Dumb Little Man

Top One Trader Review with Rankings 2024 By Dumb Little Man

Overall Rating

Overall Ranking

Trading Terminals

2.1

2.5/5

51st

Evaluation Criteria
The Dumb Little Man team, made up of financial specialists, seasoned traders, and personal investors, leverages advanced algorithms for in-depth reviews of brokerage firms. They focus on critical aspects like:

  • User Experience
  • Profit Potential
  • Reliability
  • Broker Expertise
  • Cost-effectiveness

By integrating feedback from actual users, they offer an impartial and thorough assessment. Their comprehensive research identifies Top One Trader as a dependable choice for those seeking a robust financial ally. Nonetheless, Dumb Little Man advises prospective customers to meticulously examine their detailed analysis to grasp any potential drawbacks linked to the broker.

Prop trading firms, also known as proprietary trading firms, trade financial assets using their own cash, which frees them from the constraints imposed by operating with client funds. A well-known brand in this industry, Top One Trader draws in experienced traders from more than 100 nations because to its solid foundation, which is based on three essential success pillars.

This Top One Trader review incorporates multiple consumer reviews with Dumb Little Man’s professional observations. In order to assist prospective traders in making wise decisions, it attempts to offer a thorough overview of the firm’s offerings while showcasing the experiences of traders who have worked with the organization.

What is Top One Trader?

With thousands of customers in more than 100 countries, Top One Trader is a reputable prop firm created by traders for traders. Three fundamental pillars sustain the firm, which is committed to helping professional traders pursue their careers: great support, a strong sense of culture and community, and trust and integrity.

Offering clear trading guidelines, smooth payouts, and access to top trading platforms like cTrader and Match Trader, Top One Trader is dedicated to openness and dependability. Ensuring an exceptional trading experience is the core of Top One Trader’s dedication to its traders through unmatched assistance.

To counteract the often-isolated nature of trading, the company values its community and provides a network where traders may connect and assist each other. Driven by a leadership team committed to success and innovation, Top One Trader’s objective is to empower traders to achieve financial freedom via an unwavering commitment to continuous growth.

Pros and Cons of Top One Trader

Pros

Cons

Safety and Security of Top One Trader

EquityShield, an innovative risk management technology used by Top One Trader, helps guard traders from large losses by continuously checking account equity. In order to prioritize capital preservation and risk management, this function automatically terminates trades if losses reach 2% for a single symbol or 2.5% for several symbols.

With the goal of protecting traders’ accounts and enabling a prompt return to trading following a soft breach, EquityShield mostly operates in regular market conditions. It is important to remember that in some unfavorable market circumstances, such as limited liquidity or excessive volatility, EquityShield may not activate.

As such, even while it’s a strong safety feature, there’s no 100% assurance that it will step in every time. To supplement EquityShield’s features and improve overall trading security, traders are urged to continue with their own risk management procedures.

Top One Trader Bonuses and Contests

For traders looking to generate revenue without jeopardizing their personal funds, Top One Trader provides simulated trading challenges. A 1-step “Flash” challenge or a 2-step “Pro” challenge is available for participants to select from. In order to choose profitable traders who can handle real accounts and potentially earn up to 90% of the profits they make, these tasks act as a screening process.

Traders can manage simulated funds ranging from $10,000 to $200,000 after choosing the difficulty that best fits their trading style. Weekend holds, news trading, and the use of expert advisors (EAs) are all permitted under the challenges’ flexibility. A variety of trading tactics are supported by sophisticated trading systems like Match Trader and cTrader, which are available to participants.

Traders must turn in identification verification documents after finishing the trading objectives successfully. They get access to a live trading account after being validated. Top One Trader underlines their dedication to fostering traders’ success without putting the traders at financial risk by paying for all losses suffered on these accounts.

Top One Trader Customer Reviews

Customers commend Top One Trader for its responsive and effective support team that helped resolve payment issues and others who quickly facilitated platform changes to address trading glitches. Reviews reflect a strong appreciation for the personalized assistance provided, often stating it sets Top One Trader apart in the industry.

Top One Trader Commissions and Fees

Trading commissions, which differ slightly based on the trading program selected, are levied by Top One Trader on its platforms. $2.00 per lot is the commission for trading FX and cryptocurrency on Match Trader and cTrader.

Metals and index trades on cTrader are commission-free, whereas FX, metals, indices, and cryptocurrency trades on Trade Locker cost $2.50 per lot on either side. In order to provide competitive pricing and superior trading circumstances, the firm has implemented certain charge structures.

