Experienced, Advanced and Master Trader Programs
There are no monthly fees on the Experienced & Advanced Trader programs. The program fee are a one off charge.
Yes. The aim of the Assessment is for us to make sure that you are a consistent trader without any capital risk. Unlike normal Demo accounts, our Assessment accounts perform in the same way as our Real Accounts do in the live market environment, so they will feel like normal live accounts. As our Assessment is set up to assess your ability without risking capital, You cannot withdraw profits on the assessment phase.
Within reason you can take as long as you like. However if no trades are taken over a 6 month period we may terminate the assessment.
Trades can be executed in both directions on the same market at the same time.
Please see this video: https://youtu.be/DSeG5tsxmNk
You can view markets here: https://www.fundedtradingplus.com/available-markets/
We have negotiated the most competitive rates from our broker available. Trading costs are minimal and the most competitive in the prop trading arena.
There are NO data fees that the trader needs to meet.
Our liquidity provider is EightCap, their spreads, swaps, and commission fees are the most competitive in the market. The markets you have available to you via Funded Trading Plus is their RAW account. For more information on commissions and spreads on RAW accounts with Eightcap, see here: https://www.eightcap.com/en/trading/trading-conditions/spreads/
Swaps are fees you pay for holding overnight for a week-long period. You can see the detail for each market on the platform. Some funded trading prop firms have added spread to their liquidity provider to increase their profits (and reduce the profitability of the traders). We have not done so and have no intention of doing so. You can find out more about EightCap’s spreads here: https://www.eightcap.com/en/trading/trading-conditions/spreads/
MT4 File Download
MT5 File Download
How to use FT+ Risk Manager video: https://www.youtube.com/watch?v=ExJCaFvnQzg&t=22s
MT4 Demon Scalper EA here: https://www.fundedtradingplus.com/wp-content/uploads/2022/01/Demon-Scalper-mt4-V5.zip
MT5 Demon Scalper EA here: https://www.fundedtradingplus.com/wp-content/uploads/2022/01/Demon-Scalper-MT5-V5.zip
How to use Demon Scalper video: https://www.youtube.com/watch?v=pZ5SetzoqpY
Copytrading one of your own accounts across to our programs is allowed.
Please bear in mind we do not fund more than one account that is trading the same trades.
Our business is modeled around finding great traders for us to fund. We will not fund people who copy trades directly from somebody else. Our job then becomes to identify the source trader and look to fund them. We will not fund people who have automatically copied another trader.
Traders who wish to multiply their account size up should first pass an evaluation and then scale up according to our program.
We refund fees on the Experienced Trader and Advanced Trader Programs once traders reach their first withdrawal above their profit target.
Fees are not refundable on the Master Trader Program.
We do not require traders to complete compliance before taking an Evaluation program. Traders who pass will be asked to sign a contract and to provide identity their appropriate proof via the contractor management system, Deel. The funded account will be created after the contract has been digitally signed.
Deel enables us to pay traders around the world with contracts relevant to their country and traders use this platform to invoice us for withdraws. Payments are then available to the traders in their preferred currency.
Traders may pre-register as a contractor before passing the evaluation here: https://app.letsdeel.com/signup
Please open a support ticket if you are unable to register on Deel.
No, you can take as long as you need to pass the Assessment. We believe this helps take the pressure off and allows traders to risk the right amounts.
Yes. You can trade any strategy or style of trading you’d like.You can also trade with EAs, Algos or Bots. Please be mindful of the rules and limits when selecting strategies and EAs.
For our Experienced and Advanced Trader programs, we operate accounts on MT4 or MT5, during both the assessment and on our real accounts. We use 8Cap as our broker of choice. They offer the tightest spreads on the widest range of markets. 8Cap also has all of the major global regulatory licenses, so we are satisfied that not only will they pay out but also that our capital is secure.
All trades on our funded accounts are real trades executed on real markets through a broker. If your trades make money the profit is real and held by the broker. We only use a fully regulated and insured broker and the money is therefore guaranteed to be available to be paid out to our successful traders.
Unlike many other firms, we want consistent traders because together, we can profit for mutual benefit. This is the reason why we are very selective over the broker/s and liquidity providers that we work with. We know that our selection/s will pay out when you make a profit as they have global regulation. From our perspective, it is in our best interest to ensure you get your profits as this means you will continue to trade with us and ultimately that benefits us both long term.
