TopTier Trader Review (20% discount code: 63ka5k)
4.0

TopTier Trader Review (20% discount code: 63ka5k)

Traders are offered a placement in the TopTier Trader prop firm, which enables them to manage and continuously grow their accounts by participating in the scaling plan. They offer traders an 80% up to 90% profit split while being provided with an elite trading environment and excellent overall trading conditions.
Home » TopTier Trader Review (20% discount code: 63ka5k)
Pros
  • Excellent Trustpilot rating of 4.6/5
  • Two Unique Funding Programs
  • Professional Trader Dashboard
  • A Large Variety of Trading Instruments (Forex Pairs, Commodities, Indices, Cryptocurrencies)
  • Leverage up to 1:100
  • No Maximum Trading Period
  • Scaling Plan
  • Bi-weekly Payouts
  • Profit Share of 80% up to 90%
  • Overnight Holding Allowed
  • Weekend Holding Allowed (Except on Regular TopTier Challenge)
  • News Trading Allowed
  • Balance-based Drawdown on TopTier Challenge
Cons
  • Low Leverage with Swing TopTier Challenge
  • Initial Maximum Drawdown of 8% on TopTier Challenge Plus
  • Minimum Trading Day Requirements of 4 Days
  • No Weekend Holding with 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 Trader?

TopTier Trader is a proprietary trading firm with the legal name TopTier Trader LLC that was incorporated on the 18th of October, 2021. They are located in Florida, United States, and are being managed by CEO Dave Guttman. TopTier Trader provides traders with the opportunity to choose between a single two-step evaluation while being partnered 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?

Dave Guttman is the CEO of TopTier Trader. Note that we will be adding more information about their CEO in the future. Stay tuned!

Video Review

Funding Program Options

TopTier Trader provides its traders with a single funding program option.

TopTier Challenge

TopTier Trader’s TopTier Challenge provides traders with the opportunity to manage account sizes ranging from $5,000 up to $300,000. The aim is to identify talented traders who are profitable and can efficiently manage risk throughout the two-step evaluation period. The TopTier Challenge allows you to trade with up to 1:100 leverage.

Account SizePrice
$5,000$65
$10,000$129
$25,000$229
$50,000$335
$100,000$549
$200,000$929
$300,000$1,399

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. When it comes to time limitations, note that you have no maximum trading day requirements during phase one. However, you are required to trade a minimum of four 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. When it comes to time limitations, note that you have no maximum trading day requirements during phase two. However, you are required to trade a minimum of four trading days in order to proceed to a funded account.

By completing both evaluation phases, you are awarded a funded account with no minimum withdrawal requirements. You must only respect 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

  1. 14-Day Payout
  2. Double Leverage of 1:100
  3. 90% Profit Split
  4. Allowed Weekend Trading
  5. Allowed EAs
  6. Allowed News Trading

TopTier Challenge Scaling Plan

TopTier Challenge also has a scaling plan. If a trader is profitable for at least two out of the last three months with either an average return of 6% over the three-month period or a 2% return each month during the three-month period, then you will become eligible for an account size increase equal to 25% of the initial account size.

Example:

After 3 Months: A qualified $100,000 account increases to $125,000.

After the Next 3 Months: A qualified $125,000 account increases to $150,000.

After the Next 3 Months: A qualified $150,000 account increases to $175,000.

And so on…

TopTier Challenge Trading Rules & Objectives

  • Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1 is set at 10%, whereas Phase 2 requires reaching a profit target of 5%. Funded accounts do not have any specified profit targets.
  • Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%.
  • Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 10%.
  • Minimum Trading Days – The minimum duration during which you must engage in trading before successfully concluding an evaluation phase. Both evaluation phases have a minimum trading day requirement of 4 days.
  • No News Trading – Trading is not permitted during high-impact news releases. (Allowed with Add-on)
  • No Martingale – Traders are prohibited from employing any form of martingale strategy during their trading activities.
  • No Weekend Holding – Traders are prohibited from holding trades during the weekend, meaning that all trades should be closed before the Friday market close. (Allowed with Add-on)
  • No Expert Advisors – This implies that traders are prohibited from utilizing the services of Expert Advisors while engaged in trading activities. (Allowed with Add-on)
  • No Trade Copiers – This implies that traders are prohibited from utilizing the services of Trade Copiers while engaged in trading activities.

