- Real accounts with allocation capital up to $600,000.
- Generous 90% profit split.
- Flexible trading: news, weekends, and overnight.
- No minimum trading days.
- Simplified one-step evaluation.
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 ❌
Super Funded
- Lack of community feedback
- Lack of payment proof
- Consistency rule
- Low leverage 1:30, 1:20, and 1:2
TopTier Trader
- Equity-driven drawdown on TopTier Plus accounts
- EAs are disallowed on TopTier accounts
- No weekend retention on regular TopTier accounts
Rules 📋
Super Funded
Consistency Rule, Maximum Daily Loss, Maximum Loss, Maximum Trading Days, No Copy Trading Allowed, Profit Target, 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
Comparing Super Funded and TopTier Trader: Pros and Cons for Retail Traders
When choosing the right prop firm for your trading career, various aspects must be considered, from profit splits and account sizes to market availability and trading conditions. In this review, I dissect two prominent players in the prop trading industry: Super Funded and TopTier Trader.
Review of Super Funded's Trading Offerings
Super Funded emerges as a prop trading firm with a keen focus on trader profitability and convenience. The generous 90% profit split stands out in the industry, providing a substantial incentive for successful traders. Moreover, the capacity to trade with allocation capital up to $600,000 without the pressure of minimum trading days further sweetens the deal. Traders have the agility to trade diverse instruments, including commodities, crypto, forex, and indices, during crucial times like news events and weekends.
Super Funded’s simplified one-step evaluation process reduces the complexity typically associated with multi-phase evaluation programs, shaving the barrier to entry for many traders. As a recent addition to the prop firm landscape, incorporated in February 2023, it appears Super Funded aims to disrupt the market with its trader-centric policies and flexibility.
TopTier Trader: A Vigil on Customer Satisfaction
TopTier Trader's established leadership has garnered an impressive 4.9/5 Trustpilot score from over 2,000 feedbacks, signaling a solid trust relationship with the trading community. They offer financing up to $600,000 with the possibility of scaling to an astonishing $2 million. TopTier Trader provides an appealing 80% to 90% revenue split, paired with a generous 1:100 margin, catering to bold traders seeking to maximize their leverage.
The array of tradable instruments is a notch above with the inclusion of metals alongside other major markets. Crucially, weekend and news event trading is permitted, highlighting TopTier Trader’s understanding of a trader’s need to capitalize on market opportunities whenever they arise.
The Constraints: Where Each Firm Falls Short
No firm is without its limitations, and Super Funded's fledgling status may cause some traders to hesitate. The lack of a well-established track record might be a deterrent. Furthermore, Super Funded's cons were not explicitly provided, but retail traders would benefit from knowing any potential downsides related to account restrictions or evaluation criteria.
On the flip side, TopTier Trader, despite its accolades, enforces some restrictions on trading styles. Notable limitations include the prohibition of Expert Advisors (EAs) on TopTier accounts and the lack of weekend retention on regular accounts. Additionally, the equity-driven drawdown on TopTier Plus accounts could introduce some complexity in account management for certain traders.
Considerations on Account Operations
Both Super Funded and TopTier Trader offer modern deposition through cryptocurrencies and credit/debit cards, acknowledging the evolving preference among traders. Withdrawal options are equally contemporary, with Crypto and Deel presenting flexible choices for funds' disbursement.
Account sizes for Super Funded are varied, catering to different levels of trader capitalization. TopTier Trader, while specifics on account sizes weren't detailed, implies flexibility with its scaling model. Both operate in USD currency, streamlining the process for most global traders.
Rules and Regulations: Trading Within Bounds
Super Funded operates under a clear framework with rules centered around consistency, loss limits, and risk management with explicitly disallowing copy trading and third-party EAs. Its ruleset emphasizes the fundamental principle of responsible trading practices.
TopTier Trader presents a more extensive list of regulations, including lot size limits and a notable ban on Martingale strategies, thereby guiding traders towards risk-averse, strategic methodologies in line with TopTier’s sustainability model.
Concluding Thoughts for Retail Traders
In conclusion, Super Funded could be an ideal choice for traders who prioritize simplicity in evaluation, flexible trading schedules, and higher profit shares. Meanwhile, TopTier Trader shines for those who seek an established firm with broad market instruments and a scaling pathway.
Retail traders are recommended to weigh these factors according to their trading style, risk tolerance, and personal preferences to determine the most conducive prop firm for their journey. Both Super Funded and TopTier Trader demonstrate compelling features that cater to a range of needs within the prop trading community.
