Funded Trading Plus is a well-known prop trading firm from the United Kingdom.
But is Funded Trading Plus a scam?
No, it isn’t!
Our review and experience show that Funded Trading Plus is a safe proprietary trading firm.
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Table of Contents
Key Takeaways
- Funded Trading Plus is a trusted prop trading firm with a strong reputation on Trustpilot (4.8 stars from over 2,100 reviews). It partners with regulated broker EightCap and has high liquid capital reserves to cover potential withdrawals
- The firm offers flexible programs for forex, indices, crypto, and CFD trading, including a one-phase option, two-phase options, and an instant funding option. For successful traders, they offer a profit split from 80% to up to 100%
- The review of Funded Trading Plus covers the firm’s pros and cons, as well as key aspects such as programs, trading rules, platforms, payment methods, and customer support, and compares it to competitors in the prop trading industry
About Funded Trading Plus
Funded Trading Plus is a London-based company that helps traders access funded accounts through simulated-live trading programs. Founded by CEO Simon Massey, the company has helped hundreds of traders with capital, training, and support.
| Name | Funded Trading Plus |
|---|---|
| Website | www.fundedtradingplus.com |
| Company | FTP London Ltd. |
| Address | 7 Bell Yard, London WC2A 2JR, United Kingdom |
| CEO | Simon Paul Massey |
| Founder | Simon Paul Massey, James Anthony Frangleton, Michael Christopher Cogswell |
| Founded | 2021 |
| Contact | Live Chat, Telephone, Mail, Contact Form |
| [email protected] | |
| Phone Number | +44 (0)333 0909800 |
| Starting Capital | $5,000 to $200,000 |
| Profit Share | 80% to 100% |
| Evaluation | 0 days |
| Fee | $119 to $4,500 |
| Payment Methods | Credit Card, Crypto |
| Instruments | Forex, CFDs |
| Platform | MetaTrader 4, MetaTrader 5, Match Trader, DXTrade, cTrader |
| Withdrawals | once per week |
| Languages | English |
Funded Trading Plus has a strong reputation on Trustpilot, with over 2,100 reviews and an average rating of 4.8 stars. This shows customers are highly satisfied with the firm.
The company partners with EightCap, a regulated broker, to provide trading services. This partnership adds credibility to their operations.
Safety and Regulations
Funded Trading Plus has strong protective measures for both itself and its traders. They keep enough liquid capital reserves on hand to pay out all traders if everyone withdraws their profits at once. This shows their financial stability and commitment to their traders.
The company doesn’t allow cheating in its simulated trading environment. Things like arbitrage and grid trading are off-limits. It has clear written rules about what traders can and can’t do in its programs.
FT+ takes data security seriously. To keep user information safe from unauthorized access, it uses encryption and strict access controls. It also regularly audits its systems for potential security weaknesses.
Accepted Countries
The London-based prop firm offers its services internationally and is available in most countries. However, it doesn’t offer services to certain countries, such as Cuba, North Korea, Iran, and Syria.
The prop firm has also stopped accepting new traders from the United States. They’re not the only ones doing this. Several other prop trading firms have made similar moves lately. It seems to be a trend in the prop trading industry where these companies are either completely stopping services for U.S. clients or at least not taking on any new ones from the U.S. for the time being.
- Australia: Yes, registration is possible
- Canada: Yes, registration is possible
- Ghana: Yes, registration is possible
- Hong Kong: Yes, registration is possible
- India: No, registration isn’t possible
- Ireland: Yes, registration is possible
- Kenya: Yes, registration is possible
- New Zealand: Yes, registration is possible
- Nigeria: Yes, registration is possible
- Pakistan: Yes, registration is possible
- Philippines: Yes, registration is possible
- Singapore: Yes, registration is possible
- South Africa: Yes, registration is possible
- United Kingdom: Yes, registration is possible
- United States: Temporarily suspended
Evaluation Process
The Funded Trading Plus offers a variety of trading programs for trader evaluation. Depending on the trading results, traders can be awarded a funded account. These programs are designed to find out potential trading talents.
Experienced (One-Phase)
This program evaluates traders using a single phase for accounts between $12,500 and $200,000. The goal is to achieve a 10% profit while following strict risk management rules.
