TopTier Trader Review (15% cashback)
4.0

TopTier Trader Review (15% cashback)

Traders are offered a placement in the TopTier Trader prop firm, enabling them to manage and continuously grow their accounts with their presented scaling plan. They offer their traders an 80% profit split while covering all the losses.
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TopTier Trader is a proprietary firm searching for experienced traders. They created a 2-Phase Evaluation process to determine if a trader has what they are looking for.

Pros
  • Known CEO
  • Over 2k Trustpilot reviews with an excellent rating of 4.9/5
  • Oneevaluation free retry
  • Funding up to $600,000
  • Scaling plan up to $2,000,000
  • Profit split of 80%
  • Leverage up to 100:1
  • Tradable instruments forex pairs, commodities, indices, and cryptocurrencies
  • Weekend and news trading allowed
Cons
  • New company (since 18 Oct 2021)

Traders at Top Tier Trader are encouraged to succeed in their careers. You may trade at your discretion and hold your trades as long as you want. The only restrictions are using EAs and copy trading, which is prohibited. Besides that, all they care about are the loss limits, while their main goal is to contract consistent traders and reward them with their high 80% profit split.

Who are Top Tier Trader?

Top Tier Trader is a relatively new proprietary firm that launched on the 18th of October, 2021. They are located in the US, Delaware, and offer undercapitalized traders up to $600,000 in funding with a profit split of 80%. Remember that they also have a scaling plan for their most successful traders, which goes up to $2,000,000 in balance. They provide their clients with Vital Markets as a broker.

Video Review

Funding program options

Top Tier Trader offers its traders two different programs to choose from:

  • Top Tier Challenge evaluation program accounts
    • Regular Top Tier Challenge evaluation program accounts
    • Swing Top Tier Challenge evaluation program accounts
  • Top Tier Challenge Plus evaluation program accounts

Top Tier Challenge evaluation program accounts

1. Regular Top Tier Challenge evaluation program accounts

Regular Top Tier Challenge evaluation program account aims to identify serious, and talented traders, who are rewarded for their consistency in the two-phase evaluation period. The evaluation program account allows you to trade with 1:100 leverage.

Account sizePrice
$25,000$255
$50,000$350
$100,000$560
$200,000$999

Evaluation phase one requires a trader to reach a profit target of 10% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. You are required to hit your profit target in 30 calendar days from the day you place your first position on your evaluation account. You are also required to trade a minimum of seven trading days in order to proceed to phase two.

Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. You are required to hit your profit target in 60 calendar days from the day you place your first position on your evaluation account. You are also required to trade a minimum of seven trading days in order to proceed to a funded account.

By completing both evaluation phases you are awarded a funded account where you have no profit targets. You are only required to respect the 5% maximum daily loss and 10% maximum loss rules. Your first payout is 14 calendar days from the day you place your first position on your funded account. In this time period, you have no minimum trading day requirements as well as no other restrictions. Your profit split will be 80% based on the profit you make on your funded account.

Regular Top Tier Challenge evaluation program account scaling plan

Regular Top Tier Challenge evaluation program accounts also have a scaling plan. You are required to reach a profit target of 6% or more within a three-month period where two out of the three months were profitable. You will receive an account increase of 25% of the original account balance up to a maximum balance of $2,000,000.

Example:

After 3 months: If you have a $200,000 account, your account balance will increase to $250,000.

After next 3 months: Balance of $250,000 increases to $300,000.

After next 3 months: Balance of $300,000 increases to $350,000.

And so on…

Trading instruments for the evaluation program accounts are forex pairs, commodities, indices, and cryptocurrencies.

