TopTier Trader Review

TopTier Trader is a proprietary firm on the lookout for proficient traders. They have formulated a 2-Tier Evaluation system to discern if a trader meets their criteria.

At TopTier Trader, traders are inspired to thrive in their profession. You're free to trade at your will and maintain your trades for as long as you desire. The only limitations are the usage of EAs and copy trading, which are forbidden. Aside from that, their primary concern is loss restrictions, while their ultimate aim is to recruit consistent traders and recompense them with a substantial 80% to 90% profit division.

Who is TopTier Trader?

TopTier Trader is a comparatively fresh proprietary firm that initiated on October 18, 2021. Based in Delaware, US, they provide underfunded traders with financing up to $600,000, coupled with a profit share ranging from 80% to 90%. Don't forget their scaling model for the most triumphant traders, reaching $2,000,000 in balance. They collaborate with Vital Markets as their broker.

Program Alternatives for Funding

TopTier Trader extends to its traders two distinct plans to select:

• TopTier Trader Challenge evaluation program accounts
• Regular TopTier Challenge evaluation program accounts
• Swing TopTier Challenge evaluation program accounts
• TopTier Challenge Plus evaluation program accounts

TopTier Challenge evaluation program accounts

1. Regular TopTier Trader Challenge evaluation program accounts

Regular TopTier Challenge evaluation program account is targeted at recognizing committed and skilled traders, rewarding their regularity during the two-tier evaluation. This evaluation program account grants you trading with 1:100 margin.

The first evaluation phase obliges a trader to attain a 10% profit target without exceeding a 5% daily maximum loss or 10% total loss limit. You must reach your profit objective within 40 calendar days from when you activate your evaluation account, and you must trade for at least four days to progress to the second phase.

The second evaluation phase mandates a trader to achieve a 5% profit target without exceeding a 5% daily maximum loss or 10% total loss limit. You must hit this target within 60 calendar days from initiating your evaluation account, trading at least four days to advance to a financed account.

By fulfilling both evaluation tiers, you qualify for a funded account with no profit objectives. The only requirements are adhering to the 5% daily maximum loss and 10% total loss rules. Your initial payout is 14 days from when you begin on your funded account, with no minimum trading days and no other restrictions. You will receive 80% of the profits made on this account.

Regular TopTier Trader Challenge evaluation program account scaling plan

Regular TopTier Trader Challenge evaluation program accounts include a scaling model. You must reach a 6% or higher profit target within a three-month span where two out of three months were profitable. You will gain a 25% increase on the original account balance, up to a maximum balance of $2,000,000.

Example:

After 3 months: If you have a $200,000 account, your account balance will grow to $250,000.

After the next 3 months: Balance of $250,000 ascends to $300,000.

After the next 3 months: Balance of $300,000 rises to $350,000.

And so forth…

The tradable instruments for the evaluation program accounts encompass forex pairs, commodities, indices, and cryptocurrencies.

Regular TopTier Trader Challenge evaluation program account rules

Profit target is a definite percentage of profit that a trader must achieve before completing an evaluation tier, withdrawing gains, or escalating their account. Phase 1 profit target is 10%, while phase 2 sets it at 5%. Funded accounts possess no profit objectives.Maximum daily loss is the peak loss a trader can incur daily before the account is breached. All account sizes uphold a daily maximum loss of 5%.Maximum loss is the greatest overall loss permissible before the account is breached. All account sizes uphold a total loss of 10%.Minimum trading days are the least number of days required to trade before concluding an evaluation tier or requesting a withdrawal. Both phases impose a 4-day minimum. Funded accounts have no such requirement. Maximum trading days are the greatest number of days within which you must meet a specific profit or withdrawal goal. Phase 1 imposes a 40-day period, while phase 2 mandates a 60-day period.

No weekend holding denotes that holding open positions during weekends is not permitted.No martingale allowed signifies that employing any martingale strategy while trading is not allowed.No EAs allowed indicates that using any EA services is prohibited.No copy trading allowed denotes that utilizing any copy trading services is not allowed.

2. Swing TopTier Challenge evaluation program accounts

Swing TopTier Challenge evaluation program account is designed to recognize serious and talented traders, awarding them for their steadiness across the two-phase evaluation period. This evaluation program account empowers you to trade with a leverage of 1:30.