Drawdown on funded accounts works in exactly the same way as it does on the evaluation programs.
The initial % drawdown allowance of a Funded Account is the same as the evaluation account you choose.
If the account is in profit you may withdraw at anytime. You can make up to one withdrawal request a week. The profit you withdraw will be split 80% to you and 20% to Funded Trading Plus.
Most traders on live Funded Accounts will usually aim to keep a drawdown buffer of at least 10% in the account. The drawdown level ignores withdrawals and is calculated from the balance of the account as if no withdrawals have been made.
Your drawdown allowance moves up with account profit above the starting balance level until it meets the starting balance level. And this is where it then remains no matter how much profit you then make.
On a live Advanced Trader Account, once you have reached 10% profit, the drawdown no longer trails and the total account size becomes your lowest point of drawdown. This means if you are on a $100,000 account and you achieve $111,000 you would now have a total drawdown allowance of 11%. In this example, your account can not go below $100,000 once $110,000 is achieved. Please be aware that when you come to withdraw your profits, you should leave a sensible amount in your account to cover any drawdown you might expect. This is because your account cannot fall below the total allocated to you (in this example that would be $100,000).
80% and then 90%.
We operate a 80/20 split, with 80% of profits going to you and 20% going to us. Once users have achieved a 20% profit target on their Real Account, all profits over this amount can be changed to a 90/10 split (90% going to you and 10% going to us) upon request.
Balance in account = $115,000.
Total Drawdown Limit = $15,000.
Trader withdraws $6000. Trader gets $4800 (80%).
Account size is now $109,000.
$109,000 – $100,000 = $9000.
Trader has a $9000 total drawdown allowance or 9%.
Balance in account = $110,000.
Total Drawdown Limit = $10,000.
Trader withdraws $10,000. Trader gets $8000 (80%).
Account size is now $100,000
$100,000 – $100,000 = $0.
Trader has no drawdown, the account is automatically closed.
Initially the profit split is 80/20. Once traders achieve 20% profit, they can request a 90/10 profit split moving forward.
ou can download the trading tools for the 8Cap trading accounts here:
Watch the video on the mini terminal
We are planning on adding TradingView very soon. Please let us know via a Support Ticket, if this is important to you.
Neither NinjaTrader or Tradestation are connected to our platform and are not required.
If you want to make your trading decisions on NinjaTrader or Tradestation you can continue to do so and you can execute the trades on MT4 or MT5. Many professional traders prefer to execute trades on a different platform from their analysis. This gives them a few seconds to re-consider the trade execution and this can help their profitability.
Our traders also do not need to pay the high exchange connection fees associated with trading on NinjaTrader and Tradestation.
Please see this article on CFDs Vs Futures https://www.fundedtradingplus.com/cfds-vs-futures-why-cfds-are-better-for-prop-trading/
The unedited customer satisfaction survey is published here: https://www.fundedtradingplus.com/funded-trading-plus-review/
There is no hard limitation on the number of accounts you can have however, you can have up to $400,000 initial AUM (amount under management) on Experienced and Advanced Trader Programs and a total of $2,500,000 in total funding across all your accounts when scaling. You can have $200,000 per strategy on the Experienced Trader Program and $100,000 per strategy on the Advanced Trader Program and Master Trader Programs. You can copy your personal trades to one FT+ program but bear in mind the per strategy limitation mentioned above.
If you fail an evaluation you will be offered the opportunity to reset at a discounted price. Prices for programs and resets are subject to regular assessment and may change.
This video playlist will help you set-up and start to use MetaTrader – MT4/MT5 platforms quickly: https://www.youtube.com/watch?v=POFOu2c2GxI&list=PLLqEEHKbLX-IONvz0HDWk6lzROS6MPsDB
A swap-free trading account is a trading account where swaps (overnight commissions) are not charged. As these charges are considered as lending by some, brokers do sometimes remove the swaps and instead charge an admin fee instead. The end result for the broker is the same and for the trader, it’s usually more expensive.
All our Funded Trading Accounts are owned by us. Traders never own the funded account they just get access to trade it as a contractor employee. Any commission fees shown on the account are borrowing or lending being done by Funded Trading Plus, not the trader. The commissions are used in our calculations of the success of the trader.
