In the ever-evolving world of trading, finding a reliable proprietary trading firm that offers transparent operations and supportive trading conditions can be a daunting task. Funded Trading Plus (FTP) has emerged as a notable player, providing a range of trading programs and flexible trading conditions to accommodate traders of all levels.
This review delves into the intricacies of FTP, evaluating its trustworthiness and effectiveness in empowering traders to achieve their financial goals.
Background of Funded Trading Plus
Established in 2021, Funded Trading Plus was founded with the mission of bridging the gap between aspiring traders and the capital needed to trade effectively. Under the leadership of CEO Simon Massey, FTP has quickly gained recognition for its innovative approach to prop trading. Massey, a former City trader, brings a wealth of experience to the firm, ensuring that the company’s operations are grounded in deep market knowledge and practical trading experience.
Since its inception, FTP has continuously evolved, expanding its range of services and refining its program structures. The firm has built a reputation for fostering a supportive trading environment, where traders can focus on developing their skills and strategies without the financial pressures typically associated with traditional trading setups. FTP’s commitment to education and mentorship is evident in its comprehensive resources and active community engagement.
What is Funded Trading Plus?
Funded Trading Plus is a proprietary trading firm that offers traders access to significant trading capital in exchange for a share of the profits. Unlike traditional trading firms, FTP provides a variety of funding programs designed to suit different trading styles and levels of experience. These programs include the Experienced Trader Program, Advanced Trader Program, Premium Trader Program, and Master Trader Program. Each program offers unique benefits and challenges, allowing traders to choose the path that best aligns with their skills and trading goals.
FTP stands out in the proprietary trading industry due to its flexible approach. By offering multiple funding programs, it accommodates a wide range of trading strategies and risk appetites. Traders can select from various account sizes and leverage options, enabling them to tailor their trading experience to their specific needs. This adaptability makes FTP an attractive option for both novice traders and seasoned professionals.
Pros and Cons of Funded Trading Plus
Funded Trading Plus (FTP) offers traders a platform with a variety of unique features and benefits, along with a few challenges. Here’s an overview of the pros and cons associated with using FTP.
Pros:
- Diverse Program Options: FTP offers multiple funding programs tailored to different levels of trade experience. This ensures that both novice and experienced traders can find a program that suits their needs and trading style.
- Flexible Trading Rules: Traders can trade during news events, hold trades overnight, and even trade on weekends under certain conditions. This flexibility allows traders to take advantage of market opportunities without being restricted by rigid rules.
- High-Profit Splits: Traders can earn up to 100% profit splits, particularly in the Master Trader Program. This generous profit-sharing model provides significant financial incentives for successful traders.
- Transparent Operations: FTP provides clear guidelines and rules, fostering a trustworthy trading environment. Transparency is crucial in building trust, and FTP excels in this area.
- Exceptional Customer Support: Available 24/7 via email, live chat, and phone, FTP’s customer support team is always ready to assist traders with any issues or questions they may have.
Cons:
- Evaluation Fees: Traders must pay fees to participate in the evaluation phases. While these fees are standard in the industry, they can be a barrier for some traders.
- Strict Loss Limits: Daily and trailing loss limits can be challenging for some traders. These rules are designed to protect both the trader and the firm, but they require disciplined risk management.
- Varied Profit Splits: Profit sharing percentages vary across programs, potentially leading to confusion. Traders need to carefully review the details of each program to understand the profit-sharing structure.
Funded Trading Plus Program Options
Funded Trading Plus offers four primary programs, each tailored to different levels of trading experience and goals:
1. Experienced Trader Program
Designed for traders with some experience, featuring average profit targets and realistic loss limits. This program is ideal for those looking to transition from personal trading to managing larger capital.
2. Advanced Trader Program
Suitable for more experienced traders, with slightly higher profit targets and tighter loss limits. This program challenges traders to refine their strategies and demonstrate consistent profitability.
3. Premium Trader Program
Features a two-phase evaluation process with industry-standard profit targets and loss rules. The two-step approach provides a balanced assessment of a trader’s skills and risk management.
4. Master Trader Program
Offers direct funding without an evaluation phase, ideal for seasoned traders with a proven track record. This program allows experienced traders to start trading immediately, with no profit targets or evaluation periods.
Each program is structured to cater to the specific needs and expertise levels of traders, providing them with the opportunity to scale their trading operations and achieve financial success. The flexibility in program options ensures that traders can find a path that aligns with their career goals and trading style, possibly utilizing a Funded Trading Plus coupon to access additional benefits. However, funding challenges may take different forms, so investigate all options first.
Performance Metrics and Evaluation Process
The evaluation process at FTP is designed to assess a trader’s ability to manage risk and generate consistent profits. The process typically involves:
Initial Evaluation Phase
Traders must meet specific profit targets while adhering to strict loss limits. This phase tests the trader’s ability to make profitable trades while managing risk effectively.
Second Evaluation Phase
Traders who pass the initial phase move on to a more advanced evaluation with adjusted targets and rules. This phase further evaluates the trader’s consistency and risk management skills.
Performance metrics include daily loss caps of 4% and trailing loss caps of 8%, ensuring that traders maintain disciplined risk management practices. These caps are designed to protect both the trader and the firm from significant losses. Successful traders are granted access to live trading accounts where they can start earning profit splits.
The two-phase evaluation process provides a comprehensive assessment of a trader’s abilities, ensuring that only skilled and disciplined traders progress to live accounts. This rigorous evaluation helps maintain the integrity of FTP’s trading programs and protects the firm’s capital.
