Comparative Analysis of True Forex Funds and TopTier Trader

Comparisons

In this in-depth review, we compare True Forex Funds and TopTier Trader, focusing on their offerings to the global forex trading community.

Company Profiles

True Forex Funds and TopTier Trader, both established in October 2021, are esteemed proprietary trading firms. True Forex Funds, led by CEO Richard Nagy, is based in Győr, Hungary. In contrast, TopTier Trader, under the leadership of Quillan Roberto Black and Nick Filipoff, operates out of Delaware, United States. True Forex Funds offers a maximum allocation of $400,000, while TopTier Trader extends up to $600,000, with both firms featuring scaling plans.

Funding Program Diversity

True Forex Funds and TopTier Trader cater to forex traders with a variety of funding programs. True Forex Funds provides three two-step evaluations and a one-step evaluation, whereas TopTier Trader offers two distinct two-step evaluations.

Two-Step Evaluation: A Detailed Comparison

The two-step evaluation programs of these firms vary significantly in certain aspects:

  • Profit Targets: Varying targets, with True Forex Funds at 8% and TopTier Trader ranging from 8% to 10% in Phase 1.
  • Daily & Overall Drawdown: A daily drawdown of 5% for both, with overall drawdowns varying between 8% and 10%.
  • Leverage: Ranges from 1:30 to 1:100 for TopTier Trader and a consistent 1:100 for True Forex Funds.
  • Minimum Trading Days: Ranging from no minimum to 5 calendar days, depending on the program.
  • Profit Split: 80% for True Forex Funds and up to 90% for TopTier Trader.

Pricing Structures

The pricing for various account sizes in each program is as follows:

Brokers and Trading Platforms

Both firms utilize MetaTrader 4 and MetaTrader 5 platforms, with True Forex Funds partnering with Tier-1 liquidity providers and TopTier Trader working with ThinkMarkets.

Trading Instrument Options

Both firms support trading in forex pairs, commodities, and indices. However, True Forex Funds additionally offers trading in stocks and crypto.

Community Feedback and Trust

Trustpilot ratings reveal the community’s perception:

Conclusion

In conclusion, True Forex Funds and TopTier Trader both provide robust options for traders, with notable differences in their trading rules, pricing, and community feedback. True Forex Funds offers more variety in its evaluation programs, while TopTier Trader maintains a slightly higher popularity in the trading community.

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The information provided on All Prop Trading Firms is for informational purposes only. We aim to provide comprehensive and unbiased reviews of various prop trading firms along with sharing valuable discount coupons and updates. However, we do not take responsibility for any decisions made based on the information presented on our site. Trading involves substantial risks and is not suitable for every investor. We highly recommend that you read the terms and conditions of each prop firm and conduct thorough research before engaging in any trading activities.


At All Prop Trading Firms, we believe in transparency and building trust with our audience. We would like to inform you that we have affiliate relationships with some of the prop firms listed on our site. This means that we may receive compensation if you click on affiliate links and make a purchase through these links. Please note that this does not incur any additional cost to you as a buyer. Our affiliate partnerships help us sustain our site and continue to provide valuable content to our readers.

The information provided on All Prop Trading Firms is for informational purposes only. We aim to provide comprehensive and unbiased reviews of various prop trading firms along with sharing valuable discount coupons and updates. However, we do not take responsibility for any decisions made based on the information presented on our site. Trading involves substantial risks and is not suitable for every investor. We highly recommend that you read the terms and conditions of each prop firm and conduct thorough research before engaging in any trading activities.
At All Prop Trading Firms, we believe in transparency and building trust with our audience. We would like to inform you that we have affiliate relationships with some of the prop firms listed on our site. This means that we may receive compensation if you click on affiliate links and make a purchase through these links. Please note that this does not incur any additional cost to you as a buyer. Our affiliate partnerships help us sustain our site and continue to provide valuable content to our readers.