Traders can use high leverage, up to 30 times their account value, but losses are limited to protect their capital. These limits include a maximum loss of 6% overall and a 4% daily loss limit. If you manage to achieve trading success and meet these criteria, you will become an “FT+ TRADER” and be given funds to trade with.
| Starting Capital | $12,500 | $25,000 | $50,000 | $100,000 | $200,000 |
|---|---|---|---|---|---|
| Profit Target | $1,250 | $2,500 | $5,000 | $10,000 | $20,000 |
| Maximum Daily Loss | $500 | $1,000 | $2,000 | $4,000 | $8,000 |
| Maximum Loss | $750 | $1,500 | $3,000 | $6,000 | $12,000 |
| Minimum Trading Days | 0 | 0 | 0 | 0 | 0 |
| Fee (Refundable) | $119 | $199 | $349 | $499 | $949 |
| Discount | Check now | Check now | Check now | Check now | Check now |
Premium & Advanced (Two-Phase)
There are two options for two-phased programs: the advanced program and the premium program. The Advanced program offers a slightly different approach compared to the Premium program. It costs less than the Premium option, making it a bit more affordable for traders looking to join the program.
The main difference lies in the profit targets for Phase One. The Advanced program sets a higher bar with a 10% profit target, while the Premium program requires 8%. This means the Advanced program is more challenging right from the start. However, both programs share the same 5% profit target for Phase Two.
In terms of risk management, the Advanced program has more wiggle room, as the maximum loss is set at 8% compared to 10% for the Premium program. Both offer a high leverage of 30:1 throughout the program for simulated trading accounts.
Overall, the Advanced program is cheaper but more challenging in the first phase. It might appeal to more confident traders who believe they can hit the higher initial profit target.
Premium Program
| Starting Capital | $25,000 | $50,000 | $100,000 | $200,000 |
|---|---|---|---|---|
| Profit Target | $2,000 | $4,000 | $8,000 | $16,000 |
| Maximum Daily Loss | $1,000 | $2,000 | $4,000 | $8,000 |
| Maximum Loss | $2,000 | $4,000 | $8,000 | $16,000 |
| Minimum Trading Days | 0 | 0 | 0 | 0 |
| Fee (Refundable) | $247 | $397 | $547 | $1,097 |
| Discount | Check now | Check now | Check now | Check now |
Advanced Program
| Starting Capital | $25,000 | $50,000 | $100,000 | $200,000 |
|---|---|---|---|---|
| Profit Target | $2,500 | $5,000 | $10,000 | $20,000 |
| Maximum Daily Loss | $1,250 | $2,500 | $5,000 | $10,000 |
| Maximum Loss | $2,500 | $5,000 | $10,000 | $20,000 |
| Minimum Trading Days | 0 | 0 | 0 | 0 |
| Fee (Refundable) | $199 | $349 | $499 | $949 |
| Discount | Check now | Check now | Check now | Check now |
Master (Instant Funding)
It’s the most expensive program offered by Funded Trading Plus.
The Master program lets you skip the evaluation entirely. You pay a fee and get immediate access to a funded account. This is faster and more convenient but often comes with stricter rules. The account size options range from $5,000 to $100,00.
You can ask to scale up your account size. You become eligible for this each time you make a 10% profit on your simulated trades. If you start with a $25,000 account, you could request to scale up when you reach $27,500, then again at $30,250, and so on.
| Starting Capital | $5,000 | $10,000 | $25,000 | $50,000 | $100,000 |
|---|---|---|---|---|---|
| Profit Target | – | – | – | – | – |
| Maximum Daily Loss | $300 | $600 | $1,500 | $3,000 | $6,000 |
| Maximum Loss | $300 | $600 | $1,500 | $3,000 | $6,000 |
| Minimum Trading Days | 0 | 0 | 0 | 0 | 0 |
| Fee (Refundable) | $225 | $450 | $1,125 | $2,250 | $4,500 |
| Discount | Check now | Check now | Check now | Check now | Check now |
Challenge Trading Rules
As you try to meet the profit target, you’ll need to follow the challenge trading rules as well.
- Profit Target
- Profit Split
- Trading Period
- Minimum Trading Days
- Maximum Daily Loss
- Maximum Loss
- Maximum Position Size
- Maximum Capital Allocation and Multiple Accounts
- Trading Types
- Leverage
- Trading Style
- Trading Hours
- News Trading
- Weekend and Overnight Trading
- Expert Advisor
- Copy Trading
Profit Target
Funded Trading Plus offers different profit targets for different programs. In the single-phase program, traders aim for a 10% profit. The two-phase program has two options: Advanced and Premium.
