Overview of TopTierTrader Forex Prop Firm
TheTrustedProp
Date: April 27, 2024
In the fast-paced world of trading, having the right platform and support is crucial to success. TopTier Trader, a trading firm established in October 2021, has emerged as a game-changer in the industry. Led by CEO Quillan Roberto Black and Nick Filipoff, TopTier Trader LLC. has been making waves with its innovative approach to trading challenges and empowerment for traders worldwide. In this article, we'll take a closer look at TopTier Trader, its challenges, scaling plans, and the unique opportunities it offers to traders.
Company Details
- Name: TopTier Trader
- Legal Name: TopTier Trader LLC.
- CEO: Quillan Roberto Black, Nick Filipoff
- Founded: October 2021
- Registered: Delaware, United States
Top Tier Challenge: A Gateway to Success
TopTier Trader offers two types of challenges: the Top Tier Challenge and the Top Tier Challenge Plus. Let's start by delving into the details of the Top Tier Challenge:
Regular Account Details
The Regular Account in the Top Tier Challenge comes in two tiers: Tier 1 and Tier 2. Here are the key specifications:
Tier 1 Challenge
- Trading Days: Unlimited
- Minimum Trading Days: 4 days
- Challenge Leverage: 1:100
- Max Loss: (10%)
- Max Daily Loss: (5%)
- Profit Target: (10%)
- Weekend Holding: No
- EA's Enabled: No
Tier 2 Challenge
- Trading Days: Unlimited
- Minimum Trading Days: 4 days
- Challenge Leverage: 1:100
- Max Loss: (10%)
- Max Daily Loss: (5%)
- Profit Target: (5%)
- Weekend Holding: No
- EA's Enabled: No
TopTier Trader offers account sizes ranging from $5,000 to $300,000 for Regular Accounts.
Swing Account Details
The Swing Account, another part of the Top Tier Challenge, also has Tier 1 and Tier 2 options. Here are the specifications:
Tier 1 Challenge
- Trading Days: Unlimited
- Minimum Trading Days: 4 Days
- Challenge Leverage: 1:30
- Max Loss: (10%)
- Max Daily Loss: (5%)
- Profit Target: (10%)
- Weekend Holing: Yes
- EA's Enabled: No
Tier 2 Challenge
- Trading Days: Unlimited
- Minimum Trading Days: 4 Days
- Challenge Leverage: 1:30
- Max Loss: (10%)
- Max Daily Loss: (5%)
- Profit Target: (5%)
- Weekend Holding: Yes
- EA's Enabled: No
Swing Accounts also offer various account sizes ranging from $5,000 to $300,000.
Top Tier Challenge Plus
Now, let's explore the Top Tier Challenge Plus, which offers more flexibility and opportunities:
Challenge Plus Details
This challenge includes Tier 1 and Tier 2 accounts, much like the Top Tier Challenge. Here are the specifications:
Tier 1 Challenge
- Trading Days: Unlimited
- Minimum Trading Days: 4 Days
- Challenge Leverage: 1:100
- Max Loss: (8%)
- Max Daily Loss: (5%)
- Profit Target: (8%)
- Weekend Holding: Yes
- EA's Enabled: Yes
Tier 2 Challenge
- Trading Days: Unlimited
- Minimum Trading Days: 4 Days
- Challenge Leverage: 1:100
- Max Loss: (8%)
- Max Daily Loss: (5%)
- Profit Target: (5%)
- Weekend Holding: Yes
- EA's Enabled: Yes
Account sizes for Top Tier Challenge Plus range from $5,000 to $300,000.
Other Details
TopTier Trader offers a unique opportunity for traders to get up to $600k in simulated funding and scale up to $2 million while retaining up to 90% of the virtual profit. This empowers traders worldwide by removing financial barriers and allowing them to focus on their trading strategies.
The 2-Tier Evaluation Process
TopTier Trader employs a 2-Tier evaluation process to identify skilled traders:
Tier 1
- Prove your skills and discipline by observing the Simulated Trading Objectives.
- Grow your simulated account to the Target Amount.
- Achieve your Target within the simulated Drawdown limit.
- Stick to the Simulated Trading Rules.
Tier 2
- Reach the target and maintain your virtual profit levels throughout your final evaluation period to get verified.
- Maintain profitability & minimize losses.
- Ensure trading consistency & discipline.
- Follow all the Simulated Trading Rules.
