1. Operational Background and Reliability
- Market Longevity: Funded Trading Plus (FTP) is a more established firm, operating since 2021 from London, United Kingdom. forTraders (FT) is a newer entrant (2023) based in Dubai, UAE.
- Trustpilot Presence: FTP maintains a transparent profile with a high score (4.6), whereas FT’s Trustpilot profile is currently blocked, which introduces an additional layer of due diligence for the trader.
- Geographic Restrictions: Both firms have similar banned lists (Iran, North Korea, Syria, etc.), but forTraders specifically bans the United Arab Emirates, which is unusual given their headquarters are located there.
2. Evaluation Diversity and Program Structure
- Step Variety: forTraders offers a wider range of entry points, including 1-step and 2-step challenges, as well as Instant Funding. FTP focuses on 1-step (Experienced), 2-step (Advanced/Premium/Prestige), and Instant (Master) programs.
- Profit Targets: FTP’s targets are generally around 10% for 1-step and 8-10% for 2-step. forTraders is more varied, with its Fast and Fast Static 1-step challenges requiring 9% and 10%, and its 2-step requiring 8% then 5%.
- Instruments: While both offer Forex and CFDs, forTraders has a specialized "Crypto" line of accounts with specific rules, making it more attractive for dedicated crypto traders.
3. Drawdown Mechanics: Trailing vs. Static
- The FTP Advantage: FTP’s 1-step and Instant programs use Relative Trailing Drawdown, but with a crucial benefit: it "locks" at the initial balance once reached. This means once you are in profit by the amount of the drawdown, it becomes a static drawdown at your starting balance.
- The FT Risk: forTraders uses Trailing Drawdown for One-Step and Instant accounts without the "lock" feature mentioned by FTP, making it harder to secure the account as profits grow.
- Static Options: Both firms offer Static Drawdown on their 2-step accounts, which is the safest model for traders as it never moves upward with profit.
4. The Leverage Trap in forTraders
- Inconsistency Risk: forTraders offers very high leverage during the evaluation phase (up to 125:1 on Forex). however, once the account is funded, this drops significantly to 40:1.
- Execution Danger: This leverage reduction is a major risk; a trader who passes an evaluation using high-lot sizes will find they cannot replicate the same strategy on the funded account due to margin limitations.
- FTP Stability: FTP offers more consistent leverage (1:30 to 1:50), allowing the trader to maintain the same risk management from evaluation to live trading.
5. Payout Frequency and Conditions
- FTP Speed: FTP allows withdrawals from Day 1 on their 1-step and Instant programs, then every 7 days. This is one of the fastest payout cycles in the industry.
- FT Delays: forTraders operates on a standard 14-day cycle. Furthermore, FT requires "Minimum Profitable Days" (usually 3 days with at least 0.5% profit), whereas FTP has no such time-based hurdles.
- Refund Policy: Both firms offer refunds. However, FT only grants the refund after the 4th payout, which is a significant barrier compared to FTP’s refund upon the first withdrawal (on applicable programs).
6. Trading Restrictions: News and EAs
- News Trading: FTP is "News Friendly" across the board. forTraders allows news trading during evaluations but strictly prohibits opening trades 5 minutes before/after high-impact news on funded accounts. This is a common trap that can lead to account termination for funded traders.
- Automation (EAs): FTP allows full automation, Algos, and Bots. forTraders only allows EAs as "assistance," meaning they cannot be fully autonomous. If you use a bot to execute trades, FTP is the only viable option between the two.
- Consistency Rules: forTraders enforces a 15% consistency rule on Instant and Crypto accounts (no single day can account for more than 15% of total profit). FTP only applies consistency rules (35%-50%) on their 2-Step Classic program.
7. Scaling and Long-Term Rewards
- Capital Growth: FTP offers scaling up to $2.5 million based on hitting 10% or 20% profit targets.
- Loyalty: forTraders has a Loyalty Club with five tiers, from Starter to Legend, that improve profit split, scaling, drawdown limits and targets. FTP is better for those seeking pure capital growth.
8. Summary and Final Verdict
Choose forTraders if:
- You are looking for the cheapest possible entry (Pay After Pass, from $29 plus activation).
- You are a Crypto-focused trader who needs specific accounts for that asset class.
- You value a loyalty program that improves your conditions over time.
- You don't mind the leverage drop from evaluation to funded.
Choose Funded Trading Plus if:
- You want maximum reliability and a proven track record (UK-based, positive Trustpilot).
- You use fully automated EAs or Algos.
- You want payouts as fast as possible (Day 1 availability).
- You trade the news and don't want to worry about "restricted windows."
- You prefer a Trailing Drawdown that locks at the starting balance, offering more security for your profits.
