Table of Contents
Introduction
In an era where trading financial markets has become more accessible yet challenging for many, the allure of prop trading firms is undeniable. These platforms offer the golden opportunity to trade with significantly higher capital, opening doors to potential profits that far exceed what individual traders might achieve on their own. Amidst the bustling crowd of prop firms, one name that’s been catching the eyes of traders worldwide is Funded Trading Plus.
But with options aplenty and competition fierce, making the right choice is paramount for your trading career. This Funded Trading Plus review aims to peel back the layers, offering a comprehensive look into what makes Funded Trading Plus stand out, and how it measures up against industry stalwarts like FTMO. Whether you’re a seasoned trader or new to the game, understanding the nuances of what Funded Trading Plus offers could be the key to unlocking your trading potential.
What is Funded Trading Plus?
Funded Trading Plus is a proprietary trading firm designed to offer traders the opportunity to trade with the firm’s capital. In essence, it operates on a model where traders are evaluated through a challenge or an evaluation process. Successful traders who pass this challenge are then given access to a funded account. The specifics of Funded Trading Plus, such as the exact details of the evaluation process, profit splits, trading platforms, and instruments available, can vary and evolve over time.
Typically, these prop trading firms, including Funded Trading Plus, aim to identify skilled traders who can generate profits while effectively managing risk. In return for providing traders with capital, the firm takes a portion of the profits generated. The exact terms, such as the profit split ratio, maximum drawdown allowed, and trading objectives, are defined by the firm.
Funded Trading Plus distinguishes itself by offering various features and benefits aimed at supporting traders in their journey. These can include educational resources, trading tools, and community support to help traders maximize their potential. The goal of such firms is not only to fund successful traders but also to foster a community where traders can grow and learn.
As with any prop trading firm, it’s essential for interested traders to carefully review the terms and conditions, understand the evaluation process, and consider the support and resources available to them through Funded Trading Plus. This ensures that traders can make an informed decision about whether it aligns with their trading goals and strategies.
How Funded Trading Plus Works
Evaluation Process
At the heart of Funded Trading Plus is an evaluation process, a common initial step among proprietary trading firms. This rigorous screening is crucial in determining whether a trader has the skill set and discipline required to manage significant capital responsibly. In this funded trading plus review, it’s important to highlight that the firm offers a straightforward yet challenging path to trading success. Traders are expected to reach specific profit targets within a defined period, all while adhering to strict risk management rules, such as maximum drawdown limits and minimum trading days. This ensures only the most skilled and disciplined traders advance to the next stage.
Funding and Account Growth
Successful traders who navigate the evaluation phase effectively are awarded access to a funded account. Funded Trading Plus distinguishes itself by offering a variety of account sizes, enabling traders to choose the level of capital they feel most comfortable and confident managing. This aspect of the funded trading plus review underscores the firm’s commitment to accommodating traders’ diverse needs and ambitions. As traders achieve consistent profitability, opportunities for account growth and increased funding become available, highlighting a clear path for career advancement within the proprietary trading sector.
Profit Sharing and Withdrawals
An attractive feature that deserves attention in this funded trading plus review is the profit-sharing model. Funded Trading Plus offers a generous split, allowing traders to keep a significant portion of the profits earned. This model not only incentivizes excellent performance but also aligns the interests of both the trader and the firm. Furthermore, the process for withdrawing earnings is designed to be as smooth and efficient as possible, ensuring traders can access their rewards promptly.
Support and Resources
Understanding how Funded Trading Plus works wouldn’t be complete without mentioning the support and resources available to traders. Beyond financial backing, the firm provides educational materials, trading tools, and personalized coaching. This support system is crucial for both novice and experienced traders, offering guidance, strategy refinement, and psychological support to navigate the markets effectively.
Features and Offerings of Funded Trading Plus
Tailored Account Options
One of the core strengths of Funded Trading Plus is its array of tailored account options. Catering to traders of all levels, from novices to seasoned professionals, the firm provides varied account sizes and leverage options. This flexibility ensures that traders can select an account that best fits their trading style and risk tolerance. As we explore in this funded trading plus review, the ability to customize your trading experience is a significant advantage, allowing for a more personalized approach to trading.
