Traders With Edge

Top Tier Trader Alternative & Comparison

 

TopTier Trader Challenge Alternative and Comparison. 

 

That’s what we’ll be going through in this video today. 

 

Up the top, you will see we have the prop firm and the challenge type. We’ve got the Traders with Edge Turtle account, the traders with Edge Hare account versus the TopTier Trader evaluation account. You’ll notice that we’re using a $100,000 account for each one so that we can compare both prop firms evenly. 

 

TopTier Trader Challenge Vs Traders With Edge Account Scaling

 

Now you look at the max account size after scaling. After you’ve passed your challenge account, and you’re consistently winning, both prop firms will add more funds to your account. Even if you start with a $100,000 account, you could end up with a much larger account.

 

If you can continuously grow the account both the top tier challenge and Traders With Edge have scaling plans. The maximum for traders with Edge is $3 million. A maximum for TopTier Trader challenge is $2 million. Do they offer rapid scaling? Traders with Edge do offer rapid scaling. TopTier Trader doesn’t. If you’re on the Traders with Edge website, you go to challenges, scaling plans. Then you click over to this page. You’ll see both scaling plans that Traders with Edge offers, and you’ll see the rapid scaling plan.

 

There’s a video that explains how both plans work. There are some examples there, some graphs. And it shows the difference of just how much faster your account continuously grows with a rapid scaling plan than a traditional scaling plan. Also down the bottom, you’ll see that we’ve built a calculator for you to calculate the difference in your account size if you were to choose the rapid scaling over the traditional scaling account. 

 

Top Tier Trader Challenge Vs Traders With Edge Challenge’s

 

Back to the Toptier Trader v Traders With Edge comparison. If we scroll down, you’ll see the number of phases. The Turtle account is a one phase account. As soon as you pass that one phase of the challenge, then you’re straight onto a funded account. Traders with Edge Hare account are two phases and upon successful completion you are given a funded account to manage. And the TopTier Trader is two phases as well.

 

Another point to mention is that Traders WIth Edge also has instant funded accounts.

 

TopTier Trader Challenge Prices

 

The price for the accounts is 750 for the Turtle account. It’s a little bit more expensive because it is a one phase account. The Traders with Edge Hare account is 590 and the TopTier Trader challenge is 625. Is the fee refundable? It’s not refundable with the Turtle account because it is a one phase account. They’re typically more expensive. 

 

The Traders with Edge Hare account and the TopTier Trader account, are both refundable after you’ve passed your challenge, and then you’ve received your first payout. Both the Toptier proprietary trading firm and Traders WIth Edge offer bi weekly payouts. Payment processing is done via a number of methods including Paypal, digital currencies, bank transfer payoneer and payeer.

 

Trading Objectives Of Top Tier Trader Challenge and Traders With Edge 

 

For the evaluation phase one of all the accounts the profit targets are 10%. For phase two, there is no evaluation phase two for the Turtle because by this stage, you’re already on a funded account. The target for the Traders with Edge Hare account and the TopTier Trader evaluation account is both 5% for phase two. The maximum loss on the Turtle account is 5%. The profit targets are 10% for the Hare and 10% for the TopTier Trader.

 

The maximum loss on both the Top Tier Trader and Hare account is 10%.

 

The daily drawdown is 2.5% on the Turtle. The maximum daily loss is 5% on the Hare and 5% on the TopTier Trader. The profit share is 80% across all accounts. The minimum trading days for the Turtle and the Hare accounts at Traders with Edge is 10. And it’s seven with TopTier Trader. Minimum trading days for evaluation phase two is not applicable for the Turtle. It’s 10 days on the Hare and seven days on TopTier Trader.

 

The trading period on phase one, the maximum time that you’ve got to pass the challenge, you’ve got one year on the Turtle account. With both the Hare account and TopTier Trader, you’ve got 30 days to pass. Evaluation phase two, not applicable again for Turtle. 

 

And you’ve got 60 days for TopTier Trader and the Traders with Edge Hare. Can you hold over weekends? You can’t hold over weekends on the Traders with Edge Hare account, but you can with both the Turtle and the TopTier Trader account.

 

Trading Rules of TopTier Trader and Traders With Edge

 

Can you use EAs? You can use EAs on Traders with Edge with approval. The reason for this is every prop firm has the rule that you can’t use exactly the same strategy as someone else is using, otherwise you will lose your account. 

 

If you were to buy an EA from a marketplace and then trade without getting approval first, the chance is you’ll likely lose your account anyway. This is not just with Traders with Edge it’s with any prop firm, because they don’t want the concentration risk with their firm. They don’t want 100 traders all using exactly the same EA because it puts them at massive risk as a company.

 

Traders with Edge do allow EAs. TopTier Trader does not allow EAs. Traders with Edge allow signals. TopTier Trader doesn’t. They both allow news trading. You don’t get a free retry with a Turtle account. 

