TopTIer Trader is one of the prop firms with a high maximum funding, going up to $2M. This company provides a unique feature called "customizable challenge" and mentions it as a significant advantage over competitors.
However, useful features are not enough to choose a prop firm. In this TopTier Trader review, we will investigate the firm to help you decide if it's the right choice for you.
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.
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.
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 is one of the prop firms with a relatively short history, operating since 2021. Benefits such as a profit split up to 90%, customizable funding accounts, etc. can make it a great choice.
However, this company does not currently offer a very good range of trading assets, and this might be critical for some traders. Aside from this drawback, it's recommended for most clients.
