Top One Trader Review
So, let's begin our Top One Trader review. This Prop Firm incorporated on October 16, 2023. Based in Wyoming, USA, the firm is led by CEO Matt Moris. Top One Trader offers traders a choice between two types of account evaluations: a two-step evaluation and a one-step evaluation, catering to different levels of trader expertise and commitment. The firm has partnered with ThinkMarkets as its broker, providing traders with robust trading platforms and tools necessary for effective trading strategies.
- Automated trading (Expert Advisors) - YES
- Platform for trading - Match-Trader, TradeLocker
- Leverage - up to 1:50
- Participation cost - from $119
- Weekend holding positions - allowed
- Grid and martingale trading - disallowed
- Stop-loss Required - Yes
Go to the Top One Trader website >>>
Expert Advisors Suitable for this Prop Firm:
Top One Trader Challenges
In our Top One Trader review we would like to note that this a proprietary trading firm built on three fundamental pillars of success: trust and integrity, exceptional support, and a strong culture and community. This framework guides the firm in fostering a reliable and supportive environment for traders. Participants have the potential to earn substantial profits, with the flexibility to manage account sizes up to $200,000 and receive profit splits of up to 90%. Traders at Top One prop firm can engage in trading a wide variety of financial instruments, including forex pairs, commodities, indices, and cryptocurrencies, providing a broad platform for achieving their financial goals.
Pro Top One Trader Challenge
Top One Trader rules:
- Profit Target – Traders are required to meet specific profit percentages to successfully conclude an evaluation phase, withdraw earnings, or scale their trading accounts. In Phase 1, the profit target is set at 8%, while Phase 2 has a lower target of 5%. Funded accounts, however, do not have predefined profit targets.
- Maximum Daily Loss – There is a cap on the amount traders can lose in a single trading day without breaching their account's conditions. This maximum daily loss is set uniformly at 5% across all account sizes.
- Maximum Loss – There is also a limit on the total amount a trader can lose without breaching their account. This maximum overall loss is set at 10% for all account sizes.
- Stop-loss Requirement – Traders must set a stop-loss order for each trading position they open to manage risks effectively. This requirement is not mandatory if using certain add-ons.
- No Martingale – The use of martingale strategies, which involve doubling down on losing bets to recoup losses, is strictly prohibited during trading activities to promote risk management and financial discipline.
Participation cost:
- $10,000 - $119
- $25,000 - $239
- $50,000 - $329
- $100,000 - $545
- $200,000 - $1,049
Pro Challenge offers traders the opportunity to manage accounts ranging from $10,000 to $200,000, aiming to identify skilled traders who can generate profits and effectively manage risks. The Pro Challenge allows trading with leverage up to 1:50, enhancing the potential for significant returns.
Evaluation Phase One: Traders are required to achieve an 8% profit target while adhering to a 5% maximum daily loss and a 10% maximum total loss. There are no specific minimum or maximum trading day requirements in this phase. Advancement to the next phase is contingent solely on meeting the 8% profit target without violating the established loss limits.
Evaluation Phase Two: In this phase, traders must achieve a 5% profit target, with the same loss restrictions as in the first phase: a 5% maximum daily loss and a 10% maximum total loss. Similar to the first phase, there are no trading day constraints. Successful completion of this phase, by reaching the 5% profit target without exceeding loss limits, qualifies the trader for funded status.
Upon successfully completing both evaluation phases, traders receive a funded account without minimum withdrawal stipulations. The established trading conditions continue with a 5% maximum daily loss and a 10% maximum loss requirement. The initial payout occurs 30 calendar days after the first trade is placed on the funded account, with subsequent withdrawals available bi-weekly. Profit splits in the funded account range from 80% to 90%, based on the profits generated, rewarding successful trading strategies and risk management.
The Pro Challenge features a dynamic scaling plan designed to reward consistent profitability. If a trader achieves an average return of 12% over a three-month period, with a minimum of 3% each month, they become eligible for an account size increase of 25% from the initial balance.
Example of Scaling Plan:
After 3 Months: A trader managing a $100,000 account who meets the criteria increases their account size to $125,000.
After the Next 3 Months: If the trader continues to meet the profitability criteria with the $125,000 account, the account size increases further to $150,000.
After Another 3 Months: Continuing the trend of success, a $150,000 account meeting the criteria would then be scaled up to $175,000.
This scaling continues accordingly, providing traders with substantial opportunities to expand their trading capital based on demonstrated skill and consistency, effectively incentivizing long-term profitability and risk management.
Flash Top One Trader Challenge
Top One Trader rules:
- Profit Target – Traders are tasked with reaching a specific profit percentage to successfully complete an evaluation phase, withdraw earnings, or scale their trading account. For the evaluation phase, the required profit target is set at 10%. Funded accounts, however, are not bound by any designated profit targets.
- Maximum Daily Loss – There is a stipulated maximum loss limit that traders are allowed to incur in a single trading day without violating account conditions. This limit is set at 5% for all account sizes.
