TopTier Trader Violation Updates: What Traders Need to Know

TopTier Trader has shared important updates to its violation deduction process for traders in Phase 1 and Phase 2 of the evaluation process. Starting Monday, November 18th, violations will now be deducted the day after they occur, a change designed to improve transparency and ensure traders have a clearer understanding of how violations impact their accounts.

Under the new system, both Phase 1 and Phase 2 accounts will see any violations deducted within 24 hours of the event. This change is going to provide traders with a more predictable experience, allowing them to better manage their trading strategies and risks. Previously, deductions may not have been as clearly timed, but this update aims to streamline that process.

TopTier Trader Violation Updates: What Traders Need to Know

Moreover, an important aspect of the update is how violations affect traders’ maximum loss limits. If a violation results in the breach of the maximum loss limit, the trader’s account will be considered breached and will no longer be eligible for trading. However, breaches caused by daily loss limits will still operate under the previous guidelines and remain unaffected by these new changes.

Additionally, TopTier Trader has cautioned traders that significant deduction impacts on their daily loss limits may necessitate taking a break from trading. If a violation deduction reduces the daily loss limit to a critical level, traders have to pause their trading and resume the next day after the loss limit resets, ensuring they don’t inadvertently breach their limits.

Also, this update is part of TopTier Trader’s ongoing commitment to enhancing the transparency of its operations. By making the violation deduction process more consistent and easier to understand, the firm aims to improve the overall experience for its traders, helping them stay informed and focused on their trading goals. Traders have to familiarize themselves with the updated procedures and seek support if they have any questions or concerns.

The Bottom Line: A Recap of Significance

• TopTier Trader now deducts violations the day after they occur.
• This update improves clarity and predictability for traders.
• Significant deductions may require traders to pause trading to avoid breaching limits.

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