Comprehensive Educational Resources
Education is at the heart of successful trading, and Funded Trading Plus places a strong emphasis on providing its traders with comprehensive educational resources. From webinars and tutorials to one-on-one coaching sessions, the platform is dedicated to empowering traders with the knowledge and skills needed to succeed. This funded trading plus review highlights the importance of ongoing education in the trading journey, acknowledging how Funded Trading Plus supports its traders in this crucial area.
Cutting-edge Trading Platforms
The choice of trading platform can significantly impact trading performance, and Funded Trading Plus understands this well. Offering access to cutting-edge trading platforms, the firm ensures that traders have the tools they need to execute trades efficiently and effectively. Through this funded trading plus review, we recognize the value of having access to advanced trading technologies, including real-time charts, indicators, and analytical tools, all of which contribute to a more informed trading decision-making process.
Profit Sharing and Growth Opportunities
A distinctive feature of Funded Trading Plus, as noted in this funded trading plus review, is its attractive profit-sharing model. Traders have the opportunity to retain a substantial portion of the profits they generate, which serves as a strong incentive to maximize trading performance. Moreover, the firm offers growth opportunities for successful traders, including access to increased trading capital and more favorable profit splits. This approach not only rewards skill and discipline but also encourages long-term development within the Funded Trading Plus ecosystem.
Supportive Trader Community
Fostering a supportive trader community is another aspect where Funded Trading Plus shines. The platform encourages interaction among its traders, providing a space for sharing strategies, experiences, and insights. This funded trading plus review appreciates the value of community in the trading world, where learning from peers and exchanging ideas can significantly enhance one’s trading approach.
Funded Trading Plus vs. FTMO: A Comparative Look
Evaluation Process: Both Funded Trading Plus and FTMO initiate their journey with traders through an evaluation process. However, the nuances of their challenges differ significantly. Funded Trading Plus offers a slightly more flexible approach, catering to a broader range of trading styles and strategies. This flexibility might appeal to traders who prefer less stringent trading conditions.
Throughout this funded trading plus review, it’s clear that while FTMO maintains a rigorous evaluation criterion known for its strict daily loss limits and minimum trading days, Funded Trading Plus introduces a model that emphasizes growth and learning, potentially offering a better fit for those new to the prop trading scene or those seeking a less pressured environment.
Profit Sharing and Financial Structure: Profit splits are a critical aspect when comparing Funded Trading Plus and FTMO. FTMO is renowned for its generous profit share, offering up to 90% to the trader under certain conditions. Funded Trading Plus, on the other hand, presents a competitive structure that, while slightly less than FTMO’s peak offerings, still provides substantial earning potential to successful traders. This funded trading plus review finds that the firm’s commitment to trader success is evident in its profit-sharing model, designed to reward skilled trading without imposing undue financial burdens.
Account Options and Trading Instruments: Diving deeper into this funded trading plus review, account diversity and available trading instruments are areas where Funded Trading Plus seeks to stand out. Offering a range of account sizes and trading instruments, Funded Trading Plus caters to traders across the spectrum, from forex enthusiasts to commodity and indices traders. FTMO, with its established presence, offers a similar breadth of instruments but with distinct account parameters tailored to evaluate and foster trading excellence.
Support and Resources: A crucial part of this funded trading plus review is examining the support and educational resources available to traders. Funded Trading Plus prides itself on a robust support system, including comprehensive educational materials and one-on-one coaching options. FTMO doesn’t lag, providing an extensive library of educational content and trading tools designed to enhance trader performance. The choice between the two might come down to personal preference for the type of learning and support each trader values.
Community and Culture: The trading community and the culture of continuous improvement are vital for trader growth. Throughout this funded trading plus review, it’s clear that Funded Trading Plus fosters a nurturing environment, encouraging traders to share strategies and learn from one another. FTMO also boasts a strong community, highlighted by their annual trader summit, where traders from around the globe gather to share insights and experiences.
Pros and Cons
Access to Significant Capital: A standout benefit often highlighted in a funded trading plus review is the access to significant trading capital. This allows ambitious traders to scale their strategies without injecting personal funds, a game-changer for many.
Comprehensive Educational Resources: Funded Trading Plus is commended for its extensive educational resources. From webinars to one-on-one coaching, traders at all levels can enhance their skills, making this a key pro in any funded trading plus review.
