Top One Trader is a reputable prop trading firm that provides traders the opportunity to manage substantial capital with minimal risk. With flexible challenges, competitive profit splits, and scaling options, Top One Trader stands out as a great platform for aspiring traders. Let’s explore the details of what this prop firm has to offer.

Company Information

Company Name: Top One Trader
Company Legal Name: Top One Trader, LLC
Company Registration No.: Not Disclosed
Country of Registration: US
CEO Name: Matt Moris
Support Email: [email protected]

Challenge Details

Top One Trader offers two main challenges for traders: the 1-Step Challenge and the 2-Step Challenge. These challenges allow traders to demonstrate their skills by trading virtual capital, with successful traders being funded with real money.

1-Step Challenge

The 1-Step Challenge is a simplified option, where traders only need to meet specific profit targets without going through multiple phases.

Pricing:

• $12,500 account: $81
• $31,250 account: $152
• $62,500 account: $211
• $125,000 account: $412
• $250,000 account: $776

Rules:

• Profit Target: 10%
• Total Loss (Max Drawdown): 7%
• Daily Loss (Daily Drawdown): 4%
• Profit Share: Up to 90%
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage: Up to 50:1
• Payout Frequency: 30 Days
• Allows Copy Trading: Yes
• Min Trading Days: 3 Profitable Days

2-Step Challenge

For traders seeking more comprehensive evaluations, the 2-Step Challenge includes two phases with separate profit targets and a slightly more complex structure.

Pricing:

• $12,500 account: $81
• $31,250 account: $152
• $62,500 account: $211
• $125,000 account: $347
• $250,000 account: $646

Rules:

• Profit Target (Phase 1): 8%
• Profit Target (Phase 2): 5%
• Total Loss (Max Drawdown): 10%
• Daily Loss (Daily Drawdown): 5%
• Profit Share: Up to 90%
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage: Up to 50:1
• Payout Frequency: 30 Days
• Allows Copy Trading: Yes
• Min Trading Days: 3 Profitable Days

Scaling Plan

Top One Trader’s scaling plan is designed for traders who consistently deliver strong performance. Here’s how it works:

Every three months, when a trader achieves a 12% total gain (with at least 3% gains in each month), they are eligible for scaling. Once verified, Top One Trader will add 25% of the initial account balance as additional capital.

For top performers, scaling can continue until they manage up to $5 million in capital, offering vast potential for growth.

Spreads and News Trading Rules

Spreads:

Top One Trader offers competitive spreads through various platforms:

• Match Trader: To check raw spreads on Match Trader. Go through this link.

Email: [email protected]
Password: ehdcjt7crfpe

• Trade Locker: To check spreads on Trade Locker, Go through this link

Email: [email protected]
Password: F5sa,AVFw7m]
Server: TOPONE

• cTrader: Traders can check the spreads on cTrader web trader platform. Click here to check.

News Trading Rules:

During the challenge phases, traders are allowed to trade during news events without restrictions. However, for funded traders, executing or closing trades within the 5-minute window before or after a high-impact news event is prohibited. If a trader opens or closes trades (including pending orders like stop loss or take profit) within 5 minutes of a high-impact event, they risk having any gains made during that period deducted. Holding trades through news events is allowed as long as the trades were placed at least five minutes beforehand.

Other Important Rules

Daily Drawdown Calculation:

The daily drawdown or daily loss limit is calculated based on your account balance or equity (whichever is higher) at 5 p.m. EST each day and it will keep recalculating each day and grows and shrinks based on the account balance.

Countries Banned from Purchasing:

Top One Trader does not provide services to certain countries, including:

• Afghanistan
• Albania
• Algeria
• Armenia
• Azerbaijan
• Cuba
• Iran
• Iraq
• Kazakhstan
• Kuwait
• Lebanon
• Libya
• Macedonia
• Pakistan
• Russian Federation
• Somalia
• Sudan
• Syria
• Turkey
• Ukraine
• Vietnam

Gambling Rules:

To maintain a professional trading environment, Top One Trader strictly prohibits gambling behaviors like:

• Over-leveraging
• YOLO trading
• Excessive risk-taking, especially around news events

Such activities will lead to account termination or a deduction of any gains made.

Prohibited Trading Strategies:

To ensure platform integrity and protect the community, the following strategies are strictly prohibited at Top One Trader:

• High-Frequency Trading (HFT)
• Tick Scalping
• Latency Arbitrage
• Copy Trading/Group Trading
• Group Trading or Copy Trading between Multiple Accounts
• Hedging
• Hedging Across Multiple Accounts
• News Trading on Funded Accounts
• Grid Trading
• Martingale Strategy
• 3rd Party Trading Services
• Masked EAs (Expert Advisors)

Payout Methods

Top One Trader offers flexible payout methods through Riseworks.io, including:

• Cryptocurrency
• Bank Transfer

Trading Commissions

Commissions vary depending on the platform:

• Match Trader: $2.00 per lot for FX, Metals, Indices, Crypto
• Trade Locker: $2.50 per lot for the same assets
• cTrader: $2.00 per lot for FX & Crypto, no commissions on Metals & Indices

IP Rule

Top One Trader closely monitors IP addresses for security purposes. If multiple accounts are accessed from the same IP or if trades appear identical across accounts with different owners, this could be flagged as a violation.

To avoid issues, traders are advised to use a VPS (Virtual Private Server) with a static IP for consistency and faster execution.