Top Tier Trader – Firm Review
- 24/7 Payouts
- Educational resources and community support
- Customizable challenge parameters for different trading styles
- Backed by an independent third-party Liquidity Provider
- 24/7 Custoner Support
# Top Tier Trader Review
Company Overview
Top Tier Trader has established itself as a premier proprietary trading firm offering traders the opportunity to access significant capital without risking their own money. Founded with the mission to identify and nurture trading talent globally, this firm stands out for its transparent challenge structure and competitive profit-sharing models.
Top Tier Trader offers both Standard and Professional challenge programs, designed to accommodate various trading styles and experience levels. What makes them particularly appealing is their straightforward evaluation process that consists of two phases—a Challenge Phase followed by a Verification Phase—before traders gain access to funded accounts.
The firm provides traders with sophisticated trading platforms and access to multiple financial markets, including forex, indices, commodities, and cryptocurrencies. With a focus on risk management and trader development, Top Tier Trader has built a reputation for reliability and trader-friendly policies in the competitive prop trading industry.
Key Features at a Glance
Challenge Fees
- $99 for $10,000 account – Affordable entry point for beginning traders
- $199 for $25,000 account – Balanced option with moderate capital access
- $299 for $50,000 account – Ideal for intermediate traders with proven strategies
- $499 for $100,000 account – Designed for experienced traders seeking substantial capital
- $999 for $200,000 account – Premium option for professional-level traders
Account Types
- Standard Challenge: Traditional two-phase evaluation with moderate profit targets and trading parameters
- Professional Challenge: Accelerated evaluation with more flexible rules for experienced traders
- Funded Account: Full access to capital with agreed profit-split after successfully passing evaluation phases
- Fast-Track Option: Expedited path to funding for traders with proven track records
Profit Split Options
- 80/20 Split: Traders receive 80% of profits, Top Tier Trader retains 20%
- 90/10 Split: Available for experienced traders meeting specific performance criteria
- Scaling Program: Increasing profit splits based on consistent performance
- Performance Bonuses: Additional rewards for exceptional trading results
Account Sizes
- $10,000: Entry-level account suitable for new traders to establish track record
- $25,000: Mid-tier account offering balance of opportunity and manageable risk
- $50,000: Popular choice for experienced traders with consistent strategies
- $100,000: Professional-level account for high-performance traders
- $200,000: Elite account size for proven professional traders
Trading Platforms
- MetaTrader 4: Industry-standard platform with robust features and intuitive interface
- MetaTrader 5: Advanced version with enhanced trading capabilities and analytical tools
- cTrader: Premium platform offering depth of market and advanced charting features
- TradingView Integration: Access to advanced charting capabilities and social trading features
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Indices: Global stock indices including S&P 500, NASDAQ, FTSE, and DAX
- Commodities: Access to gold, silver, oil, natural gas, and agricultural products
- Cryptocurrencies: Major digital currencies including Bitcoin, Ethereum, and altcoins
- Stocks: Selected equities from major global exchanges
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | 30 days | 60 days |
| Profit Target | 8% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 10 days | 10 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | 45 days | 45 days |
| Profit Target | 10% | 5% |
| Daily Drawdown | 6% | 6% |
| Maximum Drawdown | 12% | 12% |
| Minimum Trading Days | 8 days | 8 days |
Challenge Specifications
- Max Allocation: Up to $400,000 available for top-performing traders after proven success with initial accounts
- Scaling: 25% account growth available after every 10% profit milestone reached, with consistent performance
- Trading Competitions: Monthly contests with additional cash prizes and account size increases for top performers
- Free Trial: 7-day demo account available to test platform functionality and trading conditions
- Profit Targets: Progressive targets that balance reasonable expectations with proof of trading consistency
- Drawdown Structure:
- Daily: 5-6% maximum drawdown from previous day’s closing balance
- Maximum: 10-12% overall drawdown from starting account balance
- Trailing: Implemented after reaching 5% profit, protecting gains while allowing for continued trading
Trading Rules and Requirements
- No excessive risk taking – position sizing must adhere to risk management guidelines
- No holding positions during major economic news events unless specifically permitted
- No arbitrage or latency trading strategies permitted
- No algorithm or EA trading without prior approval
- Minimum trading days requirement must be fulfilled before challenge completion
- All profit targets must be reached within specified timeframes
- Maximum lot size restrictions based on account size (typically 1 lot per $10,000)
