FundedFirm vs Funded Trading Plus: Which Prop Firm Fits Your Trading Style?
Introduction
Starting a trading career without sufficient capital is challenging, but proprietary trading firms make it possible to trade with firm capital while minimizing personal risk. Two options that often attract traders are FundedFirm and Funded Trading Plus (FTP). This article will provide a detailed comparison to help you choose the firm that aligns best with your trading goals.
What Are Proprietary Trading Firms?
Understanding Prop Trading
Prop trading involves trading financial instruments using a firm’s capital instead of your own. Traders share in the profits while the firm takes on most of the financial risk. Think of it as driving a high-performance car you don’t own: handle it well, and everyone benefits.
Benefits of Trading with Firm Capital
- Access to larger accounts
- Reduced personal financial risk
- Professional trading tools and platforms
- Mentorship and community support
- Opportunities for account scaling
Overview of FundedFirm
Company Background
FundedFirm is known for its accessibility and flexibility. It caters to both new and experienced traders, providing fast funding options and a supportive community environment.
Funding Options
FundedFirm offers instant funding accounts and challenge-based programs. Traders can start with small deposits and scale their accounts as they demonstrate consistent performance.
Evaluation Process
The evaluation at FundedFirm requires traders to hit profit targets while adhering to risk limits. The process is designed to identify disciplined and skilled traders suitable for larger funding.
Overview of Funded Trading Plus
Company Background
Funded Trading Plus (FTP) focuses on structured growth, strict risk management, and long-term consistency. FTP is popular among traders seeking professional guidance and a clear roadmap for scaling their accounts.
Funding Options
FTP offers evaluation-based accounts with tiered funding options. Traders can choose programs based on account size and risk appetite, gradually unlocking higher capital as they demonstrate proficiency.
Evaluation Process
The evaluation involves meeting profit targets under strict risk guidelines. FTP emphasizes consistent performance and disciplined trading as prerequisites for scaling funded accounts.
Initial Capital Requirements
FundedFirm is beginner-friendly, allowing traders to start with smaller deposits. FTP requires slightly higher initial investments but offers structured growth for long-term traders.
Profit Split Comparison
FundedFirm provides flexible profit splits, sometimes up to 80% for the trader. FTP typically starts around 70% but increases with account scaling and consistent profitability.
Scaling Opportunities
Both firms allow account scaling. FundedFirm rewards consistent traders with faster account growth. FTP uses milestone-based scaling, promoting disciplined trading and long-term growth.
Risk Management Policies
FundedFirm Approach
Moderate risk rules allow traders some flexibility while protecting capital through daily and overall loss limits.
Funded Trading Plus Approach
FTP enforces stricter rules, including maximum drawdowns, position sizing limits, and daily loss caps, ensuring disciplined and consistent trading performance.
Trader Support and Resources
Mentorship and Coaching
FundedFirm emphasizes community-driven mentorship with group chats, webinars, and live coaching. FTP provides structured mentorship programs pairing traders with experienced mentors for personalized guidance.
Trading Tools and Platforms
FundedFirm offers user-friendly trading platforms for beginners and intermediates. FTP integrates advanced analytics and proprietary tools for experienced traders seeking a professional edge.
Fees and Hidden Costs
Evaluation Fees
FundedFirm evaluation fees are generally modest. FTP may require higher upfront fees depending on the program chosen.
Subscription Fees
FundedFirm allows flexible monthly subscriptions. FTP may have recurring fees tied to evaluation programs or premium features.
Additional Charges
Check for withdrawal fees, platform fees, or scaling costs. FundedFirm is typically more transparent, while FTP has a few structured rules to account for costs.
Community and Networking Opportunities
Online Community
FundedFirm hosts active forums for strategy sharing and collaboration. FTP focuses on professional networking and mentorship programs.
Networking Events
FTP occasionally hosts virtual meetups and webinars with experienced traders, while FundedFirm emphasizes community-driven online events.
Trading Flexibility
Supported Trading Styles
FundedFirm supports swing trading, day trading, and scalping. FTP emphasizes disciplined, rule-based trading but allows flexibility depending on the chosen program.
Trading Hours & Market Access
Both firms provide access to Forex, indices, commodities, and crypto. FundedFirm allows broader trading hours, while FTP may restrict certain times to maintain risk management compliance.
Reputation and Reviews
Online Reputation
FundedFirm is praised for accessibility, community support, and generous profit splits. FTP is respected for professionalism, strict discipline, and structured growth pathways.
Trader Testimonials
FundedFirm traders highlight fast funding and flexible trading conditions. FTP traders emphasize mentorship, discipline, and long-term account growth.
Pros and Cons
FundedFirm Pros and Cons
Pros: Beginner-friendly, flexible, high profit splits, strong community support
Cons: Less structured, moderate risk rules
Funded Trading Plus Pros and Cons
Pros: Structured, professional, strict risk management, scalable accounts
Cons: Higher fees, stricter evaluation, less trading flexibility
Choosing the Right Prop Firm
Key Factors to Consider
- Trading experience and skill level
- Risk tolerance and trading style
- Budget for evaluations and subscriptions
- Desire for mentorship
- Long-term trading goals
Self-Assessment Checklist
- Do I prefer flexibility or a structured trading environment?
- Can I meet strict evaluation and risk requirements?
- Am I willing to invest upfront for professional mentorship?
- Do I prioritize fast funding or gradual scaling?
Conclusion
Comparing FundedFirm vs Funded Trading Plus, your choice depends on your trading style, risk tolerance, and long-term goals. FundedFirm is ideal for beginners seeking flexibility and community support. Funded Trading Plus suits disciplined traders aiming for structured growth, mentorship, and long-term scalability. Both provide opportunities to trade with firm capital and grow professionally.
FAQs
- Can I join both FundedFirm and FTP?
Yes, traders sometimes start with FundedFirm and later transition to FTP for structured growth. - Which firm is better for beginners?
FundedFirm is more beginner-friendly due to lower entry costs and flexible evaluation. - How long does the evaluation take?
Evaluation can take a few days to several weeks, depending on the chosen program. - Are there hidden fees?
Check for evaluation fees, subscriptions, withdrawals, and scaling costs. FundedFirm is generally more transparent. - Which firm offers higher profit splits?
FundedFirm often provides higher initial profit splits, while FTP offers increasing splits through milestone-based scaling.
