In this article, we will compare Finotive Funding and Top Tier Trader in general and what they offer to forex traders.
In this article, we will compare Finotive Funding and Top Tier Trader in general and what they offer to forex traders.
In this article, we will go through what Finotive Funding and Top Tier Trader have to offer. We will compare the firms in general and what they offer to forex traders.
1. Company incorporation
Finotive Funding | Top Tier Trader | |
Incorporation date | April 2021 | October 2021π |
Finotive Funding and Top Tier Trader are legitimate proprietary trading firms. Finotive Funding was incorporated in April 2021. Top Tier Trader, on the other hand, was incorporated in October 2021. Finotive Funding and Top Tier Trader are both relatively new proprietary trading firms that are attracting traders worldwide.
2. Funding program options
Funding program options | Finotive Funding | Top Tier Trader |
Two-phase evaluation | β | β |
Direct Funding | β | β |
Finotive Funding and Top Tier Trader have the following funding program options that their community can choose from. Finotive Funding offers a two-phase evaluation and direct funding, while Top Tier Trader only offers a two-phase evaluation.
Letβs look at the comparison between the two-phase evaluation since both proprietary trading firms are offering it.
Two-phase funding program comparison:
Rule/Guideline | Finotive Funding | Top Tier Trader | Top Tier Trader Plus |
Phase 1 profit target | 7.5%π | 10% | 8% |
Phase 2 profit target | 5% | 5% | 5% |
Daily drawdown | 5% | 5% | 5% |
Overall drawdown | 10% | 10% | 8% |
Leverage | 1:100 up to 1:400π | 1:30 or 1:100 | 1:100 |
Minimum trading days | 5 calendar daysπ | 7 calendar days | 7 calendar days |
Phase 1 trading period | 30 calendar days | 30 calendar days | 30 calendar days |
Phase 2 trading period | 60 calendar days | 60 calendar days | 60 calendar days |
Profit split | 75% up to 95%π | 80% | 80% up to 90% |
Now that we have gone through their rules and guidelines for their two-phase evaluation challenges we are going to go through pricing for different account sizes.
Account size | Finotive Funding | Top Tier Trader | Top Tier Trader Plus |
$2,500 | $50 | β | β |
$5,000 | $75 | β | β |
$10,000 | $100 | β | β |
$25,000 | $150π | $275 | $250 |
$50,000 | $300π | $400 | $375 |
$100,000 | $500π | $625 | $599 |
$200,000 | $950π | $1,099 | $999 |
$300,000 | β | β | $1,399 |
3. Broker and trading platform
Now that we have gone through all of the funding programs that they are offering. Letβs compare which brokers and trading platforms you can use with each prop trading firm.
Finotive Funding | Top Tier Trader | |
Broker | Finotive Markets | Vital Markets |
Trading platform | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 |
4. Trading instruments
Another important factor are trading instruments. Letβs see which trading instruments you can trade with Finotive Funding and which with Top Tier Trader.
Trading instrument | Finotive Funding | Top Tier Trader |
Forex pairs | β | β |
Commodities | β | β |
Indices | β | β |
Crypto | β | β |
5. Traders’ comments
The last thing we will go through is the feedback from Finotive Funding and Top Tier Trader prop firms. The reviews we will be looking at are from Trustpilot.
Trustpilot statistics | Finotive Funding | Top Tier Trader |
Rating | 4.3/5 | 4.9/5π |
Number of reviews | 83 | 1,990π |
Finotive Funding has a rating of 4.3/5, while Top Tier Trader is 4.9/5. However, the number of reviews differs immensely. Finotive Funding has only 83 reviews, while Top Tier Trader has 1,990.
6. Conclusion
In conclusion, Finotive Funding and Top Tier Trader are two excellent proprietary trading firms. The difference can be easily seen in the reviews on Trustpilot. Besides that, the other significant difference would be the funding options. Finotive Funding offers a two-phase evaluation and direct funding, while Top Tier Trader has a two-phase evaluation.
Check our discount codes about the presented proprietary trading firms to end the comparison:
Finotive Funding 5% discount code + 5% increased profit split: FOREXPROPREVIEWS
Top Tier Trader 5% discount code: TMZ2IGAINC
This comparison was lastly updated on 21.11.2022 at 10:32 (CE(S)T).