| Year Established | 2021 |
| Headquarters | Miami, Florida, USA |
| CEO | Dave Guttman |
| Mission | To provide traders with the best opportunity and conditions to scale their profits for fast-tracked success, choice, and freedom. |
| Funding Models/Programs | TopTier Challenge (Two-step evaluation) |
| Account Sizes | $5,000 to $300,000, scalable up to $2 million |
| Profit Splits | 80% up to 90% |
| Leverage | Up to 1:100 |
| Trading Instruments | Forex pairs, Commodities, Indices, Cryptocurrencies |
| Trading Fees | Competitive spreads, commissions vary by broker and account type, overnight swaps |
| Payout Frequency | Bi-weekly after the initial payout in 30 days |
| Payment Methods | Credit/Debit Cards, Cryptocurrencies, Bank Transfers, Wise |
| Restricted Countries | Afghanistan, Belarus, Burma, Cote d’Ivoire (Ivory Coast), Cuba, Democratic Republic of the Congo, Iran, Iraq, Lebanon, Libya, Mali, North Korea, Russia, Somalia, Sudan, Syria, Venezuela, Yemen, Vietnam, Egypt, Pakistan, Germany, India, Turkey, United Kingdom, Romania, Kenya, Czech Republic |
| Support Channels | Email, Live Chat, Discord Channel, Telegram Channel, FAQ (English, French, German, Portuguese, Spanish) |
| Educational Resources | Webinars, Articles, Blog (FX Summit, Market Watch, Meet Ups, Traders, Trading Tips, Updates) |
| Trading Platforms | TradeLocker |
| Account Currencies | USD |
| Brokers | ThinkMarkets |
| Rules | No mandatory stop-loss, max daily loss of 5%, max overall loss of 10%, no news trading (without add-on), no weekend holding (without add-on), no EAs (without add-on), no trade copiers |
| Deposit and Withdrawal Methods | Credit/Debit Cards, Cryptocurrencies, Bank Transfers, Wise, Rise |
| Pros | High Profit Splits, Flexible Rules, High Leverage, No Maximum Trading Period, Multiple Add-on Features, Scaling Plan, Comprehensive Support, Extensive Educational Resources |
| Cons | Strict Risk Parameters, Minimum Trading Day Requirements, No Weekend Holding without Add-ons |
Introduction
TopTier Trader partners with ThinkMarkets to ensure optimal trading conditions. Traders can access the markets using the TradeLocker.
In this review, we’ll get into the company’s background, examine the various funding programs they offer, and explore the trading conditions and requirements. We’ll also cover profit splits and payout processes, weigh the pros and cons, analyze broker partnerships and the trading environment, and review the support and resources available to traders.
Furthermore, we’ll highlight user experiences and testimonials, provide expert opinion, and conclude with final thoughts and recommendations.
TopTier Trader Company Overview
TopTier Trader, legally known as TopTier Trader LLC, was incorporated on October 18, 2021. The firm is headquartered in Florida, United States, and is managed by CEO Dave Guttman. TopTier Trader offers traders the opportunity to choose a single two-step evaluation process while partnering with ThinkMarkets to ensure optimal trading conditions.
Mission Statement: To give traders the opportunity and conditions to scale their profits for fast-tracked success, choice, and freedom.
Vision Statement: To build an unprecedented collaborative community for serious traders.
Purpose Statement: To be the best platform for traders to manifest a TopTier lifestyle.
At TopTier Trader, they believe that the right trading environment is essential for success. That’s why they’ve established their trading office in Miami, Florida, to provide their traders with a top-tier experience.
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 manage account sizes up to $300,000 and receive up to 90% profit splits. This can be achieved through trading various financial instruments, including forex pairs, commodities, indices, and cryptocurrencies.
Key Highlights
- Headquarters: Florida, United States
- Year Established: 2021
- Mission: To give traders the opportunity and conditions to scale their profits for fast-tracked success, choice, and freedom.
- Vision: To build an unprecedented collaborative community for serious traders.
- Purpose: To be the best platform for traders to manifest a TopTier lifestyle.
In the next sections, we will explore the specific services and opportunities provided by TopTier Trader.
TopTier Trader Funding Programs
TopTier Trader provides its traders with a single funding program option, known as the TopTier Challenge. This program is designed to offer a structured and supportive evaluation process for traders to achieve funding.
- TopTier Challenge
- Type: Two-Step Evaluation
- Account Sizes: $5,000 to $300,000, scalable up to $2 million
- Profit Splits: 80% up to 90%
Detailed Description
- TopTier Challenge
- Phase 1: Traders need to achieve an 8% profit target while adhering to a maximum daily loss of 5% and an overall loss limit of 10%. There are no minimum trading day requirements, allowing traders to proceed at their own pace.
