Funded Trading Plus Review 2024: Pros, Cons and How It Compares

In this article, you’ll find a comprehensive prop firm review with details on how to get funded with a funded trading account by Funded Trading Plus.

Funded Trading Plus is a UK-based prop trading firm that provides a broad range of funded trader programs ranging from $119 to $4,500 one-time participation fees.

What Is Funded Trading Plus?

Funded Trading Plus

Funded Trading Plus is a proprietary trading firm with offices located in the United Kingdom’s capital, London. The company was founded in 2021.

Is Funded Trading Plus Legit?

Funded Trading Plus officially discloses their company details on their website:

  • FTP London Ltd, 7 Bell Yard, London, WC2A 2JR
  • Company Number: 13719292
  • UK VAT Number: 413 8673 88
  • European VAT Number: EU372045061
  • Email: support@fundedtradingplus.com
  • Phone: +44 333 090 9800

On Trustpilot, Funded Trading Plus has a great reputation, with an average rating of 4.9/5 based on 1,862 reviews (as of October 2023).

What Assets Can You Trade with Funded Trading Plus?

Funded Trading Plus specializes in CFD trading, which includes a broad list of over 800 available instruments in multiple asset classes to trade:

  • Forex: 12 major pairs (EURUSD, GBPUSD, AUDUSD, etc.) and 50+ other forex pairs.
  • Indices: 9 major indices (SPX500, US30, GER30, etc.) and 6 minor indices (JAPAN225, VIX, US2000, etc.)
  • Commodities: Gold, Silver, Platinum, Spot Brent Crude Oil, Spot WTI Crude Oil.
  • Cryptocurrencies: Popular coins (BTCUSD, ETHUSD, LTCUSD, DOGEUSD, etc.) and 100+ other coins, coin crosses and crypto indices like CRYPTO10, CRYPTO25, and ALT10.

Futures trading is not available with Funded Trading Plus.

Does Funded Trading Plus Offer Instant Funding – No Evaluation Accounts?

Yes, Funded Trading Plus offers an instant funding option with no evaluation phase in their Master Trader Program. Here, you can choose between the following account sizes:

  • $5,000 account for $225
  • $10,000 account for $450
  • $25,000 account for $1,125
  • $50,000 account for $2,250
  • $100,000 account for $4,500

The rules across all instant funding account sizes are similar. You have unlimited trading days, and you can take all the time you need. Yet, you need to place at least one trade per every 30 days to keep your account active and avoid suspension due to inactivity.

For the first 20% of profits, your profit split is 70/30, where you keep 70% of the profits made ready for withdrawal. Then, until you reach a 20% profit, you increase the profit split to 80/20 before it finally increases to 90/10 with profits above 30%.

There is no minimum of trading days, no profit target, and no daily loss limit. You trade with a leverage of max. 30:1, and scaling plans are available at every 10% profits on request.

The maximum loss is defined as a relative drawdown, where you start with a 5% drawdown. As long as you stay above the drawdown number, your account remains active. Once your profits go beyond 5%, your drawdown allowance increases.

You can always calculate your exact values by using the Funded Trading Plus drawdown calculator.

Does Funded Trading Plus Offer One-Phase Evaluations?

Yes, Funded Trading Plus offers one-phase evaluations with their Experienced Trader program. Here, you can choose between the following account sizes:

  • $15,000 account for $119
  • $30,000 account for $199
  • $60,000 account for $349
  • $125,000 account for $499
  • $250,000 account for $999

A one-phase evaluation means that you go through one evaluation phase until you get rewarded with an FT+ Trader account, where you can earn profits ready for withdrawal to your bank account.

The rules across all one-phase funding account sizes are similar. You have unlimited trading days, and you can take all the time you need. Yet, you need to place at least one trade per every 30 days to keep your account active and avoid suspension due to inactivity.

In phase one, you have to reach a 10% profit target during evaluation to get access to your FT+ Trader account. That means that profits made in phase one of the evaluation can’t be withdrawn. But once you make profits with the FT+ Trader account, you can withdraw profits.

For the first 20% of profits, your profit split is 80/20, where you keep 80% of the profits made ready for withdrawal. At 20% in profits, your profit split increases to 90/10.

There is no minimum of trading days. You trade with a leverage of max. 30:1, and scaling plans are available at every 10% profits on request.

The maximum loss is defined as a relative drawdown, where you start with a 6% drawdown. As long as you stay above the drawdown number, your account remains active. Once your profits go beyond 6%, your drawdown allowance increases.

Your daily loss limit is always 50% of the value of your maximum loss limit. You can always calculate your exact values by using the Funded Trading Plus drawdown calculator.

Does Funded Trading Plus Offer Two-Phase Evaluations?

Yes, Funded Trading Plus offers two-phase evaluations with their Advanced and Premium Trader programs.

