Funded Trading Plus Review - Multi-Asset Prop Firm for Kenyan Traders

Introduction

Funded Trading Plus has emerged as a versatile and trader-friendly proprietary trading firm, offering multi-asset trading opportunities across forex, indices, commodities, and cryptocurrencies. Founded in 2021 and headquartered in London, the firm has quickly gained recognition for its flexible approach, competitive terms, and excellent accessibility for international traders, particularly those from Kenya and other African markets.

Company Overview

Background and Vision

Funded Trading Plus was established with the goal of providing traders worldwide with access to significant trading capital while maintaining flexible and fair evaluation criteria. The firm’s multi-asset approach sets it apart from many competitors who focus solely on forex or futures, offering traders the opportunity to diversify their strategies across different market sectors.

Core Principles:

• Accessibility: Open to traders worldwide
• Flexibility: Multiple asset classes and platforms
• Fairness: Transparent rules and competitive terms
• Innovation: Modern approach to prop trading
• Support: Comprehensive customer service

Business Model

Unlike traditional prop firms that may focus on a single asset class, Funded Trading Plus operates on a multi-asset model that includes:

• Forex: Major, minor, and exotic currency pairs
• Indices: Global stock indices from major markets
• Commodities: Precious metals, energy, and agricultural products
• Cryptocurrencies: Major digital assets

This diversification allows traders to apply their expertise across multiple markets and adapt their strategies to different market conditions.

Funding Programs Analysis

Standard Evaluation Program (Two-Phase)

The flagship two-phase program offers a comprehensive evaluation process with unlimited time to complete objectives.

Program Structure:

• Account Sizes: $10K, $25K, $50K, $100K, $200K
• Phase 1 Target: 8% profit target
• Phase 2 Target: 5% profit target
• Risk Parameters: 5% daily loss, 10% total loss
• Minimum Trading Days: 5 days per phase
• Time Limit: Unlimited

Detailed Breakdown by Account Size:

Express Program (One-Phase)

Designed for experienced traders who prefer a streamlined evaluation process.

Key Features:

• Single Phase: Direct path to funding
• Higher Target: 10% profit requirement
• Same Risk Rules: 5% daily, 10% total drawdown
• Premium Pricing: Higher fees for convenience
• Faster Timeline: Quicker route to funding

Royal Program (Premium Option)

The premium offering with enhanced terms for serious traders.

Premium Benefits:

• Higher Profit Split: 85% across all account sizes
• Lower Targets: 6% profit requirement
• Tighter Risk: 4% daily, 8% total drawdown
• Enhanced Support: Priority customer service
• Exclusive Features: Additional trading tools

Multi-Asset Trading Analysis

Forex Market Coverage

Major Currency Pairs:

• EUR/USD, GBP/USD, USD/JPY, USD/CHF
• AUD/USD, USD/CAD, NZD/USD

Minor Currency Pairs:

• EUR/GBP, EUR/JPY, GBP/JPY, AUD/JPY
• EUR/AUD, GBP/AUD, EUR/CAD, GBP/CAD

Exotic Currency Pairs:

• USD/ZAR, USD/TRY, USD/MXN, EUR/TRY
• GBP/ZAR, AUD/ZAR (particularly relevant for African traders)

Trading Conditions:

• Spreads: From 0.0 pips on major pairs
• Leverage: Up to 1:100
• Execution: Market execution model
• Swap-Free: Available for Islamic accounts

Indices Trading

Major Global Indices:

• US Indices: S&P 500, NASDAQ 100, Dow Jones 30
• European Indices: DAX 30, FTSE 100, CAC 40, EURO STOXX 50
• Asian Indices: Nikkei 225, Hang Seng, ASX 200
• Other Markets: IBEX 35, SMI 20, WIG 20

Trading Characteristics:

• High Volatility: Excellent for day trading
• Clear Trends: Good for trend-following strategies
• News Sensitivity: React strongly to economic events
• Session-Based: Different activity levels by region