- Phase 2: Upon completing Phase 1, traders advance to Phase 2 with a 4% profit target. The same risk parameters apply: a 5% daily loss limit and a 10% overall loss limit.
- Profit Splits: Successful traders can earn between 80% to 90% of their profits, which is highly competitive in the industry.
- Scalability: Accounts can be scaled up based on consistent performance, allowing traders to manage larger capital over time.
- Leverage: Up to 1:100, providing ample opportunity for significant returns.
This program is ideal for traders who prefer a structured evaluation with clear profit targets and risk management rules. The flexibility of no minimum trading days and the potential for high-profit splits make it an attractive option for both novice and experienced traders.
TopTier Trader Trading Conditions and Requirements
Leverage
TopTier Trader offers leverage of up to 1:100, allowing traders to maximize their potential returns on various account sizes.
Trading Instruments
Traders have access to a diverse range of financial instruments, including:
- Forex pairs
- Commodities
- Indices
- Cryptocurrencies
Specific Rules
- Stop-Loss Requirements: No mandatory stop-loss, though effective risk management is strongly encouraged.
- Maximum Daily Loss: Set at 5% for all account sizes.
- Maximum Overall Loss: Set at 10% for all account sizes.
- Additional Rules: No news trading, no weekend holding, and no use of Expert Advisors (EAs) without add-ons.
Trading Days
- Minimum Trading Days: Four days.
- Maximum Trading Days: No maximum trading days, providing flexibility in meeting profit targets at the trader’s own pace.
TopTier Trader Profit Splits and Payment Methods
Profit Splits
TopTier Trader offers competitive profit splits ranging from 80% up to 90%, depending on the trader’s performance and account type.
Payout Frequency
- First Payout Request: 14 or 30 days from the first trade on the account, depending on the account type.
- Subsequent Payout Requests: Every 14 days from the first trade after the last payout.
- Conditions: No active trades on the account when requesting a payout.
Payment Methods
- Deposits: Credit/Debit Cards, Cryptocurrencies, Bank Transfers.
- Withdrawals: BTC, Rise, Credit/Debit Cards, Crypto Transfers, Bank Transfers, Wise.
- Processing Time: Payouts are processed within 3 to 5 business days after confirmation from the trader.
Unique Payout Features
- Rise Payouts: Requires traders to create a Rise account under the email registered on TopTier Trader’s platform.
- Transaction Fees: Traders are responsible for any transaction fees incurred during the payout process.
- Read-Only Account: Accounts are placed on read-only status until the payout is completed.
Important Note: To request a payout, traders must submit a request from their dashboard and meet specific conditions, including having no active trades.
TopTier Trader Pros and Cons
Pros
- High Profit Splits: Up to 90%, which is competitive within the industry.
- Flexible Rules: No maximum trading period and no mandatory stop-loss requirements.
- High Leverage: Up to 1:100, allowing for greater trading opportunities.
- Scalability: Account sizes can be scaled up based on consistent performance.
- Multiple Add-On Features: Options for news trading, weekend holding, and using Expert Advisors (EAs).
- Comprehensive Support: Multiple support channels and extensive educational resources.
Cons
- Strict Risk Parameters: 5% maximum daily loss and 10% overall loss limits can be challenging.
- Minimum Trading Day Requirements: Four-day minimum trading requirement.
- No Weekend Holding: Unless using an add-on feature, trades cannot be held over the weekend.
- Initial Maximum Drawdown: Set at 8%, which may be restrictive for some traders.
TopTier Trader Broker Partnerships and Trading Environment
Brokers
- ThinkMarkets: TopTier Trader partners with ThinkMarkets to provide robust and reliable market access.
Trading Platform
- TradeLocker: The primary trading platform offered, known for its advanced features and user-friendly interface.
Trading Fees
- Spreads: Competitive and variable, depending on market conditions and the specific trading instrument.
- Commissions: Vary by account type and broker, typically included in the spread or charged per trade.
- Swaps: Overnight fees for holding positions, dependent on the instrument and broker.
TopTier Trader Support and Resources for Traders
Available Support Channels
- Live Chat
- Phone
- Discord Channel: Community interaction and support.
- Telegram Channel: Real-time support and updates.
- FAQ: Comprehensive answers to common questions.
- Languages: Support available in English, French, German, Portuguese, and Spanish.
