There are only three prop firms that we can trust at the moment in the industry with clear rules and guidelines which are not meant to fail you every single time.
These are the three industry-leading prop firms
- FTMO
- Funded Trading Plus UK
- Audacity Capital UK
We will break down why we think these are the best funded programs and we will go deep with each of them separately.
Here is how we have ranked them, the criteria being
Company registration, balance in company accounts, established year, Trustpilot reviews, Facebook Reviews and LinkedIn Profiles of the owners and company. We have done all these checks before commenting on each of this companies, and we will provide clear reasoning why they are the best of the best in the prop firm industry.
Funded Trading Plus (FTP)
Based on company records they are registered as FTP London Ltd with registration number of 13719292. Under the nature of business code 82990 – Other business support service activities not elsewhere classified. Since they have incorporated in 2nd of November 202. they had a quite a lot fillings on 14 Nov 2023
14 Nov 2023 | Notification of Cmf Assets Limited as a person with significant control on 17 February 2023 | |
14 Nov 2023 | Cessation of James Anthony Frangleton as a person with significant control on 17 February 2023 | |
14 Nov 2023 | Cessation of Michael Christopher Cogswell as a person with significant control on 17 February 2023 | |
14 Nov 2023 | Cessation of Simon Paul Massey as a person with significant control on 17 February 2023 |
Source: https://find-and-update.company-information.service.gov.uk/company/13719292
Which is a good thing, since it shows activity and company is actively engaging in fund raising.
Based on the company account disclosure which has filled on the 26th July 2023, accounts till 30th November 2022 they have about ยฃ3,833,175 in GBP. which is a excellent in every possible way with Total Net assets at ยฃ2,532,097. so they can fund traders with actual capital.
Now that we established they are well positioned company, they recent appointment of FRANGLETON, James Anthony is currently holding 6 appointments, currently acting as the Director of Operations.
They seems to have transferred the ownership of the company to CMF assets Limited which is owned by
they act as the Directors with more than 25% ownership stake.
However, there is a Mr Michael Cogswell who is acting as silent partner who owns more than 25% but less than 50% shares and voting rights.
so we can safely give 9.5/10, 0.5 reduction is because of the transfer of ownership to a Ltd entity.
Trustpilot
Based on Trustpilot they have about 4.7/5 with less than 2% in 1- star reviews which is excellent for a company this large in the industry. Based on the 1 start reviews it is clear that most of them talk about futures Vs CFD, they really have understand futures are not for everyone since it expensive for both sides, and they talk about using CME as broker which is very hard to offer to the whole world. If you are from UK or US you can offer CME as broker.
So we can give 9/10, reduction is because of lack of reply quick reply from the company which could be result of recent turmoil in the industry and they might have had to shift staff around. which is understandable.
Based on Facebook, they have about 23,000 followers as of writing this article, they too have removed the review option on Facebook thus could be result of fake reviews of scammers of their crypto projects being published as a review on Facebook. The engagement from follower are fairly consistent.
So we can give a bro score of 7.5/10 since the review option is missing.
On LinkedIn, they don’t really have a good exposure, but do have about 437 followers with 11-50 showing. they have increased the headcount to 10% within 6 month period with median tenure of 1.2 years which is showing signs of a growing company. However, they lack posts about the company.
So based on the analysis we can give a bro score of 5/10 since we can come to conclusion, if the company page on LinkedIn is real or not.
Based on our analysis we can give a bro score of 7.75/10, Since the Facebook review option is missing from the page and not active LinkedIn page.
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