The Advanced program is tougher, asking for 10% profit in the first phase, while the Premium program needs 8%. Both then require 5% in the second phase. The Instant-No Evaluation program doesn’t have a profit target to start, but you must hit 10% profit every time to grow your account.
Profit Split
The profit split starts at 80% for the trader on all account types, including instant-funded accounts. When a trader achieves 20% profit on their account, the profit split increases to 90% for the trader. If traders reach 30% profit, they can earn up to 100% of the profits, keeping all simulated gains for themselves.
This scaling profit split structure is quite generous compared to many other prop firms. The 80% starting split is particularly notable for instant funded accounts. That’s because many competitors offer only around 50% profit share on such accounts.
Trading Period
They don’t have a maximum trading period, but they have a simple rule to keep accounts active. You need to make at least one simulated trade every 30 days. They’ll suspend your account if you don’t trade for 30 days straight.
Minimum Trading Days
There’s no minimum number of trading days for you to get funded. If you’re good, you could pass their evaluations and get funding on your first day. It’s all about your performance, not how long you’ve traded with them.
Maximum Daily Loss
Funded Trading Plus has different daily loss limits for different programs.
In the Single Phase Experienced Trader Program, you can’t lose more than 4% of your previous day’s starting balance in a single day. For the Advanced Trader Program, the limit is a bit higher at 5%. The Premium Trader Program has set the daily loss limit at 4% of the previous day’s starting balance. You get a higher limit of 6% daily loss for the Instant Master Program.
Maximum Loss
If you’re in the Experienced Program, you can lose up to 6% of your account balance.
The Advanced Trader Program lets you risk more, with a 10% loss limit. The Premium Trader Program sits in the middle with an 8% limit. And for the Instant- No evaluation account, the limit is set at 6%. These limits aren’t fixed amounts as they change as your account balance changes. If you make money and your balance increases, you can risk more. If you take money out, your loss limit goes down. This way, the amount you can lose always matches how much money is in your account.
Maximum Position Size
The maximum position size you can trade with Funded Trading Plus depends on your account size, leverage, and the price of the asset:
Account size X leverage/asset value/contracts per lot = maximum lot size
For example, with a $100,000 account and 10x leverage:
- Buying power = $100,000 x 10 = $1,000,000
- If the Nasdaq price is 14,000
- Maximum lots = $1,000,000 / 14,000 / 10 = 7.14 lots
For this example, the maximum lot size would be 7.14 lots. The exact lot size will vary based on account size, leverage, and asset price.
Maximum Capital Allocation and Multiple Accounts
You can have as many evaluation accounts as you want. But you’re limited to two at a time when it comes to funded accounts.
They’ll merge accounts for you only if both accounts haven’t been traded yet. The biggest merged account they’ll allow is $200,000, which matches their highest-value program.
The maximum amount they’ll initially fund you with is $400,000. This could be one $200,000 Experienced account (or $250,000 if a “Boost” promotion is running), one $200,000 Advanced account, or one $200,000 Premium account. Remember, you can’t trade the same markets on different accounts at the same time.
Trading Types
It’s one of the best prop trading firms for forex trading. You can also trade crypto, indices and CFD with the firm.
Leverage
Funded Trading Plus keeps things simple with leverage. They offer you 30:1 leverage, which they think is just right for passing their evaluations.
The 30:1 leverage gives you enough room to trade effectively without going overboard. They’ve found that traders are 8-10 times more likely to pass with 30:1 leverage compared to programs offering 100:1 at firms like FTMO.
They do not favor very high leverage because it often leads to traders failing. It’s risky as you can lose money fast if you’re not careful. Plus, brokers sometimes push high leverage to make more money for themselves.
Trading Style
Funded Trading Plus gives you a lot of freedom with your trading strategies. You can use pretty much any strategy or style you like. This includes automated trading methods like EAs (Expert Advisors), algorithms, and bots. But you still need to follow the program’s rules and stay within the set limits.
Trading Hours
You can hold positions overnight and over weekends, except for Master programs. For Master program users, they have to close all trades by Friday 4 PM.
News Trading
Funded Trading Plus allows news trading across all their programs. This means you’re free to trade during big economic announcements or events.
Weekend and Overnight Trading
Funded Trading Plus allows weekend and overnight trading for almost all their programs. The one exception is their Master Trader Program. In this program, you can’t hold trades over the weekend. If you have any open trades on Friday, the system will automatically close them for you.
It’s not considered a hard breach. If your trades are automatically closed on Friday, your account won’t be shut down or penalized.
