Get up to $600k in Simulated Funding at Toptiertrader, Scale up to $2 Million and Keep up to 90% of the Virtual Profit!

TopTier Trader Review: Performance and Features

TopTier Trader offers significant opportunities for traders to access larger sums of capital. Governance of such firms is crucial, given the high-risk nature of forex and CFD trading. TopTier Trader has established a reputation for a strong customer service experience. Reviews frequently mention the responsive support provided to traders.

With account sizes  from $5,000 to $300,000,  5 account types, leverage options, and platforms, TopTier Trader is designed to offer flexibility and facilitate a diverse trading experience. 

The prop firm’s  evaluation process, payout ratios, and support for various trading instruments such as forex, indices, crypto, and commodities, are parts that traders love the most. 

Pros and Cons

Let’s check some pros and cons. 

Advantages

Funding Limits: TopTier Trader offers traders the possibility of getting funded up to $300,000.

Profit Sharing: Traders can benefit from a generous profit share ranging from 80% to 90%, depending on their program tier.

Trading Conditions: The firm is known for setting realistic profit targets and providing flexible trading rules, which accommodates various trading strategies.

Platform and Tools: Access to Tradelocker platform. Tradelocker is known for its user-friendliness and widespread acceptance as a reliable trading tool.

Trading Freedom: Holding positions over the weekend and news trading.

Account Growth: There are clear pathways for account scaling.

Expert Advisors and Copy Trading: The use of expert advisors and copy trading is allowed.

Disadvantages

Accessibility: You need to pass a 2-phase evaluation challenge.

Market Variety: While diverse, the markets available for trading—like Forex, Indices, Metals, Commodities, and Cryptocurrencies—are standard, with no standout unique offerings.

No Free Reset: TopTier Trader doesn’t provide free reset.

About TopTier Trader 

TopTier Trader is a proprietary trading firm based in the United States that specializes in providing funded trading accounts to skilled traders. Their business address is: 547 NW 28th St, Miami, FL 33127, United States

They focus on the Forex market, indices, metals, commodities, and cryptocurrencies.

TopTier Trader has a 2-phase evaluation program that determines a trader’s eligibility for a funded account.

Key Features of TopTier Trader:

• Evaluation Program: A 2-Tier assessment to qualify for a funded account.
• Trading Instruments: Offers Forex, indices, and commodities.
• Funding Levels: Traders can get funded with account balances up to $300,000.
• Profit Split: Up to 90% profit payout to traders.
• Customer Service: Responsive and helpful customer support.

Traders must complete the challenge program, which is designed to assess their trading knowledge and risk management skills. Once they pass the trading challenge, they get eligible to get funded. 

Support channels are phone, live chat, and email. 

Funding Program Options

TopTier Trader offers various funding program options to accommodate differing trading strategies and skill levels.

Capital Allocation and Leverage

Leverage is up to a 1:100 ratio across a range of instruments including Forex, cryptocurrencies, indices, and commodities.

The maximum capital allocation provided to traders can go up to $300,000, which can potentially increase with the firm’s scaling plan.

Trading Platforms

The firm supports popular trading platforms such as TradeLocker and MetaTrader 4, giving traders flexibility and choice in terms of user interface and technical analysis tools.

Account Types (Coupon code: SAVE10) 

There are  Regular, Swing, and Extended accounts.  These options allow for variation in trading frequency and holding periods.

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 $80 and goes up to $1,689 for the bigger account size. These sums even get smaller if you us etheir promo code.

Profit and Loss Parameters

Maximum daily loss of 5% and a similar overall loss limit.

Traders have to respect minimum number of trading days and must reach profit targets ranging from 8% to 10% in Tier 1 and 5% in Tier 2 to advance in the program.

Profit Split

Profit split is between 80-90%, favoring the trader, with the remaining 10-20% going to the firm.

Withdrawal Methods

Profits and withdrawals can be processed through bank transfers, bank cards, e-wallets, and crypto wallets.

Challenge Details

TopTier Trader offers a two-phase challenge program for traders aiming to secure a funded account. The challenge is designed to assess a trader’s proficiency and risk management skills.

