“Funded Trading Plus Review: A Comprehensive Analysis of a Promising Trading Program”

Who are Funded Trading Plus?

Established on November 2, 2021, and officially launched on December 16, 2021, Funded Trading Plus operates as a proprietary trading firm with its headquarters situated in London, UK. Their partnership with EightCap, an ASIC-regulated broker based in Melbourne, Australia, has allowed them to integrate their technology seamlessly.
Their principal place of business is at 7 Bell Yard, London, England, WC2A 2JR.

Who’s the CEO of Funded Trading Plus?

Simon Massey serves as the Chief Executive Officer (CEO) of Funded Trading Plus, a financial enterprise. As a young individual, he initially pursued a career in emergency services as a first responder, driven by his adrenaline-fueled nature. However, after a decade of service, Simon discerned that this path did not align with his long-term goals, prompting him to take a sabbatical and contemplate his prospects.

During this period, Simon received inspiration from his acquaintance, Pasha, who had previously worked as a trader for a prominent Wall Street bank and achieved success as a retail trader. Through his interactions with Pasha, Simon recognized the myriad possibilities within the financial sector, which motivated him to venture into independent trading. After a couple of years, Simon decided to resign from his job and fully dedicate himself to trading.

Beyond his personal trading endeavors, Simon also devoted attention to assisting and mentoring others in their trading journeys. This led to the establishment of Trade Room Plus, a platform where he and Michael could share their expertise and guide individuals in initiating their trading pursuits. However, the concept of Funded Trading Plus originated from Pasha’s substantial advantage over typical retail traders—access to significant capital resources. By forming a proprietary trading firm, Simon and his team enable individuals to engage in trading activities with higher capital amounts that would typically be inaccessible to average retail traders

The founding program options:

Funded Trading Plus offers its trader three different programs to choose from:

– Experienced trader program

– The advanced trader program

– Master trader program

Experienced trader program:

The Funded Trading Plus experienced trader program entails meeting evaluation requirements without any time constraints, granting traders the ability to trade with a leverage ratio of 1:30.

During the evaluation phase, traders must achieve a profit target of 10% while adhering to the 3% maximum daily loss and 6% maximum trailing drawdown rules. It is worth noting that there are no specific trading day obligations during the evaluation phase, providing traders with the flexibility to trade at their own pace.

Upon successful completion of the evaluation phase, traders are granted a funded account with no profit targets. The only requirements are to maintain the 3% maximum daily loss and 6% maximum trailing drawdown rules. Traders may request payouts by generating a profit of over $50 once per week. It is important to mention that the initial profit split is set at 80%, but it can be increased up to 90% when the trader scales their account for the first time.

• • • The profit target refers to a specific percentage of profit that traders must achieve before they can successfully conclude an evaluation phase, withdraw profits, or expand their accounts. During the evaluation phase, the profit target is set at 10%.
    • The maximum daily loss represents the highest allowable amount of loss that traders can incur within a single day before their account becomes in violation. For all account sizes, the maximum daily loss is limited to 3%.
    • The maximum trailing drawdown denotes the greatest decline in the account balance, measured as the difference between the highest balance achieved and the maximum drawdown. For all account sizes, the maximum trailing drawdown is capped at 6%.
    • When considering third-party copy trading risk, it is important to acknowledge that utilizing a third-party copy trading service may involve other traders employing the same trading strategy. Consequently, there is a potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.
    • Third-party EA risk pertains to the usage of a third-party EA (Expert Advisor) where other traders might also be utilizing the identical trading strategy. Employing a third-party EA entails the potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is surpassed.
    • Additionally, the experienced trader program includes a scaling plan, which is provided in the accompanying spreadsheet. To be eligible for scaling up their account, traders only need to achieve a profit target of 10%. Withdrawals are allowed before scaling up, but it is necessary to maintain a minimum of 10% profit in the account to proceed with scaling up.

      Example:

      1. $200,000 – starting account balance
      2. $216,000 – drawdown now fixed at $200,000
      3. $216,000 – $6,000 = $210,000 – new balance after withdrawal
      4. $210,000 + $16,000 = $226,000 – new account balance
      5. $226,000 + $200,000 = $426,000 – scaled up account with profit, drawdown now fixed at $400,000
      6. $426,000 – $10,000 = $416,000 – new balance after withdrawal

      This example shows us how a trader may decide to manage their account by withdrawing profits along the way while also being able to scale up.

      Trading instruments for the experienced trader program account are forex pairs, commodities, indices, and cryptocurrencies.

      Experience trader program account rules

The advace trader program account:

Funded Trading Plus offers an advanced trader program account that aims to identify dedicated and skilled traders who are rewarded based on their consistent performance during a two-phase evaluation period. During this evaluation period, traders are permitted to trade with leverage of up to 1:30.

