TOPSTEP VS FUNDERPRO
Rating breakdown
FunderPro Overview
Founded in Malta in late 2022 by a group of traders and investment managers, FunderPro was born out of the need to provide an opportunity for traders to be judged on their merit without pressure or unnecessary rules. FunderPro traders can trade in their own time, for as long as they want or need, there are no deadlines looming down nor petty restrictions to trip over.
Rating breakdown
Topstep Overview
Founded in 2012, Topstep has become one of the biggest proprietary trading sites online. Topstep FX is based in the USA, but it is available for everyone to use worldwide. Traders are invited to join their "forex funded trader program," which gives them the chance to use Topstep FX's money (and gain a healthy cut of the profits), without risking their capital.Compare TOPSTEP VS FUNDERPRO Trading Features
| Trading Feature | TOPSTEP | FUNDERPRO |
|---|---|---|
| đź’° Fees: | The TopStep Challenge with an initial balance $50K costs $165; $100K balance for $325; $150K balance for $375 (per month) | FunderPro offers four tiers of funded account challenges: a $25K balance costs $250, a $50K balance costs $300, a $100K balance costs $550, and a $200K balance costs $995. Scaling plan up to $5 million. |
| 🚀 Profit split: | TopStep will pay out 100% of the first $5,000 you generate and 90% from that amount. | The FunderPro funded account challenge pays out 80% of the profits. |
| ✔️ Evaluation: | “TopStep Challenge,” a two-step evaluation process that you must pass to get your trading account funded. | FunderPro’s flagship product is a two-step evaluation. |
| 🎯 Profit Target: | 6% | 10% for Stage 1 and 8% for Stage 2. |
| ⚓ Maximum drawdown (MDD)​​: | 2% Daily loss limit. 4% to 3% Max trailing drawdown (the percentage varies depending on the account you choose). | 10% maximum loss throughout the challenge. 8% maximum daily loss. |
| ⌛ Trading Period​​: | The TopStep Challenge has No time limits. | Unlimited time to complete the challenge. |
| ⚖️ Leverage: | The leverage offered is up to 1:100 (Forex) and can be lowered upon request. | The leverage in FunderPro for the Regular Challenge and Funded Accounts is Forex: 1:100, Metals, Oil, and Indices: 1:50, Crypto: 1:2 |
| 🔧 Instruments: | Futures Markets: CME Exchange (17 instruments) NYMEX Exchange (4) COMEX Exchange (3) CBOT Exchange (13) | Forex, indices, commodities, cryptocurrencies and stocks. |
| đź“° Allow Trade News: | Not recommended | No FunderPro does not allow news trading. You can close the trading before 2 minutes of high-impact news and re-open trading after 2 minutes. |
| 🔄 Weekend Position: | No | No you cannot hold trades during weekend. |
| đź’° Payout Policy: | Topstep's Profit Split: Traders receive 100% of the profits from payouts, up to $10,000. After the first $10,000, the profit split becomes 90/10. Express Funded Account: Traders can request a payout of up to $5,000 or 50% of their account balance after five winning trading days. Live Funded Account: Traders can request a payout of up to 50% of their account balance after five winning trading days. |
After spending several days researching different Proprietary Trading Firm for funded trading accounts, our team at start-business-online.com team collected various data points. For this review, we will compare Topstep vs Funderpro.
Compare TOPSTEP VS FUNDERPRO Funded Trading Accounts Programs - Find the best firm for you
TOPSTEP VS FUNDERPRO Prop Trading Firms at a glance
A handy comparison table with all the key facts for the Funded Trading Accounts Programs.
| Evaluation Metric | How they performed |
|---|---|
| Challenge Assessment | The Topstep Challenge is a simple yet effective way of separating the wheat from the chaff. It is not a perfect system, and there are grievances about some aspects of it, but, overall, it is a transparent and fair means of ensuring you know what you are doing. It's a great platform to take on the challenge, and it has easy-to-understand metrics that reflect your trading progress. On the other hand The FunderPro Challenge is simple and straightforward. Traders select their account size- $25k, $50k, $100k, or $200k. The requirements are easily followed without unnecessary complications - max daily and overall losses are fair, and traders have all the time they need to trade because there is no deadline for the challenge to be completed. |
| Customer support | The customer support with Topstep is good, clearly reflected across several review platforms. There are some complaints about the quality of customer support, but most of these have been responded to. On the other hand The FunderPro team is reliable and helpful. Traders get paid weekly with a profit share every Friday. |
| Fee | The cost on Topstep can be a positive or a negative depending on how quickly you pass the challenge. As it is a monthly payment, you will save money (compared to prop firms asking for more expensive one-off payments) if you complete the challenge quickly, but you will lose value for money if you are too slow. On the other hand FunderPro is actually a pretty decent value for every account size. it is also focused on its traders, which could mean that they provide a better experience for their clients. |
| Payout scheme | Compared to other proprietary firms, Topstep has a high percentage payout scheme or, to put it another way, it takes a lower percentage cut on your profits. On the other hand With FunderPro after your first payout, you will continue to receive payouts on a weekly basis. Your profit split will be 70% based on the profit you make on your funded account. While this isn't as generous a profit split as some rivals, the challenge conditions are not as strict, making it easier to come out winning. For this reason, they score highly on this metric. |
The Verdict: Topstep or Funderpro?
There’s no such thing as a perfect Proprietary Trading Firm, but some are going to be a better fit for you than others.
Objectively, Funderpro is more reliable based on our criteria above.
What We Really Like on Funderpro
Exclusive Discount Code (20% Off Exclusive Offer)
Unlimited time for completion
Real Funding and Daily Payouts
What We Do not Like on Topstep
Not one-off payment
Challenges perceived to be too hard or pointless
Other Important Factors That Influence Our decision the most
Key Challenges and Frustrations Faced by Topstep Users
Topstep is not perfect in every way. If it takes you a long time to pass the challenges, you will end up spending more on the platform's monthly fees than a comparable service with a one-off payment. Some traders have been annoyed at some of the rules on Topstep. The "20-second rule" and the "Trailing Max Drawdown" moving to zero after any withdrawal have been unpopular with some. Others believe the inability to undo your decision between a pro account or an express funded account is unfair. The challenges themselves are sometimes perceived to be too hard or pointless. Topstep can provide justifications for these issues, yet some traders remain unconvinced.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Funded Trading Accounts based on your precise requirements here.