Funded Trading Plus is quickly becoming a top provider in the prop firm industry, thanks to their varied programs, simple regulations, attractive profit splits of up to 90%, and competitive fees. They offer entry-level programs starting from $12,500, allowing trades up to $2,500,000. Their offerings include Forex, indices, commodities, and an extensive crypto selection.
Funded Trading Plus motivates traders to flourish, offering opportunities to trade up to $200,000 accounts and then scale to as much as $2,500,000. There are choices between a single assessment phase, two double assessment phase challenges, or direct funding. Successfully completing these stages can reward you with profit splits of up to 90%.
Who are Funded Trading Plus?
Funded Trading Plus, a proprietary trading firm, was incorporated on November 2, 2021, and officially began operations on December 16, 2021. Located in London, UK, they allow clients to handle accounts with capital up to $200,000, with scaling potential up to $2,500,000. They are technologically integrated with Eightcap, an ASIC-regulated broker in Melbourne, Australia.
Their principal office is at 7 Bell Yard, London, England, WC2A 2JR.
Who is the CEO of Funded Trading Plus?
Simon Massey, CEO of Funded Trading Plus, transitioned from emergency services to financial trading under the guidance of a friend and ex-Wall Street trader. He eventually quit his previous job to become a full-time trader, later co-founding Trade Room Plus, and ultimately establishing Funded Trading Plus to enable individual traders to work with high capital amounts.
Funding program options
Funded Trading Plus offers four unique programs:
- Experienced trader program
- Advanced trader program
- Premium trader program
- Master trader program
Experienced trader program accounts
Traders under this program must meet evaluation requirements with 1:30 leverage and no time constraints. They must reach a 10% profit target without exceeding 3% maximum daily loss or 6% maximum trailing drawdown rules.
Successful evaluation leads to a funded account with no profit targets, only adhering to the same loss and drawdown rules. Profits over $50 can be requested weekly, starting with an 80% profit split, scaling to 90%.
Experienced trader program account scaling plan
Experienced trader program accounts feature a scaling plan detailed in the table above. To qualify for account scaling, a trader must achieve a profit target of 10%. Although withdrawals can be made before scaling up, maintaining a 10% profit in the account is a prerequisite for scaling.
Example of Scaling Plan:
- Starting account balance: $200,000
- Drawdown now fixed at $200,000: $216,000
- New balance after withdrawal of $6,000: $210,000
- New account balance after adding $16,000 profit: $226,000
- Scaled up account with profit and additional $200,000: $426,000, drawdown now fixed at $400,000
- New balance after withdrawal of $10,000: $416,000
The example illustrates how a trader may choose to manage their account by withdrawing profits while also scaling up.
Trading Instruments:For the experienced trader program account, the trading instruments available are forex pairs, commodities, indices, and cryptocurrencies.
Experienced Trader Program Account Rules
Profit Target: The specific percentage of profit a trader must achieve to complete an evaluation phase, withdraw profits, or scale their account. The profit target during the evaluation phase is 10%.
Maximum Daily Loss: The largest loss a trader can incur in a day before violating the account rules. The maximum daily loss for all account sizes is 3%.
Maximum Trailing Drawdown: The highest drawdown allowed, equal to the difference between the highest account balance and the maximum drawdown. The maximum trailing drawdown for all account sizes is 6%.
Third-party Copy Trading Risk: Traders considering copy trading services must understand that using a third-party copy trading service, where others may also be using the same strategy, may lead to denied funding or withdrawal if the maximum capital allocation rule is exceeded.
Third-party EA Risk: Those intending to use an Expert Advisor (EA) must be aware that employing a third-party EA may have similar risks to copy trading. Using an EA that is also used by other traders with the same strategy may result in denied funding or withdrawal if the maximum capital allocation rule is exceeded.
Advanced trader program accounts
Funded Trading Plus’s program for advanced traders aims to discover dedicated and skilled traders, who receive rewards for maintaining consistency during a two-part evaluation period, where trading with a leverage of 1:30 is permitted.
In the first evaluation phase, traders must achieve a 10% profit target without exceeding a daily loss of 5% or a trailing drawdown maximum of 10%. No minimum or maximum trading days are specified to progress to the next phase.
In the second evaluation phase, traders must reach a profit target of 5% without exceeding a 5% maximum daily loss or a 10% maximum trailing drawdown. No restrictions on the minimum or maximum trading days are set to advance to a financed account.
