TopTier Trader Review
Traders are offered a position in the TopTier Trader prop firm, allowing them to manage and grow their accounts while participating in the scaling plan. They provide traders with an elite trading environment and excellent overall trading conditions, with profit splits ranging from 80% to 90%.
Pros
- Excellent 4.2/5 Trustpilot rating
- Two Distinct Funding Initiatives
- Dashboard for Professional Traders
- A Wide Range of Trading Tools (Cryptocurrencies, Commodities, Indices, and Forex Pairs)
- Use up to 1:100 in leverage.
- No scaling plan with a maximum trading period
- Payouts every two weeks
- 80% to 90% of the profit
- Allowable Overnight Holding
- Except for the Regular TopTier Challenge, weekend holding is permitted.
- Balance-based Drawdown on TopTier Challenge with News Trading Permitted
Cons
- Minimal Leverage with Voltage TopTier Challenge: TopTier Challenge Plus’s first maximum drawdown of 8%
- Four days is the minimum trading day requirement; weekends are not held during the regular TopTier Challenge.
TopTier Trader motivates traders to excel in their careers, allowing them the flexibility to trade at their discretion and hold positions without any time constraints. Traders have the opportunity to earn substantial profits, with the flexibility to manage account sizes up to $300,000 and receive up to 90% profit splits. This can be accomplished through trading various financial instruments, including forex pairs, commodities, indices, and cryptocurrencies.
Who are TopTier Traders?
TopTier Trader is a proprietary trading company that was formed on October 18, 2021, under the legal name TopTier Trader LLC. CEO Jamal Hollingsworth is in charge of them, and they are based in Florida, USA. TopTier Trader gives traders the option to select between a straightforward two-step assessment and collaborating with ThinkMarkets as their broker.
TopTier Trader’s headquarters are located at 547 NW 28th St, Miami, FL 33127.
Who is the CEO of TopTier Trader?
Jamal Hollingsworth is the CEO of TopTier Trader. Note that we will be adding more information about their CEO in the future. Stay tuned!
Funding Program Options
TopTier Trader provides its traders with a single funding program option.
TopTier Challenge
TopTier Trader’s The TopTier Challenge allows traders to manage $5,000 to $300,000 in account balances. The objective is to identify knowledgeable traders who can successfully control risk throughout the two-step assessment process and make money. When trading in the TopTier Challenge, you are permitted to utilize leverage of up to 1:100.
| Account Size | Price |
| $5,000 | $65 |
| $10,000 | $129 |
| $25,000 | $229 |
| $50,000 | $335 |
| $100,000 | $499 |
| $200,000 | $975 |
| $300,000 | $1,345 |
A trader in evaluation phase one is supposed to make a 10% profit target while not violating their 5% maximum loss for a trading day and 10% maximum losses. On the time requirements, keep in mind that you have no maximum number of trading days when in evaluation phase one. Instead, you should cover at least four trading days as a requirement for moving forward into evaluation phase two.
The phase two evaluation requires a trader to meet the 5% profit target without exceeding their 5% maximum daily loss or 10% maximum loss rules. Regarding time constraints, please remember that you do not have any maximum trading days during phase two. But you are bound to trade at least four trading days so that you can proceed to a funded account.
Completing both evaluation phases awards you a funded account with no minimum withdrawal requirements. You only need to honor the 5% maximum daily loss and 10% maximum loss rules. Your first payout is 30 calendar days from the day you place your first position on your funded account, while all other withdrawals can be submitted bi-weekly. Your profit split will be 80% up to 90% based on the profit you make on your funded account.
Add-ons for TopTier Trader’s TopTier Challenge
- Double Leverage of 1:100,
- 90% Profit Split,
- 14-Day Payout
- Permitted Trading on Weekends
- Permitted EAs
- Permitted Trading in News
- Scaling Plan for the TopTier Challenge
There is a scaling strategy for the TopTier Challenge as well. An account size increase of 25% of the original account size will be granted to traders who are successful for at least two of the previous three months, with either an average return of 6% over the three months or a return of 2% each month throughout the three months.
For instance:
Three months later, a $100,000 account that qualifies rises to $125,000.
