TopTier Trader Review

TopTier Trader’s TopTier Challenge is designed to identify talented traders who are profitable and can efficiently manage risk throughout the two-step evaluation period. The program provides traders with the opportunity to manage account sizes ranging from $5,000 up to $300,000 and trade with up to 1:100 leverage.

Here’s how it works.

Evaluation phase one requires a trader to meet a profit target of 10% without exceeding their 5% maximum daily loss or 10% maximum loss rules. It is important to note that there are no maximum trading day requirements for phase one. But you are expected to trade for at least four trading days to proceed to phase two.

For evaluation phase two, you are expected to reach a profit target of 5%  without surpassing the 5% maximum daily loss or 10% maximum loss rules. There are also no maximum trading day requirements for phase two. However, you are expected to trade a minimum of four trading days in order to complete the evaluation program.

Once both evaluation phases are completed, you will receive a funded account. There are no minimum withdrawal requirements but you must respect the 5% maximum daily loss and 10% maximum loss rules. Your first payout is released 30 calendar days after you place your first trade on your funded account. All subsequent withdrawals can be processed bi-weekly. Your profit split will be 80% up to 90% depending on how profitable you are.

Add-ons for TopTier Trader’s TopTier Challenge

1. 14-Day Payout
2. Double Leverage of 1:100
3. 90% Profit Split
4. Allowed Weekend Trading
5. Allowed EAs
6. Allowed News Trading

TopTier Challenge Scaling Plan

TopTier Challenge also has a scaling plan. If a trader is profitable for two out of the last three months with an average profit return of 6% across the three-month period or achieves a 2% return for each month during the three-month period, then you can scale your account to the next available account size. The account size increase is equal to 25% of the initial account size.

Example:

After 3 Months: A $200,000 account increases to $250,000.

After the Next 3 Months: A $250,000 account increases to $300,000.

After the Next 3 Months: A qualified $300,000 account increases to $350,000.

TopTier Challenge Trading Rules

• Profit Target: Traders must achieve the specified profit target to successfully pass an evaluation phase, scale their trading account, or withdraw earnings. The profit target is 10% for Phase 1 while Phase 2 sets a profit target of 5%. Funded accounts do not have any designated profit targets.
• Maximum Daily Loss: The maximum daily loss on all account sizes is 5%.
• Maximum Loss: The maximum loss on all account sizes is 10%.
• Minimum Trading Days: The minimum trading day requirement to successfully conclude both evaluation phases is 4 days.
• No News Trading: Trading is not permitted when high-impact news is released but it is allowed with Add-on.
• No Martingale: Traders are not allowed to employ any form of martingale strategy when trading
• No Weekend Holding: Traders are not permitted to trade or hold trades during the weekend. This means that all trades end when the market closes on Friday.
• No Expert Advisors: This implies that traders are prohibited from using the services of Expert Advisors to aid their trading.
• No Trade Copiers: Traders are not allowed to use trade copiers to aid their trading.

What Sets TopTier Trading Apart from Other Prop Firms

TopTier Trader stands apart from other industry-leading prop firms mainly because of its funding program: a two-step evaluation account type.

TopTier Trader’s TopTier Challenge is a two-step evaluation where traders are expected to successfully complete two phases before receiving a funded account and subsequent payouts. The profit target for phase one and phase two is 10% and 5% respectively, with a 5% maximum daily and 10% maximum loss rules. Although there are no maximum trading day requirements for both phases, you are required to trade for a minimum of 4 days to complete each evaluation phase.

In addition, The TopTier Challenge has a scaling plan. This allows traders to enjoy more profit by managing larger account sizes. This puts it on par with other prop firms in the industry and their numerous favorable features adds an extra incentive to traders looking for a prop firm to work with.

Is Getting TopTier Trader Capital Realistic?

To increase the likelihood of success, it is necessary to evaluate the trading requirements and conditions of a proprietary firm when considering whether or not it could be the best fit for you. Initial evaluation allows you to determine if it caters to your trading style, offers a conducive environment for growth when a generously funded account and attractive profit split, and how easy it is to use.

The practicability and usefulness of a prop firm decreases where they demand substantial monthly gains while giving little room for error and growth. Plus, time limitations are important to consider because flexible trading day requirements reduces the burden and pressure of trading,

Receiving capital from TopTier Trader is realistic because:

• Receiving capital from the TopTier Challenge is because of its modest profit targets (10% in phase one and 5% in phase two) combined with its realistic maximum loss rules (5% maximum daily and 10% maximum loss). Remember that there are no maximum trading day requirements but there is a minimum trading day requirement of 4 days. Moreover, once both evaluation phases are completed, traders can receive their payouts and enjoy a profit split of 80% up to 90%.

For these reasons, TopTier Trader comes highly recommended as an efficient prop trading firm since you have realistic trading objectives and conditions for receiving a funded account, withdrawal of payouts, and account scaling.

Payment Proof

TopTier Trader is a proprietary trading firm that was founded in October 2021. They have successfully garnered a large community of traders who have reached funded status.

You can find TopTier Trader payment proof on different websites. One of these websites is Trustpilot. Here, you can find comments from traders regarding their experience while working with the trading platform along with how they’ve successfully received payouts. You can also find more payout certificates on TopTier Trader’s Discord channel and YouTube channel, where they post payout certificates and interviews with successful traders.