Funded Trading Plus: Information and detailed review

Funded Trading Plus

Funded Trading Plus is a proprietary trading firm based in London, United Kingdom, established in 2021. The firm has positioned itself in the forex industry as a provider that offers various pathways to simulated capital, ranging from standard evaluations to immediate funding models. They operate using Gooey Trade as their primary technology provider and offer access to several popular trading platforms.

The firm is structured to accommodate different trading styles by providing a mix of risk management frameworks. Their reputation is supported by a significant presence on review platforms like Trustpilot, reflecting a mature operation within the UK's regulatory environment for business services. Unlike many firms that rely on a single evaluation type, this firm focuses on flexibility through its three distinct program categories.

Evaluation models

The firm provides three primary paths to a funded account: 1-Step Express, 2-Step Classic, and Instant Funding. Each model is designed for a specific trader profile, balancing the speed of access to capital against the strictness of the risk parameters.

1-Step Express

The 1-Step Express program is designed for traders who prefer a faster route to funding. It requires hitting a single profit target of 10%. The defining characteristic of this program is its Relative Trailing Drawdown, which makes it suitable for traders who can manage equity fluctuations while scaling their account balance. Once the trader passes the single phase, they move directly to a simulated live account.

2-Step Classic

The 2-Step Classic is the most traditional model, requiring two consecutive evaluation phases with a 7% profit target each. This program is distinct because it utilizes a Static Drawdown rather than a trailing one. This makes it more attractive to conservative traders or those who prefer to keep their earned profits as a buffer without the drawdown limit moving upward with their balance. However, this program introduces stricter consistency rules and a Symbol Loss Limit that are not present in the other models.

Instant Funding

The Instant Funding program bypasses the evaluation phase entirely, allowing traders to start earning a profit split from the first day. Because the firm takes on the risk immediately, these accounts are priced significantly higher and have lower leverage compared to evaluation accounts. There is no profit target to reach; the trader simply manages the account within the drawdown limits and receives payouts according to the schedule.

Drawdown and risk management

Risk management at this firm is categorized by how the maximum loss limit is calculated, which varies significantly between programs. Understanding these mechanics is crucial to avoid a hard breach.

Relative Trailing Drawdown (Express and Instant)

In the Express and Instant programs, the firm uses a 6% Relative Trailing Maximum Drawdown. This limit is calculated based on the account's High Watermark (the highest balance reached).

• As the account balance increases, the drawdown limit trails behind it at a 6% distance.
• Crucial Mechanic: The trailing stops once the drawdown limit reaches the initial starting balance. From that point forward, the drawdown becomes static at the initial balance, allowing the trader to build a "buffer" with their profits.

Static Drawdown (2-Step Classic)

The 2-Step Classic program uses an 8% Static Drawdown. This limit is fixed from the moment the account is created and is based on the initial balance. Unlike the trailing model, the maximum loss limit never moves upward, regardless of how much profit is generated. This provides a more transparent and arguably more lenient environment for long-term growth, as profits directly increase the distance between the current balance and the breach level.

Daily Drawdown Calculation

The Daily Drawdown is balance-based and resets at 23:59 server time.

• For Express and Classic accounts, the limit is 4%.
• For Instant accounts, the limit is 6%. The daily limit is calculated from the closed balance of the prior trading day. If a trader ends the day with open positions, the floating equity does not reset the daily limit; only the closed balance at the server's midnight does.

Trading rules and restrictions

The firm maintains a relatively open trading environment, though certain technical and behavioral restrictions apply to protect the integrity of the simulated environment.

EA and Algo Trading

The use of Expert Advisors (EAs), algorithms, and bots is permitted. However, the firm may request a review of the EA upon passing an evaluation to ensure it does not engage in prohibited strategies. It is important to note that the firm does not provide technical support for third-party software, and the responsibility for the EA's performance and risk management lies entirely with the trader.

Prohibited Strategies

To maintain a realistic trading simulation, several strategies are strictly forbidden:

• Arbitrage (Latency or otherwise).
• Tick scalping (positions held for extremely short durations to exploit demo feed gaps).
• Grid trading and Martingale (though not explicitly banned in all contexts, they are often scrutinized under risk reviews).
• Copy trading from external sources or between different users is prohibited.
• Hedging across multiple accounts is a hard breach, although hedging within the same account is allowed.