The Pro Challenge and the Flash Challenge are the company’s two primary trading challenges, which are used to evaluate and onboard novice traders. The entry costs for each challenge are the same, and they are open to account sizes ranging from $10,000 to $200,000.

Through a two-step evaluation process, the Pro Challenge targets traders who can successfully manage risk and show profitability by allowing trading with up to 1:50 leverage. However, the Flash Challenge, which targets traders with a similar level of skill, provides up to 1:20 leverage through a more straightforward one-step examination.

Top One Trader Account Types

Top One Trader provides two main account kinds through their trading challenges: the 1-Step “FLASH” Challenge and the 2-Step “PRO” Challenge. These are based on extensive research carried out by a team of professionals at Dumb Little Man.

Without any limitations on the maximum number of trading days or time limits, traders can handle account amounts ranging from $10,000 to $200,000. Over the weekend, traders are allowed to keep positions and make use of Expert Advisors (EAs).

Specifics for each challenge:

1-Step “FLASH” Challenge

2-Step “PRO” Challenge

Opening a Top One Trader Account

The Top One Trader registration process is simple and intended to get traders up and running on the platform fast. To help you set up your initial account balance and start trading profitably, here is a straightforward eight-step guide:

  1. Start by registering with Top One Trader; complete the registration form with your personal details to gain access to the trading dashboard.
  2. Select your account type by choosing from a variety of brokers, trading platforms, and account sizes available to suit your trading preferences.
  3. Apply the discount code FOREXPROPREVIEWS at checkout to benefit from a 30% discount on both the 1-Step “Flash” Challenge and the 2-Step “Pro” Challenge.
  4. Choose your payment method, opting between traditional credit/debit card options and modern cryptocurrency transactions.
  5. Once payment is processed, log back into your trading dashboard to find the login credentials for your newly purchased trading account.
  6. Review the account details to ensure everything is set up as per your selection and preferences.
  7. Familiarize yourself with the trading interface and settings on the platform you have chosen to use.
  8. Begin your trading journey with Top One Trader, utilizing the tools and resources provided to maximize your trading experience.

Top One Trader Customer Support

For all of the questions that traders may have, Top One Trader provides a thorough customer support system. Trading enthusiasts can reach out to help via a variety of avenues, based on the experiences that Dumb Little Man has detailed.

Alternatives include contacting support@toponetrader.com via email, looking through the frequently asked questions (FAQs), or chatting with someone immediately via the live chat option. Top One Trader places a strong emphasis on prompt and effective assistance. Its address is 30 North Gould Street, Suite R, Sheridan, WY 82801).

Traders are guaranteed to receive the assistance they require promptly because of their dedication to offering easily available support. Strong assistance systems like this one highlight how committed the company is to customer happiness and open operations.

Advantages and Disadvantages of Top One Trader Customer Support

AdvantagesDisadvantages
Multiple support channels are available

Direct email communication

Live chat for immediate assistance

Comprehensive FAQ section

Physical address provided for additional contact options

Response times may vary depending on the channel used

Top One Trader Withdrawal Options

A trading expert at Dumb Little Man has examined and validated the methodical and safe withdrawal procedure that Top One Trader provides. Riseworks.io facilitates cryptocurrency and bank transfer withdrawal choices, guaranteeing a secure and regulated transaction process.

The process of requesting a payout begins when a trader’s account dashboard has a Payout Request option enabled. After a payout request is submitted, the trader must manually accept an invitation from Rise Works that is sent by the accounts team. In this phase, you will input your personal information, finish the KYC procedures, and create a Rise ID.

Rise Works’ whole setup is essential since it links directly to the payout procedure, which, because of a thorough risk assessment, can take 48–72 hours following account verification. To protect the interests of the trader and the company, Top One Trader has particular guidelines for withdrawals.

The initial withdrawal can be made up to 30 days after a funded account is received. Thereafter, withdrawals are scheduled to occur 30 days apart, with the option to make payouts every two weeks if prior arrangements have been made.

Withdrawing winnings locks in the maximum drawdown at the initial amount, therefore it’s critical to carefully manage your trades after the withdrawal to prevent exceeding the drawdown limit. This is especially true for holders of 1-Step Flash Accounts.

Top One Trader Challenges and Difficulties

The introduction of Equity Shield by Top One Trader has generated discussion among its consumers. Some customers see this function as a way for the corporation to get their profit target from trader failures while others see it as a safeguard for trader capital, especially when using simulated funds.

Some who oppose the process contend that it makes it even more difficult to win the trading challenges of the company and that traders may be able to obtain more favorable terms elsewhere. Furthermore, there have also been reports of problems with the platform’s tracking tools’ reliability.

