About Funded Trading Plus

Funded Trading Plus (FTP) is a UK-based proprietary trading firm that provides various funded trading programs for both beginners and experienced traders. These programs allow traders to access large trading accounts, manage risks, and scale their profits. With a flexible trading environment, FTP supports the use of expert advisors, news trading, and copy trading, offering opportunities for traders to grow and succeed while adhering to a set of guidelines tailored to different experience levels.

 

Company Information

• Company Legal Name: FTP London Ltd
• Company Registration Number: 13719292
• CEO: Simon Massey
• Country: United Kingdom
• Contact Information:
  • Email: [email protected]
  • Phone: +44 333 090 9800
• Website: fundedtradingplus.com
• Payment/Withdrawal Methods: Crypto

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Challenge Details

Funded Trading Plus offers four main programs, each with specific requirements, rules, and account sizes. Below is an overview of each:

Experienced Trader Program

• Account Sizes: $12,500 to $400,000
• Drawdown Limit: 6%
• Profit Target: 10%
• Payout Period: Every 7 days
• Scaling: 10% simulated profit increments

Advanced Trader Program

• Account Sizes: $25,000 to $200,000
• Drawdown Limit: 10%
• Profit Target: Phase 1: 10%, Phase 2: 5%
• Payout Period: Every 7 days
• Scaling: Every 20% simulated profit

Premium Trader Program

• Account Sizes: $25,000 to $200,000
• Drawdown Limit: 8%
• Profit Target: Phase 1: 8%, Phase 2: 5%
• Payout Period: Every 7 days
• Scaling: 10% simulated profit increments

Master Trader Program

• Account Sizes: $5,000 to $100,000
• Drawdown Limit: 6%
• Profit Target: Instant funding
• Payout Period: Every 7 days
• Scaling: 10% simulated profit increments

 

One Phase Challenge

 

Challenge Details:

In each of these programs, the challenge involves meeting the profit target while staying within the specified drawdown limits. Traders are required to demonstrate their risk management skills and trading abilities within a simulated environment.

 

Pricing: The fees vary based on the account size you choose.

 

Account Size: Starting from $5,000 up to $400,000, depending on the program.

 

Rules: FTP has both hard and soft rules. Hard rules, such as exceeding the daily or total drawdown limits, result in immediate failure. Soft rules, like trading over weekends or not setting a stop loss, do not cause failure but should be avoided.

 

Profit Target: The profit target depends on the program. It ranges from 5% to 10%, with phase 2 in certain programs requiring a lower target.

 

Total Loss: The total loss is typically a percentage of the account's balance. For most programs, this ranges from 6% to 10%.

 

Daily Loss: Similar to total loss, each day comes with a drawdown limit, which if exceeded, leads to failure.

 

Profit Share: Profit splits start at 80/20 in favor of the trader, increasing to 100% once a 30% profit is achieved.

 

Drawdown Type: All drawdowns are balance-based, meaning they are calculated on your account's balance.

 

Time Limit: There is no time limit for scaling or completing the profit targets.

 

Leverage: FTP offers flexible leverage, allowing traders to take larger positions with a smaller capital base.

 

Max Lot Size: Lot sizes depend on the account size and market conditions, with details available on the trading platform.

 

Payout Frequency: Payouts are processed every 7 days.

 

Allows Copy Trading: Yes, copy trading is allowed on FTP accounts.

 

Min Trading Days: There are no minimum trading days, giving traders flexibility to take their time or trade more aggressively based on market conditions.

 

 

Scaling Plan

Funded Trading Plus offers a scaling plan that allows traders to grow their account size as they meet certain profit thresholds. For most programs, once a trader achieves a 10% profit, they can request a scale-up. For the Advanced Trader program, a 20% profit is required for scaling.

 

Max Account Size: The maximum account size can reach $2.5 million through the scaling program. However, scaling is not automatic; traders must request it manually through support.

 

 

Spreads

FTP offers minimal trading fees, with spreads varying based on the market and trading platform. Full details about spreads, commissions, and swaps are available directly within the trading platform.

 

News Trading Rules

Traders are allowed to trade during news events, but they should ensure that the volatility does not push their accounts beyond the drawdown limits.

 

Other Things to Keep in Mind

Daily Drawdown 

Daily drawdown is based on the balance of the account. If the trader exceeds the daily drawdown, it results in failure of the evaluation phase.

 

Countries Banned from Purchasing:

Funded Trading Plus does not allow trading from certain countries, including Cuba, North Korea, Syria, Iran, and Myanmar.

 

Gambling Rules:

FTP has strict guidelines against "toxic trading" practices like arbitrage or exploiting demo conditions. Traders engaging in such behaviors will be banned.

 

Strategies That Are Not Allowed:

Prohibited strategies include arbitrage and any form of manipulation that abuses demo conditions.

 

Payout Methods:

Payouts are processed within 48 hours via cryptocurrency or bank transfers. Withdrawals reduce the available drawdown on the account.

 

Trading Commissions:

Minimal trading fees apply, including spreads, commissions, and swaps. Details can be found within the trading platforms.

 

IP Rules:

Traders should ensure they are using a stable internet connection to avoid connectivity issues, especially when executing multiple trades across different platforms.