Funded Trading Plus review: is it worth it?

What Funded Trading Plus actually is

Funded Trading Plus is a UK-based company offering a challenge-based funded trader programme. The model follows the now-standard retail prop firm structure: you pay an evaluation fee, attempt to hit a profit target without breaching drawdown limits, and if you pass, you receive access to a funded trading account. Profits generated on the funded account are split between you and the firm.

What FTP is not: a regulated broker, a financial institution, or an investment vehicle. The funded-account challenge model is not a regulated financial product in the UK, the EU, or any other major jurisdiction. The FCA does not licence or supervise the challenge product itself — it may regulate adjacent CFD activity, but paying a challenge fee to Funded Trading Plus is a service transaction, not a regulated investment. There is no Financial Services Compensation Scheme (FSCS) protection. If the firm ceased operating, your fee would be at risk with no compensatory recourse. Understand this before you wire anything.

The UK registration matters to some traders — particularly those who are wary of offshore-incorporated firms after the MyForexFunds collapse in 2023, where a Canadian-registered firm's opacity contributed to the difficulty of recovery for its 135,000+ clients. A UK Companies House registration is verifiable, publicly searchable, and comes with director disclosure obligations that many offshore jurisdictions do not impose. That said, UK incorporation does not make the product regulated or the fee protected — it simply makes the counterparty more transparent.

The MyForexFunds warning every FTP applicant should read

In August 2023, the CFTC and Ontario Securities Commission filed emergency enforcement actions against Traders Global Group Inc., operating as MyForexFunds (MFF). Approximately $310 million in client funds were frozen. The CFTC alleged that MFF misrepresented how it funded traders, that payouts came directly from challenge fee revenue rather than from genuine trading capital, and that rules were modified post-challenge to make payouts harder to receive. MFF had been the market leader in 2022–2023, growing rapidly with aggressive marketing and, on the surface, a plausible product. It collapsed almost overnight.

This is not ancient history — it is the operating backdrop for every prop firm assessment in 2026. FTP emerged and grew in the same period. The lesson from MFF is not that all prop firms are fraudulent; it is that growth, marketing spend, and a UK or any other registration do not by themselves tell you whether a firm's business model is sustainable and honest. Before paying an FTP challenge fee: verify the entity in Companies House, read the full T&Cs on the day you pay and screenshot them, search Reddit r/Forex for 'Funded Trading Plus payout' filtered to the last 90 days, and find independently verified payout records from identifiable accounts — not blurred screenshots from anonymous Discord handles.

Challenge structure: what FTP's evaluation looks like

Funded Trading Plus operates a challenge-based evaluation. As of the time of writing, the standard structure is a one-phase evaluation — a single phase rather than the two-step model used by FTMO and others. A one-phase evaluation typically requires a higher profit target than a two-step Phase 1 (to compensate for the absence of a second filtering stage), or equivalent targets with stricter drawdown rules. The practical implication: you pass faster if you succeed, but there is no lower-bar Phase 2 to act as a second chance after a strong Phase 1.

We do not publish specific profit targets, drawdown percentages, or account sizes without a verified date, because these parameters change. Verify the current rules at fundedtradingplus.com on the day you consider paying. What we can describe structurally: prop firm evaluations universally include a profit target (the amount you must grow the account), a daily drawdown limit (the maximum your account equity can fall in a single trading session, including on open positions), and a maximum drawdown limit (the total amount your account can fall from its peak or from its starting balance — this is the rule that eliminates most traders who do not understand it).

• Verify the current challenge structure and fees at fundedtradingplus.com — do not rely on third-party review sites for live fee data
• Confirm whether drawdown is calculated on closed equity only, or on real-time equity including open positions — the latter is more aggressive
• Confirm whether the max drawdown trails from peak equity (trailing) or from initial balance only (static) — trailing drawdown is significantly harder
• Check whether a time limit applies to the evaluation phase — time limits incentivise overtrading near the deadline
• Read the news trading and prohibited strategy clauses in full before paying

Daily drawdown versus maximum drawdown: the rules that end most challenges

Most traders who fail prop firm challenges do not fail because they were wrong about direction. They fail because they did not understand the drawdown rules well enough to position-size correctly. This is the single most important section of any prop firm evaluation — and it is where FTP's T&Cs demand careful reading, as the specifics matter enormously.

The daily drawdown limit defines how far your account equity can fall in a single trading session. Critically: this limit applies to real-time equity, including unrealised (open) losses. On a £100,000 account with a 5% daily drawdown limit, if you have a £3,000 closed loss and a floating £2,500 loss on an open position, your real-time equity is down £5,500 — that may already be a breach. The rule does not wait for you to close your trades. Many traders discover this the hard way.