In the Advance Trader Program with the two-phase evaluations, you can choose between the following account sizes:

  • $25,000 account for $199
  • $50,000 account for $349
  • $100,000 account for $499
  • $200,000 account for $999

In the Premium Trader Program with the two-phase evaluations, you can choose between the following account sizes:

  • $25,000 account for $247
  • $50,000 account for $397
  • $100,000 account for $549
  • $200,000 account for $1,097

As you can see, the Premium two-phase evaluation is more expensive. That’s because the profit target is only 8% in the Premium program and 10% in the Advanced program.

Additional benefits of the more expensive Premium Trader Program are that you can hold positions over the weekend and that no stop loss is required. In contrast, the Advanced Trader Program with the two-evaluation phases does not allow holding positions over the weekend, and it is a stop loss required.

A two-phase evaluation means that you go through two evaluation phases until you get rewarded with an FT+ Trader account, where you can earn profits ready for withdrawal to your bank account.

The rules across all two-phase funding account sizes are similar (except the ones mentioned before). You have unlimited trading days, and you can take all the time you need. Yet, you need to place at least one trade per every 30 days to keep your account active and avoid suspension due to inactivity.

In phase one, you have to reach an 8% (Premium Program) or 10% (Advanced Program) profit target during evaluation and another profit of 5% during phase two to get access to your FT+ Trader account. That means that profits made in phase one and phase two of the evaluation can’t be withdrawn. But once you make profits with the FT+ Trader account, you can withdraw profits.

For the first 20% of profits, your profit split is 80/20, where you keep 80% of the profits made ready for withdrawal. At 20% in profits, your profit split increases to 90/10.

There is no minimum of trading days. You trade with a leverage of max. 30:1, and scaling plans are available at every 20% profit on request.

The maximum loss is defined as a relative drawdown, where you start with a 10% drawdown in the Advanced Program and an 8% drawdown limit in the Premium Program. As long as you stay above the drawdown number, your account remains active.

Once your profits go beyond 8%/10%, your drawdown allowance increases. Your daily loss limit is always 50% of the value of your maximum loss limit. You can always calculate your exact values by using the Funded Trading Plus drawdown calculator.

Payout Options

As of October 2023, only crypto payouts are available. All other methods are currently not supported.

Does Funded Trading Plus offer Evaluation Fee Refunds?

Yes, Funded Trading Plus refunds fees if a trader reaches the 10% simulated profit target on the FT+ Trader phase upon request. So, once you have successfully gone through the evaluation phase and made it to the FT+ Trader phase, contact Funded Trading Plus for the refund once you reach a profit of 10%.

What is Funded Trading Plus’ Partner Broker?

Funded Trading Plus partner Broker is EightCap, a globally trusted CFD broker funded in 2009 in Melbourne, Australia. EightCap made it to the Annual Awards by ForexBrokers.com, was the Winner Global Broker of the Year at the Global Forex Awards 2023 Retail, and has excellent Trustpilot and Google ratings.

What Trading Platforms Does Funded Trading Plus Offer?

Funded Trading Plus lets you choose between the preferred MetaTrader 5 platform, where you have full access to all markets and where you can trade over the weekend if allowed. Alternatively, you decide on the legacy MetaTrader 4 platform, where access to crypto is limited but where full access to all other markets is possible.

Do I Trade with Simulated Funds or Real Money at Funded Trading Plus?

With Funded Trading Plus, you trade under simulated live conditions at all times. That means there is no risk to the capital at any time.

When Can I Start Withdrawing Money from Funded Trading Plus?

Upon passing the Funded Trading Plus evaluation stages, you receive access to the FT+ Trader account, where you can withdraw real funds based on the profit split conditions to your bank account.

What Payment Methods Does Funded Trading Plus offer?

Funded Trading Plus offers payments via credit card and cryptocurrency.

In What Currency Will My Account Balance Be?

All Funded Trading Plus accounts are held in USD as base currency.

Am I allowed to use Expert Advisors (EA), Bots and Algos with Funded Trading Plus?

Yes, using Expert Advisors, Bots and Algos is allowed. However, be mindful when using your EA strategies since extensive use or cheating with arbitrage or grid trading strategies is prohibited.

Pros

  • Over 800 tradeable instruments across multiple asset classes
  • Excellent review ratings
  • Wide range of funded accounts
  • Payouts via Wise by ACH – transfers and solutions for international transfers
  • Competitive pricing structure
  • Profit split ranging between 70% and 90%

Cons

  • Futures trading is not available
  • Payouts only via cryptocurrency
Alexander Voigt, CEO
Article by
Alexander Voigt is the founder of DayTradingZ, was a regular contributor to Benzinga and has been featured and quoted on leading financial websites such as Investors.com, Capital.com, Business Insider and Forbes.
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