TopTier Trader offers trading challenges with a 10% profit target, a 5% maximum daily drawdown limit, and a 10% maximum drawdown limit to fund skilled traders with up to $2 million in trading capital.
These accounts have up to 90% profit split and Bi-weekly payouts.
TopTier Trader Prop Firm Company Overview
A comprehensive review of the TopTier Trader prop firm
TopTier Trader is a US-based proprietary trading firm that burst onto the scene in 2021. The prop firm is headquartered in Miami, Florida and the leadership team consists of these people:
- Cue Banks: Co-Founder
- Anthony Williams: Co-Founder
- Nicolas Castillo: COO & Co-Founder
Summary of Key Features
Prop firms include some common parameters and specifics. In this section, we will take a look at these features in TopTier Trader:
Account Currency | USD |
Minimum Price | $65 |
Maximum Leverage | 1:100 |
Maximum Profit Split | 90% |
Instruments | Forex, Metals |
Assets | Not Specified |
Evaluation Steps | 2 |
Withdrawal Methods | Rise (Crypto, Credit/Debit Cards) |
Maximum Fund Size | $2M |
First Profit Target | 10% |
Max. Daily Loss | 5% |
Challenge Time Limit | Unlimited |
News Trading | Allowed (Paid-Only) |
Maximum Total Drawdown | 10% |
Trading Platforms | TradeLocker |
Commission Per Round Lot | Varies |
Trustpilot Score | 4.2/5 |
Payout Frequency | Bi-Weekly |
Established Country | United States |
Established Year | 2021 |
Pros & Cons
Let's break down the advantages and disadvantages of trading with TopTier Trader:
Cons | Pros |
Limited Range of Trading Instruments | Diverse Funded Account Options |
- | High-Profit Splits |
- | 24/7 Support via Chat |
- | Flexible Evaluation With No Time Limits |
- | Scaling Plan For Account Growth |
Funding & Prices on the Accounts
TopTier Trader offers various account sizes to suit different trading styles and experience levels. Here's a breakdown of their funding options:
- Account sizes range from $5,000 to $300,000 (scalable up to $2,000,000);
- Variable one-time evaluation fees from $65, based on the selected add-ons;
- Fees are fully refundable once you become a funded trader and withdraw your first profits;
- No ongoing fees or subscriptions after becoming funded.
The competitive pricing and potential for account growth make TopTier Trader an attractive option for traders looking to maximize their earning potential.
How to Open an Account and Verify on TopTier Trader?
Opening an account with this firm is done through a few steps. In this section, we will provide a complete guide:
- Visit the website: Open the official website and click the "Sign Up" button;
- Enter your email: Get the verification link in your inbox, and click it;
- Fill in the form: Enter your full name, create a password, and choose your country of residence (number and date of birth are optional).
Now, your account is opened and ready to use. For verification, Submit any required documentation for KYC purposes on the website.
Evaluation Phases & Rules
Most firms offer various evaluation models for clients. The TopTier Challenges consist of two phases, each with its own set of rules and targets:
$5K | $10K | $25K | $50K | $100K | $200K | $300K | |
Min. Trading Days | 4 Days | ||||||
Leverage | Up to 1:100 | ||||||
Profit Target | 10-5% | ||||||
Max. Total Loss | 10% | ||||||
Max. Daily Loss | 5% | ||||||
Payout Frequency | Bi-Weekly | ||||||
Profit Split | Up to 90% | ||||||
Fee | Variable from $65 | ||||||
You can enable add-ons such as news trading, weekend trading, utilization of EAs, etc. for challenges. However, these come with an extra cost.
Does TopTier Trader Prop Firm Offer Any Bonuses And Promotions?
This firm, similar to many competitors, does not offer any bonuses or promotions like those found in Forex brokers. However, you can always find promo codes on the internet. Here are some:
- Get 20% off orders with [WEBACK]
- Get 25% off on the challenge's price with [MCJOSH]
Tradable Symbols and Instruments
Based on the info available on the website, TopTier Trader offers a mediocre range of tradable instruments. Tradable Symbols:
- Forex Pairs: EUR/USD, GBP/JPY, AUD, CHF, etc.
- Metals: Gold, Silver
TopTier Trader Payment Methods Overview
The firm uses "Rise" to process payments. Via this platform, there are 15 options available, including:
- Credit/Debit Cards: VISA, MasterCard
- Crypto: BTC, USDT
- E-wallets: Popular online payment systems
Commission & Fees Structure in Trading and Other Operations
Costs in working with a financial company are so important for estimating the profits.
Regarding withdrawals, a $40 fee is deducted from the payouts while withdrawing via Rise.
In trading, there are no spreads and fees charged by the firm, but the liquidity provider may charge traders. The amount varies and does not have a fixed value.
Educational Resources on TopTier Trader
The firm has recently launched TopTier Academy, a comprehensive educational platform:
- Free program: Accessible to all aspiring Forex traders
- Curriculum: Covers trading basics, psychology, market analysis, and strategy development
- Practical application: Graduates receive a coupon for a challenge account
- Future plans: College-level classes and high school outreach programs
It also offers "Academy Plus", a premium tier with extra features and benefits. Also, the website consists of an FAQ section and a Blog.
These initiatives demonstrate TopTier Trader's commitment to trader education and development.
Trust Scores
As a relatively new firm, TopTier Trader's trust scores are still developing, but we found a rating on one of the most famous websites, "Trustpilot". The scores are as follows:
- 4.2 out of 5;
- More than 3,800 reviews;
- Over 86% of the scores are 5-star;
- 98% of negative reviews were replied by the firm.
While the firm has gained popularity, potential traders should conduct thorough research and consider the lack of a long-term track record.
Customer Support: How and When to Contact?
Support team can be crucial when facing a problem with a financial firm, and you might need to contact them to solve it. TopTier Trader Support:
- Live Chat: Via the website or WhatsApp account
- Text Message: +1 888-579-8783
- Email: support@toptiertrader.com
- Discord: On the firm's server
The lack of phone support might disappoint some users.
TopTier Trader on Social Media Platforms
Social media brings up a decent facility for companies to share insights and post updates. TopTier Trader maintains several accounts on various platforms:
- X (formerly Twitter): https://twitter.com/_toptiertrader
- Discord: https://discord.com/invite/WrC2xdZZng
- LinkedIn: https://www.linkedin.com/company/toptier-trader
- YouTube: https://www.youtube.com/@toptier.trader
- Facebook: https://www.facebook.com/TopTier.Trader/
- TikTok: https://www.tiktok.com/@toptier.trader
- Telegram: https://t.me/joinchat_TopTierTrader
- Instagram: https://www.instagram.com/toptier.trader
Expert Suggestions
TopTier Trader funded account prices start from $65. However, traders can lower the challenge prices by using 20% and 25% discount codes.
While TopTier Trader aims to provide excellent conditions, its lack of variety in tradable instruments (only Forex, Gold, and Silver) prevents it from reaching its full potential.
