TopTier Trader is another popular “Prop Trading” firm.
TopTier Trader, a proprietary trading company located in the United States, offers the opportunity to manage an account with a balance of up to $300,000 and enjoy a profit share of up to 90%. To qualify for a funded account, applicants must successfully complete a challenge that consists of two stages. The firm allows trading in various financial instruments, including Forex, Indices, Metals, Commodities, and Cryptocurrencies, utilizing the widely-used MT4 trading platform.
Trade with TopTier capital and keep up to 90% of your virtual profits. As they quote: “No risk, no investment required”.
Simulated Funded Account
TopTier provides Sim Funded account for those who would like to start trading with them. Just follow these 3 steps:
- Choose Trading Challenge
- Pass the Evaluation Phase
- Get Sim Funded Account to start trading.
How to pass Evaluation Phase of TopTier trader:
Understanding the Rules of a SIM Funded Account
1. 5% Max Daily Sim Loss:
- Every trader is permitted a 5% daily drawdown limit on their sim account.
- This is calculated based on the day’s starting balance or equity, depending on the challenge type.
- The calculation is done at 5PM EST.
- Illustration: For Regular and Swing accounts, if your balance and equity at 5PM EST is $100,000.00, you have a daily drawdown limit of $5,000.00. This implies your sim account’s equity should not fall below $95,000.00. However, for a Plus account with a sim balance of $100,000.00 and equity of $105,000.00, the daily drawdown limit is $5,250.00, ensuring your sim equity remains above $99,750.00.
2. 8%/10% Overall Virtual Loss:
- The equity of your sim account shouldn’t drop beyond 8% or 10% of its initial value, which varies based on the challenge type.
- Illustration: For a starting value of $100,000, if the maximum overall loss is set at 8%, the sim account’s equity should not dip below $92,000. Similarly, with a 10% limit, the lowest permissible sim equity remains $92,000.
3. 8%/10% Tier 1 Virtual Profit Target:
- Based on your challenge type, you’ll aim for a virtual profit of either 8% or 10% in Tier 1 over a 40-day span.
- Successful completion advances you to Tier 2.
- Example: On a Regular and Swing challenge with a $100,000 sim account, a 10% ($10,000) virtual profit is the target for Tier 1. In contrast, the Plus challenge requires an 8% ($8,000) profit target.
4. 5% Tier 2 Virtual Profit Targets:
- In Tier 2, the goal is to achieve a 5% virtual profit within a 60 or 70-day timeframe, subject to your challenge type.
- Accomplishing this propels you to the TopTier, the simulated funded stage.
- Illustration: Trading with a $100,000 sim account mandates a virtual profit of 5% ($5,000) in Tier 2 to progress to TopTier.
5. Minimum Sim Trading Days:
- For triumph in the TopTier Trading Challenge, trading is mandatory on at least 4 days within the specified trading durations.
- A simulated position must be inaugurated on each of these days.
- This criterion ensures traders refine their trading routines and consistently enhance their performance.
Adhering to these guidelines and leveraging the opportunity provided can pave the way for experienced traders to achieve consistency and success in the Prop Trading world.
Benefits of TopTier Trader:
TopTier Trader Firm: Key Benefits
- Scaling Opportunities:
Elevate Your Profit Share: Demonstrate consistent trading, and TopTier will enhance your virtual profit share ratio from 80% to 90%.
- Optimized for Efficiency:
Instant Account Access: Get immediate entry to your SIM Funded Account.
Unified Analytics Dashboard: Monitor all your metrics seamlessly in one user-friendly interface.
- Trading Freedom:
No Boundaries: Customize a strategy tailored to your trading preferences. Experience zero limitations on methodologies.
- Safe and Secure Trading Environment:
Risk-Free Opportunity: Join the ranks of the best by accruing virtual profits without jeopardizing personal funds.
- Unbounded Profit Potential:
No Ceiling on Earnings: Achieve virtual gains without being constrained by improbable profit goals.
- Dedicated Professional Support:
Around-The-Clock Assistance: Our team of experienced traders is on standby 24/7, ensuring you attain genuine outcomes.
- Evaluation Fee Reimbursement:
Rewarding Excellence: Conquer the evaluation challenge and earn a refund on your fee.
- Multi-Platform Compatibility:
Universal Access: Whether you’re on iOS, Android, or Desktop, our platform is accessible, ensuring continuous trading activity.
Embrace the advantages of Prop Trading with TopTier and unlock unparalleled trading opportunities tailored for both novice and seasoned traders.
TopTier Trader – Prop Trading Competitions
TopTier Trading Competition Guidelines
Discover everything you need to know about TopTier’s monthly trading competition. From eligibility criteria and drawdown limits to prizes and registration, we’ve got you covered.
Weekend Trading
- Competition: Weekend trading is allowed on TopTier Competition accounts for instruments that are tradeable during weekends, such as cryptocurrencies.
Swing Trading
- Competition: Participants can maintain swing positions over the weekend on TopTier Competition accounts.
Disqualification Protocols
- Competition participants risk disqualification for rule violations.