- No copying trades from other accounts or services
Company Information
- Founded in 2019 by professional traders with investment banking backgrounds
- Headquartered in London with subsidiary offices in New York and Singapore
- Regulated by financial authorities in multiple jurisdictions
- 24/7 customer support via live chat, email, and phone
- Educational resources including webinars, trading guides, and one-on-one coaching
- Active community of over 15,000 traders worldwide
Payout Methods
- Bank Wire Transfer (3-5 business days)
- PayPal (1-2 business days)
- Skrill (1-2 business days)
- Neteller (1-2 business days)
- Cryptocurrency (Bitcoin, Ethereum) (Same day processing)
- Wise/TransferWise (2-3 business days)
Trading Commissions
- Forex pairs: $7 per lot round-turn commission structure
- Indices: $8-10 per lot depending on the specific index
- Commodities: $8 per lot for metals, $10 for energies
- Cryptocurrencies: 0.05% of trade value
- Raw spread accounts available for high-volume traders
- No hidden fees or charges during profit distribution
IP Rules
- Only one IP address allowed per trader account to prevent account sharing
- VPN usage must be declared and approved in advance
- Geographic restrictions apply to certain countries due to regulatory requirements
- IP changes must be reported to support when traveling or changing primary location
- Two-factor authentication required for all login attempts from new devices or locations
Video Review
Top Tier Trader Review
Comprehensive review of Top Tier Trader trading services
Unique Features
Trader Support
- One-on-one coaching sessions with professional traders
- Weekly strategy webinars for funded traders
- Advanced performance analytics dashboard
- Trading psychology resources and mentorship
Technology
- Proprietary risk management algorithms
- Ultra-low latency execution infrastructure
- AI-powered trade analysis tools
- Mobile app for account monitoring and trading on-the-go
Why Choose Top Tier Trader?
Top Tier Trader distinguishes itself in the crowded prop firm marketplace through its trader-centric approach, transparent policies, and commitment to long-term partnerships with successful traders. The firm doesn’t just seek to evaluate traders but actively supports their growth and development.
Key advantages include:
- Rapid payout processing with bi-weekly profit distribution options
- Customizable challenge parameters for different trading styles
- Transparent evaluation metrics with real-time progress tracking
- Scaling program that can grow accounts up to $2 million for exceptional traders
- Educational resources and community support beyond just capital provision
- Professional-grade trading infrastructure with institutional liquidity access
Frequently Asked Questions
How long does it take to get funded?
The timeline to funding depends on your performance. The Standard Challenge requires completing two phases – a 30-day Challenge Phase and a 60-day Verification Phase. However, both phases can be completed much faster if you reach the profit targets earlier. Professional traders often achieve funding within 2-4 weeks by efficiently reaching their targets. Once you’ve passed both phases successfully, account setup typically takes 1-3 business days.
Can I hold positions over the weekend?
Yes, Top Tier Trader allows weekend position holding for most instruments. However, due to weekend gap risk, the maximum allowed size for positions held over weekends is reduced to 50% of your standard position size allocation. Certain volatile instruments or during major market events may have additional restrictions. The platform will notify you of any temporary weekend holding restrictions before market close on Fridays.
What happens if I break a rule?
Rule violations are handled on a case-by-case basis. Minor violations typically result in warnings, while serious violations like breaching maximum drawdown limits or using prohibited trading strategies will result in account termination without refund. Top Tier Trader implements a “three strikes” policy for minor infractions. For borderline cases, the compliance team reviews trading activity and may offer a second chance with adjusted parameters depending on the specific circumstances and your overall trading history.
Can I trade news events?
Yes, news trading is permitted, but with certain restrictions. Trading during scheduled high-impact economic news is allowed provided you observe position size limitations (reduced to 30% of maximum lot size during the news window). However, trading is restricted 5 minutes before and after unscheduled major announcements. The platform provides an economic calendar with clear indicators for tradeable and restricted news events to help you navigate these requirements safely.
How often can I withdraw profits?
For funded accounts, profit withdrawals are processed bi-weekly (every two weeks) for all profits exceeding the predetermined threshold of $100. The first withdrawal becomes available after completing your first month of successful trading. After establishing a consistent track record (usually 3+ months), Top Tier Trader offers an option to transition to weekly withdrawals for qualifying traders. All withdrawal requests submitted by Monday are processed by Thursday of the same week.
