Unveiling the Titans of Proprietary Trading: A Comprehensive Comparison of True Forex Funds and Funded Trading Plus

A Tale of Two Giants: The Genesis and Foundation

In the realm of proprietary trading, two titans stand tall: True Forex Funds and Funded Trading Plus. True Forex Funds, helmed by the visionary Richard Nagy, emerged in October 2021 from the heart of Győr, Hungary. Its counterpart, Funded Trading Plus, rose to prominence under the leadership of Simon Massey in November 2021, establishing its headquarters in the bustling metropolis of London, UK. Both firms have carved their niche in the global forex market, offering traders a gateway to substantial capital allocation.

A Spectrum of Funding Programs: Catering to Diverse Needs

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True Forex Funds and Funded Trading Plus recognize the diverse needs of traders worldwide. True Forex Funds presents a trio of two-step evaluations and a streamlined one-step evaluation, while Funded Trading Plus offers a one-step evaluation, two two-step evaluations, and an enticing instant funding option. This array of programs ensures that traders of all experience levels and risk appetites can find a path to success.

Deciphering the Two-Step Evaluation Programs

Delving into the intricacies of the two-step evaluation programs reveals subtle distinctions. True Forex Funds and Funded Trading Plus establish specific profit targets for phases 1 and 2, with variations in their advanced and premium programs. Drawdown limits, a crucial aspect of risk management, differ between the firms, with True Forex Funds maintaining consistent limits and Funded Trading Plus offering trailing options for greater flexibility. Leverage options also vary, with True Forex Funds typically providing higher leverage compared to Funded Trading Plus. Both firms allow flexibility in trading periods, with specific minimum day requirements in some programs. Profit splits, a testament to the firms’ commitment to trader success, are competitive, with potential increases up to 90% in certain programs.

Account Size and Pricing: A Balancing Act

The firms adopt distinct pricing strategies for various account sizes. True Forex Funds offers a range of accounts from $10,000 to $200,000, catering to traders with varying risk appetites and capital availability. Funded Trading Plus follows a similar approach, providing accounts ranging from $10,000 to $200,000, ensuring that traders can choose an account size that aligns with their financial goals and risk tolerance.

Brokers and Trading Platforms: The Gateway to Market Access

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True Forex Funds and Funded Trading Plus understand the importance of partnering with reputable brokers and trading platforms to provide traders with optimal trading environments. True Forex Funds offers the industry-standard MetaTrader 4 and 5 platforms, while Funded Trading Plus has forged an alliance with Eightcap as its primary broker. These partnerships ensure that traders have access to deep liquidity, competitive spreads, and a suite of advanced trading tools.

Trading Instrument Selection: A World of Opportunities

The availability of diverse trading instruments is paramount for traders seeking to diversify their portfolios and capitalize on market opportunities. True Forex Funds offers a comprehensive range of instruments, including Forex pairs, commodities, indices, cryptocurrencies, and even stocks. Funded Trading Plus also provides a robust selection of instruments, including Forex pairs, commodities, and indices, empowering traders to explore a wide spectrum of financial markets.

Community Feedback: A Window into Reputation

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The opinions of the trading community hold immense weight in assessing the credibility of proprietary trading firms. True Forex Funds has garnered an impressive 4.7/5 rating from 2,257 reviews on Trustpilot, a testament to its strong reputation among traders. Funded Trading Plus has also earned a stellar 4.9/5 rating from 1,788 reviews, indicating the high regard in which it is held by its clients. These positive reviews speak volumes about the firms’ commitment to trader satisfaction and their ability to deliver exceptional trading experiences.

Conclusion: A Crossroads of Opportunity

True Forex Funds and Funded Trading Plus stand as formidable players in the proprietary trading landscape. While they share commonalities such as substantial capital allocation and a commitment to trader success, they also exhibit unique strengths and offerings. True Forex Funds’ diverse funding program options, including one-step evaluations and higher leverage, may appeal to experienced traders seeking a more flexible and potentially lucrative path. Funded Trading Plus, with its instant funding option and trailing drawdown limits, may be a suitable choice for traders prioritizing speed and risk management. Ultimately, the choice between these two titans depends on the individual trader’s risk tolerance, trading style, and financial goals. Both True Forex Funds and Funded Trading Plus offer a gateway to the world of proprietary trading, empowering traders to unlock their potential and achieve financial success.