I just passed the 100K challenge! So excited to be apart Top Traders Funding.
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Top Trader designates an account manager for every trader so that you can get any of your queries answered in an instance, all day every day.
Daily Loss Limit is calculated based on the previous day’s end of day (5pm EST) balance.
Example: If your prior day’s end of day balance was $1,000,000 you would breach the Daily Loss Limit of 4% should your equity the next day fall to $960,000.
Maximum Trailing drawdown is the maximum your account can drawdown before you would hard breach your account. When you open the account, your Max Trailing Drawdown is set at 8% of your starting balance. This 8% trails your closed trading balance until you reach 8% profits in your account. Once you have achieved 5% in your account the max trailing locks in at your starting balance, and no longer trails your account.
Example: If your starting balance is $100,000, you can drawdown to $92,000 before you would violate the Maximum Trailing Drawdown rule. Then for example let's say you take your account to $102,000 in closed balance. This is your new high-water mark, which would mean your new Maximum Trailing Drawdown would be $94,000. Next, let's say you take your account to $110,000 in closed balance, which would be your new high-water mark. At this point your Maximum Trailing Drawdown would be locked in at your starting balance of $100,000. So, regardless of how high your account goes, you would only breach this rule if your account drew back down to $100,000 (note, you can still violate the Daily Loss Limit). For example, if you take your account to $170,000, as long as you do not drawdown more than 4% in any given day, you would only breach if your account equity reaches $100,000.
In line with sound risk management practices, we require a stop loss on every trade. If you fail to place a stop loss at the time of placing the trade/order, we will close the trade. This is a only soft breach rule, so you can continue trading in your account.
Yes, any trading products capable to be traded over the weekend are available to you.
Below are the maximum open lots across all pairs that a trader can have at any given time.
If you buy 5 lots of EURUSD at 1.20 and your stop loss is at 1.18, you will have 5 lots on with risk, so you would have 5 still available. If the EURUSD moves up to 1.25, and you update your stop loss to be at 1.20, which would be your open price, you no longer have risk on that trade. So, you would again have 10 lots available, even though you currently have 5 lots open.
If you put on too many trades with risk, then our system will liquidate all trades that currently have risk.
Please note, margin and leverage requirements still apply. So, even though these are the maximum lots that can be traded, it is possible based on the leverage of the account that you may not be able to trade up the maximum.
Yes. If you do not place a trade at least once every 4 days on your account, we will consider you inactive and your account will be breached.
We work with a company called Deel to issue trader agreements and process withdrawals of profits. Upon passing your Assessment, you will receive an email from Gabriella from Deel gabriella@deel.support with instructions on how to access and complete your Trader Agreement. Once the agreement is completed and supporting Know Your Customer documents provided, your Funded account will be created, funded and issued to you typically within 24-48 business hours.
Once you pass the Assessment, we provide you with a virtual account, with virtual funds. All Trades are sent to a copier & paid from those transactions. But you will be trading in a simulated account.
The rules for the Funded account are exactly the same as your Assessment account. However, with a Funded account, there is no cap on the profits you can generate.
If you have profits in your Funded account at the time of a hard breach, you will still receive your portion of those profits.For example, if you have a $100,000 account and you grow that account to $110,000. Should you then have a hard breach we would close the account. Of the $10,000 in profits, you would be paid your 75% portion ($7,500).
When you are ready to withdraw your profits, please send an email to our support email with the amount you would like to withdraw. We will then post your profit share into your Deel account, which you can withdraw via any of the available methods they offer.
You can withdrawal your profits at any time, once per calendar month. At the time of any withdrawal request, we will also withdraw our share of the profits made, as well.
Important Note: Once you request a withdrawal, your maximum trailing drawdown will be set at your starting balance. This means that if you take a full withdrawal of your share of the profits made in your account, it will also serve as a breach of your account & you will need to start another 1 phase evaluation, at 50% the cost.
We have risk management software that is synced with the accounts we create. This allows us to analyze your performance in real time for achievements or rule violations. As such, you must use an account that we provide to you.
All countries, excluding OFAC listed countries, can take part in our program.
You must be at least 18 years of age to purchase an assessment.
Upon purchasing an Assessment, you will receive access to a trader dashboard where you can monitor your Assessment and Funded accounts. The dashboard is updated every time we calculate metrics, which occurs roughly every 60 seconds. It is your responsibility to monitor your breach levels.
Our risk management technology is currently integrated with the MT4 and MT5 platforms. These platforms, along with pricing and execution are provided by our broker, EightCap.
You can trade any products offered by EightCap. This includes FX pairs and CFD Indices, Metals, Equity Shares, and Cryptocurrencies.
In line with sound risk management practices, we allow up to 10:1 leverage.
Forex, Metals, and Indices are 10:1. Equity Shares are 5:1. Cryptos are 2:1
Trading hours are set by EightCap. We do not have any control over the trading hours. You can see the trading hours for each product by right-clicking on any product in the Market Watch window of the MT4 or MT5 platform and selecting Specifications from the dropdown menu.
Please note that holidays can have an impact on available trading hours.
Additionally, pursuant to the no holding trades over the weekend rule, we close all open trades at 3:45pm EST on Fridays.
We use the RAW accounts from EightCap. These accounts have commission charges for Forex and Equity Share CFDs. The other products do not carry a commission.
No, we are funding only traders who have the skillset profit with our capital.
Yes, you can trade during the news
Charges come across in the name of Top Trader Technologies.
When trading a Funded account for our firm, you are treated as an independent contractor. As a result, you are responsible for any and all taxes on your profit share.