Funded Trading Plus Review 2024: Is the prop firm a scam or legit? (2024)

Funded Trading Plus Overview

What is Funded Trading Plus?

Funded Trading Plus is a platform tailored for aspiring traders. It proposes a model that bolsters trading talents worldwide, allowing individuals to unleash their simulated trading potential without fiscal constraints.

Simon M., the adrenaline-fuelled Managing Director, transitioned from a decade-long career in emergency services to the exhilarating world of trading. His trading journey began under the mentorship of Pasha, an ex-city trader. Simon’s first-hand experience with the advantages of trading with substantial capital inspired the foundation of Funded Trading Plus. His vision? To equip traders with adequate capital, replicating the advantages he experienced firsthand.

James F., the Director of Operations, channels his expertise as a data-driven technical solutions architect into the backbone of Funded Trading Plus. Transitioning from a corporate career, James ventured into building tech-driven trading solutions, including an automated signal placing system. In partnership with Simon and Michael, he’s been instrumental in developing the robust and reliable infrastructure of Funded Trading Plus.

Michael C., the Director of Strategic Overview, steered his personal financial crisis into a triumph by taking control of his finances following the 2008 financial meltdown. Through consistency and determination, he developed effective trading strategies, which he now aims to share with others through Funded Trading Plus.

Funded Trading Plus emerged from Trade Room Plus, a trade room for retail traders. Recognising the common challenge of limited trading capital, the team behind Funded Trading Plus endeavored to create a platform that would alleviate this inequality.

In building Funded Trading Plus, the founders collaborated with trading experts from Wall Street and the City of London, ensuring their platform stands superior to its competitors. Rather than merely offering trading programs, Funded Trading Plus ties its business model closely with the success of its traders, offering proper funding and support for successful traders.

Emphasizing inclusivity, Funded Trading Plus welcomes traders from all walks of life and locations. Their vision sees no boundaries of age or location when it comes to trading talent. Whether you’re a retired trader from the Chicago pits, a millennial in Boise, Idaho, or a farmer in Yorkshire, Funded Trading Plus offers a viable avenue to take control of your financial future.

External Funded Trading Plus Review & Ratings

Here are some reviews from traders who have experienced the platform firsthand:

“One of the most transparent and best prop firm put there, pass my phase one and two within 4 days with no hassle looking forward to trade with ftp+.”

“Funded Trading Plus has been a great journey for me because of the amazing rules it has for passing the evaluation step. The rules it has made it way easier for me to trade without worrying too much about losing my account. I would love to share this experience with others and ask my friend to join this amazing firm.”

“I began my trading journey around 9 months ago and within this last month I decided I was ready for a funded account. I wasn’t sure which prop firm I should go with until I came across FTP. I LOVED the no time limit on passing the evaluation as I’m also a fulltime student and was not able to be in the charts everyday. So far I have loved my experience and am glad to be apart of the community!”

“What made my experience great was the fact that the service was faultless and the replies are almost instant. The platform is the best and the love spread is also low.”

How Does Funded Trading Plus Work?

Getting onboard with Funded Trading Plus is straightforward. Traders opt for one of the evaluation accounts, which differ based on the chosen account size.

The evaluation program consists of two phases: the assessment phase and the simulated trading phase. In the assessment phase, traders strive for a specified profit target. Funded Trading Plus provides unlimited time to achieve this goal, letting traders trade at their pace.

After successful completion, traders can engage in the simulated trading environment. They also gain access to a dashboard to manage their account and track progress.

Different Account Options

Funded Trading Plus offers a wide array of account options to suit different types of traders and their trading needs. The three main programs are the Experienced Trader Program, Advanced Trader Program, and Master Trader Program.

1. Experienced Trader Program

This program has been specifically designed for traders with a good amount of experience in the markets. The salient features of this program are:

• Evaluation Type: Single Phase
• Profit Split: 80/20, with the potential to go up to 100.
• Profit Target: 10%
• Simulated Loss: Relative Simulated Loss is 6% and Daily Simulated Loss is 3%
• Trading Platform: MT4 or MT5
• Account Size: Ranges from $12,500 to $200,000
• Refundable Fee: Starts at $119 and goes up to $999 depending on the account size
• Minimum Trading Days: None

Notably, this program doesn’t impose any time limits or charge monthly fees. The aim is to encourage traders to not rush their trades but to execute well-considered trading decisions. Moreover, traders can level up their account balance up to $2,500,000 on achieving the 10% profit target.

2. The Advanced Trader Program

This program provides one key advantage over the Experienced Trader Program: a higher maximum Simulated Loss. It is suitable for traders who prefer to have more flexibility in terms of Simulated Loss limits.

• Evaluation Type: Two Phases
• Profit Split: 80/20, with the possibility to increase to 90/10 and eventually 100.
• Profit Target: 10% for Phase 1 and 5% for Phase 2
• Simulated Loss: Relative Simulated Loss is 10%, Daily Simulated Loss is 5%
• Trading Platform: MT4 or MT5
• Account Size: Varies from $25,000 to $200,000
• Refundable Fee: Starts from $199 and increases to $999 depending on account size
• Minimum Trading Days: None

Just like the Experienced Trader Program, Advanced Traders can compound their profits and scale their accounts. The dual evaluation stages help the firm manage risk while ensuring enough capital for successful advanced traders.

