MyFxBots In-Depth Review of Funded Trading Plus

Funded Trading Plus applies structured, transparent evaluation rules across its Prop Firm programs to ensure simulated results reflect disciplined risk management and realistic trading behaviour.

Profit targets and time limits

• Program-specific targets: Experienced 10% (one phase); Advanced 10% → 5% (two phases); Premium 8% → 5%; Prestige 10% → 5%; Prestige Lite 6% → 6%; Master (instant) skips the challenge.
• Minimum profitable days: Prestige and Prestige Lite require 3 separate profitable days with at least 0.5% each.
• Time limits: No hard expiry for evaluations or funded accounts; 30 consecutive days of inactivity triggers account closure.

Drawdown rules (daily / overall)

• Maximum simulated loss: Program-dependent, static or trailing, typically 6%–10% of starting capital.
• Daily simulated loss: Calculated from balance at 16:59 EST (or EDT), commonly 3%–6% depending on program.
• Symbol loss limit: Prestige Lite enforces a 2% per-symbol max loss; splitting positions on the same instrument counts as one exposure.

Allowed and disallowed strategies

• Allowed: scalping, news trading, Expert Advisors and automated strategies when they do not exploit demo-specific conditions, short-term and swing trading if risk-managed.
• Restricted/Disallowed: any form of arbitrage, tick-scalping or tick-exploit methods, grid systems that rely on simulation quirks, copy-trading across accounts, hedging across multiple accounts, and third-party “pass” services.
• EA governance: EAs are permitted but may be subject to submission and review; traders must be prepared to provide logs or source access on request.

Position-sizing and risk constraints

• Position sizing: rules emphasise single-trade risk limits and cumulative exposure caps; trading multiple simultaneous positions on the same instrument is treated as aggregated exposure.
• Margin and leverage: prudent margin usage is required; unusually high margin or concentrated exposure triggers automated alerts and manual review.
• Risk review triggers: evaluation pass, withdrawal request, scaling request, or suspicious activity; risk reviews combine automated detection and human investigation.

Red flags and enforcement signals

• Single “boom-or-bust” strategies that rely on extreme leverage or one timed news event.
• Rapid series of highly correlated, over-leveraged trades or repeated high-margin blows.
• Patterns consistent with exploiting simulated conditions (arbitrage, tick-scalping, cross-account hedging).
• Failure to cooperate with EA/source requests or KYC steps will be treated as non-compliance.

Funded Trading Plus publishes a tiered profit-share model, scheduled payout windows, and clear rules for minimum withdrawals, KYC checks, and fee reimbursements.

• Profit split and payout cadence

  • Baseline profit split: 80/20 (trader/firm) with milestone upgrades available to 90/10 and occasional lifetime 100% options.
  • Payout cadence: regular monthly payouts by default; on-request payouts subject to verification and risk review.
  • Payout processing: typically processed within business days once KYC and risk checks complete.

• Minimum payout, payment methods, and taxes

  • Minimum payout: program-dependent; some plans list low-percentage minimums (e.g., 1% for Master tiers).
  • Payment methods: bank transfer and selected cryptocurrency options; fees or exchange costs may apply.
  • Tax responsibility: traders remain responsible for declaring income and paying local taxes.

• Fee refunds, reimbursements, and guarantees

  • Refund window: full refund of program fee if no trades placed within 14 days; refund policy applies to educational packages with stricter rules.
  • Reimbursements: partial or conditional fee reimbursements may be offered in accordance with published refund rules.
  • No guaranteed payouts: simulated profits are converted and paid subject to compliance, KYC, and risk review.

• Scaling and growth plans

  • Scaling: milestone-based account scaling with automatic or manual review; rules require compliance with drawdown and min-profit-day rules.
  • Auto-scaling criteria: consistent performance across multiple days and adherence to risk limits triggers scaling eligibility.
  • Limits: maximum combined AUM caps and single-account restrictions apply across program tiers.

Funded Trading Plus offers market-like execution across multiple third‑party platforms and publishes typical spread and commission frameworks, while emphasising research-grade simulated liquidity and execution transparency.

