TopTier Trader, where the best traders come to shine. Imagine having access to up to $600,000 in simulated funding, with the potential to scale up to a whopping $2 million. And the best part? You get to keep up to 90% of the virtual profits.
Whether you're a seasoned trader or just starting out, TopTier Trader offers a unique sandbox environment to test and hone your skills. TopTier Trader offers a unique sandbox environment to test and hone your strategies.
With a TrustScore of 4.7 from over 3,400 reviews, our community of traders around the globe is thriving. Join a global community of traders and start your journey towards financial success today.
Forex Parkey Discount Coupon 💸
With our coupons, you can get attractive discounts if you are looking to prove your skills and earn funded accounts. By using coupon code: SAVE10 traders can save up to 10% on the initial fee for various account sizes. Our coupons make it more affordable to participate in TopTier Trader's evaluation process and potentially manage accounts up to $300,000.
What is TopTier Trader?
Established in 2021 and headquartered in Miami, Florida, TopTier Trader is a relatively new player in the prop trading scene. This firm is backed by industry veterans and has quickly made a name for itself thanks to its unique blend of trader-friendly policies, innovative technology, and unparalleled support.
The company's mission is simple: to discover and nurture trading talent worldwide by providing funded accounts to skilled individuals who prove themselves through a rigorous evaluation process. By removing the barrier of capital, TopTier Trader aims to level the playing field and give every trader a shot at success, regardless of their background or financial situation.
| Key Feature | Details |
|---|---|
| CEO | Dave Guttman |
| Platform | MT4 and TradeLocker |
| Payout Split | Upto 90% |
| First Payout | 30 Days |
| Subsequent Payouts | Bi-weekly |
| Daily Drawdown | 5% |
| Headquarters | USA |
| Expert Advisors | Allowed |
| Max Funding | $300,000 |
| Funding Programs | One Single Challenge |
| Leverage | Forex pairs: 1:100, Commodities: 1:40, Metals: 1:40, Indices: 1:30, Cryptocurrencies: 1:2 |
| Weekend Holding | Allowed |
| Contact | Discord, support@toptiertrader.com |
| Trustpilot Rating | 4.5/5.0 |
How Does the Evaluation Process Work?
TopTier Trader is a proprietary trading firm that offers a unique evaluation process for traders seeking funding. The evaluation consists of a two-phase challenge designed to assess a trader's skills, discipline, and risk management abilities.
In Phase 1, traders must achieve a 10% profit target within 30 days while adhering to a 5% maximum daily loss and 10% maximum overall drawdown. They are required to trade for a minimum of 4 days during this phase. Upon successfully completing Phase 1, traders advance to Phase 2.
Phase 2 has similar rules but with a reduced profit target of 5% and an extended duration of 60 days. Traders must continue to demonstrate consistency and discipline in their trading approach.
Throughout the evaluation, traders can trade a variety of instruments, including forex, indices, metals, commodities, and cryptocurrencies. The use of EAs is permitted on certain account types. If a trader violates any rules or exceeds the drawdown limits, they fail the evaluation and must purchase a new account to try again.
By successfully completing both phases of the TopTier Trader evaluation, traders prove their ability to manage risk and generate consistent profits, earning them a funded account with the prop firm.
| Account Size | Pricing |
|---|---|
| $5,000 | $65 |
| $10,000 | $129 |
| $25,000 | $229 |
| $50,000 | $335 |
| $100,000 | $499 |
| $200,000 | $975 |
| $300,000 | $1,345 |
Scale Up with TopTier Trader
TopTier Trader offers a unique scaling plan that allows consistently profitable traders to increase their account size and profit potential over time. The scaling plan is based on a trader's performance during a 3-month period. If a trader is profitable for at least 2 out of the 3 months and achieves an average profit of 6% or more, they are eligible for a 25% increase in their account balance.
For example, if a trader starts with a $100,000 account and meets the scaling criteria, they will receive an additional $25,000, bringing their new account balance to $125,000. Traders can continue to scale their accounts by 25% increments of the original balance up to a maximum of $2,000,000, providing a clear path for growth.
The scaling plan incentivizes traders to maintain consistent profitability and rewards them with increased capital for demonstrating their skills over an extended period. This unique offering sets TopTier Trader apart from many other proprietary trading firms.
Payouts and Profit Splits of TopTier Trader
TopTier Trader offers an attractive profit split for funded traders, starting at 80% and increasing to 90% for consistently profitable traders. This means that traders keep the majority of the profits they generate, with the prop firm taking a smaller percentage.
The first payout is issued 30 days after the first trade is placed on the funded account, with a minimum withdrawal of $100. Subsequent payouts are processed bi-weekly on the 1st and 15th of each month. Traders can choose to receive their payouts via cryptocurrency or bank wire transfer, providing flexibility in payment methods.
Using the Power of MT4 through a Solid Partnership
TopTier Trader partners with Vital Markets, a well-established broker that is part of the Vantage International Group, to provide liquidity and execute trades for its funded traders. This ensures that TopTier Trader's clients have access to competitive spreads and reliable trade execution.
In terms of trading platforms, TopTier Trader offers two popular options: MetaTrader 4 (MT4) and TradeLocker. MT4 is a widely used platform appreciated by many traders for its user-friendly interface, extensive range of technical indicators, and the ability to automate trading strategies using Expert Advisors (EAs).
TradeLocker is a proprietary platform developed by TopTier Trader that provides a seamless trading experience. It features an SL&TP Calculator, which allows traders to visualize their stop loss and take profit levels based on their preferred risk parameters. TradeLocker also integrates with TradingView, giving traders access to advanced charting tools, technical indicators, and real-time market data.
Both MT4 and TradeLocker are available on desktop, web, and mobile devices, ensuring that traders can access their accounts and manage their positions from anywhere at any time. The combination of a reputable broker like Vital Markets and versatile trading platforms makes TopTier Trader an attractive choice for funded traders.
FAQs related to TopTier Trader
What is TopTier Trader?
Who Founded TopTier Trader?
What is The Evaluation Process for becoming a TopTier Trader?
What are The Drawdown limits for TopTier Funded accounts?
Final Verdict
TopTier Trader stands out as a premier platform for aspiring and experienced traders alike. With its comprehensive educational resources, user-friendly interface, and robust support system, it empowers users to navigate the complexities of trading with confidence.
The platform's commitment to continuous improvement and user satisfaction ensures that it remains at the forefront of the trading industry. Whether you are looking to refine your trading strategies or start from scratch, TopTier Trader offers the tools and guidance needed to achieve your financial goals.
