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Toptier Trader - Funding For Driven Traders > FAQ > TopTier Trader Challenge with Add-Ons

Phase 2 Requirements and Upgrade

Phase 2 Requirements

In order to pass the Phase 2 stage of the TopTier Challenge, you need to have met the below conditions:

  • Made 5% of the initial virtual balance.
  • Traded a minimum of 4 sim days
  • Not violated either the virtual daily or max drawdown rule

If the above conditions have been met you will then be able to advance to the TopTier Trader stage.

Phase 1 Upgrade –

Congratulations on passing the TopTier Challenge Phase 1 challenge! You should receive your Phase 2 credentials via email within 36 – 48 hours. Note that you would need to have met the below conditions on your Tier 1 sim account to receive your Phase 2 credentials:

  • Met the virtual profit target of 10%
  • Met the minimum of 4 sim trading days
  • Closed all active trades on the Tier 1 sim account
  • Have not violated any of our rules

Once all the above conditions are met you should receive your Phase 2 credentials.

Phase 1 Requirements –

In order to pass the Phase 1 stage of the TopTier Challenge, you need to have met the below conditions:

  • Made 10% of the initial virtual balance
  • Traded a minimum of 4 sim days
  • Not violated either the daily or max virtual drawdown rule

If the above conditions have been met you will then be able to advance to the Phase 2 stage. Phase 2 credentials are automatically sent via email within 36 – 48 hours.

 

 

Profit Target & Upgrade

Profit Targets

In order to advance through the Tiers of the TopTier Challenge, you need to reach a certain virtual profit target and trade a minimum of 4 sim days on the respective Tier.

Below are the virtual profit targets for each Tier:

  • Tier 1 – 10% (Unlimited Trading Days)
  • Tier 2 – 5% (Unlimited Trading Days)

Once you have reached TopTier Trader you do not need to meet any virtual profit targets or minimum sim trading days.

Tier 2 Upgrade –

Congratulations on passing the TopTier Challenge Tier 2 challenge! Your TopTier sim account should be issued within 36 – 48 hours. Note that you would need to have met the below conditions on your Tier 2 account to have your TopTier account issued:

  • Met the virtual profit target of 5%
  • Met the minimum of 4 sim trading days
  • Closed all active trades on the Tier 2 sim account
  • Have not violated any of our rules

Once all the above conditions are met note that you would be required to submit your KYC and sign our Trader’s Agreement in order for your TopTier sim account to be enabled for trading, which in turn gets the credentials sent out to you. Until this has been done, your account will not be tradeable and you will not receive the credentials. Once completed, your account will be enabled for trading on the upcoming Monday, Wednesday, or Friday.

For more information about KYC/AML Screening

KYC/AML Screening

Max and Daily Drawdown

Max Overall Simulated Drawdown

The max overall simulated drawdown limit for the TopTier Challenge is based on your initial simulated balance and is 10% of that value.

For example, if you have an initial sim balance of $100,000.00, your max overall sim drawdown limit would be $10,000.00. Meaning that your sim account’s equity would not be allowed to go below $92,000.00.

Another example would be if you had an initial sim balance of $100,000.00 but your current sim balance is $150,000.00, your max overall sim drawdown limit would still be $10,000.00 which is based on your initial sim balance. Meaning that your sim account’s equity would not be allowed to go below $90,000.00.

A simple way to calculate the max overall sim drawdown is:

  • Initial Balance X 0.10 = Drawdown Limit
  • Initial Balance – (Initial Balance X 0.10) = Drawdown Equity Limit

Note that exceeding the max overall drawdown limit will result in the automatic failure/breach of your account.

Daily Simulated Drawdown Limit

The daily simulated drawdown limit for the TopTier Challenge accounts is 5% of either the starting day’s virtual balance or starting day’s virtual equity depending on which is higher. The simulated drawdown will reset at 5PM EST.

For example, if you had a virtual balance of $100,000.00 and sim equity of $105,000.00 at 5PM EST, your daily sim drawdown limit would be $5,250.00 which is based on your sim equity as it is higher than the sim balance. Meaning that your account’s sim equity would not be allowed to go below $99,750.00.

