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This is how you choose your next funded trading firm!

This is how to choose your Next Prop Firm!

Reading Time: 3 minutes

Welcome back to the “We Are Funded Trading Plus” podcast blog! In this episode, we had an insightful conversation with Simon, the CEO of Funded Trading Plus. We delve into the company’s long-term goals, its foundation principles, and how it aims to stay a reliable and transparent prop firm. Here’s a comprehensive summary of the key points discussed:

Introduction

The episode kicks off with a warm welcome to Traders, featuring Simon, the CEO of Funded Trading Plus. The focus of the discussion is on long-term goals and sustainability.

Founding Principles

Simon emphasizes the core principles that guided the founding of Funded Trading Plus:

  • Accessibility

  • Transparency

  • Trustworthiness

  • Clear and simple programs

These principles are designed to ensure that Traders can rely on the company for fast payouts and realistic, sustainable trading models.

Long-Term Goals

Simon responds to Muhammad from Pakistan, discussing the overarching long-term goals:

  • Maintaining accessibility and transparency

  • Ensuring fast and reliable payouts

  • Avoiding industry chaos and stress

  • Continuously improving the service to create successful Traders

Launch and Initial Goals

Reflecting on the launch in 2021, Simon talks about the main goals:

  • Approaching the funded trading space from a Trader’s perspective

  • Setting standards like no time limits and instant payouts

  • Providing flexibility to Traders

Industry Standards and Evolution

Simon discusses the evolution of industry standards:

  • Moving from 28-day to instant payouts

  • Eliminating unnecessary restrictions for Traders

  • Ensuring a realistic and balanced parameter for trading

Due Diligence for Traders

Simon offers valuable advice on conducting due diligence:

  • Check if the firm is registered and the ownership is transparent

  • Use social media, Trustpilot, and forums to research the firm

  • Engage with the firm’s community on Discord for firsthand information

Red Flags in the Industry

Simon highlights key red flags:

  • Unrealistic discounts and offers

  • Lack of transparency and communication

  • Firms not having accessible and responsive support

Transparency and Trust

Simon reiterates the importance of transparency and trust:

  • Providing accessible and responsive support

  • Ensuring clear communication with Traders

  • Fostering a trustworthy community on platforms like Discord

Vision for the Future

Simon shares his vision for the future:

  • Maintaining realistic and sustainable payout models

  • Adapting to industry changes and regulatory requirements

  • Focusing on long-term stability and success for Traders

Final Thoughts

Simon concludes with reassurance for Traders:

  • Engage with the community on Discord

  • Check Trustpilot reviews and payout evidence

  • Trust in the company’s commitment to transparency and reliability

Conclusion

In this episode, Simon’s insights provide a clear picture of Funded Trading Plus’s commitment to long-term success and Trader satisfaction. The company remains dedicated to maintaining its founding principles while adapting to industry changes to ensure sustainable growth and reliable service for its Traders.

FAQs

1. What are the core principles of Funded Trading Plus?

  • Accessibility, transparency, trustworthiness, and clear programs.

2. How does Funded Trading Plus ensure fast payouts?

  • By eliminating unnecessary restrictions and providing a realistic trading model.

3. What should Traders look for when conducting due diligence on trading firms?

  • Registration, transparent ownership, social media feedback, Trustpilot reviews, and community engagement.

4. What are some red flags to watch out for in the trading industry?

  • Unrealistic discounts, lack of transparency, and poor communication.

5. How can Traders engage with Funded Trading Plus?

  • By joining the Discord community, checking Trustpilot reviews, and reaching out to support for any queries.

Stay tuned for more insightful episodes and blog summaries from “We Are Funded Trading Plus.” Happy Trading!

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