In the first evaluation phase, traders must achieve a 10% profit target without exceeding a 5% daily maximum loss or 10% total loss limit. The profit objective must be met within 40 calendar days from the activation of the evaluation account, and a minimum of four trading days is required to advance to the second phase.

The second evaluation phase obliges traders to hit a 5% profit target without exceeding a 5% daily maximum loss or 10% total loss limit. This target must be achieved within 60 calendar days from the activation of the evaluation account, with at least four trading days necessary to move on to a funded account.

Upon successfully completing both evaluation phases, traders qualify for a funded account with no profit targets. The only rules are to adhere to the 5% daily maximum loss and 10% total loss constraints. The first payout occurs 14 calendar days after the first position is placed on the funded account, with no minimum trading day requirements or other restrictions. Profits are shared at 80% based on the earnings on this account.

Scaling plan for Swing TopTier Challenge evaluation program account

Swing TopTier Challenge evaluation program accounts feature a scaling plan. A profit target of 6% or more must be reached within three months where two out of the three months were profitable. A 25% increase on the original account balance is awarded, up to a maximum balance of $2,000,000.

Example:

After 3 months: If you have a $200,000 account, your account balance will grow to $250,000.

After the next 3 months: Balance of $250,000 ascends to $300,000.

After the next 3 months: Balance of $300,000 rises to $350,000.

And so forth…

Tradable instruments for the evaluation program accounts include forex pairs, commodities, indices, and cryptocurrencies.

Swing TopTier Challenge evaluation program account rules

The profit target is a specific percentage of profit that a trader must achieve to conclude an evaluation phase, withdraw gains, or escalate their account. Phase 1 has a 10% profit target, and phase 2 has a 5% profit target. Funded accounts have no profit targets.The maximum daily loss is the utmost loss a trader can incur daily before the account is breached. All account sizes maintain a daily maximum loss of 5%.The maximum loss is the greatest overall loss permissible before the account is breached. All account sizes enforce a total loss of 10%.Minimum trading days are the least number of days required to trade before ending an evaluation phase or requesting a withdrawal. Both phases necessitate a 4-day minimum. Funded accounts impose no such demand.Maximum trading days are the utmost number of days within which a profit target or withdrawal objective must be hit. Phase 1 imposes a 40-day period, while phase 2 stipulates a 60-day period.No martingale allowed means that using any martingale strategy while trading is not permitted.No EAs allowed signifies that employing any EA services is prohibited.No copy trading allowed indicates that utilizing any copy trading services is not allowed.

TopTier Challenge Plus evaluation program accounts

‍

The TopTier Challenge Plus evaluation program account has been designed to discover proficient and committed traders, awarding them for maintaining consistent performance during a two-part evaluation process. This specialized account enables you to utilize a 1:100 leverage ratio for trading.

In Evaluation phase one, a trader must attain an 8% profit target without exceeding the stipulated daily loss of 5% or the overall maximum loss limit of 8%. The requirement to achieve the profit target must be met within 40 calendar days from initiating the first position on the evaluation account. Furthermore, a minimum of four trading days is essential to advance to the second phase.

During Evaluation phase two, the trader must again aim to meet a profit target, this time of 5%, without breaching the same daily or overall loss rules of 5% and 8%, respectively. The profit target must be met within 70 calendar days from the initiation of the evaluation account, and at least four trading days must be completed to transition to a funded account.

Upon successfully navigating both evaluation phases, traders are rewarded with a funded account, where no specific profit targets apply. The only obligation is to adhere to the 5% maximum daily loss and 8% overall maximum loss limits. The first payout is scheduled 14 calendar days from initiating the first position on the funded account. During this period, no minimum trading day prerequisites apply, and no further constraints are imposed. Profits will be shared, ranging from 80% to 90%, depending on the earnings from the funded account.

TopTier Challenge Plus Evaluation Program Account Scaling Plan

Additionally, TopTier Challenge Plus evaluation program accounts incorporate a scaling plan. Achieving a profit target of 6% or greater during a three-month span, with at least two profitable months, will result in a 25% account increase. The original account balance can grow up to a maximum of $2,000,000.

Example:

• After 3 months: A $200,000 account balance grows to $250,000.
• After the following 3 months: The balance of $250,000 enlarges to $300,000.
• After the subsequent 3 months: The balance of $300,000 expands to $350,000.

The pattern continues...

Trading within the evaluation program accounts can involve forex pairs, commodities, indices, and cryptocurrencies.

