My Forex Funds & TopTier Trader Two-step Comparison

In this article, we will be making a general and two-step comparison between My Forex Funds and TopTier Trader.

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In this article, we will be making a general and two-step comparison between My Forex Funds 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 DetailsMy Forex FundsTopTier Trader
Incorporation DateJuly 2020October 2021
CEOMurtuza KazmiQuillan Roberto Black
Nick Filipoff
Office LocationToronto, CanadaDelaware, United States
Maximum Allocation Capital2x $300,000$600,000

My Forex Funds and TopTier Trader are both reliable and trustworthy proprietary trading firms. My Forex Funds was incorporated in July 2020, while TopTier Trader started operating in October 2021. When it comes to CEOs, Murtuza Kazmi is the CEO of My Forex Funds, while TopTier Trader is being run by Quillan Roberto Black and Nick Filipoff. My Forex Funds has offices located in Toronto, Canada, while TopTier Trader has its headquarters in Delaware, United States. And lastly, when it comes to the maximum allocation capital, traders can manage 2x $300k two-step evaluation accounts with My Forex Funds, 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 OptionsMy Forex FundsTopTier Trader
One-step Evaluation
Two-step Evaluation
Instant Funding

My Forex Funds and TopTier Trader both offer multiple funding programs to forex traders worldwide. My Forex Funds offers a unique one-step evaluation, a two-step evaluation, and an instant funding program. 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/ObjectivesMy Forex FundsTopTier Trader (Standard)TopTier Trader (Plus)
Phase 1 Profit Target8%10%8%
Phase 2 Profit Target5%5%5%
Daily Drawdown5%5%5%
Overall Drawdown12%10%8%
Leverage1:1001:30 up to 1:1001:100
Minimum Trading Days5 calendar days4 calendar days4 calendar days
Trading PeriodStep 1: Unlimited
Step 2: Unlimited
Step 1: Unlimited
Step 2: Unlimited
Step 1: Unlimited
Step 2: Unlimited
Profit Split75% 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 SizeMy Forex FundsTopTier Trader (Standard)TopTier Trader (Plus)
$5,000$49
$10,000$84$99$130
$20,000$139
$25,000$255$250
$50,000$299$350$375
$100,000$499$560$599
$200,000$979$999$999
$300,000$1,389$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.

My Forex FundsTopTier Trader
BrokerTraders Global GroupOspreyFX
Trading PlatformMetaTrader 4, MetaTrader 5MetaTrader 4, MetaTrader 5, TradeLocker

Trading Instruments

Another important factor when comparing proprietary trading firms is trading instruments. Below you can see which trading instruments we can trade with My Forex Funds and TopTier Trader.

Trading InstrumentMy Forex FundsTopTier Trader
Forex Pairs
Commodities
Indices
Crypto

Community Feedback

The last topic we will go through is community feedback from My Forex Funds and TopTier Trader. We will be looking at feedback from Trustpilot regarding both proprietary trading firms.

Trustpilot StatisticsMy Forex FundsTopTier Trader
Rating4.8/54.7/5
Number of Reviews16,9132,761

My Forex Funds has a rating of 4.8/5 out of a total of 16,913 reviews, while TopTier Trader has a rating of 4.7/5 out of 2,761 reviews. Based on the statistics, we can clearly see that My Forex Funds is the more popular proprietary trading firm at the moment.

Conclusion

In conclusion, My Forex Funds 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 My Forex Funds offers the following three: one-step evaluation, two-step evaluation, and instant funding. 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!

My Forex Funds 5% active discount code: forexpropreviews5

TopTier Trader 5% active discount code: TMZ2IGAINC

This comparison was lastly updated on 11.08.2023 at 12:57 (CE(S)T).

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