What Makes TopTier Trader Different From Other Prop Firms?

TopTier Trader differs from most industry-leading prop firms due to offering a single account type, a two-step evaluation. In addition, they also provide numerous favorable features, such as an unlimited trading period, multiple add-on features, and bi-weekly payouts.

TopTier Trader’s TopTier Challenge is a two-step evaluation that requires traders to successfully complete two phases before becoming 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 also 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. The TopTier Challenge also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, the TopTier Challenge stands out mainly for having an unlimited trading period, multiple add-on features, and bi-weekly payouts.

Example of comparison between TopTier Trader & True Forex Funds

Trading ObjectivesTopTier TraderTrue Forex Funds (Limitless)
Phase 1 Profit Target10%8%
Phase 2 Profit Target5%5%
Maximum Daily Loss5%5%
Maximum Loss10%10%
Minimum Trading Days4 Calendar Days5 Calendar Days
Maximum Trading PeriodPhase 1: Unlimited
Phase 2: Unlimited
Phase 1: Unlimited
Phase 2: Unlimited
Profit Split80% up to 90%80%

Example of comparison between TopTier Trader & E8 Funding

Trading ObjectivesTopTier TraderE8 Funding
Phase 1 Profit Target10%8%
Phase 2 Profit Target5%5%
Maximum Daily Loss5%5%
Maximum Loss10%8% (Scaleable up to 14%)
Minimum Trading Days4 Calendar DaysNo Minimum Trading Days
Maximum Trading PeriodPhase 1: Unlimited
Phase 2: Unlimited
Phase 1: Unlimited
Phase 2: Unlimited
Profit Split80% up to 90%80%

Example of comparison between TopTier Trader & Funding Pips

Trading ObjectivesTopTier TraderFunding Pips
Phase 1 Profit Target10%8%
Phase 2 Profit Target5%5%
Maximum Daily Loss5%5% (Scaleable up to 7%)
Maximum Loss10%10% (Scaleable up to 14%)
Minimum Trading Days4 Calendar DaysNo Minimum Trading Days
Maximum Trading PeriodPhase 1: Unlimited
Phase 2: Unlimited
Phase 1: Unlimited
Phase 2: Unlimited
Profit Split80% up to 90%80% up to 90%

In conclusion, TopTier Trader differs from other industry-leading prop firms by offering a single account type, a two-step evaluation. In addition, they also provide numerous favorable features, such as an unlimited trading period, multiple add-on features, and bi-weekly payouts.

Is Getting TopTier Trader Capital Realistic?

It is essential to evaluate the achievability of trading requirements when considering proprietary trading firms that align with your forex trading style. While a company may appear attractive with a high percentage profit split on a generously funded account, the practicality decreases if they demand substantial monthly gains with minimal maximum drawdown percentages, significantly reducing the likelihood of success. Additionally, examining time constraints is crucial, with an unlimited trading period being more advantageous as it eliminates the pressure associated with time constraints. Lastly, it is essential to acquaint yourself with all trading rules during the evaluation process and subsequent funding stages to mitigate the risk of accidentally violating your trading account terms.

  • Receiving capital from the TopTier Challenge is realistic primarily due to 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). It is important to note that there are no maximum trading day requirements while having a minimum trading day requirement of 4 calendar days. Furthermore, upon successfully completing both evaluation phases, participants qualify for payouts featuring an advantageous profit split of 80% up to 90%.

After considering all the factors, TopTier Trader is highly recommended since you have a single funding program to choose from, which features realistic trading objectives and conditions for qualifying for payouts.

Payment Proof

TopTier Trader is a proprietary trading firm that was incorporated on the 18th of October, 2021. They have a large community of traders who have reached funded status and successfully qualify for a profit split.

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. One example is Trustpilot, where their traders comment regarding their experience while working with the company as well as the process of how they successfully received payouts. Another source of payment proof of TopTier Trader is their Discord channel and YouTube channel, where you can find numerous payout certificates and interviews of the most successful traders.

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 premium multi-asset online brokerage with headquarters located in London and Melbourne. They provide quick and easy access to a wide range of markets while delivering some of the most recognized trading solutions: MetaTrader 4, MetaTrader 5, and their in-house developed ThinkTrader platform.