Regular Top Tier Challenge evaluation program account rules

  • Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase 1 profit target is 10%, while phase 2 has a profit target of 5%. Funded accounts have no profit targets.
  • Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 5%.
  • Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 10%.
  • Minimum trading days is the minimum period which you are required to trade for before you can complete an evaluation phase, or request a withdrawal. Both phases have a 7 minimum trading day requirement. Funded accounts have no minimum trading day requirements.
  • Maximum trading days are the maximum period in which you are required to hit a specific profit target or withdrawal target. Phase 1 has a maximum of 30 trading days period while phase 2 has a maximum of 60 trading days period.
  • No weekend holding means that traders are not allowed to hold open positions during the weekends.
  • No EAs allowed means that traders are not allowed to use any type of EA services.
  • No copy trading allowed means that traders are not allowed to use any type of copy trading services.

2. Swing Top Tier Challenge evaluation program accounts

Swing Top Tier Challenge evaluation program account aims to identify serious, and talented traders, who are rewarded for their consistency in the two-phase evaluation period. The evaluation program account allows you to trade with 1:30 leverage.

Account sizePrice
$25,000$255
$50,000$350
$100,000$560
$200,000$999

Evaluation phase one requires a trader to reach a profit target of 10% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. You are required to hit your profit target in 30 calendar days from the day you place your first position on your evaluation account. You are also required to trade a minimum of seven trading days in order to proceed to phase two.

Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. You are required to hit your profit target in 60 calendar days from the day you place your first position on your evaluation account. You are also required to trade a minimum of seven trading days in order to proceed to a funded account.

By completing both evaluation phases you are awarded a funded account where you have no profit targets. You are only required to respect the 5% maximum daily loss and 10% maximum loss rules. Your first payout is 14 calendar days from the day you place your first position on your funded account. In this time period, you have no minimum trading day requirements as well as no other restrictions. Your profit split will be 80% based on the profit you make on your funded account.

Swing Top Tier Challenge evaluation program account scaling plan

Swing Top Tier Challenge evaluation program accounts also have a scaling plan. You are required to reach a profit target of 6% or more within a three-month period where two out of the three months were profitable. You will receive an account increase of 25% of the original account balance up to a maximum balance of $2,000,000.

Example:

After 3 months: If you have a $200,000 account, your account balance will increase to $250,000.

After next 3 months: Balance of $250,000 increases to $300,000.

After next 3 months: Balance of $300,000 increases to $350,000.

And so on…

Trading instruments for the evaluation program accounts are forex pairs, commodities, indices, and cryptocurrencies.

Swing Top Tier Challenge evaluation program account rules

  • Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase 1 profit target is 10%, while phase 2 has a profit target of 5%. Funded accounts have no profit targets.
  • Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 5%.
  • Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 10%.
  • Minimum trading days is the minimum period which you are required to trade for before you can complete an evaluation phase, or request a withdrawal. Both phases have a 7 minimum trading day requirement. Funded accounts have no minimum trading day requirements.
  • Maximum trading days are the maximum period in which you are required to hit a specific profit target or withdrawal target. Phase 1 has a maximum of 30 trading days period while phase 2 has a maximum of 60 trading days period.
  • No EAs allowed means that traders are not allowed to use any type of EA services.
  • No copy trading allowed means that traders are not allowed to use any type of copy trading services.

Top Tier Challenge Plus evaluation program accounts

Top Tier Challenge Plus evaluation program account aims to identify serious, and talented traders, who are rewarded for their consistency in the two-phase evaluation period. The evaluation program account allows you to trade with 1:100 leverage.

Account sizePrice
$25,000$250
$50,000$375
$100,000$599
$200,000$999
$300,0001,399

Evaluation phase one requires a trader to reach a profit target of 8% while not surpassing their 5% maximum daily loss or 8% maximum loss rules. You are required to hit your profit target in 30 calendar days from the day you place your first position on your evaluation account. You are also required to trade a minimum of seven trading days in order to proceed to phase two.

Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 8% maximum loss rules. You are required to hit your profit target in 60 calendar days from the day you place your first position on your evaluation account. You are also required to trade a minimum of seven trading days in order to proceed to a funded account.

