In trading, deciding on the right platform can make or break your journey to success.
You’ve likely heard about Funded Trading Plus, a rising star in the field, and you’re probably wondering if it’s worth your investment.
In this Funded Trading Plus review, we’ll deeply dive into the pros and cons, features, and user experience of Funded Trading Plus to help you make an informed decision.
What is Funded Trading Plus?
Funded Trading Plus, birthed by Simon M., James F., and Michael C., offers a platform to enable traders with restricted funds to excel in the market.
The Managing Director, Simon, transitioned from emergency services to trading, drawing from his experiences to provide traders with adequate capital.
James, the Director of Operations, uses his technical expertise to ensure a robust infrastructure. At the same time, Michael, the Director of Strategic Overview, harnessed his financial crisis into effective trading strategies, which he shares through Funded Trading Plus.
This initiative sprouted from Trade Room Plus, a live trade room that identified the common issue of limited trading capital among retail traders.
The team consulted with trading experts from Wall Street and the City of London, building a superior platform that provides funding and aligns its success with that of its traders.
How Does Funded Trading Plus Work?
Stepping into Funded Trading Plus, you’ll find the onboarding process a breeze. The power rests in your hands as you pick from a range of evaluation accounts, each differing based on your chosen account size.
Your journey will be marked by two significant milestones: the assessment phase and the funded account phase. In the assessment phase, your skills are tested as you aim for a set profit goal, ensuring you do not cross the daily or maximum drawdown limit. But take heart, unlike other prop firms, Funded Trading Plus is in no rush. They give you the luxury of time, letting you trade quickly.
Upon successfully crossing the assessment phase, you’re not just another trader anymore – you step up to be a real-money trader. You’re all set to delve into real capital trading with a funded account.
And that’s not all. This funded account comes hand-in-hand with a handsome profit share and the same rules you’ve been familiar with during your assessment phase.
Keeping an eye on your progress, you’ll find the account dashboard your best companion. It lets you handle your accounts effectively while giving you real-time insight into your growth trajectory.
Features of Funded Trading Plus
- Freedom from Time Constraints
Let’s take a moment to acknowledge FTMO. They’ve set a lofty goal, challenging traders to hit a 10% profit target within a month. And if you’ve dipped your toes in the trading waters for a while, you’ll know that achieving such a feat is no small task.
If you could consistently pull off 120% per annum, you might find firms like JP Morgan lining up at your doorstep!
Most professional traders at a firm might be looking at a more modest 20% per annum. That’s a more realistic 1.6% per month. So if you’re set on making sure you bag that 10% within a month, you might risk more than planned.
But here’s the beauty of Funded Trading Plus – no stopwatch ticking away. You set your pace, fast or slow, making it a boon for part-time or swing traders who need more time to hit that sweet spot.
- Option for a 1-Phase Challenge
Funded Trading Plus stands out with its choice of account options. One of these, aptly named the Experienced Trader, lets you skip a phase, requiring only one phase to ascend to funded status.
This could be a lifesaver, as starting afresh with a second account could throw a curveball your way, especially when you can’t lean on the capital you’ve painstakingly earned to soften future losses.
- You can use EAs, Algo’s, Trading Bots, and Trade Copiers
If you lean on technology, you’ll find a friend in Funded Trading Plus. It invites you to use Algo’s, Trading Bots, and Trade Copiers, a welcome change for traders who can’t always catch high probability setups. Remember, while technology is a great assistant, you make trading decisions.
- Trading View to come
While many firms remain anchored to the MT4/MT5 platforms, the industry’s stalwarts for years (though they seem a tad dated if you ask me), Trading View emerges as a beacon of innovation. Its standout user experience, practical order forms, and simple setup for stop losses and profit targets are a breath of fresh air. FTP is currently engaging with Trading View to introduce this superior platform soon. However, the countdown to launch is still on the cards.
Who is Funded Trading Plus Best For?
Funded Trading Plus sets the stage for:
Experienced Traders: If you’re a trader with years of experience, the firm’s Advanced Trader Programs and generous profit splits will pique your interest.
Day Traders: For those who live by the motto ‘make the day count,’ the offerings of Funded Trading Plus are tailored to your liking. With attractive profit splits and the privilege to trade using the firm’s capital, it’s an appealing choice for day traders.
Traders Craving Flexibility: If you’re a trader who values freedom and variety in trading strategies, you’ll find that Funded Trading Plus opens a world of flexibility for you.
Pros of Funded Trading Plus
- Evaluation format catered to both newcomers and seasoned traders
- Attractive profit split reaching up to 90%
- Absence of stringent time constraints during an evaluation
- Acceptance of a plethora of trading strategies, including News trading
- Commendable customer service backed by positive feedback
Cons of Funded Trading Plus
- A potential difficulty with the maximum drawdown for certain traders
- Prohibition of overnight Trading
Conclusion
This cutting-edge platform, built upon the wisdom and prowess of its founders, aims to equip traders by breaking down the walls of capital constraints that often impede progress.
Fortified by a top-tier technical backbone and unrivaled expertise, their commitment to their traders’ success is a beacon of hope in the dynamic trading arena.
It’s a space where you can play the trading game like a pro, backed by significant capital, akin to the trading titans of Wall Street or the City of London.
If you’re ready to dive into funded trading, consider Funded Trading Plus your trusted ally in this adventure.
Ready to embark on your trading journey? Click here to sign up for Funded Trading Plus.
