This article provides a detailed comparison between Funded Trading Plus and The5ers, two reputable proprietary trading firms based in London, UK, focusing on their instant funding programs and overall offerings to forex traders globally.
Company Profiles
Funded Trading Plus and The5ers are both recognized for their trustworthiness and reliability in the proprietary trading industry. Funded Trading Plus, established in November 2021 by CEO Simon Massey, and The5ers, founded in April 2020 under the guidance of Gil Ben Hur, both have their headquarters in London, UK. While Funded Trading Plus offers up to $2,500,000 in maximum allocation capital, The5ers provides up to $4,000,000, indicating their commitment to supporting traders’ growth.
Funding Program Varieties
Both firms offer diverse funding programs. Funded Trading Plus includes a one-step evaluation, two two-step evaluations, and instant funding, whereas The5ers offers a two-step evaluation, a three-step evaluation, and instant funding, catering to a wide range of trader needs.
Instant Funding Program Comparison
- Profit Target: 5% for Funded Trading Plus and 10% for The5ers.
- Daily Drawdown: Not specified for Funded Trading Plus; The5ers implements a daily pause at 3%.
- Overall Drawdown: 5% (Trailing) for Funded Trading Plus and 6% for The5ers.
- Leverage: Up to 1:30 for both firms.
- Trading Period: No limit for both firms.
- Profit Split: 70% to 90% for Funded Trading Plus and 50% to 100% for The5ers.
Pricing for Account Sizes
Detailed pricing for various account sizes at both firms is as follows:
- $5,000: $225 with Funded Trading Plus; not available with The5ers.
- $10,000: $450 with Funded Trading Plus; $260 with The5ers.
- $20,000: Not available with Funded Trading Plus; $450 with The5ers.
- $25,000: $1,125 with Funded Trading Plus; not available with The5ers.
- $40,000: Not available with Funded Trading Plus; $850 with The5ers.
- $50,000: $2,250 with Funded Trading Plus; not available with The5ers.
- $100,000: $4,500 with Funded Trading Plus; not available with The5ers.
Brokers & Trading Platforms
Funded Trading Plus partners with Eightcap, while The5ers work with a liquidity provider offering direct market access. Both firms utilize MetaTrader platforms, with Funded Trading Plus offering both MetaTrader 4 and MetaTrader 5, and The5ers providing MetaTrader 5.
Trading Instruments
Both firms offer access to Forex pairs, commodities, and indices. However, Funded Trading Plus also offers opportunities in cryptocurrencies, providing a broader range of trading options.
Community Feedback
Community feedback is crucial in assessing a firm’s reputation. Trustpilot shows Funded Trading Plus with a higher rating of 4.9/5 from 1,788 reviews compared to The5ers’ 4.8/5 rating from 1,505 reviews, indicating a slight edge in popularity for Funded Trading Plus.
Conclusion
In conclusion, Funded Trading Plus and The5ers both offer excellent opportunities for proprietary traders, each with unique features in their instant funding programs, trading rules, pricing structures, and community feedback. Their diverse funding program options cater to a variety of trader preferences and strategies.