Comparison between FundedNext & Top Tier Trader

In this article, we will go through what FundedNext and Top Tier Trader have to offer. We will compare the firms in general and what they offer to forex traders.

1. Company incorporation

	FundedNext	Top Tier Trader
Incorporation date	March 2022	October 2021💚

FundedNext and Top Tier Trader are legitimate proprietary trading firms. FundedNext was incorporated in March 2022. Top Tier Trader, on the other hand, was incorporated in October 2021. Both proprietary trading firms are relatively new, however, despite the short period they are operating, they have made an excellent reputation for themselves and are attracting attention from forex traders worldwide.

2. Funding program options

Funding program options	FundedNext	Top Tier Trader
One-phase evaluation	✅	❌
Two-phase evaluation	✅	✅

FundedNext and Top Tier Trader have the following funding program options that their community can choose from. FundedNext has a one-phase evaluation and two-phase evaluation, while Top Tier Trader only has a two-phase evaluation.

Let’s look at the comparison between the two-phase evaluation since both proprietary trading firms are offering it.

Two-phase funding program comparison:

Rule/Guideline	FundedNext	Top Tier Trader	Top Tier Trader Plus
Phase 1 profit target	10%	10%	8%💚
Phase 2 profit target	5%	5%	5%
Daily drawdown	5%	5%	5%
Overall drawdown	10%💚	10%💚	8%
Leverage	1:100	1:30 or 1:100	1:100
Minimum trading days	5 calendar days💚	7 calendar day	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	80% up to 90%💚	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	FundedNext	Top Tier Trader	Top Tier Trader Plus
$15,000	$99	❌	❌
$25,000	$199💚	$255	$250
$50,000	$299💚	$350	$375
$100,000	$549💚	$560	$599
$200,000	$999💚	$999💚	$999💚
$300,000	❌	❌	$1,399

3. Broker and trading platform

Now that we have gone through all of the funding programs that they are offering. Let’s compare which brokers and trading platforms you can use with each prop trading firm.

	FundedNext	Top Tier Trader
Broker	Eightcap	Vital Markets
Trading platform	MetaTrader 4	MetaTrader 4, MetaTrader 5💚

4. Trading instruments

Another important factor are trading instruments. Let’s see which trading instruments you can trade with FundedNext and which with Top Tier Trader.

Trading instrument	FundedNext	Top Tier Trader
Forex pairs	✅	✅
Commodities	✅	✅
Indices	✅	✅
Crypto	❌	✅

5. Traders’ comments

The last thing we will go through is the feedback from FundedNext and Top Tier Trader prop firms. The reviews we will be looking at are from Trustpilot.

Trustpilot statistics	FundedNext	Top Tier Trader
Rating	4.4/5	4.9/5💚
Number of reviews	279	1,990💚

FundedNext has a rating of 4.4/5, while Top Tier Trader has 4.9/5. However, the number of reviews differs immensely. FundedNext has only 279 reviews, while Top Tier Trader has 1,990. One of the reasons behind such a significant difference is that FundedNext has just started operating in March 2022.

6. Conclusion

In conclusion, FundedNext and Top Tier Trader are two excellent proprietary trading firms. The main difference between them would be the incorporation date since FundedNext has just started operating in March 2022 The difference can be easily seen from the reviews on Trustpilot. Besides that, the other significant difference would be the funding options. FundedNext offers two: one-phase and two-phase evaluation, while Top Tier Trader only has a two-phase evaluation.

Check our discount codes about the presented proprietary trading firms to end the comparison:

FundedNext 5% active discount code: FOREXPROPREVIEWS

Top Tier Trader 5% discount code: TMZ2IGAINC

This comparison was lastly updated on 21.11.2022 at 10:26 (CE(S)T).