Funded Trading Plus is a proprietary investment firm offering eligible customers their own funds to trade with. The company cooperates with EightCap, a regulated Forex and CFD broker.
While prop firms don’t require regulations, they still need to abide by specific laws and keep everything transparent. Therefore, our unbiased Funded Trading Plus review aims to answer whether or not you can trust this one.
Funded Trading Plus is a proprietary trading firm. The company requires investors to pay a refundable fee and get access to the capital they can use to trade. Depending on your chosen program, amounts vary from $5,000 to $200,000.
Additionally, the Demo account and the trading are done through EightCap. It’s a Forex and CFD broker regulated by the FCA, ASIC, and SCB of the Bahamas. However, keep in mind that these regulations don’t mean much to you as you’re still a customer of the Funded Trading Plus prop firm.
But this sounds too good to be true. Get money to trade without investing hundreds of thousands yourself. Is Funded Trading Plus a scam? Let’s see.
Negative comments refer to users who didn’t pass the testing stage and were prompted to pay a certain fee for it. Any time you don’t pass, you can get a Funded Trading Plus coupon with a specific discount for a new attempt.
It’s on you to decide if you think this company can help you earn some profit.
Once you register, you’ll be prompted to trade on an Evaluation account. This is a practice account where you need to demonstrate enough skills so that you’d get money from the company. Depending on the account you opt for, there are different stages.
Once you pass them, you will be entitled to a profit split of 70/30 to 90/10. You have to follow certain rules, including minimum trading days, reaching profit targets, and sticking to daily drawdowns within limits. In addition, you will need to pay a certain fee to get enrolled.
With its strong social media presence, Funded Trading Plus is enticing customers from all over the globe. According to traffic analysis, the majority of their clients come from:
As mentioned, this broker cooperates with EightCap, using their trading platforms. Customers can trade on MT4 or MT5, which is a terrific choice. Both MetaTrader versions have millions of users and offer a high level of customizability and fund safety.
Therefore, the part where you need to invest is pretty great. You will have access to sophisticated platforms. Of course, assuming that you’ve passed the evaluation first.
Every MetaTrader comes with a dedicated mobile app. You can install it on Android or iOS. However, be careful where you download the app from. Scammers are often exploiting popular platforms for their own benefit. Therefore, ensure you get it from the official or broker’s websites.
This company offers four CFD classes that being:
What’s odd is that there are no shares, one of the most traded assets nowadays.
The company offers three different trader programs, depending on how much you want to pay, how much funds to get, and what trading conditions you wish to accept.
The first program gives you access to $12,500 to $200,000 for a refundable fee of $119 to $999, depending on the account size. The profit target is 10%, while the daily drawdown is 3%.
The Advanced program has accounts ranging from $25,000 to $200,000, with a refundable fee from $199 to $999. Since there are two phases, the first one has a profit target of 10%, while in the second phase, it’s 5%. The daily drawdown is 5%.
Finally, the Master program gives you access to accounts from $5,000 to $100,000 for a one-time fee of $225 to $4,500. This fee is non-refundable, meaning you’re bearing the risks of trading along with the firm. The relative drawdown is 5%, while the profit is split 70/30, unlike with the other two programs, where it’s 80/20.
The leverage for all accounts corresponds to the available leverage in the UK and the EU, being limited to 1:30.
You can register for a Demo account with EightCap broker using the credentials of Funded Trading Plus. Then, you can choose MT4 or MT5 and see the fees, leverage, and other trading conditions. It’s a good chance to practice before enrolling in the evaluation stage.
With the first two accounts, withdrawals are available from the moment the closed balance is above the account’s starting size. If you are below the target profit, it will reduce the drawdown.
For the Master program, withdrawals are available after $50 of profit, with the profit split of 70% to the trader and 30% to the company. After making an overall profit of 20% on your account, you can increase the profit that goes to you, meaning 80/20 or 90/10, depending on the program.
You can make the first withdrawal as soon as you make the profit, while the rest of the withdrawals are available after a minimum of 7 calendar days from the previous one. Once you decide to submit a request, you need to close all your trades first, then send an invoice from your Deel account to the company. Therefore, Deel is the only viable option for getting the money back. In addition, the company accepts crypto deposits and withdrawals.
Funded Trading Plus is a UK-based proprietary trading company. The firm offers you capital to invest if you can prove your skills during an evaluation phase. Some negative reviews indicate that the firm is intentionally not allowing clients to pass the initial stage, so they’d be forced to pay more money to join.
All in all, you should be careful and research the background of any company you trade with. And, in case something goes wrong, you can always contact Global Fraud Protection. Our chargeback experts and CipherTrace crypto analysts will evaluate your case during a free, non-obligatory consultation.
Don’t hesitate to get in touch today!
Funded Trading Plus is a proprietary trading company offering customers their own funds to invest. If you experience any issues, let us know.
The minimum account size with Funded Trading Plus is $5,000, with a fee of $225.
Funded Trading Plus borrows its platforms from EightCap broker, offering MT4 and MT5.
Funded Trading Plus is a proprietary trading company offering customers their own funds to invest. If you experience any issues, let us know.
The minimum account size with Funded Trading Plus is $5,000, with a fee of $225.
Funded Trading Plus borrows its platforms from EightCap broker, offering MT4 and MT5.
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