TopTier Challenge Plus Evaluation Program Account Guidelines

• Profit Target Parameters: Within the context of the evaluation phases, specific profit percentage goals are set. In Phase 1, an 8% profit target is set, while Phase 2 requires a 5% profit target. For funded accounts, there are no predetermined profit targets.
• Maximum Daily Loss Limitation: Traders are restricted from incurring more than a 5% loss in a single day across all account sizes to prevent excessive risk.
• Overall Maximum Loss Threshold: Across all account sizes, a general loss cap of 8% is enforced, limiting the overall risk that a trader can assume.
• Minimum Trading Days Requirement: Both evaluation phases impose a mandatory trading period, consisting of at least four trading days, before progression or withdrawal is permitted. Funded accounts are not subject to this requirement.
• Maximum Trading Duration: The time frames within which specific profit or withdrawal targets must be reached are defined as 40 trading days for Phase 1 and 70 trading days for Phase 2.
• Martingale Strategy Prohibition: Traders are explicitly forbidden from employing any martingale strategy while engaging in trades within the program.
• Lot Size Restrictions: Adherence to prescribed lot sizes for particular trading instruments is mandatory, often correlating to the initial account balance of the prop firm account. A specific lot size limit of 5 lots on all indices is applicable solely to funded accounts.

What Sets TopTier Trader Apart from Other Prop Firms?

TopTier Trader distinguishes itself from the majority of top-ranking prop firms by providing two unique two-step funding evaluation programs: TopTier Challenge and TopTier Challenge Plus. Furthermore, trading styles are almost never restricted. You have the liberty to trade during significant news events, maintain positions overnight, and even through weekends.

In contrast to other prop firms, TopTier Trader's evaluation program consists of two stages that traders must successfully navigate to qualify for payouts. In phase one, a 10% profit target is set, followed by a 5% target in phase two, along with maximum daily loss limits of 5% and total loss limits of 10%. Traders must also complete at least four trading days in each phase before funding. The program also incorporates a scaling plan. When juxtaposed with other leading prop firms, they possess average profit targets and typical minimum trading day requirements.

Comparison between TopTier Trader & True Forex Funds (Limitless)

Comparison between TopTier Trader & E8 Funding (Normal)

Comparison between TopTier Trader & My Forex Funds

The TopTier Challenge Plus evaluation program also operates in two phases, requiring an 8% profit target in phase one and 5% in phase two, with maximum daily loss limits of 5% and total loss limits of 8%. Traders must trade a minimum of seven days in each phase before funding. This program also includes a scaling plan. Relative to other leading prop firms, it offers below-average profit targets and average minimum trading day demands.

Comparison between TopTier Trader & FundedNext (Stellar)

Comparison between TopTier Trader & Finotive Funding

Comparison between TopTier Trader & Funded Trading Plus (Advanced)

In summation, TopTier Trader stands apart from most top-rated prop firms by avoiding the imposition of restrictions on your trading style. You are free to trade during newsworthy events, retain positions overnight, and over weekends. The only limitations are the prohibition of EAs or copy trading services.

Is TopTier Trader's Capital Accessible?

Understanding the feasibility of the trading conditions is key when examining prop firms to match your specific forex trading approach. For instance, an offer of a substantial percentage in profit sharing on a generously funded account might appear attractive. However, if the firm mandates high percentage profits monthly along with minimal percentage drawdowns, your opportunity for success dwindles to nearly nil.

Acquiring capital through TopTier Challenge's evaluation program is mainly feasible due to its industry-standard profit aims (10% in the first phase, 5% in the second) paired with conventional loss regulations (a daily maximum of 5% and an overall maximum loss of 10%).

Similarly, accessing capital via the TopTier Challenge Plus evaluation program is principally viable since they set industry-lower-than-average profit goals (8% in phase one, 5% in phase two), aligned with regular maximum loss guidelines (daily maximum of 5% and total maximum loss of 8%).

Upon weighing these factors, TopTier Trader emerges as an optimal choice for securing funding. You have the option of two distinct funding programs that present attainable trading goals to adhere to, along with reasonable conditions to qualify for payouts.

Evidence of Payment

TopTier Trader was established on October 18, 2021. Traders may apply for withdrawal of their profit share by forwarding an invoice. This will be assessed, and the disbursements will be handled. Depending on the account type they are trading on, traders must keep their account active for either 14 or 30 calendar days before requesting their initial payout. Following that, they become qualified for bi-weekly disbursements. Please allocate 24-48 hours for payment processing, less their profit shares.