Educational Resources
TopTier Trader offers extensive educational resources, including:
- Webinars: Regular sessions on various trading topics.
- Articles: Detailed articles covering market insights and trading strategies.
- Mentorship Programs: Personalized guidance from experienced traders.
Insights Section: TopTier Trader provides a detailed Insights section with educational content across six categories:
- FX Summit
- Market Watch
- Meet Ups
- Traders
- Trading Tips
- Updates
TopTier Trader User Experiences and Testimonials
TopTier Trader has received 3,588 reviews on Trustpilot, with an overall rating of 4.5 out of 5, indicating a generally Excellent User Experience.
Summary of Positive Reviews
- Excellent Customer Support: Many users praise the responsive and helpful customer service, highlighting quick resolutions and effective communication.
- User-Friendly Platform: The TradeLocker platform is frequently mentioned as easy to use and efficient.
- Transparent and Fair Rules: Traders appreciate the clear and transparent rules, which build trust and reliability.
- High Profit Splits: The competitive profit splits of up to 90% are a significant advantage for many users.
- Educational Resources: Users value the extensive educational materials and resources provided.
Summary of Negative Reviews
- Strict Risk Parameters: Some traders find the 5% maximum daily loss and 10% overall loss limits to be stringent.
- Trading Restrictions: Restrictions on news trading and weekend holding without add-ons are noted as limitations.
- Platform Issues: A few reviews mention occasional slippage and platform performance issues, though these are not widespread.
TopTier Trader Trading Dashboard
Expert Opinion on Usability
The TopTier Trader trading dashboard provides an efficient and user-friendly interface designed to enhance the trading experience. Here are some key aspects based on the provided analysis:
Intuitive Interface: The dashboard is clean and well-organized, making navigation straightforward. Essential information such as account balance, open positions, and performance metrics are easily accessible.
Real-Time Data: Offers live price feeds, market news, and economic calendar events, ensuring traders can make informed decisions quickly.
Comprehensive Analytics: Detailed performance reports and analytics help traders track their progress against profit targets and risk limits. Customizable charts and graphs offer insights into trading patterns and profitability.
Risk Management Tools: Features like stop-loss and take-profit settings are built in, allowing effective risk management. Alerts and notifications for critical events, such as approaching loss limits, are also included.
Customization Options: The dashboard can be personalized to fit individual trader preferences, including layout adjustments and alert settings, enhancing the overall user experience.
Educational Resources: Integrated access to webinars, articles, and tutorials provides ongoing learning opportunities without leaving the platform.
Support Integration: Direct access to support channels, such as live chat and email, ensures help is readily available, contributing to a seamless trading experience.
Overall, the TopTier Trader dashboard is well-suited for traders of all levels, offering a powerful tool for managing and optimizing trading performance.
Expert Opinion on TopTier Trader
TopTier Trader is a reputable and trustworthy proprietary trading firm that provides a structured funding program with competitive profit splits and comprehensive support. The firm’s flexibility and scalability make it an appealing choice for traders of all levels.
Summary of Key Points:
- Funding Program: TopTier Challenge is a two-step evaluation with realistic profit targets of 10% in Phase 1 and 5% in Phase 2, and risk management rules of 5% maximum daily loss and 10% maximum loss.
- High Profit Splits: Offers between 80% to 90% profit splits.
- Flexible Rules: No maximum trading period, a minimum of 4 trading days per phase, and options for news trading and weekend holding with add-ons.
- Educational Support: Provides extensive educational resources and a user-friendly trading dashboard.
- Support Channels: Multiple support channels available in several languages, ensuring comprehensive assistance.
Positive User Experiences:
- Excellent Customer Support: Responsive and effective communication.
- User-Friendly Platform: TradeLocker platform is efficient and easy to use.
- Transparent Rules: Clear and fair evaluation criteria.
- High Profit Splits: Attractive profit-sharing model.
Negative User Experiences:
- Strict Risk Parameters: 5% maximum daily loss and 10% overall loss limits can be challenging.
- Trading Restrictions: Limitations on news trading and weekend holding without add-ons.
TopTier Trader excels in providing a structured and supportive trading environment. Its high profit splits, flexible rules, and comprehensive educational resources make it a desirable choice for serious traders.
Final Verdict and Recommendation
In conclusion, TopTier Trader is a reputable proprietary trading firm offering a robust two-step evaluation program with high profit splits and flexible trading rules. Their commitment to trader support and education makes them a strong contender in the prop trading industry.
I highly recommend TopTier Trader to traders seeking a structured and supportive trading environment with competitive profit splits and comprehensive educational resources.
