In this article, we provide a detailed comparison between two reputable proprietary trading firms, Funded Trading Plus and The Funded Trader. Our focus is to compare these firms in terms of their general attributes and offerings within their one-step evaluation programs, catering to forex traders worldwide.
Company Details
A snapshot of each firm:
- Foundation: Funded Trading Plus was established in November 2021, and The Funded Trader in May 2021.
- Leadership: Simon Massey heads Funded Trading Plus, while Angelo Ciaramello leads The Funded Trader.
- Location: Funded Trading Plus is based in London, UK, and The Funded Trader in Liberty Hill, Texas.
- Maximum Allocation: Funded Trading Plus offers up to $2,500,000, and The Funded Trader up to $1,500,000 in capital allocation.
Both firms are known for their reliability and trust within the proprietary trading industry.
Funding Program Options
Comparing the available funding programs:
- Funded Trading Plus provides a one-step evaluation, two two-step evaluations, and instant funding.
- The Funded Trader offers a one-step evaluation and three two-step evaluations.
One-Step Evaluation Comparison
Examining the one-step evaluation programs:
- Key aspects like profit targets, drawdown limits, leverage, minimum trading days, and profit splits are compared.
Pricing for Different Account Sizes
Reviewing the pricing structure for various account sizes:
- Account sizes range from $5,000 to $200,000, with specific pricing for each category.
Brokers and Trading Platforms
An overview of the brokers and platforms affiliated with each firm:
- Both firms collaborate with Eightcap and offer MetaTrader 4 and MetaTrader 5 platforms.
- The Funded Trader also partners with Purple Trading Seychelles and Think Markets.
Trading Instruments
Comparing the trading instruments offered by each firm:
- Both firms allow trading in Forex pairs, Commodities, Indices, and Cryptocurrencies.
Community Feedback
Exploring feedback from the trading community based on Trustpilot reviews:
- Funded Trading Plus: Holds a 4.9/5 rating from 1,788 reviews.
- The Funded Trader: Rated 4.5/5 based on 13,361 reviews, indicating wider user engagement.
Conclusion
In conclusion, both Funded Trading Plus and The Funded Trader present excellent opportunities for traders, each with their unique advantages in terms of trading rules, objectives, pricing, and community feedback. Notably, Funded Trading Plus offers the added benefit of instant funding, whereas The Funded Trader provides a more extensive range of evaluation programs.
For further insights and comparisons of forex prop firms, visit All Prop Trading Firms or explore our specific list of proprietary trading firms with one-step evaluations.