For evidence of payment, you can visit their Discord channel where an article named "payout proof" is available.

Further confirmation of payments can be obtained by watching interviews with their traders on their YouTube channel. An example video can be found below:

TopTier Trader's Brokerage Information

TopTier Trader operates with Vital Markets as its brokerage partner. They are headquartered in Sydney, having been established in 2016, and function as a part of Vantage International Group (VIG).

Regarding trading platforms, they permit transactions on both MetaTrader 4 and MetaTrader 5.

Trading instruments

TopTier Trader lets users trade with the following instruments listed below:

Forex pairs with 100:1 leverage

Commodities with 40:1 leverage

indices with 30:1 leverage

;and Cryptocurrencies with 2:1 leverage.

Trading fees

Trading commission:

Spread:

To see the live spread, check out the login credentials to the trading account below:

[Option 1]

Platform: MetaTrader 4

Server: 5074857

Login Number: 4eFHnfs

Password: Osprey-Real

‍Download Platform: Click here

[Option 2]

Platform: MetaTrader 5

Server: 250120

Login Number: ydq8guit

Password: Osprey-Demo

‍Download Platform: Click here

Training & Assistance for Traders

TopTier Trader refrains from offering any educational materials on its platform.

What they do provide is an organized dashboard accessible to all their clients, simplifying the risk management process with comprehensive statistical information.

Trader dashboard – Page with ended positions

Trader dashboard – Page detailing ongoing positions

Feedback from Traders on TopTier Trader

TopTier Trader has garnered outstanding praise in reviews.

On Trustpilot, a vast segment of their community has chimed in, expressing positive opinions and awarding an impressive rating of 4.9/5 based on 2,496 assessments. They boast a dependable support team ready to supply you with all the essential details you might need or assist if you have any uncertainties.

Their clients frequently note the swift and consistent support service they deliver, a valuable attribute to find in any prop firm.

It is also important to note the efficiency and dependability of their support team, who patiently assist their clients, guiding them through procedures until they have gathered all the required information.

Social Media Presence

TopTier Trader maintains a notable presence on various social media platforms:

• Instagram account boasting 36.5k followers
• YouTube channel with 6.81k subscribers and a collection of 31 videos
• Telegram account engaging 5,396 subscribers
• Facebook page followed by 729 individuals

They also host a Discord channel with a community of 16,585 members, where you can stay updated on all announcements, seek assistance in their support channel, or engage in conversations about trading techniques.

Support Availability

TopTier Trader has crafted an FAQ page where you may discover answers to your lingering questions.

Their support personnel are reachable via social media or by direct communication through the live chat on their website.

Their support team is at your service 24/7 to respond to client inquiries.

Additionally, they offer assistance through their Discord channel.

Final Thoughts

To conclude, TopTier Trader stands as a bona fide proprietary trading firm, extending the opportunity for traders to select between two distinct funding schemes: TopTier Challenge and TopTier Challenge Plus evaluation program accounts.

TopTier Challenge evaluation initiatives are industry-standard two-level challenges mandating the fulfillment of both phases before qualifying for funding and earning profit shares. TopTier Trader obliges traders to achieve 10% profit targets in the initial phase and 5% in the latter, which are practical trading goals when adhering to a 5% daily maximum and 10% overall loss regulations. With TopTier Challenge programs, you can reap 80% profit shares and escalate your accounts.

TopTier Challenge Plus initiatives follow the industry standard, involving a two-level evaluation challenge that must be cleared to qualify for funding and profit share eligibility. These require 8% and 5% profit targets in the respective phases and offer 80% to 90% profit shares, considering the 5% daily and 8% total loss rules.

TopTier Trader is great for anyone seeking a prop firm with transparent trading regulations. They are a well-founded proprietary trading entity providing remarkable terms for a diverse array of individuals with varying trading preferences. Evaluating all that TopTier Trader presents, they indeed rank among the superior proprietary trading firms in the sector.

This analysis of TopTier Trader was most recently revised on 03.08.2023 at 08:31 (CE(S)T).

So, how do you evaluate the framework of this Proprietary Trading firm? Does TopTier Trader facilitate the instruments you aspire to trade?

Share your thoughts if you found our TopTier Trader Proprietary Trading firm review insightful!