This article presents a detailed comparison between two notable proprietary trading firms, Funded Trading Plus and FTMO. We’ll explore what they offer to forex traders globally, focusing on their company details, funding program options, and two-step evaluations.
Company Overview
Both Funded Trading Plus and FTMO are recognized as reliable and trustworthy in the proprietary trading industry. Here are some key aspects of each firm:
- Incorporation Date: Funded Trading Plus was incorporated in November 2021, while FTMO has been operational since September 2015.
- CEO: Simon Massey leads Funded Trading Plus, and Otakar Suffner is the CEO of FTMO.
- Office Locations: Funded Trading Plus is located in London, UK, and FTMO is headquartered in Prague, Czech Republic.
- Maximum Allocation Capital: Funded Trading Plus offers up to 2x $200,000, while FTMO provides funding up to $400,000.
Both firms also offer scaling plans, demonstrating their commitment to trader growth.
Funding Program Options Comparison
Both firms provide multiple funding programs for forex traders. Here’s a quick comparison:
- Funded Trading Plus: Offers a one-step evaluation, two two-step evaluations, and instant funding.
- FTMO: Provides a two-step evaluation program.
Two-step Evaluation Comparison
Now, let’s dive into the specifics of the two-step evaluation programs offered by both firms:
Trading Rules/Objectives
| Funded Trading Plus (Advanced) | Funded Trading Plus (Premium) | FTMO | |
|---|---|---|---|
| Phase 1 Profit Target | 10% | 8% | 10% |
| Phase 2 Profit Target | 5% | 5% | 5% |
| Daily Drawdown | 5% | 4% | 5% |
| Overall Drawdown | 10% (Trailing) | 8% (Trailing) | 10% |
| Leverage | 1:30 | 1:30 | 1:30 up to 1:100 |
| Minimum Trading Days | No minimum trading days | No minimum trading days | 4 calendar days |
| Trading Period | Unlimited for both steps | Unlimited for both steps | Unlimited for both steps |
| Profit Split | 80% up to 90% | 80% up to 90% | 80% up to 90% |
Price Comparison for Different Account Sizes
Lastly, let’s compare the prices for different account sizes offered by Funded Trading Plus and FTMO:
- $10,000 Account: Not offered by Funded Trading Plus; €155 for FTMO.
- $25,000 Account: $199 (Advanced), $247 (Premium) for Funded Trading Plus; €250 for FTMO.
- $50,000 Account: $349 (Advanced), $397 (Premium) for Funded Trading Plus; €345 for FTMO.
- $100,000 Account: $499 (Advanced), $547 (Premium) for Funded Trading Plus; €540 for FTMO.
- $200,000 Account: $999 (Advanced), $1,097 (Premium) for Funded Trading Plus; €1,080 for FTMO.
This comprehensive comparison offers a clear overview of what Funded Trading Plus and FTMO offer to forex traders, aiding in an informed decision-making process.
Brokers and Trading Platforms: Funded Trading Plus vs. FTMO
After exploring trading objectives, rules, and pricing, it’s essential to examine the brokers and trading platforms each proprietary trading firm partners with.
Broker and Trading Platform Details
- Funded Trading Plus: Uses Eightcap as their broker and offers MetaTrader 4 and MetaTrader 5 as trading platforms.
- FTMO: Collaborates with a Tier-1 Liquidity Provider, ensuring the best simulated real market trading conditions. They offer MetaTrader 4, MetaTrader 5, cTrader, and DXtrade as trading platforms.
Trading Instruments Comparison
Another critical factor in comparing proprietary trading firms is the range of trading instruments they offer. Let’s see what Funded Trading Plus and FTMO provide:
- Forex Pairs: Both firms offer trading in Forex pairs.
- Commodities: Available with both Funded Trading Plus and FTMO.
- Indices: Offered by both firms.
- Stocks: Available with FTMO, but not with Funded Trading Plus.
- Bonds: Offered by FTMO, but not by Funded Trading Plus.
- Crypto: Both firms allow trading in cryptocurrencies.
Community Feedback Analysis
Lastly, let’s consider the community feedback for both Funded Trading Plus and FTMO, as reflected in their Trustpilot reviews:
- Funded Trading Plus: Boasts a Trustpilot rating of 4.9/5 from 1,788 reviews.
- FTMO: Holds a Trustpilot rating of 4.8/5 from 5,999 reviews.
These ratings indicate that while FTMO is more popular based on the number of reviews, Funded Trading Plus also maintains a strong reputation in the proprietary trading community. Both firms are well-received and respected, as evidenced by their Trustpilot ratings.
Conclusion: Funded Trading Plus vs. FTMO Comparative Analysis
In summarizing our comprehensive comparison between Funded Trading Plus and FTMO, it’s evident that both offer excellent opportunities for traders seeking to join proprietary trading firms. Each firm presents its unique strengths and features, catering to different trader needs and preferences.
Key differences were observed in their trading rules and objectives, pricing structures, and community feedback. Additionally, a notable distinction lies in the range of funding program options. Funded Trading Plus provides a more diverse selection with a one-step evaluation, two two-step evaluations, and instant funding. In contrast, FTMO focuses on a two-step evaluation approach.
As we conclude this comparison, we are delighted to offer exclusive discount codes for both Funded Trading Plus and FTMO. These codes can provide valuable benefits and savings for traders opting to engage with either of these reputable firms. You can find the discount codes below:
Whether you choose Funded Trading Plus for its variety of funding options or FTMO for its established two-step evaluation process, both firms stand as solid choices for advancing your trading career.
