TopTier Trader Review (5% cashback)
4.0

TopTier Trader Review (5% 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.
Home » TopTier Trader Review (5% cashback)

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
  • 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 TopTier 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 EA’s and copy trading, which are prohibited. Besides that, all they care about are the loss limits, while their main goal being, to contract consistent traders and reward them with their high 80% profit split.

Who are TopTier Trader?

TopTier 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.

Funding program options

TopTier Trader offers their clients an Evaluation process made out of 2-Phases, where they have to hit a Profit Target of 10% with trading a minimum of 7 days for Phase 1. While at Phase 2, clients have to hit a Profit Target of 5% with trading a minimum of 7 days. They have to respect the 5% Max daily loss and a 10% Max overall loss during both stages while trading with leverage from 2:1 to 100:1 depending on your trading instrument.

After passing TopTier Trader 2-Phase Evaluation process, you become eligible for a payout since you have proved to them that you can manage an account. Any profit you make can be withdrawn, and you are rewarded with a high 80% profit split. Remember that you no longer have a profit target or minimum trading days requirements after completing the evaluation. The only rules you require to follow are the 5% max daily loss and 10% max overall loss while going forward.

You should also consider the scaling-up plan that they offer to their successful traders, where you can scale your account balance up to 25% every three months. To scale your account up, you need to have at least two out of three months positive while averaging a 6% or more profit over the three months. Scaling your account by 25% every three months can be earned up to a $2,000,000 balance.

You are allowed to trade on Meta Trader 4, where you can trade forex pairs, commodities, indices, and cryptocurrencies.

What makes TopTier Trader different from any other prop firm?

TopTier Trader is different from most industry-leading prop firms due to having a 2-Phase Evaluation process and having almost no restrictions for their traders. The only prohibited trading methods are using EA’s and copy trading. 

Compared to other prop firms, TopTier Trader also offers up to 100:1 leverage and a relatively low-profit target of 10% in Phase 1 and 5% in Phase 2. Identical to FTMO who also has an Evaluation Process made out of Phase 1 with a Profit Target of 10% and Phase 2 with a Profit Target of 5%. The Evaluation Process stages have 7 minimum trading days. In comparison, My Forex Funds have 5 minimum trading days for their Evaluation Process, while FTMO has 10 minimum trading days for each Phase.

Another difference from most prop firms is that after the first payout, they are available bi-weekly, which means every 14 days with a high-profit split of 80%.

In conclusion, many different strategies can acquire funding from TopTier Trader since they have relatively relaxed trading rules.

Is getting TopTier 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.

After considering all of that, TopTier Trader is a great choice to get funded with. This is since you need to pass an Evaluation Process made out of 2 Phases.

The rules for the Evaluation Process are realistic since the Profit Target in Phase 1 is 10% and in Phase 2 only 5% with a max daily loss of 5% and a max overall loss of 10%. Weekend holding and news trading are also allowed, which is excellent for Day Traders and Swing Traders looking for capital up to $600,000 and $2,000,000 in the long term, accessible by the scaling plan.

Payment proof

TopTier 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 TopTier Trader use?

TopTier 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

TopTier 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

Education & Support for traders

TopTier 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 TopTier Trader

TopTier 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 1,293 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

TopTier Trader can also be found on social media.

They have a:

  • Instagram account with 27,1k followers,
  • Youtube channel with 5,66k subscribers and 16 uploaded videos,
  • Telegram account with 4,734 subscribers, and
  • Facebook page with 186 likes.

They also have a Discord channel with 3,366 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

TopTier 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, TopTier Trader is a legitimate prop firm offering funding upon completion of the 2-Phase Evaluation process for traders worldwide. With funding accounts from $25,000 up to $200,000, with a chance to scale up in balance up to $2,000,000, a high 80% profit split, bi-weekly payments, and relaxed trading rules, it’s an excellent firm for undercapitalized traders seeking investors for their trading.

I would recommend TopTier Trader for anyone who has been reaching consistent results for a while and is looking to scale up his capital. While they are still a relatively new firm, they offer excellent conditions for a big pool of different trading styles for individuals.

This review about TopTier Trader was lastly updated on 05.05.2022 at 12:14 (CE(S)T).

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

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

Use our affiliate link for 5% cashback on your first purchase!

TopTier Trader Review (5% cashback) Details

Trading platform
Tradable instruments
Brokers
Account Currencies
Leverage
Maximum capital allocation
Receive up to:
$200,000
TopTier Trader Account
*Choose your account size and make a payment
4.0
Fees
4.0
Trading platform
4.0
Deposit and withdrawal
4.0
Customer Support
4.0 Overall Rating

3 Replies to “TopTier Trader Review (5% cashback)”

Leave a Reply

Your email address will not be published.