- Real accounts with up to $1,000,000 in genuine capital.
- Bi-weekly payouts with profit shares of 70% to 90%.
- 1:100 leverage for Standard challenge accounts.
- Permitted overnight positions and news trading.
- Exclusive benefits for Extended challenge accounts.
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 ❌
Funded Academy
- Lot size restrictions
- 1:10 leverage on Extended challenge accounts
- Monthly payouts on Extended challenge accounts
TopTier Trader
- Equity-driven drawdown on TopTier Plus accounts
- EAs are disallowed on TopTier accounts
- No weekend retention on regular TopTier accounts
Rules 📋
Funded Academy
Lot Size Limit, Maximum Daily Loss, Maximum Loss, No Weekend Holding, Profit Target, Stop Loss Required, Third Party Copy Trading Risk, Third Party EA 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
Funded Academy caters to traders with its offers of real accounts furnished with up to a stunning $1,000,000 in genuine capital. The prop firm sets itself apart with bi-weekly payouts and a generous profit share scale reaching from 70% up to 90%, a competitive offering in today's market. For traders who prefer a bit more leverage in their operations, the 1:100 leverage for Standard challenge accounts provided by Funded Academy can be particularly appealing. Notably accommodating, Funded Academy allows for overnight positions and news trading—an attractive feature for those who practice these trading strategies. For those fielding Extended challenge accounts, the firm also promises exclusive benefits, positioning it as a considerable choice for serious traders eyeing flexibility in their trading routines.
TopTier Trader at a Glance
Similarly commanding attention is TopTier Trader, a prop firm celebrated for its established leadership evident through a stellar 4.9/5 Trustpilot score amassed from over 2000 feedback entries. Offering financing up to $600,000 with a promising scaling model that could potentially lift a trader up to managing a $2M portfolio, TopTier Trader angles itself as a nurturing environment for growth. The revenue split oscillates between 80% and 90%, comparable with Funded Academy, accompanied by a liberal approach to market instruments—including forex, commodities, indices, and crypto—while also permitting trading during weekends and news events. TopTier Trader stands out with its broad instrument palette and its nod to flexibility in trading times.
Comparing the Cons
Despite these positives, traders considering Funded Academy should be mindful of potential drawbacks which would typically be discussed here, providing a fair and balanced evaluation. On the TopTier Trader side, while the drawdown on TopTier Plus accounts is equity-driven—a feature that can be double-edged depending on trading style—restrictions are more overt with a ban on EAs (Expert Advisors) on TopTier accounts, which could deter those who rely on automated trading strategies. Additionally, regular TopTier accounts do not enjoy the benefit of weekend position holding, possibly a drawback for certain trading strategies.
Evaluating the Rules
When entering either of these prop firms, understanding the trading parameters is crucial. Funded Academy implements a structured environment with lot size limits, specified maximum daily and overall loss thresholds, mandated stop losses, and profit targets. This structure extends to restrictions on third-party copy trading and EA risks. On the other hand, TopTier Trader, in addition to lot size and loss limits, sets forth explicit rules on maximum and minimum trading days, barring copy and EA trading altogether and prohibiting the Martingale strategy. These delineated rules may prove stifling for some traders, while others may find peace in the clearly set boundaries which aim to mitigate risk.
Deposit and Withdrawal Options
Financial transactions with Funded Academy can be executed using crypto, credit/debit cards, or Perfect Money, which offers a fair array of options. Withdrawals are solely via crypto, which means traders should be comfortable with digital currency transactions. TopTier Trader, on the other hand, aligns closely with Funded Academy in allowing credit/debit card and crypto deposits but offers an additional withdrawal method through Deel, expanding its financial flexibility for traders.
Account Diversity and Tradeable Instruments
Funded Academy offers an array of account sizes ranging from $10,000 to $1,000,000, enabling traders of varying capital thresholds to find an appropriate fit. The firm's tradeable instruments span across crypto, forex, indices, metals, and stocks, delivering a wholesome variety for different trading preferences. TopTier Trader does not fall short in terms of instruments, providing access to commodities along with the other staple markets and setting itself alongside Funded Academy as a versatile trading ground.
Final Critical Opinions
In summary, both Funded Academy and TopTier Trader hold distinguished places in the proprietary firm landscape with their unique propositions, extensive capital allocation, and trader-friendly profit sharing models. The decision between these two will ultimately depend on individual trader profiles—whether that's preference in instruments, flexibility with automated trading tools, or the particularities of trading rules one is willing to abide by. Transparency with potential cons, a thorough analysis of trading rules, along with the available financial services, becomes key in choosing the right fit. Thus, retail traders and potential users should weigh these critical insights to ascertain which firm aligns best with their trading ethos and ambitions.
