Frequently Asked Questions (FAQs)

Experienced, Advanced and Master Trader Programs

We have now implemented Know Your Customer (KYC) identity checks for all of our customers. This is required by our payment processors. If you have completed KYC for us previously, you do not need to do so again now.

The identity checks only take a couple of minutes and are easy to complete. The checks will recognise documents and photo ID from over 200 countries.

We need all customers to complete KYC before we can process any withdrawals, so doing it now means your withdrawals will be processed faster. Please ensure you complete your KYC within 3 days or your account will be paused until completed.

If you cannot complete KYC automatically, please contact us via support ticket and we can do this manually.

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.

You can take as long as you like, within reason. Even so, trade inactivity over a one month period may lead to failure as our firm incurs costs for monitoring all open accounts. 

To avoid account closure, please ensure you take a minimum of 1 trade every 30 days.

Trades can be executed in both directions on the same market at the same time.

MT4 programs accounts cannot be used on MT5 and vice versa.
 
If you wish to change your program platform you can only do this if you have not started the program and taken any trades.
 
Yes, it is possible. We have to breach and close the first account and then open a new account. We do however have costs attached for doing so as we get charged by our broker per trading account creation. The fee you have paid so far only covers the first account and not the second one. By paying the broker in this way we are able to have the best trading spreads in the market.
 
The cost for changing the account is $25. If you would like us to go ahead and change your account please let us know via a support ticket. You can pay for the change here: https://www.fundedtradingplus.com/checkout/?add-to-cart=4992
 
NOTE: DO NOT USE THE OLD ACCOUNT
In MT4 or MT5 click view – click symbols
 
Symbols box pops up – click Index and Crypto
 
Click on the symbols (markets) you want active – then click show
 
This video also explains: https://www.youtube.com/watch?v=sCOF5P5WBEQ
 
Markets now appear in the market watch panel.
 
Some of the US markets available:
S&P 500 ES is called SPX500.p
Nasdaq is NDX100.p
Russell is US2000.p
YM Dow Jones is US30.p

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.

On MT4 and MT5

Forex Markets are RAW and all other markets are Standard.

On TradingView all markets are Standard and not RAW.

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/

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.

Please see: https://www.fundedtradingplus.com/withdrawals

We now use Deel for contracts and withdrawals. 

Traders may pre-register as a contractor before passing the evaluation here: https://app.letsdeel.com/signup

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.

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.

You do however need to take a minimum of 1 trade every 30 days to avoid account closure.

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).

  • Profit Share

  • 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.

  • Example 1

  • 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%.

  • Example 2

  • 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.

Yes, TradingView is now available as an add-on option at checkout for an $80 charge. Please note TradingView has an advertising free subscription at a monthly fee. Our $80 charge is just your connection fee to EightCap via TradingView. All TradingView subscriptions are between you and TradingView.

Please note all Markets on TradingView are Standard Spread markets and not RAW.

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 cannot make the same trades in multiple accounts. 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. 

 
Ask yourself the question: if I’m a contractor, not an account owner does it now matter if the account is not swap-free? You personally will not be borrowing or lending any money to anyone.
 
Remember we are not a broker and therefore it is not possible for us to give anybody a swap-free account or any investment account of any type. 

Until the profit target is reached, max drawdown is relative to the account high watermark measured in closed balance.  Please see this page: https://www.fundedtradingplus.com/drawdown-information/

General

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 working with US contractors, if you think this wrong, please let us know – we are happy to investigate.

 

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.

 

All funded traders work as contractors for Funded Trading Plus. You will be asked to sign a service agreement before the funded trading account is allocated.

The link below is an example contract. Current contracts may vary from the example below.

Funded Trader Service Agreement

By default, all traders who pass an evaluation with us or who are on our Master Trader Program are placed on a live server and not a demo server with EightCap.  At our discretion, our risk management systems may decide to either hedge a proportion or all of their trading to reduce our potential losses. We may also at times, decide to put evaluation traders on a live server and hedge their positions. 

 

These systems do not sit between the trader and EightCap and make no difference to the trading of the account as far as the trader is concerned.

 

The risk management systems take into account many factors and are designed so that our successful traders can generate real money in a real money trading environment.  This approach to risk management ensures the longevity of Funded Trading Plus and that we are always able to pay profitable traders without losing large sums of money to high risk trading.

No. When you become a Funded Trader we will need to be able to pay into your 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).

 
US citizens are banned from opening CFD trading accounts using their own money and brokers in the US are not allowed to directly offer CFD accounts to US citizens. Funded Trading Plus (FT+) does not offer US citizens the opportunity to open and fund CFD accounts themselves as this would be against the regulations. 
 
FT+ is a UK company that sells the opportunity to pass a trading test – our Evaluation and Advanced Trader Programs. This test is on a trading platform, MT4 or MT5, that is connected to CFD markets. The trader is not investing their own money in trading the CFD markets. They do not open a CFD account. US citizens therefore can buy the opportunity to pass the trading tests and no SEC regulations are broken.
 
When traders pass the test they are given access to a Funded Trading Plus trading account that has CFD markets. The account is owned by FT+ and not the trader. The trader acts as a contractor for FT+ and is paid according to the profits made. The funded trader does not open or trade a CFD account that they own or have invested their own money in.
 
In both cases, the evaluation trader and the funded trader never have their own money invested in the CFD markets. These traders are not subject to regulation by the SEC.
 
The client-to-broker relationship on the funded trading accounts exists between FT+ and the broker. The regulation of the broker is important to us as it is our money invested in the broker trading accounts. The investor is holding company FTP London Ltd and the broker is EightCap. The relationship between FTP London Ltd and Eightcap is under Global regulation.

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.

Any trading that seeks to gain an unrealistic advantage or “edge” on a demo trading environment compared to a real trading enviroment.

Please see this post for further information: https://www.fundedtradingplus.com/demo-raiders/