In this article, we will be making a general and two-step comparison between FundedNext and TopTier Trader.
FundedNext & TopTier Trader Two-step Comparison
In this article, we will be making a general and two-step comparison between FundedNext and TopTier Trader. We will compare the two mentioned proprietary trading firms in general and what they are offering to forex traders worldwide.
Company Details
| Company Details | FundedNext | TopTier Trader |
|---|---|---|
| Incorporation Date | March 2022 | October 2021 |
| CEO | Abdullah Jayed | Quillan Roberto Black Nick Filipoff |
| Office Location | United Arab Emirates & Bangladesh | Delaware, United States |
| Maximum Allocation Capital | $300,000 | $600,000 |
FundedNext and TopTier Trader are both reliable and trustworthy proprietary trading firms. FundedNext was incorporated in March 2022, while TopTier Trader started operating in October 2021. When it comes to CEOs, Abdullah Jayed is the CEO of FundedNext, while TopTier Trader is being run by Quillan Roberto Black and Nick Filipoff. FundedNext has offices located in the United Arab Emirates and Bangladesh, while TopTier Trader has its headquarters in Delaware, United States. And lastly, when it comes to the maximum allocation capital, traders can manage $300k two-step evaluation accounts with FundedNext, while with TopTier Trader, traders can obtain funding up to $600k. Note that both proprietary trading firms also have a scaling plan.
Funding Program Options
| Funding Program Options | FundedNext | TopTier Trader |
|---|---|---|
| One-step Evaluation | ✅ | ❌ |
| Two-step Evaluation | ✅ | ✅ |
FundedNext and TopTier Trader both offer multiple funding programs to forex traders worldwide. FundedNext offers two one-step evaluations and two two-step evaluations. TopTier Trader, on the other hand, offers two two-step evaluations.
That being said, let’s take a look at the comparison of the two-step evaluation programs.
Two-step Comparison:
| Trading Rules/Objectives | FundedNext (Evaluation) | FundedNext (Stellar) | TopTier Trader (Standard) | TopTier Trader (Plus) |
|---|---|---|---|---|
| Phase 1 Profit Target | 10% | 8% | 10% | 8% |
| Phase 2 Profit Target | 5% | 5% | 5% | 5% |
| Daily Drawdown | 5% | 5% | 5% | 5% |
| Overall Drawdown | 10% | 10% | 10% | 8% |
| Leverage | 1:100 | 1:100 | 1:30 up to 1:100 | 1:100 |
| Minimum Trading Days | 5 calendar days | 5 calendar days | 4 calendar days | 4 calendar days |
| Trading Period | Step 1: 30 calendar days Step 2: 60 calendar days | Step 1: Unlimited Step 2: Unlimited | Step 1: Unlimited Step 2: Unlimited | Step 1: Unlimited Step 2: Unlimited |
| Profit Split | 80% up to 90% | 80% up to 90% | 80% | 80% up to 90% |
Now that we have covered all the rules and guidelines of the two-step evaluation. Let’s take a closer look at prices.
| Account Size | FundedNext (Evaluation) | FundedNext (Stellar) | TopTier Trader (Standard) | TopTier Trader (Plus) |
|---|---|---|---|---|
| $6,000 | $49 | $59 | ❌ | ❌ |
| $10,000 | ❌ | ❌ | $99 | $130 |
| $15,000 | $99 | $119 | ❌ | ❌ |
| $25,000 | $199 | $199 | $255 | $250 |
| $50,000 | $299 | $299 | $350 | $375 |
| $100,000 | $549 | $519 | $560 | $599 |
| $200,000 | $999 | $999 | $999 | $999 |
| $300,000 | ❌ | ❌ | $1,489 | $1,399 |
Brokers & Trading Platforms
After covering all the trading objectives, rules, and pricing, let’s take a closer look at brokers and trading platforms that we can use with each proprietary trading firm.
| FundedNext | TopTier Trader | |
|---|---|---|
| Broker | Incenteco, GrowthNext | ThinkMarkets |
| Trading Platform | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 |
Trading Instruments
Another important factor when comparing proprietary trading firms is trading instruments. Below you can see which trading instruments we can trade with FundedNext and TopTier Trader.
| Trading Instrument | FundedNext | TopTier Trader |
|---|---|---|
| Forex Pairs | ✅ | ✅ |
| Commodities | ✅ | ✅ |
| Indices | ✅ | ✅ |
| Crypto | ❌ | ✅ |
Community Feedback
The last topic we will go through is community feedback from FundedNext and TopTier Trader. We will be looking at feedback from Trustpilot regarding both proprietary trading firms.
| Trustpilot Statistics | FundedNext | TopTier Trader |
|---|---|---|
| Rating | 4.7/5 | 4.7/5 |
| Number of Reviews | 7,049 | 2,802 |
FundedNext has a rating of 4.7/5 out of a total of 7,049 reviews, while TopTier Trader has a rating of 4.7/5 out of 2,802 reviews. Based on the statistics, we can clearly see that FundedNext is the more popular proprietary trading firm at the moment.
Conclusion
In conclusion, FundedNext and TopTier Trader are two excellent proprietary trading firm choices for any trader. We can see some clear differences regarding the trading rules and objectives, prices, and community feedback. In addition, we can also see that there is a difference regarding funding program options since FundedNext offers the following four: two one-step evaluations and two two-step evaluations. On the other hand, TopTier Trader offers two two-step evaluations.
We will be ending the comparison with our special discount codes for each of the two compared proprietary trading firms. You can find both discount codes below!
FundedNext 10% discount code: FOREXPROPREVIEWS
TopTier Trader 20% active discount code: 63ka5k
This comparison was lastly updated on 17.11.2023 at 07:45 (CE(S)T).
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