As for trading platforms, while you are working with TopTier Trader, they allow you to trade on Meta Trader 4 and MetaTrader 5.

Trading Instruments

As mentioned above, TopTier Trader is partnered with ThinkMarkets, and they allow you to trade a wide range of trading instruments, which include forex pairs, commodities, indices, and cryptocurrencies with a leverage of up to 1:100, depending on the trading instrument that you are trading.

Forex Pairs

EUR/CADCAD/JPYCHF/JPYEUR/CHFEUR/GBPEUR/JPY
EUR/USDGBP/CADGBP/CHFGBP/JPYGBP/USDUSD/CAD
USD/CHFUSD/JPYAUD/CADAUD/CHFAUD/JPYAUD/NZD
AUD/USDCAD/CHFEUR/AUDEUR/NOKEUR/NZDEUR/SEK
EUR/SGDGBP/AUDGBP/NZDNZD/CADNZD/CHFNZD/JPY
NZD/USDUSD/NOKUSD/SEKUSD/SGDEUR/HUFUSD/BRL
USD/CNHUSD/HUFUSD/MXNUSD/TRYUSD/ZAREUR/CZK
EUR/PLNEUR/ZARGBP/ZAREUR/TRY

Commodities

XAU/USDXAU/EURXAG/USDWTIBRENT
NGASCOPPERXPT/USDCORNSOYBEANS
WHEAT

Indices

AUS200ESTX50FRA40GER40UK100
JPN225NAS100SPX500US30CHINA50
HK50SPAIN35VIXUS2000TAIEX

Cryptocurrencies

BTC/USDETH/USDLTC/USDBCH/USD

Trading Fees

Trading Commission

Trading InstrumentCommission Fee
FOREX 7 USD / LOT
COMMODITIES 7 USD / LOT (Only Metals)
INDICES 0 USD / LOT
CRYPTO 0 USD / LOT

Spread Account

To check the live spreads, log in to the trading account below.

PlatformServerLogin NumberPasswordDownload Platform
MetaTrader 483280211alm1kgjThinkMarkets-Demo 3Click here
MetaTrader 511980153-dBq0vKqThinkMarkets-DemoClick here

Education

TopTier Trader provides its community with a detailed Insights section with educational content, such as the following six categories:

  • FX Summit
  • Market Watch
  • Meet Ups
  • Traders
  • Trading Tips
  • Updates

Additionally, TopTier Trader offers all clients access to a well-structured dashboard, facilitating easier risk management with detailed statistical objectives.

TopTier Trader Trading Dashboard

Trustpilot Feedback

TopTier Trader has gathered an excellent 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 4.6 out of 5 from a substantial pool of 3,009 reviews. Notably, 92% 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.

Instagram67,300 Followers
Discord28,943 Members
YouTube11,300 Subscribers
Twitter7,799 Followers
Facebook4,400 Members
TikTok596 Followers & 1,615 Likes
Telegram6,678 Members

Customer Support

Live Chat
Email[email protected]
Phone888-396-8550
DiscordDiscord Link
TelegramTelegram Link
FAQFAQ Link
Help Center
WhatsApp
Messenger
Supported LanguagesEnglish, 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.
  • Apply Discount Code – Apply our discount code TMZ2IGAINC and enjoy a 5% discount on all TopTier Trader account types.
  • 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 is a reputable and trustworthy proprietary trading firm providing traders with an opportunity to choose a single funding program, the 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, considering you have a 5% maximum daily and 10% maximum loss rules to follow. Regarding 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’s essential to note that the TopTier Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance.

I would recommend TopTier Trader to individuals seeking a reputable proprietary trading firm that provides exceptional trading conditions catering to a diverse range of individuals with unique trading styles. They provide traders with unique features, such as an unlimited trading period, multiple add-on features, and bi-weekly payouts. After considering everything TopTier Trader offers to traders worldwide, they are indeed a desirable choice within the prop trading industry.

Our detailed review of TopTier Trader was last updated on 07.02.2024 at 08:09 (CE(S)T).

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?

Let us know if you enjoyed our detailed TopTier Trader review by commenting below!

TopTier Trader Review (20% discount code: 63ka5k) Details

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