By completing both evaluation phases you are awarded a funded account where you have no profit targets. You are only required to respect the 5% maximum daily loss and 8% maximum loss rules. Your first payout is 14 calendar days from the day you place your first position on your funded account. In this time period, you have no minimum trading day requirements as well as no other restrictions. Your profit split will be 80% up to 90% based on the profit you make on your funded account.

Top Tier Challenge Plus evaluation program account scaling plan

Top Tier Challenge Plus evaluation program accounts also have a scaling plan. You are required to reach a profit target of 6% or more within a three-month period where two out of the three months were profitable. You will receive an account increase of 25% of the original account balance up to a maximum balance of $2,000,000.

Example:

After 3 months: If you have a $200,000 account, your account balance will increase to $250,000.

After next 3 months: Balance of $250,000 increases to $300,000.

After next 3 months: Balance of $300,000 increases to $350,000.

And so on…

Trading instruments for the evaluation program accounts are forex pairs, commodities, indices, and cryptocurrencies.

Top Tier Challenge Plus evaluation program account rules

  • Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase 1 profit target is 8%, while phase 2 has a profit target of 5%. Funded accounts have no profit targets.
  • Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 5%.
  • Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 8%.
  • Minimum trading days is the minimum period which you are required to trade for before you can complete an evaluation phase, or request a withdrawal. Both phases have a 7 minimum trading day requirement. Funded accounts have no minimum trading day requirements.
  • Maximum trading days are the maximum period in which you are required to hit a specific profit target or withdrawal target. Phase 1 has a maximum of 30 trading days period while phase 2 has a maximum of 60 trading days period.

What makes Top Tier Trader different from any other prop firm?

Top Tier Trader is different from most of the industry-leading prop firms due to offering two different two-step evaluation funding programs: Top Tier Challenge and Top Tier Challenge Plus. They also almost never regulate your trading style. You can trade during news, hold trades overnight, and during the weekends.

Compared to other prop firms, the Top Tier Trader evaluation program is a two-phase evaluation program that requires traders to complete two phases before being eligible for payouts. The profit target is 10% in phase one and 5% in phase two with a 5% maximum daily and 10% maximum loss rules, you are also required to trade a minimum of seven trading days in each phase before becoming funded. Evaluation programs also have a scaling plan. Compared to other industry-leading prop firms, they have average profit targets and minimum trading day requirements.

Example of comparison between Top Tier Trader & True Forex Funds

Trading objectivesTop Tier TraderTrue Forex Funds
Phase 1 profit target10%8%
Phase 2 profit target5%5%
Maximum daily loss5%5%
Maximum loss10%10%
Minimum trading days7 calendar daysNo minimum trading days
Profit split80%80%

Example of comparison between Top Tier Trader & E8 Funding

Trading objectivesTop Tier TraderE8 Funding
Phase 1 profit target10%8%
Phase 2 profit target5%5%
Maximum daily loss5%5%
Maximum loss10%8%
Minimum trading days7 calendar daysNo minimum trading days
Profit split80%80%

Example of comparison between Top Tier Trader & My Forex Funds

Trading objectivesTop Tier TraderMy Forex Funds
Phase 1 profit target10%8%
Phase 2 profit target5%5%
Maximum daily loss5%5%
Maximum loss10%12%
Minimum trading days7 calendar days5 calendar days
Profit split80%75% up to 85%

Compared to other prop firms, the Top Tier Challenge Plus evaluation program is also a two-phase evaluation program that requires traders to complete two phases before being eligible for payouts. The profit target is 8% in phase one and 5% in phase two with a 5% maximum daily and 8% maximum loss rules, you are also required to trade a minimum of seven trading days in each phase before becoming funded. Evaluation programs also have a scaling plan. Compared to other industry-leading prop firms they have below average profit targets and average minimum trading day requirements.

