Top One Trader Review: Should You TRADE With This Prop Firm? (Tested)

Summary

This video review of Top One Trader discusses the platform’s performance, focusing on its payout process and trading conditions. The speaker highlights that while payouts are generally fast, traders must wait up to 30 days for their first payout unless they purchase an addon for quicker processing. Despite this, the platform is praised for its reliability and timely payments. The speaker suggests improvements, like reducing the payout waiting period to 14 days, but assures viewers that Top One Trader is trustworthy. The video includes a link for discounts and promotions on challenges.

Takeaways

• 😀 Top One Trader is a prop firm launched in 2021 with over 1,000 reviews and a 4.5-star rating.
• 😀 The platform offers fast payouts, typically processed within 1–2 hours, and guarantees payouts within 24 hours.
• 😀 Top One Trader provides several trading platforms: Trade Locker, Match Trader, and C Trader (C Trader unavailable in the US).
• 😀 Key features include an Equity Shield that helps manage daily loss limits, making it beginner-friendly.
• 😀 The Scaling Plan allows traders to increase their account size up to 5 million USD if they meet the growth targets.
• 😀 Two types of challenges: One-Step (with no time limit and 10% target) and Two-Step (with 8% target for Phase 1 and 5% for Phase 2).
• 😀 The Instant Funding option gives traders immediate access to capital without having to pass a challenge.
• 😀 Spreads are tight on major pairs like USD/JPY and GBP/USD, making the trading conditions competitive.
• 😀 Trading restrictions include prohibiting EAs, high-frequency trading, copy trading, and grid/martingale strategies.
• 😀 Payouts are initially available after 30 days for the One-Step challenge unless an add-on is purchased, in which case payouts can be requested sooner.
• 😀 The firm allows trading during news events, which is an advantage for traders who wish to hold positions during volatile periods.

Q & A

What is the main focus of the review in the video?

The video reviews the Top 1 Trader prop firm, covering aspects like its evaluation process, cost of challenges, payout speed, and overall trading experience.

What are the two key challenges faced by traders when joining Top 1 Trader?

The two key challenges are the higher cost of the challenges compared to other prop firms and the long waiting period for the first payout without purchasing additional add-ons.

How does the payout system at Top 1 Trader work?

Top 1 Trader processes payouts within 24 hours, with an average processing time of just over one hour. However, without add-ons, the first payout takes longer.

What suggestion does the reviewer offer regarding the payout waiting time?

The reviewer suggests that Top 1 Trader could reduce the standard payout wait time from 30 days to 14 days, allowing traders to purchase an addon to receive payouts within 7 days.

Is the higher cost of Top 1 Trader's challenges considered a dealbreaker?

No, the higher cost is not considered a dealbreaker, as the platform's payout speed and consistency in paying traders are emphasized as positives.

What is the potential benefit of purchasing an addon for the payout?

Purchasing an addon allows traders to receive their payout within 7 days, which is much faster than the standard 30-day waiting period.

How does the reviewer feel about Top 1 Trader’s reliability in paying traders?

The reviewer expresses confidence in Top 1 Trader's reliability, stating that the firm has always paid its traders and is consistent in doing so.

Does Top 1 Trader offer any promotions for first-time users?

Yes, Top 1 Trader offers promotions and discounts for new users purchasing a challenge through a specific link in the video description.

What does the reviewer suggest for anyone interested in trying Top 1 Trader?

The reviewer suggests using the link in the video description to purchase a challenge and take advantage of any available discounts or promotions.

What is the reviewer's overall opinion of Top 1 Trader?

The reviewer gives a positive review of Top 1 Trader, praising its payout efficiency and reliability, although they suggest that the cost and payout timing could be improved.