Howdy guys! This time we are here again with another review. We will be talking about TopTier Trader since they have implemented many updates in the past eight months. If you’re unfamiliar with who TopTier Trader is? They are a well-established prop trading firm. They have their offices located in Delaware, United States. They’ve grown incredibly and have become one of the more attractive prop trading firm options for Traders, especially in the US.
The proprietary trading firm industry as a whole is continuously evolving, meaning that it can be challenging to follow all of the updates of the top prop trading firms. That’s where we come in by reviewing the top prop trading firms’ positive and negative features and their trading objectives and rules and just generally looking at what they’ve got to offer. Let’s jump into the review and see if TopTier Trader has precisely what you’re looking for in a prop firm. Let’s start the TopTier Trader Updated Review:
TopTier Trader Updated Review
Let’s jump straight into the meat and potatoes and look at the two different funding program options. They’re offering Traders worldwide to choose from:
- TopTier Challenge evaluation program accounts
- Regular TopTier Challenge evaluation program accounts
- Swing TopTier Challenge evaluation program accounts
- TopTier Challenge Plus evaluation program accounts
Regular TopTier Challenge evaluation program accounts
Let’s start with the Regular TopTier challenge evaluation program accounts. Traders have a chance to choose between six account sizes.
- Phase one requires a Trader to reach a profit Target of 10% while not surpassing their 5% maximum daily loss and 10% overall maximum loss rules. You are required to hit your profit Target in 40 calendar days from the day that you place your first position on your evaluation account. You are also required to trade a minimum of four trading days to proceed to phase two.
- Now evaluation phase two requires a Trader to reach a profit Target of 5% while not surpassing their 5% maximum daily loss or 10% maximum overall loss rules. You are required to hit your profit Target in 60 calendar days from the day that you place your first position on your evaluation account. Again, you’re also required to trade a minimum of four trading days in order to proceed to a funded account.
- Now by completing both evaluation phases, you are awarded a funded account. Then, you’ve got no profit targets.
First Payout
Your first payout is fourteen calendar days from the day you place your first position on your funded account. You will have no minimum trading day requirements or other restrictions during this period. Your profit split will be 80 based on the profit you make on your funded account.
Scaling Plan
TopTier challenge evaluation program accounts do also have a scaling plan. You’re required to reach a profit Target of 6% or more within a three-month period where two out of the three months were profitable. You’ll receive an account increase of 25% of the original account balance up to a maximum balance of two million dollars.
Trading Instruments
Trading instruments for the regular TopTier challenge evaluation program accounts are:
- Forex pairs
- Commodities
- Indices
- Cryptocurrencies
Swing TopTier Challenge evaluation program accounts
The next funding program we will cover is the Swing TopTier challenge evaluation program account. You can choose between six account sizes again.
- Phase one requires a Trader to reach a profit Target of 10% while not surpassing their 5% maximum day loss or 10% overall maximum loss rules. Traders must reach your profit Target in 40 calendar days from the day that they place their first position on their evaluation account. The minimum trading days requirement is four trading days again to proceed to phase two.
- Now evaluation phase two requires a Trader to reach a profit Target of 5% while not surpassing their 5% maximum daily loss or 10% overall maximum loss rules. You’re required to reach your profit Target in 60 calendar days from the day that you place your first position on your evaluation account. The minimum trading days requirement is of four trading days in order to proceed to a funded account.
- Once you’ve completed both evaluation phases, you’re again awarded a funded account. There are no profit targets again.
First Payout
Your first payout is 14 calendar days from placing your first position on your funded account. In this time period, again, you will have no minimum trading day requirements and no other restrictions—Eighty profit splits based on the profits you make on your funded account.
Scaling Plan
Again, there’s a scaling plan attached to the swing TopTier challenge. So, you’re required to hit a profit Target of 6% or more within that three months-again; two out of the three months should be profitable. 25% increase of the original account balance up to a maximum balance of two million dollars.
Well, is this interesting enough? Want to learn more? Then go ahead and watch the TopTier Trader Updated Review:
And if you are interested in them, we offer a discount code (TMZ2IGAINC) for a 5% discount! Have fun with it. And if you are having a problem getting the discount, click on the link to get the Step-by-Step guide.
