Are you looking for a prop firm with a funded trading program that delivers great results? Funded Trading Plus might be the prop firm for you. With a focus on providing excellent customer service and a commitment to helping traders succeed, Funded Trading Plus has become one of the best-funded trading programs available.
At Funded Trading Plus, you can trade with simulated funds and get paid out in real funds in as little as one day. The program offers a range of evaluation tests, including the Master Trader Program and the Experienced Trader Program, that allow traders to demonstrate their skills and earn funding. With a maximum simulated loss allowance of 6% and the ability to scale up your account, Funded Trading Plus provides a flexible and supportive environment for traders to grow and succeed.
If you’re looking for a funded trading program that offers excellent customer service, flexible funding options, and a commitment to helping traders succeed, Funded Trading Plus might be the right choice for you. Keep reading to learn more about this top-rated prop firm and how it can help you achieve your trading goals.
Overview of Funded Trading Plus
Funded Trading Plus is a service that offers traders access to funded trading capital. The package includes a variety of courses, lifetime access to the Trade Room Plus Live Trade Room, and direct access to a professionally funded trader. The service is an extension of Trade Room Plus, which was the UK’s premier live trade room for retail traders and has been around since 2013.
The CEO of Funded Trading Plus is not mentioned in the search results, but the website provides a lot of information about the service. The service is not a broker or a platform but a proprietary trading firm, rather a way for traders to gain access to funding for their trading activities.
Funded Trading Plus offers a simulated-live funded trading account, which means that traders can trade with simulated funds and get paid out in real funds in as little as one day. The service also offers an Experienced Trader Program, in which an advanced trader has a total maximum simulated loss allowance of $6,000 or 6% of the simulated balance in the account.
The service is confident in its approach to identifying toxic trading methods and banning traders who use them. Funded Trading Plus provides a one-on-one goals session with a professionally funded trader to help traders set and achieve their goals.
Overall, Funded Trading Plus is a service that offers traders access to funded accounts, trading capital and a variety of courses and resources to help them succeed.
Evaluation Process
If you are interested in getting funded by Funded Trading Plus, you will need to go through an evaluation process. This process is designed to assess your trading skills and determine if you are eligible to receive funding. In this section, we will discuss the different phases of the evaluation process and what you can expect.
Evaluation Phase
The evaluation phase is divided into two stages. In the first stage, you will be given a simulated trading account with a starting balance of $50,000. You will have to trade this account for a minimum of 10 trading days and reach the evaluation target. During this phase, you will be able to trade all the markets and instruments available on the platform.
In the second stage, you will be given a new simulated trading account with a starting balance of $100,000. You will have to trade this account for a minimum trading day of 20 trading days and reach the evaluation target. During this phase, you will be able to trade all the markets and instruments available on the platform.
Evaluation Target
The evaluation target is the minimum profit you need to make during the evaluation assessment phase to be eligible for funding. The evaluation target is based on your starting balance and is calculated as a percentage of your starting balance. For example, if your starting balance is $50,000, your evaluation target will be $5,000 or 10% of your starting balance. If your starting balance is $100,000, your evaluation target will be $10,000 or 10% of your starting balance.
It is important to note that there are rules and time limits that you must follow during the evaluation process. For example, you cannot exceed your maximum daily loss limit, and you cannot hold positions during overnight trading only. Additionally, you must reach your evaluation target within the specified number of trading days.
In conclusion, the evaluation process is designed to assess your trading skills and determine if you are eligible to receive funding from Funded Trading Plus. The process is divided into a single phase and two stages, and you must reach the evaluation target within the specified time limit to be eligible for funding.
Account Types
Funded Trading Plus offers three different types of accounts: Experienced Trader, Master Trader, and Premium Trader. Each account type has different requirements and benefits.
Experienced Trader Account
The Experienced Trader Account is designed for advanced traders who have some experience in trading but are not yet profitable. The account size is $200,000, and traders are required to pass a trading evaluation before they can start trading with real funds. The evaluation includes a set of trading rules that traders need to follow, and they must meet certain profit targets without exceeding a maximum drawdown.
Once a trader passes the evaluation, they will receive a funded account with $200,000 in simulated funds. The trader can trade with these funds and keep up to 80% of the profits they make in a live account. The account size can be increased up to $400,000 by meeting certain profit targets.