Another example would be if you had a sim balance of $100,000.00 and equity of $97,500.00 at 5PM EST, your daily sim drawdown limit would be $5,000.00 which is based on your sim balance as it is higher than the sim equity. Meaning that your account’s sim equity would not be allowed to go below $95,000.00.

A simple way to calculate the daily sim drawdown is:

  • Higher Account Value = Starting Day’s Balance or Starting Day’s Equity, depending on which is higher.
  • Higher Account Value X 0.05 = Drawdown Limit
  • Higher Account Value – Drawdown Limit = Drawdown Equity Limit

Note that exceeding the daily sim drawdown limit will result in the automatic failure/breach of your account.

Account Inactivity

TopTier Challenge accounts are automatically disabled after 30 days of inactivity from the date of issue by the broker which would be your purchase date.

To avoid your account from being disabled please log into your account at least once every 30 days to avoid the account from being disabled.

If your account is disabled, please send an email to [email protected] or contact our live chat to get a new account issued to you when you are ready to start your challenge.

If your account is 0.25% away from breaching you will not be issued a new account.

Payouts

Payout Request

In order to request a payout from your TopTier Funded account, you must not only be eligible for a payout but must also submit a request from your trader’s dashboard. Please note that in order to be eligible for a payout you must meet the following conditions:

First Payout Request

  • 30 days from the first trade on the account
    • if trader purchased the 14-Day Payout add-on with challenge, then drops to 14 day
  • No active trades on the account

Subsequent Payout Requests

  • 14 days from the first trade after the last payout on the account
  • No active trades on the account

Payout Methods

  • BTC
  • Wise

Payouts will be processed within 3 – 5 business days after we have received confirmation from the trader regarding their payout amount and details.

Wise payouts will require traders to possess a Wise account. As such, you will be required to create a Wise account under the email registered on our platform so we can issue your payout to you.

Note that you will be responsible for any transaction fees from processing your payout. Your account will also be placed on read-only until your payout has been completed.

Payouts will only be made to accounts that have fully verified their KYC via our verification partner Sumsub.

Note that under no circumstance will you be eligible for a payout if you breach your funded account regardless of the profitability of the funded account.

Challenge Reset

In order to be eligible for a reset on the TopTier Challenge accounts, a trader’s challenge would need to be:

  • A failed Tier 1 challenge
  • Within 24 hours of failure

If the above conditions are met then you will be eligible for a challenge reset where you will start your challenge from Tier 1 at a discounted rate.

Restricted EAs

Prohibited EAs

  • Signal trading via copy trader
  • Account management via copy trader belonging to 3rd party.
  • High-frequency
  • Data feed manipulation
  • Tick scalping
  • Latency arbitrage
  • Reverse arbitrage
  • Hedge arbitrage
  • Emulators

Two-Phase Challenge with Add-On Features

TopTier Trader has enabled traders of all experience levels and trader styles to customize their challenge accounts, by granting the ability to select the trade features that best match traders’ needs.  Traders can simply select the desired challenge amount, then choose from six add-on features.  Based on which add-on features traders select, their cart will reflect the total price of the challenge and the selected add-ons.

Add-ons

14-Day Payout – allows for quicker payout for funded accounts

90/10 Profit Split – allows for higher profit split for funded accounts.

EA’s Allowed – allows for certain Expert Advisor use.

Double Leverage – increases the available leverage for both evaluation and live phases to the following amounts:  1:100 Forex, 1:40 Gold & Commodities, 1:30 Indices, 1:20 Crypto.

Weekend Trading – allows to hold trades over the weekend.

New Trading – allows for trading during news events.

Trader Type Buttons

Traders can easily select or deselect any add-on as well as select from three trader types.  By selecting New Trader, Experience or Professional, popular add-ons will be preselected.  If the trader wishes to remove add-ons, he/she can deselect the add-on or select the Custom button to clear any selected add-ons.