Who is the Top One Trader?
Top One Trader under the legal name Top One Trader LLC, is a proprietary trading firm that was established on October 16th, 2023 and it’s been managed by CEO Matt Morris. Top One Trader offers two distinct account types traders can choose from, a two-step evaluation, and a one-step step evaluation. They are in partnership with Thinkmarkets as their broker.
They are based in Wyoming, United States of America with their headquarters situated at 30 North Gould Street Ste R, Sheridan, WY 82801.
Funding Program Options
Top One Trader offers traders two unique funding program options:
- Pro Challenge
- Flash Challenge
Pro Challenge
Top One Trader’s Pro Challenge offers the opportunity to manage account sizes ranging from $10,000 to $200,000. The goal of this challenge is to determine talented traders who can effectively and profitably manage risk throughout a two-step evaluation period. The Pro Challenge allows you to trade with up to 1:50 leverage.
Evaluation phase one has a profit target of 8% that traders are required to meet without exceeding their 5% maximum daily loss or 10% maximum loss rule. Regarding time limitations, there are no minimum or maximum trading days requirements during phase one, however, to proceed to phase two, you must attain a profit target of 8% without breaching the maximum daily or maximum loss limit rule.
Evaluation phase two has a profit target of 5% that traders are required to meet without exceeding their 5% maximum daily loss or 10% maximum loss rule. Regarding time limitations, there are no minimum or maximum trading days requirements during phase two, however, to proceed to funded status, you must attain a profit target of 4% without breaching the maximum daily or maximum loss limit rule.
Completing both evaluation phases earns you a funded account that has no minimum withdrawal requirements. You are however obligated to expect the 5% maximum daily loss and 10% maximum loss rule. Your first payout is 30 calendar days from the day you place your first trade on your funded account. All subsequent withdrawals can be processed bi-weekly. Based on the profit made on the funded account you are entitled to a profit split of 80% up to 90%.
Pro Challenge Scaling Plan
The Pro Challenge also has a scaling plan. Should a trader exhibit profitability in the last three months with an average return of 12% over the three-month period with at least 3% minimum in each of the three months, such a trader will become eligible for an increase in account size equal to 25% of the initial account size.
Example:
After 3 Months: A qualified $50,000 account increases to $62,500.
After the Next 3 Months: A qualified $62,500 account increases to $75,000.
After the Next 3 Months: A qualified $75,000 account increases to $87,500.
Pro Challenge Trading Rules & Objectives
- Profit Target: There is a designated profit percentage traders are expected to acquire in order to successfully conclude an evaluation phase, withdraw earnings, or scale their trading accounts. For phase one, the profit target is set at 8% while for phase two, the profit target is set at 5%. Funded accounts do not have any specified profit targets.
- Maximum Daily Loss: The maximum daily loss limit on all account sizes is 5%.
- Maximum Loss: The maximum loss limit on all account sizes is 10%.
- Stop-loss Required: Before a trade is started it is necessary for a trader to place a stop-loss on each position. (Not mandatory with Add-on)
- Martingale Trading: Traders are prohibited from employing any form of martingale strategy during their trading activities.
Flash Challenge
Top One Trader’s Flash Challenge offers the opportunity to manage account sizes ranging from $10,000 to $200,000. The goal of this challenge is to determine talented traders who can effectively and profitably manage risk throughout a one-step evaluation period. The Flash Challenge allows you to trade with up to 1:20 leverage.
Evaluation phase one has a profit target of 10% that traders are required to meet without exceeding their 5% maximum daily loss or 8% maximum trailing loss rule. Regarding time limitations, there are no minimum or maximum trading days requirements during phase one, however, to proceed to funded status, you must attain a profit target of 10% without breaching the maximum daily or maximum loss limit rule.
Completing the evaluation phases earns you a funded account that has no minimum withdrawal requirements. You are however obligated to expect the 5% maximum daily loss and 8% maximum loss rule. Your first payout is 30 calendar days from the day you place your first position on your funded account, while subsequent withdrawals can be submitted bi-weekly. Based on the profit made on the funded account you are entitled to a profit split of 75% up to 90%.
