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Rules to Keep in Mind While Trading with Funded Trading Plus
TheTrustedProp
Date: August 14, 2024
Changing Your Program Platform
Before beginning your trading journey with Funded Trading Plus, it's possible to change your trading platform. This change is allowed only if you haven't started the program or taken any trades. A fee of $25 applies for this modification, and the original account will become unusable. If you're interested, submit a support ticket, and make the payment here.
Activating Index and Crypto Markets
To access Index and Crypto markets on your trading platform, follow these steps:
- Click on "View" and then "Symbols" in your Trading Platform.
- A "Symbols" box will appear – select the Index and Crypto options.
Choose the markets you wish to activate and click "Show." These markets will now be visible in the "Market Watch" panel. For a visual guide, check out this video tutorial.
Trading Costs: Spreads, Commissions, and Fees
Funded Trading Plus offers minimal and competitive trading costs. Details of spreads and commissions can be found on the respective broker's page. Note that swaps, which are fees for holding positions overnight, are applied based on the market conditions, and Funded Trading Plus does not mark up these fees.
Copy Trading Policy
Copy trading from one of your accounts to a Funded Trading Plus (FT+) account is allowed. However, copying trades across multiple FT+ accounts is prohibited. Only one live account is provided per strategy, defined by taking the same trades on the same market at very similar times.
Prohibited Countries
Funded Trading Plus adheres to international sanctions and does not offer services to traders from certain countries, including Cuba, North Korea, Syria, Iran, and Myanmar. Traders from these countries are advised not to place any orders, as refunds and fund transfers cannot be guaranteed.
Platform and Withdrawal Information
If you are interested in using a demo platform, a demonstration version is available here. For more details on withdrawals, please visit the withdrawal page.
Account Limitations and Management
Traders can open multiple evaluation accounts, but only two simulated live accounts are funded simultaneously. The maximum initial funding is $400,000 across all accounts, with no merged account exceeding $200,000. Account resets are available if an evaluation is failed, subject to a reset fee.
Risk Management and Toxic Trading
All traders reaching the profit target will undergo a risk management assessment before receiving a funded account. Funded Trading Plus strictly prohibits toxic trading practices, such as arbitrage, and reserves the right to ban accounts that do not demonstrate proper risk management.
Understanding Relative Drawdown
Relative drawdown is a key concept in managing your trading account. It represents the distance between your account's high water-mark (the highest balance after closing profitable trades) and the maximum drawdown level (the lowest permissible balance). The drawdown percentage varies by program, and traders are advised to maintain a buffer to avoid breaching the drawdown limits.
Scaling Program
Funded Trading Plus offers a scaling program that allows traders to increase their account size based on profits. The maximum scaled account size is $2,500,000. Traders must meet specific profit targets before scaling up and should carefully manage their withdrawals to maintain trading flexibility.
Important Resources
- Join the community on Discord here.
- Read customer reviews on Trustpilot.
- Access training courses for trading platforms here.
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