In the vast world of proprietary trading firms, Funded Trading Plus has emerged as a notable contender. But the question on many traders’ minds is, “Is Funded Trading Plus legit?” This Funded Trading Plus review delves deep into the company’s offerings, reputation, and user feedback to provide a well-rounded perspective.
Funded Trading Plus promotes itself as a firm that provides aspiring traders the opportunity to trade with sizable funding after going through an evaluation process.
According to their website, traders can receive up to $2,500,000 in funding and keep up to 80% of the profit targets. This certainly seems appealing to new traders looking to build up their skills and earnings potential.
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What Is Funded Trading Plus?
Funded Trading Plus is a prop firm that offers funded trading accounts to qualified traders. Traders start by opening an evaluation account to demonstrate their skills. The size and conditions of the evaluation account depend on the account size the retail trader chooses.
Once a trader passes the evaluation, they are given access to a funded account with a balance of up to $1 million to trade. Funded Trading Plus covers all losses on funded accounts so traders can focus on their trading strategies without worrying about personal financial consequences. Successful traders have the potential to keep up to 90% of the profits they generate.
Funded Trading Plus prides itself on being transparent, fair, and having clear rules. This makes it an appealing choice for professional traders looking for a reliable prop firm. The company’s funded model allows experienced traders to significantly increase their earning potential by giving them access to accounts much larger than they could trade on their own.
For advanced traders interested in the opportunity to trade larger amounts of capital, Funded Trading Plus provides an attractive offer. The combination of funded accounts, profit sharing, and loss coverage gives traders a chance to grow their skills and earning potential.
How To Get Started Trading on Funded Trading Plus
To get started trading on Funded Trading Plus, talented traders go through a rigorous evaluation process to determine their skills and potential.
Funded Trading Plus offers three programs for traders at different skill levels. The Experienced Trader Program Account is for seasoned traders and features a single-phase evaluation, an 80/20 profit split, and no time limits.
The Advanced Trader Program Account gives traders more drawdown flexibility with a two-phase evaluation and 80/20 profit split. Finally, the Master Trader Program Account provides instant funding for successful traders, with no evaluation required and a 70/30 profit split.
To apply, traders fill out an online application detailing their experience, skills, and trading strategy. If selected to move forward, traders go through a simulation evaluation where they trade with a practice account. Their skills and risk management techniques are assessed to ensure they align with Funded Trading Plus’ standards before receiving funding.
Receiving Funding and Trading Live
Once a trader passes the evaluation, they receive funding to trade live markets with oversight and support from Funded Trading Plus. The amount of funding depends on the trader’s performance in the evaluation. Traders keep 70-80% of the profits, while Funded Trading Plus receives the remainder.
Funded Trading Plus stands out from other proprietary trading firms because of its rigorous screening process. They aim to work only with skilled traders who show strong risk management abilities and the potential for success.
For the right traders, Funded Trading Plus provides an opportunity to trade with more capital and keep a sizable portion of the profit shares, allowing them to focus on trading rather than seeking out funding sources.
What is the Need for Funded Trading Plus Evaluation?
Funded Trading Plus has rigorous evaluation phases for a reason. It’s not just about finding the best traders; it’s about building a mutually beneficial relationship. When skilled traders succeed, they profit personally and contribute to the company’s success.
This alignment of interests creates a win-win, allowing both Funded Trading Plus and its traders to thrive in the competitive trading world.
By setting high standards for entry, Funded Trading Plus ensures only those with exceptional skills gain access to company funds. This protects capital but also gives traders a platform to showcase expertise and reap rewards.
Verdict: Is Funded Trading Plus a Scam?
According to numerous reviews and testimonials, Funded Trading Plus appears to be a legitimate company dedicated to empowering traders. It boasts an impressive 4.9/5 rating on Trustpilot, based on feedback from over 1,600 users. This high rating is a testament to the company’s commitment to excellence and user satisfaction.
These reviews, among many others, showcase the positive experiences traders have had with Funded Trading Plus, further solidifying its legitimacy in the industry.
The abundance of positive reviews from actual traders, its track record of success, industry expertise, and commitment to empowering traders of all backgrounds point to a legitimate company poised to help many achieve their goals. While no company is perfect, Funded Trading Plus appears dedicated to excellence and has proven itself to be a trusted resource for traders looking to access funded accounts. Click here to start your trading journey with Funded Trading Plus.
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