Funded Trading Plus

Rating: 4.8

REVIEW SUMMARY

Funded Trading Plus is a Forex prop firm, located in London, UK. It was founded in 2021.

FEATURES

Instruments: Crypto, Energies, Forex, Indices and Metals.

Max balance: $ 2,500,000

Profit split: From 80% to 100%

Cost: From $89.

Platforms: cTrader, DXtrade, Match-Trader and MT5.

PROS & CONS

What I like:

• No time limit to pass the challenges. You can be as quick as possible or take the time that you need.
• Good selection of programs, including the 2-step, with static drawdown.
• On the instant funding program you can withdraw from the first day.
• You can get up to a 100% profit split which is rare in this industry.
• You get paid in as little as 1 day.

What could be improved:

• It lacks a free trial to test the platforms, but there's a demo from all platforms.
• You can't hold trades over the weekend on the instant funding account.
• The leverage is not big, but still enough for day trading or even scalping with a proper risk management.

PROMO CODE

20% Off

EID20 Copied!

VISIT SITE

Funded Trading Plus is a prop trading firm located in the UK. It has one of the most trusted programs in the industry, with accounts that can be scaled up to $2,500,000.

I tested Funded Trading Plus myself, and in this review, I’ll show you my hands-on experience, my take on its rules and conditions, and the exact steps to get funded. You’ll also see the changes that Funded Trading Plus recently made to their programs and what I think about them.

Here’s what you’re going to learn:

What Is Funded Trading Plus?

Funded Trading Plus is a forex prop firm located in London, UK. It was founded in 2021 and is an extension of Trade Room Plus, which started in 2013 and was a UK live trade room.

This firm aims to support successful traders who only have a limited amount of capital, giving them access to decent account sizes to trade. By doing this, they are removing inequality between traders and giving everyone the opportunity to prove themselves and generate a good amount of return.

What Can You Trade With Funded Trading Plus?

Funded Trading Plus is a prop firm that funds traders to trade Forex and other CFDs trading assets.

This screenshot from their live platform shows all the available symbols: Commodities (2), Crypto (4), Forex (37), Indices (9) and Metals (2). That’s a total of 54 symbols available to trade.

Here’s a list of all of the instruments:

• Forex: Major and minor currency pairs. That’s 37 symbols total. 15 majors, 13 minors, and 9 exotics. That’s a reduction from the 61 symbols available before, but hey, the ones removed were the ones basically no one trades.

• Indices: All the majors, including Dax, Dow, Nasdaq, and SP500.
  They recently removed the Australian index ASX200, the Hong Kong index (HK50), the Russel 2000 (US2000), and VIX.

• Spot Metals: Gold and Silver. Platinum was removed on the last challenge’s update.

• Commodities: Brent and Crude oil

• Cryptocurrencies: Their list was huge before. They had 250+ crypto symbols available to trade. Right now, you’re down to 4 crypto symbols: BCH, BTC, ETH, and LTC.

My opinion on the instruments list: There was recently a considerable reduction in the symbols available to trade. The list still has the most popular pairs, though, and should cover the needs of almost any trader. The biggest reduction was on the crypto symbols list, which is now reduced from 250+ to 4. Not good news for crypto traders.

What Are The Funded Trading Plus Account Sizes?

Funded Trading Plus funds traders with account balances that go from $5,000 up to $200,000. These accounts can be scaled up to $2,500,000 as you keep having good results trading.

The 1-Step Express program (the most popular) has a 1-phase evaluation and initial account balances between $10,000 and $200,000.

The 2-Step Classic program requires you to pass a two-phase evaluation and has initial account balances between $10,000 and $100,000.

Then, if you are in a hurry to get funded, FT+ has the Master program for you. This is an instant-funded program that can give you access to initial account balances between $5,000 and $100,000.

To get access to a funded account, you need to choose between a 1-phase or 2-phase evaluation process. There’s also an instant funding program if you are interested.

