Are you a trader looking to join a prop firm? We’ve got you covered with this in-depth Funded Trading Plus review. We have what you need to get a complete picture of this service and see if it is right for you.
What Is Funded Trading Plus?
Funded Trading Plus was founded in 2021 by three traders: Simon M., James F., and Michael C. The firm is based in London and provides capital to traders, offering various account types like Experienced Trader, Advanced Trader, and Master Trader programs. The firm evolved from Trade Room Plus and collaborates with Wall Street experts. Simon Massey serves as the CEO, and James Frangleton is the Director of Operations. Funded Trading Plus has gained market share and offers client support, including 24/7 customer service. It provides opportunities for traders to manage funded accounts and allows traders to keep a significant share of the profits they generate.
Funded Trading Plus offers a comprehensive suite of services for traders looking for capital, mentorship, and a platform for trading, catering to various trading styles and experience levels. The firm is known for its transparent business practices and various supported instruments like CFDs and Futures.
Funded Trading Plus Reviews and Ratings
On Trustpilot, Funded Trading Plus scored a whopping 4.9/5 rating with over 1600 reviews. Here are a few of the Funded Trading Plus reviews:
“Funded trading plus provides no time limit to passing your challenge and that really took a lot of pressure off. I was able to take my time with set ups and didn’t feel rushed to force a setup that just wasn’t there. I was able to successfully complete my challenge. I had a positive experience with this company. Once I passed, they sent an email notification to me within a hour and then another hour later I received another email to start setting up my live account. I’m happy with my experience so far.”
“Funded Trading Plus is absolutely one of the best Prop Firms out there. The team behind them is amazing and the process of getting funded is easy. They have the fastest payouts in the industry. Funded Trading Plus is highly recommended!”
“Great customer service, very thorough and they genuinely care about their customers. They make an effort to resolve any issues and have the best rules in the business.”
Trading Funded Plus: Programs and Account Types
Experienced Trader
- Evaluation: Usually involves a single-phase evaluation where the trader must meet certain profit targets.
- Profit Split: Often starts with an 80/20 profit split, where the trader gets 80% of the profits.
- Drawdown Limits: There could be daily and maximum loss limits, typically expressed as a percentage of the account balance.
Advanced Trader
- Evaluation: Generally involves a two-phase evaluation with different profit targets for each phase.
- Profit Split: Similar to the Experienced Trader but may offer better terms as skills prove.
- Drawdown Limits: Usually more flexible drawdown limits compared to the Experienced Trader account.
Master Trader
- Evaluation: Some firms offer instant funding for this level, bypassing the traditional evaluation.
- Profit Split: Profit splits can range widely but are often more favorable, such as 90/10.
- Drawdown Limits: Typically the most flexible among the three types of accounts.
Each account type aims to cater to traders with varying levels of experience and risk tolerance. Always read the specific terms and conditions for each account type offered by a trading firm to fully understand the evaluation criteria, profit split ratios, and drawdown limits.
Funded Trading Plus Pros vs. Cons
Pros
- Flexible Challenge Timeframes: Funded Trading Plus offers various evaluation phases tailored to different types of traders, giving them ample time to prove their skills.
- Profit-Sharing: The firm offers profit splits between 70% to 90%.
- Diverse Trading Platforms: They support multiple trading platforms like MT4, MT5, and TradingView.
- User-Friendly Dashboard: A clear and easy-to-use interface helps traders manage their activities effectively.
- Strong Customer Support: Excellent customer service, particularly from Simon Massey, aids traders in navigating the platform and its features.
- High-Caliber Programs: The programs are aimed at empowering high-caliber traders, offering scalable funding up to $2.5 million.
- Coupon Program: There is a Funded Trading Plus coupon that users can use to save money on their subscription.
Cons
- Strict Criteria: The firm has strict but achievable assessment criteria, involving profit targets, drawdown limits, and risk parameters.
- Constraints: There are limitations like maximum drawdown restrictions and day-only position constraints.
- Risk Management Review: While this could also be seen as a pro, some traders might find their risk management review to be stringent.
When considered in its totality, Funded Trading Plus offers a supportive and trader-friendly approach, with its advantages significantly outweighing the disadvantages.
Who Is Funded Trading Plus Best For?
The trading programs are designed to cater to two main types of traders:
Skilled Traders
- Who They Are: Traders who have honed their skills in market research, analysis, and strategy adaptation.
- What’s Offered: Tailored programs that allow them to further showcase their expertise. These programs likely include complex trading strategies and potentially higher risk-reward ratios.
- They Benefit: Such programs allow skilled traders to leverage their capabilities for higher gains, often with support for expert advisors and specialized trading software.
Risk-Averse Traders
- Who They Are: Traders who prioritize safety and aim for long-term, consistent profits.
- What’s Offered: Programs that focus on low-risk trading strategies, often with the inclusion of strong risk management tools.
- How They Benefit: Such traders can benefit from programs that emphasize responsible trading and offer features like stop-loss levels and position sizing to minimize risks
Funded Trading Plus Review: Final Thoughts
So, should you try Funded Trading Plus? With low risk and high reward, it’s definitely worth a shot. However, always make sure to read reviews and do your own research before diving in.
Funded Trading Plus stands out for its flexibility, support, and technology as one of the best prop trading firms. There are some limitations, but the high Trustpilot score suggests these aren’t deal-breakers for most. If you are a skilled, risk-averse trader, this could be a great fit for you, especially with an alluring Funded Trading Plus coupon.
Funded Trading Plus makes a strong case for being a reliable and efficient prop trading firm. It’s worth a look for any trader aiming to take their game to the next level. Click here and give it a try today.
