TopFundr Review – Exploring its Reputation and Results

In such a competitive arena of prop firms, platforms that prioritize flexibility stand out as preferred choices among traders. TopFundr is a prop trading firm providing a platform for traders to demonstrate their abilities through challenges and mentorship. 

Today we will evaluate such offerings. Despite less promising user reviews, our rigorous assessment aims to ascertain the true value of the platform, guiding users as we delve deeper into features and capabilities.

User Feedback

While researching TopFundr reviews, we found it garnered praise from users for their exceptional support and dedication. One user expressed gratitude for the firm’s assistance in setting up, noting the consistent help received over multiple days. Another user commended the excellent trading conditions, particularly highlighting the transition to real capital instead of demo accounts. 

However, not all feedback is positive. A user reported dissatisfaction with TopFundr’s handling of rule changes mid-challenge. They claimed that after purchasing a challenge, the firm altered the rules, rendering it impossible for them to trade. Despite promises of refunds for affected users, the reviewer alleged that TopFundr failed to honor this commitment.

In response to the negative feedback, TopFundr explained that the rule changes were implemented to align with their new A-book funding model, aimed at being more trader-friendly. They reiterated that affected users were entitled to full refunds, but emphasized the importance of reaching out to claim them. 

Despite the mix of positive and negative feedback, it’s essential to note that TopFundr’s online presence lacks more reviews. With only four ratings on Trustpilot, the firm should actively encourage more user feedback to enhance transparency. 

This could be the fact since they were relatively established in 2023, however, more reviews would provide a clearer insight into their services. Watch out for unregulated brokerage firms that are involved in shady operations, such as Perlybit Review. 

TopFundr Challenge

The challenge is designed for traders seeking to test their skills and potentially qualify for a TopFundr account. This challenge provides participants with a simulated trading environment, allowing them to trade with virtual funds while adhering to specific rules and risk management protocols.

With TopFundr trading, there are 3 challenge types, Phase 1, Phase 2, or Swing, additionally, 7 challenge amount options vary from USD 5,000 to USD 200,000. Based on what type and amount clients choose, they have different selections.

Account Balance: depends on which amount is decided on for the account

Target Profit – goes from 8%, 10% and 14%

Leverage – 1:300 or 1:500

Max Loss: 7% or 10%

Daily Loss: 4% or 5%

Profit Share: only for topFundr Account

Refundable Fees: the refund is made based on the challenge amount

In terms of TopFundr payout, users can request payouts daily, multiple times per day, as long as they are over USD 100. All payouts are issued by FunderPro. For all challenges purchased, the duration time is unlimited, giving traders the flexibility to trade until they meet the profit target. 

Trading is not permitted on weekends. Refunds depend on the amount, but they proceed with giving users a fair refund policy. To sum up, all challenge features depend on which section is chosen by the client. Visit the TopFundr prop firm site for information on challenge purchases.

Free Trial

Delving into its offerings, we found that besides the challenge subscription, the TopFundr free trial is also available. This trial can give users time to explore the capabilities of TopFundr’s proprietary trading platform, TradeLocker, without any initial financial commitment.

Key Features:

• Balance Target: USD 5,250
• Duration: 7 days
• Minimum Trading Days: at least 1 trading day during the trial period
• Max Loss Limit: USD 4,500 
• Daily Loss Limit: 5% of the current balance 
• Platform: TradeLocker
• Trial Currency: USD
• Target Profit: of 5% ($250+) within the trial period
• Leverage: 1:100 

With no initial cost and a structured environment, participants can explore their trading strategies within the specified timeframe. We always encourage users, that if a company provides a demo account or a free trial subscription, they should take that opportunity to get to know the platform and its features. 

Pricing

To purchase the TopFundr challenge, there is an order preview to determine which account is most suitable for specific users. Challenge Types vary from Single Phase, 2-Phase, and Swing. On another note, keep your money safe and steer clear from unregulated brokers, such as Binetrix Review. 

Based on which type clients decide on, they have to choose an amount for the challenge, which goes from USD 5,000 up to USD 200,000. For example, if you choose a Single Phase type, with a USD 5,000 amount, the cost of the challenge is USD 79. However, if users prefer the Swing type more, the challenge is USD 89. The most expensive challenge is USD 1,200. 

To sum up, the TopFundr price ranges based on what challenge type and amount is selected. Note, that there are always promotional periods, as well as discount code options to fill out if there is a sale going on. Best to visit the official website for up-to-date pricing information. As stated before, a free trial is also available.

Where Is The Platform Present?

Our research team has identified several domains where the firm is predominantly present, including:

• Australia
• India
• United Kingdom
• United States
• South Africa

It’s important to note that FunderPro excludes certain countries from its funding services. These countries include Afghanistan, Botswana, Myanmar, Cuba, Ethiopia, and more, users can check the FAQ section for the rest of the list. This exclusion may be due to regulatory reasons or other factors specific to those regions.

The firm’s address in Malta, specifically at 30/1 Kenilworth Court, Sir Augustus Bartolo Street, Ta ‘Xbiex, Malta, suggests a physical presence in this jurisdiction. Malta is known for its favorable regulatory environment and tax incentives, making it an attractive location for businesses.

While prop firms are not necessarily required to be regulated, being based in Malta may offer certain advantages in terms of regulatory oversight and compliance with EU standards. While regulatory oversight can provide a level of investor protection and transparency, the absence of regulation does not necessarily indicate illegitimate operations. 

Concluding Thoughts on TopFundr

Despite mixed user feedback, our thorough review sheds light on its diverse offerings, from customizable challenges to a free trial subscription. While challenges remain, TopFundr’s commitment to flexibility, support, and transparent pricing positions it as a valuable member in the competitive landscape of prop firms. 

As always, we encourage traders not to slack. If individuals decide to invest with this firm, more evaluation should be done. Read all online reviews, compare pros and cons, and determine for yourself if this is the firm your money is safe with.

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