Introduction:
In today’s blog post, we will provide a comprehensive comparison between two prominent funded trading programs: Topstep Funded Trading Program and FundedNext Funded Trading Program. As experienced traders who have had the opportunity to trade with both firms, we at WhichFunded aim to shed light on the similarities, differences, and notable features of these programs. Let’s dive in!
| Prop Firm Details | Funded Next | TopStep |
| Year Founded | 2022 | 2010 |
| 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 |
Two Step Evaluation |
| Trading Platforms | MT4 | Web NinjaTrader Tradovate Rithmic Volfix ATAS Quantower TradeNavigator SierraChart MultiCharts MotiveWave RInvestor Bookmap |
| Trading Hours | Holding Overnight Holding Over Weekend |
❌ |
| Copy Trading | ✅ | ✅ |
| News Trading | ❌ | ✅ |
| EAs | ✅ | ✅ |
| Trust Pilot Rating⭐ | 4.6 / 5.0 | 4.9 / 5.0 |
| Trust Pilot Reviews | 3,923 | 1,558 |
| Payment Types | Wire Transfer Paylpal Crypto Payoneer Coinbase Revolut Wise |
Wire Transfer Paylpal Crypto Payoneer Coinbase Revolut Wise Credit Card |
Program Structure and Evaluation Process:
Both Topstep and FundedNext offer structured evaluation processes to assess traders’ skills and suitability for funded accounts. Topstep features its Trading Combine®, a simulated trading evaluation that tests traders under real market conditions. FundedNext, on the other hand, employs an Evaluation Model where traders embark on a two-phase process to showcase their trading abilities and achieve profit targets. Both programs provide an opportunity for traders to prove their skills and progress in their trading journey.
| Two Step Rules | FundedNext | TopStep |
| Profit Target Step 1 | 10% | 6% |
| Profit Target Step 2 | 5% | 6% |
| Max Daily Loss | 5% | 2% |
| Max Daily Drawdown | 5% | ❌ |
| Max Loss | 10% | ❌ |
| Max Drawdown | 10% | 3% – 4% |
| Min Trading Days Step 1 | 5 | 5 |
| Min Trading Days Step 2 | 5 | ❌ |
| Max Trading Days Step 1 | 30 | ❌ |
| Max Trading Days Step 2 | 60 | ❌ |
| Profit Split | 80%, up to 90% | 90% |
Account Sizes and Pricing:
Topstep offers different Trading Combine® account sizes, ranging from $50,000 to $150,000 in buying power, providing flexibility for traders of varying experience levels. FundedNext also offers distinct funding models with different account sizes, allowing traders to choose the one that aligns with their goals. Both programs cater to traders with different capital requirements and trading aspirations.
Profit Split and Payout Policy:
Topstep stands out with its 90/10 profit split, allowing traders to take home 100% of their first $10,000 in profits and 90% thereafter. FundedNext offers profit-sharing options as well, with up to 15% profit share from the challenge phases. Both firms have straightforward payout policies, ensuring traders are fairly rewarded for their performance.
Additional Benefits and Support:
Both Topstep and FundedNext offer additional benefits and support to their funded traders. Topstep provides a Funded Trader Certificate and a First Payout Bonus, while FundedNext introduces the Stellar Challenge and attractive profit-sharing options. Traders in both programs can access educational resources, coaching sessions, and community interaction platforms to enhance their trading skills.
Educational Resources and Coaching:
Topstep and FundedNext both prioritize the education and development of their traders. They offer coaching sessions with experienced professionals, personalized stats and tips, and dedicated chat rooms for community interaction. Traders can benefit from free coaching options and a structured framework to develop consistent trading routines.
Guarantee and Support:
Both firms are committed to providing comprehensive support to their traders. Topstep offers proven funding, faster payouts, and access to a trade desk and Kick-Ass Trader Support. FundedNext emphasizes reliable trading conditions and a balance-based drawdown calculation. Traders in both programs can rely on ongoing guidance and support through educational courses and live trading broadcasts.
Conclusion:
In conclusion, both the Topstep Funded Trading Program and the FundedNext Funded Trading Program offer valuable opportunities for traders to pursue their trading aspirations. While Topstep excels in its profit split and payout policy, FundedNext stands out with its funding models and attractive profit-sharing options. Ultimately, the choice between these programs depends on individual preferences, trading style, and goals.
At WhichFunded, we believe in providing traders with the necessary information to make informed decisions about their trading journey. We hope this comparative analysis has shed light on the key features and differences between Topstep and FundedNext. Happy trading!
