TopTier Trader Review
TopTier Trader, officially registered as TopTier Trader LLC, is a proprietary trading firm established on October 18, 2021. Headquartered in Florida, USA, the company is led by CEO Dave Guttman. TopTier Trader offers traders a unique two-step evaluation process in collaboration with their brokerage partner, ThinkMarkets.
- Platforms for Prop Trading: MetaTrader 4, MetaTrader 5
- Participation cost: from $65
- Available capital for management: from $5,000 to $100,000
- Leverage Available up to 1:100
- Two Unique Funding Programs
- Professional Trader Dashboard
- Wide Range of Trading Instruments (Forex Pairs, Commodities, Indices, Cryptocurrencies)
- No Maximum Trading Period
- Scaling Plan
- Bi-weekly Payouts
- Profit Share of 80% up to 90%
- Overnight Holding Allowed
- Weekend Holding Allowed (Except on Regular TopTier Challenge)
- News Trading Allowed
- Balance-based Drawdown on TopTier Challenge
Go to the TopTier website >>>
TopTier Funding Programs
Funding Pips, a proprietary trading firm officially known as ANKH PROP – FZCO, was established on August 25, 2022. Based in Dubai, United Arab Emirates, the firm is led by CEO Khaled Ayesh. Funding Pips offers traders a selection of three account types: a two-step evaluation, a one-step evaluation, and a three-step evaluation. They have partnered with a tier-1 liquidity provider to ensure the best simulated real market trading conditions through their brokerage services. Now we will describe each of these programs in more detail:
TopTier Challenge TopTier Trader Program
FundingPips rules:
- Profit Target: Traders must reach a specified profit percentage to complete an evaluation phase, withdraw earnings, or scale their account. The profit target is 10% for Phase 1 and 5% for Phase 2. Funded accounts have no specified profit targets.
- Maximum Daily Loss: The maximum allowable loss in a single trading day is 5% for all account sizes.
- Maximum Loss: The overall maximum allowable loss is 10% for all account sizes.
- Minimum Trading Days: A minimum of 4 trading days is required to complete each evaluation phase.
- No News Trading: Trading during high-impact news releases is prohibited (allowed with an add-on).
- No Martingale: The use of any martingale strategy is prohibited.
- No Weekend Holding: All trades must be closed before the Friday market close (allowed with an add-on).
- No Expert Advisors: The use of Expert Advisors is prohibited during trading (allowed with an add-on).
- No Trade Copiers: The use of Trade Copiers is prohibited during trading.
Participation cost:
- $5,000 - $65
- $10,000 - $129
- $25,000 - $229
- $50,000 - $335
- $100,000 - $499
- $200,000 - $975
- $300,000 - $1,345
TopTier Trader’s TopTier Challenge offers traders the chance to manage account sizes ranging from $5,000 to $300,000. The goal is to identify skilled traders who can consistently generate profits and manage risk effectively during the two-step evaluation process. The challenge permits trading with up to 1:100 leverage.
Evaluation Phase One: Traders must achieve a profit target of 10% while adhering to a maximum daily loss of 5% and a total maximum loss of 10%. There are no maximum trading day requirements, but a minimum of four trading days is required to advance to Phase Two.
Evaluation Phase Two: Traders must reach a profit target of 5%, maintaining the same 5% maximum daily loss and 10% maximum loss rules. Similar to Phase One, there are no maximum trading day requirements, but traders must trade for at least four days to qualify for a funded account.
Upon completing both evaluation phases, traders receive a funded account with no minimum withdrawal requirements, provided they continue to observe the 5% maximum daily loss and 10% maximum loss rules. The first payout occurs 30 calendar days after placing the initial trade on the funded account, with subsequent withdrawals available bi-weekly. Profit splits range from 80% to 90%, based on the profits generated in the funded account.
The TopTier Challenge also features a scaling plan. Traders who are profitable for at least two of the last three months, with either an average return of 6% over the three-month period or a 2% return each month during that period, become eligible for an account size increase of 25% of the initial account size.
Example:
- After 3 Months: A qualified $100,000 account increases to $125,000.
- After the Next 3 Months: A qualified $125,000 account increases to $150,000.
- After the Next 3 Months: A qualified $150,000 account increases to $175,000.
And the process continues in this manner.
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TopTier Trader Review and Our opinion about this Prop Firm
In conclusion, TopTier Trader is a reputable and trustworthy proprietary trading firm offering traders the opportunity to participate in a single funding program, the TopTier Challenge, which involves a two-step evaluation process.
The TopTier Challenge is an industry-standard evaluation requiring traders to complete two phases before managing a funded account and earning profit splits ranging from 80% to 90%. In phase one, traders must achieve a 10% profit target, while phase two requires a 5% profit target. These objectives are realistic, with a 5% maximum daily loss and a 10% maximum loss rule in place. There are no maximum trading day requirements in either phase, but traders must engage in a minimum of four trading days per phase. Additionally, the TopTier Challenge includes a scaling plan, allowing traders to increase their initial account balance over time.
TopTier Trader is highly recommended for those seeking a reputable proprietary trading firm with exceptional trading conditions that cater to various trading styles. Unique features include an unlimited trading period, multiple add-on options, and bi-weekly payouts. Considering the comprehensive offerings of TopTier Trader, they stand out as a desirable choice in the prop trading industry.