Funded Trading Plus Review
Funded Trading Plus, officially recognized as FTP London Ltd, is a proprietary trading firm established on November 2, 2021. Based in London, UK, the firm operates under the leadership of CEO Simon Massey. Funded Trading Plus offers traders a variety of account options, including one one-step evaluation, two two-step evaluations, and an instant funding program. They have also partnered with ThinkMarkets to serve as their broker.
- Platforms for Prop Trading: MetaTrader 4, MetaTrader 5
- Participation cost: from $119
- Available capital for management: from $5,000 to $200,000
- Leverage Available up to 1:30
- Comprehensive Selection of Trading Options (including Forex pairs, commodities, indices, and cryptocurrencies)
- No Restrictions on Minimum or Maximum Trading Days
- Growth-Oriented Scaling Plan
- Initial Profits Lead to First Payout (excluding the Premium Trader Program)
- Weekly Profit Distributions
- Profit Sharing Ranging from 80% to 100%
- Permission for Overnight Positions
- Weekend Positions Permitted in Experienced and Premium Trader Programs
- Trading During News Events Allowed
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Funded Trading Plus Programs
Funded Trading Plus is committed to fostering the success of its traders. The firm allows traders to handle accounts up to $200,000 and, upon demonstrating their skill, provides opportunities to scale their accounts to as much as $2,500,000. Traders can opt for a single assessment phase, participate in two-stage assessment challenges, or receive direct funding. Successful completion of these programs entitles traders to earn up to 100% of the profits generated from their trades.
Experienced Trader Funded Trading Plus Program
Funded Trading Plus rules:
Profit Target – Traders are required to reach a specific profit percentage to successfully complete an evaluation phase, withdraw their earnings, or increase the size of their trading account. The profit target set during the evaluation phase is 10%. However, fully funded accounts are not subject to any predetermined profit targets.
Maximum Daily Loss – This rule sets the upper limit on losses that a trader can incur in a single day without violating the terms of their account. For all account sizes, the maximum daily loss allowed is 4%.
Maximum Trailing Loss – This is calculated by measuring the difference between the peak balance of the account and the lowest point of any subsequent drawdown. The maximum trailing loss permitted for traders across all account sizes is 6%.
Participation cost:
- $12,500 - $119
- $25,000 - $199
- $50,000 - $349
- $100,000 - $499
- $200,000 - $949
The Experienced Trader Program at Funded Trading Plus is designed to identify and nurture disciplined traders who demonstrate profitability and effective risk management. The program offers traders the chance to handle account sizes from $12,500 to $200,000, with leverage of up to 1:30.
During the one-step evaluation phase, traders are tasked with achieving a profit target of 10%. They must do this without exceeding a 4% maximum daily loss or a 6% maximum trailing loss. Importantly, there are no restrictions on the minimum or maximum number of trading days in this phase. Advancement to a funded status requires meeting the 10% profit target while adhering to the established loss limits.
Successful completion of the evaluation phase grants traders a funded account with no minimum withdrawal thresholds. Traders must continue to observe the 4% maximum daily loss and 6% maximum trailing loss guidelines. Profit distributions can start from day one, provided a profit is earned, with subsequent withdrawals available on a weekly basis. Profit shares are generous, ranging from 80% to 100% of the earnings generated on the funded account.
The Experienced Trader Program at Funded Trading Plus features a scaling plan designed to foster growth and reward success. Once a trader achieves a 10% profit target, they have the opportunity to escalate their account to the next size tier. Notably, traders are not required to relinquish any profits when they choose to scale their accounts.
For example, consider a trader with a $100,000 funded account. The profit target for this account is also set at 10%. To meet this target, the trader might aim for incremental goals, such as generating a 4% profit in the first week and 6% in the second week. Achieving a total of 10% profit over these two weeks qualifies the account for scaling.
Upon reaching the scaling requirement, the trader should initiate a support ticket with Funded Trading Plus to request an upgrade of their trading account. The account will be temporarily disabled during this transition, with the new account balance adjusted to $210,000, up from the original $110,000.
