Funded Trading Plus (FTP)

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Funded Trading Plus (FTP)

Funded Trading Plus (FTP) is a proprietary trading firm offering funded trading accounts to forex and CFD traders. It provides traders with capital to trade various financial instruments while managing risks and sharing profits. Here’s an in-depth look at Funded Trading Plus:

Key Features

Funding Programs

  1. Experienced Trader Program
    • Phases: Single-phase.
    • Profit Targets: 10% profit target.
    • Drawdown Limits: 6% daily and 10% maximum drawdown.
    • Account Sizes: Ranges from $25,000 to $200,000.
    • Trading Period: Typically 30 days.
  2. Advanced Trader Program
    • Phases: Single-phase.
    • Profit Targets: 8% profit target.
    • Drawdown Limits: 5% daily and 10% maximum drawdown.
    • Account Sizes: Ranges from $25,000 to $200,000.
    • Trading Period: Typically 30 days.
  3. Master Trader Program
    • Phases: Two-phase.
    • Profit Targets: 8% in Phase 1, 4% in Phase 2.
    • Drawdown Limits: 5% daily and 10% maximum drawdown.
    • Account Sizes: Ranges from $25,000 to $200,000.
    • Trading Period: 30 days for Phase 1 and 60 days for Phase 2.

Trading Rules

  • Instruments: Forex, commodities, indices, and cryptocurrencies.
  • Leverage: Up to 1:100.
  • Platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Payouts

  • Profit Split: Starts at 75% and can go up to 90% based on performance and account type.
  • Frequency: Monthly or bi-weekly.
  • Payment Methods: Bank transfers, cryptocurrencies, and online payment methods.

Fees

  • Evaluation Fees: One-time fee based on the selected account size.
  • Advanced and Master Fees: Usually higher due to comprehensive evaluation criteria.

Trader Support

  • Educational Resources: Includes trading courses, market analysis, and webinars.
  • Community: Engages through forums, social media, and trading groups.
  • Customer Support: Available via email, live chat, and phone.

Pros and Cons

Pros

  • High Profit Split: Competitive profit-sharing model.
  • Flexible Account Sizes: Suitable for various trader levels.
  • Educational Support: Offers robust resources for traders.

Cons

  • Evaluation Requirements: Stringent profit targets and drawdown limits.
  • Fees: Higher initial costs for advanced programs.

Reputation

Funded Trading Plus has gained a positive reputation for its flexible funding options and supportive trading environment. Traders appreciate the high profit splits and variety of programs catering to different skill levels.

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