After successfully completing both phases, you gain a financed account with no profit targets, adhering only to a 5% maximum daily loss and a 10% maximum trailing drawdown. You can request your earnings over $50 once a week, beginning with an 80% profit share, potentially increasing to 90% with the initial scaling of the account.
Advanced traders' account scaling plan
There's also a scaling plan for sophisticated trader accounts, as depicted in the table above. Reaching a 20% profit target is the only requirement to become eligible for scaling. Withdrawals can be made prior to scaling, provided the account has a 20% profit.
Example:
$100,000 – initial account balance$116,000 – drawdown now set at $100,000$116,000 – $6,000 = $110,000 – balance post-withdrawal$110,000 + $16,000 = $126,000 – updated account balance$126,000 + $100,000 = $226,000 – account scaled with profit, drawdown now set at $200,000$226,000 – $10,000 = $216,000 – balance post-withdrawalThis example illustrates a potential management strategy where a trader withdraws profits while having the ability to scale up.
The program includes trading in forex pairs, commodities, indices, and cryptocurrencies.
Advanced trader account rules
- Profit target: Required percentage of profit to be obtained before completing an evaluation phase, withdrawing profits, or scaling the account. Phase 1 target is 10%; Phase 2 target is 5%. No targets for financed accounts.
- Maximum daily loss: 5% daily loss cap for all account sizes.
- Maximum trailing drawdown: 10% limit for all account sizes, based on the difference between the peak account balance and the drawdown.
- Stop-loss requirement: Traders must set stop-loss for every position before opening.
- No weekend holding: Open positions during the weekends are prohibited.
- Third-party copy trading & EA risks: Using these services could mean others are using identical strategies, risking denial of funded account/withdrawal if the maximum capital allocation rule is breached.
Premium trader program accounts
Funded Trading Plus’s program for premium traders seeks to find dedicated, gifted traders who are rewarded for sustained performance over a two-stage evaluation period, where trading at 1:30 leverage is permitted.
The first evaluation phase requires achieving an 8% profit target without exceeding a 4% maximum daily loss or 8% maximum trailing drawdown. There's no minimum or maximum trading days to move to phase two.
In the second evaluation phase, traders must attain a 5% profit target without crossing a 4% maximum daily loss or 8% maximum trailing drawdown. No trading day limitations apply to advance to a funded account.
Upon passing both phases, a funded account is granted with no set profit targets. Adherence to a 4% maximum daily loss and 8% maximum trailing drawdown is mandatory. Payout requests are possible when profits exceed $50 weekly, starting with an 80% profit share, potentially going up to 90% with your first scaling.
Premium traders' account scaling plan
The premium trader accounts also have a scaling plan, shown above. A profit target of 10% is the sole condition to qualify for scaling. Withdrawals are possible before scaling if the account shows a 10% profit.
Example:
$100,000 – beginning account balance$108,000 – drawdown stabilized at $100,000$108,000 – $3,000 = $105,000 – balance after withdrawal$105,000 + $8,000 = $113,000 – renewed account balance$113,000 + $100,000 = $213,000 – account scaled with profit, drawdown set at $200,000$213,000 – $5,000 = $208,000 – balance after withdrawal
This example demonstrates a possible approach to managing the account by taking profits while maintaining the ability to scale.
The premium account permits trading in forex pairs, commodities, indices, and cryptocurrencies.
Premium trader account rules
- Profit target: Specific profit percentages required to complete an evaluation phase, withdraw profits, or scale the account. Phase 1 requires 8%; Phase 2 requires 5%. No targets for funded accounts.
- Maximum daily loss: 4% daily loss cap for all account sizes.
- Maximum trailing drawdown: 8% limit for all account sizes, considering the difference between the highest account balance and the drawdown.
- Stop-loss requirement: Traders must set stop-loss for every position before opening.
- No weekend holding: Holding open positions over the weekends is not allowed.
- Third-party copy trading & EA risks: Utilizing these tools might mean others are using similar strategies, risking refusal of funded account/withdrawal if maximum capital allocation rule is violated.
Master Trader Program Accounts
Trading Capital Plus's master trader program account provides the opportunity for traders to bypass the assessment phase entirely, starting off with the ability to earn right from the beginning. Profit divisions are granted from 70% up to 90%, depending on the profits earned, and this occurs with a leverage of 1:30.
Master Trader Program Account Scaling Plan
The master trader program accounts incorporate a scaling plan, depicted in the chart above. To qualify for scaling your account, the sole prerequisite is achieving a profit mark of 10%. Withdrawals before scaling are permissible, but to advance, a 10% profit in the account is essential.