Commodities Market

Precious Metals:

• Gold (XAUUSD): Most popular commodity
• Silver (XAGUSD): Higher volatility alternative
• Platinum (XPTUSD): Industrial metal exposure
• Palladium (XPDUSD): Automotive industry correlation

Energy Commodities:

• Crude Oil (WTI): US benchmark crude
• Brent Oil: International benchmark
• Natural Gas: Energy sector exposure

Agricultural Products:

• Coffee: Popular soft commodity
• Sugar: Agricultural exposure
• Cotton: Textile industry correlation

Cryptocurrency Trading

Major Cryptocurrencies:

• Bitcoin (BTCUSD): Leading cryptocurrency
• Ethereum (ETHUSD): Smart contract platform
• Litecoin (LTCUSD): Digital silver alternative
• Ripple (XRPUSD): Banking sector focus

Crypto Trading Features:

• 24/7 Trading: Round-the-clock opportunities
• High Volatility: Significant profit potential
• Weekend Trading: Active during weekends
• Leverage: Up to 1:10 on major cryptos

Platform Analysis

MetaTrader 4 (MT4)

Classic Features:

• User-Friendly: Intuitive interface
• Expert Advisors: Full EA support
• Custom Indicators: Extensive library
• Mobile Trading: iOS and Android apps
• Proven Reliability: Industry standard

MetaTrader 5 (MT5)

Advanced Capabilities:

• Multi-Asset: All asset classes supported
• Advanced Orders: More order types
• Economic Calendar: Built-in news feed
• Market Depth: Level II pricing
• Strategy Tester: Enhanced backtesting

cTrader Platform

Professional Features:

• ECN Trading: Direct market access
• Advanced Charting: Professional analysis tools
• cBots: Algorithmic trading support
• Level II Pricing: Market depth information
• Fast Execution: Low-latency trading

DXTrade Platform

Modern Interface:

• Web-Based: No download required
• Multi-Asset: All instruments supported
• Advanced Tools: Professional trading features
• Mobile Optimized: Responsive design
• Real-Time Data: Live market information

Kenya-Specific Analysis

Accessibility and Compliance

Kenyan Trader Benefits:

• No Restrictions: Full access to all programs
• Local Payment Methods: Multiple options available
• Time Zone Friendly: London-based operations
• Customer Support: English-speaking staff
• Community: Active Kenyan trader network

Payment Methods for Kenyan Traders

Deposit Options:

• Skrill: Widely used in Kenya
• Neteller: Popular e-wallet option
• Wise (TransferWise): Excellent exchange rates
• Cryptocurrency: Bitcoin and Ethereum
• Bank Transfer: Direct wire transfers

Payout Methods:

• Skrill: Fast and reliable
• Neteller: Quick processing
• PayPal: Available for some regions
• Wise: Best rates for international transfers
• Cryptocurrency: Fastest option
• Bank Transfer: Traditional method

Time Zone Advantages

London Market Hours (EAT):

• Forex Session: 11:00 AM - 8:00 PM
• Overlap Periods: Multiple session overlaps
• News Events: European and US sessions
• Optimal Trading: 3:00 PM - 6:00 PM EAT

Trading Schedule Benefits:

• Work-Life Balance: Trade during normal hours
• No Night Trading: Avoid sleep disruption
• Weekend Positions: Hold over weekends
• Flexible Timing: Multiple session options

Internet and Technology Requirements

Minimum Requirements:

• Internet Speed: 10 Mbps download, 2 Mbps upload
• Latency: <100ms to London servers
• Reliability: 99% uptime recommended
• Backup: Mobile data connection

Recommended Setup:

• Fiber Connection: 50+ Mbps
• Dual Monitors: Enhanced productivity
• UPS System: Power backup
• VPS Option: For EA trading

Risk Management Framework

Drawdown Rules Explained

Daily Drawdown (5% Evaluation, 4% Funded):

