TopTier Trader Forex prop firm review

TopTier Trader prop firm offers traders funded accounts from 5k to 300k USD. The firm offers only one funded account challenge, and there are also discount codes to reduce fees. The firm has add-ons where traders can set up their accounts according to their needs and preferences. TopTier Trader was established in 2021, making it an experienced prop firm.

In today’s TopTier Trader review, we will assess the firm’s important features including safety, rules, funded options, assets, platforms, education, support, and much more. After reading this review, you will be able to define whether TopTier Trader can be trusted.

Overall

TopTier Trader prop trading firm was established in 2021, and offers TradeLocker, fees start from 65 USD. Traders can choose between different add-ons to increase their chances of success, but it makes accounts more expensive. There is only one funded account challenge and funded options range from 5k to 300k USD with a scaling plan of up to 2 million dollars. Traders can also merge 2 300k accounts to trade on up to 600k USD funded accounts in total. Support includes live chat, phone support, and email, and all of them are multilingual.

Pros & cons of TopTier Trader prop firm

Pros

• ✅ Offers a simple, straightforward funded account challenge
• ✅ The firm provides a profit split of up to 90%, which is highly competitive
• ✅ Educational resources, including the TopTier Trader Academy, offer valuable training
• ✅ Customer support includes phone, live chat, and email and is multilingual

Cons

• 🚫 Offers only one funded account type
• 🚫 Add-ons can make the pricing expensive for funded options
• 🚫 The trading platform, TradeLocker, lacks advanced features
• 🚫 All trading is conducted on demo accounts, and the firm does not specify partnerships with regulated brokers

Safety of TopTier Trader

TopTier Trader reviews are lacking on the FPA, despite having been established in 2021. On Trustpilot, the firm managed to achieve a 4.2 score. Only 7% of reviews are 1-star, while 87% are 5-star evaluations. This indicates that the firm is not a scam and many traders find its services reliable. All accounts are demo or simulated funded accounts even after the trader becomes funded. This is common among prop firms and is called monetized demo trading.

TopTier Trader Funding and maximum capital allocation

The TopTier Trader funded program allows traders to access diverse funded options. There is only one funded account challenge, which is a 2-step account. Funded options include 5k, 10k, 25k, 50k, 100k, 200k, and 300k USD amounts.

TopTier Trader funding options are diverse, but the firm does not offer any other funded type, such as 1-step or instant. Therefore, it is only attractive to certain types of traders, including beginners. TopTier Trader challenge requires traders to achieve profit targets twice for phases 1 and 2.

TopTier Trader scaling plan allows for up to 2 million dollars and traders can also merge two 300k accounts to get 600k funding.

TopTier Trader Assets

TopTier Trader prop trading is possible by speculating on several asset classes such as Forex pairs, Gold & Commodities, indexes, and cryptos. The leverage is different depending on whether the trader selected add-ons. The regular challenges by TopTier Trader allow for 1:100 on Forex, 1:40 on Gold & Commodities, 1:30 on Indices, and 1:2 for Cryptos.

TopTier Trader Trading rules and limitations

TopTier Trader rules are straightforward. The daily risk limit is 5%, the maximum drawdown is 10%, and profit targets for phases 1 and 2 are 10% and 5%. Minimum trading days are 4, News trading is allowed, EAs are allowed, weekend holding is available, and fees are refundable.

TopTier Trader allows traders to select several add-ons to get additional benefits during trading, here is the list:

• Express payout of 14 days
• 90% profit share
• EAs allowed
• Reduced profit target of 8%
• Double leverage
• Weekend trading and holding
• News trading
• No minimum trading days

These add-ons considerably increase the pricing for the funded accounts.

TopTier Trader Fees

The fees for basic funded options are competitive, but if the trader selects add-ons, the pricing becomes expensive. Here is the list of fees for basic funded options without add-ons:

• Funded amount: 5,000 USD — One-time fee: 65 USD
• 10,000 USD — 129 USD
• 25,000 USD — 229 USD
• 50,000 USD — 335 USD
• 100,000 USD — 499 USD
• 200,000 USD — 975 USD
• 300,000 USD — 1,345 USD

The TopTier Trader free trial is not offered at the moment, and the TopTier Trader free repeat is not available either.

TopTier Trader Platforms

TopTier Trader offers traders access to an advanced platform, TradeLocker. The platform is popular among prop trading firms as it offers many useful features and is adjusted for prop trading. However, the platform is not as advanced as popular platforms such as MT4 or MT5 and lacks many features.

TopTier Trader Profit-Sharing

TopTier Trader profit split is 85% and traders can get up to 90% with add-ons. Payouts are processed within 24 hours, which is very fast. Traders can start withdrawing profits after they get funded and achieve profitability.

Education and trading tools at TopTier Trader

The educational resources offered by TopTier Trader are abundant. There are trading courses where traders can learn trading basics, psychology, and much more. There is a TopTier Trader Academy and Academy Plus. The Academy Plus is a paid course.

There is also a blog with market insights and updates, which is also very useful. Overall, TopTier Trader prop firm is in a small list of firms that offer good educational resources for beginners.

Customer Support at TopTier Trader

The firm offers diverse customer service options including live chat, email, and phone support. The presence of phone support is a green flag indicating the firm is not shy to disclose its number. The website and support of TopTier Trader are multilingual and available in 4 different languages.

Frequently Asked Questions on TopTier Trader