Expert Advisor
Yes, Expert Advisors (EAs) are allowed to use on Funded Trading Plus for all programs.
Copy Trading
They don’t allow any form of copy trading across accounts. This includes having the same positions open in the same market and direction on more than one account at the same time. For example, if you open a trade on Gold at 10:30 AM and close it at 11:30 AM on one account, you can’t open a Gold position on any other account during that time.
If you’re trading multiple accounts, you need to be careful about this rule. If they detect what looks like copy trading, they might flag your accounts, which could cancel your profits.
Trading Platforms
Funded Trading Plus offers several platform options. You can use MatchTrader in your web browser. Also, you can use DXTrade, cTrader, MetaTrader 4 and MetaTrader 5 on your desktop, mobile, or web.
Trading Instruments
The company allows trading on various financial instruments such as forex, commodities, indices, and some cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
To find out precisely which instruments you can trade on your account, you should check the Funded Trader Available Instruments sheet. This document provides a detailed list of all the trading options available to you.
Brokers
Funded Trading Plus partners with two brokers to handle your simulated trades: EightCap and ThinkMarkets. When you join one of their programs, you get to pick which of these two you want to use.
Both brokers work within Funded Trading Plus’s simulated-live trading environment. So, your trades feel like real market action even though you’re not using real money yet. EightCap is considered fully regulated. So, it adds an extra layer of security and credibility to the firm.
Other Products
The blog sections share success stories and advanced trading strategies of funded traders. It also features interviews with successful traders sharing their tips on profitable trading. The YouTube channel offers trading tips, strategies, and insights to help traders improve their skills and performance.
Apart from these and the trading programs, they don’t offer any other products.
Prices and Challenge Fees
The prices depend on which program you choose:
| Account Size | Experienced | Premium | Advanced | Master |
|---|---|---|---|---|
| $5,000 | – | – | – | $225 |
| $10,000 | – | – | – | $450 |
| $12,500 | $119 | – | – | – |
| $25,000 | $199 | $247 | $199 | $1,125 |
| $50,000 | $349 | $397 | $349 | $2,250 |
| $100,000 | $499 | $547 | $499 | $4,500 |
| $200,000 | $949 | $1,097 | $949 | – |
Payment Methods and Payout System
You can pay the deposit via Visa/Mastercard or cryptocurrency. With crypto payment, the account can be created in 1-12 hours.
For Experienced, Advanced, and Premium programs, you can make a withdrawal request once you’ve made $50 in simulated profit. After that, you can withdraw again every 7 days. For the Premium Program, you have to wait 7 days from when you start before your first withdrawal.
The Master Program also allows withdrawals after $50 in simulated profit. You can withdraw every 7 days, with $50 being the minimum amount.
To withdraw, go to your dashboard and click the ‘Withdrawal Request’ button. Before you do this, close all your open trades, and don’t start any new ones until your withdrawal is processed. Wait for account adjustment, then submit an invoice. Payments are processed within 48 hours, usually faster.
They offer cryptocurrency and bank transfer payment options. Popular crypto platforms like Coinbase and Binance can be used.
Registration and KYC
Follow the registration process below to sign up for the program:
- Visit the Funded Trading Plus website
- Choose your preferred account size and trading platform
- Fill up the account details and accept the terms and conditions
- Provide your payment method and make the payment
- After passing the evaluation test, apply for KYC verification
- Provide a government-issued ID and proof of address. You may need to upload front and back images of your ID
- After submitting the documents, your funded account will be activated soon afterward
Discount and Promo Code
Funded Trading Plus is running two special offers this month. First, they’re offering a 20% discount on resets for evaluations. To get this deal, use the code JULY20 when you’re resetting your evaluation.
Second, they’re giving a 10% discount on all new evaluations. Use the code JULY10 for this offer when you’re signing up for an evaluation.
Free Trial and Demo Account
Funded Trading Plus doesn’t offer a free trial or individual practice accounts. It does have a “Free Funded Trading Account” program, but it’s limited. Each week, they pick one person to get a $12,500 forex account for free in exchange for promoting the company on social media.
They provide demo accounts for these trading platforms: MetaTrader 4, MetaTrader 5, MatchTrader, DXTrade, and cTrader. These demos aren’t for personal practice. Instead, they’re meant to show you how the platforms work. You can use them to check things like spreads, how fast trades are executed, and what lot sizes are available. This helps you understand the trading conditions before you commit to a program.
Mobile App
Funded Trading Plus doesn’t have its own mobile app. Instead, it offers mobile access through the trading platforms it partners with.