• Calculated from daily starting balance
• Resets at 00:00 GMT each day
• Includes open position P&L
• Violation results in immediate failure

Total Drawdown (10% Evaluation, 8% Funded):

• Calculated from highest account balance
• Never resets during evaluation
• Includes all realized and unrealized P&L
• Most restrictive rule for most traders

Example Calculation ($50K Account):

• Starting Balance: $50,000
• Daily Loss Limit: $2,500 (evaluation)
• Total Loss Limit: $5,000 (evaluation)
• After $2,000 profit: New total limit = $52,000 - $5,000 = $47,000

Position Sizing Strategies

Conservative Approach (Recommended for Beginners):

• Risk 0.5-1% per trade
• Maximum 2-3% portfolio exposure
• Focus on major currency pairs
• Strict stop-loss discipline

Moderate Approach:

• Risk 1-1.5% per trade
• Maximum 5% portfolio exposure
• Diversify across asset classes
• Use correlation analysis

Aggressive Approach (Advanced Traders):

• Risk 1.5-2% per trade
• Maximum 8% portfolio exposure
• Higher frequency trading
• Advanced risk management techniques

Success Strategies for Kenyan Traders

Multi-Asset Approach

Diversification Benefits:

• Risk Reduction: Spread across asset classes
• Opportunity Maximization: Multiple markets
• Correlation Analysis: Hedge positions
• Market Adaptation: Switch based on conditions

Recommended Asset Allocation:

• Forex: 40-50% of trading activity
• Indices: 25-35% of activity
• Commodities: 15-25% of activity
• Cryptocurrencies: 5-15% of activity

Time Management

London Session Focus (11:00 AM - 8:00 PM EAT):

• Morning Preparation: 10:00 AM - 11:00 AM
• Active Trading: 11:00 AM - 6:00 PM
• Position Management: 6:00 PM - 8:00 PM
• Analysis: 8:00 PM - 9:00 PM

Market Selection by Time

Morning Session (11:00 AM - 2:00 PM EAT):

• Focus: European indices and EUR pairs
• Strategy: Trend following and breakouts
• Volatility: Moderate to high
• News Impact: European economic data

Afternoon Session (2:00 PM - 6:00 PM EAT):

• Focus: US indices and USD pairs
• Strategy: News trading and momentum
• Volatility: Highest of the day
• News Impact: US economic releases

Evening Session (6:00 PM - 8:00 PM EAT):

• Focus: Position management
• Strategy: Profit taking and adjustments
• Volatility: Decreasing
• News Impact: Minimal

Educational Resources and Support

Learning Materials

Trading Courses:

• Beginner Course: Market fundamentals
• Intermediate Course: Technical analysis
• Advanced Course: Risk management
• Multi-Asset Course: Cross-market strategies

Market Analysis:

• Daily Reports: Market outlook and key levels
• Weekly Analysis: Longer-term trends
• Economic Calendar: Important news events
• Sector Analysis: Asset class specific insights

Community Support

Discord Community:

• Active Channels: Real-time discussions
• Strategy Sharing: Trader collaboration
• Q&A Sessions: Expert guidance
• Regional Groups: Kenya-specific discussions

Telegram Groups:

• News Updates: Real-time market news
• Signal Sharing: Trade ideas
• Educational Content: Learning materials
• Support Chat: Technical assistance

Performance Metrics and Statistics

Success Rates by Program

Evaluation Program (Two-Phase):

• Phase 1 Pass Rate: 25-30%
• Phase 2 Pass Rate: 60-70%
• Overall Success: 15-20%
• Average Time: 45-60 days

Express Program (One-Phase):

• Pass Rate: 12-18%
• Average Time: 30-45 days
• Higher Difficulty: Single phase challenge
• Experienced Traders: Better suited

Common Failure Points

Risk Management (50% of failures):

