FundedFirm vs Funded Trading Plus: Which Prop Firm Fits Your Trading Style?
Introduction
Starting a trading career without sufficient capital is challenging, but proprietary trading firms make it possible to trade with firm capital while minimizing personal risk. Two options that often attract traders are FundedFirm and Funded Trading Plus (FTP). This article will provide a detailed comparison to help you choose the firm that aligns best with your trading goals.
What Are Proprietary Trading Firms?
Understanding Prop Trading
Prop trading involves trading financial instruments using a firm’s capital instead of your own. Traders share in the profits while the firm takes on most of the financial risk. Think of it as driving a high-performance car you don’t own: handle it well, and everyone benefits.
Benefits of Trading with Firm Capital
Access to larger accounts
Reduced personal financial risk
Professional trading tools and platforms
Mentorship and community support
Opportunities for account scaling
Overview of FundedFirm
Company Background
FundedFirm is known for its accessibility and flexibility. It caters to both new and experienced traders, providing fast funding options and a supportive community environment.
Funding Options
FundedFirm offers instant funding accounts and challenge-based programs. Traders can start with small deposits and scale their accounts as they demonstrate consistent performance.
Evaluation Process
The evaluation at FundedFirm requires traders to hit profit targets while adhering to risk limits. The process is designed to identify disciplined and skilled traders suitable for larger funding.
Overview of Funded Trading Plus
Company Background
Funded Trading Plus (FTP) focuses on structured growth, strict risk management, and long-term consistency. FTP is popular among traders seeking professional guidance and a clear roadmap for scaling their accounts.
Funding Options
FTP offers evaluation-based accounts with tiered funding options.