FundedNext & TopTier Trader Two-step Comparison
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Welcome to our comparison between FundedNext and TopTier Trader, where we will compare all the major aspects of each company. We will be looking into the companies themselves as well as the two-step evaluations that both offer to traders from all across the globe.
Company Details
| Company Details | FundedNext | TopTier Trader |
|---|---|---|
| Incorporation Date | March 2022 | October 2021 |
| CEO | Abdullah Jayed | Dave Guttman |
| Office Location | United Arab Emirates & Bangladesh | Delaware, United States |
| Scaling Plan |  | |
FundedNext and TopTier Trader are two reputable and trustworthy proprietary trading firms. FundedNext was incorporated in March 2022 while being managed by their CEO, Abdullah Jayed. They have their offices located in the United Arab Emirates and Bangladesh. TopTier Trader, on the other hand, was incorporated in October 2021 while being managed by its CEO, Dave Guttman. Additionally, their offices are also located in Delaware, United States.
Funding Program Options
| Funding Program Options | FundedNext | TopTier Trader |
|---|---|---|
| One-step Evaluation | |  |
| Two-step Evaluation | | |
FundedNext provides their traders with an opportunity to choose between six funding programs to acquire funding, three two-step evaluations and three one-step evaluations. TopTier Trader, on the other hand, allows its traders to acquire funding after passing their two-step evaluation.
Two-step Comparison:
| Trading Objectives | Two-step Stellar | Stellar Lite | Evaluation Model | TopTier Challenge |
|---|---|---|---|---|
| Phase 1 Profit Target | 8% | 8% | 10% | 10% |
| Phase 2 Profit Target | 5% | 4% | 5% | 5% |
| Daily Drawdown | 5% | 4% | 5% | 5% |
| Overall Drawdown | 10% | 8% | 10% | 10% |
| Minimum Trading Days | 5 Calendar Days | 5 Calendar Days | 5 Calendar Days | 4 Calendar Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: 4 Weeks Phase 2: 8 Weeks | Phase 1: Unlimited Phase 2: Unlimited |
| Leverage | 1:100 | 1:100 | 1:100 | 1:50 (1:100 with Add-on) |
| Profit Split | 80% up to 95% | 80% up to 95% | 80% up to 95% | 80% (90% with Add-on) |
After covering the trading objectives of each company’s two-step evaluations, let’s take a look at the account sizes and costs of these two-step evaluations.
| Account Size | Two-step Stellar | Stellar Lite | Evaluation Model | TopTier Challenge |
|---|---|---|---|---|
| $5,000 | | $32 | | $65 |
| $6,000 | $59 | | $49 | |
| $10,000 | | $59 | | $129 |
| $15,000 | $119 | | $99 | |
| $25,000 | $199 | $139 | $199 | $229 |
| $50,000 | $299 | $229 | $299 | $335 |
| $100,000 | $519 | $399 | $549 | $499 |
| $200,000 | $999 | | $999 | $975 |
| $300,000 | | | | $1,345 |
Brokers & Trading Platforms
Now that we have addressed the trading objectives, account sizes, and costs associated with FundedNext and TopTier Trader, it’s time to examine the brokers and trading platforms compatible with each proprietary trading entity.
| Â | FundedNext | TopTier Trader |
|---|---|---|
| Broker | FundedNext Server | ThinkMarkets |
| Trading Platform | MetaTrader 4, MetaTrader 5, cTrader | TradeLocker |
Trading Instruments
Another important aspect to compare between proprietary trading firms is trading instruments. In the spreadsheet below, you will be able to learn which trading instrument types can be traded with FundedNext and which with TopTier Trader.
| Trading Instrument | FundedNext | TopTier Trader |
|---|---|---|
| Forex Pairs | | |
| Commodities | | |
| Indices | | |
| Cryptocurrencies | | |
Community Feedback
The last topic we will cover is community feedback from FundedNext and TopTier Trader. The statistics are taken from the Trustpilot page of each of the mentioned companies.
| Trustpilot Statistics | FundedNext | TopTier Trader |
|---|---|---|
| Rating | 4.5/5 | 4.2/5 |
| Number of Reviews | 18,332 | 3,808 |
| 5-Star Ratings | 83% | 87% |
FundedNext has an excellent rating of 4.5/5. This is out of a total of 18,332 reviews, where 83% of them are rated as 5 stars. TopTier Trader, on the other hand, has a great rating of 4.2/5. However, this is out of a total of 3,808 reviews, where 87% of them are rated as 5 stars.
Conclusion
In conclusion, FundedNext and TopTier Trader are two incredible choices within the proprietary trading firm industry. We can clearly see there are numerous differences within the compared proprietary trading firms, such as trading objectives, account sizes, costs, and community feedback. In addition, there is also a major difference within the funding programs that each of the companies are offering. FundedNext has three two-step evaluations and three one-step evaluations, while TopTier Trader has a two-step evaluation.
This concludes our comparison between FundedNext and TopTier Trader. If either of the compared proprietary trading firms sparked an interest, we have prepared a unique discount code, which you can apply while purchasing an evaluation to make it even more affordable!
FundedNext 5% discount code:Â FOREXPROPREVIEWS
TopTier Trader 20% active discount code: 63ka5k
Our comparison between FundedNext and TopTier Trader was last updated on 19.06.2024 at 11:38 (CE(S)T).