It's also important to note that while traders can withdraw profits at any point before hitting the 10% threshold, eligibility to scale the account requires meeting the total 10% profit target. This scaling opportunity encourages traders to maintain consistent profitability, leveraging their success to access greater capital and potentially higher returns.
Advanced Trader Funded Trading Plus Program
Funded Trading Plus rules:
Profit Targets: Traders need to meet specific profit targets to successfully pass evaluation phases, withdraw earnings, or scale up their trading accounts. In Phase 1, a profit target of 10% is required, while Phase 2 demands a 5% profit target. Funded accounts are not subject to predetermined profit targets.
Maximum Daily Loss: A trader is restricted from losing more than 5% of their account balance in a single trading day to prevent breaching the account.
Maximum Trailing Loss: The maximum trailing loss, calculated as the difference between the highest account balance reached and the lowest point thereafter, is capped at 10% for all account sizes. This limit helps manage the risk and prevent substantial drawdowns.
No Weekend Holding: Traders must close all open positions before the market closes on Friday, as holding trades over the weekend is strictly prohibited.
Stop-loss Requirement: It is compulsory for traders to set a stop-loss order on each trading position they initiate. This rule is designed to limit potential losses and enforce disciplined trading practices.
Participation cost:
- $25,000 - $199
- $50,000 - $349
- $100,000 - $499
- $200,000 - $949
Funded Trading Plus offers an Advanced Trader Program, aimed at cultivating skilled traders capable of achieving consistent profitability and effective risk management. The program caters to traders with opportunities to manage accounts ranging from $25,000 to $200,000, with a leverage option of up to 1:30.
- Evaluation Phase One challenges traders to hit a profit target of 10%, while adhering to a maximum daily loss of 5% and a maximum trailing loss of 10%. There are no restrictions on the number of trading days in this phase, allowing traders flexibility in reaching their goals. Advancing to the next phase requires achieving the 10% profit target without exceeding the stipulated loss limits.
- Evaluation Phase Two continues with a lower profit target of 5%, maintaining the same loss limits as the first phase. Similar to phase one, there are no minimum or maximum trading day requirements. Progression to funded status demands achieving this profit target while respecting the loss constraints.
Upon successful completion of both evaluation phases, traders qualify for a funded account with no minimum withdrawal stipulations. The ongoing requirements are to maintain the 5% maximum daily loss and 10% maximum trailing loss rules. Payouts can commence from the first day of generating profit, with subsequent withdrawals possible on a weekly basis. Profit shares in this program range from 80% to 100%, based on the trader's performance in the funded account. This structure is designed to reward proficient trading and risk management, fostering a growth-oriented trading environment.
The **Advanced Trader Program** at Funded Trading Plus includes a strategic scaling plan, which allows traders to expand their trading capabilities. Upon achieving a profit target of 20%, traders can scale their account to a higher tier without having to forfeit any of their earned profits.
For instance, consider a trader with a funded account of $100,000. The set profit target for scaling in this account is 20%. If in Week 1, the trader generates an 8% profit and follows with a 12% profit in Week 2, the cumulative profit of 20% over these two weeks qualifies the account for scaling.
Once the 20% profit target is reached, the trader should submit a support ticket to Funded Trading Plus to request an upgrade of their trading account. The account will undergo a temporary suspension during the upgrade process, and the new account balance will be adjusted to $220,000, up from the previous $120,000.
It's important to note that traders are also permitted to withdraw profits at any time before achieving the 20% profit target within the Advanced Trader Program. However, to qualify for scaling, a total profit of 20% must be attained. This scaling feature is designed to reward successful traders with greater trading capital, thereby enhancing their potential for higher earnings.
Premium Trader Funded Trading Plus Program
Funded Trading Plus rules:
Profit Targets: In the evaluation process for traders, achieving specific profit percentages is crucial for several outcomes, including completing an evaluation phase, withdrawing earnings, or scaling up a trading account. During Phase 1, traders must meet an 8% profit target, while Phase 2 requires a slightly lower target of 5%. It's important to note that once traders are in funded accounts, there are no predefined profit targets.
Maximum Daily Loss: To manage risk effectively, there is a cap on the amount a trader can lose in a single day without violating account conditions. This loss limit is set at 4% across all account sizes, serving as a critical threshold to help preserve capital and ensure long-term trading viability.