Inactivity and Consistency

All accounts are subject to a 30-day inactivity rule. A trader must open and close at least one trade every 30 days to keep the account active. The 2-Step Classic program is the only one with a formal consistency rule:

• 35% consistency during evaluation phases.
• 50% consistency during the funded phase.
• Symbol Loss Limit: A hard breach occurs if a single instrument incurs more than a 3% loss of simulated equity in a single day.

Payouts

The payout structure is designed to reward consistency and long-term participation through a scaling profit split.

Profit Split Scaling

All programs start with a default 80/20 profit split (80% to the trader). The firm offers a unique path to increasing this share:

• 90/10 Split: Earned once the trader reaches 20% profit on the simulated funded account.
• 100/0 Split: Earned once the trader reaches 30% profit on the simulated funded account. This is a lifetime upgrade for that account. Additionally, traders can purchase an add-on at checkout to start their account immediately at a 90/10 split.

Withdrawal Frequency and Minimums

• 1-Step Express & Instant: The first withdrawal can be requested from day 1. Subsequent withdrawals are available every 7 days. The minimum withdrawal amount is $50.
• 2-Step Classic: The first withdrawal is available 10 days after the funded account is created. Subsequent withdrawals are available every 10 days. The minimum withdrawal is 1% of the initial balance.

Payouts are processed via Crypto or Bank Transfer, providing flexibility for international traders.

Platforms, assets and limitations

The firm provides a robust technological suite, though it is subject to certain geographic restrictions.

Available Platforms and Brokers

Traders can choose between:

• MetaTrader 5
• DXTrade
• MatchTrader
• cTrader The technology is powered by Gooey Trade. The firm provides demo login credentials for DXTrade, cTrader, and MatchTrader to allow traders to test the environment before committing to a challenge.

Tradable Assets and Leverage

• Forex: Leverage up to 1:30 (Express/Instant) or 1:50 (Classic).
• Commodities & Metals: Leverage 1:20 to 1:30.
• Indices: Leverage 1:20.
• Crypto: Leverage 1:2. Commissions are generally set at $7 per lot for Forex, Metals, and Energies, while Indices and Crypto are commission-free.

Geographic Restrictions

The firm does not provide services to residents of several countries due to regulatory or high-risk concerns. These include Cuba, North Korea, Syria, Iran, Myanmar, Pakistan, Vietnam, and specific regions of Ukraine (Crimea, Donetsk, Luhansk, Kherson, Zaporizhzhya).

Summary: who this firm suits

Funded Trading Plus is a versatile firm that caters to different risk appetites through its segmented program structure. The absence of time limits on evaluations is a significant advantage for traders who prefer to wait for high-probability setups without the pressure of a calendar deadline.

Trader Profiles

• The Aggressive Scalper: Likely to benefit from the 1-Step Express program due to the fast funding path and the 7-day payout cycle, provided they can manage the trailing drawdown.
• The Conservative Swing Trader: The 2-Step Classic is the ideal choice here. The static drawdown prevents the loss limit from "creeping up" during long-held winning trades, and the higher leverage (1:50) assists with margin requirements for multiple positions.
• The Capital-Ready Professional: For those who wish to skip the "test" phase, the Instant Funding model provides immediate access, albeit at a higher entry cost.

Key Highlights and Limitations

• Highlight: The potential to reach a 100% profit split is one of the most competitive offers in the industry.
• Highlight: No minimum or maximum trading day requirements (outside of the 30-day inactivity rule).
• Limitation: The Relative Trailing Drawdown in Express/Instant programs can be challenging for traders who experience significant equity retracements.
• Limitation: The Symbol Loss Limit in the Classic program adds an extra layer of complexity to risk management that requires precise position sizing per instrument.

In conclusion, the firm offers a professional environment with clear, albeit distinct, rules for each program. Success requires a deep understanding of which drawdown model (Static vs. Trailing) best fits the trader's specific strategy.