Funded Trading Plus offers unique trading programs, emphasizing achievable scaling, simple rules, and no monthly fees.
Their programs are designed based on trader feedback to minimize rule breaches and ensure long-term success.
They allow for profit withdrawals from day one of the FT+ Trader phase and provide world-class 24/7 support.
Legal Company name
FTP London Ltd
Company address
7 Bell Yard, London, WC2A 2JR, United Kingdom
Year of establishment
November 2021
Place of company registration
England, United Kingdom
Executive team
Simon M, Chief Executive Officer (CEO) James F, Chief Operating Officer (COO) Michael C, Chief Marketing Officer (CMO)
Trading platforms offered:
- DXTrade
- Match-Trader
- cTrader
- World leading trading platforms (specific platforms not mentioned, contact support for details)
Trading instruments available:
- Forex
- Indices
- Commodities
- Cryptocurrencies
Payment methods available:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
- USD Coin (USDC)
- Binance Pay
Range of account sizes offered:
Funding ranges from $5,000 to $200,000
Profit split structure:
- Initial profit split: 80/20
- Upgrade to 90/10 at 20% profit
- Upgrade to 100/0 at 30% profit
Profit targets for each challenge phase:
Profit targets between 5% and 10% depending on the step-challenge.
Maximum daily and total loss limits:
- Daily Simulated Loss: 4%
- Maximum Simulated Loss: 6%
Minimum and maximum trading day requirements:
- No minimum trading days
- Maximum Simulated Trading Days: Unlimited
Overview of challenges and general rules:
- 1-step, 2-step, and Instant (no evaluation) challenges
- Simulated-leverage up to 30:1
- Scale at every 10% of simulated profit
Challenge steps:
- Evaluation (if applicable)
- FT+ Trader phase
Pricing/costs to start challenges:
- $225 for 5k one-phase challenge
- $4500 for instant no evaluation 100k challenge
Fees & commissions:
- Commission per lot: $7 on all FX pairs, Gold, Silver & Gold/EURO
Refundable fees details:
- 100% refund for most challenges
- Refund at 10% simulated profit for FT+ Trader stage
Free trial availability and details:
No free trial available.
Payout frequency:
- Withdraw from FT+ Trader phase on the same day
- Subsequent withdrawals every 7 days
- Minimum withdrawal: $50
Leverage:
Simulated-leverage up to 30:1
Consistency rule:
Not mentioned
Commission per lot:
$7 per lot on all FX pairs, Gold, Silver & Gold/EURO
Customer support options and details:
24/7 support available
Trustpilot Reviews:
Positive
- Prompt Customer Support: Exceptional customer support with quick responses and efficient issue resolution.
- Fast Payouts: Rapid payout process, often completed within hours, providing reliability and trust.
- Maximum Trading Freedom: Allows traders significant freedom in trading, aiding in skill development and risk management.
- Responsive Management: Involvement of the CEO in customer issues, reflecting a caring and value-driven approach.
- Positive Experience for New Users: Easy-to-learn platform and supportive environment for traders new to prop firms.
Negative
- Technical Issues: Occasional problems with withdrawal buttons and trade execution, though support helps resolve these issues.
- Platform Transition: Recent migration to a new broker and platform, which may cause temporary disruptions and adjustment periods.
- High Commissions: 8cap broker charges high commissions, affecting profitability, particularly for day trading cryptocurrencies.
- Limited MT4/MT5 Support: Lack of support for popular trading platforms MT4 and MT5, which some users may prefer.
- Simulated Accounts: Operates on simulated accounts, which might not suit all traders looking for real account experiences.
Frequently asked questions:
Am I liable for losses as an 'FT+ Trader' on my simulated-live account? No, as you are participating in simulated-live conditions, your capital is not at risk.
Do we accept payment in Crypto? Yes, Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), and Binance Pay are accepted.
If I pass an evaluation, will you refund my fee? Fees are refundable on certain programs after reaching 10% simulated profit in the FT+ Trader phase. Not refundable for The Master Trader Program.
Are there any monthly fees? No, the program fee is a one-time charge.
Is there a time limit for passing the evaluation? No, but at least one simulated trade must be placed every 30 days to keep the account active.
Does my evaluation account expire? Yes, if no simulated trading activity occurs within a 30-day period.
I no longer want my account, do you offer refunds? Refunds are available if no simulated trades are placed within the first 14 days.
Which Platforms do you offer?
- DXTrade
- Match-Trader
- cTrader
- World leading trading platforms, contact support for more details.
Can I withdraw simulated profit from an Evaluation account? No, withdrawals can only be made from the FT+ Trader phase.
Trading spreads, commissions and fees: Trading costs are minimal and competitive.
What is an "FT+ Trader Account"? A simulated live account where real funds can be withdrawn from day one.