Phase 1: The Qualification Phase

Minimum days to trade: 4 days.
Challenge duration: 40 days.
Maximum daily loss: 5%
Maximum loss: 10%
Profit target: 10%.

Phase 2: The Verification Phase

Minimum days to trade: 4 days.
Challenge duration: 60 days.
Maximum daily loss: 5%
Maximum loss: 10%
Profit target: 5%.

Key Rules and Targets for Traders:

• Profit Split: Up to 90% of the profits can be claimed by the trader.
• Trading Days: Traders must meet a minimum requirement of 4 minimum days to trade.
• Instruments: The program allows trading Forex, Indices, Metals, Commodities, and Cryptocurrencies.

Criteria	Requirement
Profit Target	Specific to account size and phase
Maximum Drawdown	Strict limit not to be exceeded
Instruments Allowed	Forex, Indices, Metals, Commodities, Cryptocurrencies
Profit Split	Up to 90% to the trader

Participants have the opportunity to trade with an account balance of up to $300,000. Successful completion of both phases grants access to a funded account where the trader can work with real capital.

Initial Fee and Account Balance

• Minimum days to trade: 4 days.
• Challenge duration: 60 calendar days.
• Maximum daily loss: 5%
• Maximum loss: 10%
• Profit target: 5%

Before you buy the account, check the current promotions and discounts. Here is a simplified breakdown of the initial fee structure and the account balances:

Initial Fee (USD)	Account Balance (USD)
80	5,000
375	10,000
700	50,000
1,689	300,000

What’s Unique about TopTier Trader

The firm stands out by accommodating different trading styles, and they include:

• News trading
• Weekend holding

These features fit traders with different strategies.

TopTier Trader offers up to 90% profit split payout to successful traders. This is quite attractive compared to industry standards.

Trading Platforms

TopTier Trader provides traders access to a couple of renowned trading platforms: MetaTrader 4 (MT4) and TradeLocker.

Many traders appreciate MT4 for its:

• Extensive range of technical analysis tools
• Ability to automate trades through Expert Advisors (EAs)
• Robust security features

Highlights of TradeLocker include:

• Intuitive dashboards and reporting tools
• Real-time trade execution tracking
• Streamlined design for enhanced user experience

Both platforms provide a solid foundation for trading activities under TopTier Trader. Selection between the two would depend on the traders’ preference for toolsets and usability.

Brokers Using TopTier Trader

TopTier Trader partners with a variety of brokers to provide their clientele with a range of trading opportunities. These partnerships are vital, as they enable traders to access global financial markets. Below is a list of five brokers known to cooperate with TopTier Trader:

• ThinkMarkets: Robust trading platforms and diverse asset offerings.
• Vital Markets: Competitive spreads and quick execution.
• Pepperstone: Educational resources, beneficial for both beginners and experienced traders.
• Ava Trade: High-volume traders with advanced trading tools and dedicated support.
• FXTM: Known for its user-friendly interface.

 Each broker has distinct features and services, including:

1. Tradeable Assets: Forex to CFDs on Indices, Metals, Commodities, and Cryptocurrencies.
2. Technology: Equipping traders with  platforms for execution and analysis.
3. Support: Offering responsive customer service.
4. Compliance: Respecting regulatory standards for secure trading operations.

Trading Instruments

TopTier Trader provides its clients with many instruments to trade. These include:

• Forex: TopTier Trader offers access to the foreign exchange market, allowing clients to trade various currency pairs.
• Indices: Traders can engage with a range of popular indices, capturing the performance of sectors of the stock market.
• Commodities: This includes the ability to trade in commodities such as precious metals and energies, providing a broad market exposure.
• Cryptocurrency: The firm also caters to the growing demand for digital assets by including cryptocurrencies in their offerings.

Forex and cryptocurrencies have high liquidity and volatility, which can be attractive for traders who prefer fast-paced trading environments. Commodities and indices provide opportunities for those interested in macroeconomic trends and longer-term positions.

Payment Methods

TopTier Trader provides several deposit and withdrawal options, aiming to accommodate a wide range of client preferences.

Deposits to fund the trading challenge or to pay for educational resources can be made using the following methods:

• Wire Transfer
• Credit cards
• Cryptocurrency

User Experience

TopTier Trader is recognized for providing a customer-focused experience, placing a strong emphasis on accessibility and support.

