TopFundr Review

TopFundr is a prop trading firm that offers both prop trading and evaluation services. The platform evaluates you based on your trading skills and chooses the best funding program for you to become a funded trader. As a funded trader you will manage the firm’s capital with a full STP/ECN broker and have the potential to grow your accounts through a scaling plan. 

TopFundr Discount (10% discount code: TFAPR)Details:

TopFundr is currently running a 10% Off PLUS 1 Free Month of Premium Trading Education worth $170 when you purchase any challenge over $25k. You’ll receive 1 month of free admission into Evolution Markets FX, where you will learn The Power of Two Strategy. You can use the code TFAPR to access the discount. 

What is TopFundr?

TopFudr is a prop trading firm that provides funding to traders who pass their evaluation challenge. You can purchase an unlimited number of Funded Account Challenges and maintain several active accounts simultaneously. There are 6 account sizes ranging between $10,000 and $200,000. 

Who is TopFundr For?

As long as you are 18 years or older you can trade on TopFundr. The platform caters to all skill levels. 

Who is the CEO of TopFundr?

The CEO of TopFundr is Scott Taylor. He is an established trader and trading coach committed to training other traders and providing them with the skills to become better traders. 

Funding Program Options

TopFundr has three main challenge accounts: Single Phase, Two-Phase, and Swing. The account you choose will be the same as your funded account. The challenge amounts are $5K, $10K, $25K, $50K, $100K, $150K, and $200K. 

Account	2-Phase	Single Phase	Swing
Min Trading days	1	1	1
Duration	Unlimited	Unlimited	Unlimited
Max Daily Drawdown	5%	4%	5%
Max Overall Drawdown	10%	7%	10%
Max Lots	N/A	N/A	20
Leverage	Up to 1:200	Up to 1:50	1:30
Profit Target	Phase 1-10%Phase 2- 8%	14%	Phase 1-10%Phase 2- 8%
Consistency Rule	Yes – 45%	Yes – 45%	Yes – 45%
Price	$139-1099	$79-$1099	$89-$1,199

TopFundr provides a free 7-day trial for any of the account amounts. The target profit during the trial is 5% ($500+),  leverage is 1:100, 1 minimum trading day, and the max loss limit is 10%. 

Once you are a funded trader, you do not have any profit targets but must maintain the max daily drawdown of 5% and max overall drawdown of 10%. 

What makes TopFundr different from other prop firms?

TopFundr stands out from other prop firms for:

• Free 7-day trial
• Transparency in fees
• Maximum trading capital of up to $200,000
• Unlimited evaluation period
• Only 1 minimum trading day
• A shareable certificate of completion when you finish a challenge

Is getting TopFundr capital realistic?

Yes, getting capital from TopFundr is realistic. Once you complete the evaluation challenge, you get a Certificate of Completion and an email on the same day guiding you through the verification steps. Upon successful verification, you become a fully funded trader. 

Your Funded Account balance will be the same account balance that you selected when you purchased the Funded Account Challenge. The profit split is 80/20 with you getting the majority share. This split is subject to your ability to meet the drawdown limits and generate a net profit.

You can have several funded accounts but the total initial capital of all your accounts combined cannot exceed $200,000. 

You can scale up to a whopping $5m in funded capital when you consistently achieve 10% profit on a TopFundr account. 

Payment options ( Deposit and withdrawal) 

You can purchase a Funded Account Challenge using 

• Mastercard or Visa. 
• Cryptocurrency (Bitcoin, Ethereum, Tether, USD Coin). The processing time takes 1-3 hours, depending on blockchain traffic.

Payouts are done using Bitcoin.

Payment Proof

Since the firm TopFundr is new, there are few reviews on the platform. For example, there are only 3 reviews on Trustpilot all of which are positive. 

Which broker does TopFundr use?

TopFundr uses TradeLocker, as its trading platform. TradeLocker is a state-of-the-art trading platform, with innovative features and charts powered by TradingView. You don’t need to download TradeLocker. Once you purchase simply your desired Funded Account Challenge you will receive TradeLocker login credentials via email.

Trading Instruments

TopFundr provides the following assets and instruments: 

• Cryptocurrency
• Energies
• Forex currencies (exotics, majors, and minors)
• Indexes
• Metals

Trading Fees

TopFundr has a one-time fee for its challenges. Each account size in the different account challenges has its own fees. The fees range from $79-$1,199. There are no extra fees.

Education & Support for Traders

TopFundr doesn’t have any educational materials. 

Social Media Statistics

TopFundr is available on social media but is not active. 

• Discord: 1,104 members
• Facebook: 28 followers
• Instagram: 878 followers

Support

TopFundr values its traders and offers 24/7 support. You can contact the team using the live chat, email support@topfundr.com, or submit a ticket with your query.

Verdict

Though new in the market, TopFundr offers you the opportunity to grow your funds with account sizes of up to $200K. The evaluation challenge is easy and you can practice as much as you want before moving to a funded account. If you are unsure about purchasing a challenge you can use the 7-day free trial. The account fees are also reasonable going for as low as $79. This is a good platform for both new beginners and experienced ones.

FAQ

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