toponetrader.com FAQ

What is toponetrader.com?

Toponetrader.com is a proprietary trading firm that offers aspiring traders the opportunity to trade with the firm’s capital after they successfully pass an evaluation challenge.

The firm then shares a percentage of the profits generated by the trader.

Is toponetrader.com a legitimate company?

Yes, toponetrader.com appears to be an operational business within the proprietary trading industry.

They have a functional website, outlined services, and stated registration, suggesting they are not an outright scam. tratez.com Features

However, their legitimacy is limited by their offshore regulatory environment and the high-risk, ethically problematic nature of the underlying trading activities.

What are the main types of challenges offered by toponetrader.com?

Toponetrader.com offers three main types of challenges: the One-Step Quickest Challenge, the Two-Step Traditional Challenge, and Instant Funding accounts.

Each has different rules regarding profit targets, daily loss limits, and maximum drawdown.

How does the “Instant Funding” account work on toponetrader.com?

The Instant Funding account on toponetrader.com is marketed as offering immediate access to trading capital without the typical evaluation phases.

It generally has no profit targets or daily drawdown limits, but a maximum trailing drawdown applies. Honeylove.com Review

It also starts with a 60% profit split, increasing up to 90% per payout.

What trading platforms does toponetrader.com support?

Toponetrader.com is integrated with popular trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradeLocker.

Can I trade during news events on toponetrader.com?

Yes, according to their FAQ, trading during news events is allowed.

However, traders are advised to stay informed and strategize wisely due to potential volatility.

Can I hold trades over the weekend with toponetrader.com?

Yes, you are generally allowed to hold positions over the weekend. toponetrader.com Review: A Deeper Dive into the Prop Trading Model

For Instant Funding accounts, holding trades over the weekend may be available with an add-on at checkout.

Is there a refund policy for the challenge fee on toponetrader.com?

Toponetrader.com states that a 100% challenge fee refund is processed upon the first payout from a funded account.

This means you must successfully pass the challenge and generate profits to receive a refund.

What is the profit split offered by toponetrader.com?

Toponetrader.com advertises profit splits of up to 90%. For One-Step challenges, the standard is 75%, increasing to 90%. For Two-Step challenges, it’s 80%, increasing to 90%. Instant Funding starts at 60%, increasing up to 90%.

Where is toponetrader.com regulated or registered?

Top One Trader Ltd. states its registered office in Hamchako, Mutsamudu, The Autonomous Island of Anjouan, Union of Comoros, and holds an “International Brokerage and Clearing House License #: L15829/TOT.” This is an offshore jurisdiction. Who Owns swyftx.com?

Is trading with toponetrader.com ethical from a financial standpoint?

The core activity of leveraged CFD and Forex trading facilitated by toponetrader.com raises significant ethical concerns due to its reliance on interest (Riba) through swap fees and its speculative nature, which can resemble gambling (Gharar and Maysir). These aspects are generally discouraged in ethical finance.

What is the average payout speed on toponetrader.com?

The website claims an average payout processing time of 1 hour and 16 minutes, with a Trustpilot average quoted as 1 hour and 44 minutes.

Does toponetrader.com allow the use of Expert Advisors (EAs)?

Yes, Expert Advisors (EAs) or automated trading systems are allowed on toponetrader.com.

What is EquityShield™ on toponetrader.com?

EquityShield™ is a risk management feature that automatically closes your trades if your daily loss exceeds 2% on any one symbol or 2.5% on all symbols, designed to protect both your capital and the firm’s.

How do I calculate the Max Trailing Drawdown on toponetrader.com?

The Max Trailing Drawdown starts as a safety buffer based on your initial balance and moves up with your highest closing balance until you achieve a certain profit (e.g., 8% profit for some accounts). Once that profit target is hit, the buffer locks back to your initial account balance. highlandhealthcare.com FAQ

What is the “consistency rule” on toponetrader.com?

For the Two-Step Challenge, a 50% consistency rule is mentioned, while for the $200,000 Instant Funding account, it’s 15%. This rule typically ensures that your trading results are consistent and not based on a single large winning trade, but rather distributed over multiple days.

Are toponetrader.com services available in the United States?

While general services might be accessible, the disclaimer states that MetaTrader 5 Trading Platform services are “not available in certain jurisdictions including, but not limited to, the United States.” This implies US traders might be restricted to other platforms like TradeLocker if they use Top One Trader.

What alternatives are there to toponetrader.com for ethical financial growth?

Ethical alternatives focus on productive activities and include: developing in-demand professional skills through online education, investing in Sharia-compliant funds, starting an ethical e-commerce or local service business, or investing in tangible assets like real estate (with ethical financing) or agriculture.

What are the main risks associated with using toponetrader.com?

The main risks include the high likelihood of losing the initial challenge fee due to stringent rules and low success rates, the inherent financial risks of highly leveraged CFD and Forex trading, and the limited consumer protection due to the firm’s offshore regulatory jurisdiction.

How can I contact toponetrader.com customer support?

You can contact toponetrader.com customer support via email at [email protected] or through their Live Chat feature on the website. highlandhealthcare.com Customer Support Review

They advertise 24/7 support with quick response times.