After learning that the Max Daily Loss regulation had been broken, one user had their account closed. The user refuted this information using data from the platform’s dashboard. Because of this disparity and the company’s unwillingness to admit it, some traders have lost faith in the company and its procedures and are frustrated with openness and fairness.

How to Pass Top One Trader Evaluation Process

Enrolling in a specialized training program is highly advised in order to effectively navigate and pass Top One Trader‘s evaluation process. These courses are meant to give traders the fundamental knowledge and techniques they need to fulfill the particular requirements that the company specifies.

Training not only makes a trader more capable of handling the problems’ intricacies, but it also increases the trader’s chances of successfully managing actual accounts.

Asia Forex Mentor – Rated Best Comprehensive Course Offering by Investopedia

If you’re serious about making it through the Top One Trader assessment process, trading experts at Dumb Little Man heartily recommend Asia Forex Mentor. Asia Forex Mentor, backed by Dumb Little Man’s trading specialists, has successfully led hundreds of traders through proprietary firm evaluations.

Established by the well-known forex trading expert Ezekiel Chew, who has over twenty years of expertise, this platform makes use of his wealth of knowledge through the Golden Eye Group and his unique One Core Program.

The curriculum is specially made to impart to traders profitable forex trading techniques. At his friends’ request, Ezekiel Chew started his teaching career. Since learning his teachings online, he has assisted several traders in increasing their trading proficiency and success rates.

How Could Asia Forex Mentor Help You Pass Top One Trader Challenge?

Photo: asiaforexmentor.com

Asia Forex Mentor has a special advantage in assisting traders to effectively navigate and pass the demanding assessment procedure of Top One Trader. Numerous awards that attest to its reputation as the best teaching resource for forex traders provide credence to this assertion.

Asia Forex Mentor’s One Core Program has won numerous awards for comprehensiveness and depth. Leading provider of financial knowledge Investopedia named it the most complete course, emphasizing that it offers a wide range of topics that accommodate traders of all skill levels.

The One Core Program was also rated the top forex trading education for novices by Benzinga, a reputable financial news source. This recommendation is especially noteworthy because it emphasizes how the program is useful for traders who want to improve their skills while also stressing its applicability to novice traders.

Further demonstrating the platform’s capacity to generate sizable forex returns for its users, Asia Forex Mentor was named the best forex mentor in 2021 by BestOnlineForexBroker. These accomplishments show how excellent and successful Asia Forex Mentor’s instruction is.

By providing traders with the knowledge and techniques needed to perform well on Top One Trader’s evaluation, such a reputable instructional program can increase their chances of successfully managing live trading accounts and gathering effective trading strategies.

Asia Forex Mentor Members’ Testimonials

The extensive forex trading education provided by the AFM OneCore Program is well-known. It can help novices with no prior experience in the financial markets, starting with the fundamentals and working up to professional techniques. Students’ confidence in real-world trading scenarios is increased by the course’s breadth, clarity, and practical application of techniques through live trading videos.

Because the curriculum offers distinct trade perspectives and ideas, participants find it appealing. Its training materials set it apart from other trading courses with their clarity, interest, and instruction. All things considered, the program’s value and comprehensiveness make it highly recommended for anyone interested in a career in Forex trading.

>> Also Read: Asia Forex Mentor Review By Dumb Little Man

Conclusion: Top One Trader Review

Based on Dumb Little Man’s evaluation, Top One Trader is a firm that supports trading careers’ growth and success by providing them with challenging tasks and risk management tools like EquityShield. Trading results and platform confidence may be impacted by strict requirements and possible platform data inconsistencies, therefore traders should exercise caution.

Completing a reputable course like Asia Forex Mentor increases traders’ chances of passing Top One Trader’s assessment considerably. Trading professionals are given the necessary tools and techniques by thorough training, which sets them up for success in handling real funded accounts and difficult situations.

>> Also Read: SmartProp Trader Review with Rankings 2024 By Dumb Little Man

Top One Trader Review FAQs

Is TopTier Trader legit?

Absolutely, it is regarded as a valid proprietary trading company to use TopTier Trader. It offers talented traders trading capital in return for a portion of the profits, much like many other prop firms, and frequently involves an eligibility evaluation process.

Which broker does Top One Trader use?

To assist its trading operations, Top One Trader works with a variety of brokers. The particular account type or trading platform that the trader has chosen may influence their broker’s decision.

How long does it take to get funded by Top One Trader?

Traders usually go through a verification process following their successful completion of the evaluation task. It typically takes a few days to a week once verification is finished to activate and fund a live trading account.

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