Funded Trading Plus Prop Firm Review: Pros and Cons

How the Funded Trading Plus Platform Works

• Traders begin at an evaluation phase wherein they will have to achieve several targets such as a 10% simulated profit target, 6% Maximum simulated loss, and 4% daily simulated loss based on the previous day’s balance. Once they pass, they can achieve the status of the funded trader – FT+ Trader. During the evaluation phase, traders do not earn anything.
• FT+ Trader has different programs at different account sizes in respect of the funds awarded: $12,500, $25,000, $50,000, $100,000, and $200,000. The profit split starts at 80/20% if the trader achieves a 20% simulated profit on their account, above which they earn 90/10% profit split and 100/0% profit split in their favor on request, upon reaching a 30% simulated profit.
• As an FT+ Trader, for a trader making profits and wanting to withdraw funds, he or she has to leave an amount such that the profit left covers any amount of simulated loss they expect since the simulated balance cannot fall below the amount initially allocated.
• Traders can use their simulated profits to scale up the account. Withdrawals do not count toward the balance required for scaling.
• Once the 10% profit target is achieved and a scale-up is desired-the Evaluation account to Funded account status or to scale up from any Funded account level to another-you close all open trades, then request scaling of the account, using the LiveChat or Contact Page. The admin will disable access to the account for about 48 hours, increase the available funds and scale up the account.
• Profits can be withdrawn either before or after scaling.
• There are hard rules, meaning one has to keep in check the 4% daily simulated loss limit and the 6% total maximum simulated loss. Any violation from these two, in terms of the challenge, means a trader fails at Evaluation or FT+ Trader levels and therefore cannot sell the account.
• The Experienced Trader program relative drawdown – the difference between the highest balance achieved on a profitable trading and the maximum drawdown point is 6%, the Master Trader program is 6%, and the Advanced Trader program is 10%.
• For any program, the relative drawdown would move up in the case of a positive trade. If the latter is below 6%, the maximum drawdown would move up by the profit made, whereas if it is 6% or above, the maximum drawdown would lock on at the starting balance, but the relative drawdown does keep moving up as the trader keeps shelling out profitable trades.
• Withdrawal of the profit reduces the relative drawdown by the amount of the withdrawal made. A trader should withdraw an amount that is less than the relative drawdown to continue leveling up the account.
• Daily drawdown adjusts each day based on the new account balance; it is 4% on the Experienced Trader, 5% on Advanced Trader and 6% on Master Trader program accounts.

Features of  Funded Trading Plus

• Up to 30:1 leverage for all assets on all four programs (Experienced Trader, Advanced Trader, Premium Trader, and Master Trader).
• Traders can leverage Expert Advisors, bots, or robots for trading. Most of the strategies are allowed.
• Arbitrage and grid trading are not accepted.
• Hedging is allowed on the same account, both during evaluation and at the Funded Trader level.
• Traders cannot place opposite trades for a given instrument on different accounts.
• Swap-free accounts, which charge an admin fee instead of a swap fee.
• $50 minimum withdrawal which can be made each week.
• Trades can be held overnight and over the weekends. 
• In the Advanced Trader and Master Trader programs, you must close your trades by Friday at the market’s closure time, as holding trades over the weekend is not allowed.
• The company announces promotions and giveaways on its Discord channel.
• Withdrawals are done through cryptocurrency and bank transfer methods. 
• You can request a withdrawal from any account once the closing balance exceeds the initially awarded balance by $50. However, for the Premium program, the request must be made 7 days after reaching this balance. Processing is instant to two hours.
• Funded trading education and a podcast by Funded Trading Plus experts.

Instruments of Funded Trading Plus

Forex, Indices, Metals, Commodities, Crypto.

Platforms of Funded Trading Plus

cTrader, TradingView, MatchTrader, Dxtrade, MT4, and MT5

Pros of Funded Trading Plus

• Excellent Trustpilot rating of 4.7/5
• Four Unique Funding Programs
• Professional Trader Dashboard
• A Large Variety of Trading Instruments (Forex Pairs, Commodities, Indices, Cryptocurrencies)
• No Minimum & Maximum Trading Day Requirements
• Scaling Plan
• First Payout Upon Making a Profit (Except Premium Trader Program)
• Weekly Payouts
• Profit Share 80% up to 100%
• Overnight Holding Allowed
• Weekend Holding Allowed on Experienced & Premium Trader Program
• News Trading Allowed
• Fair and flexible trading rules without strict time limits
• Tight spreads and competitive trading conditions
• Excellent, responsive customer support
• No obligation to report earnings to tax authorities
• Multiple evaluation accounts allowed
• Traders can trade with up to $2,500,000 capital.
• News trading and trade copying are allowed
• More trading opportunities due to the wide array of EAs and indicators
• The profit share split is 90% and the withdrawal of profits is every week
• Overnight trading and holding, and traders can make a good profit
• Large array of trading instruments: cryptocurrencies, indices, and commodities
• There are no minimum trading days

Cons of Funded Trading Plus

• Low Leverage up to 1:30 on All Funding Programs
• Mandatory Stop-loss on Advanced Trader Program
• No Weekend Holding on Advanced & Master Trader Program
• Trailing Drawdown on All Funding Programs
• Currently limited to the cTrader platform (MT4/5 not offered yet)
• Some issues with execution on certain markets like crypto
• Relatively new firm without a long-term track record

Frequently Asked Questions (FAQs)

What is the evaluation process like?

Traders must go through an evaluation phase that assesses their risk management and profitability skills before they can access funded accounts.

Are there time limits for completing the evaluation?

No, Funded Trading Plus does not impose time limits for completing the evaluation phase, allowing traders to trade at their own pace.

Can I trade cryptocurrencies with Funded Trading Plus?

No, at the moment, Funded Trading Plus does not support cryptocurrency trading.

Is there a scaling program for growing my account?

Yes, traders who perform well can scale their accounts to manage larger capital as they continue to trade profitably.

Is Copy Trading allowed in Funded Trading Plus?

Yes, copy trading is allowed in Funded Trading Plus. You can copy your account across to one of the Funded trading plus accounts, but you cannot copy to multiple Funded trading plus accounts. However, they do not fund one account that is trading the same strategy.

Is Funded Trading Plus legit?

Yes, Funded Trading Plus is a legitimate trading platform. They offer secure and reliable services to help traders earn profitable returns.

Is trading with a funded account worth it?

Trading with a funded account benefits both experienced and beginner traders who lack the capital or prefer not to risk their own funds. Prop trading platforms are generous not only in their provision of trading funds but also profit shares. They offer more relaxed training and trading environments than ordinary trading platforms. 

How does funded trading plus make money?

Funded Trading Plus makes money in two ways: first is through account subscriptions starting from $199, the cheapest and up depending on the account type.

Second, there is a profit split of 80/20%, 90/10%, and up to 100/0%. For the latter, when customers make profits from funds provided, they share with the customers