- Instant funding with a single-phase evaluation and 4.6/5 Trustpilot rating.
- Supportive team allowing weekend/overnight positions and news trading.
- Zero commission on various assets, no swap charges, and swift payouts.
- 80% profit share, 1:100 leverage, and manage up to 3x $5,760,000.
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 ❌
FTUK
- Starting leverage of 1:10
- 2% Max stop loss risk limit
- Lot size consistency rule
Funded Trading Plus
- Leverage up to 1:30
- High commission costs on forex pairs
- Trailing Drawdown
Rules 📋
FTUK
Lot Size Consistency, Maximum Loss, No Martingale Allowed, Profit Target, Stop Loss Required, Stop Loss Risk Per Position, Third Party Copy Trading Risk
Funded Trading Plus
Maximum Daily Loss, Maximum Trailing Drawdown, No Weekend Holding, Profit Target, Third Party Copy Trading Risk, Third Party EA Risk
When retail traders seek opportunities at proprietary trading firms, it's critical to weigh the benefits and constraints of each firm. FTUK and Funded Trading Plus are two prop firms that offer distinct advantages and policy structures, which cater to varied trader needs and preferences.
FTUK At a Glance
FTUK stands out with its instant funding scheme, enabling traders to bypass lengthy multi-phase evaluations and step directly into trading with substantial capital. The firm's Trustpilot rating of 4.6/5 signifies high customer satisfaction. They adopt a trader-friendly stance by allowing overnight and weekend trades, including during significant news releases. The absence of commission and swap fees, augmented by rapid payout processes, enhances the overall attractiveness for traders. Additionally, FTUK's profit share is set at a commendable 80%, coupled with a leverage of 1:100, and the possibility to manage funds up to nearly 18 million USD.
Funded Trading Plus Pros
Funded Trading Plus excels with its flexible funding programs and a stellar Trustpilot rating of 4.9/5, indicating exceptional trader support and satisfaction. Their competitive edge is amplified by offering traders a hefty 90% profit share and an array of trading tools across multiple assets, including cryptocurrencies. They place no restrictions on trading days, thus accommodating news and overnight positions.
FTUK's Limitations
FTUK's cons, however, include an entry-level leverage of only 1:10, which might deter traders seeking more aggressive strategies. The firm enforces a 2% max stop loss limit and requires consistency in lot sizing, adding complexity for traders with variable trading methods.
Funded Trading Plus Challenges
Contrarily, Funded Trading Plus presents issues such as high commission costs on forex trading and a trailing drawdown rule which may discourage traders who prefer a simple profit and loss structure.
Comparative Trading Rules
Both firms have distinct operational rules: FTUK forbids practices like the Martingale strategy and mandates stop loss on all positions, while Funded Trading Plus restricts weekend holding and stipulates max daily loss limits. These rules underline their risk management philosophies and cater to different trading styles.
Funding and Withdrawal Options
Regarding transactional ease, both platforms allow the use of cryptocurrency which is a nod to modern payment preferences. However, FTUK provides Bank Wire Transfer for withdrawals, which might be considered a more traditional and preferred method for some traders.
Diversity in Trading Accounts and Instruments
FTUK offers a range of account sizes from $14,000 to $90,000, facilitating both novice and experienced traders with varied financial capabilities. On the contrary, Funded Trading Plus provides accounts denominated solely in USD without specifying the sizes. FTUK supports trading in a diverse portfolio, excluding cryptocurrencies, while Funded Trading Plus ensures inclusivity of crypto trading, which could be pivotal for crypto-focused traders.
Account Currencies and Firm Background
With the availability of multiple account currencies, EUR, GBP, and USD, FTUK caters to a broader international market, while Funded Trading Plus operates with accounts solely in USD, which may limit its appeal. Despite their recent incorporations in late 2021, both firms have quickly positioned themselves as significant players in the prop trading sphere.
Concluding Perspectives for Traders
Considering the information provided, traders need to align their trading styles, risk appetite, and preference for asset classes with the firm that best complements their strategies. While FTUK provides a supportive environment with considerable leverage for seasoned traders, Funded Trading Plus offers vast capital and higher profit shares with an extensive asset selection, including crypto trading. In conclusion, both FTUK and Funded Trading Plus serve the trading community with unique offerings, and the choice ultimately depends on the individual trader's goals and preferences.