Maximum Trailing Loss: This is defined as the maximum allowable loss measured from the peak balance achieved to the lowest point of subsequent drawdown. For all account sizes, this trailing loss is capped at 8%. This measure helps prevent significant erosion of the capital base, encouraging traders to maintain consistent performance and risk management discipline.
Participation cost:
- $25,000 - $247
- $50,000 - $397
- $100,000 - $547
- $200,000 - $1,097
Funded Trading Plus offers an elite Premium Trader Program that caters to skilled traders aiming to manage account sizes between $25,000 and $200,000. This program is designed to pinpoint traders who can consistently demonstrate profitability and effective risk management. Participants in this program benefit from the option to trade with leverage up to 1:30.
- Evaluation Phase One sets a profit target of 8%. Traders must achieve this target without exceeding a 4% maximum daily loss or an 8% maximum trailing loss. There are no constraints on the number of trading days, offering flexibility in trading strategy and execution. Advancement to Phase Two is contingent on meeting the 8% profit goal while staying within the defined loss limits.
- Evaluation Phase Two lowers the profit target to 5%, maintaining the same loss restrictions as in the first phase. Like Phase One, there are no fixed trading day requirements, providing traders the latitude to operate within their strategic comfort zones. To transition to a fully funded status, traders must hit the 5% profit mark without violating the daily or trailing loss limits.
Upon successful completion of both evaluation phases, traders gain access to a funded account with no minimum withdrawal limits. They must continue to adhere to the 4% maximum daily loss and 8% maximum trailing loss rules. The first payout is scheduled for 7 calendar days after placing the first position in the funded account, with subsequent withdrawals permitted on a weekly basis. Profit shares in the funded account range from 80% to 100%, depending on the profits generated, rewarding traders for high performance and effective risk management.
The Premium Trader Program at Funded Trading Plus includes a dynamic scaling plan that facilitates growth for successful traders. If a trader reaches a 10% profit target, they are given the opportunity to increase their account size to the next tier, without sacrificing any of their accrued profits.
For example, consider a trader with a $100,000 funded account under this program. To meet the scaling requirement, the trader needs to achieve a cumulative profit of 10%. This could be accomplished by generating a 4% profit in the first week followed by a 6% profit in the second week. Once these goals are met, totalling a 10% profit, the account qualifies for scaling.
To initiate the scaling process, the trader should submit a support ticket to Funded Trading Plus. During the scaling transition, the trading account will be temporarily disabled, and once reactivated, the account balance will be increased from $110,000 to $210,000, reflecting the new scaled status.
It’s important to note that traders can withdraw their profits at any point before reaching the 10% target within the Premium Trader Program. However, scaling the account requires reaching and maintaining a total profit of 10%. This feature encourages traders to strive for higher performance, providing them with the incentive of managing larger capital and potentially earning greater returns.
Master Trader Funded Trading Plus Program
Funded Trading Plus rules:
Maximum Daily Loss: The maximum daily loss is a risk management measure that limits traders to a 6% loss of their account balance in a single trading day. This rule ensures that traders do not expose their accounts to excessive risk, helping to preserve capital over the long term.
Maximum Trailing Loss: Similar to the maximum daily loss, the maximum trailing loss also caps losses at 6%. This is calculated based on the difference between the highest achieved account balance and the lowest subsequent drawdown. By limiting the trailing loss to 6%, the rule prevents substantial decreases from the account's peak value, thereby encouraging sustained account health and risk management.
No Weekend Holding: This policy mandates that all trades must be closed by the market close on Friday, prohibiting traders from holding any positions over the weekend. This rule is designed to protect traders from potential market gaps and significant price fluctuations that can occur when the market reopens after the weekend, which could impact positions adversely.
Participation cost:
- $5,000 - $225
- $10,000 - $450
- $25,000 -$1,125
- $50,000 - $2,250
- $100,000 - $4,500
The Master Trader Program at Funded Trading Plus is designed for experienced traders who are ready to bypass the evaluation phase and commence trading with immediate profit potential. This program offers traders the ability to manage accounts ranging from $5,000 to $100,000, with leverage up to 1:30, providing substantial flexibility and growth opportunities.
