REVIEW SUMMARY
TopTier Trader is a Forex prop firm, located in Miami, Florida, USA. It was founded in 2021.
FEATURES
Instruments: Forex, Indices, Metals, Commodities, Crypto.
Max balance: $2,000,000
Profit split: up to 90%
Cost: from $65
Platforms: MT4, MT5.
PROS & CONS
What I like:
What could be improved:
TopTier Trader is a prop trading firm located in the USA.
In this article, you’ll get a review of this prop firm, including analysis and instructions to get funded with an account from TopTier Trader.
Here’s what you’re going to learn:
TopTier Trader is a prop firm located in Miami, Florida, USA. It was founded in 2021 so it already has some experience with funding traders.
TopTier Trader is a prop firm that funds traders to trade Forex and other CFDs trading assets.
Here’s a list of all of the instruments:
TopTier Trader funds traders with account balances that go from $5,000 up to $300,000.
The prices of the products are different according to the account size that you are applying to. The price for the smaller account is $65 and goes up to $1,345 for the bigger account size.
These prices can increase depending on the add-ons you want to have activated on your account.
The leverage provided by the prop firm depends on the instrument category that you are trading. Here’s the list of leverage by category for the Challenge Regular and Challenge Plus accounts:
And here’s the leverage for the Challenge Swing account type:
The profit split starts at 80% but can be increased over time up to 90% if you keep trading with consistency.
According to Trustpilot, TopTier Trader is classified as excellent. It’s scoring an impressive 4.8/5.0 after more than 2,500+ reviews from users.
The TopTier Challenge Account lets you apply to a regular or swing account type. You need to prove your experience in a 2-phase evaluation process.
You just need to achieve a profit target and trade for a minimum number of days avoiding exceeding a maximum daily loss and a maximum loss.
During this phase, you need to achieve a profit target with no time limit. Here are all the details:
After you complete the phase 1 challenge, you’re ready to start phase 2.
This phase also doesn’t have a time limit to achieve the profit target. TopTier removed the limits that were in existence before. You just need to make sure you don’t break any rules. All the rules are the same as in phase 1 except the profit target that reduces. Here are all the details:
The Plus challenge is very similar to the other challenge. You must prove your experience in a quick 2-phase evaluation process. Let’s look at all the details.
During this phase, you need to achieve a profit target and there’s no time limit. Here are all the details:
After you complete the phase 1 challenge, you’re ready to start phase 2.
In this phase, you also don’t have any time limit to achieve the profit target. Just make sure you stay within the maximum daily and overall losses. All the rules are the same as in phase 1 except the profit target that reduces. Here are all the details:
If you like to use EAs to trade, TopTier Trader is a great prop firm for you. They allow EAs although only on the Plus account type. So if you want to use your EA to trade with TopTier Trader, make sure that you select the right account type.
Unfortunately, TopTier Trader doesn’t offer free trials at the moment.
TopTier Trader doesn’t provide free repeats.
You can get a discount though, use the coupon mftj8q and get 20% off on your purchase.
TopTier Trader gives you access to the most popular trading platform used by Forex brokers.
You can use:
Holding trades overnight is allowed on all programs. You can have your positions open for as long as you want according to your own trading style. Just be careful with daily and weekend gaps.
Holding trades over the weekend is only allowed for the Swing and Plus account types. If you’re trading the Regular account you must close your positions before the weekend.
There are some restrictions on news trading. For the Regular and Swing account types you can’t open or close trades between 2 minutes before and after important news releases. You can keep existing trades open though.
If you’re trading the Plus account type there are no news restrictions. You just need to be careful with the volatility, but if you’re like me, those are the best times of the day to trade. Just don’t exceed your maximum safe lot size and manage your trades properly.
Here are all the payment types accepted by TopTier Trader:
Yes, TopTier Trader is a legitimate company.
Here are the contacts to reach them:
You can also contact them through the live chat on their website.
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