How to pass the Funded Trading Plus challenge? What are the rules of the challenge? Find out the answers in this expert post.
Funded Trading Plus Challenge Analysis
In the competitive world of trading, finding the right opportunity to showcase your skills can be a daunting task. That’s where Funded Trading Plus comes in. Funded Trading Plus is a forex prop firm that offers traders the chance to prove their abilities and earn funding of up to $200,000. With its attractive Two-step challenge and a reputation for exceptional customer support, Funded Trading Plus has become a trusted name in the industry.
The Funded Trading Plus Challenge:
Funded Trading Plus sets itself apart from other prop trading firms by offering a range of funding programs that cater to traders of different experience levels and goals. Whether you’re an experienced trader looking for a scalable opportunity or a master trader seeking immediate funding, Funded Trading Plus has a program tailored for you. Let’s explore the four funding programs offered by Funded Trading Plus:
Funded Trading Plus Challenge #1: Experienced Trader Program
The Experienced Trader Program at Funded Trading Plus is designed for traders who have the skills and experience to succeed in the markets. This program allows traders to start with accounts ranging from $12,500 to $200,000. The evaluation phase of this program requires traders to achieve a profit target of 10% while adhering to maximum daily loss and trailing drawdown limits. Once the evaluation is successfully completed, traders are rewarded with a funded account and profit splits starting at 80%.
Funded Trading Plus Challenge #2: Advanced Trader Program
For skilled and committed traders, the Advanced Trader Program provides an opportunity to showcase their abilities in a two-phase evaluation process. Traders in this program can start with accounts ranging from $25,000 to $200,000. The evaluation phases require traders to meet specific profit targets and adhere to maximum daily loss and trailing drawdown limits. Upon successful completion of the evaluation, traders are awarded a funded account and profit splits starting at 80%.
Funded Trading Plus Challenge #3: Premium Trader Program
The Premium Trader Program is designed for dedicated and skilled traders who are looking for a progressive funding opportunity. This program consists of a two-phase evaluation process, with traders starting with accounts ranging from $25,000 to $200,000. Traders must meet profit targets and follow maximum daily loss and trailing drawdown limits to progress to a funded account. Profit splits in the funded account start at 80%.
Funded Trading Plus Challenge #4: Master Trader Program
The Master Trader Program at Funded Trading Plus offers a unique opportunity for experienced traders to bypass the evaluation process and start earning right away. Traders can choose account sizes ranging from $5,000 to $100,000. Profit splits in the funded account range from 80% to 90%, depending on the trader’s performance. This program allows traders to have immediate access to capital and start trading without any evaluation requirements.
The Funded Trading Plus Challenge: Rules and Requirements
To ensure fairness and transparency, Funded Trading Plus has established specific rules and requirements for each funding program. Let’s take a closer look at the rules and requirements for each program:
Experienced Trader Program Rules
- Profit Target and Evaluation Phase: Traders must achieve a profit target of 10% during the evaluation phase to progress to a funded account.
- Maximum Daily Loss: The maximum daily loss is limited to 4% of the account balance.
- Maximum Trailing Drawdown: The maximum trailing drawdown is set at 6% of the account balance.
- Third-Party Copy Trading Risk: Traders should be aware of the risks associated with copying trading strategies from third-party providers.
- Third-Party EA Risk: The use of third-party Expert Advisors (EAs) should be done with caution, as it may impact the funded account.
Advanced Trader Program Rules
- Profit Targets and Evaluation Phases: Traders must achieve specific profit targets in both evaluation phases to progress to a funded account.
- Maximum Daily Loss and Trailing Drawdown: Traders must adhere to maximum daily loss and trailing drawdown limits in both evaluation phases.
- Third-Party Copy Trading and EA Risks: Similar to the Experienced Trader Program, traders should be aware of the risks associated with third-party copy trading and EA usage.
