A relatively new player on the global prop trading market, Top One Trader offers funded accounts up to $200,000, with a 90% profit split. The funded capital is subject to increase as part of the firm’s promotional campaigns.
However, the firm seems to be lacking in meaningful security features and a short operational track record also does not raise the confidence level of prospective traders.
Is Top One Trader a legit prop firm or is it a scam? – Find out in our detailed review of the firm’s features and offerings.
Pros and cons of Funds for Traders prop firm
Pros
- Access to ThinkMarkets (regulated broker)
- Scaling up to $5 million
- EquityShield protection
Cons
- Limited educational content
- Low daily loss limits
- Withdrawals every 30 days
- No FPA reviews
Quick rating of Funds for Traders and its features
| FPA Score | Not yet rated |
| Year founded | 2023 |
| Headquarters | Sheridan, Wyoming, United States |
| Minimum audition fee | $125 |
| Fees on withdrawals | N/A |
| Minimum funded amount | $10,000 |
| Maximum funded amount | $200,000 (scalable to $5 million) |
| Allowed daily loss | 4-5% (Flash and Pro) |
| Profit target | 10% (Flash), 8-5% (2-Step Pro) |
| Maximum trailing drawdown | 7% (Flash), 5% daily, 10% total (2-Step Pro) |
| Profit sharing (Payouts) | 80-90% |
| Trading Platforms | ThinkMarkets |
| Available trading markets | Forex, commodities, metals, CFDs, indices, crypto |
Safety of Top One Trader – 1.5
Safety is an important part of any prop trading challenge, as traders are concerned with the security of the funds and fees they pay to the prop firm.
ForexPeaceArmy, or FPA, is the premier review aggregator website for forex brokerage and prop firm reviews and Top One Trader unfortunately is not reviewed on the website.
On the other hand, the firm maintains an admirable score on Trustpilot, with a 4.6 star rating out of 5, based on 400 reviews.
Furthermore, clients at Top One Trader benefit from the EquityShield feature, which protects trader capital in the case of their trades’ daily loss exceeding 2% on open trades from any one symbol, or 2.5% on open trades for all symbols, in which case EquityShield automatically closes their positions.
While Top One Trader may not be licensed, its partner platform ThinkMarkets is a licensed and regulated brokerage platform, with an FPA rating of 3.2 out of 5, based on 184 reviews.
Top One Trader maximum funding and capital allocation – 3
The maximum amount prop trading firms can allocate to their traders can vary greatly. The biggest account offered by Top One Trader grants $200,000, with an option to scale up the trading balance to as much as $5 million in gross funding.
Furthermore, it must be noted that promotions are quite frequent at Top One Trader and new clients signing up at the firm can claim an equity boost of 25% on all accounts, which means that the $200,000 standard funded account is worth $250,000 as part of the promotion.
The scaling opportunities and promotions are advantages of Top One Trader. However, it must also be noted that many competing firms offer $500,000 or $1 million as the maximum funding tier.
Top One Trader assets – 4.5
A vast majority of prop trading firms offer currency pairs and CFDs for trading, with commodities, metals and indices also being popular.
Top One Trader offers each of the aforementioned asset classes, as well as a handful of cryptocurrencies and equities through the ThinkMarkets trading platform.
The selection of instruments is pretty standard for Top One Trader, as numerous other prop firms also partner with ThinkMarkets to provide access to a licensed trading platform to their clients.
However, this also means that Top One Trader does not offer much that would set it apart from competing prop trading firms.
Top One Trader trading rules and limitations – 3.4
The specific trading rules and limitations upheld by prop trading firms largely determine the approaches traders can take when it comes to completing a funding challenge and accessing the funded accounts.
The rules and limits that apply to Top One Trader clients differ considerably between the 1-Step and 2-Step challenges.
1-Step challenge rules and limits
The rules applicable to the Top One Trader 1-Step challenge are the following:
- Up to 90% profit split
- 10% profit target
- 4% daily loss limit
- 7% maximum trailing drawdown
- 10:1 maximum leverage
- Over the weekend trades allowed
- No time limits
- No maximum trading day limit
- Use of EAs allowed
The allowance of over the weekend trades and use of EAs are advantages. However, the daily and overall loss limits are nonetheless quite stringent.
2-Step challenge rules and limits
On the other hand, the rules for the 2-Step challenge are the following:
- Up to 90% profit split
- 8% profit target (Step 1), 5% (Step 2)
- 5% daily loss limit (Step 1), 10% (Step 2)
- 50:1 maximum leverage
- Over the weekend trades allowed
- No time limits
- No maximum trading day limit
- Use of EAs allowed
The 2-Step challenge offers more user-friendly terms to traders, with lower profit targets and higher maximum loss limits.
Top One Trader fees – 4
Account fees are an important part of a prop trading challenge and their affordability can often be the difference when it comes to the success of a prop firm’s offerings.
It is worth noting that Top One Trader frequently offers sales and promotions on their funded accounts in order to incentivize potential clients to choose the firm.
1-Step challenge account fees
The account fees applicable to the 1-Step challenge (including promotions) are the following:
- $125 for the $10,000 account ($75 for $12,500)
- $235 for the $25,000 account ($141 for $31,250)
- $325 for the $50,000 account ($195 for $62,500)
- $535 for the $100,000 account ($321 for $125,000)
- $995 for the $200,000 account ($597 for $250,000)
As we can see, the promotional fee discounts and equity boosts make each of the funded accounts offered by Top One Trader all the more attractive.
However, it must also be noted that promotions are temporary and the base fees are somewhat high.
The fees for the 2-Step challenge are identical to the 1-Step evaluation. The same promotions also apply to the 2-Step challenge.
Top One Trader platforms – 3.5
The main trading platform offered by Top One Trader is ThinkMarkets, which is a licensed and regulated FX broker and trading platform, which also offers MetaTrader 4 to its clients.
While ThinkMarkets may be a competent platform, it also limits the possible offerings of Top One Trader.
In fact, Top One Trader offers very few additional features of its own. However, it must also be noted that EAs and automated trading tools, as well as economic calendars and technical indicators, are all available to each and every Top One Trader client.
Overall, while ThinkMarkets is a decent trading platform, Top One Trader offers very little in terms of exclusive features that cannot be found with other proprietary firms.
Top One Trader profit sharing – 3
Every prop trading firm takes a cut from the total profits generated by their traders. This is one of the two main revenue drivers for proprietary trading firms.
Top One Trader offers profit splits between 80 and 90%. Traders start out with a 80% share, while being able to improve their profit split to up to 90% as they successfully withdraw profits from the firm.
Overall, the profit split offered by the firm is standard across the prop trading industry, with most competing funded trading programs offering 80 or 90% in profit share.
Education and trading tools at Top One Trader – 2.3
Beginner traders can greatly benefit from educational materials provided by prop firms, such as trading strategies, technical indicators, trading terms, etc.
It must be noted that Top One Trader does not offer any educational content of its own. Rather, the firm relies on the content provided by ThinkMarkets, which limits the diversity of content available to users on the platform.
While technical tools are plentiful, educational content, such as webinars and trading courses, are not available, which is a notable downside of Top One Trader.
Top One Trader customer support – 2.4
Clients who need to reach out to Top One Trader can do so using the live chat function on the official website, as well as the contact for and support email.
The firm also provides a FAQ section on its official website, which is available in English and Spanish.
Overall, the customer support suite lacks a hotline, which is an essential feature for those who would like to speak with a real customer service representative of the firm.
FAQ on Top One Trader prop firm
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