Example:
- $100,000 – initial account sum
- $108,000 – drawdown now secured at $100,000
- $108,000 – $3,000 = $105,000 – revised balance after withdrawal
- $105,000 + $8,000 = $113,000 – refreshed account sum
- $113,000 + $100,000 = $213,000 – expanded account with profit, drawdown now set at $200,000
- $213,000 – $5,000 = $208,000 – new balance post-withdrawal
This instance illustrates a trader's potential approach to managing their account, taking out profits intermittently, and also having the option to escalate.
The trading instruments for the expert trader program account include forex pairs, commodities, indices, and cryptocurrencies.
Master Trader Program Account Rules
- Maximum Trailing Drawdown: Equal to the gap between the highest account balance realized and the maximum drawdown, applicable to all account sizes at 5%.
- No Weekend Holding: Traders are forbidden from retaining open positions during weekends.
- Third-party Copy Trading Risk: Employing copy trading services brings with it the risk of duplication with other traders. Exceeding the maximum capital allocation rule may result in denial of a funded account/withdrawal.
- Third-party EA Risk: Using third-party EAs presents a similar risk as above.
What Sets Trading Capital Plus Apart from Other Prop Firms?
Trading Capital Plus stands apart from many top-tier prop firms by providing four distinct funding programs: Expert, Pro, Elite, and Master. Almost no limitations are imposed on your trading style; trading during news, holding trades overnight, and during weekends are all permitted (except in pro and master programs).
The detailed comparisons with other prop firms are as follows:
Comparison with True Forex Funds:
Comparison with E8 Funding:
Comparison with FTMO:
Comparison with My Forex Funds:
Comparison with Finotive Funding:
Comparison with FundedNext:
Unlike other prop firms, Trading Capital Plus allows traders to trade around the clock and doesn't impose restrictions on trading styles. Through meticulous design, Trading Capital Plus aims to provide a seamless and straightforward experience for traders of all levels. In addition, our program offers more profitability and flexibility than other firms, making us the choice for traders around the globe.
Is it feasible to gain capital through Funded Trading Plus?
Understanding the feasibility of the trading prerequisites is vital when assessing prop firms that align with your forex trading style. For instance, a firm that proposes a significant percentage profit share on an extensively funded account may appear enticing, but if they demand substantial percentage profits monthly along with minimal percentage maximum drawdowns, the likelihood of achieving success dwindles to almost none.
Obtaining capital from the experienced trader program accounts is primarily plausible since these accounts come with a median profit goal (10%) along with standard maximum loss regulations (3% daily maximum and 6% trailing maximum drawdown).
Acquiring capital from the advanced trader program accounts is generally viable, as they feature moderate profit benchmarks (10% in phase one and 5% in phase two) along with regular maximum loss guidelines (5% daily maximum loss and 10% trailing maximum drawdown).
Securing capital from the premium trader program accounts is principally feasible, as they maintain common profit criteria (8% in phase one and 5% in phase two) along with typical maximum loss provisions (4% daily maximum loss and 8% trailing maximum drawdown).
Garnering capital from the master trader programs is also attainable as they are direct funding schemes where earning commences immediately. There are no profit milestones to meet, and withdrawal requests can be made weekly.
Upon reviewing these aspects, Funded Trading Plus emerges as an outstanding option for gaining capital, offering four distinct funding schemes with practical trading goals and stipulations for receiving payouts.
Proof of Payment
Funded Trading Plus, a proprietary trading enterprise, was established on November 2, 2021, and officially began operations on December 16, 2021. The majority of their payment evidence can be found on their Discord, specifically in the “payouts” channel.
An additional means of accessing payment verification is through their YouTube channel where interviews with triumphant traders are conducted.
Which broker is utilized by Funded Trading Plus?
Funded Trading Plus has synchronized its technology with broker Eightcap, a Melbourne-based ASIC-regulated entity in Australia. Established in 2009, their clear-cut mission is to render extraordinary financial services to clients. They operate five international offices and abide by regulations in various locations, enabling global clients to trade across domains such as FX, indices, commodities, and stocks.
Eightcap is regarded as medium-risk, with an overall Trust Score of 73 out of 99. Their offerings encompass:
- Forex Trading
- CFD Trading
- Cryptocurrency Trading
- Social Trading/Copy-Trading
- An aggregate of 326 Tradable Symbols
- A sum of 45 Forex Pairs
Two types of accounts are offered, namely Raw and Standard. Commissions and fees are contingent on the chosen account type. Standard account fees are incorporated into the spread, whereas Raw accounts involve commission fees. An additional cost to bear in mind is the overnight fee, reflecting interest for sustaining an open position overnight in trading.
