TopTier Trader Review

TopTier Trader Review

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TopTier Trader is a prop trading firm located in the USA, Dover. The company gained attention due to its leadership team and its founders, Jaden Bell, Anthony Williams, Nicolas Castillo. The company’s president is Jamal Hollingsworth and the founder is Quillan “Cue” Banks. CEO is Dave Gutman. Check out the main features that the firm offers: 

Account currencyUSD
Minimum deposit$255
LeverageUp to 1:100
Instrumentsforex, cryptocurrencies, indices, and commodities
FeesRefundable after the challenge is passed. Variable.
Trading platformTradeLocker, MetaTrader 4
AccountsRegular, Swing, and Extended (with scaling)
Deposit and WithdrawalBank transfers, bank cards, e-wallets, and crypto wallets
Split80%-90% : 20%-10%
Daily Loss5%
Profit Target8% to 10% Tier 1, 5% Tier 2
  • TopTier Trader provides prop trading on: Currencies, Commodities, Indices, and Cryptocurrencies
  • TopTier Trader is scoring 4.8/5.0 on Trustpilot after 2,500+ reviews from users
  • TopTier Trader is a transparent and supportive platform
  • There are 3 account groups, each with 4 balance options for traders with different trading styles, experience, and ambitions
  • Traders get 80% of the net profit from the first day of trading on a live account and 90% of the profit for further successful and steady trading
  • The maximum daily drawdown is up to 5%, the maximum total drawdown is up to 10%
  • The challenge is comprehensive; you don’t need to have exceptional trading experience to pass
  • While there are positive reviews, there are also negative reviews and skepticism around the legitimacy of TopTier Trader
  • There have been claims that the company doesn’t honor its return policy if a trader fails the challenge. Make sure you understand the Terms and conditions of a challenge
  • There is no balance scaling on Regular accounts, that is, if you choose an account with a balance of $100,000, you can’t increase it
  • No External Advisors allowed

Table of content

How Does Challenge Work?

They offer a two-level challenge that lasts 40 to 70 days. You start the virtual trade on a demo account and the goal is to achieve a target profit of 5%, 8%, or 10%. Criteria such as maximum total and daily drawdowns, and the minimum number of trading days, are very important. Depending on the trading instrument, you can access leverage up to 1:100. Once you successfully complete the challenge, you will get funded and you can start trading on a live account. 

Scaling Plan

The Regular TopTier Challenge Evaluation Program Accounts include a scaling plan. If you get a profit target of 6% or more within 3 months, you will receive a 25% increase of the original account balance, up to a maximum of $2,000,000.

Account Sizes and Prices

From $5,000 to $300,000 for trading on MetaTrader 4 (MT4) and TradeLocker. To get an account, you need to register and pay an initial fee, which ranges from $255 to $1,399. 

Trading DaysUnlimited UnlimitedUnlimitedUnlimitedUnlimitedUnlimitedUnlimited
Minimum Trading DaysNoneNoneNoneNoneNoneNoneNone
LeverageUp to 1:100*Up to 1:100*Up to 1:100*Up to 1:100*Up to 1:100*Up to 1:100*Up to 1:100*
Profit TargetNoneNoneNoneNoneNoneNoneNone
Max Loss$500 (10%)$1,000 (10%)$2,500 (10%)$5,000 (10%)$10,000 (10%)$20,000 (10%)$30,000 (10%)
Max Daily Loss$250 (5%)$500 (5%)$1,250 (5%)$2,500 (5%)$5,000 (5%)$10,000 (5%)$15,000 (5%)
Payout Expressup to 14 DaysUp to 14 daysUp to 14 daysUp to 14 daysUp to 14 DaysUp to 14 DaysUp to 14 Days
Profit Boosterup to 90%up to 90%up to 90%up to 90%up to 90%up to 90%up to 90%
Trade the NewsAvailableAvailableAvailableAvailableAvailableAvailableAvailable
Weekend TradingAvailableAvailableAvailableAvailableAvailableAvailableAvailable
EA EnabledAvailableAvailableAvailableAvailableAvailableAvailableAvailable
Refundable FeesRefundRefundRefundRefundRefundRefundRefund

Fees and Commissions 

The initial fee is refundable. You get 80% of the net profit, then the split is 90%. There is no target profit, it is the drawdown that matters. TopTier Trader offers a profitable affiliate program that allows traders to earn up to 20% of the initial fee of the invited referral.

Toptier Trader Payout Process

The payouts are processed within 3 – 5 business days. They may receive a percentage of their profits, starting at 80% and potentially increasing to 90% over time

Broker and Trading Platforms

TradeLocker & MetaTrader 4 (MT4) offer charting, technical analysis, automated trading, and the ability to run individual trading robots (Expert Advisors). It also supports real-time financial alerts and tools, exchange instruments, Time & Sales with real volumes and order levels, and manual trading. 

TradeLocker offers that and more… It is a modern, secure platform that has a user-friendly interface, advanced charting capabilities, and automated trading features. It is integrated with TradingView and it’s very easy to use even if you are a new trader.   

Trading Instruments

By using funds from TopTier trader, you can trade with Forex (currency pairs), cryptocurrencies, indices, and commodities. Check the samples below: 

Forex (Currency Pairs)CryptocurrenciesIndicesCommodities
EUR/USD (Euro/US Dollar)Bitcoin (BTC)S&P 500Gold
USD/JPY (US Dollar/Japanese Yen)Ethereum (ETH)NASDAQ CompositeSilver
GBP/USD (British Pound/US Dollar)Ripple (XRP)Dow Jones Industrial AverageCrude Oil
AUD/USD (Australian Dollar/US Dollar)Litecoin (LTC)FTSE 100Natural Gas

Final Thoughts

TopTier Trader prop firm offers lucrative profit splits and account scalability. Their programs fit different trading styles and experience. For those ready to take their trading journey to the next level, it seems that TopTier Trader is a promising choice.

Profit Split: up to 90%
Accounts: $5k-$300k
Challenge: 2-phase, no time limit

Licensing & Safety
Bonuses & Promotions
Customer Support
4.0 Overall Rating

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TopTier Trader Review