The maximum drawdown rule is the one that eliminates experienced traders who understand the daily rule but miss the trailing mechanic. A trailing maximum drawdown does not measure from your initial starting balance — it measures from your peak equity. If you start a £25,000 account, grow it to £30,000 in a strong first week, and then give back £3,500, your account is at £26,500 and you appear to be ahead. But if the max drawdown trails from peak, your drawdown floor has risen to £27,000 (£30,000 minus 10%) — and you are already in breach. Traders who run up a strong early profit are paradoxically more exposed to trailing drawdown failures, because every new high-water mark raises the floor below them.

Confirm whether FTP uses a trailing max drawdown or a static max drawdown (fixed from initial balance). Static drawdown is significantly more forgiving and changes the risk profile of the challenge materially. This is a binary question — verify it on the firm's own site before you pay.

UK registration: what it means and what it does not

Funded Trading Plus being UK-registered is meaningful for one specific reason: transparency of the corporate entity. Companies House records are publicly searchable, directors are named and their details are on file, and the company's filing history is visible. This is a materially higher level of counterparty transparency than you get from a firm registered in St. Kitts and Nevis, the British Virgin Islands, or the UAE — jurisdictions where beneficial ownership disclosure requirements are weaker.

What UK registration does not provide: FCA regulation of the funded-account challenge product, FSCS protection for your challenge fee, or any guarantee of payout. The FCA's remit covers financial instruments, credit, and investment activities — the challenge-and-simulated-account model does not currently fall within FCA authorisation requirements because the firm is not executing financial instruments on your behalf in the regulatory sense. It is selling you an evaluation service. This is the same legal framing that has allowed FTMO to operate in the EU without a CySEC or ESMA licence, and that the Czech National Bank reviewed and found legally sound. UK incorporation puts FTP in a stronger transparency tier than many offshore competitors, but it does not upgrade the product to a regulated investment.

For UK traders, there is a secondary consideration: if you are paying in GBP and operating through a UK-registered firm, the mechanics of a commercial dispute (if one ever arose) are somewhat clearer than pursuing a claim against an offshore entity. That is not a payout guarantee — it is a marginal incremental advantage in a worst-case scenario.

Funded account: profit split, instruments, and what to verify

Funded Trading Plus offers profit splits that the firm publishes on its site — verify the current figure at fundedtradingplus.com, as splits are competitive marketing levers that firms adjust. The funded-trader space has moved toward 80–90% trader splits as a market standard; anything materially below 80% warrants comparison against alternatives before committing. Check also whether the split on the initial funded account is the same as the split after a defined consistency period — some firms advertise their scaling-tier split rather than their entry-tier split.

Instruments available at FTP include forex pairs, indices, and commodities — verify the current list on site, as product availability varies and some instruments carry specific trading restrictions (time-of-day restrictions on indices, for example, or position size limits on commodities during specific sessions).

Account scaling — the ability to grow your funded account size based on demonstrated performance — is a feature offered by some prop firms and not others. If FTP offers a scaling programme, confirm the milestones (profit percentage required, number of payout cycles, consistency conditions) before treating it as a reliable path to larger capitalisation. Scaling plans have historically been revised by prop firms in ways that extend the timeline from what was marketed.

Payout frequency and method matter practically: confirm whether FTP processes payouts monthly, bi-weekly, or on-demand above a threshold, and which payment rails they use. Payment processor relationships are an operational risk — The Funded Trader paused payouts in 2024 due to payment processor issues, and the category has seen similar disruptions. A firm paying via Deel, bank wire, or established rails is lower risk than one relying on a single processor.

Risk framing: what this guide cannot tell you

Nothing in this guide is financial or legal advice. A funded-trading challenge fee is money at risk — if you fail the evaluation or if the firm ceases operations, the fee is gone. There is no FSCS protection, no compensation scheme, and no regulatory backstop for the funded-account product in any jurisdiction, including the UK.

Pass rates at reputable prop firms are estimated at 5–15% across the full applicant base — the majority of challenge fees are not refunded because most traders do not pass, and the firms' economics depend on this ratio. This is not fraud; it is the correct pricing of a difficult assessment. But it means you should enter with realistic expectations: the challenge is designed to filter out most participants.

We have not verified specific current fees, profit split percentages, profit targets, or account sizes for Funded Trading Plus in this guide — these change, and publishing a stale number is worse than directing you to the source. Verify everything at fundedtradingplus.com on the day you make your decision, screenshot the T&Cs page at that moment, and store a copy of the exact rules you agreed to.

Sources & further reading

• Funded Trading Plus — official site
• Companies House — UK company register
• CFTC — Traders Global Group (MyForexFunds) enforcement action, August 2023
• FCA — CFD product-intervention measures