Upon joining the Master Trader Program through purchase, participants receive immediate access to a funded account. There are no constraints regarding minimum withdrawal amounts, enabling traders to access their funds as needed. To maintain account integrity and promote disciplined trading, participants must adhere to a 6% maximum daily loss and a 6% maximum trailing loss. These risk management measures are crucial for safeguarding the capital against significant downturns.
Profit distribution in the Master Trader Program is notably generous, starting from 80% and potentially reaching up to 100% of the profits made on the funded account. This structure is designed to reward successful trading strategies and performance effectively.
Payouts can begin as early as the first day of trading if profits are generated, with subsequent withdrawals available on a weekly basis. This flexibility and the attractive profit sharing ratio make the Master Trader Program an appealing option for skilled traders seeking immediate trading opportunities and robust earnings potential.
The Master Trader Program at Funded Trading Plus includes a scaling plan designed to facilitate growth for successful traders. Participants in this program can significantly increase their account size upon achieving a set profit target, without forfeiting any accumulated profits.
For instance, consider a trader with a $100,000 funded account. The scaling plan is activated once the trader achieves a cumulative profit target of 10%. To meet this requirement, a trader might aim for a profit of 4% in the first week followed by 6% in the second week. Achieving this combined 10% profit over the two-week period qualifies the account for scaling.
Upon meeting the scaling criteria, the trader should submit a support ticket to Funded Trading Plus to initiate the scaling process. The account will temporarily be disabled to adjust the settings and balance accordingly. Once completed, the new account balance will be set at $210,000, up from the initial $110,000, reflecting the trader’s capability to handle larger capital based on proven profitability.
It's also important to note that while traders are free to withdraw their profits at any point before reaching the 10% profit target, eligibility for scaling requires attaining this specific profit threshold. This scaling feature is strategically designed to encourage sustained trading success, offering traders the opportunity to leverage their skills for increased financial potential and growth within the program.
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Funded Trading Plus Review and Our opinion about this Prop Firm
Funded Trading Plus is a distinguished proprietary trading firm that offers a selection of four tailored funding programs. These include the Experienced Trader Program, Advanced Trader Program, Premium Trader Program, and the Master Trader Program. Each is designed to cater to various levels of trading expertise and career objectives.
- Experienced Trader Program: This is a streamlined one-step evaluation program where traders are tasked with achieving a 10% profit target under conditions of a 4% maximum daily loss and a 6% maximum trailing loss, with no minimum or maximum trading day requirements. Successful completion leads to earning potential with profit splits of 80% to 100%, alongside a scaling plan that allows for the increase of the initial account balance.
- Advanced Trader Program: This two-step evaluation program sets realistic and attainable profit targets of 10% in phase one and 5% in phase two, with a 5% maximum daily loss and 10% maximum trailing loss. Like the Experienced program, traders can operate without time constraints during evaluation phases. Successful traders can scale their account, further enhancing their trading capital.
- Premium Trader Program: Also structured as a two-step evaluation, traders need to meet profit targets of 8% and 5% in the respective phases, under the constraints of a 4% maximum daily loss and an 8% maximum trailing loss. The absence of time limits on trading days allows for flexibility in trading strategies, and scaling opportunities are available upon successful completion.
- Master Trader Program: This program offers direct funding, enabling traders to bypass the evaluation phase and start trading immediately. The program mandates adherence to a 6% maximum daily and trailing loss rule but imposes no profit target requirements. Traders can scale their accounts and enjoy the freedom of trading without time limitations.
Funded Trading Plus stands out for its robust support features, which include no minimum trading day requirements, the ability for weekly withdrawals, and profit splits reaching up to 100%. The firm's flexibility in trading terms and the potential for immediate earnings make it an attractive option for traders looking for an industry-leading proprietary firm.
Overall, Funded Trading Plus is highly recommended for traders seeking diverse program options and flexible trading conditions that support both gradual career development and immediate market engagement. The firm's commitment to supporting traders through comprehensive programs and scaling opportunities makes it a top choice in the proprietary trading industry.
