Funded Trading Plus Review 2024

Funded Trading Plus Review and Analysis

Overview

Funded Trading Plus, officially known as FTP London Ltd, is a proprietary trading firm established on November 2, 2021, and headquartered in London, UK. Managed by CEO Simon Massey, the firm partners with ThinkMarkets as its broker to offer traders a range of options including four account types, one-step and two-step evaluations, and an instant funding program.

Funded Trading Plus is designed for those looking to enter professional trading without committing large amounts of personal capital. The firm provides clear regulations and attractive terms, including profit guarantees of up to 90% and competitive pricing. Traders can start with an entry-level program for $12,500, and potentially manage accounts up to $2,500,000.

The platform supports a variety of trading instruments, including forex pairs, indices, cryptocurrencies, and commodities. Its user-friendly interface and detailed dashboard facilitate effective risk management and analysis.

In this review, we'll explore the features and benefits of Funded Trading Plus, offering a comprehensive evaluation to help you determine if it's the right fit for your trading needs.

Funded Accounts

Funded Trading Plus offers four distinct account types: Experienced, Advanced Trader, Premium Trader, and Master Trader programs. Each program begins with an evaluation phase and provides different account sizes and pricing structures.

• Experienced Trader: This program includes a single evaluation phase.
• Advanced Trader and Premium Trader: Both require two evaluation phases.
• Master Trader: This level bypasses the evaluation phase entirely.

Profit sharing is generous across all programs, ranging from 80/20% to 100/0% in favor of the trader. The profit target for all accounts is 10%, with leverage set at up to 30:1.

Traders must adhere to specific rules that vary by program to avoid failing the evaluation or challenge. Once funded, traders can scale their accounts up to $2.5 million, provided they meet the profit targets and maintain the necessary balance. Profits do not need to be retained to achieve account scaling; traders can request an upgrade upon reaching the 10% profit target at their current level.

Challenge Overview

Funded Trading Plus offers four distinct trading programs: Experienced, Premium, Advanced, and Master. Each program has specific daily and maximum loss limits, and profit targets vary for challenge-based programs. All programs offer up to 1:30 leverage and access to MetaTrader platforms. The scaling plan is uniform across programs, where every 10% profit increases the balance by 10%. Profit splits start at 80/20% and can rise to 90/10% or even 100/0% for regular traders.

Trading is facilitated through partnerships with Eightcap and ThinkMarkets, offering a wide range of instruments including CFDs on currency pairs, indices, precious metals, energies, and cryptocurrencies. There are about 200 assets available, with competitive spreads starting from 0 pips and fees of $7 per lot for the EUR/USD pair. Some assets incur no fees, only spreads.

Traders can choose their initial fee based on their required trading capital and willingness to complete a challenge. The least expensive option is $119 for a one-phase challenge with a $12,500 account, while the most costly is $4,500 for immediate real trading with a $100,000 balance. Fees are one-time and refundable for challenge programs. Technical support is available 24/7 via phone, email, live chat, and the website's ticket system.

Pros and Cons

Let’s talk about the good stuff …

• Flexible Timeframe: No time limit to pass challenges, allowing you to work at your own pace—whether you want to complete them quickly or take your time.
• Variety of Programs: Funded Trading Plus offers a good selection of programs, including instant funding, 1-step, and 2-step challenges, giving traders multiple pathways to success.
• Instant Funding Withdrawals: On the instant funding program, withdrawals can be made from the very first day, providing immediate access to earnings.
• High Profit Split: With Funded Trading Plus, you can earn up to a 100% profit split, which is rare and highly competitive in the industry.
• Fast Payouts: Payments can be received in as little as 1 day, ensuring quick access to your profits.

...and the bad

• No Free Trial: Funded Trading Plus does not offer a free trial to test its platforms, which may deter potential users from experiencing the service before committing.
• Restrictions on Weekend Trades: You are unable to hold trades over the weekend on the instant funding account, limiting longer-term trading strategies.
• Limited Leverage: The leverage offered is not particularly high, which may be a drawback for traders looking for more aggressive trading options, though it is still suitable for day trading and scalping with proper risk management.

Evaluation Metrics

Overall metrics

• Challenge difficulty: Funded Trading Plus offers significant flexibility by allowing traders to hold positions overnight and over the weekend. There is no time limit for completing the assessment phase, and traders can use any strategies, including Expert Advisors, as long as they do not involve arbitraging methods.
• Customer support: Funded Trading Plus offers 24/7 customer service through email and live chat, yet support is not multilingual and only available in English.
• Fee: The prices for Funded Trading Plus programs vary based on the account size you choose. For smaller funded accounts, the initial fees start at $119, while larger accounts can cost up to $4,500.
• Payout scheme: At Funded Trading Plus, the payout scheme is designed to be both flexible and rewarding. For the Experienced Trader, Advanced Trader, and Master Trader Programs, you can receive your first payout on day one if you generate a profit. After the initial payout, you are eligible for subsequent payouts every 7 calendar days, provided you exceed the initial account size. Profit splits are generous, ranging from 80% to 100% based on your profits. In the Premium Trader Program, the process is slightly different: payouts can be accessed after just 7 calendar days of reaching funded status, with future payouts available every 7 calendar days if you surpass the initial account size. Profit splits in the Premium Trader Program are also favorable, ranging from 80% to 100%. This structure ensures that traders benefit from their profits efficiently and consistently across all programs.

Meet the CEO

Simon Massey is the CEO of Funded Trading Plus. Originally pursuing a career as a first responder, he discovered that this path did not align with his long-term goals. After a decade in emergency services, Simon took a leave to explore alternative career options. Inspired by his friend Pasha, a former Wall Street trader, Simon shifted his focus to finance and began trading full-time.

Alongside his trading career, Simon co-founded Trade Room Plus with Michael to mentor and support aspiring traders. Funded Trading Plus was born from the realization that significant trading capital, like that which Pasha had access to, could greatly benefit individual traders. The firm aims to provide opportunities for traders to work with larger amounts of capital that would otherwise be out of reach.

Frequently Asked Questions (FAQs):