Funded Trading Plus Review (HOPE10 Discount Code)

What is Funded Trading Plus?

Funded Trading Plus, founded on November 2, 2021, and formally inaugurated on December 16, 2021, is a privately owned trading company based in London, UK. The organization provides clients with the option to open accounts with a minimum capital of $200,000 and a maximum limit of $2,500,000.

The Funded Trading Plus has strategically incorporated its technology with Eightcap, 

a Melbourne-based broker registered by ASIC in Australia. The company’s main office is located at 7 Bell Yard, London, England, WC2A 2JR.

Funded Trading Plus offers a progressive strategy for clients to enhance their profits, with a strong focus on trader success. Traders have the opportunity to start with accounts worth up to $200,000 and then meet the requirements to increase their accounts to the $2,500,000 level. 

The company engages in partnerships with traders through multiple alternatives, such as a singular evaluation process, two assessment difficulties divided into two phases, or direct funding. Upon completing these phases, traders are rewarded with profit splits of up to 100% on their winnings.

Simon Massey CEO (Chief Executive Officer) at Funded Trading Plus 

Simon Massey, the CEO of Funded Trading Plus, is a highly motivated guy driven by the rush of adrenaline. During his early years, he actively pursued a profession in emergency services, motivated by the conviction that working as a first responder would provide enduring fulfillment. 

Nevertheless, after ten years working in the industry, Simon reevaluated his career trajectory, recognizing that it was not in line with his future ambitions. During his break, he utilized the time to investigate alternate employment prospects.

Simon’s motivation to pursue a career in finance stemmed from his friend Pasha, who previously worked as a city trader for a well-known Wall Street firm and achieved success as a retail trader. Simon’s exposure to Pasha’s teachings broadened his perspective on the numerous opportunities in trading inspired him to commence his trading venture. Ultimately, Simon made the courageous choice to resign from his job and go into a career in full-time trading.

In addition to his trade endeavors, Simon devoted himself to providing assistance and guidance to others. As a result of this dedication, Trade Room Plus was established, providing a platform for him and Michael to impart their knowledge and assist others in commencing their trading endeavors. 

The concept of Funded Trading Plus originated from the realization of the considerable advantage Pasha has in terms of access to huge funds compared to regular retail traders. Simon and his team have established this proprietary trading firm to make bigger capital quantities, which were previously inaccessible to the average retail trader, more accessible to everyone.

Funded Trading Plus Funding Programs and Challenges: Rules and Requirements 

Funded Trading Plus provides traders with a selection of four distinct programs to select from:

1. Experienced trader program
2. The advanced trader program
3. Premium trader program
4. Master trader program 

Experienced trader program

The Funded Trading Plus experienced trader program account necessitates traders to fulfill the assessment criteria without any time constraints, enabling them to trade at a leverage ratio of 1:30.

In the assessment phase, a trader must achieve a profit target of 10% while ensuring that the maximum daily loss does not exceed 4% and the maximum trailing drawdown does not exceed 6%. 

During the assessment period, there are no specified minimum or maximum trading day obligations, enabling traders to operate at their desired speed.

After completing the evaluation process, traders are given a funded account without any profit targets. The sole requirements are to strictly follow the 4% limit on daily losses and the 6% limit on trailing drawdown. 

A payout can be requested once a minimum profit of $50 has been achieved, and further payouts will be processed weekly. It is noteworthy that the profit distribution starts at 80%, but has the potential to rise to 90% after the initial account expansion.

Moreover, traders need to note that attaining a 20% return on the funded account would lead to a 90% payout, whereas a 30% return will result in a 100% payout.

For instance- 

• The initial account balance is $200,000.
• The drawdown has been adjusted to a fixed amount of $200,000, down from $216,000.
• The new amount after a withdrawal of $6,000 is $210,000.
• The sum of $210,000 and $16,000 is $226,000, which represents the new account balance.
• The sum of $226,000 and $200,000 is $426,000. After scaling up the account with earnings, the drawdown is now fixed at $400,000.
• The new amount following the withdrawal is $416,000, which is the result of subtracting $10,000 from $426,000.

This example illustrates how a trader can effectively manage their account by periodically taking gains while simultaneously increasing their investment.

The trading instruments available for the experienced trader program account include FX pairings, commodities, indices, and cryptocurrencies.