Until the profit target is reached, max drawdown is relative to the account high watermark measured in equity. Please see this video: https://youtu.be/KbxT_igqD70
Funded traders will be classified as independent contractors. As a UK company, we are not linked to the IRS in the US and we are under no obligation to provide them with information on the earnings of US-based contractors. We will give you a contractor service agreement and you will invoice us. It will then be up to you how you report your earnings in the states. This is the way we have been to work with US contractors, if you think this wrong, please let us know – we are happy to investigate and use other solutions.
Funded traders will be classified as independent contractors. We will give you a contractor service agreement and you will invoice us. It will then be up to you to report your earnings to HMRC.
Funded traders will be classified as independent contractors. We will give you a contractor service agreement and you will invoice us. It will then be up to you to report your earnings to your relevant tax authorities.
You can find a copy of our terms and conditions here. https://www.fundedtradingplus.com/experienced-trader-terms-conditions
No. When you become a Funded Trader we will need to be able to pay into bank account. You will understand that it’s not possible for us to pay into a bank if the name on the bank account does not match the name on the trading account.
It is legal for US citizens to trade our funded trading markets. Funded trading activities are not regulated by the US Securities and Exchange Commission (SEC).
You can trade Experienced and Advanced trader programs up to the value of $400,000 at the same time.
Master Trader Program does not have limits, however, please contact us before buying more than $400,000 in value.
Risk Management Assessment
All traders who reach the profit target of their evaluation will have their trades assessed by our risk management team before a funded traded account is approved. If the risk management team sees evidence of trading that is deemed to not follow proper trade risk management we reserve the right to not give the trader a funded account.
A trader who looks to take a limited number of trades at maximum leverage and finds that these trades hit the profit target will not have shown us sufficient evidence of proper risk management.
A trade is not necessarily defined by a single trade execution on our trading platform. A trade may also be multiple executions or similar entries on the same market and held at the same time.
In normal circumstances the trader will be given the benefit of the doubt. We have found however that there are people who are prepared to accept the loss of their fee and take extreme over-leveraged trades to pass their evaluation phase/s in hours or days. Putting these people in the real market with real money would result in significant losses to our capital. This would reduce our ability to continue to provide our great traders with funding.
We have released an update to the demo server. We did this to emulate the same live market conditions that you would experience in a live funded account with us. We were finding that a number of traders who passed the tests couldn’t actually trade in the same way in the real market. Demo servers behave differently to real market servers, as they will give instant executions regardless of market conditions, volatility, and available liquidity, as they are not having to route and fill actual orders in the real market.
As you know, we’re different from many other firms, we put our funded traders in the real live market. There is no value to us or the trader if the trades are not executable in real live market conditions. We have also noticed a number of toxic traders who were taking advantage of generous demo conditions to establish a risk-free position – this is a form of arbitrage.
As you may know, we review every passed account. There are obvious red flags that indicate if a person is using toxic methods such as arbitrage. In this case, we will perform an in-depth review of the trades taken. If we identify that a trader is using toxic methods of trading such as arbitrage, they may be banned and not given a live funded account. Toxic trading identification is standard practice across all CFD brokers and Funded Trading providers throughout the world.
Whilst we accept EAs as part of trading, please make sure that EAs used do not trade based on the above methods or it could result in account bans.
This update will result in some slippage for some clients. This is a normal part of trading and slippage on real accounts occurs depending on the availability of liquidity at the entry/exit price. In normal live trading conditions, slippage works both ways and usually makes little difference to a trader’s trade record. Slippage can be a big problem for traders who are over-leveraged and looking to pass with as few trades as possible. This type of trading does not translate to the real market.
The overwhelming majority of traders do not abuse MetaTrader when undertaking our funded trading programs so this notice will not affect them.
We have two simple rules and we want to keep it that way. Unlike other firms, we’ve not implemented minimum trade times or minimum trading days, we don’t have a policy where traders need to send their EAs to us before being authorised plus other restrictive rules. Policies like this allow us to keep the program’s rules as simple and fair to you as possible.
If you have any questions, please feel free to contact us on live chat.
Funded Trading Plus is looking to find and work in partnership with real traders who want to be put in the real market to earn real money.