Comparing TopTier Trader with Funding Pips provides crucial insights into their trading objectives, revealing both similarities and differences. This analysis is vital for traders looking to select a proprietary trading firm that best matches their trading style and objectives.
Insightful Comparison of Trading Objectives
Here’s a detailed comparison between the key trading objectives of TopTier Trader and Funding Pips:
- Phase 1 Profit Target: TopTier Trader has a 10% target, while Funding Pips sets it at 8%.
- Phase 2 Profit Target: Both firms aim for a 5% target.
- Maximum Daily Loss: A consistent 5% limit is set by both firms.
- Total Maximum Loss: Each maintains a 10% cap.
- Minimum Trading Days: TopTier Trader requires 4 calendar days, in contrast to Funding Pips’ no minimum requirement.
- Maximum Trading Period: Unlimited trading periods in both phases are offered by each firm.
- Profit Split: TopTier Trader offers 80%, while Funding Pips provides a range of 80% to 90%.
While both TopTier Trader and Funding Pips share similarities like unlimited maximum trading periods and comparable phase profit targets, they differ in profit split percentages and minimum trading day requirements. Furthermore, the TopTier Challenge Plus, another program by TopTier Trader, showcases variations with an 8% first phase profit target, an 8% maximum loss, and a requirement of at least seven trading days in each phase. These distinctions are key in understanding the unique offerings of each firm, thus assisting traders in their decision-making process.
