When we assess Funded Trading Plus alongside FundedNext (Stellar), we uncover notable distinctions and commonalities in their trading objectives and guidelines. This detailed comparison sheds light on their respective approaches.
Phase 1 Profit Target
Both Funded Trading Plus and FundedNext aim for an 8% profit in Phase 1.
Phase 2 Profit Objective
For Phase 2, each firm sets a required profit target of 5%.
Maximum Daily Loss
Funded Trading Plus implements a 4% maximum daily loss, marginally less than FundedNext’s 5% threshold.
Total Loss Cap
An 8% maximum trailing loss is in place at Funded Trading Plus, while FundedNext has a 10% maximum loss.
Minimum Trading Days
While Funded Trading Plus does not enforce a minimum number of trading days, FundedNext requires at least 5 calendar days.
Trading Duration
Both firms offer an unlimited trading period for Phase 1 and Phase 2, granting traders ample time to meet their objectives.
Profit Sharing Scheme
The London-based company, Funded Trading Plus, provides a more favorable profit split of 80% to 100%, in contrast to FundedNext’s range of 80% to 90%.
Master Trader Programs: Funded Trading Plus
Funded Trading Plus distinguishes itself with its Master Trader Programs, direct funding initiatives with a unique rule set. These include a 6% maximum daily loss and a 6% maximum trailing drawdown, with no specified minimum or maximum trading days. There are no profit targets for weekly payouts, offering profit splits from 80% to 100%, the only requirement being a minimum profit of $50.
In summary, Funded Trading Plus stands out among leading prop firms with its diverse funding programs and clear-cut trading rules. The firm is especially appealing for traders who prefer trading during news events, holding positions overnight, and over weekends, with certain program exceptions, making it a versatile choice for a broad range of trading styles.