- Maximum Trailing Loss – This measure is defined by the difference between the highest account balance achieved and the lowest point during a drawdown. Traders must ensure that this trailing loss does not exceed 8% for any account size to avoid breaching the account.
- Stop-loss Required – It is obligatory for traders to set a stop-loss order for each trade they initiate to manage risks effectively. However, this requirement is waived if certain add-ons are used.
- No Martingale – The use of any martingale strategy, which involves doubling down on losing bets to recover losses, is strictly prohibited during trading activities to ensure prudent risk management and to uphold trading discipline.
Participation cost:
- $10,000 - $119
- $25,000 - $239
- $50,000 - $329
- $100,000 - $545
- $200,000 - $1,049
Flash Challenge offers traders the opportunity to manage account sizes from $10,000 to $200,000, with the objective to identify and foster talented traders who can profitably manage risk within a streamlined, one-step evaluation process. Participants in the Flash Challenge are permitted to trade with leverage up to 1:20.
Evaluation Phase: During this phase, traders must achieve a profit target of 10%, while adhering to a 5% maximum daily loss and an 8% maximum trailing loss. Importantly, there are no specific minimum or maximum trading day requirements in this phase, providing flexibility in trading strategy and pace. To advance to funded status, traders need only meet the 10% profit target without violating the established daily or trailing loss limits.
Post-Evaluation: Successfully completing the evaluation phase qualifies traders for a funded account, which imposes no minimum withdrawal constraints. Continued adherence to the 5% maximum daily loss and 8% maximum trailing loss rules is required. The initial payout occurs 30 calendar days after the first trade is placed on the funded account, with subsequent withdrawals available on a bi-weekly basis. Profit splits in the funded account range from 75% to 90%, based on the profits generated, incentivizing high performance and effective risk management.
The Flash Challenge also includes a scaling plan designed to reward consistent profitability. If a trader maintains an average return of 12% over a three-month period, with at least a 3% return each month, they become eligible for an account size increase equal to 25% of the initial account size.
Example of the Scaling Plan:
- After 3 Months: A trader managing a $100,000 account, who meets the profitability criteria, will see their account increase to $125,000.
- After the Next 3 Months: If the trader continues to meet the criteria with the $125,000 account, the account size will increase to $150,000.
- After Another 3 Months: Continuing this pattern, a $150,000 account that meets the criteria will increase to $175,000.
This scaling plan allows traders to progressively increase their account size, providing greater capital to leverage their trading strategies and maximize profits over time.
The Best Prop Firm passed software are here:
In our Top One Trader review we would like to note that this proprietary trading firm established on October 16, 2023, has cultivated a large community of traders who have achieved funded status and qualify for profit splits.
- Payout Structure: Upon reaching funded status through either the Pro Challenge or the Flash Challenge, traders are eligible for their first payout after 30 calendar days. Subsequent payouts are available every 14 calendar days, provided traders exceed their initial account size. The Flash Challenge offers a profit split ranging from 75% to 90%, while the Pro Challenge provides an even more generous split, ranging from 80% to 90%, based on the profits generated.
- Online Presence and Proof of Payment: Top One Trader's credibility is supported by numerous positive reviews and testimonials found on various websites, including Trustpilot, where traders share their experiences and confirm the receipt of payouts. Additionally, the firm's Discord channel features numerous interviews with successful traders and showcases payout certificates, further validating the reliability of the firm.
Examples of payout certificates and other proof of payments can be viewed in the images below, providing tangible evidence of the firm's commitment to rewarding its traders.
Top One Trader Review and Our opinion about this Prop Firm
In conclusion, In our Top One Trader review we would like to note that this company stands out as a reputable and reliable proprietary trading firm, providing traders with the choice between two distinct funding programs: the Pro Challenge and the Flash Challenge.
- Pro Challenge: This industry-standard two-step evaluation requires traders to successfully complete two phases to qualify for a funded account, offering profit splits ranging from 80% to 90%. Traders must achieve profit targets of 8% in phase one and 5% in phase two while adhering to a 5% maximum daily loss and a 10% maximum overall loss. There are no minimum or maximum trading day requirements, allowing traders to proceed at their own pace. Additionally, the Pro Challenge features a scaling plan, enabling traders to increase their initial account balance.
- Flash Challenge: This one-step evaluation necessitates the completion of a single phase to become eligible for a funded account, with profit splits ranging from 75% to 90%. Traders are required to meet a 10% profit target, complying with a 5% maximum daily loss and an 8% maximum trailing loss. Similar to the Pro Challenge, there are no minimum or maximum trading day constraints, providing flexibility in trading pace. The Flash Challenge also includes a scaling plan, allowing traders to expand their initial account balance based on performance.
In our Top One Trader review we would like to note that thic company is highly recommended for individuals seeking a reliable proprietary trading firm that offers favorable conditions accommodating diverse trading styles. The firm provides unique features such as unlimited trading periods, no minimum trading day requirements, various add-on options, and bi-weekly withdrawals. Considering all that offers to traders worldwide, it is undoubtedly a top choice in the proprietary trading industry.
