Verdict. Funded Trading Plus suits traders who want payout mechanics with no artificial waiting: withdrawals open from day one after a first profitable trade and KYC, at a $50 minimum, and the firm publishes its own denial rate — 1.74% of withdrawals, refused for fraud or KYC failures. It does not suit high-risk styles: the firm openly bans traders it classes as high-risk, and that judgment is discretionary. The biggest caveat: the 100% split is a milestone reward, not the starting terms.
Key terms at a glance
- Account sizes: $5,000 to $200,000, with scaling to $5 million, per the firm’s published programme range
- Programmes: Instant funding, 1-Step Express (10% profit target) and 2-Step Classic (8% then 5%), all with no time limits, per PropFirmsCompared
- Daily loss limit: 4–5% depending on plan
- Maximum drawdown: 6–10% total by plan
- Profit split: 80% base, rising to 90% and then 100% at cumulative-profit milestones around 30%
- Payouts: first available from day one after a profitable trade plus KYC; selectable 3, 5 or 7-day intervals; $50 minimum; most processed same-day with a two-business-day maximum, per TheTrustedProp
- Fee refund: evaluation fee refunded at 10% profit on the funded account
- Track record: more than $19.5 million paid to 60,000+ traders across 180 countries, per the firm’s published figures
The number most firms will not print
The single most useful thing Funded Trading Plus publishes is not the $19.5 million payout total — it is the 1.74% of withdrawal requests the firm says it has denied, attributed to fraud and KYC failures. In an industry where almost no firm publishes a pass rate, denial rate or conversion rate, a self-reported denial figure is a genuine transparency step, and it gives every prospective customer a base rate to reason from: roughly one withdrawal in 57 is refused.
It also needs its caveat. The figure is self-reported and unaudited, and it counts denied withdrawals, not banned accounts. A trader whose account is closed for “high-risk” trading before a withdrawal request is made never appears in the 1.74%. The one-star reviews on the firm’s Trustpilot profile — 79 of them against 2,392 five-star reviews, for a 4.4 rating across roughly 2,650 reviews — cluster around exactly that boundary: bans, KYC disputes and risk-desk judgments rather than slow payments.
Payouts: published terms, and what trader reports add
What the firm publishes is aggressive by industry standards. There is no minimum-trading-day gate on most programmes; the first withdrawal can be requested after the first profitable trade once KYC clears; the minimum is $50; and traders choose a 3, 5 or 7-day payout cycle, with most requests processed the same day and a stated two-business-day maximum. The profit split starts at 80% and steps to 90% and 100% as cumulative profit milestones are hit — around the 30% mark, per third-party breakdowns.
Independent sentiment matches the design: five-star reviews overwhelmingly describe payouts arriving on schedule, while the negative tail describes account bans rather than missed payments. That is a meaningfully different complaint profile from firms whose disputes centre on payout-eligibility mathematics, such as Funding Pips’ 15% consistency rule. What could not be verified: the payout total and denial rate are the firm’s own figures, with no external reviewer attached, and no pass rate is published.
The rules that actually void accounts
The rulebook is short on the traps that fill complaint forums elsewhere. News trading is allowed, expert advisers are allowed, scalping is allowed, and there are no published consistency percentages on the standard programmes. Prohibited: arbitrage, cross-account hedging, platform exploits and high-frequency strategies.
The operative risk sits in one sentence of discretion: the firm bans traders it considers high-risk, and “high-risk” is not defined numerically in the published rules. Chief Executive Officer Simon Massey has framed the firm’s positioning as the opposite of restriction-stacking: “Our goal is to provide traders with the capital, tools, and flexibility they need to reach their full potential—without unnecessary restrictions,” he said in a published interview. The flexibility is real; so is the discretion that polices it. Traders running martingale-adjacent sizing or news-spike scalping at maximum leverage should assume they are the population the risk desk exists to remove.
Two design details deserve a sentence each. First, execution: pricing runs off Eightcap, an established retail broker, which matters because simulated accounts priced against a real broker’s feed produce fills closer to what a live account would see — the same structural argument that favours broker-backed Blueberry Funded over feed-less offshore operations. Second, the fee refund triggers at 10% profit on the funded account rather than at the first payout, which keeps the firm’s incentive aligned with traders surviving, not merely purchasing.
How Funded Trading Plus compares
| Term | Funded Trading Plus | Blueberry Funded | Funding Pips |
|---|---|---|---|
| First payout | Day 1 after first profitable trade + KYC | Bi-weekly cycle; 3 profitable days + $100 net | Selectable weekly to on-demand |
| Minimum payout | $50 | $100 net profit condition | Varies by cadence |
| Profit split | 80% → 100% at ~30% cumulative profit | 80% → 90% after 3 qualifying months + 4 payouts | 60–95% by payout frequency |
| Drawdown | 6–10% total, 4–5% daily, by plan | 10% static standard; 4% daily | Static on all challenge plans |
| Published transparency | $19.5m paid, 1.74% denial rate (self-reported) | Broker-backed (Blueberry Markets) | $260m+ via Payout Junction ledger |
Regulatory posture
Funded Trading Plus operates as FTP London Ltd, a UK-registered company founded in 2021 by Simon Massey and James Frangleton. It is not regulated by the Financial Conduct Authority or any other financial-services regulator — the funded-account product is an evaluation service, and accounts are simulated, with trade execution priced against Eightcap feeds across MT4, MT5, cTrader, DXTrade and Match-Trader. A five-year operating history is genuinely long for this industry — some reviewed competitors trade through entities barely a year old — but longevity is not a licence, and the wider rulebook remains unsettled as regulators diverge on how to treat prop firms.
FAQ
How fast is the first payout? Eligible from day one: one profitable trade plus completed KYC unlocks withdrawal requests at a $50 minimum. Most requests process the same day, with a stated maximum of two business days. No other firm in this cluster publishes a faster first-payout gate.
Is the 100% profit split real? Yes, but it is a milestone, not a starting rate. The split begins at 80% and steps up through 90% to 100% as cumulative profit targets — around 30% — are reached. Budget on 80% when comparing costs.
Is Funded Trading Plus regulated? No. FTP London Ltd is a UK company, not an FCA-licensed firm. Accounts are simulated and funded capital is the firm’s capital. The challenge fee buys an evaluation service.
What gets accounts banned? Arbitrage, cross-account hedging, platform exploits and HFT are prohibited outright. Beyond that, the firm applies a discretionary high-risk classification — undefined numerically — which is where most negative reviews originate.
Do I get the challenge fee back? Yes, refunded once the funded account reaches 10% profit, and also if the account is never traded within 14 days of purchase.
This review is independent editorial analysis and is not financial, investment, or trading advice, and is not an endorsement or solicitation. The Industry Spread has no affiliate or referral relationship with the firms covered. Proprietary trading challenges carry a fee that is generally non-refundable, most participants do not reach a funded account, and funded capital is the firm’s capital, not the trader’s. Terms change frequently — always verify current rules directly with the firm before paying any fee.
Abdelaziz Fathi
Abdelaziz Fathi covers the intersection of forex/CFD brokerage, regulation, liquidity, fintech, and digital assets. With a B.A. in Finance and hands-on industry exposure, Aziz blends analytical rigor with clear storytelling to make complex market structure understandable for traders, brokers, and fintech professionals.