Experience trader program account rules

• Profit Target and Evaluation Phase: The profit target denotes a precise proportion of profit that traders must attain to conclude an evaluation phase, withdraw earnings, or expand their accounts. During the evaluation phase, the predetermined profit target is set at 10%.

• Maximum daily loss: The term “maximum daily loss” refers to the highest possible amount of financial loss that a trader can experience within a single day without breaking the rules of their account. The maximum daily loss is limited to 4% for accounts of all sizes.

• Maximum Trailing Drawdown: The greatest trailing drawdown is the largest decline in an account’s balance, calculated as the difference between the highest balance reached and the lowest point throughout the decline. Regardless of the size of the account, all accounts have a maximum trailing drawdown limit of 6%.

• Third-Party Copy Trading Risk: When evaluating third-party copy trading services, it is essential to recognize the potential risks involved in adopting identical trading strategies as other customers. Using third-party copy trading services might lead to the rejection of a funded account or withdrawal if the maximum capital allocation regulation is surpassed.

• Third-Party EA Risk: Likewise, utilizing third-party EAs (Expert Advisors) entails the danger of adopting an identical trading approach as other users. Interacting with a third-party EA could result in the rejection of a funded account or withdrawal if the maximum capital allocation rule is exceeded.

The advanced trader program accounts

The advanced trader program account offered by Funded Trading Plus seeks to discover skilled and committed traders who are rewarded based on their consistent performance during the two-phase evaluation period. During this period, traders are permitted to trade at a leverage ratio of 1:30.

During the first phase of the evaluation, traders must achieve a profit target of 10% without surpassing a limit daily loss of 5% or violating the maximum trailing drawdown criteria of 10%. There are no explicit criteria regarding the minimum or maximum number of trading days needed to advance to phase two.

During the second part of the evaluation, traders are required to meet a profit target of 5% while also following the rules of a maximum daily loss of 5% and a maximum trailing drawdown of 10%. Like phase one, there are no prescribed minimum or maximum trading day prerequisites to progress to a funded account.

Upon completing both evaluation processes, a funded account will be awarded, without any requirement for specific profit targets. Traders must adhere to the guidelines of a maximum daily loss of 5% and a maximum trailing drawdown of 10%. A minimum profit of $50 is required for the initial payout request, which is followed by weekly payouts thereafter.

It is crucial to highlight that the funded account initially has an 80% profit share, which can be raised to 90% after the account is scaled for the first time. In addition, if the financed account generates a 20% return, the dividend will be 90%. Similarly, a 30% return will result in a 100% payout.

For instance- 

• The initial account balance is $100,000.
• The drawdown has been adjusted to a fixed amount of $100,000, down from $116,000.
• The new amount following the withdrawal is $110,000, which is the result of subtracting $6,000 from $116,000.
• The sum of $110,000 and $16,000 is $126,000, which represents the new account balance.
• The sum of $126,000 and $100,000 is $226,000. After scaling up the account with earnings, the drawdown is now fixed at $200,000.
• The new amount after a withdrawal of $10,000 is $216,000.

This example illustrates how a trader can effectively manage their account by periodically taking gains while simultaneously increasing their investment.

The trading instruments available for the advanced trader program account include FX pairings, commodities, indices, and cryptocurrencies.

Premium trader program accounts

The premium trader program account offered by Funded Trading Plus seeks to discover dedicated and skilled traders who are rewarded for their consistent performance during the two-phase evaluation period. During this period, traders are permitted to trade at a leverage ratio of 1:30.

The first phase of the review requires a trader to achieve a profit target of 8%, while also guaranteeing that they do not exceed a maximum daily loss of 4% or breach the maximum trailing drawdown guidelines of 8%. There are no explicit criteria defining the minimum or maximum number of trading days needed to advance to phase two.

During the second part of the examination, a trader is required to attain a 5% profit objective while following the guidelines of a maximum daily loss of 4% and a maximum trailing drawdown of 8%. Like phase one, there are no prescribed minimum or maximum trading day criteria to progress to a funded account.

Upon successful completion of both evaluation processes, a funded account will be allocated, hence eliminating the requirement for specified profit targets. Traders must comply with the restrictions that limit the maximum daily loss to 4% and the maximum trailing drawdown to 8%. Payout requests can only be initiated if the profit reaches a minimum threshold of $50. Subsequent payouts will be made every week.

It is crucial to highlight that the funded account initially has an 80% profit share, which may be raised to 90% when growing the account for the first time. In addition, if the funded account achieves a 20% return, there will be a 90% payout. Similarly, a 30% return will result in a 100% payout.

