When it comes to prop trading and funded trader programs, many aspiring traders seek ways to scale their trading activities without putting their own capital at risk. Funded Trader Plus offers one such opportunity by providing experienced traders with capital to trade, while sharing in the profits. In this in-depth Funded Trader Plus review, we will analyze the program’s features, the application process, its risk management rules, and whether it is a good fit for traders looking to scale their trading career.
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What is Funded Trader Plus?
Funded Trader Plus is a proprietary trading firm that offers traders the opportunity to trade using the firm’s capital. The concept behind Funded Trader Plus is simple: traders who qualify through their evaluation process gain access to live accounts funded by the firm. This enables them to trade larger positions and potentially earn higher returns, while only sharing a percentage of the profits with the firm.
The program is designed for traders who have a proven track record or those who are confident in their trading strategies but may lack the capital to trade at a larger scale. The firm allows traders to utilize advanced tools, training, and a risk management system to maximize their trading potential.
How Does Funded Trader Plus Work?
Step 1: Evaluation Process
One of the core aspects of Funded Trader Plus is its structured evaluation process. To ensure that traders are capable of handling real trading capital, Funded Trader Plus requires potential traders to complete a two-phase evaluation.
Phase 1: The Demo Challenge
The first phase of the evaluation involves trading a demo account. Traders are required to achieve a specific profit target while adhering to the firm’s strict risk management rules. This phase helps assess the trader’s ability to manage risk and execute their strategy under real market conditions.
Phase 2: The Live Evaluation
Once the demo challenge is successfully completed, traders move to the second phase: the live evaluation. Here, traders trade using a real, funded account provided by Funded Trader Plus. In this phase, traders need to meet a profit target while staying within defined drawdown limits. If successful, the trader is then fully funded by the firm, and they can begin trading larger sums.
Step 2: Profit Sharing
Once a trader passes both phases, they are given access to a funded account, and the real trading begins. A major benefit of Funded Trader Plus is its profit-sharing model. Traders typically keep between 70-90% of the profits, depending on the account size and their performance. This percentage is one of the most competitive in the industry and allows traders to earn substantial profits without risking their own capital.
The profit-sharing model motivates traders to maintain a high level of performance, as they retain a large portion of the profits they generate. This setup allows traders to focus on making profitable trades without worrying about their personal capital.
Step 3: Risk Management Rules
While Funded Trader Plus provides traders with capital, it also enforces strict risk management guidelines to protect the firm’s funds. These rules are critical for ensuring that traders do not risk the firm’s money recklessly.
Some of the key risk management rules include:
- Maximum Drawdown: Traders are typically restricted to a maximum daily or overall drawdown limit. Exceeding this limit can result in account suspension or termination.
- Position Sizing: To minimize the risk of substantial losses, Funded Trader Plus often sets limits on the size of positions traders can take relative to their account balance.
- Daily Loss Limits: The firm may set a daily loss limit, which helps protect both the trader and the firm from large, rapid losses in volatile market conditions.
These risk management rules are essential to the firm’s success and ensure that the trading environment remains sustainable for everyone involved.
Advantages of Trading with Funded Trader Plus
There are several compelling reasons why traders choose Funded Trader Plus as their preferred trading platform. Let’s take a look at the key advantages:
1. Access to Capital
The primary benefit of Funded Trader Plus is the access it provides to trading capital. Traders don’t need to risk their own money, which allows them to trade with larger positions and potentially earn higher profits. This access to funds is invaluable, especially for those who may not have substantial personal capital.
2. No Personal Financial Risk
By trading with the firm’s funds, traders can limit their financial risk. Since the trader is not using their own money, they can focus on executing their strategy without the emotional stress of losing personal capital. However, traders must still follow the firm’s risk management rules to avoid breaching the loss limits.
3. High Profit Split
Funded Trader Plus offers one of the most generous profit splits in the industry, typically ranging from 70-90% for the trader. This means that traders can earn a significant portion of the profits generated from their trades, making it a very attractive option for experienced traders looking to scale their operations.
4. Comprehensive Training and Support
Funded Trader Plus provides traders with access to training programs that help them sharpen their skills. Whether it’s advanced technical analysis, risk management, or market psychology, the firm offers resources that can enhance a trader’s knowledge base. Additionally, there’s ongoing support to help traders stay on track and improve their performance.
5. Flexibility in Trading Style
One of the standout features of Funded Trader Plus is the flexibility it offers to traders. Whether you prefer day trading, swing trading, or long-term investing, the firm accommodates various trading styles. This flexibility allows traders to tailor their strategies to suit their strengths and preferences.
6. Low Barrier to Entry
Unlike other prop firms that may require substantial capital or a large upfront fee, Funded Trader Plus has relatively low barriers to entry. Traders can begin with a low-cost evaluation and progress through the phases, making it an accessible option for traders of all skill levels.
Potential Drawbacks to Consider
While there are many advantages to working with Funded Trader Plus, it’s important to consider the potential drawbacks as well:
1. Strict Risk Management Rules
While risk management rules are essential for protecting both the trader and the firm, some traders may find these restrictions limiting. The strict drawdown limits and position sizing rules might not suit every trader’s style, especially those who prefer to take larger risks for higher rewards.
2. Profit Sharing Reduces Earnings
Although the profit split is generous, traders must still share a portion of their earnings with the firm. While this is typical in the prop trading industry, it’s something that traders must keep in mind when evaluating their potential earnings.
3. Evaluation Process May Be Challenging for New Traders
For novice traders, the evaluation process may seem daunting. The firm expects traders to perform well under pressure, and failure to meet the profit targets or risk management guidelines can result in a loss of the opportunity to trade with the firm’s capital. However, those with adequate preparation and experience should find this evaluation manageable.
Is Funded Trader Plus Worth It?
Ultimately, whether Funded Trader Plus is the right choice depends on a trader’s goals, experience, and risk tolerance. For traders who are looking to trade larger positions without using their own capital, the firm offers a great opportunity. The combination of generous profit splits, access to capital, and risk management makes it a top contender for traders who want to scale their trading activity.
However, the firm’s strict risk management rules and the evaluation process may not suit every trader. Those who prefer more flexibility or higher risk levels may find these restrictions challenging. Nonetheless, for those willing to follow the firm’s guidelines and work within its framework, Funded Trader Plus can be an excellent path to success in the world of prop trading.
Conclusion
In this Funded Trader Plus review, we’ve explored the key features, advantages, and potential drawbacks of joining this proprietary trading firm. With access to capital, a high profit split, and a comprehensive risk management system, Funded Trader Plus provides traders with the opportunity to trade at a larger scale without risking personal capital. For aspiring traders looking to level up their trading career, this firm offers a great way to gain valuable experience and earn substantial profits.
To learn more about Funded Trader Plus, visit their official website and explore the opportunities they offer for traders of all levels.
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