TopTier Trader Review 2024

Jeremy Biberdorf
By: Jeremy Biberdorf
July 25, 2023
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TopTier Trader Logo

4.5/5

4.5 rating based on 5 ratings

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In a Nutshell: TopTier Trader, a prop firm established by trading virtuosos Cue Banks and Anthony, provides an exclusive gateway into the trading world, extending up to $600,000 in funding for traders who successfully navigate their two-tier evaluation.

The platform caters to experienced traders looking to expand their careers and novices interested in exploring diverse trading styles.

As a conduit for prop trading, the firm offers the opportunity to tackle a unique TopTier Challenge, providing an environment that mirrors vital markets while emphasizing a well-defined profit target and maximum drawdown.

The striking profit split, with traders retaining up to 90% of the profit, combined with the flexible trading conditions and periods, set TopTier at the forefront of proprietary trading firms.

News trading, weekend holding, and other strategies are encouraged, making the platform attractive. With a considerable presence across 108 countries, TopTier Trader is heralded as a game-changer in the trading space. Read on to know more if this firm is the best fit for your trading career.

Service TypeFeesPromotion
Prop Trading FirmVariable FeeUse code SAVE10 for 10% off + 85% payout +110 Refund!
Pros & Cons
Pros
  • Tradable instruments, forex pairs, cryptocurrencies, commodities, and indices.
  • Weekend and news trading allowed
  • One free evaluation retry
  • Funding up to $600,000
  • Scaling plan up to $2,000,000
  • Profit split of 80% up to 90%
  • Leverage up to 1:100
Cons
  • No EAs allowed on Top Tier accounts
  • No weekend holding on regular Top Tier accounts
  • Equity-based drawdown on Top Tier Plus accounts

TopTier Trader Overview

Initial Capital $10,000 – $300,000
Price Range $255 – $1399
Profit Split80% – 90%
Daily Loss5%
Max Drawdown
Profit Target8% to 10% Tier 1, 5% Tier 2
Tradable Products Forex, Indices, Metals, Commodities, Crypto

What is TopTier Trader?

TopTier Trader is a proprietary trading platform established by Cue Banks and Anthony. It functions as an exclusive portal for individuals interested in the trading domain, offering a structured evaluation process that could lead to substantial funding up to $600,000 for successful candidates.

TopTier Trader stands out for its unique TopTier Challenge, which simulates real market conditions with specified profit targets and drawdown limits. Furthermore, it supports a variety of trading styles, including news trading and weekend holding, and maintains an extensive reach in over 108 countries.

Whether for seasoned trading professionals or beginners aiming to sharpen their skills, TopTier Trader offers a comprehensive environment that emphasizes disciplined and strategic trading.

Learn More About TopTier Trader

External TopTier Trader Review & Ratings

SiteRating
Facebook4.9 from 54 reviews
Trustpilot4.7 from 2,768 reviews
Forex Broker Report4.3

Here are some reviews from traders who have experienced the platform firsthand:

“Fantastic team, the support team at Top Tier is literally Top Tier. Every single time I need to speak with somebody, I’m immediately helped and taken care of. I’ve spoken with several people and all of them are awesome. Keep it up!”
“Great company and experience overall. TopTier is quick to respond to any questions or situations and are more than willing to help resolve it. Shoutout to kelvin who helped me solve my problem within a minute of me asking. I am truly grateful to have come across a real company that cares about its people. 5stars!!!”
“They were a very kind support team, always good chats and solutions to everything I needed to solve. I recommend TopTier prop firm for trading. Trading has been smooth, with good spreads and low slippage.”
“Very responsive. If there is an issue supporting will gladly walk you through it. Top tier is definitely one of the best prop firms.”

How TopTier Funding Works

TopTier Trader has a unique, staged process for funding designed to evaluate traders’ discipline, consistency, and trading prowess.

The structured approach aids in inculcating disciplined trading habits, encouraging traders to reach consistent profit targets and demonstrate their competence to qualify for funding.

In the first stage, traders must abide by strict time limits and regulations, such as the maximum daily loss set at 5% of the day’s starting balance or equity.

For example, a $100,000 balance and equity would have a daily drawdown limit of $5,000 in Regular and Swing Challenge accounts. In Plus Challenge accounts, this drawdown is calculated on equity if it’s higher than the balance.

The evaluation also stipulates an overall loss limit of 8% or 10%, depending on your challenge type, ensuring your account equity stays within these thresholds. This guides traders to manage their risks more effectively.

