Topfundr, established in 2023, has quickly made a mark in the prop trading industry. The firm is led by a team of seasoned professionals including Tom Quinzi, Scott Taylor, Callum Price, and Gary Mullens. Headquartered in Malta, Topfundr operates without the need for regulatory approval, allowing it to offer flexible trading solutions to its clients.
Company Background
Topfundr, established in 2023, has quickly made a mark in the prop trading industry. The firm is led by a team of seasoned professionals including Tom Quinzi, Scott Taylor, Callum Price, and Gary Mullens. Headquartered in Malta, Topfundr operates without the need for regulatory approval, allowing it to offer flexible trading solutions to its clients.
Trading Platform
Topfundr utilizes the advanced Tradelocker platform, which offers a range of cutting-edge features:
- Integration with TradingView for seamless trading
- Next-generation, cloud-based technology
- Auto risk calculator for efficient risk management
These features make Tradelocker a powerful tool for traders of all experience levels, enhancing their trading capabilities.
Account Types
Topfundr offers a 2-Phase funding account option, designed to ensure traders demonstrate consistent performance before managing live accounts.
Evaluation Process
The firm employs a rigorous two-step evaluation process:
Step 1
- Profit Target: 10%
- Drawdown Limit: 5% daily, 10% overall
Step 2
- Profit Target: 8%
- Drawdown Limit: 5% daily, 10% overall
Importantly, Topfundr does not charge any fees for the evaluation process, making it accessible for traders to prove their skills without financial burden.
Profit Sharing
Topfundr offers an attractive profit share ratio of 80% for its traders. The withdrawal conditions are structured to ensure responsible trading and financial management:
- Requires a minimum of 5 trading days
- Initial withdrawal available after 30 days
- Subsequent withdrawals every 15 days
Funding and Capital
Topfundr‘s financial stability is reinforced by backing from a $1 billion institution and powered by FunderPro, ensuring robust support and funding for its traders. However, specific sources of funds are not disclosed, which is a consideration for transparency.
Conclusion
Topfundr stands out as a dynamic and promising prop firm with a solid foundation, innovative trading platform, and an appealing profit-sharing scheme. The lack of evaluation fees and strong financial backing add to its attractiveness, making it an excellent choice for traders looking to advance their careers. Despite the absence of disclosed funding sources, the firm’s connection to a significant financial institution provides a degree of confidence in its stability and support.