Example of comparison between Top Tier Trader & FundedNext

Trading objectivesTop Tier TraderFundedNext
Phase 1 profit target8%10%
Phase 2 profit target5%5%
Maximum daily loss5%5%
Maximum loss8%10%
Minimum trading days7 calendar days5 calendar days
Profit split80% up to 90%80% up to 90%

Example of comparison between Top Tier Trader & Finotive Funding

Trading objectivesTop Tier TraderFinotive Funding
Phase 1 profit target8%7.5%
Phase 2 profit target5%5%
Maximum daily loss5%5%
Maximum loss8%10%
Minimum trading days7 calendar days5 calendar days
Profit split80% up to 90%75% up to 95%

Example of comparison between Top Tier Trader & Funded Trading Plus

Trading objectivesTop Tier TraderFunded Trading Plus
Phase 1 profit target8%10%
Phase 2 profit target5%5%
Maximum daily loss5%5%
Maximum loss8%10%
Minimum trading days7 calendar daysNo minimum trading days
Profit split80% up to 90%80% up to 90%

In conclusion, Top Tier Trader is different from most of the industry-leading prop firms due to never regulating your trading style, you can trade during news, hold trades overnight, and during the weekends. You are only not allowed to use EAs or copy trading services.

Is getting Top Tier Trader capital realistic?

It’s essential to see how realistic the trading requirements are when looking at prop firms that best suit you and your forex trading style. For example, a company offering a high % profit split on a highly funded account sounds great, but if they expect high % gains per month with low % maximum drawdowns, your chances of success become close to zero.

Receiving capital from the Top Tier Challenge evaluation program accounts is realistic mostly since they have industry average profit targets (10% in phase one and 5% in phase two) with average maximum loss rules (5% maximum daily and 10% maximum loss).

Receiving capital from the Top Tier Challenge Plus evaluation program accounts is also realistic mostly since they have industry below average profit targets (8% in phase one and 5% in phase two) with average maximum loss rules (5% maximum daily and 8% maximum loss).

After considering all of that, Top Tier Trader is an excellent choice to get funded since you have two different funding programs you can choose from that have realistic trading objectives to follow and conditions to receive payouts.

Payment proof

Top Tier Trader was founded on the 18th of October, 2021. Traders can request withdrawals of their profit splits by submitting an invoice, which will get reviewed, and payouts will be processed. Traders must have their account active for 20 days to request their first payout. After that, they are eligible for bi-weekly payouts. You should allow 24-48 hours for payment processing while deducting their profit splits.

You can join their Discord channel for payment proof, where they have an article named payout proof.

You can watch interviews with their traders for additional payment proof on their Youtube channel. For example, watch the video listed below:

Which brokers does Top Tier Trader use?

Top Tier Trader uses Vital Markets as its broker. Their headquarters are located in Sydney, while they were founded in 2016 and are a subsidiary of Vantage International Group (VIG).

As for trading platforms, they allow you to trade on Meta Trader 4.

Trading instruments

Top Tier Trader allows you to trade forex pairs with 100:1 leverage, commodities with 40:1 leverage, indices with 30:1 leverage, and cryptocurrencies with 2:1 leverage.

FOREX:USDCHFGBPUSDEURUSDUSDJPYUSDCAD
AUDUSDEURGBPEURAUDEURCHFEURJPYGBPCHF
CADJPYGBPJPYAUDNZDAUDCADAUDCHFAUDJPY
CHFJPYEURNZDEURCADCADCHFNZDJPYNZDUSD
CADSGDEURCZKEURDKKEURHKDEURHUFEURNOK
EURPLNEURSEKEURSGDEURTRYEURZARGBPDKK
GBPNOKGBPSEKNOKSEKUSDCNHUSDCZKUSDDKK
USDHKDUSDHUFUSDILSUSDMXNUSDNOKUSDPLN
USDRUBUSDSEKUSDSGDUSDTRYUSDZARGBPAUD
GBPCADGBPNZDNZDCADNZDCHF
COMMODITIES:COPPERNGASUKOilUSOilXAGUSD
XAUUSDXPTUSD
INDICES:DAXNAS100US30ESP35EUSTX50
FRA40JPY225SPX500UK100
CRYPTO:BTCUSDETHUSDLTCUSD