Funded Trading Plus Trading Rules
FTP enforces several key trading rules to ensure traders operate within a safe and controlled environment:
- Daily Loss Limit: Traders cannot lose more than a specified percentage of their account balance in a single day. This rule helps prevent significant losses and encourages traders to manage their risk carefully.
- Trailing Drawdown Limit: A trailing drawdown limit is imposed to protect against significant losses over time. This dynamic limit adjusts as the trader’s account grows, ensuring ongoing risk management.
- Trading During News Events: Permitted under certain programs, allowing traders to capitalize on market volatility. This flexibility can be particularly beneficial for traders who specialize in news-based strategies.
- Holding Trades Overnight and Over Weekends: Allowed in some programs, providing flexibility for longer-term trading strategies. This rule accommodates traders who prefer swing trading or other long-term approaches.
These rules are designed to foster a disciplined trading approach while giving traders the freedom to employ various strategies. By balancing flexibility with stringent risk management, FTP creates a supportive trading environment that promotes long-term success.
Evaluation Fees and Profit Share
To participate in FTP’s evaluation programs, traders are required to pay an evaluation fee. This fee varies depending on the chosen program and the account size. For example, the Experienced Trader Program might have a lower fee compared to the Premium Trader Program, reflecting the different levels of funding and profit potential.
The evaluation fees are an investment in the trader’s future, providing access to substantial trading capital and the opportunity to earn significant profits. While the fees may be a consideration for some traders, the potential rewards can far outweigh the initial cost.
Once traders successfully complete the evaluation phases, they gain access to live trading accounts with generous profit splits. FTP offers profit splits ranging from 70% to 100%, with the highest percentages available in the Master Trader Program. This profit-sharing model ensures that traders are well-compensated for their efforts and successes. The tiered profit-sharing structure allows traders to gradually increase their earnings as they demonstrate consistent performance.
Funded Trading Plus Withdrawals
FTP has established a straightforward withdrawal process to ensure traders can access their profits efficiently. Traders can request withdrawals once they reach a minimum profit threshold, typically set at $50. Withdrawals are processed on a weekly basis, allowing traders to enjoy their earnings regularly.
This weekly cycle aligns well with the cash flow needs of active traders, ensuring they have timely access to their funds to reinvest or use as needed. The firm’s transparent payout system and community-verified proofs of payment further enhance trust and reliability. By providing verifiable proof of payouts through community channels, FTP fosters a transparent environment that reassures traders of the firm’s integrity.
The ability to make regular withdrawals is a significant advantage for traders, providing them with liquidity and the assurance that they can access their funds when needed. This liquidity is crucial for traders who rely on their trading profits as a primary source of income, allowing them to manage their finances effectively. FTP’s commitment to timely and transparent payouts helps build confidence and trust among its trader community. Knowing that they can withdraw their profits consistently and without hassle, traders can focus more on their trading strategies and less on concerns about accessing their earnings.
Moreover, FTP’s withdrawal process is designed to be user-friendly, with an intuitive online platform that allows traders to request withdrawals easily. The platform provides real-time updates on the status of withdrawal requests, ensuring traders are always informed about their financial transactions. This transparency in the process not only boosts confidence but also allows traders to plan their finances more effectively, knowing exactly when they will receive their funds.
FTP also offers multiple withdrawal methods to accommodate traders from different regions and with varying preferences. Whether through bank transfers, e-wallets, or other digital payment solutions, the firm ensures that traders can choose the method that best suits their needs. This flexibility in withdrawal options is a significant advantage, catering to a global audience and enhancing the overall trader experience.
User Reviews and Testimonials
Funded Trading Plus has garnered positive feedback from traders across various platforms. On Trustpilot, the firm boasts an impressive rating of 4.8 out of 5, reflecting high customer satisfaction. Users frequently praise the firm’s transparent operations, supportive customer service, and flexible trading conditions.
FTP’s YouTube channel and Discord community also showcase numerous testimonials from successful traders. These platforms provide insights on anything from information on CFD assets and other contracts, to the experiences of traders who have completed the evaluation programs and achieved financial success with FTP. The consistent positive feedback underscores the firm’s commitment to providing excellent trading experience.
In addition to online reviews and testimonials, FTP actively engages with its trader community through social media and webinars. These interactions provide valuable support and education, further enhancing the trader experience. The firm’s proactive approach to community building and support demonstrates its dedication to trader success.
Final Verdict:
Funded Trading Plus stands out as a trustworthy and innovative proprietary trading firm. Its diverse program options, flexible trading rules, and generous profit splits make it an attractive choice for traders of all levels. The firm’s transparent operations and exceptional customer support further enhance its credibility and reliability.
For aspiring traders seeking access to substantial trading capital and a supportive trading environment, FTP offers a compelling solution. With its commitment to transparency, flexibility, and trader success, Funded Trading Plus is well-positioned to continue its growth and establish itself as a leader in the proprietary trading industry.
In conclusion, Funded Trading Plus offers a comprehensive and flexible approach to proprietary trading. Its range of programs caters to traders with varying experience levels, while its rigorous evaluation ensures that only skilled and disciplined traders progress to live accounts. The firm’s commitment to transparency, exceptional customer support, and generous profit-sharing model make it a trustworthy and attractive option for traders seeking to advance their trading careers.
Funded Trading Plus has proven itself to be a reliable partner for traders, providing the tools, resources, and support needed to achieve financial success. Whether you are a novice trader looking to gain experience or an experienced professional seeking substantial trading capital, FTP offers a pathway to reach your trading goals. With its innovative approach and dedication to trader success, Funded Trading Plus is a standout choice in the proprietary trading landscape.
