Introduction:
In the world of funded trading programs, traders often seek reliable and reputable firms that can provide them with opportunities to showcase their skills, access significant funding, and unlock trading success. In this comparison blog post, we will delve into the features, evaluation processes, funding opportunities, support systems, and overall worthiness of two renowned companies: TopTier Trader Funded Trading Program and FTMO Prop Trading Firm. As traders who have experienced both firms, we aim to provide an unbiased analysis to help you make an informed decision.
| Prop Firm Details | FTMO | TopTier Trader |
| Year Founded | 2014 | 2021 |
| Maximum Balance | $2,000,000 | $300,000 |
| Tradeable Assets | Forex Indices Metals Commodities Stocks Crypto |
Forex Indices Metals Commodities Crypto |
| Challenge Type | Two Step Evaluation | Two Step Evaluation |
| Trading Platforms | MT4 MT5 cTrader |
MT4 |
| Trading Hours | Holding Overnight Holding Over Weekend |
Holding Overnight Holding Over Weekend |
| Copy Trading | ✅ | ❌ |
| News Trading | ✅ | ✅ |
| EAs | ✅ | ✅ |
| Trust Pilot Rating⭐ | 4.9 / 5.0 | 4.8 / 5.0 |
| Trust Pilot Reviews | 4,408 | 2,575 |
| Payment Types | Wire Transfer Skrill Crypto Credit Card Google Pay Nuvei Checkout.com Confirmo |
Crypto Credit Card |
| Two Step Rules | FTMO | TopTier Trader |
| Profit Target Step 1 | 10% | 10% |
| Profit Target Step 2 | 5% | 5% |
| Max Daily Loss | 5% | ❌ |
| Max Daily Drawdown | ❌ | 5% |
| Max Loss | 10% | 10% |
| Max Drawdown | ❌ | ❌ |
| Min Trading Days Step 1 | 10 | 4 |
| Min Trading Days Step 2 | 10 | 4 |
| Max Trading Days Step 1 | 30 | 40 |
| Max Trading Days Step 2 | 60 | 60 |
| Profit Split | 80%, up to 90% | 80%, up to 90% |
Evaluation Process:
Both TopTier Trader and FTMO employ rigorous evaluation processes to identify skilled and disciplined traders. TopTier Trader utilizes a two-tier evaluation process, which includes meeting specific trading objectives, growing the trading account, and adhering to trading rules. On the other hand, FTMO offers a unique 2-step Evaluation Course, consisting of the FTMO Challenge and Verification stages, designed to identify trading talents. Both firms prioritize evaluating traders’ skills and discipline.
Funding Opportunities and Account Growth:
TopTier Trader offers flexibility and continuous growth opportunities for traders through their scaling plan. Traders can remotely manage funds and steadily increase their trading accounts as they demonstrate profitability, minimize losses, and maintain trading consistency. Similarly, FTMO provides traders with the opportunity to manage an FTMO Account with a balance of up to $400,000 upon successful completion of the evaluation course. Both firms offer funding opportunities and the potential for account growth.
Pricing and Refund Policy:
TopTier Trader has a clear pricing structure for its funding challenges, allowing traders to choose from different options based on their preferences. The fees associated with the challenges are refundable upon the trader’s first profit withdrawal from their funded account. FTMO also provides competitive profit splits and offers a payout system that can increase the account balance by 25% every 4 months, subject to meeting the conditions of the Scaling Plan. Both firms have transparent pricing and refund policies to ensure traders have a clear understanding of the costs involved.
Supportive Community and Resources:
TopTier Trader fosters a supportive community for traders through its Discord channel and blog, where traders can connect, share insights, and seek guidance from experienced traders. They also offer a comprehensive FAQ section and a dedicated help center to address any questions or concerns. Similarly, FTMO provides support to traders through account analysis, unbiased feedback, and a customer support team. They also offer educational resources through their Trading Academy, including tutorials, webinars, and collaborations with experienced traders and mentors. Both firms prioritize creating a supportive environment for traders.
Conclusion:
Both TopTier Trader Funded Trading Program and FTMO Prop Trading Firm offer valuable opportunities for traders to access funding, showcase their skills, and potentially earn substantial profits. TopTier Trader emphasizes flexibility, continuous growth, and a supportive community, while FTMO focuses on a comprehensive evaluation process, competitive profit splits, and educational resources. Ultimately, the choice between the two firms depends on individual preferences, trading objectives, and the desired level of support. We recommend carefully considering the features and offerings of each firm to determine which aligns best with your trading goals.
