- Instant funding with a single-phase evaluation and 4.6/5 Trustpilot rating.
- Supportive team allowing weekend/overnight positions and news trading.
- Zero commission on various assets, no swap charges, and swift payouts.
- 80% profit share, 1:100 leverage, and manage up to 3x $5,760,000.
TopTier Trader
- Established Leadership with 4.9/5 Trustpilot score from 2k+ feedbacks
- Financing up to $600,000 with scaling model to $2M
- 80% to 90% revenue division and 1:100 margin
- Comprehensive market instruments: forex, commodities, indices, and crypto
- Trading allowed during weekends and news events.
Cons ❌
FTUK
- Starting leverage of 1:10
- 2% Max stop loss risk limit
- Lot size consistency rule
TopTier Trader
- Equity-driven drawdown on TopTier Plus accounts
- EAs are disallowed on TopTier accounts
- No weekend retention on regular TopTier accounts
Rules 📋
FTUK
Lot Size Consistency, Maximum Loss, No Martingale Allowed, Profit Target, Stop Loss Required, Stop Loss Risk Per Position, Third Party Copy Trading Risk
TopTier Trader
Lot Size Limit, Maximum Daily Loss, Maximum Loss, Maximum Trading Days, Minimum Trading Days, No Copy Trading Allowed, No EAs Allowed, No Martingale Allowed, Profit Target
FTUK and TopTier Trader are two significant players in the realm of proprietary trading firms, offering retail traders a pathway to trade with significant capital. While FTUK stands out with its instant funding model and high Trustpilot rating, TopTier Trader boasts an established leadership and extensive market coverage, including cryptocurrencies. Both firms allow for flexibility in trading, enabling weekend and news event positions which are often restricted in standard trading accounts.
Funding and Profit Share Structure
FTUK offers an attractive starting point with its instant funding option, bypassing the traditional two-phase evaluation process. Its 80% profit share and leverage of up to 1:100 are competitive within the industry. Conversely, TopTier Trader provides a scaling funding model that grows with the trader's success, with the potential to manage up to $2 million and a profit share that ranges from 80% to 90% based on the plan chosen. Both models present distinct advantages, with FTUK catering to those who favor immediate fund access and TopTier Trader appealing to traders with a long-term growth perspective.
Trading Conditions and Asset Coverage
Both firms offer a diverse range of tradable instruments, including forex, indices, and metals. However, TopTier Trader extends its offering to the volatile and increasingly popular cryptocurrency market, which might be a significant draw for crypto-savvy traders. Furthermore, the zero-commission stance of FTUK, along with the absence of swap charges, may tip cost-conscious traders in their favor despite the latter’s slightly more comprehensive market instruments.
Trading Restrictions and Account Management
Each firm has a set of trading rules that could be seen as restrictive or protective depending on the trader's style and preferences. FTUK sets forth a lot size consistency rule and a maximum 2% stop loss risk limit, potentially limiting aggressive trading strategies. TopTier Trader's disallowance of Expert Advisors (EAs) and prohibition of weekend retention on regular accounts might be seen as a limitation for automated or weekend traders. However, such rules are designed to protect both the trader's and the firm's capital.
Capital and Profit Access
Deposits and withdrawals are straightforward with both firms, supporting credit/debit cards and cryptocurrency. However, FTUK also provides the additional withdrawal option via bank wire transfer. Considering capital access, the range of account sizes offered by FTUK can accommodate a broader spectrum of traders, from those starting with a smaller capital base to the more seasoned traders looking to manage significant funds.
Usability and Accessibility
In terms of user interface, both firms streamline their offerings through straightforward deposit methods, but FTUK's additional bank wire withdrawal method could be preferred by traders who prioritize traditional banking methods. Furthermore, account currency options with FTUK including EUR, GBP, and USD give it a slight edge over TopTier Trader in terms of flexibility for international traders.
Establishment and Reputation
While both firms were established relatively recently, with FTUK in December 2021 and TopTier Trader in October 2021, their Trustpilot ratings reflect a solid reputation in the market. With FTUK holding a 4.6/5 and TopTier Trader a slightly superior 4.9/5 score, it's evident that user satisfaction is high for both entities. This aspect carries substantial weight, as retail traders often rely on community feedback when choosing a trading partner.
Conclusion
In conclusion, FTUK and TopTier Trader each offer unique advantages to the retail trading community. FTUK's instant funding, combined with a high profit share and leverage, is a strong offering for traders looking to hit the ground running. TopTier Trader's scaling model and extensive instrument coverage satisfy those with a more gradual growth strategy mind. Ultimately, the choice between these two prop firms will hinge on personal trading preferences, strategy, and goals. Retail traders are encouraged to carefully weigh the pros and cons of each firm against their individual trading plans before committing to a partnership.