- An eligible $125,000 account grows to $150,000 after the next three months.
- An eligible $150,000 account rises to $175,000 after the next three months.
And so forth.
TopTier Challenge Trading Rules & Objectives
- Profit Target – Traders need to hit a targeted profit percentage to successfully complete an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1 is 10%, while Phase 2 requires hitting a profit target of 5%. Funded accounts do not have any specified profit targets.
- Maximum Daily Loss – The maximum amount a trader can lose in a trading day before breaching the account. Every account size has a maximum of 5% daily loss.
- Maximum Loss – The maximum amount a trader can lose before breaching the account in total. All account sizes have a maximum loss of 10%.
- Minimum Trading Days – The minimum number of days you have to trade to successfully complete an evaluation period. Both evaluation periods require at least 4 trading days.
- No News Trading – Trading is not allowed during news releases considered high impact. (Allowed with Add-on)
- No Martingale – Traders cannot use any form of a martingale strategy when trading.
- No Weekend Holding – Traders are restricted from keeping trades during the weekend, hence all trades should be closed before the Friday market closure. (Allowed with Add-on)
- No Expert Advisors – This means that the traders are restricted from utilizing the services of Expert Advisors while engaging in trading activities. (Allowed with Add-on)
- No Trade Copiers – This means that the traders are restricted from using the services of Trade Copiers while engaging in trading activities.
What Makes TopTier Trader Different From Other Prop Firms?
TopTier Trader differs from most industry-leading prop firms because it provides a two-step examination and a single account type. They also provide a lot of beneficial features, such biweekly payments, an infinite trading time, and other add-on features.
Before being eligible for rewards, traders must successfully complete two phases of TopTier Trader‘s TopTier Challenge examination. With a daily maximum of 5% and a maximum loss of 10%, the profit aim is 10% in phase one and 5% in phase two. During any assessment phase, you are also not subject to any maximum trading day limitations. However, throughout each evaluation phase, you must trade for at least four calendar days. Additionally, the TopTier Challenge offers a special scaling strategy that enables traders to oversee even bigger account amounts. In contrast to previous financing initiatives the TopTier Challenge distinguishes itself in the business primarily because of its bi-weekly payments, several add-on options, and limitless trading duration.
Example of comparison between TopTier Trader & FXIFY
| Trading Objectives | TopTier Trader | FXIFY |
| Phase 1 Profit Target | 10% | 10% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 5% |
| Maximum Loss | 10% | 10% |
| Minimum Trading Days | 4 Calendar Days | 5 Calendar Days |
| Maximum Trading Period | Phase 1: UnlimitedPhase 2: Unlimited | Phase 1: UnlimitedPhase 2: Unlimited |
| Profit Split | 80% up to 90% | 75% up to 90% |
Example of comparison between TopTier Trader & E8 Markets
| Trading Objectives | TopTier Trader | E8 Markets |
| Phase 1 Profit Target | 10% | 8% |
| Phase 2 Profit Target | 5% | 4% |
| Maximum Daily Loss | 5% | 4% |
| Maximum Loss | 10% | 8% (Scaleable up to 14%) |
| Minimum Trading Days | 4 Calendar Days | No Minimum Trading Days |
| Maximum Trading Period | Phase 1: UnlimitedPhase 2: Unlimited | Phase 1: UnlimitedPhase 2: Unlimited |
| Profit Split | 80% up to 90% | 80% |
Example of comparison between TopTier Trader & Funding Pips
| Trading Objectives | TopTier Trader | Funding Pips |
| Phase 1 Profit Target | 10% | 8% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 5% (Scaleable up to 7%) |
| Maximum Loss | 10% | 10% (Scaleable up to 14%) |
| Minimum Trading Days | 4 Calendar Days | 3 Calendar Days |
| Maximum Trading Period | Phase 1: UnlimitedPhase 2: Unlimited | Phase 1: UnlimitedPhase 2: Unlimited |
| Profit Split | 80% up to 90% | 60% up to 100% + Monthly Salary |
In conclusion, TopTier Trader differs from other industry-leading prop firms by providing a two-step assessment and a single account type. They also provide a lot of beneficial features, such biweekly payments, an infinite trading time, and other add-on features.