- Disqualified traders will be designated with a “DQ” status. Unfortunately, they cannot be reinstated and must wait for the subsequent competition.
- Although disqualified participants might continue trading on their competition accounts, such trades won’t be factored into the competition standings.
Account Inactivity Precautions
- Inactivity for 14 days from the issuance date results in automatic competition account deactivation.
- To illustrate: Registration on May 25th necessitates at least one trade by June 8th.
- If accounts get deactivated due to inactivity, re-entry requires waiting for the next competition’s registration.
Max Overall Drawdown Limit
- The simulated drawdown limit stands at 10% of your initial sim balance.
- Example: With a $100,000 initial sim balance, the maximum drawdown is $10,000, setting the sim equity floor at $90,000.
- Calculate as follows:
- Initial Sim Balance X 0.10 = Drawdown Limit
- Initial Sim Balance – (Initial Balance X 0.10) = Drawdown Equity Limit
- Surpassing this limit leads to automatic disqualification.
Daily Drawdown Limit
- The daily simulated drawdown is pegged at 5% of the 5PM EST starting balance.
- Example: With a $100,000 balance at 5PM EST, the daily sim drawdown ceiling is $5,000, translating to a sim equity base of $95,000.
- To calculate:
- Starting Day’s Balance X 0.05 = Drawdown Limit
- Starting Day’s Balance – (Starting Day’s Balance X 0.05) = Drawdown Equity Limit
- Exceeding this limit results in automatic disqualification.
Dashboard and Standings
- Competitors won’t have access to the challenge dashboard but can view rankings here.
Critical Competition Dates
- Registration Start Date: 15th of the month
- Registration End Date: Last day of the month
- Competition Start Date: 1st of the month
- Competition End Date: Last day of the month
Reward Structure
Champions get a free challenge account, with prizes as follows:
- 1st Place: 100k Plus Challenge
- 2nd & 3rd Place: 50k Plus Challenge each
- 4th & 5th Place: 25k Plus Challenge each
- 6th to 8th Place: 10k Plus Challenge each
Expect contact within 5-10 business days post-competition to claim rewards.
Registration Essentials
- Registration spans from the 15th to the last day of each month.
- One account per competition is the rule. Multiple accounts result in disqualification.
Embrace the challenge and showcase your trading prowess in our monthly competition! Best of luck.
Comparison of Prop Trading Firms and Competitions
Below is a detailed comparative analysis between TopTier Trader, FTMO, SURGE TRADER, and THE FUNDED TRADER in the realm of Prop Trading.
Simulated Account Details:
- TopTier Trader: 100k Standard Challenge
- FTMO: 100k Evaluation
- SURGE TRADER: 100k Evaluation
- THE FUNDED TRADER: 100k Evaluation
Pricing (in USD):
- TopTier Trader: $476 (Discounted with Coupon)
- FTMO: $540
- SURGE TRADER: $700
- THE FUNDED TRADER: $499
Maximum Simulated Drawdown:
- All firms have set the drawdown at:
- Daily: 5%
- Total: 10%
Payout Ratio (trader/firm):
- Across all platforms, the ratio stands at: 80/20
Minimum Simulated Trading Days:
- TopTier Trader: 4 days
- FTMO: 4 days
- SURGE TRADER: 3 days
- THE FUNDED TRADER: 5 days
Evaluation Process:
- All firms follow a 2 Phase Evaluation Process.
Simulated Profit Targets:
- Each firm has set the targets at:
- Primary Target: 10%
- Secondary Target: 5%
Hold Trades Over Weekends:
- All firms allow traders to hold positions over weekends.
TopTier Trader Affiliate Program Review
Join the TopTier Affiliate Program: Your Gateway to Rewards
Reasons to Join TopTier Affiliate Program:
- High Commission Rate: Depending on your referral count, earn commissions ranging from 5% to 20% for every successful referral that opts for a TopTier challenge account.
- Simplified Commission Structure: The commission percentage is tiered based on the number of successful referrals you’ve made. The more referrals, the higher your earning potential.
Commission Breakdown:
| Paid Referral Count | Commission on First Purchase | Commission on Subsequent Challenges |
|---|---|---|
| Less Than 25 | 7.5% | 5% |
| More Than 25 | 10% | 5% |
| More Than 50 | 15% | 5% |
| More Than 100 | 20% | 5% |
Processing Your Affiliate Payouts:
- Scheduled Payouts: Affiliate payouts are systematically processed between the 1st and the 5th of each month.
- Payment Method: Affiliates receive their earnings via the USDT (ERC-20) address provided in the affiliate dashboard.
- Transparent Transactions: Access detailed information about past payouts through the Payouts tab in your affiliate dashboard.
Getting Started with the TopTier Affiliate Program:
- Easy Sign-Up: Simply click the registration button on the official website to get started.
- No Prior Experience Required: Whether you’re new to affiliate marketing or have been in the field for a while, the TopTier Trader program welcomes all. Simply register, procure your referral link, and commence your earnings journey.
