TopTier Trader

FAQ

TopTier Trader is an evaluation company that is searching for experienced traders. To determine if a trader has what it takes, we created a 2-Tier evaluation process. Upon successful completion of the evaluation, traders are offered a placement in the Top Tier Proprietary Trading Firm, where they can remotely manage funds and continuously grow the account through our scaling plan. As a Top Tier Trader, you are eligible to keep 80%% of the profits you generate. Our company covers all losses, if any.

Once you pass Tier 1 or Tier 2, please do not alter the account in any way, and make sure to close all positions. Altering an account after it has passed a tier will result in the account being invalid, and therefore cause the trader to have to redo that tier. If you violate any drawdown even after reaching the profit target your evaluation will be considered failed and you must purchase another evaluation in order to become eligible again.

No, we are not a broker and do not offer broker services.

Tier 1 is the first step of the Evaluation Process. You need to succeed here to advance into Tier 2.

Prove your trading skills and discipline in observing the Trading Objectives.

To pass Tier 1, the profit target must be met within the duration of 30 days with no drawdown violations.

Tier 1 of the Evaluation is 30 days in length

Profit target is 10%

There is a minimum of 7 trading days that you must trade required.

If you manage to pass the trading objective sooner, you do not need to wait for the remaining duration days.

You will have an allowed max daily loss (drawdown) of 5% of the daily starting balance.

Your max daily loss will reset each day at 5:00 PM Eastern Time.

You will have an allowed max overall loss (drawdown) of 10% of the initial account balance you purchased.

When calculating drawdown, we include all floating losses and profits.

If a drawdown violation occurs, you will fail the evaluation and will have to purchase a new account.

Once you reach the target, the account must be flat and remain above the target in order to move to Tier 2

Tier 2 is the second and the last step towards a Top Tier Funded account. Once you pass Tier 2 and your results are verified, you will be offered to trade for our proprietary trading firm.

To pass Tier 2, the profit target must be met within the duration of 60 days with no drawdown violations.

Tier 2 of the Challenge is 60 days in length.

Profit target is 5%

There is a minimum of 7 trading days that you must trade required.
If you manage to pass the trading objectives sooner, you do not need to wait for the remaining duration days.

You will have an allowed max daily loss (drawdown) of 5% of the daily starting balance. When calculating drawdown, we include all floating losses and profits.

Your max daily loss will reset each day at 5:00 PM Eastern Time.

You will have an allowed max overall loss (drawdown) of 10% of the initial account balance you purchased. When calculating drawdown, we include all floating losses and profits.

If a drawdown violation occurs, you will fail the evaluation and will have to purchase a new account.

Once you reach the target, the account must be flat and remain above the target in order to move to TopTier

Note: These are the exact same rules and parameters that you had in Tier 1.

You are officially a Top Tier Funded trader. Trade responsibly and consistently and receive 80% of your profits biweekly.

After successful completion of both Tiers of evaluation, the signup fee will be refunded upon the first payout that you receive.

Note: If a violation occurs before your first payout you will not receive a refund.

There is no profit target goal.

There are no minimum trading days required.

You will have an allowed max daily loss (drawdown) of 5% of the daily starting balance. When calculating drawdown, we include all floating losses and profits.

Your max daily loss will reset each day at 5:00 PM Eastern Time.

You will have an allowed max overall loss (drawdown) of 10% of the initial account balance you purchased. When calculating drawdown, we include all floating losses and profits.

Note: These are the same exact rules and parameters you had in Tier 1 and Tier 2

If a drawdown violation occurs, you will forfeit the funded account and will have to purchase a new account and pass the evaluation again. You also will not receive a profit split once a violation occurs on the account.

Contact us and we will be sure to happily answer any question you may have.

You can have up to $600k in accounts at any given time. 

Reach out to our support team for help with merging accounts. Accounts are only eligible to be merged after the account has passed the challenge phase, is considered fully funded and both accounts being merged must be above the starting balance.

We currently offer traders to use MT4 (metatrader 4).

No, all accounts are demo. Even when you become a funded trader, we will provide a demo account with virtual funds. This account will be connected to our Master Account that places trades in the live market according to the trades the funded trader takes using a copy software. This is a common practice in the industry that allows us to manage risk much more effectively. We expect funded traders to trade and manage the account as if they were live.

The scaling plan allows traders to grow their account size based on consistent performance, allowing them to increase their potential payouts over time.

You must request to have your account reviewed every 3 months to see if you are eligible.

To scale your account, you must be profitable for at least 2 out of 3 months and have an average of 6% profit or more over the 3-month period.

Scale increases are 25% of the original starting account balance and can be earned all the way up to $2M USD.

For example, if you start with a $100,000 account and are profitable 2 out of 3 months with at least a 6% profit minimum you will qualify for a 25% scale increase on your account. So, the next month you will be given an additional $25,000 added to the initial balance of your account.

Yes, we allow traders to hold their trades over the weekend.

We allow trading on any news events

If a trader ends Tier 1 in profit without violating the max daily loss or total loss while trading the minimum required days, they will be eligible for one retry. If a trader ends Tier 2 in profit without violating the max daily loss or total loss while trading the minimum required days, they will be eligible for one retry but must start back on Tier 1. Traders are not eligible for retries under any other circumstances. If you fail to complete your retry attempt you must purchase a new evaluation account.

No, we do not allow EA’s.

No, we do not allow copy trading, all trades on TopTier accounts must be placed manually by the trader who is named on the account. Violation of this will forfeit any evaluation and funded accounts.

We allow trading of any instrument available on your trading platform. This typically includes forex, commodities, indices and crypto.

All accounts offer 100:1 leverage on forex pairs. The following is the leverage on other instruments.
 
Gold & Commodities 1:40
Indices 1:30
Crypto 1:2

There is no limit to what lot size you can use.

Minimum age to participate in Top Tier Funding is 18.

If a trader fails to hit the profit target in tier 1 before the allotted days given, then they can purchase a “Time Extension” listed in the top right corner of the dashboard. You are eligible if the account has not violated any rules and if it is not eligible for a retry. It adds 15 days to the end of the challenge so you have more time to pass. Selecting to use the time extension will eliminate your eligibility for a refund if you pass the evaluation. The time extension amount will instead be refunded. One per challenge.

You will have an allowed max daily loss (drawdown) of 5% of the daily starting balance. When calculating drawdown, we include all floating losses and profits.

  • Your max daily loss will reset each day at 5:00 PM Eastern Time.


    → For example, if you start with a $100,000 account your max daily loss will be set at 5% ($5,000). If you end the day with a $4,000 profit your account balance will now be at $104,000. At 5:00 PM Eastern Time your max daily loss will reset and will now be 5% of the daily starting balance which is $104,000. So, your max daily loss for that day is $5,200

  • You will have an allowed max overall loss (drawdown) of 10% of the initial account balance you purchased. When calculating drawdown, we include all floating losses and profits. 
    → For example, if you start with a $100,000 account your max overall loss will be set at 10% ($10,000). This means your account should never exceed below $90,000 in equity at any given time.

It takes less then 5 minutes to process new challenges accounts. If you do not recieve your account within 5 minutes please make sure to check spam or promotional folders. If at that point you have not received an account after a confirmed purchase then email [email protected]

If you pass phase 1 after 5 am est on Thursdays then your account will be processed for creation at the market open on Sunday at 5 pm est. This is to avoid server outages that occur on the weekend when creating the account in our system.