Flash Challenge Scaling Plan
The Flash Challenge also has a scaling plan. Should a trader exhibit profitability in the last three months with an average return of 12% over the three-month period with at least 3% minimum in each of the three months, such a trader will become eligible for an increase in account size equal to 25% of the initial account size.
Example:
After 3 Months: A qualified $50,000 account increases to $62,500.
After the Next 3 Months: A qualified $62,500 account increases to $75,000.
After the Next 3 Months: A qualified $75,000 account increases to $87,500.
Flash Challenge Trading Rules & Objectives
- Profit Target: There is a designated profit percentage traders are expected to acquire in order to successfully conclude an evaluation phase, withdraw earnings, or scale their trading accounts. The evaluation phase has a profit target of 10%. Funded accounts do not have any specified profit targets.
- Maximum Daily Loss: The maximum daily loss limit on all account sizes have a maximum daily loss of 5%.
- Maximum Trailing Loss: The maximum trailing loss on all account sizes have a maximum trailing loss of 8%.
- Stop-loss Required: Before a trade is started it is necessary for a trader to place a stop-loss on each position.
- Martingale Trading: Traders are prohibited from employing any form of martingale strategy during their trading activities.
What Makes Top One Trader Different From Other Prop Firms?
Top One Trader offers two unique account types, which has set it aside from most industry-leading prop firms. The account types they offer include a two-step evaluation and a one-step evaluation.
Top One Trader’s two-step evaluation (Pro Challenge) requires traders to conclude two evaluation phases successfully before they can be qualified for payouts. For phase one of the evaluation, a profit target of 8% is required, and for phase two 5%. There is a 5% maximum daily and 10% maximum loss rules traders must follow. Notably, there are no minimum or maximum trading day requirements during both evaluation phases. The Pro Challenge also has a unique scaling plan, allowing traders to manage even larger account sizes. The Pro Challenge stands out from other funding programs within the industry primarily due to offering unlimited trading periods, no minimum trading day requirement, multiple add-on features, and bi-weekly withdrawals.
Top One Trader’s one-step evaluation (Flash Challenge) requires traders to conclude three evaluation phases successfully before they can be qualified for payouts. The evaluation phase has a profit target of 10%. There is a 5% maximum daily and 8% maximum trailing loss rules traders must follow. Notably, there are no minimum or maximum trading day requirements during all three evaluation phases.
In conclusion, Top One Trader offers two unique account types, and this has set it apart from other industry-leading prop firms. It provides access to different financial markets and provides what they need to become funded traders. Moreover, they offer several features that are deemed favorable, such as an unlimited trading period, news trading, bi-weekly payouts, no minimum trading day requirements, multiple add-on features, and bi-weekly withdrawals.
Is Getting Top One Trader Capital Realistic?
It is necessary to assess the achievability of trading requirements when considering proprietary trading firms that align with your trading style. Opting for a firm that promises a generous profit split on a well-capitalized account might seem appealing. However, if they anticipate lofty monthly gains coupled with minimal maximum drawdown percentages, their likelihood of success diminishes significantly. Moreover, it is important to examine time constraints as an unlimited trading period is more favorable as it eradicates the pressures associated with time constraints. Lastly, it is crucial to familiarize yourself with all trading rules during the evaluation process and subsequent funding stages to lessen the risk of accidentally violating your trading account terms.
Receiving capital from the Pro Challenge is feasible mainly because it offers modest profit targets (8% in phase one and 5% in phase two) in addition to the average maximum loss rules (5% maximum daily and 10% maximum loss). Coupled with this, there are no minimum or maximum trading day requirements, meaning that funds can be secured swiftly in a day or can proceed at a preferred pace. Furthermore, upon concluding both evaluation phases, participants are eligible for payouts featuring a favorable 80% up to 90% profit split.
Receiving capital from the Flash Challenge is feasible mainly because it offers a below-average profit target of 10% in addition to the average maximum loss rules (5% maximum daily and 8% maximum trailing loss). Coupled with this, there are no minimum or maximum trading day requirements, meaning that funds can be secured swiftly in a day or can proceed at a preferred pace. Furthermore, upon concluding both evaluation phases, participants are eligible for payouts featuring a favorable 75% up to 90% profit split.
After assessing all aspects, Top One Trader is highly suggested since it offers two unique funding programs to choose from a two-step evaluation and a one-step evaluation, which all feature practical trading objectives and conditions for qualifying for payouts.