In the first phase of evaluation, traders are required to achieve a profit target of 10% without exceeding a maximum daily loss of 5% or a maximum trailing drawdown of 10%. There are no specific minimum or maximum trading day requirements to proceed to the second phase.
In the second phase of evaluation, traders must reach a profit target of 5% while adhering to the same maximum daily loss and maximum trailing drawdown rules. Again, there are no minimum or maximum trading day requirements to qualify for a funded account.

Upon successfully completing both evaluation phases, traders are granted a funded account, where they are not given specific profit targets. The only requirements are to adhere to the maximum daily loss of 5% and maximum trailing drawdown of 10%. Traders can request a payout by achieving a weekly profit of over $50. It is important to note that initially, there is an 80% profit split, which can be increased up to 90% when the account is scaled for the first time.

The advanced trader program accounts also include a scaling plan, which is outlined in the provided spreadsheet. To be eligible for scaling up the account, the sole requirement is to reach a profit target of 20%. While withdrawals can be made before scaling up, it is mandatory to have a profit of at least 20% in the account to proceed with scaling up.

Example:

1. $100,000 – starting account balance
2. $116,000 – drawdown now fixed at $100,000
3. $116,000 – $6,000 = $110,000 – new balance after withdrawal
4. $110,000 + $16,000 = $126,000 – new account balance
5. $126,000 + $100,000 = $226,000 – scaled up account with profit, drawdown now fixed at $200,000
6. $226,000 – $10,000 = $216,000 – new balance after withdrawal

This example shows us how a trader may decide to manage their account by withdrawing profits along the way while also being able to scale up.

Trading instruments for the advanced trader program account are forex pairs, commodities, indices, and cryptocurrencies. 

The advanced trader program account rules

• A profit target refers to a specified percentage of profit that traders must achieve before they can successfully complete an evaluation phase, withdraw profits, or expand their trading account. In phase 1, the profit target is set at 10%, while phase 2 requires a profit target of 5%. However, funded accounts are exempt from profit targets.
• The maximum daily loss represents the highest allowable amount of loss that traders can incur on a daily basis without violating their account terms. For all account sizes, the maximum daily loss is limited to 5%.
• Maximum trailing drawdown indicates the largest decline in an account’s balance from its highest point to the lowest point. This drawdown is measured as a percentage of the account’s highest balance. Regardless of the account size, the maximum trailing drawdown is set at 10%.
• Stop-loss required mandates that traders must set a stop-loss order for every trade before they can initiate the position.
• No weekend holding policy prohibits traders from maintaining open positions over the weekends.
• Third-party copy trading risk highlights the potential hazards associated with utilizing copy trading services from external providers. It is important to be aware that such services may already be utilized by other traders employing identical trading strategies. By opting for a third-party copy trading service, there is a risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.
• Third-party EA risk emphasizes the potential risks involved in using third-party Expert Advisors (EAs) for trading purposes. Similar to copy trading, other traders may already be using the same trading strategy through the third-party EA. Employing such an EA carries the risk of being denied a funded account or withdrawal if the maximum capital allocation rule is surpassed.

Is getting Funded Trading Plus capital realistic?

When evaluating prop firms that align with your forex trading style, it is crucial to assess the attainability of their trading requirements. While the proposition of a company offering a high percentage profit split on a generously funded account may initially seem appealing, it is important to consider the expectation of achieving high percentage gains per month while maintaining a low percentage of maximum drawdowns. Such conditions significantly diminish the likelihood of achieving success in this scenario.

The feasibility of receiving capital through the experienced trader program accounts is primarily based on their reasonable profit targets (averaging 10%) and the implementation of maximum loss regulations (3% maximum daily and 6% maximum trailing drawdown).
Similarly, the attainability of receiving capital through the advanced trader program accounts is primarily based on their realistic profit targets (10% in phase one and 5% in phase two) and the application of maximum loss rules (5% maximum daily loss and 10% maximum trailing drawdown).

Receiving capital through the master trader programs is also a viable option since these are direct funding programs that allow you to start earning immediately. There are no profit targets to meet, and you have the flexibility to request withdrawals every week.
Taking all of these factors into consideration, Funded Trading Plus presents an excellent choice for securing funding. Their three distinct funding programs offer realistic trading objectives to adhere to and establish conditions for receiving

Payment proof

Funded Trading Plus is a proprietary trading firm incorporated on the 2nd of November, 2021, and officially launched on the 16th of December, 2021. You can find most of their payment proof on their Discord, under the channel ”payouts”.

Another source of payment proof would be their Youtube channel where they interview their successful traders.

Which brokers do Funded Trading Plus use?

Funded Trading Plus has successfully integrated its technology with Eightcap, an ASIC-regulated broker based in Melbourne, Australia. Established in 2009, Eightcap operates with a clear objective of delivering exceptional financial services to its clientele. With a global presence across five offices and regulatory compliance in multiple jurisdictions, they offer clients worldwide the opportunity to engage in trading across various markets, including FX, indices, commodities, and shares.