Premium Trader Program Rules
- Profit Targets and Evaluation Phases: Traders must meet profit targets in both evaluation phases to qualify for a funded account.
- Maximum Daily Loss and Trailing Drawdown: Traders must follow maximum daily loss and trailing drawdown limits in both evaluation phases.
- Third-Party Copy Trading and EA Risks: As with the other programs, traders should be cautious when using third-party copy trading and EAs.
Master Trader Program Rules
- No Evaluation Process: Traders in the Master Trader Program can start earning immediately without going through an evaluation phase.
- Profit Splits: Profit splits in the funded account range from 80% to 90%, depending on the trader’s performance.
- Maximum Leverage: The maximum leverage allowed in this program is 1:30.
Funding Program Comparison
To help you choose the right funding program, let’s compare the key features of each program:
| Program | Account Size | Evaluation Phases | Profit Target | Maximum Daily Loss | Maximum Trailing Drawdown | Profit Splits |
|---|---|---|---|---|---|---|
| Experienced Trader | $12,500 – $200,000 | Single phase | 10% | 4% | 6% | 80% and above |
| Advanced Trader | $25,000 – $200,000 | Two phases | Varies | 5% | 10% | 80% and above |
| Premium Trader | $25,000 – $200,000 | Two phases | Varies | 4% | 8% | 80% and above |
| Master Trader | $5,000 – $100,000 | No evaluation | N/A | N/A | N/A | 80% – 90% |
The Funded Trading Plus Challenge: Unique Highlights
Founder’s Vision
Funded Trading Plus was founded on November 2, 2021, by Simon Massey, the CEO of the company. Simon, a former emergency services professional, discovered his passion for trading and decided to pursue a career in finance. With the vision of making bigger capital quantities accessible to retail traders, Simon and his team established Funded Trading Plus as a proprietary trading firm.
Partnership with Eightcap
Funded Trading Plus has strategically partnered with Eightcap, a Melbourne-based broker regulated by ASIC in Australia. Eightcap provides the technology and infrastructure for Funded Trading Plus, enabling traders to execute their trades seamlessly and securely. With a strong presence in the financial markets, Eightcap offers a wide range of trading instruments, including forex pairs, commodities, indices, and cryptocurrencies.
Exceptional Support and Community Engagement
Funded Trading Plus prides itself on its exceptional customer support and community engagement. The company maintains a server on Discord, a popular instant messaging service, where traders can get fast help from support agents and chat with other traders. The active and supportive community on Discord provides a valuable platform for sharing knowledge, experiences, and insights.
The 5 Star Promise
Funded Trading Plus is committed to delivering an exceptional trading experience to its clients. The company’s 5 Star Promise, as stated by CEO Simon Massey, ensures competitive program pricing, trusted payout assurance, fair and transparent rules, a swift and seamless user journey, and 24/7 support. This promise reflects Funded Trading Plus’s dedication to providing a reliable and trustworthy platform for traders.
Funded Trading Plus Challenge Fees and Commission
When considering the costs associated with trading at Funded Trading Plus, it’s important to understand the fee structure. Here are the details:
- Trading Commission: Funded Trading Plus charges a trading commission based on the assets traded. For forex pairs, the commission is $7 per lot. Commodities, indices, and cryptocurrencies have no commission fees.
Conclusion
Funded Trading Plus provides traders with a unique opportunity to prove their skills and earn funding to trade the markets. With its range of funding programs, transparent rules, and exceptional customer support, Funded Trading Plus is a trusted prop firm in the industry. Whether you’re an experienced trader looking for scalability or a master trader seeking immediate funding, Funded Trading Plus has a program tailored to your needs. Take on the Funded Trading Plus challenge and embark on your path to trading success.
Note: Traders can use the discount code (HOPE10) to get exclusive discounts on Funded Trading Plus programs. Funded Trading Plus is a great prop firm that has garnered positive reviews and a strong reputation in the industry.
