Overview
Founded by trading legends Cue Banks and Anthony (of Anthony’s World) TopTier Trader is a proprietary firm that offers up to $600,000 in funding to traders who pass their 2-stage evaluation. In 2022, TopTier Traders were allocated over $150 million in company capital and the firm is now present in over 108 countries worldwide.Things we didn't like:
Equity-based drawdown on Top Tier Plus accountsNo EAs allowed on Top Tier accounts
No weekend holding on regular Top Tier accounts
Why would you want an alternative to TOPTIER TRADER?
TopTier prides itself on a trader-facing funding scheme, which it claims, “empowers traders worldwide.” While it is true the firm has a presence in 108 countries around the globe and its company footprint is growing rapidly, this proprietary firm may not be for everyone. While TopTier refers traders to its “Realistic Profit Targets” the Challenge rules are stringent and not everyone will be able to meet the 10% profit target in the time limit of 40 days.
Many traders will find themselves effortlessly navigating their accounts within the TopTier Challenge parameters – but those who prefer a freer, “anything goes” approach may find themselves limited and frustrated by the evaluation criteria. That said, most prop firms will require that traders meet similar targets; part of the reason for these evaluations is to assess if traders can reliably trade in a demo account before they are trusted with company funds.
What other users do not like about Toptier Trader
Toptier Trader TrustPilot Customer Reviews, Feedback and Complaints
On Trustpilot, Toptier Trader has currently 2.5k number of reviews with a TrustScore (the overall measurement of reviewer satisfaction) of 4.80/5.00.
What to look for in a TOPTIER TRADER Alternative?
For the category of traders who find time limitations add negative pressure to their performance, they might want to find an alternative prop firm with longer periods or no deadlines altogether. Moreover, while 90% of profits from a $600,000 account is certainly an exciting prospect, many prop firms are offering larger scaling plans with up to millions in funding and more ambitious traders may want to seek elsewhere.
Best TOPTIER TRADER alternatives – Proprietary Trading Firms like (or better than) TOPTIER TRADER
Rating breakdown
Things we liked:
Exclusive Discount Code (20% Off Exclusive Offer)Minimal rules & unlimited time for completion
Two-part assessment leading to $200,000 in funding
Scaling plan & fast-track funding opt
Things we didn't like:
A Relatively New player in the funded account offeringFunderPro Overview
Founded in Malta in late 2022 by a group of traders and investment managers, FunderPro was born out of the need to provide an opportunity for traders to be judged on their merit without pressure or unnecessary rules. FunderPro traders can trade in their own time, for as long as they want or need, there are no deadlines looming down nor petty restrictions to trip over.
Rating breakdown
Things we liked:
Unlimited evaluation free retries (7% Off Exclusive Offer)No restrictions on trading style
Overnight and weekend holding allowed
A large variety of trading instruments
Things we didn't like:
Consistency rule for express accountsNo free trials available
Minimum 5 trading days
FundedNext Overview
In 2022, Next Ventures launched a new platform: FundedNext was live. The prop firm quickly made a name for itself by its generous capital allowance: a staggering $4 million was on the table for FundedNext traders who get to keep 90% of any profits made.
Rating breakdown
Things we liked:
Let you trade with leverage of up to 1:30Things we didn't like:
5%ers Challenge fee is on the higher end of the spectrumThere are other holes in the 5%er offer
the5ers Overview
The 5%ers is a prop trading firm founded by Gil Ben Hur and Snir Chiel. Both former forex day traders, Gil and Snier, experienced first-hand the frustrations that lack of capital bring to experienced traders ready to play the markets. Hence, the 5%ers Funding Program was born: a platform to reward worthy traders with significant capital, with profits shared in a win-win outcome.