive or negative, holds value. But the overall sentiment is undeniably strong and positive for Funded Trading Plus.
Why Funded Trading Plus Stands Out
So, what sets Funded Trading Plus apart from the rest? One of the primary distinctions is that Funded Trading Plus is an extension of Trade Room Plus, which was established in 2013 as an educational platform for traders. This background in education lends them a solid foundation.
In terms of the actual trading objectives for traders, they stand out by offering four unique trading programs designed to cater to a variety of trading styles. Importantly, they don't restrict your trading style, allowing you to trade during news events and hold trades overnight on all funding programs.
Funded Trading Plus prides itself on simple and transparent rules. Overall, we consider Funded Trading Plus an excellent choice for those seeking funding. However, the key question is whether it's realistic to secure the capital you need.
As always, it's essential to carefully review the objectives to make that determination. Funded Trading Plus is an excellent choice because it offers four different funding programs with realistic trading objectives and conditions for receiving payouts.
Funding Programs and Trading Platforms
Regarding brokerage at Funded Trading Plus, they have a partnership with Eightcap, an ASIC-regulated broker. This partnership allows all their clients worldwide to trade on various markets, including Forex, indices, commodities, and shares.
As for trading platforms on Funded Trading Plus, you have the option to use MetaTrader 4 or MetaTrader 5, regardless of the funding program you choose.
Funded Trading Plus - A Strong Recommendation
Funded Trading Plus receives a strong recommendation in our eyes for anyone in search of a proprietary trading firm with clear and accommodating trading rules that cater to traders of all levels, whether you're a beginner or advanced.
After considering everything that Funded Trading Plus has to offer, and we could go on for much longer, it's evident that they stand out as one of the industry-leading proprietary trading firms.
When you sign up for a Funded Trading Plus, you can enjoy an 10% discount by using the discount code MYFOREXBUDDY.
That concludes our discussion about Funded Trading Plus. We hope you found this article both enjoyable and informative, which is our primary goal. Your viewership is greatly appreciated, and we look forward to seeing you in the next article. Take care in the meantime!