• Spreads, commissions, and swap rates

  • Spreads: competitive, variable spreads aligned with live market benchmarks; typical FX majors offered with low-to-mid spreads depending on market conditions.
  • Commissions: charged on some account types or larger account sizes; commission schedules are published per program tier.
  • Swap/overnight rates: applied according to instrument specifications and the underlying liquidity provider; swaps follow industry conventions and are viewable on platform symbol specs.

• Execution model, slippage, and re-quotes

  • Execution model: market execution via regulated liquidity providers; simulated-live environment mirrors real routing and fills.
  • Slippage: occasional slippage possible during volatile events; platform notes that simulated conditions reflect realistic slippage rather than idealised fills.
  • Re-quotes: rare under normal conditions; material platform outages or severe market disruption may lead to manual adjustments or snapshotting as per business disruption policy.

• Available platforms

  • MT5, cTrader, DXtrade, Match Trader; traders can choose platform per program and verify execution through demo accounts.
  • No proprietary retail trading GUI is required; third‑party terminals deliver order entry, charting and automated strategy support.

• Liquidity, routing, and typical latency

  • Liquidity: delivered by multiple institutional providers to replicate market depth; simulated fills aim to reflect realistic available liquidity.
  • Routing: standard industry routing to liquidity venues; internal research focuses on studying routing impacts on strategy performance.
  • Latency: generally low for retail standards but variable by platform and region; traders are advised to test execution via demo instances before committing.

Funded Trading Plus enforces rules through automated detection systems and manual risk reviews, combining telemetry, trade-logging, and account forensics to detect abuse and protect the simulated funding pool.

• Monitoring tools and account dashboards

  • Real-time telemetry captures P&L, margin usage, order timestamps, and symbol exposures.
  • User dashboards display balance, equity, drawdown metrics (daily and max), open positions, and trade history; risk flags are surfaced to support teams.
  • Audit logs retain order-level details and EA/connector activity for retrospective analysis.

• Rule enforcement process and exceptions

  • Automated triggers (drawdown breaches, symbol loss limits, rapid high-leverage sequences) initiate immediate checks; material breaches may lead to account termination.
  • Manual risk review follows automated flags; FTP may apply discretion, revoke passes, forfeit simulated profits, impose risk plans, or terminate accounts.
  • Reasonable exceptions may be granted for demonstrable platform outages or documented execution errors, subject to business-disruption policy and snapshotting procedures.

• Dispute resolution and appeals process

  • Initial notification via email on findings and intended action; users are given an opportunity to provide logs, EA code, or a trade rationale.
  • Appeals are handled through formal review by the risk team; outcome decisions are final where contractually stated, though FTP may attempt reconciliation where practical.
  • Non-cooperation (refusal to provide requested logs or KYC info) is treated as a breach and may forfeit entitlement to payouts.

• Account suspension and termination policies

  • Immediate suspension for clear breaches (arbitrage, tick-scalping, cross-account hedging, use of pass services).
  • Permanent termination for repeated or severe infractions; forfeiture of simulated profits may apply.
  • Accounts inactive for 30 consecutive days are closed; users must follow onboarding/KYC to reinstate or claim any eligible payouts.

Funded Trading Plus implements layered risk controls, mandatory margin rules, and clear liability disclaimers to protect its simulated funding pool and participating traders.

• Built-in risk controls and margin rules

  • Automated drawdown enforcement: daily and maximum simulated-loss checks trigger instant account flags and possible suspension.
  • Trailing vs static limits: programs use either trailing (relative) or static maximum simulated loss settings per program tier.
  • Margin alerts and forced interventions: high margin utilisation triggers warnings, manual reviews, and possible temporary leverage reduction.

• Insurance, capital protection, and firm liability

  • Capital reserves policy: the firm states it maintains fiat capital reserves to cover withdrawal obligations and payout proofs published by the community.
  • No investor deposit insurance: simulated funds have no monetary value and are not insured; real-world payouts are conditional on compliance, KYC, and risk review.
  • Liability disclaimers: the firm limits liability to the price paid for programs except for non-excludable legal liabilities; users accept terms that prioritise platform integrity.