• Exceeding daily loss limits
• Poor position sizing
• Lack of stop losses
• Emotional trading decisions

Profit Target Achievement (30% of failures):

• Insufficient trading activity
• Conservative approach
• Market timing issues
• Strategy ineffectiveness

Rule Violations (20% of failures):

• Platform misuse
• Account management errors
• Communication failures
• Technical issues

Funded Trader Performance

Average Monthly Profits:

• $10K Accounts: $500-800
• $25K Accounts: $1,200-2,000
• $50K Accounts: $2,500-4,000
• $100K+ Accounts: $5,000-8,000

Top Performer Statistics:

• Best Monthly: $15,000+ profit
• Consistency: 70%+ winning months
• Retention: 80% after 6 months
• Scaling: 60% increase account size

Competitive Analysis

Funded Trading Plus vs. Competitors

Advantages:

• Multi-Asset Trading: Unique offering
• Weekend Holding: Flexibility advantage
• No Consistency Rules: Easier to pass
• Kenya Accessibility: Excellent support
• Multiple Platforms: Choice and flexibility

Disadvantages:

• Newer Firm: Limited track record
• Lower Profit Splits: 80% vs. some 90% competitors
• No Regulation: Unregulated entity
• Limited Education: Fewer resources
• Higher Fees: Premium pricing

Value Proposition

For Multi-Asset Traders:

• Diversification opportunities
• Cross-market strategies
• Risk distribution
• Opportunity maximization
• Skill development

For Kenyan Traders:

• Excellent time zone alignment
• Multiple payment methods
• Strong customer support
• Active community
• Competitive terms

Common Challenges and Solutions

For Kenyan Traders

Challenge 1: Multi-Asset Complexity

• Solution: Start with familiar markets (forex)
• Progression: Gradually add other assets
• Education: Focus on correlation analysis
• Practice: Use demo accounts extensively

Challenge 2: Platform Selection

• Solution: Start with MT4 for simplicity
• Upgrade: Move to MT5 for multi-asset
• Testing: Try different platforms
• Support: Use customer service guidance

Challenge 3: Risk Management Across Assets

• Solution: Implement portfolio-based risk
• Tools: Use correlation matrices
• Monitoring: Track total exposure
• Adjustment: Regular portfolio rebalancing

Challenge 4: Market Knowledge

• Solution: Focus on major instruments initially
• Research: Study market fundamentals
• Analysis: Follow economic calendars
• Community: Learn from other traders

Regulatory Considerations

Unregulated Status

Current Situation:

• No formal regulatory oversight
• Self-regulated operations
• Industry standard practices
• Transparent operations

Risk Mitigation:

• Due Diligence: Research firm thoroughly
• Start Small: Begin with smaller accounts
• Monitor Performance: Track payout reliability
• Community Feedback: Check trader reviews

Future Outlook:

• Potential regulatory compliance
• Industry standardization
• Enhanced protections
• Improved transparency

Conclusion

Funded Trading Plus offers a unique and flexible approach to proprietary trading, with its multi-asset platform providing opportunities that many competitors cannot match. The firm’s excellent accessibility for Kenyan traders, combined with competitive terms and comprehensive support, makes it an attractive option for traders seeking diversification beyond traditional forex or futures-only firms.

Ideal for Kenyan Traders Who:

• Want multi-asset trading opportunities
• Prefer London time zone alignment
• Need flexible payment methods
• Value customer support
• Seek portfolio diversification

Consider Alternatives If:

• You prefer single-asset specialization
• You want higher profit splits
• You need extensive educational resources
• You require regulatory oversight
• You prefer established track records

While Funded Trading Plus may be newer than some competitors, its innovative multi-asset approach, trader-friendly terms, and excellent accessibility for Kenyan traders make it a compelling choice for those seeking a modern, flexible prop trading experience. The ability to trade forex, indices, commodities, and cryptocurrencies from a single account provides unique opportunities for skilled traders to maximize their potential across multiple markets.