Next comes the Tier Challenge. In the first tier, traders generate 8% or 10% profit, depending on the challenge type, within a strict 40-day period. For instance, a trader undertaking a $300k Challenge must make substantial profits to meet these average profit targets.

Once successful, traders then advance to Tier 2, where they are required to secure a 5% profit within a 60 or 70-day period, depending on their challenge type, to reach the TopTier – the funded phase.

However, it’s not solely about achieving monthly profits. TopTier Trader insists on a minimum trading days criterion, demanding traders to trade at least four days during given trading periods.

Who is TopTier Funding Best For?

TopTier Funding is an ideal platform for a broad spectrum of traders, each with varying degrees of experience and trading aspirations.

Novice Traders

For beginners stepping into the world of trading, TopTier Funding is a valuable platform. The challenge-based evaluation process helps newcomers understand trading’s rigors and realities while honing their trading skills. It provides an opportunity to trade substantial sums without personally bearing the risk. 

Experienced Traders

Veteran traders who lack the necessary capital to scale their operations will find TopTier Funding appealing. With funding up to $600,000, seasoned traders can apply their successful trading strategies on a larger scale, potentially leading to substantial profits. The provision to keep up to 90% of the profits provides a lucrative opportunity for these traders.

Risk-averse Traders

Traders who prefer to operate without staking their capital would find this platform suitable. By trading with TopTier Funding’s capital, they can pursue their trading strategies without the potential risk to their finances.

TopTier Funding caters to any trader ready to demonstrate disciplined, strategic, and profitable trading in a simulated yet realistic trading environment, with the chance of becoming a funded trader and pursuing a professional trading career.

TopTier Funding

Regular TopTier Challenge Evaluation Program Accounts

TopTier Trader provides a variety of evaluation program accounts for its traders. The Regular TopTier Challenge Evaluation Program Account is designed to discover and reward skilled traders who consistently perform throughout a two-phase evaluation period. This program offers a leverage ratio of 1:100 to its participants.

Evaluation Phases

Phase One

During the first phase, a trader must achieve a profit target of 10% without exceeding the maximum daily loss of 5% or the maximum overall loss of 10%.

This profit target must be reached within 40 calendar days of initiating the evaluation account’s first position. Additionally, the trader must participate for at least four trading days to advance to the next phase.

Phase Two

The second phase mandates that a trader reaches a profit target of 5% while also adhering to the maximum daily loss of 5% and the maximum overall loss of 10%. This profit target should be achieved within 60 calendar days of establishing the first position on the evaluation account.

Just like in phase one, a minimum of four trading days is required to transition to a funded account. Completing both evaluation phases results in awarding a funded account where no profit targets apply. However, traders must respect the 5% maximum daily loss and 10% maximum loss rules.

The first payout is granted 14 calendar days after the first position is set up on the funded account. There are no minimum trading day requirements or other restrictions during this period. You’ll receive 80% of the profits generated on the funded account.

Scaling Plan

The Regular TopTier Challenge Evaluation Program Accounts also feature a scaling plan. In this program, participants are expected to achieve a profit target of 6% or more within three months, where at least two of the three months are profitable.

Traders who meet these criteria will receive an increase of 25% of the original account balance up to a maximum of $2,000,000.

Swing TopTier Challenge Evaluation Program Accounts

TopTier Trader’s Swing TopTier Challenge Evaluation Program Account is another opportunity for serious and talented traders to prove their trading abilities.

The program is designed to reward consistency across a two-phase evaluation period and offers a lower leverage ratio of 1:30 than the regular TopTier Challenge.

Evaluation Phases

Phase One

In the first evaluation phase, a trader must achieve a profit target of 10% while staying within the constraints of a 5% maximum daily loss or a 10% maximum overall loss.

This goal must be reached within 40 calendar days starting from the day of the first position placement on the evaluation account. A minimum of four trading days is required to move to phase two.

Phase Two

Phase two mandates achieving a 5% profit target, with the same limits of a 5% maximum daily loss or a 10% maximum overall loss. This profit target must be hit within 60 calendar days from the day the first position is taken on the evaluation account. Similarly to phase one, a minimum of four trading days is required to advance to the funded account.

After successfully navigating both evaluation phases, traders are granted a funded account. There are no profit targets to be achieved at this stage. However, the 5% maximum daily loss and 10% maximum loss limits must be adhered to.

The first payout is scheduled for 14 calendar days from the day the first position is placed on the funded account. There are no minimum trading day requirements or other restrictions during this payout period. Traders retain 80% of the profits generated on the funded account.