Is Getting TopTier Trader Capital Realistic?
The achievability of the trading requirements is a key element in the assessment of whether proprietary trading firms suit your forex trading style. When a company may look very appealing with a high percentage profit split on a generously funded account, practicality decreases if they demand significant monthly gains with minimal maximum drawdown percentages, thereby drastically reducing the potential for success. In addition, one needs to explore time constraints and how an unbounded trading period is the best as it removes any pressure related to time. Lastly, when assessing and reviewing for funding, it is quite important to familiarize oneself with all the trading rules as this may prevent accidental infractions against the terms and conditions of a trading account.
Receiving capital from the TopTier Challenge is feasible mainly because of its average profit targets (10% in phase one and 5% in phase two) coupled with average maximum loss rules (5% maximum daily and 10% maximum loss). There are no maximum trading day requirements while having a minimum trading day requirement of 4 calendar days. Additionally, after both evaluation phases are completed successfully, the participants are eligible for payouts having a very favorable distribution of profits between 80-90%.
Taking all the considerations into account, TopTier Trader is definitely highly recommended since you only have one funding program to choose from which features very realistic trading objectives and very achievable conditions for qualifying for payouts.
Payment Proof
TopTier Trader is a proprietary trading firm incorporated on the 18th of October, 2021. They have a huge number of traders who have qualified and made it to funded status, hence splitting their profits.
While working with TopTier Trader and reaching funded status with the TopTier Challenge, you will be eligible to receive your first payout after 30 calendar days. However, after your first payout, you will be eligible to receive payouts if you exceed your initial account size every 14 calendar days. Your profit split will consist of a generous 80% up to 90% based on the profit that you have generated on your funded account.
When it comes to TopTier Trader payment proof, you can find it on numerous websites. Trustpilot serves as one example, where traders leave comments on their experiences dealing with the firm and the steps they took to get paid. Several compensation certificates and interviews with the most successful traders may be found on TopTier Trader‘s Discord channel and YouTube channels, which are additional sources of payment verification.
Examples of Payout Certificates and Payment Proof can be seen in the images below.
Which Broker Does TopTier Trader Use?
TopTier Trader is partnered with ThinkMarkets as its broker.
ThinkMarkets is a high-end online multi-asset brokerage with offices in Melbourne and London. In addition to offering some of the most well-known trading solutions, including MetaTrader 4, MetaTrader 5, and their own ThinkTrader platform, they offer rapid and simple access to a variety of marketplaces.
As for trading platforms, while you are working with TopTier Trader, they allow you to trade on TradeLocker.
Trading Instruments
As mentioned above, TopTier Trader is partnered with ThinkMarkets, and they enable you to trade a variety of trading products, including as commodities, indices, FX pairings, and cryptocurrencies, with leverage as high as 1:100, depending on the trading instrument.
Forex Pairs
| EUR/CAD | CAD/JPY | CHF/JPY | EUR/CHF | EUR/GBP | EUR/JPY |
| EUR/USD | GBP/CAD | GBP/CHF | GBP/JPY | GBP/USD | USD/CAD |
| USD/CHF | USD/JPY | AUD/CAD | AUD/CHF | AUD/JPY | AUD/NZD |
| AUD/USD | CAD/CHF | EUR/AUD | EUR/NOK | EUR/NZD | EUR/SEK |
| EUR/SGD | GBP/AUD | GBP/NZD | NZD/CAD | NZD/CHF | NZD/JPY |
| NZD/USD | USD/NOK | USD/SEK | USD/SGD | EUR/HUF | USD/BRL |
| USD/CNH | USD/HUF | USD/MXN | USD/TRY | USD/ZAR | EUR/CZK |
| EUR/PLN | EUR/ZAR | GBP/ZAR | EUR/TRY |
Commodities
| XAU/USD | XAU/EUR | XAG/USD | WTI | BRENT |
| NGAS | COPPER | XPT/USD | CORN | SOYBEANS |
| WHEAT |
Indices
| AUS200 | ESTX50 | FRA40 | GER40 | UK100 |
| JPN225 | NAS100 | SPX500 | US30 | CHINA50 |
| HK50 | SPAIN35 | VIX | US2000 | TAIEX |
Cryptocurrencies
| BTC/USD | ETH/USD | LTC/USD | BCH/USD |
Trading Fees
Trading Commission
| Trading Instrument | Commission Fee |
| FOREX | 7 USD / LOT |
| COMMODITIES | 7 USD / LOT (Only Metals) |
| INDICES | 0 USD / LOT |
| CRYPTO | 0 USD / LOT |
Spread Account
| Platform | Server | Login Number | Password | Download Platform |
| TradeLocker | – | – | – | Click here |
Education
TopTier Trader offers its community educational information in a comprehensive Insights area, including the following six categories:
- Market Watch Meetings
- FX Summit,
- Traders,
- Trading Advice,
Updates
All clients of TopTier Trader also have access to a well-organized dashboard that makes risk management simpler with comprehensive statistics goals.