Being exclusively a MetaTrader broker, their provisions are the MetaTrader 4 and the contemporary MetaTrader 5 platforms by MetaQuotes Software Corporation.
They strive to tailor the trading experience and construct a supremely efficient technology infrastructure for trading, recognized by the accolade for Best Global Forex MT4 Broker 2020 at the Global Forex Awards.
The available trading platforms include:
- MetaTrader 4
- MetaTrader 5
Trading Instruments
The variety trading instruments offered by Trading Capital Plus include forex pairs, commodities, indices, and cryptocurrencies:
Transaction Costs
Trading Commission:
Spread:
To review the live spreads, log in to the trading account as follows:
[Option 1]
Platform: MetaTrader 4
Server: EightcapLtd-Demo2
Login Number: 20073579
Password: FTPNewPW2023!
Download Platform: Click here
[Option 2]
Platform: MetaTrader 5
Sever: Eightcap Demo
Login Number: 930355
Password: FTPTEST1
Download Platform: Click here
Guidance & Assistance for Traders
Funded Trading Plus operates as an arm of Trade Room Plus, inaugurated in 2013, leading the UK’s live trade room designated for retail traders.
Although Funded Trading Plus doesn’t maintain a specific thread on ForexFactory, it has been referenced several times in another thread titled "PROP FIRM HUB," created by a user named Masterrmind.
Click here to view the mentioned thread.
They also offer an orderly dashboard that all clients can utilize, simplifying risk management with a complete view of their statistics.
Observations by Traders Regarding Funded Trading Plus
The community highly commends Funded Trading Plus.
On Trustpilot, a diverse segment of their community has left encouraging comments and exceptional ratings, achieving an exemplary score of 4.9/5 from 1,614 reviews.
Their community also celebrates the prompt and dependable support team that furnishes all the necessary details you need from them or in case you're uncertain about anything. Many in the community also laud their well-arranged dashboard.
Online Presence MetricsFunded Trading Plus maintains an active presence on various social platforms.
They host a:
- Facebook page with 12k followers,
- Twitter profile with 380 followers, and
- YouTube channel with 3.31k subscribers and 30 videos.
Their Discord channel comprises 8,647 members.
Customer Support
Funding Trading Plus offers an FAQ page for additional inquiries.
Support is accessible via social media, or you may directly email them at info@fundedtradingplus.com.
They also provide live chat assistance where messages are responded to, and if they are not immediately available, a response will be sent within 24 hours to your email.
Contact Funding Trading Plus for more details via phone at +44 333 090 9800.
You can also seek assistance on their Discord channel, where the support team and community are available for help with technical concerns.
Final Thoughts
In summary, Funding Trading Plus is a genuine proprietary trading company that grants traders an opportunity to opt between four distinctive funding programs: Experienced, Advanced, Premium, and Master.
The Experienced trader program is an appraisal phase requiring completion of one stage to qualify for payouts. A 10% profit target must be met without exceeding the 3% maximum daily loss and 6% maximum trailing drawdown regulations. Experienced trader programs allow earnings up to 90% profit splits and account scalability.
Advanced trader programs necessitate two-phase completion to get funded and earn profit splits. Traders must achieve 10% and 5% profit targets in phase one and two, respectively, within realistic trading guidelines, including 5% daily loss and 10% trailing drawdown rules. With Advanced trader programs, earn up to 90% profit splits and scale accounts.
Premium trader programs, following industry standards, also need two-phase completion to attain funding and profit splits. Reaching profit targets of 8% in phase one and 5% in phase two is required, with 4% daily loss and 8% trailing drawdown rules. With Premium programs, earn up to 90% profit splits and scale accounts.
Master trader programs are direct funding schemes that enable immediate trading and weekly profit splits without evaluation, time limitations, or consistency rules. Master programs allow 70% to 90% profit splits with account scalability.
As a well-established proprietary trading company, they propose excellent conditions with four different funding programs catering to a broad spectrum of traders with varied trading approaches. After evaluating all that Funded Trading Plus offers, they undoubtedly rank among industry-leading prop firms.
This analysis of Funded Trading Plus was last modified on 02.08.2023 at 09:14 (CE(S)T).
So, what are your opinions on the structure of the Proprietary Trading firm? Does Funded Trading Plus offer the tools you wish to engage with? Lets us know here at DayFunded!