Scaling Plan

The Swing TopTier Challenge Evaluation Program Account also incorporates a scaling plan. Traders are tasked with reaching a profit target of 6% or more within three months, with at least two months showing profitability.

Upon successfully meeting these criteria, traders are granted an increase of 25% of the original account balance up to a maximum of $2,000,000.

TopTier Challenge Plus Evaluation Program Accounts

The TopTier Challenge Plus Evaluation Program Account is a premium opportunity for dedicated, talented traders to display their skills.

The program offers a relatively high leverage ratio of 1:100 and rewards consistency during the two-phase evaluation period.

Evaluation Phases

Phase One

In the first evaluation phase, a trader must achieve a profit target of 8% while staying within the limits of a 5% maximum daily loss or an 8% maximum overall loss.

The trader must hit this profit target within 40 calendar days from the day they place their first position on the evaluation account. A minimum of four trading days is required to move to phase two.

Phase Two

During the second phase, you must hit a profit target of 5%, still maintaining within the boundaries of a 5% maximum daily loss or an 8% maximum overall loss.

This goal must be reached within 70 calendar days starting from the day of the first position placement on the evaluation account. As in phase one, a minimum of four trading days is required to advance to the funded account.

After completing both evaluation phases, traders are granted a funded account. At this stage, there are no profit targets. However, the 5% maximum daily loss and 8% maximum overall loss rules must be followed.

The first payout is scheduled for 14 calendar days from the day the first position is placed on the funded account. There are no minimum trading day requirements or other restrictions during this payout period. Traders retain a significant share of the profits generated on the funded account, with the profit split ranging from 80% to 90%.

Scaling Plan

The TopTier Challenge Plus Evaluation Program Account also incorporates a scaling plan. Traders are tasked with reaching a profit target of 6% or more within three months, with at least two months showing profitability.

Upon successfully meeting these criteria, traders are granted an increase of 25% of the original account balance, up to a maximum balance of $2,000,000.

TopTier Funding: Customer Support and User Experience

TopTierFunding offers its customers robust support and a user-friendly experience throughout their trading journey. Here are some of the key aspects that highlight their customer support and user experience.

Customer Support

Traders can access customer support 24/7 via email, phone, or live chat. The support team at TopTierFunding is known for its prompt and knowledgeable responses, ensuring customers receive accurate information and immediate assistance.

In addition, the platform also provides an extensive FAQ section that covers a wide range of topics, from account setup to trading rules and payout processes.

User Interface

The platform is designed to be user-friendly and intuitive, ensuring traders can navigate the platform easily. The dashboard provides a comprehensive view of the account status, trading history, and performance analytics.

Mobile Compatibility

TopTierFunding also offers mobile compatibility, enabling traders to keep track of their accounts and make trades on the go. The mobile app is available on Android and iOS platforms and maintains the same functionality and user-friendly design as the web platform.

What Makes TopTier Trader Different From Any Other Prop Firm?

Evaluation Process

TopTier Trader utilizes a two-phase evaluation process that rigorously tests a trader’s skills and consistency over an extended period. This approach allows them to identify truly skilled traders and allows traders to learn and grow in a structured, step-by-step process.

Profit Split

The firm offers a high-profit split, up to 80%, and even 90%, in the TopTier Challenge Plus evaluation program. This percentage is higher than many other proprietary trading firms, which often cap their profit splits at around 70%.

Scaling Plan

TopTier Trader’s scaling plan allows successful traders to increase their account balance by achieving specific profit targets within a given time frame. Other prop firms do not commonly offer this mechanism for account growth and can serve as a significant incentive for consistent performance.

Flexibility in Trading Styles

The firm offers multiple trading programs for different trading styles, such as regular and swing trading. This flexibility ensures traders with different preferences and strategies can find a program that suits their needs.

Extensive Learning Resources and Customer Support

TopTier Trader provides comprehensive educational resources and customer support services. The firm seems committed to identifying skilled traders, nurturing their talents, and helping them grow.

Wrapping Up the TopTier Trader Review

TopTier Trader sets itself apart by offering a pathway to becoming a funded trader and empowering its traders with the potential for lucrative profit splits and account scalability.

Their programs accommodate diverse trading styles and are founded on clear and feasible trading parameters.

For those ready to take their trading journey to the next level, TopTier Trader is a promising choice. Click here to sign up for a TopTier Trader account and maximize your trading carrier.

Get Started With TopTier Trader

Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He’s a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.

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