Trading fees

Trading commission:

AssetsFee terms
FOREX 5 USD / LOT
COMMODITIES 5 USD / LOT
INDICES 5 USD / LOT
CRYPTO 5 USD / LOT

Spread:

In order to check the live spreads login to the trading account below:

PlatformServerLogin numberPasswordDownload platform
MetaTrader 4VitalMarkets-Demo20247671WZhbfwClick here

Education & Support for traders

Top Tier Trader does not provide any educational content on its website.

They provide a well-structured dashboard that all of their clients can access, making it easier to manage risk with all the objectives about their statistics.

Trader dashboard – Statistics page with closed positions

Trader dashboard – Statistics page with open positions

Traders comments about Top Tier Trader

Top Tier Trader has excellent feedback from reviews.

On Trustpilot, they have a large variety of their community commenting and giving positive feedback with a great score of 4.9/5 out of 1,960 reviews. They also have a reliable support team that will provide you with all the necessary information you require from them or if you are unsure of anything.

Their clients mentioned how they provide a prompt and reliable support service for their needs, which is always great to have from any prop firm.

Another thing I would like to mention is that their support team is fast and reliable and very patient with their clients. They walk you through the process until you are satisfied, acquiring all the information you need.

Social media statistics

Top Tier Trader can also be found on social media.

They have a:

  • Instagram account with 34k followers,
  • Youtube channel with 6,39k subscribers and 24 uploaded videos,
  • Telegram account with 5,269 subscribers, and
  • Facebook page with 487 followers.

They also have a Discord channel with 14,233 members where you can follow all of their announcements, ask for help in their support channel, or just chat with the community about trading strategies.

Support

Top Tier Trader has a FAQ page where you might find the missing information.

The support team is available on their social media or directly contact them on their website’s live chat.

Their support team is available 24/7 to answer their clients’ queries.

They also have a Discord channel where they provide support.

Conclusion

In conclusion, Top Tier Trader is a legitimate proprietary trading firm that offers traders a chance to choose between two different funding programs: Top Tier Challenge and Top Tier Challenge Plus evaluation program accounts.

Top Tier Challenge evaluation programs are industry-standard two-phase evaluation challenge that requires the completion of two phases before becoming funded and being eligible to earn profit splits. Top Tier Trader requires traders to reach profit targets of 10% in phase one and 5% in phase two before becoming funded which are realistic trading objectives considering you have a 5% maximum daily and 10% maximum loss rules to follow. With Top Tier Challenge evaluation programs, you can earn 80% profit splits while also being able to scale your accounts.

Top Tier Challenge Plus evaluation programs are also industry-standard two-phase evaluation challenge that requires the completion of two phases before becoming funded and being eligible to earn profit splits. Top Tier Trader requires traders to reach profit targets of 8% in phase one and 5% in phase two before becoming funded which are realistic trading objectives considering you have a 5% maximum daily and 8% maximum loss rules to follow. With Top Tier Challenge Plus evaluation programs, you can earn 80% up to 90% profit splits while also being able to scale your accounts.

I would recommend Top Tier Trader to anyone who is looking for a prop firm with straightforward trading rules. While they are still a relatively new firm, they offer excellent conditions for a big pool of individuals with unique trading styles. After considering everything Top Tier Trader has to offer, they are for sure one of the better proprietary trading firms in the industry.

This review about Top Tier Trader was lastly updated on 26.08.2022 at 10:00 (CE(S)T).

So, what do you think about the layout of the Proprietary Trading firm? Does Top Tier Trader have the instruments that you want to trade?

Let us know if you enjoyed our Top Tier Trader Proprietary Trading firm review!

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TopTier Trader Review (15% cashback) Details

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4.0
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