Eightcap is considered average-risk, with an overall Trust Score of 73 out of 99. They have the following features:

1. Forex Trading
2. CFD Trading
3. Cryptocurrency Trading
4. Social Trading/Copy-Trading
5. A total of 326 Tradeable Symbols
6. A total of 45 Forex Pairs

Eightcap provides two distinct types of trading accounts: Raw and Standard. The choice between these two options will determine the applicable commissions and fees. Standard accounts incorporate fees within the spread, whereas Raw accounts involve commissions. It is important to note the existence of overnight fees, which represent the interest charged for holding open positions overnight.

Being exclusively a MetaTrader broker, Eightcap offers access to both MetaTrader 4 and the newer MetaTrader 5 platforms developed by MetaQuotes Software Corporation. These platforms serve as the foundation for a personalized trading experience, supported by an efficient technological infrastructure. In recognition of their accomplishments, Eightcap received the prestigious Best Global Forex MT4 Broker 2020 award at the Global Forex Awards

In summary, Eightcap collaborates with Funded Trading Plus to provide professional traders with integrated technology, adhering to regulatory standards as an ASIC-regulated broker. Their offerings encompass diverse markets and account types, with fees contingent upon the chosen account. Clients can access MetaTrader 4 and MetaTrader 5 platforms, which have been acclaimed for their user-friendly features and functionality.

Trading instruments: 

Funded Trading Plus offers a large variety of trading instruments. You are allowed to trade forex pairs, commodities, indices, and cryptocurrencies.

Trading fees

Education and support for traders

Funded Trading Plus is an extension of Trade Room Plus, which started in 2013 and is the leading UK live trade room for retail traders
While Funded Trading Plus doesn’t have their thread on ForexFactory, they have been mentioned numerous times in another thread named ‘’PROP FIRM HUB’’ made by a user named Mastermind.

They also provide a well-structured dashboard that all of their clients can access, making it easier to manage risk with all the objectives of their statistics.

Funding Trading Plus offers a comprehensive FAQ page that provides additional information and addresses common queries.
For direct assistance, the support team can be reached through their social media channels or via email at info@fundedtradingplus.com.
Their dedicated live chat support is actively available to receive and respond to messages. If an agent is not immediately available, a response will be sent to the provided email address within 24 hours.

To obtain further information, you may contact Funding Trading Plus directly by calling their telephone number: +44 333 090 9800.
Additionally, the Funding Trading Plus Discord channel serves as a platform where the support team and community members offer assistance and address any technical difficulties encountered.

Traders’ Comments about Funded Trading Plus

Funded Trading Plus has excellent feedback from its community.

Trustpilot boasts a diverse and extensive user community that actively engages by providing overwhelmingly positive feedback, as evidenced by an impressive score of 4.9 out of 5 based on 1,262 reviews.

Furthermore, Trustpilot is known for its efficient and dependable support team, readily available to furnish comprehensive information and address any uncertainties customers may have. Additionally, the platform receives widespread acclaim for its meticulously designed dashboard, a feature highly regarded by a significant portion of its user base.

Social media statistics

Funded Trading Plus can also be found on social media.

They have a:

• Facebook page with 12k followers,
• Twitter account with 380 followers, and
• Youtube channel with 3,31k subscribers and 30 uploaded videos.

They also have a Discord channel with 8,647 members.

Conclusion 

In summary, Funding Trading Plus is a reputable proprietary trading firm that provides traders with the opportunity to select from three distinct funding programs: Experienced, Advanced, and Master.

The Experienced Trader Program involves an evaluation process where participants must complete a phase to qualify for payouts. It necessitates achieving a profit target of 10% while adhering to maximum daily loss and maximum trailing drawdown rules of 3% and 6%, respectively. By participating in the Experienced Trader Program, traders can earn profit splits of up to 90% and have the ability to expand their trading accounts.

The Advanced Trader Program follows a two-phase evaluation challenge, which is an industry-standard. Traders must complete both phases to secure funding and become eligible for profit splits. Phase one requires achieving a profit target of 10%, while phase two entails reaching a profit target of 5%. These targets are realistic trading objectives, considering the maximum daily loss and maximum trailing drawdown rules of 5% and 10% that must be adhered to. By participating in the Advanced Trader Program, traders can earn profit splits of up to 90% and have the ability to scale their trading accounts.

The Master Trader Program is a direct funding program that allows traders to bypass the evaluation period and immediately commence trading a funded account, earning weekly profit splits. This program does not impose time limitations, lot size restrictions, or consistency rules. By participating in the Master Trader Program, traders can earn profit splits ranging from 70% to 90% and have the ability to scale their trading accounts.

I highly recommend Funded Trading Plus to individuals seeking a prop firm with clear and transparent trading rules. As a relatively new proprietary trading firm, they offer favorable conditions through their three funding programs, catering to a diverse range of individuals with unique trading styles. Considering the comprehensive offerings provided by Funded Trading Plus, they are undoubtedly one of the leading prop firms in the industry.