Payment Proof
Top One Trader is a proprietary trading firm established on October 16, 2023, and boasts a substantial community of traders who have attained funded status and successfully met the criteria for profit split.
Upon achieving funded status through partaking in Top One Trader Pro Challenge or Flash Challenge, you will be qualified to receive your first payout after 30 calendar days. Following your initial payout, you will qualify for subsequent payouts every 14 calendar days upon exceeding the initial account size. Your profit split will consist of a generous 75% up to 90%, this will be based on the profit you generated on the funded account.
When it comes to Top One Trader payment proof, you can find it on various websites, an example being Trustpilot. On Trustpilot, traders comment, expressing their experience while working with the company as well as the process of how they successfully received payouts. Top One Trader Discord is another source of payment proof where you can find a significant number of interviews from the most successful traders.
Education
Top One Trader grants all its clients access to an Economic Calendar and Position Size Calculator.
Moreover, the prop firm offers all clients access to a meticulously designed trading dashboard which enhances risk management with continuous access to comprehensive statistics and objectives. With real-time updates, it vastly improves the overall user experience, helps in testing trading strategies, and pushes traders to achieve financial freedom.
Trustpilot Feedback
Top One Trader has garnered an impressive score on Trustpilot thanks to their community’s feedback.
On Trustpilot, the Top One Trader community has left positive feedback detailing the company’s services. The prop firm has amassed a remarkable 4.7 rating out of 5 from a substantial pool of 136 reviews, with a considerable 89% of these reviews awarding Top One Trader the highest rating of 5 stars.The prop firm provides the tools necessary to improve their risk management skills and take their trading careers to the next level.
Top One Trader is considered to be the best prop firm according to its traders who emphasizes the founder’s approach of treating clients more like family rather than customers. The commentary describes them as guardians, trainers, guides, motivators, and well wishes and desire to remain part of this trader family.
Top One Trader garnered praise for its swift and easy setup process combined with its favorable trading conditions. The client values the effectiveness of the support team and their responsiveness. Based on these positive experiences, they strongly recommend Top One Trader as a prop firm for other traders.
Customer Support
If you have questions or concerns about Top One Trader, you can reach out to the customer support team through the live chat on the website or via email at support@toponetrader.com. Checking their FAQ page could provide you with quick answers but you could get a more detailed response through their Discord channel.
Conclusion
Top One Trader is a top-notch proprietary trading firm that offers traders the opportunity to choose between two funding programs: the Pro Challenge, which is a two-step evaluation, and Flash Challenge, which is a one-step evaluation.
Top One Trader’s Pro Challenge is an industry-standard two-step evaluation. It requires traders to conclude two evaluation phases before becoming qualified to manage a funded account and earn profit splits of 80%. A profit target of 8% is set in phase one and for phase two 5%. Traders must successfully complete both phases in order to become funded. These are realistic trading objectives, considering you have a 5% maximum daily and 10% maximum loss rules to follow.
Concerning time limitations, there are no minimum or maximum trading day requirements, this means that trading can occur at the traders’ preferred pace without any time pressure. It is also crucial to note that Pro Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance.
On the other hand, Top One Trader’s Flash Challenge is a one-step evaluation. It requires traders to conclude a single evaluation phase before becoming qualified to manage a funded account and earn profit splits of 75% up to 90%. A profit target of 10% is set and traders must successfully complete the phase in order to become funded. These are realistic trading objectives, considering you have a 5% maximum daily and 8% maximum loss rules to follow.
Concerning time limitations, there are no minimum or maximum trading day requirements during this evaluation phase, which means that trades can occur at traders’ preferred pace. It is also crucial to note that Flash Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance. In addition, it is one of the top prop trading firms that allow for news trading which is an added advantage for profitable traders.
Traders looking for a reputable and reliable proprietary trading firm should Top One Trader, as they offer excellent trading conditions that cater to a variety of individuals each with unique trading styles.
The prop firm provides traders with unique features, such as an unlimited trading period, no minimum trading day requirements, multiple add-on features, and bi-weekly withdrawals. After evaluating everything Top One Trader offers to traders worldwide, they are without a doubt a desirable choice within the prop trading industry.
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