Master Trader Account
The Master Trader Account is designed for traders who have a proven track record of profitability. The account size is $400,000, and traders are required to pass a trading evaluation before they can start trading with real funds. The evaluation includes a set of trading rules that successful traders need to follow, and they must meet certain profit targets without exceeding a maximum drawdown.
Once a trader passes the evaluation, they will receive a funded account with $400,000 in simulated funds. The trader can trade with these funds and keep up to 80% of the profits they make in an instant funding account. The account size can be increased up to $2,500,000 by meeting certain profit targets.
In conclusion, Funded Trading Plus offers different account types for traders with different levels of experience. The account sizes range from $200,000 to $2,500,000, and traders can keep up to 80% of the profits they make. By passing a trading and evaluation program and meeting certain profit targets, traders can increase their account size and trade with real funds.
Profit and Loss Policies
When it comes to funded trading, it’s important to understand the profit and loss policies put in place by the prop firm. Funded Trading Plus has several policies in place to ensure that traders are managing their risk and not taking on excessive losses. Here are some of the key policies to be aware of:
Profit Target
Funded Trading Plus has a profit target that traders must reach in order to keep their funded account. The profit target varies depending on the account size but generally ranges from 5% to 10% of the account balance. Traders have up to 6 months to reach the profit target, and if they fail to do so, their account may be closed.
Maximum Drawdown
Maximum drawdown is the maximum amount of money a trader can lose before their account is closed. Funded Trading Plus has a maximum drawdown policy that varies depending on the account size. For example, a $50,000 account has a maximum drawdown of $3,000, while a $100,000 account has a maximum drawdown of $6,000. If a trader exceeds the maximum drawdown, their account may be closed.
Relative Drawdown
Relative drawdown is the percentage of the account balance lost from the highest point to the lowest point. Funded Trading Plus has a relative drawdown policy that varies depending on the account size. For example, a $50,000 account has a relative drawdown of 6%, while a $100,000 account has a relative drawdown of 4%. If a trader exceeds the relative drawdown, their account may be closed.
Daily Drawdown
Daily drawdown is the maximum amount of money a trader can lose in a single day. Funded Trading Plus has a daily drawdown policy that varies depending on the account size. For example, a $50,000 account has a daily drawdown of $1,500, while a $100,000 account has a daily drawdown of $3,000. If a trader exceeds the daily drawdown, their account may be closed.
It’s important to keep in mind that these policies are put in place to protect both the trader and the prop firm. By managing risk and following these policies, traders can increase their chances of success and potentially earn a profit.
Trading Platforms
When it comes to trading platforms, Funded Trading Plus offers a few options to choose from. Each platform has its own unique features and advantages. Here are the three main platforms you can use:
FTMO
FTMO is a popular trading platform that offers a variety of tools and resources to help traders succeed. With FTMO, you can trade a range of instruments, including forex, commodities, and indices. The platform also offers a variety of expert advisors that can help you automate your trades and maximize your profits.
EightCap
EightCap is another popular trading platform that is known for its user-friendly interface and advanced charting tools. With EightCap, you can trade a range of instruments, including forex, commodities, and indices. The platform also offers a variety of educational resources and trading tools to help you succeed.
Crypto Trading
Funded Trading Plus also offers a platform specifically for trading cryptocurrencies. This platform is designed to help traders take advantage of the volatility and potential profits of the cryptocurrency market. With this platform, you can trade a range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
Overall, Funded Trading Plus offers a variety of trading platforms to choose from, each with its own unique features and advantages. Whether you prefer to trade forex, commodities, indices, or cryptocurrencies, there is a platform that can meet your needs.
Customer Support
When it comes to trading, having access to reliable customer support is crucial. Funded Trading Plus understands this, and they offer several options for traders who need assistance.
Support Team
Funded Trading Plus has a support team that is available to answer questions and provide assistance. You can contact them via email, and they typically respond within 24 hours. They also have a comprehensive FAQ section on their website that covers many common questions and concerns.
Live Support Team
For traders who need more immediate assistance, Funded Trading Plus offers a live support team. This team is available via Discord, and they can help with everything from technical issues to trading strategy advice. The live support team is available during trading hours, so you can get help when you need it most.
