Introduction:
Welcome to WhichFunded’s comparative analysis of two renowned funded trading programs: TakeProfitTrader and FundedNext. As experienced traders who have had the opportunity to trade with both firms, we aim to provide an unbiased assessment of their key features, benefits, and overall trading experience. Join us as we delve into a comprehensive comparison of these two funding programs.
| Prop Firm Details | Funded Next | Take Profit Trader |
| Year Founded | 2022 | 2022 |
| Maximum Balance | $4,000,000 | $150,000 |
| Tradeable Assets | Forex Indices Metals Commodities |
Equity Futures Forex Futures Agricultural Futures Energy Futures Interest Rate Futures Metals Futures |
| Challenge Type | One-Step Evaluation Two Step Evaluation |
One-Step Evaluation |
| Trading Platforms | MT4 | NinjaTrader Rithmic InsideEdge Trader Volfix ATAS Medved Trader Quantower TradeNavigator SierraChart Photon MotiveWave RInvestor Bookmap X-Ray Jigsaw Daytradr |
| Trading Hours | Holding Overnight Holding Over Weekend |
❌ |
| Copy Trading | ✅ | ❌ |
| News Trading | ❌ | ❌ |
| EAs | ✅ | ❌ |
| Trust Pilot Rating⭐ | 4.6 / 5.0 | 4.3 / 5.0 |
| Trust Pilot Reviews | 3,923 | 317 |
| Payment Types | Wire Transfer Paylpal Crypto Payoneer Coinbase Revolut Wise |
Paylpal Credit Card |
| One Step Rules | FundedNext | Take Profit Trader |
| Profit Target | 25% | 6% |
| Max Daily Loss | 5% | 2% |
| Max Daily Drawdown | ❌ | ❌ |
| Max Loss | 10% | 6% – 3% |
| Max Drawdown | ❌ | ❌ |
| Minimum Trading Days | 10 | 20 |
| Maximum Trading Days | ❌ | ❌ |
| Profit Split | 60%, up to 90% | 80% |
Funding Process:
TakeProfitTrader and FundedNext follow different approaches to the funding process. TakeProfitTrader offers a streamlined process, allowing traders to select their preferred asset class, prove their trading skills, start earning real money, and easily withdraw profits into their accounts. On the other hand, FundedNext employs a two-phase evaluation model where traders showcase their abilities and achieve profit targets to gain access to a funded account. Both programs offer clear paths to becoming funded traders, with FundedNext providing a more structured approach and TakeProfitTrader emphasizing efficiency.
Risk Management:
Discipline and risk management are vital aspects of successful trading. TakeProfitTrader incorporates a robust risk management system and rules to promote responsible trading practices. This feature helps traders stay disciplined during trades and mitigates the risk of significant losses. FundedNext, on the other hand, focuses on reliable trading conditions by calculating the maximum daily drawdown based on traders’ balance rather than equity. This ensures a more reliable trading environment and aligns with FundedNext’s commitment to being a reliable prop firm.
Profit Sharing and Payouts:
Both TakeProfitTrader and FundedNext offer attractive profit-sharing options to incentivize traders. TakeProfitTrader provides traders with 80% of the profits, allowing them to withdraw earnings promptly. FundedNext, however, stands out by offering a generous profit sharing of up to 15% from the profit traders make during the challenge phases. This demonstrates FundedNext’s dedication to delivering competitive payout bonuses in the industry. Additionally, FundedNext introduces the Stellar Challenge, where top-performing traders can earn a 15% profit share.
Capital Support and Community:
TakeProfitTrader and FundedNext recognize the importance of ample capital and a supportive trading community. TakeProfitTrader offers traders the opportunity to access sufficient trading capital, leveling the playing field and increasing the chances of success. They also foster a sense of community through their private Discord channel where traders can connect, share insights, and access free education provided by experienced head traders. FundedNext, on the other hand, provides comprehensive funding models and a supportive environment to empower traders worldwide.
Conclusion:
In conclusion, both TakeProfitTrader and FundedNext funded trading programs have their unique strengths and features. TakeProfitTrader emphasizes simplicity, efficiency, and risk management, providing traders with a clear path to profitability. FundedNext, on the other hand, stands out with its structured evaluation model, attractive profit-sharing options, and the Stellar Challenge for top performers. Ultimately, the choice between these two programs depends on individual preferences, trading style, and goals. Whichever program traders opt for, both TakeProfitTrader and FundedNext offer reliable platforms to pursue profitable trading careers.
