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Info
Popularity & Trust
Trust Pilot Reviews: 2219
Trust Pilot Rating: 4.7
Last Update: October 18, 2024
Exist: 2.8 Years
Trust Score: 8.8 / 10*
The more reviews and the longer the firm existed will increase its Trust Score
Challenge Value
PRICE RATING
10K Fee: $119
25K Fee: $247
50K Fee: $397
100K Fee: $547
Price Score: 121*
The Price Score is calculated comparing 10K, 25K, 50K and 100K challenge costs. The average challenge Price Score is around 100. A lower number is better and means cheaper challenges.
DIFFICULTY RATING
P1 Target: 8%
P2 Target: 5%
Max Drawdown: 8%
Max Daily DD: 4%
Difficulty Score: 1.7*
Difficulty Rating is calculated on your total drawdown % compared with your total target %. Lower is better
VALUE RATING
Value Rating: 1 / 10*
The Value Rating is a combination of the cost of the challenges and the difficulty of passing the challenge. The best Value Rating has a score of 10 and the lowest a score of 1
NOTES
There is no $10K challenge with this firm. The Max Drawdown is relative and not static. Meaning it is trailing higher, making it more difficult to pass a challenge
Rules & Restrictions
Leverage: 30:1
Daily Drawdown Type: 😀 Balance Based
Challenge Time Limit: 😀 No Time Limit
News Trading: ✅ Allowed
Hold Weekends: ✅ Yes
EA's : No Copy Trading
Other: ❌ Max drawdown is Relative,❌ Withdrawals decreases drawdown limit
NEWS TRADING
No restrictions on news trading or holding over the weekends
EXPERT ADVISORS
Only some CTrader EAs are allowed, but not even copy trading.
OTHER
Keep in mind the Daily Drawdown rule is Relative and not Static like most. Withdrawing funds also decreases your margin. For example. If you have a $100k account and you make 10% you can’t withdraw it all or you will be disqualified. If you withdraw $5k, you now only have $5K of drawdown left. Or essentially you just cut your account size in half, after just withdrawing half your profits. We find this EXTREMELY negative compared to other firms.
*Please visit the firms website for updated terms & conditions
Trade Cost
FOREX SPREAD
FX Commission: $7
EU Spread: 1
UJ Spread: 4
UF Spread: 7
FX Spread Score: 11
INDEX SPREAD
Index Commission: $0
NAS Spread: 120
S&P Spread: 80
DOW Spread: 160
Index Spread Score: 12
SWAP FEES
Swap Score -59
Payouts & Scaling
Fee Refund: 100%
Simulated Share: None
Profit Share: 80%
Scaling: ✅ Yes*
Merging: 😃 Yes
Max Combined Accounts: $200000
REFUNDS & BONUSSES
The 100% refund only gets paid out once the trade makes 10% on account.
PROFIT SHARE
80% of your simulated profit made during the FT+ Trader phase can be withdrawn by you upon request , this is automatically calculated when you make a payout request. When you are an FT+ Trader and you make 20% simulated profit on your simulated-live account, you can request to be upgraded to a 90/10 simulated profit split. You can then request to move to 100/0 once you reach 30% of simulated profit!
SCALING
Essentially you can scale with every 10% account increase, but with the relative drawdown rule this becomes tricky. By withdrawing you eat into your allowed drawdown. Read more here: https://www.fundedtradingplus.com/the-premium-trader-program/
MERGING
Only untraded accounts can be merged
Please visit the firms website for updated terms & conditions
Pro’s & Con’s
✅ PRO’S
✅ Good Trust Rating ✅ Daily DD Balance Based ✅ News Trading Allowed ✅ Hold Weekends Allowed ✅ No Challenge Time Limit ✅ Good Scaling Plan ✅ Challenge Fee Refund: 100% ⭐ Weekly Payouts ✅ Crypto Payouts
❌ CON’S
❌ Slightly High FX Spread ❌ High Challenge Fees ☠️ Highest 2-Step Challenge Difficulty ☠️ Lowest Challenge Value ❌ Low Leverage ❌ Max drawdown is Relative,❌ Withdrawals decreases drawdown limit
Summary & Rating
THE UPSIDE
The main upside to this firm is the high Trust Ranking. The firm is also suited for swing trading and you can get weekly payouts.
THE DOWNSIDE
There are plenty of downsides to this firm. The challenges fees are high and the requirements are hard, making the Challenge Value Rating very low. The relative drawdown rule is a pain and makes it much harder to pass a challenge and keep a funded account. Withdrawing funds will be treated like a loss as this decreases your drawdown value.
IN SUMMARY
It is hard to get around the relative drawdown rule with this firm. The only thing that saves it from a Tier 5 ranking is its Trust Rating. But I can’t go any higher and have to rate this firm as Tier 4
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