Flexible Evaluation Criteria: Unlike some of its competitors, Funded Trading Plus offers relatively flexible evaluation criteria. This approach accommodates a broader range of trading styles and strategies, making it a frequent positive point in funded trading plus reviews.
Supportive Trader Community: The platform boasts a vibrant, supportive community. Engaging with fellow traders can lead to new insights and strategies, an aspect often praised in funded trading plus reviews.
Cons of Funded Trading Plus
Initial Evaluation Fee: A common con mentioned in funded trading plus reviews is the evaluation fee. While necessary to filter for serious traders, it can be a barrier for some, especially those just starting out in the trading world.
Profit Split Percentage: While Funded Trading Plus offers a profit split, the percentage retained by traders might be less favorable compared to some other firms. This aspect receives attention in many a funded trading plus review, as the exact split can significantly impact earnings.
Strict Trading Rules Post-Evaluation: After passing the evaluation, traders must adhere to strict trading rules. Some funded trading plus reviews point out that these restrictions might limit trading freedom and strategy implementation.
Limited Trading Instruments: Depending on your trading interests, another potential drawback highlighted in funded trading plus reviews is the limitation on trading instruments. While the platform supports a variety of markets, some niche traders may find their preferred instruments unavailable.
Balancing the Pros and Cons in a Funded Trading Plus Review
When weaving through the intricacies of a funded trading plus review, it’s important to balance these pros and cons against personal trading goals and preferences. Access to capital, educational resources, and a supportive community stand out as significant advantages. However, considerations like the evaluation fee, profit split, and trading restrictions post-evaluation play a critical role in deciding if Funded Trading Plus aligns with your trading aspirations.
FAQs About Funded Trading Plus Review
Q: What is Funded Trading Plus?
A: Funded Trading Plus is a proprietary trading firm that offers traders the opportunity to trade with its capital. Successful candidates who pass the evaluation challenge are provided with funding to trade and earn profits.
Q: How do I get started with Funded Trading Plus?
A: To get started, you must undergo an evaluation process that includes achieving specified profit targets while adhering to risk management rules. Upon successful completion, you’re granted a funded trading account.
Q: What financial instruments can I trade with Funded Trading Plus?
A: Funded Trading Plus typically allows traders to operate in forex, commodities, indices, and possibly cryptocurrencies, though the available instruments may vary based on the specific program and account type.
Q: How does Funded Trading Plus compare to FTMO?
A: Both Funded Trading Plus and FTMO offer traders the chance to trade with significant capital after passing an evaluation. Differences may include the specifics of the evaluation process, support offered, profit splits, and educational resources.
Q: What are the costs associated with joining Funded Trading Plus?
A: Joining Funded Trading Plus involves a fee for the evaluation process, which varies depending on the chosen program and account size. This fee covers the evaluation period and, upon success, traders are allocated a funded account without further costs.
Q: What profit split does Funded Trading Plus offer?
A: Funded Trading Plus offers a competitive profit split, favoring the trader. The exact percentage can vary, but it’s designed to reward successful traders generously for their performance.
Q: Can I lose money with Funded Trading Plus?
A: The primary financial risk is the initial fee for the evaluation process. Once trading a funded account, you’re not risking personal capital, as you’ll be trading with the firm’s funds.
Q: How often can I withdraw profits from Funded Trading Plus?
A: Funded Trading Plus typically allows monthly withdrawals of profits. The process and timelines for withdrawals are structured to ensure traders have access to their earnings in a timely manner.
Q: Is there a maximum trading limit with Funded Trading Plus?
A: Funded Trading Plus may set maximum trading limits based on the account type and trader’s performance. Successful traders can often scale their accounts, managing more capital as they continue to demonstrate profitable trading.
Q: What educational resources does Funded Trading Plus provide?
A: Funded Trading Plus offers a variety of educational resources, including webinars, tutorials, and one-on-one coaching, to support traders in their development and success.
Conclusion: Is Funded Trading Plus Right for You?
Navigating the dynamic and competitive world of proprietary trading requires a keen understanding of what each prop firm offers. Through our detailed exploration of Funded Trading Plus, compared with industry leader FTMO, we’ve uncovered the nuances that could make or break a trader’s decision to embark on a journey with either firm.
