Topstep is a reputable funded trading program that allows trading on more than 35 different futures contracts, has great educational resources, fantastic profit splits, and a low, currently discounted monthly rate. You can follow this link for Topstep Pro Account.
The program requires users to meet certain milestones, including proving that they can trade with profitability without taking too much risk. This includes scaling in and out of large positions, not holding positions into economic releases, and staying within a weekly loss limit.
Platforms
Topstep is a proprietary trading firm that offers 14 platforms, extensive educational materials, three types of funded accounts and payouts up to 90%. Its focus is on discipline and healthy habits to help traders achieve long-term investing success.
The company also has a large social space with over 10,000 members who use the site to evaluate investments and strategies, share resources and connect with other traders around the world. They also offer free group coaching sessions twice a week and one-on-one training by request.
There are three account types based on the amount of buying power you want, plus a monthly fee. After passing the Trading Combine program, you can open a Pro Account, which pays out in real money. However, you should understand that this account has more rules than a simulated account.
Trading conditions
Topstep is a unique broker that offers traders the chance to trade on simulated accounts while also having access to real market conditions. However, there are a few trading conditions that need to be understood.
Traders need to understand that they cannot open a real account until they complete the two-stage trial period, which includes demonstrating consistent high trading results and proving that their account is profitable. Then, the company will open a real funded account for them.
The first thing that needs to be understood is that trading on Topstep is not a risk-free proposition. It is a good way to learn about the world of online trading, but you can’t make a living from it unless you have a lot of money to invest.
Users must comply with all of the rules and regulations set forth in this Policy. These include limiting the number of trade days to 200 contracts and prohibiting gambling behavior or exploiting the simulated environment. If Topstep determines that you are engaging in such prohibited conduct, it will delete all trade days and profits from your account and/or close your account.
Fees
Topstep explained is a proprietary futures trading firm that offers funded accounts for clients. They also offer educational resources and a free trial, making it a solid choice for both beginners and experienced traders.
In order to qualify for a funded account, traders must pass the Trading Combine program, which is a two-stage process that imposes trading limits. Once both steps are completed, a real funded account is opened.
This is a quality feature that every trading education provider should have. It helps to ensure that clients can make a profit without the worry of losing money.
A key advantage of Topstep over other prop firms is that they set profit targets at 6% of the buying power of the Trading Combine account you select. That means that if you sign up for a $50,000 account, you need to profit $3,000 before you can move on to the next stage.
Customer support
Topstep explained offers a wide range of customer support options, including a live chat, email and phone number. However, these are only available on weekdays 7 AM – 6 PM (CT), so it can be hard to get in touch with them.
In addition, Topstep also offers free group coaching and digital coaching. These resources can help you develop your discipline and shape your trading strategy.
Traders are expected to comply with the Trading Rules and all applicable laws. In addition, they must not engage in Simulated Trading that would result in a loss or an account closure.
If you breach these Terms or the trading rules, you may be prevented from using the Services without compensation or refunds. Additionally, Topstep may cancel your Account and thereby terminate this Agreement. In addition, Topstep reserves the right to change these Terms at any time in its sole discretion.
0
0
