Funded Trading Plus is an instant prop trading platform designed to help new traders get started. They offer funded accounts so you can trade without putting up your capital. The goal is to find and support talented traders worldwide, regardless of their financial status.
This prop firm grew out of Trade Room Plus, a community for retail traders. The founders recognized that many aspiring traders struggle to enter the markets due to limited funds. So, they created Funded Trading Plus to allow more people to realize their potential.
The prop trading firm is open to traders of all backgrounds. They don’t care about your age, location, or trading experience level. All that matters is that you have skill and dedication. Here is a detailed Funded Trading review outlining its pros and cons.
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Pros of Funded Trading Plus
If you’re looking for a firm with experienced leaders, customized programs, excellent support, and expert mentoring, Funded Trading Plus should be at the top of your list. They provide everything you need to thrive as a trader so you can focus on what matters: making money in the markets. Here are some of Funded Trading Plus pros:
- One of Funded Trading Plus’s biggest pros is its flexibility. They have programs for new and experienced traders and offer generous weekly profit splits of up to 90/10.
- Another major benefit is that there are no time restrictions. You have no time limit to meet your profit targets during the evaluation phase. Whether it takes you a month or six months, you can trade at your own pace.
- Funded Trading Plus also accepts a wide variety of effective trading strategies. So whether you prefer day trading, swing trading, or position trading in the financial markets, you’ll be free to use the methods that work for you.
- With Funded Trading Plus, you can trade with real capital, not simulated money. This allows you to have an authentic experience in the live commodity markets. Achieving and maintaining the proper mindset is crucial to success as a trader, and trading with real money is the only way to develop that mindset.
- Funded Trading Plus is committed to properly funding qualified traders through its Master Trader Program. Once you pass their evaluation stage, your account will be quickly funded so you can focus on what you do best – trading.
- The single-phase evaluation program provides a fast-tracked experience to get your account funded without prolonged time limitations or complications. This allows you to start trading live with their capital much quicker.
- With over 250 crypto pairs in addition to forex, indices, and commodities, there are abundant opportunities for active traders of all styles. You’ll find suitable real markets if you prefer swing, day, or position trading.
- Funded Trading Plus offers tailored trading programs based on in-depth research of each trader. This ensures you aren’t limited to standardized sets.
Cons of Funded Trading Plus
While Funded Trading Plus offers appealing benefits for new traders, there are some downsides to be aware of:
Maximum Drawdown Limit
The firm imposes a maximum daily drawdown limit, which could challenge funded traders with riskier trading strategies. Funded Trading Plus may terminate your account if your losses exceed a certain threshold. For successful traders still learning risk management, this policy could cut your education short.
No Overnight Trading
Funded Trading Plus does not allow holding positions overnight, which could limit some trading strategies. Swing traders and investors may find the platform too restrictive. Day traders, however, may appreciate this policy as it reduces overnight risk exposure.
Who is Funded Trading Plus Best For?
Funded Trading Plus is ideal for experienced day traders looking for flexibility and generous profit split potential.
- Experienced Traders: With advanced trader programs and profit splits up to 100%, experienced traders can benefit from Funded Trading Plus. Their generous compensation plans reward skilled traders, and the chance to trade with the firm’s capital allows you to scale up without limits.
- Day Traders: If you prefer fast-paced day trading, Funded Trading Plus was designed with you in mind. Their services cater to short-term trading styles, and the potential to earn high percentages of your target profit goal means more money in your pocket at the end of each day.
- Traders Seeking Flexibility: Funded Trading Plus accepts various trading strategies and time frames. Whether you trade stocks, forex, futures, or options and hold positions for seconds or months, Funded Trading Plus aims to accommodate you.
Is Funded Trading Plus Right for You?
So, is Funded Trading Plus the right prop firm for you? That depends on your trading goals and level of experience. As an inclusive platform for professional traders of all backgrounds, Funded Trading Plus can work for both beginners and seasoned pros.
If you’re ready to take your trading to the next level with the backing of a supportive partner, Funded Trading Plus could be right for you. They provide the platform, capital, tools, and resources. You provide the skill and determination.
Together, the possibilities for success are endless. Click here to get started on Funded Trading Plus, and use the coupon code MODEST for a 10% discount to help you get started on your trading journey.
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