The Process of Simulated Funding
After successfully completing the evaluation and final verification, traders become part of TopTier Trader's Proprietary Trading Firm. The signup fee is fully refundable upon receiving the first payout. Traders can continue to trade consistently and receive up to 90% of their virtual earnings with no time limits and virtual profit targets, provided they remain consistent and responsible.
Independence through Trading
TopTier Trader offers traders the freedom to trade and achieve their financial goals. Scaling plans reward consistent traders by increasing their virtual profit share from 80% to 90%. Traders have access to an easy-to-use dashboard, no trading technique restrictions, and the ability to build consistent virtual profits without risking their own capital.
Realistic Simulated Profit Targets
TopTier Trader believes in realistic profit targets, avoiding unrealistic expectations. Traders can build virtual profits without being burdened by unattainable targets.
Professional Support
The firm provides 24/7 support to help traders achieve real results, ensuring they have the assistance they need at all times.
Who Needs to Know?
In a world where day trading can be a solitary pursuit, TopTier Trader stands as a beacon of opportunity and support. It's for those relentless individuals who are willing to defy the odds and pursue their trading dreams. TopTier Trader is a community of like-minded people, audacious hustlers committed to proving doubters wrong.
Why Does TopTier Trader Exist?
TopTier Trader exists for the relentless individuals who want to follow their own path, define their success, and live life on their terms. It's for those who desire freedom, the ability to make their own choices, and the opportunity to scale their profitability quickly. TopTier Trader empowers traders to reach the top of their game.
Our History
TopTier Trader's journey began in 2021 when Jamal Hollingsworth, an experienced trader and entrepreneur, decided to take on a challenge. He teamed up with Anthony T. Williams and Cue Banks to create a trading firm that could provide opportunities and support to traders. TopTier Trader was born out of a desire to help traders maximize their profits in less time and with the right support system.
Account Inactivity
It's important to note that TopTier Challenge Regular and Swing accounts are automatically disabled after 90 days of inactivity from the date of issue by the broker.
Max Overall Simulated Drawdown
The maximum overall simulated drawdown limit for the TopTier Challenge Regular or TopTier Challenge Swing is based on your initial simulated balance and is 10% of that value. This ensures that your sim account's equity remains protected.
Country Restrictions
Traders are prohibited from accessing and placing orders in countries under OFAC sanctions, including Afghanistan, Belarus, Burma, Cuba, Iran, Iraq, Russia, and others. Trading with sanctioned countries will result in immediate breach and forfeiture of profits.
Weekend Trading and Swing Trading
TopTier Trader allows weekend trading and swing positions over the weekend on specific accounts, providing more flexibility for traders.
Copy Trading and EA Trading
Copy trading is allowed from TopTier Challenge Regular accounts to TopTier Challenge Plus accounts. However, using a trading robot on a TTT Challenge Regular account is not permitted and would result in a breach.
Allowed Instruments
TopTier Trader allows trading of various instruments available on the Vital Markets trading platform, including forex, commodities, indices, and crypto.
Scaling Plan
The scaling plan at TopTier Trader offers traders the opportunity to increase their simulated account size and potential payout based on consistent performance. Traders can request an account review every three months to see if they qualify for scaling. To scale your account, you must be profitable for at least two out of three months and have an average of 6% virtual profit or more over the three-month period.
Scaling up increases your sim account value by 25% of the original starting account sim balance, all the way up to $2 million USD.
Conclusion
TopTier Trader is not just a trading platform; it's a community and a gateway to financial freedom for those who are willing to work hard and trade smart. With its unique challenges, scaling plans, and support, it empowers traders to take control of their financial future. If you're ready to step up to the challenge and make your mark in the trading world, TopTier Trader is the platform for you.
Get ready to embark on a trading journey like no other with TopTier Trader. Sign up now and start trading to achieve your financial goals.
FAQs
How can I get started with TopTier Trader?
To get started, sign up for an account on the TopTier Trader platform and choose the challenge that suits your trading style and goals.
What is the minimum account size to participate in the challenges?
TopTier Trader offers account sizes starting from $5,000, allowing traders of various levels to participate.
Can I use trading robots (EAs) in my TopTier Trader account?
EAs are not allowed in TopTier Challenge Regular accounts, but they are enabled in TopTier Challenge Plus accounts.
How often can I request a scaling review for my account?
Traders can request an account review every three months to potentially qualify for scaling and increase their account size.
Is TopTier Trader suitable for beginner traders?
TopTier Trader caters to traders of all levels, offering different account types to suit individual preferences and experience levels.
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