Funded Futures Network vs Funded Trading Plus_ Which is Better
Overview of Funded Futures Network and Funded Trading Plus
When it comes to prop trading firms offering funded futures accounts, traders often find themselves comparing different companies to determine which one suits their trading style and financial goals best. Two prominent names in this domain are Funded Futures Network and Funded Trading Plus. Both firms provide unique opportunities for traders to access capital, but they differ in structure, evaluation methods, risk management, and payout schemes. This review will dive deep into these differences and help traders make an informed choice regarding which is better for their futures trading journey.
Funded Futures Network: Company Background and Offering
Funded Futures Network is a proprietary trading firm primarily focused on futures markets. They have built their reputation by offering funded accounts to traders after a clear evaluation process that assesses both skill and risk management. One of the key features is their straightforward evaluation stage, which tests traders on consistency and discipline, rather than sheer volume or speed of trading.
The firm provides access to a diverse range of futures instruments, including indices, commodities, and energy contracts, appealing to traders with different strategies. Funded Futures Network prides itself on transparent rules and supportive community engagement, which helps traders improve while minimizing fees and unnecessary hurdles.
Funded Trading Plus: Company Background and Offering
Funded Trading Plus is another well-known funded trading platform focusing on futures traders. Its model emphasizes a comprehensive evaluation phase that involves simulated trading followed by funding upon successful completion. The firm offers multiple account sizes and customized models to cater to traders of different experience levels and risk appetites.
Like Funded Futures Network, Funded Trading Plus trades a wide array of futures contracts. They also highlight their extensive educational resources and performance tracking tools, aiming to help traders improve rapidly. Their payout structure and scaling plan are designed to motivate long-term engagement with the firm.
Evaluation Process Comparison
One of the most critical aspects when choosing a prop trading firm is the evaluation process. Funded Futures Network adopts a straightforward challenge model requiring traders to meet profit targets within set drawdown limits on a single step evaluation. This simplicity appeals to traders looking for a clear, quick path to funding without multiple phases or complicated rules.
In contrast, Funded Trading Plus often involves a two-step evaluation process—initial challenge and verification—before traders receive funded status. This longer path can be a benefit for traders who want multiple opportunities to prove consistency and manage risk over different phases. However, it can also mean paying evaluation fees multiple times.
Risk Management and Trading Rules
Effective risk management rules are vital for any funded trading program. Funded Futures Network enforces clear drawdown limits and daily max loss rules, focusing heavily on discipline to protect both the trader and the firm’s capital. The firm encourages steady progress rather than precision scalping or aggressive trading styles, making it ideal for those who prioritize stable growth.
Funded Trading Plus also sets firm risk parameters, including maximum daily losses and maximum open position limits. Their rules tend to be a bit more flexible depending on the account type but may include restrictions on certain high-risk setups. Traders who prefer more defined rules and phased progress might appreciate the structured approach found at Funded Trading Plus.
Account Scaling and Payout Structure
Scaling opportunities and profit sharing are among the most attractive features of funded futures programs. Funded Futures Network offers competitive profit splits that start at 80%-90% depending on account size and performance. Their scaling model rewards consistent profitability by allowing traders to access progressively larger capital allocations without requalification, which encourages long-term growth.
Funded Trading Plus provides a similar profit sharing structure but typically starts at a 70% profit split, improving as traders meet scaling criteria over time. Their scaling process usually requires passing additional evaluation steps to unlock bigger account sizes. Some traders may find this restrictive, especially if they prefer a more continuous growth path rather than requalifications.
Platform and Tools
Technology and trading environment play a crucial role for any futures trader. Funded Futures Network allows traders to use most popular futures platforms, ensuring flexibility and comfort. The firm focuses on offering seamless integration with industry-standard software and real-time data access.
Funded Trading Plus also supports multiple platforms but often encourages usage of their proprietary or recommended platforms optimized for their trading infrastructure. They provide detailed performance analytics and community-driven resources to assist traders in sharpening their edge.
Fee Structure and Costs
Cost is an essential consideration for traders joining funded programs. Funded Futures Network offers a transparent fee structure with a one-time challenge fee that varies depending on the account size selected. There are typically no hidden monthly fees or ongoing subscription costs, making it affordable and accessible for beginner and intermediate traders.
Funded Trading Plus usually charges evaluation fees per phase and additional renewal fees if traders don’t meet targets within set timeframes. Depending on how quickly traders progress, this could increase the overall cost to reach a funded status, particularly if multiple attempts are needed.
Community and Support
Support and community involvement can help traders stay motivated and improve faster. Funded Futures Network offers active community engagement via social media and direct support channels, aiming to foster collaboration and shared learning. Their support team is known for responsiveness and trader-centric policies.
Funded Trading Plus also maintains strong educational support, including webinars, coaching, and forums, which can be very useful for traders who prioritize learning resources and mentorship during their funded journey.
Which One is Better for You?
Deciding between Funded Futures Network and Funded Trading Plus ultimately depends on individual preferences, trading style, and goals. If you value a straightforward, quick evaluation process with minimal ongoing costs and prefer a simple scaling path, Funded Futures Network may be the better choice. Its strong focus on discipline and steady growth aligns well with many futures traders seeking consistent profitability without complex rules.
On the other hand, if you prefer a comprehensive evaluation process, detailed educational resources, and don’t mind investing more time and possibly money in phased evaluations, Funded Trading Plus could be advantageous. Their structured scaling and community offerings are appealing for traders wanting incremental validation and a support-rich environment.