Funded Trading Plus vs TopTier Trader

Funding and Profit Split Comparison

Funded Trading Plus stands out with its impressive offer of up to $2,500,000 in capital for skilled traders. This generous amount is a significant advantage for those who have the skills to manage such large funds and wish to scale their trading careers. Coupled with a high profit split of up to 90%, this firm positions itself as a lucrative option for traders aiming for maximum earnings. In comparison, TopTier Trader also offers a robust program, with initial financing up to $600,000 and the possibility of scaling up to $2 million. The profit split varies between 80% to 90%, with the higher end being on par with Funded Trading Plus.

Market Access and Trading Conditions

Both prop firms provide comprehensive access to various trading instruments, including forex, commodities, indices, cryptocurrencies, and metals. What differentiates the two is their approach to trading conditions. Funded Trading Plus allows for highly flexible trading with no day restrictions, enabling traders to hold positions overnight and trade during news events. In contrast, TopTier Trader, despite allowing weekend and news event trading, has stringent rules like lot size limits and prohibitions on certain trading strategies, such as the use of EAs (Expert Advisors) or the Martingale method on TopTier accounts.

Trading Rules and Restrictions

Trading rules are a vital component to consider for prospective traders. Funded Trading Plus enforces rules regarding maximum daily loss, maximum trailing drawdown, and profit targets, among others. While these rules are designed to mitigate risk, they could also restrict trading strategies. On the other side, TopTier Trader’s set of rules includes lot size limitations, maximum trading days, and bans on copy trading and EAs, highlighting a more controlled trading environment. Traders need to weigh these restrictions against their personal trading style to decide which prop firm's framework aligns better with their strategies.

Deposits and Withdrawals

Traders will find convenience in the deposit and withdrawal methods offered by both firms, as they accept traditional credit/debit cards and more modern crypto options. Withdrawal options are equally accommodating, with both firms utilizing crypto and Deel, a payment platform that caters to international transactions.

Account Offerings and Ease of Scaling

Diversity in account sizes can be crucial for traders seeking an entry point that matches their comfort level and experience. Funded Trading Plus has a wide range of account sizes, starting from $5,000 up to $200,000, which provides traders with an array of options to start and scale their trading careers. In comparison, while TopTier Trader does not provide explicit account sizes in the given context, their scaling model does suggest potential for growth contingent on trading performance.

Customer Support and Community Trust

Both firms boast an excellent Trustpilot score of 4.9/5, indicating high satisfaction among users and dedication to customer support. This level of trust and support is fundamental for traders who require reliable and responsive backing for their queries and operational needs.

Conclusion

In the competitive space of proprietary trading firms, both Funded Trading Plus and TopTier Trader emerge as strong contenders with their own unique advantages. Funded Trading Plus' higher capital offering and relaxed trading conditions cater to traders looking for maximum flexibility and profit potential. Conversely, TopTier Trader, with its more controlled trading environment and steady scaling model, might appeal to those who favor structure and gradual growth. Ultimately, retail traders and potential users must carefully consider each firm's rules, tools, and support systems to identify which aligns best with their individual trading styles and objectives.