This article presents a thorough comparison between two renowned proprietary trading firms, Finotive Funding and TopTier Trader, focusing on their offerings and appeal to forex traders globally.
Company Overview
Finotive Funding and TopTier Trader have both carved a niche for themselves in the proprietary trading sector. Finotive Funding, established in April 2021 under the stewardship of CEO Oliver Newland, is based in Budapest, Hungary. In contrast, TopTier Trader, founded in October 2021 by CEOs Quillan Roberto Black and Nick Filipoff, operates from Delaware, United States. Finotive Funding allows traders to manage up to 3x 200k in two-step evaluation accounts, while TopTier Trader provides a higher funding limit of $600k, with both firms featuring scaling plans.
Funding Program Options
While both firms cater to global forex traders, their program offerings differ. Finotive Funding offers a one-step evaluation, a two-step evaluation, and instant funding. TopTier Trader, conversely, provides two distinct two-step evaluations.
Comparative Analysis of Two-Step Evaluation Programs
- Profit Goals: Finotive Funding sets 7.5% and 5% targets for its two phases, while TopTier Trader aims for 10% and 5% in its Standard program and 8% and 5% in its Plus program.
- Drawdown Rules: Both firms maintain a 5% daily and 10% overall drawdown limit, except for TopTier Trader’s Plus program, which allows an 8% overall drawdown.
- Leverage and Trading Days: Finotive offers a leverage range of 1:100 to 1:400 with no minimum trading days. TopTier Trader provides a leverage of 1:30 up to 1:100 in Standard and 1:100 in Plus, with a 4-day minimum.
- Profit Splits: Finotive provides a split of 75% to 95%, while TopTier Trader offers 80% in Standard and up to 90% in Plus.
Pricing Across Account Sizes
Finotive Funding’s pricing ranges from $50 for a $2,500 account to $950 for a $200,000 account. TopTier Trader’s prices vary between $99 to $1,499 for its Standard and Plus programs, depending on the account size.
Brokers and Trading Platforms
Finotive Funding partners with Finotive Markets, using MetaTrader 5, whereas TopTier Trader collaborates with ThinkMarkets, offering MetaTrader 4 and 5.
Trading Instruments
Both firms offer a diverse range of trading instruments, including Forex pairs, commodities, indices, and cryptocurrencies.
Community Feedback
Trustpilot ratings indicate a 4.3/5 score for Finotive Funding from 279 reviews, compared to TopTier Trader’s higher 4.7/5 rating from 2,802 reviews, suggesting greater community favor for the latter.
Conclusion
To sum up, Finotive Funding and TopTier Trader stand out as exceptional choices for traders, each with distinct trading conditions, pricing structures, and community reputations. Notably, Finotive Funding offers a broader range of funding programs, including instant funding, while TopTier Trader focuses on its two-step evaluations.