Master trader program accounts

The Master Trader Program account offered by Funded Trading Plus enables traders to bypass the evaluation process entirely and commence earning right away. Profit splits range from 80% to 90%, depending on the profits generated while trading with 1:30 leverage. It’s important to note that achieving a 20% return on the funded account results in a 90% payout, and a 30% return leads to a 100% payout.

Funded Trading Plus Brokers: Do They Use a Reliable Platform? 

When assessing prop firms that match the forex trading style, it is vital to evaluate the realism of their trading criteria. Although a corporation may present an appealingly high % profit-sharing arrangement for a well-funded account, the viability of this offer decreases if they enforce demanding monthly percentage gains while simultaneously imposing low maximum drawdown percentages. This considerably reduces the probability of achieving success.

Obtaining funds through the Experienced Trader Program accounts is typically feasible, as they have a reasonable profit goal of 10% and adhere to regulations that limit maximum daily loss to 4% and maximum trailing drawdown to 6%.

Acquiring capital through the Advanced Trader Program accounts is feasible due to their average profit targets (10% in phase one and 5% in phase two) and average maximum loss regulations (5% maximum daily loss and 10% maximum trailing drawdown).

The Premium Trader Program accounts provide viable prospects for capital acquisition, as they adhere to specific profit targets (8% in phase one and 5% in phase two) together with maximum loss regulations (4% maximum daily loss and 8% maximum trailing drawdown) on average.

Obtaining funds from the Master Trader Programs is also feasible, as they are direct funding programs that allow one to commence earning right away. Since there are no specific profit goals to achieve, they have the option to make withdrawal requests every week.

Considering all these considerations, Funded Trading Plus stands out as an exceptional option for obtaining money. The site offers four separate funding schemes, each with specific trading goals and requirements for collecting payments.

Funded Trading Plus Fees: How Much Do They Charge? 

Trading commission:

Education & Support for Traders

Funded Trading Plus is an expansion of Trade Room Plus, a prominent UK-based live trade room for individual traders that was established in 2013.

Although Funded Trading Plus does not have a dedicated discussion thread on ForexFactory, it has been frequently referenced in another topic titled “PROP FIRM HUB” created by a user named Mastermind. 

In addition, they offer a meticulously organized dashboard that is accessible to all their clients, facilitating the efficient management of risk in alignment with their statistical goals.

Funded Trading Plus Proof of Payment:

Funded Trading Plus is a privately owned trading company that was established on November 2, 2021, and formally commenced operations on December 16, 2021. Most of their payment evidence can be found on their Discord platform, specifically in the “payouts” channel.

An additional means of verifying payment would be through their YouTube channel, where they conduct interviews with their accomplished traders.

Which broker does Funded Trading Plus use?

Funded Trading Plus has successfully integrated its system with Eightcap, a broker based in Melbourne that is regulated by ASIC. Founded in 2009, Eightcap operates with a distinct objective to provide exceptional financial services to its clients. With a presence in five international locations and regulatory authority in several jurisdictions, they enable clients from around the world to participate in trading activities involving foreign exchange, stock market indices, commodities, and shares.

Eightcap is classified as a platform with a moderate level of risk and has an overall Trust Score of 73 out of 99. Eightcap boasts several prominent attributes, including

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

There are two sorts of accounts available: Raw and Standard, each with different commissions and fees. Standard account fees are included in the spread, but Raw accounts require a commission. In addition, traders must consider the overnight fee, which is an interest charge applied to positions held overnight in trading.

Eightcap, a specialized MetaTrader broker, offers clients access to both the MetaTrader 4 and MetaTrader 5 platforms provided by MetaQuotes Software Corporation.

Funded Trading Plus Customer Support: 

Funded Trading Plus is also present on several social media platforms.

1. Facebook

Funded Trading Plus is experiencing robust growth on Facebook, boasting a strong following of 23,000 enthusiasts. This platform serves as a captivating gateway into the dynamic realm of trading, offering an exclusive glimpse into the company’s endeavors and milestones. Not only does it serve as a wellspring of motivation for traders, but it also acts as a vital channel for fostering community engagement and connectivity.

2. Twitter 

Funded Trading Plus has cultivated a community of 19.6k followers on Twitter. This platform functions as a dynamic environment for immediate updates, news, and engagements with the trading community. Traders can remain updated on the latest developments and participate in discussions with similar-minded individuals by subscribing to their Twitter accounts.