The prices of the products are different according to the account size to which you are applying. The prices of the smaller funded accounts start at $89 and go up to $4499 for the bigger accounts. Check the discounts available later in this post.

If you want lower prices (who doesn’t!), you can get a 10% discount if you use the coupon LFT.

My opinion on the account types and sizes: There has been a massive change and reorganization of the accounts. The instant program is pretty much the same.
The one-step program has a smaller account now, the $10k that replaced the older $12.5k account.
The 2-step program is the one with the major changes, for the better. It’s much simpler now. From three different possible options, now you only have one. They reduced the smaller account size from $12.5k to $10k, which also brought a price reduction from $119 to $89. Unfortunately, they also removed the bigger account option of $200k, which was a good value for traders who want big capital.

What Is The Funded Trading Plus Leverage?

The leverage provided by the prop firm depends on the symbol that you are trading. It goes up to 1:50 for the 2-step program and 1:30 for the 1-step and instant funding program.

Note that the leverage mentioned above is the maximum, but it may vary depending on the symbol you’re trading. Here’s the list of leverage by symbol:

Two Step

One Step

No Evaluation (Instant Funding)

My opinion on the leverage: Although still small for scalpers who need big leverage to make a decent return from small moves, the leverage is acceptable for most traders. There was a big improvement on the 2-step program, which only had 1:30 leverage, and now it has increased to 1:50 for Forex trading. I also noticed a considerable reduction in the energy (oils) leverage from 1:30 to 1:5.

How Much Is The Funded Trading Plus Payout?

The profit split starts at 80% for all accounts, and this includes the instant funded account, which is very rare. At other firms, this type of account usually only gives you about a 50% profit split, so this is a big win for Funded Trading Plus.

If you continue to trade consistently, the profit split can be increased up to 90% once you make 20% profit on your account, and then up to 100% once you reach 30%. You get all the profits for yourself! How cool is that?

My opinion on the profit split: I’d say Funded Trading Plus has one of the best profit split payout policies. It’s rewarding to see firms that are willing to increase your payout up to 100% as you keep delivering good results. And the 80% profit split on the instant funding account, that’s a game changer for these types of accounts.

Funded Trading Plus Reviews

According to Trustpilot, Funded Trading Plus is classified as excellent. It’s scoring an amazing 4.4/5.0 after 2,628 reviews from users.

The 1-Step Express Program

To pass the evaluation and get funded with a live account, you need to pass one single phase. In this phase, you must achieve a minimum profit without exceeding a maximum daily drawdown and a maximum drawdown.

Here are all the details:

• Minimum days to trade: No minimum.
• Challenge duration: No maximum, you can trade as long as you need.
• Maximum drawdown: 6% trailing
• Maximum daily drawdown: 4% balance based
• Profit target: 10%

My opinion on the 1-step program: There’s kind of a big difference between the profit target and the maximum drawdown. Ideally, you want them to be as close as possible, or even the maximum drawdown bigger than the target profit. This is normal for a 1-step challenge, though. If you need a funded account fast, this challenge is for you. If you can wait 2 steps, choose the 2-step for a better equilibrium.

The 2-Step Classic Program

This program has two phases to pass before you’re awarded a funded account. Here, you also have to achieve a minimum profit without exceeding the daily and overall drawdowns.

Here are all the details:

Phase 1 and 2 (same rules)

• Minimum days to trade: No minimum.
• Challenge duration: No maximum, you can trade as long as you need.
• Maximum drawdown: 8% (static balance based)
• Maximum daily drawdown: 4% (balance-based)
• Profit target: 7%

My opinion on the 2-step program: This one is way easier to pass than the 1-step. The profit target is just 7%, instead of 10%, and the maximum drawdown is 8%, instead of 6%. So if you aren’t in a rush to pass a challenge and can wait for 2 steps, this one is the right option to choose from.

Instant Funding Program

This program is the one that gives you access to instant funding. You just need to keep your account above a maximum drawdown to keep it.

