Blue Guardian vs Funded Trading Plus

Blue Guardian vs Funded Trading Plus: A Prop Firm Comparison

When it comes to choosing a propriety trading firm, traders are often confronted with a plethora of options, each boasting unique features, benefits, and constraints. In this review, we will dissect the offerings of two notable prop firms: Blue Guardian and Funded Trading Plus, which have emerged as competitive players in the prop trading space.

Capital and Scaling Opportunities

Blue Guardian makes a striking impression with its standard account cap set at a generous $400,000, which can scale up to an even more impressive $2,000,000. This provides serious traders with not just ample capital to trade but also significant headroom for growth. Despite having a slightly lesser initial account cap, Funded Trading Plus matches the competition with its outstanding $2,500,000 fund offering across its four funding programs, catering effectively to traders aiming for high capital scaling opportunities.

Profit Share and Trustpilot Rating

Profitability is critical when it comes to collaboration with a prop firm. Blue Guardian's noteworthy 85% profit share is certainly appealing; however, its Trustpilot rating, while exceptional at 4.8 out of 5, falls just short of Funded Trading Plus's stellar 4.9 out of 5 rating. Additionally, Funded Trading Plus edges ahead with an even more attractive 90% profit split, ensuring that successful traders take home a larger slice of the pie.

Trading Leverage and Instruments

Leverage is a crucial facet for traders looking to maximize potential returns. Blue Guardian takes the lead in this category, providing leverage up to 1:100, outpacing Funded Trading Plus's more conservative offering of 1:30 leverage. Both firms, however, offer a comprehensive range of trading instruments, including forex, commodities, crypto, indices, and metals, ensuring traders have a diverse array of markets at their disposal.

Trading Flexibility and Support

The flexibility in trading positions is a significant advantage for both firms. Both Blue Guardian and Funded Trading Plus support overnight, weekend, and news trading, which allows traders to take advantage of a wide range of market conditions without stringent restrictions. When it comes to support, both seem to be on par, though Funded Trading Plus has a reputation for excellent customer service.

Trading Conditions and Restrictions

Navigating the rules and restrictions can make or break a trader's experience with a prop firm. Blue Guardian requires a mandatory 5 trading days for its Elite Guardian program, which could be a limitation for those who prefer a more flexible trading schedule. Funded Trading Plus imposes a trailing drawdown rule, which might be a deterrent for certain trading strategies, especially those that can experience significant equity swings.

Financial Considerations

Financial transactions are streamlined for both prop firms, with both accepting credit/debit cards and crypto for deposits. Withdrawal methods are slightly more varied with Blue Guardian offering Bank Wire Transfer in addition to Crypto and Deel, providing an extra layer of flexibility for fund access.

Account Offerings

Traders seeking to tailor their account sizes will find solace in Blue Guardian's range of account sizes from $10,000 to $200,000. This aspect of customization helps cater to different levels of trader experience and risk appetite. Account offerings at Funded Trading Plus are not specified but are denominated in USD, which suggests a level of uniformity and potentially less complexity in choosing an account size.

Company History and Establishment

The age of a firm can speak to its experience and market resilience. Blue Guardian has a lead here, being incorporated in June 2019, giving it a window of history and presumably experience over Funded Trading Plus, which entered the fray in November 2021. This could translate into a more tried-and-tested service offering and potentially more stability for traders under Blue Guardian's wing.

Critical Conclusion

Each prop firm possesses distinct advantages depending on the trader's priorities. Blue Guardian shines with higher leverage, the potential for large capital scaling, and a diverse array of withdrawal methods. On the other hand, Funded Trading Plus excels with a higher profit share, an outstanding Trustpilot rating, and the promise of immense capital availability without significant trading restrictions. Both firms, with their own set of rules and account features, cater to a range of trading styles and preferences, making the decision ultimately a personal one based on a trader's specific needs and strategies. The choice between Blue Guardian and Funded Trading Plus will hinge on individual trader priorities, such as the importance of leverage, account scaling, support services, and financial transaction flexibility.