3. Master Trader Program

The Master Trader Program stands out as an instant funding program that skips the evaluation phase. It’s suitable for successful traders looking to build their trading capital quickly.

• Evaluation Type: Instant Funding (No Evaluation)
• Profit Split: 80/10, with the potential to rise to 100 upon 30% profit
• Simulated Loss: Relative Simulated Loss is 5% of the starting balance
• Trading Platform: MT4 or MT5
• Account Size: Ranges from $5,000 to $100,000
• One-Time Fee: Ranges from $225 to $4,500 based on the chosen account size
• Minimum Trading Days: None

This program has a unique feature: a 5% trailing Simulated Loss and a 5% profit target. Once the profit target is achieved, the trailing aspect of the Simulated Loss is removed, providing an opportunity for successful traders to build capital swiftly.

For all the programs, remember that the prices shown exclude VAT. Customers from the UK and Europe will have VAT added at checkout. Also, the refundable fee and one-time fee depend on the chosen account size.

Withdrawal rules

Traders start with an initial balance in their simulated trading account. Initially, profits are divided under an 80/20 split. Once traders reach a 20% profit, the profit-sharing ratio is adjusted to a 90/10 split. If a trader’s profit exceeds a certain amount, they can request their performance-based commission.

Who is Funded Trading Plus Best For?

Funded Trading Plus caters to:

• Simulated Traders: Their programs and commission splits appeal to those who enjoy simulated trading.
• Day Traders: Their services target individuals who appreciate day trading.
• Traders Seeking Flexibility: Funded Trading Plus accepts an array of trading strategies.

What are The Benefits?

Choosing Funded Trading Plus offers the following benefits:

• Flexibility: The firm offers programs suitable for both beginners and experienced traders, with a range of account sizes and generous profit splits.
• No Time Restrictions: Funded Trading Plus provides unlimited time to achieve the profit goals during the assessment phase.
• Wide Range of Trading Strategies: The firm accepts a variety of trading strategies, providing more flexibility for traders to meet their profit targets.
• Simulated Trading Experience: Empowers trading enthusiasts with simulated accounts to engage in the financial market.
• Master Trader Program: A commitment to quick and proper funding, ensuring traders have adequate capital.
• Single-Phase Evaluation: Streamlined process without prolonged time limitations, designed for a faster onboarding experience.
• Diverse Trading Offerings: Features over 250 crypto pairs alongside forex, indices, and commodities, catering to various trading styles.
• Profit Split Structure: Starts at 80%, ffter securing a 20% profit, traders enjoy a 90/10 split, and then 100% after 30% profit.
• TrustPilot Score: A high rating of 4.9/5 from 1870 reviews, reflecting excellent customer service and a positive experience.
• Scaling Plan: Opportunity to double account size after a 10% profit, though aiming for 13% is advised for added safety.
• Experienced Founders: Led by ex-city traders who have been active and mentoring since 2013, bringing a wealth of expertise.
• Customized Trading Programs: Tailored programs based on in-depth research, ensuring traders aren’t limited to standardized sets.
• Customer Service: The firm has received positive reviews for its excellent customer service, with a special mention of Simon Massey, who is often praised for his helpful and responsive nature.
• Unwavering Support: With Funded Trading Plus by your side, your primary focus remains crystal clear: Trade. They’ve got your back, handling everything else.
• Expert Backing: Since 2013, the founders have been molding traders. And they aren’t just mentors; they’re active traders themselves.

Limitations of Funded Trading Plus

Despite the many benefits, it’s also important to consider the limitations of Funded Trading Plus:

• No Overnight Trading: Funded Trading Plus does not allow holding positions overnight, which could limit some trading strategies.

Final Thoughts

The journey towards financial independence through trading can be a challenging one. However, with platforms like Funded Trading Plus, the road becomes less arduous. This revolutionary platform, grounded in the experiences and expertise of its founders, seeks to empower traders by eliminating the capital constraints that often hinder progress. Their commitment to the success of their traders, bolstered by a robust technical infrastructure and world-class expertise, is an invaluable resource in today’s trading landscape.

Funded Trading Plus acknowledges that talent knows no boundaries—be it age, location, or background. Their inclusive platform creates a global community of traders, empowering them to take control of their financial future. It’s a place where you can trade like a pro, with the backing of substantial capital, much like the trading gurus of Wall Street or the City of London.

The path to a successful trading career might not be easy, but with the right tools and resources, you can navigate it with confidence. If you’re ready to take the plunge into funded trading, consider Funded Trading Plus as your partner on this journey.

Ready to start your journey? Take advantage of our exclusive offer: use the coupon code MODEST for a 10% discount on your next step with Funded Trading Plus.

Frequently Asked Questions

From the moment traders are funded, you have the option to withdraw on the very first day. Thanks to the One-Step, instant funding accounts, the entire sequence of evaluation, setting up a simulated trading account, and requesting a withdrawal could take as little as three days.

FTP operates all accounts on either MT4 or MT5. Both platforms rank among the top user-friendly forex trading systems available. Eightcap is the recommended broker. It offers one of the most extensive market variety and boasts some of the narrowest spreads. Additionally, Eightcap holds major international regulatory certifications.

At this time, Funded Trading Plus does not offer a free trial.

Funded Trading Plus does allow EAs, but they do consider certain strategies, like grid trading, as abusive strategies and a violation of their trading rules.

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