Customer Service and Support
Funded Trading Plus provides 24/7 customer support through several channels. If you need help, go to their “Contact Us” page and fill out the website form with your question.
Funded Trading Plus customer service agents will respond by email and send you a link for a live chat. If you prefer talking to someone directly, you can call them. Their phone support connects you to an agent quickly.
Taxes
Funded Trading Plus treats its traders as independent contractors, not employees. This means you’re responsible for your taxes. The company, based in the UK, doesn’t report your earnings to the IRS if you’re in the US or other countries’ tax authorities.
When you earn money, you’ll need to invoice the company. They’ll give you a contractor service agreement to formalize this arrangement. It’s up to you to report your earnings to your country’s tax authorities. For US citizens, you decide how to report your earnings to the IRS. UK traders need to report to HMRC themselves.
Funded Trading Plus doesn’t offer tax advice. They leave it to you to handle your tax obligations correctly. Consult with a tax professional to make sure everything goes smoothly and learn more in our dedicated guide about “Prop Trading Taxes“.
Alternatives and Competitors of Funded Trading Plus
Here are some alternatives to Funded Trading Plus you can check out:
RebelsFunding
RebelsFunding offers a profit-sharing model where traders can earn between 50% and 90% of the profits. The firm also offers a wide range of starting capital options, from $1,000 to $320,000. In addition, there’s an option to start trading immediately without any evaluation period.
City Traders Imperium
City Traders Imperium is one of the few Prop Trading firms that offers a live account without prior evaluation. Also, the profit split between the trader and the firm can be up to 100% in favor of the trader at City Traders Imperium. Successful traders can earn an extra monthly base salary of up to $500.
Earn2Trade
Earn2Trade offers a detailed training program that includes webinars, videos, and a complete crash course to teach traders the fundamentals of futures trading. Also, they offer a generous profit-sharing model, where traders receive 80% of the profits.
Conclusion
From our experience, Funded Trading Plus is a legitimate and reputable prop firm in the industry. From the one-phase Experienced Trader Program to the two-phase Advanced and Premium options, and even an Instant Funding choice, traders of all levels can find an option for them.
Sign up with Funded Trading Plus now!
The profit split starts at 80% and can even reach 100% if you trade successfully. The best thing is that traders can get funded on their first day if they perform well. So, don’t let another profitable day slip by – join Funded Trading Plus now!
Frequently Asked Questions
In this section, we’ve compiled all the relevant questions about the prop trading firm.
Is Funded Trading Plus legit or a scam?
Based on our trading experience and user reviews, it is a legit proprietary trading firm. With over 2,100 people from the trading community sharing their positive experiences on Trustpilot, it gets easy to trust them. Learn more about this in the “Safety and Regulation” section.
Is Funded Trading Plus regulated?
Funded Trading Plus is not a regulated prop firm. Learn more about this in the “Safety and Regulation” section.
What is Funded Trading Plus?
Funded Trading Plus is a proprietary trading firm that provides trading programs where traders can access capital to trade various financial instruments without risking their own money. Learn more about this in our “About Funded Trading Plus” section.
What broker does Funded Trading Plus use?
Funded Trading Plus partners with two brokers: EightCap and ThinkMarkets. Learn more about this in the “Brokers” section.
How many Funded Trading Plus accounts can I have?
You can have multiple accounts, but only two will get funded. Learn more about this in the “Challenge Trading Rules” section.
Where is Funded Trading Plus located?
Funded Trading Plus is located in London, UK, headquartered at 7 Bell Yard, London, WC2A 2JR. Learn more about this in the “About Funded Trading Plus” section.
Does Funded Trading Plus allow an expert advisor or copy trading?
Yes, Funded Trading Plus allows expert advisors and prohibits copy trading. Learn more about this in the “Expert Advisor” and “Copy Trading” section.
Is Funded Trading Plus legal in the US?
Funded Trading Plus is a legal prop firm in the US. Learn more about this in the “Accepted Countries” section.
How long has Funded Trading Plus been around?
Funded Trading Plus was launched by the end of 2021. Learn more about it in the “About Funded Trading Plus” section.
How much does Funded Trading Plus cost?
The lowest price to enter the program is $119, and the highest price is $4,500. Learn more about this in the “Prices and Challenge Fees“.
How often does Funded Trading Plus payout?
You can make a payout request after you earn $50 in profit. Then, you can request a payout every 7 days. Learn more about this in the “Payment Methods and Payout System” section.
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