A key feature of their platform is 24/7 customer support, ensuring that traders can get assistance whenever they need it. Customers reportedly find the support team, including members like Talha, to be friendly and responsive, which is crucial for addressing even the most basic queries.

The user interface is described as seamless, facilitating an easy navigation process for users irrespective of their trading experience level. Users have access to a trading platform called TradeLocker, which is favored for its user-friendly design.

To make users comfortable with their trading environment, TopTier Trader provides the following:

• Accessibility: Customer support is readily available through multiple channels, including email and phone.
• Education: Users have resources at their disposal, which may include tutorials or guides.
• Account management: Traders can easily monitor and manage their accounts without unnecessary complications.

The absence of hidden rules further streamlines the user experience, as traders can approach their trading with transparency and clarity. It seems that the efforts made by TopTier Trader to prioritize a smooth user journey are appreciated by their clientele, as reflected in user testimonials.

How to Register and Login

To register with TopTier Trader, potential traders should first visit the official website. The registration process begins on the homepage, where a “Sign Up” or “Get Started” button is typically displayed.

Registration Steps:

1. Click the “Sign Up” button.
2. Fill in the registration form with necessary details such as:

• Full Name
• Email Address
• Phone Number

Create a secure password.

Agree to the terms and conditions.

Submit the form to complete the registration process.

Once registered, traders will receive a confirmation email. It is crucial to check the inbox (and spam folder) for this confirmation to ensure the email address provided is accurate.

Login Procedure:

To log in to an existing TopTier Trader account, follow these simple steps:

1. Navigate to the homepage.
2. Click on the “Login” button.
3. Enter the registered Email Address and Password.
4. Click “Submit” to access the account dashboard.

In the event of a forgotten password, traders can click the “Forgot Password” link usually found on the login page. They’ll be asked to provide the email address associated with their account to receive password reset instructions.

For any technical difficulties during the registration or login process, TopTier Trader’s customer service is available to assist. They are known for quick and friendly responses, ensuring a smooth experience for users.

Support

TopTier Trader emphasizes customer service quality. User feedback highlights exceptional support. Users mention specific names, signifying personalized service. They also express appreciation for prompt and effective issue resolution.

Support Channels:

• Email: Direct support for extensive inquiries.
• Live Chat: Instant assistance, operational 24/7.
• Discord: Community-based support and interaction.

Response Times:

• Users say quick responses are the norm. Direct replies sometimes occur within days.
• Testimonials reflect that the support team acknowledges feedback and resolves queries expediently.

Support Services:

• Problem Solving: Effective troubleshooting by the support team for technical and account-related issues.
• Platform Assistance: Guidance on leveraging the capabilities of the TradeLocker platform, as indicated by reviews.

Verdict

TopTier Trader emerges as a prop trading firm with a significant presence in the trading community. They offer dynamic funding options, enabling traders to access accounts with balances up to $300,000, with some programs extending up to $600,000. Their profit split is competitive, with traders receiving 80%-90% of the profits earned.

Pros:

• Traders benefit from competitive profit splits, enhancing earning potential.
• The two-phase evaluation process ensures that only skilled traders are funded.
• TopTier Trader provides opportunities for both experienced traders and novices.

Cons:

• Passing the strict evaluation process can be demanding, possibly excluding some worthy traders.
• There is an initial fee involved, which, although refundable, might be a barrier for some.

Suitability:

• The firm is best suited for serious traders with a proven track record.
• Begginers willing to try out the two-tier evaluation can find a good training ground.

Frequently Asked Questions

What are the experiences of users with TopTier Trader on Trustpilot?

Positive. Company has a high Trustpilot score of 4.6 from 3k reviews. 

Who is the CEO?

Dave Gutman. You can check all about him on the TopTier Trader website.

Is it easy to get funded with TopTier Trader?

Somewhat. TopTier Trader offers a two-phase challenge program that traders must pass to get funded. According to user reviews, they didn’t had problems passing the challenge.

Where is TopTier Trader located?

TopTier Trader is a proprietary trading firm based in the United States. 

Are there any free trials?

No. Toptier Trader doesn’t have free trials at the moment.