• Corporate solvency signals and disclaimers

  • Public solvency statements: the company asserts ongoing capital reserves and a plan for orderly wind‑down with customer refunds if voluntary closure occurs.
  • Governance signals: multi-entity structure (FTP London Ltd and related entities) and published contact points for data protection and DPO details.
  • Practical implication: payouts depend on operational due diligence, KYC clearance, and internal risk approvals rather than a blanket guarantee.

Funded Trading Plus provides structured educational content, practical trading tools, and multi‑channel support aimed at helping traders navigate evaluations and funded phases. The firm publishes course materials, articles, and community links alongside demo access to supported platforms.

• Educational resources

  • Courses and modules: on‑demand lessons and PropIQ‑style course material covering risk management, strategy development, and platform tutorials.
  • Webinars and live training: periodic webinars and recorded sessions focused on passing evaluations and scaling funded accounts.
  • Knowledge base and Help Center: detailed articles on rules, drawdown mechanics, payout process, and KYC steps.

• Trading tools

  • Journals and trade analytics: built‑in trade history exports and P&L breakdowns for post‑trade review.
  • Equity simulators and risk calculators: position‑sizing helpers and margin impact simulators to test sizing against program rules.
  • EA/automation support: EA compatibility on MT5/cTrader/DXtrade/Match Trader with optional submission of logs/source for risk reviews.

• Community and mentorship

  • Public Discord and forums: active community channels for strategy discussion, payout proofs, and peer support.
  • Mentorship programs: paid and volunteer mentor pairings for strategy coaching and account review.
  • Affiliate and partner content: third‑party tutorials and partner offers that may include demo access or discounted resets.

• Customer support channels and response times

  • Multi‑channel support: email (support@fundedtradingplus.com), website contact form, and live chat; response SLAs vary by channel and issue severity.
  • Priority handling: KYC, payout and disputed‑account cases receive elevated response priority and additional manual review.
  • Self‑service: comprehensive FAQs and step‑by‑step guides to speed routine queries and refund requests.

Funded Trading Plus designs onboarding to be straightforward for retail traders while enforcing KYC/AML and identity checks required before funded-phase withdrawals.

• Account setup flow

  • Registration: create Account with email, password and basic details; accept Terms and Program Rules during checkout.
  • Order Acceptance: contract and program access issued after payment and Order Acceptance Email; Master/Instant tiers may require additional contract signature.
  • Initial credentials: Account details and platform login are emailed; users must keep passwords secure and notify FTP of unauthorised access.

• KYC, AML and identity checks

  • Mandatory KYC: identity and liveness checks are required (third‑party provider: Sumsub or equivalent) before any real‑world payout or upgrade to FT+ Trader Phase.
  • Document requirements: passport or specified government ID preferred; platform may request additional proofs or specify passport-only for certain checks.
  • Consequences of failure: incomplete or unsatisfactory KYC results in withholding payouts, suspension or termination of accounts and forfeiture of simulated‑profit in some cases.

• Dashboard usability and reporting

  • Clear metrics: dashboard exposes balance, equity, daily and maximum drawdown, open positions, trade history and flagged risk events.
  • Exportable logs: traders can export trade history and P&L breakdowns for review or to support inquiries during risk reviews.
  • Alerts and notifications: margin and rule‑breach alerts are surfaced in‑dashboard and via email.

• Mobile experience and app availability

  • Platform apps: supported platforms (MT5, cTrader, DXtrade, Match Trader) have mobile apps; no single proprietary mobile app is required.
  • Mobile usability: trade entry, position monitoring and basic reporting available via platform apps; advanced account settings and KYC workflows are handled via the Website.
  • Recommended checks: test execution and latency on demo mobile instances before operating funded accounts on mobile.

Funded Trading Plus publishes its product listing and review content on third‑party aggregators and emphasises terms, disclaimers, and privacy governance consistent with online broker review norms.

• Regulatory status and licenses

  • The firm presents itself via UK‑registered entities and group structures; users should verify current licensing and jurisdictional details with official filings and platform disclosures.

• KYC/AML procedures and data protection

  • KYC is mandatory before real‑world payouts, performed by third‑party providers; identity and liveness checks are required as part of payout processing.
  • Data handling and privacy policies are documented in website terms and third‑party integrations; users must review the privacy statement and DPO/contact points before sharing sensitive documents.