3. YouTube Channel 

Funded Trading Plus has a YouTube channel that is both instructive and engaging, attracting 10.7k subscribers. This channel contains a total of seven published videos, making it an excellent resource for traders of all skill levels. The YouTube channel offers a visual representation of Funded Trading Plus’s offerings, including educational videos and insights into the trading business.

4. FAQs and Support 

• FAQ Page: Visit Funding Trading Plus’s FAQ page for potentially missing information.
• Email Support: Directly contact the support team at [email protected] via email.
• Live Chat Support: Utilize the active live chat support for instant messaging. If unavailable, expect a response within 24 hours via email.
• Telephone Contact: Reach out for further information by calling +44 333 090 9800.
• Discord Channel: Explore their Discord channel for assistance with support-related queries or technical issues, where both the support team and the community are available to help.

What Makes Funded Trading Plus Unique? 

Funded Trading Plus sets itself apart from other leading prop firms in the industry by offering four financing programs: Experienced, Advanced, Premium, and Master. Each package provides exclusive features and benefits. 

Significantly, the platform enforces little constraints on trading techniques, allowing practices such as trading during news events, holding deals overnight, and operating on weekends (except the Advanced and Master programs).

Unlike conventional proprietary enterprises, Funded Trading Plus’s Experienced Trader Program operates as an assessment effort, requiring the completion of a single phase for rewards. 

The program establishes a profit objective of 10%, along with a maximum daily loss limit of 4% and a maximum trailing drawdown limit of 6%. In contrast to several other prominent proprietary organizations, the Experienced Trader Program does not impose any fixed minimum or maximum trading day prerequisites for accounts, thereby enabling traders to progress at their own desired speed.

Conversely, the Advanced Trader Program at Funded Trading Plus employs a two-phase evaluation framework, requiring traders to complete both phases to qualify for payments. Phase one sets a goal of achieving a 10% profit, while phase two has a target of a 5% profit. 

Both phases have strict rules in place, including a maximum daily loss of 5% and a maximum trailing drawdown of 10%. Accounts in the Advanced Trader Program do not have any specified minimum or maximum trading day requirements, similar to the Experienced Trader Program. This allows traders to have the freedom to progress based on their preferences.

For instance- 

Funded Trading Plus Reviews: What Do Their Customers Say?

Trustpilot – 

Trustpilot showcases a wide range of individuals from the community who have given favorable feedback for Funded Trading Plus. This has resulted in an amazing rating of 4.9 out of 5 based on 1,939 reviews. The platform is highly praised by its user community.

#1. Red Velvet reports a positive experience with this prop firm thus far. He completed the task and soon obtained his live account. In addition, he received the reimbursement promptly as well. The customer service crew exhibits exceptional helpfulness and demonstrates genuine concern in resolving any issues, which is an added advantage. 

#2. According to Patrick Niddrie, based on his observations, these individuals are among the few commendable performers in this field. He committed a little error that breached their Terms of Service. However, instead of using this as a pretext to cancel his account and unlawfully appropriate his payment, they collaborated with me and resolved the matter. 

The sole desire he harbors is for crypto spreads to become more rational. 8cap, the broker they use, offers spreads of approximately 0.8% on key coins. This narrow spread significantly hampers the profitability of day trading these coins.

#3. Daniel Barrett asserts that he encountered a recurring issue. When he selects the option to pay with cryptocurrency, specifically through Binance Pay, and proceeds to open the wallet, the current tab is replaced with the Binance Pay page instead of opening a new tab. 

Consequently, when he completes the payment with Binance and attempts to return to the funded trading plus website by pressing the back button, he is redirected to the regular cart page. Although the payment is successfully processed, the system prevents its completion. As a resolution, the support team provides a coupon code with a 100% discount.

#4. Robert claimed that the drawdown policy is designed to facilitate the failure of any individual. If he enlarges his drawdown capacity, then should refrain from reducing it. Their system was intentionally built to ensure user failure. Their sole objective is to obtain the registration fee.

Conclusion

Funded Trading Plus is a well-regarded proprietary trading service that offers traders a selection of four separate funding programs: Experienced, Advanced, Premium, and Master. The systems incorporate practical profit objectives and loss regulations, enabling traders to achieve up to 100% profit divisions and expand their accounts. This reputable company provides transparent trading circumstances and is highly recommended for its dominant position in the business.