TopTier Trader Trading Dashboard
Trustpilot Feedback
TopTier Trader has gathered a great score on Trustpilot based on their community’s feedback.
On Trustpilot, TopTier Trader has a large variety of their community commenting and providing positive feedback regarding their company services. The firm has achieved an impressive rating of 4.2 out of 5 from a substantial pool of 3,808 reviews. Notably, 87% of these reviews have awarded TopTier Trader the highest rating of 5 stars.
The first comment shows that TopTier Trader’s customer service is praised for its efficiency in resolving issues and providing clear answers to questions. The client appreciates the accessibility of support, feeling reassured that assistance is only a message away and never feeling stuck with their concerns.
The overall experience with TopTier Trader was smooth and easy, with gratitude expressed for promptly answering all questions. The client acknowledges the professionalism and quick response, contrasting it positively with their experiences with other prop firms. They anticipate having more questions in the future but are satisfied with the current prompt and professional assistance.
Social Media Statistics
TopTier Trader can also be found on numerous social media platforms.
| 67,300 Followers | |
| Discord | 28,943 Members |
| YouTube | 11,300 Subscribers |
| 7,799 Followers | |
| 4,400 Members | |
| TikTok | 596 Followers & 1,615 Likes |
| Telegram | 6,678 Members |
Customer Support
| Live Chat | ✅ |
| support@toptiertrader.com | |
| Phone | 888-396-8550 |
| Discord | Discord Link |
| Telegram | Telegram Link |
| FAQ | FAQ Link |
| Help Center | ❌ |
| ❌ | |
| Messenger | ❌ |
| Supported Languages | English, French, German, Portuguese, Spanish |
Account Opening Process
- Registration Form – Register with TopTier Trader by filling out the registration form with your personal details.
- Choose Your Account – Choose your account type, account size, and trading platform.
- Choose Your Payment Method – Choose between a credit/debit card and a cryptocurrency payment method.
- Receive Login Credentials – Find an email with a greeting from TopTier Trader, where you can access your login credentials for your newly purchased trading account.
Conclusion
In conclusion, TopTier Trader This is a reputable and trustworthy proprietary trading firm that offers the traders an opportunity to choose a single funding program, known as TopTier Challenge, which is a two-step evaluation.
TopTier Trader‘s TopTier Challenge is an industry-standard two-step evaluation that requires the completion of two phases before becoming eligible to manage a funded account and earn 80% up to 90% profit splits. Traders must reach profit targets of 10% in phase one and 5% in phase two to become successfully funded. These are realistic trading objectives, bearing in mind you’re following 5% maximum daily and 10% maximum loss rules. For time limitations, you have no maximum trading day requirements during either evaluation phase. However, you are required to trade for a minimum of 4 calendar days in each evaluation phase. Finally, it is worth mentioning that the TopTier Challenge has a scaling plan, which means you can scale up your initial account balance.
I would refer TopTier Trader to any client seeking a professional proprietary trading firm with great trading conditions for people who come in different shapes and forms and have a unique trading style. They offer exclusive features to traders such as unlimited trading period, various add-on features, and payout every other week. With everything TopTier Trader offers the trading world, they are, no doubt, a good choice within the prop trading industry.
What are your individual opinions on TopTier Trader and the services they offer?
Do they align with the trading conditions and services you’ve been seeking?
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