 

Because you’ve got one full year to pass the account, it doesn’t make sense to offer a free retry. Both the Hare and the TopTier Trader accounts do offer a retry. If the maximum days have finished, but you haven’t reached the profit target and you haven’t violated any rules, then you’re eligible for one free retry to see if you can pass.

 

Can you trade Forex on all of them? Yes you can on both Top Tier Trader and Traders With Edge. 

 

Can you trade digital currencies on all of them? Yes you can on both Toptier Trader and Traders With Edge. 

 

Commodities. Yes you can on both Toptier Trader and Traders With Edge. 

 

Trade indices. Yes you can on both Toptier Trader and Traders With Edge. 

 

Can you trade share and stock CFDs? You can on Traders with Edge, but you can’t on the Toptier proprietary trading firm. 

 

Do they run trading competitions? The most prolific traders can enter the competition and trade a demo account for a certain period of time. Typically around a month. Then at the end of the month, the toptier traders with the best results who haven’t violated any rules will typically win a challenge account.

 

Trading Competitions at TopTier Trader Vs Traders With Edge

 

Both firms do offer this. Giveaways, Traders with Edge do offer giveaways. It doesn’t seem like TopTier Trader does offer giveaways at the moment. An example of giveaway that Traders with Edge has run, the ability to enter is we gave away three $50,000 challenge accounts for people who entered their name and email into a prize draw. 

 

You didn’t have to trade to be in the running. You just simply enter your details and you’re in the running. That’s an example of a giveaway that we do run from time to time.

 

TopTier Trader Challenge and Traders With Edge Affiliate Programs

 

Traders with Edge have education for the traders, whereas TopTier Trader doesn’t. The affiliate program on Traders with Edge pays up to 20% and for the lifetime of the client. If you referred someone today and then they make a purchase in three years time, you will still get paid on that purchase. 

 

It’s like a passive income stream. TopTier Trader offers 5% if you were to refer someone to them. That concludes our TopTier Trader comparison and alternative. If you’ve got any other questions, please visit the website and make contact, join our Telegram channel or comment below the video. 

 

Conclusion

 

If you have found anything that we missed in your review of the toptier proprietary trading firm, send us a message and we will add it to the site.

 

If you have any questions about any of our prop firm challenges or instant funding plans then reach to our support team who is available to assist with any enquiries you may have. 

 

Have a great day.



Toptier Proprietary Trading Firm

 

Top Tier Trader is a new prop firm which started in 2021 and is offering trading services and funding to traders. The proprietary trading firm believes that by providing their quality service to traders, it will help traders achieve their trading goals and their dream lifestyle.

 

Top Tier Trader also offer digital currency trading services which provide options for traders to use their preferred financial instrument. The company faces fierce competition in the market but as a start up, they vow to give their all to give traders the service they deserve. Having that passion and burning desire to help resulted in the birth of Top Tier Trader.

 

Top Tier Challenge

 

As an evaluation company, they determine if traders have what it takes to be part of their community. Much like other prop firms, Top Tier Trader created an evaluation process for traders to test their skills. Upon successful completion, traders are offered funding which they are able to remotely manage funds, and live the lifestyle that they want.

 

The TopTier Trader is partnered with Vital Markets which provides the trading conditions for their accounts. Having the same mission to provide good service to traders, they managed to create a partnership that will benefit all of the parties involved.

 

The company’s main office is located in Dover, Delaware, USA.

Prop Firm/Challenge

Size
  • Max Account Size After Scaling
  • Rapid Scaling
  • Number Of Phases
  • Price: $USD
  • Refundable Fee
  • Target Phase 1
  • Target Phase 2
  • Maximum Drawdown
  • Daily Drawdown
  • Profit Share
  • Minimum Trading Days Phase 1
  • Minimum Trading Days Phase 2
  • Trading Period Phase 1
  • Trading Period Phase 2
  • Hold Over Weekends
  • Use EA’s
  • Allow Signals
  • Allow News Trading
  • Free Retry
  • Trade FX
  • Trade Digital Currencies
  • Trade Commodities
  • Trade Indices
  • Trade Share/Stock CFDs
  • Trading Competitions
  • Giveaways
  • Trader Education
  • Affiliate Program Pays

Traders With
Edge Turtle

$ 100K
  • $3 Million
  • Yes
  • 1
  • $750.00
  • 10%
  • N/A
  • 5%
  • 2.50%
  • 80%
  • 10
  • N/A
  • 365
  • N/A
  • Yes
  • With Approval
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 20% Lifetime

Traders with
edge hare

$ 100K
  • $3 Million
  • Yes
  • 2
  • $590.00
  • Yes
  • 10%
  • 5%
  • 10%
  • 5%
  • 80%
  • 10
  • 10
  • 30
  • 60
  • With Approval
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 20% Lifetime

Top Tier Trader Evaluation

$ 100K
  • $2 Million
  • 2
  • $625.00
  • Yes
  • 10%
  • 5%
  • 10%
  • 5%
  • 80%
  • 7
  • 7
  • 30
  • 60
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • 5%

Choose your account type

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