• Terms of service highlights and key legal clauses

  • Digital delivery, refund windows, and educational package exceptions are contractually stated; refund eligibility requires no trading activity within 14 days for program purchases and stricter no‑access rules for educational products.
  • Liability limitations typically cap recoverable amounts to fees paid for programs except where law prevents exclusion; voluntary wind‑down commitments and capital reserve statements are published as part of corporate disclosures.

Funded Trading Plus has a short public track record since 2021, visible in industry listing pages and aggregator reviews where it appears alongside other established challengers and payout‑proof posts; third‑party review aggregators include it in searchable prop‑firm lists.

• Public track record and longevity

  • Founded 2021 with steady product additions and expanded platform support; public listings place the firm among contemporary simulated‑funding providers.
  • Company publishes solvency and capital‑reserve statements and a voluntary wind‑down commitment to refund active evaluation fees if operations stop.

• Payout reviews and real‑world case studies

  • Community channels and aggregator pages show payout proofs and user reports; reviewers should verify timestamps and KYC/withdrawal notes when judging reliability.
  • FTP highlights published payout processes and capital reserve policy as evidence supporting payout reliability.

• Red flags and scam indicators to watch for

  • Mixed community feedback on enforcement consistency and manual review outcomes; monitor recent forum/aggregator posts for trends.
  • Watch for opaque manual reversals, delayed KYC freezes, or contractual clauses that limit recoverable amounts to program fees.

• Practical due diligence checklist

  • Verify recent payout proofs and timestamps on third‑party aggregators and community channels.
  • Confirm published corporate entity details, capital reserve statements, and contact points for compliance queries.
  • Test demo execution, read dispute and appeals terms, and keep full trade logs and EA records to support any appeals.

Funded Trading Plus presents a mixed but structured value proposition for traders seeking simulated‑live funding through a regulated‑style process and varied program tiers.

Pros

• Clear program tiers: multiple challenge and instant funding paths accommodate different experience levels.
• Multi‑platform support: MT5, cTrader, DXtrade and Match Trader for EA and manual traders.
• Transparent refund and reserve statements: published refund windows and declared capital reserves provide reassurance about payout intent.
• Research focus: simulated‑live environment and data‑collection approach can benefit traders aiming to refine systematic strategies.
• Scaling paths: milestone and performance‑based scaling options with documented criteria.

Cons

• Manual reviews can be strict: discretionary risk reviews may reverse profits or block payouts in borderline cases.
• KYC gating: mandatory third‑party KYC before payouts can delay withdrawals for some traders.
• Simulation limitations: psychological differences and occasional enforcement variance mean simulated success may not map to retail live accounts.
• Fee structure complexity: multiple tiers, add‑ons, and reset policies require careful reading to avoid surprises.

Ideal trader profiles

• Disciplined risk managers: traders who keep consistent position sizing, avoid exploitative tactics, and maintain detailed logs.
• EA and systematic developers: algorithmic traders who need multi‑platform EA support and can supply logs/source for audits.
• Swing and intraday traders: traders who operate within drawdown and daily‑loss limits and prefer structured scaling.
• Mentored or community traders: those who leverage Discord, webinars and mentorship to iterate on strategy and pass evaluations.

Side-by-side scorecard

Weighted decision checklist (English)

1. Score program fit (0–5): evaluation model clarity, profit target realism, drawdown strictness.
2. Score execution (0–5): demo latency, platform selection, slippage experience.
3. Score economics (0–5): fee level, profit split, withdrawal speed and payment options.
4. Score governance (0–5): KYC friction, rule enforcement transparency, dispute process.
5. Score reputation (0–5): recent payout proofs, community sentiment, corporate disclosures. Total possible: 25 — target a minimum aggregate score of 16 for consideration.

Final verdict and who should apply (English)

• Final verdict: A pragmatic option for disciplined traders who value structured, multi‑platform simulated funding and clear scaling paths, with due caution around manual reviews and KYC gating.
• Who should apply: EA developers, methodical swing/intraday traders, and traders who keep detailed logs and can pass third‑party KYC. Validate demo execution and recent payout proofs before committing.