Here are all the details:

• Minimum days to trade: No minimum.
• Challenge duration: No maximum, you can trade as long as you need.
• Maximum drawdown: 6% (trailing)
• Maximum daily drawdown: 6%
• Profit target: No targets, you can withdraw from the first day

My opinion on the instant funding program: Can’t stress enough how good it feels to see an instant funding program with an 80% profti split out of the box. You can request payouts from day 0, and then every 7 days. If you’re a good trader and want the fastest option to get funded, this is your choice. Obviously, the price is higher when compared to the 1-step or 2-step programs, but you get it back fast if you know what you’re doing.

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Funded Trading Plus EAs (Expert Advisors)

If you like to use EAs to trade, Funded Trading Plus is a great prop firm for you. They allow EAs on all programs, although some strategies that they consider abusive are forbidden, like arbitrage or grid trading.

Funded Trading Plus Free Trial

Unfortunately, Funded Trading Plus doesn’t offer a free trial, but you can access their demo platform on their website. It’s not a real challenge trial, but you can get the feel of the trading conditions, spreads, symbols, executions, slippage, etc.

Funded Trading Plus Free Repeat

Funded Trading Plus doesn’t provide free repeats, but does offer a reset at a discounted price if you eventually fail to pass a challenge.

Coupon / Promo Code / Discount

FT+ gave me a special link and coupon code just for my readers, and this includes you.

These are the current active discounts:

• 20% off on all instant programs: use link below + coupon code EID20
• 15% off on all challenges up to $100k: use link below + coupon code EID15
• 10% off on all other programs: use link below + coupon code LFT

Funded Trading Plus Platforms

Funded Trading Plus gives you access to the popular trading platforms used by Forex brokers.

You can use:

• cTrader
• DXtrade
• Match-Trader
• MT5

My opinion on the Funded Trading Plus platforms: You basically get any platform that a Forex trader would use. All the best options are present, so this shouldn’t be a reason to discard this prop firm, but a reason to use it instead.

Funded Trading Plus Trading Hours

Holding trades overnight is allowed on all programs. You can have your positions open for as long as you want, according to your own trading style.

Regarding the weekend, you are free to hold your trades open. The only exception is the Instant Funding program, which requires you to close your trades on Friday by the end of the day. This is actually done automatically (if you don’t do it yourself) and doesn’t constitute a hard breach.

Funded Trading Plus News Trading

They allow news trading with some criteria. In fact, they state: “We allow news trading, and appropriate management of risk by utilising modest margin, over an appropriate time-frame for the volatility of the market.”

You just need to be careful with the volatility, but if you’re like me, those are the best times of the day to trade. Just don’t exceed your maximum safe lot size and manage your trades properly.

Funded Trading Plus Payment Methods

Here are all the payment methods accepted by Funded Trading Plus:

• Checkout.com
• Credit/Debit Card
• Crypto

Funded Trading Plus Payout Methods

Here are all the payout methods accepted by Funded Trading Plus:

• Bank Transfer
• Crypto

Is Funded Trading Plus Legit?

Yes, Funded Trading Plus is a legit company.

Here are the contacts to reach them:

• Email: info@fundedtradingplus.com
• Phone: +44 333 090 9800
• Address: Funded Trading Plus Ltd, 4806 Cortland by Collier’s Yard, 5 Bankside Boulevard, Manchester, M3 7HD

You can also contact them through the live chat on their website.

Funded Trading Plus Alternatives

Here’s the list of the best Funded Trading Plus alternatives:

• FundedNext review
• FTMO review
• FTUK review

For more alternatives, check our alternative prop firm tool:

Recap

• Funded Trading Plus is a prop trading firm based in the UK.
• You can get a funded account with up to $2,500,000 in balance and up to a 100% profit split payout.
• To get access to a funded account, you have to pass a one or two-phase challenge program. There’s also an instant funding program available.
• You can trade Forex and other CFDs like Indices, Commodities, Metals, and Cryptocurrencies.
• The popular MT5, cTrader, MatchTrader, and DXtrade platforms are available to trade.

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