- Over 4k Trustpilot reviews at 4.9/5 with exceptional 24/7 customer support.
- Trading Psychologist available, scaling plan, and CEO's public visibility.
- Free trial, infinite evaluation retries, and bi-weekly payments at 80%-90% profit.
- Flexible trading: no cap on duration, minimum 4 days, 1:100 leverage, and diverse tools.
Funded Trading Plus
- Four funding programs with up to $2,500,000 capital
- Stellar 4.9/5 Trustpilot; 90% profit splits
- Excellent support; scaling option available
- Comprehensive trading tools: forex, commodities, indices, and cryptocurrencies
- No trading day restrictions; overnight and news trading allowed.
Cons ❌
FTMO
- Educational videos suit beginners more
- Maximum of 2 accounts at $200,000 each
Funded Trading Plus
- Leverage up to 1:30
- High commission costs on forex pairs
- Trailing Drawdown
Rules 📋
FTMO
Maximum Daily Loss, Maximum Loss, Minimum Trading Days, No News Trading, Profit Target, Third Party Copy Trading Risk, Third Party EA Risk
Funded Trading Plus
Maximum Daily Loss, Maximum Trailing Drawdown, No Weekend Holding, Profit Target, Third Party Copy Trading Risk, Third Party EA Risk
Comparative Overview of FTMO and Funded Trading Plus
Proprietary trading firms (prop firms) like FTMO and Funded Trading Plus offer traders an opportunity to trade with significant capital, often beyond what they could personally afford. This comparative review will provide an in-depth analysis of both FTMO and Funded Trading Plus, guiding retail traders and potential users in their decision-making process.
FTMO at a Glance
FTMO has undoubtedly positioned itself as a robust player in the prop trading space since its inception in September 2015. This firm wins over users with its outstanding 24/7 customer support and the availability of a Trading Psychologist—a unique feature aimed at improving traders' mental approach to the markets. With the capability of offering account sizes up to $200,000 for individual accounts and an impressive scaling plan, FTMO appeals to serious traders focused on growth. Furthermore, traders appreciate the ability to restart evaluations indefinitely, providing a safety net for those who may struggle on their first attempt.
FTMO also provides additional support through educational videos, though they may be more beneficial for those new to trading. The firm's trading conditions are flexible, with a leverage of up to 1:100 and no strict trading duration caps, save for the requirement of a minimum of four trading days. Their impressive review scores on Trustpilot signal a high level of user satisfaction and trust.
Funded Trading Plus' Unique Offering
Relatively newer to the scene, established in November 2021, Funded Trading Plus boasts up to $2,500,000 in capital for traders, surpassing FTMO's offering. With a superb Trustpilot rating and a generous 90% profit split, this firm has rapidly gained attention. Traders are supported by an array of comprehensive trading tools and the freedom to trade across multiple asset classes without restrictive trading day requirements.
Funded Trading Plus also allows for overnight and news trading—policies that promote trading style flexibility. One potential downside is the relatively lower leverage of up to 1:30, and the company's trailing drawdown rule, which can be a deal-breaker for aggressive trading strategies.
Trading Rules and Restrictions
Both firms implement risk management protocols, including maximum daily loss and drawdown limits, with FTMO also including a prohibition on news trading. These rules could impact traders who thrive on market volatility during news releases. It is essential for potential traders to consider how these limitations align with their trading strategies.
Account Management and Support
FTMO enables payments through various methods, from traditional bank wire and credit cards to crypto transactions, adding a level of convenience for international users. In contrast, Funded Trading Plus is somewhat more restrictive with primarily crypto and Deel withdrawals.
Range of Trading Instruments and Account Currencies
FTMO offers an extensive variety of tradable instruments, from bonds to stocks, and supports multiple account currencies, catering to a global audience. In comparison, Funded Trading Plus has a narrower focus with commodities, crypto, forex, indices, and metals, and accounts are denominated only in USD. This could influence traders depending on their preferred market and currency exposure.
Final Thoughts
Both FTMO and Funded Trading Plus present compelling options for traders seeking capital funding to leverage their strategies. FTMO's overall flexibility, educational support, and established reputation, combined with their diverse range of tradable instruments, make them a top contender for many traders. Conversely, Funded Trading Plus offers a higher funded account ceiling and a more straightforward profit split, which can be attractive to those aiming for significant capital allocation and earnings.
Retail traders must weigh the pros and cons based on their trading style, risk tolerance, and personal preferences to determine which prop firm aligns best with their objectives. Regardless, both FTMO and Funded Trading Plus represent progressive choices in a competitive industry, setting the stage for traders to potentially scale to new heights.