Overall, Funded Trading Plus offers robust customer support options for traders. Whether you prefer to contact their support team via email or get immediate assistance from the live support team on Discord, they have you covered. With their knowledgeable and friendly customer support team, you can trade with confidence, knowing that help is always just a few clicks away.
Withdrawal and Payout Policies
As a trader with Funded Trading Plus, you can withdraw your profits from your account. However, there are certain policies that you need to be aware of.
Weekly Withdrawal
Funded Trading Plus allows traders to withdraw their profits once a week. The withdrawal request must be made through the dashboard, and all simulated trades must be closed before making a withdrawal request. It is important to note that you should not make any further simulated trades until the virtual profit has been withdrawn from the account. The company aims to process withdrawal requests within 48 hours of receiving them.
Profit Split
Funded Trading Plus operates on a profit-split model. This means that the profits you make from trading are split between you and the company. The exact profit split varies depending on the program you are enrolled in, but it typically ranges from the profit splits of 60% to 80% in favor of the trader.
It is important to note that the profit split only applies to profits made from trading. Any losses incurred during trading are solely the trader’s responsibility. Additionally, the profit split only applies to profits made after the trader has reached the profit target set by the company.
In conclusion, Funded Trading Plus has clear and straightforward withdrawal and payout policies. Traders can withdraw their profits once a week, and the profit split model ensures that both the trader and the company benefit from successful trading.
Fees and Charges
Monthly Fee
When it comes to the fees and charges associated with Funded Trading Plus, you will be pleased to know that there are no commissions or fees for trading charged. This is a key difference between Funded Trading Plus and other funded trading models. Instead, Funded Trading Plus charges a monthly fee of $99. This monthly fee is charged to cover the costs of providing the program and to ensure that traders are serious about their trading.
Fee Refund
If you successfully complete the Funded Trading Plus program and hit the profit target, you will be eligible for a fee refund. This means that the monthly fee that you have paid will be refunded to you. This is a great incentive for traders to work hard and achieve their goals.
It is important to note that if you fail to hit the profit target, you will not be eligible for a fee refund. This is because the monthly fee is charged to cover the costs of providing the program, and if you do not hit the profit target, you have not demonstrated that you are serious about your trading.
In summary, the monthly fee charged by Funded Trading Plus is $99, and there are no commissions or fees for trading charged. If you successfully complete the program and hit the profit target, you will be eligible for a fee refund.
Community and Reviews
Community
Funded Trading Plus has a growing community of traders who are actively engaged in the program. The community is a great resource for new traders to learn from experienced traders and get feedback on their trades. The program also provides access to a dedicated account manager who can answer any questions that traders may have.
5-Star Reviews
Many traders have given Funded Trading Plus positive reviews, citing the program’s supportive community, excellent customer service, and fair rules. Traders appreciate the opportunity to trade with a funded account and the ability to keep a portion of their profits. Some traders have even been able to quit their day jobs and trade full-time thanks to the program’s instant funding.
1-Star Reviews
While most traders have had positive experiences with Funded Trading Plus, there are some negative reviews of the advanced trader program as well. Some traders have complained about the program’s rules, particularly the maximum loss allowance and profit target. Others have had issues with the verification process or felt that the program was too restrictive.
Overall, it’s important to keep in mind that every trader’s experience is different. While some traders may have had negative experiences with Funded Trading Plus, others have found the program to be a great opportunity to grow their trading accounts.
Conclusion
In conclusion, Funded Trading Plus appears to be a legitimate prop trading firm that has helped many traders gain access to funded trading capital. The business model is transparent and fair, with no time limit on their programs, which shows their commitment to helping traders pass their evaluation.
The customer reviews on their website and other platforms, such as Trustpilot, are generally positive, indicating that traders have found value in their package that includes courses, lifetime access to the Trade Room Plus Live Trade Room, and one-on-one goals sessions with professionally funded traders.
The fact that Funded Trading Plus was built by traders for traders adds to the trustworthiness of the firm, as they understand the challenges that traders face and have designed their programs to help traders succeed.
Overall, if you are a trader looking for funding, Funded Trading Plus is worth considering as it offers a fair and transparent business model with a focus on helping traders succeed.