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TopTier Trader: Reviews And In-Depth Analysis

TopTier Trader

Rating: 4.0

REVIEW SUMMARY

TopTier Trader is a Forex prop firm, located in Miami, Florida, USA. It was founded in 2021.

FEATURES

Instruments: Forex, Indices, Metals, Commodities, Crypto.

Max balance: $2,000,000

Profit split: up to 90%

Cost: from $65

Platforms: MetaTrader 4 and MetaTrader 5

PROS & CONS

What I like:

  • The leverage is up to 1:100 on Forex.
  • The funded accounts can scale up to $2,000,000.
  • Several add-ons to customize your account, like profit split increase, trade the news, weekend trading and enable EAs trading.
  • Payout in 24 hours or you get a $1,000 (probably the only firm where you'll prefer a late payout).

What could be improved:

  • Only 2-step challenges are available.

TopTier Trader is a prop trading firm located in the USA.

In this article, you’ll get a review of this prop firm, including analysis and instructions to get funded with an account from TopTier Trader.

Here’s what you’re going to learn:

What Is TopTier Trader?

TopTier Trader is a prop firm located in Miami, Florida, USA. It was founded in 2021 so it already has some experience with funding traders.

What Can You Trade With TopTier Trader?

TopTier Trader is a prop firm that funds traders to trade Forex and other CFDs trading assets.

Here’s a list of all of the instruments:

  • Forex: Major and minor currency pairs
  • Indices
  • Commodities
  • Metals: Gold
  • Cryptocurrencies

What Are The TopTier Trader Account Sizes?

TopTier Trader funds traders with account balances that go from $5,000 up to $300,000.

The prices of the products are different according to the account size that you are applying to. The price for the smaller account is $65 and goes up to $1,345 for the bigger account size.

These prices can increase depending on the add-ons you want to have activated on your account.

What Is TopTier Trader Leverage?

The leverage provided by the prop firm depends on the instrument category that you are trading. Here’s the list of leverage by category for the Challenge Regular and Challenge Plus accounts:

  • Forex pairs: 1:100
  • Commodities: 1:40
  • Metals: 1:40
  • Indices: 1:30
  • Cryptocurrencies: 1:2

And here’s the leverage for the Challenge Swing account type:

  • Forex pairs: 1:30
  • Commodities: 1:10
  • Metals: 1:10
  • Indices: 1:5
  • Cryptocurrencies: 1:1

How Much Is The TopTier Trader Payout?

The profit split starts at 80% but can be increased over time up to 90% if you keep trading with consistency.

TopTier Trader 20% Off Link

TopTier Trader Reviews

According to Trustpilot, TopTier Trader is classified as excellent. It’s scoring an impressive 4.8/5.0 after more than 2,500+ reviews from users.

toptier trader review trustpilot
toptier trader review trustpilot

TopTier Challenge Account

The TopTier Challenge Account lets you apply to a regular or swing account type. You need to prove your experience in a 2-phase evaluation process.

You just need to achieve a profit target and trade for a minimum number of days avoiding exceeding a maximum daily loss and a maximum loss.

Phase 1

During this phase, you need to achieve a profit target with no time limit. Here are all the details:

  • Minimum days to trade: 4 days.
  • Challenge duration: all the time you need.
  • Maximum daily loss: 5%
  • Maximum loss: 10%
  • Profit target: 10%.

Phase 2

After you complete the phase 1 challenge, you’re ready to start phase 2.

This phase also doesn’t have a time limit to achieve the profit target. TopTier removed the limits that were in existence before. You just need to make sure you don’t break any rules. All the rules are the same as in phase 1 except the profit target that reduces. Here are all the details:

  • Minimum days to trade: 4 days.
  • Challenge duration: no time limit.
  • Maximum daily loss: 5%
  • Maximum loss: 10%
  • Profit target: 5%.

TopTier Challenge Plus Account

The Plus challenge is very similar to the other challenge. You must prove your experience in a quick 2-phase evaluation process. Let’s look at all the details.

Phase 1

During this phase, you need to achieve a profit target and there’s no time limit. Here are all the details:

  • Minimum days to trade: 4 days.
  • Challenge duration: no limit.
  • Maximum daily loss: 5%
  • Maximum loss: 8%
  • Profit target: 8%.

Phase 2

After you complete the phase 1 challenge, you’re ready to start phase 2.

In this phase, you also don’t have any time limit to achieve the profit target. Just make sure you stay within the maximum daily and overall losses. All the rules are the same as in phase 1 except the profit target that reduces. Here are all the details:

  • Minimum days to trade: 4 days.
  • Challenge duration: trade for as long as you need.
  • Maximum daily loss: 5%
  • Maximum loss: 8%
  • Profit target: 5%.

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TopTier Trader EAs (Expert Advisors)

If you like to use EAs to trade, TopTier Trader is a great prop firm for you. They allow EAs although only on the Plus account type. So if you want to use your EA to trade with TopTier Trader, make sure that you select the right account type.

TopTier Trader Free Trial

Unfortunately, TopTier Trader doesn’t offer free trials at the moment.

TopTier Trader Free Repeat

TopTier Trader doesn’t provide free repeats.

You can get a discount though, use the coupon mftj8q and get 20% off on your purchase.

TopTier Trader 20% Off Link

TopTier Trader Platforms

TopTier Trader gives you access to the most popular trading platform used by Forex brokers.

You can use:

  • MetaTrader 4
  • MetaTrader 5

TopTier Trader Trading Hours

Holding trades overnight is allowed on all programs. You can have your positions open for as long as you want according to your own trading style. Just be careful with daily and weekend gaps.

Holding trades over the weekend is only allowed for the Swing and Plus account types. If you’re trading the Regular account you must close your positions before the weekend.

TopTier Trader News Trading

There are some restrictions on news trading. For the Regular and Swing account types you can’t open or close trades between 2 minutes before and after important news releases. You can keep existing trades open though.

If you’re trading the Plus account type there are no news restrictions. You just need to be careful with the volatility, but if you’re like me, those are the best times of the day to trade. Just don’t exceed your maximum safe lot size and manage your trades properly.

Is TopTier Trader Legit?

Yes, TopTier Trader is a legitimate company.

Here are the contacts to reach them:

  • Email: support@toptiertrader.com
  • Phone: 888-396-8550
  • Address: 547 NW 28th St, Miami, FL 33127, United States

You can also contact them through the live chat on their website.

TopTier Trader Alternatives

Here’s the list of the best TopTier Trader alternatives:

For more alternatives check our alternative prop firm tool:

Get Alternatives To Any Prop Firm

Recap

  • TopTier Trader is a prop trading firm based in the US.
  • You can get a funded account with up to $2,000,000 in balance and up to a 90% profit split payout.
  • To get access to a funded account you have to pass a two-phase challenge program.
  • You can trade Forex and other CFDs like Indices, Metals, Commodities, and Cryptocurrencies.
  • The popular MT4 and MT5 platforms are available to trade.

Learn More

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