We allow traders to swing trades over the weekend on our TopTier Challenge Swing and TopTier Challenge Plus accounts. However, we do not allow it on our TopTier Challenge Regular accounts.
We allow our traders to hedge their trades.
We allow traders to swing trades over the weekend on our TopTier Challenge Swing and TopTier Challenge Plus accounts. However, we do not allow it on our TopTier Challenge Regular accounts.
We allow our traders to scalp their trades on our accounts.
We allow the use of copy trading on our TopTier Challenge Plus accounts. However, we do not allow them on our TopTier Challenge Regular or TopTier Challenge Swing accounts.
For more information regarding the use of copy traders based on your evaluation/funded account please visit the below links:
We allow the use of EAs on our TopTier Challenge Plus accounts. However, we do not allow them on our TopTier Challenge Regular or TopTier Challenge Swing accounts.
We allow our traders to hedge their trades.
We allow weekend trading on the TopTier Challenge Swing and TopTier Challenge Plus accounts provided that the instruments are tradeable on the weekend (eg. cryptocurrencies). However, we do not allow weekend trading on the TopTier Challenge Regular accounts. All positions will be liquidated on TopTier Challenge Regular accounts on Friday at 4PM EST.
As much as we try not to restrict our trader’s style at TopTier Trader, there are certain strategies we have deemed as “cheating” as they provide an unfair advantage by manipulating the demo accounts. Any trader that is caught using any of the strategies we deemed prohibited, not limited to those stated on this page, will have their challenge or funded accounts breached as they would have violated our terms of use policy.
Below are some of the prohibited strategies:
Grid Trading
Latency arbitrage
Reverse arbitrage
Tick scalping
Account management
Signal trading
High-frequency trading
Martingale
Hedging between accounts
Guaranteed limit orders
Data feed manipulation
Trading on delayed charts
Macroeconomic trading during high-impact reports and being filled at an unrealistic price due to the volatility.
We allow news trading on our Tier 1 and 2 accounts, however, on the TopTier Funded accounts (Regular and Swing), there would be certain restrictions.
Please note that the news restriction rule does not apply to our Plus Model.
TopTier Funded accounts are not permitted to execute new trades or close existing trades on instruments being targeted by red folder macroeconomic events in the window of ≈ 4 minutes (≈ 2 minutes before and ≈ 2 minutes after the release of a red folder event).
For clarification, executing a trade is defined as opening, closing, or the modification of either a pending or market order.
You are permitted to hold your trades on instruments being targeted by red folder macroeconomic events that were open for more than ≈ 2 minutes prior to the restricted red folder macroeconomic event.
Do note that if your trade were to close, this includes your SL/TP being triggered prior to ≈ 2 minutes before until ≈ 2 minutes after the red folder macroeconomic event, any profits of those affected trades will be revoked and a warning will be issued to the member. Trades that result in a loss will not be compensated and will still receive a violation warning.
After the first warning, if your account violates the restriction once more then the account will be fully breached and terminated without further notice.
Red Folder Macroeconomic Events can be found under the following link: https://www.forexfactory.com/calendar
The following table illustrates some of the Events that restrict trading activities. To see all Major Announcements, please go to the link mentioned above.
INSTRUMENT |
MACROECONOMIC EVENT |
USD NASDAQ US30 US500 US OIL GOLD SILVER |
|
GBP UK100 UK500 |
|
EUR DAX30 FRA40 GER30 |
|
CAD |
|
AUD ASX200 |
|
CHF |
|
NZD |
|
JPY JPN225 |
|
Note: Allowing one warning notification does not mean the rule is intended to be violated. If it is determined, either via gross negligence or periodically violating the rule (many news trades during a short period of time) or otherwise, that the account in question had no intention of complying with our news rules, TopTier Trader reserves the right to breach the account prior to issuing the warning stated above. Do note that if the deduction were to breach any of your drawdown limits the account would remain as such.