Topstepis the industry leading futures prop trading firm. They fund traders around the world and focus on teaching them how to build a successful trading career.
Topstep offers a unique opportunity to earn funding through its futures funding program. To qualify for a funded account, you must pass through an evaluation process known as the Topstep Trading Combine.
The Trading Combine is designed to assess your ability to adhere to rules and manage risk rather than simply measuring your trading skills. By completing the Trading Combine, traders can demonstrate their commitment and potential for success, making them eligible for funding through Topstep.
One of the key benefits of the Topstep account funding program is that it allows you to increase your buying power by leveraging your profits rather than simply increasing your funding. This means that even successful traders can continue to see their buying power grow as they make profitable trades.
The Trading Combine is an experiential learning and evaluation program for futures traders. Traders grow and test their skills in a simulated markets and earn funding upon achieving certain trading objectives. While earning a Funded Account® is the ultimate goal, the discipline and habits promoted by the Trading Combine benefit traders of all experience levels.
With all the resources, it really seems like Topstep encourages traders to succeed and provides them with the tools they need to achieve this. The fees to use Topstep include the monthly subscription, which comes in three tiers depending on your initial simulated fund, and the fee for professional coaching, should you need it. Topstep offers aunique program calledThe Trading Combine, with three different account sizes, which have a monthly recurring cost. Pricing varies according to the size of the simulated account – the least expensive account, with a $50,000 starting balance, costs $165/month, while the most expensive account, with a $150,000 starting balance, costs $375/month.
- $50k Buying Power ($165 monthly)
- $100k Buying Power ($325 monthly)
- $150k Buying Power ($375 monthly)
The program is simply a demo account, i.e., a simulated account, in which you can trade with the account size you choose and pay for. Note that whileTopstepoffers a14-day Free Trial, trades made during this trial are not considered for promotion to a funded account.
Note: Once you become funded trader with Topstep, you’ll have to pay a one-time activation fee of $149 per funded account earned. The activation feehelps cover the costs associated with evaluating and onboarding new funded traders, as well as the ongoing support and services provided by the prop firm while you are funded.
Topstephas a number of built-intrading platformsthat traders are able to use during their simulations and for their funded accounts.
Topstep supports over 13 platforms, includingNinjaTraderandTSTrader. You can use Topstep for as long as it takes to reach the trading goal and prove that you can meet their targets. Keep in mind that you do have to pay a monthly fee, which means the longer it takes, the more money it will cost you.
Their proprietary trading platform,TSTrader, offers commission-free trading during simulations. This charting software has an intuitive interface and has a lot of useful features, including the ability to set hotkeys, plot trendlines and retracements, and buy + sell straight from the charts. The platform also includes a basic stock news ticker page, and the page lets you to track your profits-and-losses during the simulation period.
TS offers traders a replay function so they can analyse a previously executed trade and learn whether its performance was successful or not. The replay functionality is somewhat limited in terms of options, as there is no way to fast-forward to a specific time point or to choose specific asset classes to replay.
To get a funded account,Topsteprequires traders to prove that they can trade safely and successfully. In other words, you must demonstrate that you can trade without losing capital in the process. To evaluate traders on these two requirements, there are several rules that must be achieved in order to achieve a funded account. The rules are as follows:
The 1-Step. 1 Rule of the Trading Combine
Pass the Trading Combine and unlock a Funded Accountin as little as 2 days.
- Trade allowed assets during permitted times.
○ Tradovate/Rithmic automation enabled to close out all open positions and working orders before the market closes. The risk management team will continue to close CTS accounts’ positions manually each day.
- Daily Loss Limit. This is a strict rule and will be calculated intraday on unrealized PnL
- Trailing Max Drawdown / Maximum Loss Limit
○ This calculates at the end of the day so you can break it intraday as long as you finish back above by the end of the day.
- Consistency Target
○ Best Day below 50% of the total profit made which means your greatest winning day cannot be more than 50% of your total profits.
- No Minimum Trading Days
Topsteptrading hours:
Positions are not allowed to be held on trading days between 3:10 p.m. and 5:00 p.m. Central Time on Trading Combine accounts (in Swing Trading Combine is allowed). Some futures markets close before 3:10 p.m. Central Time. If you are trading one of these products, you must exit that market before the daily close of the products. You should also take into account the days considered holidays according to the CME Protocol.
More info about theTopsteprules an trading hours atwww.topstep.com.
Traders earn funding by passing the evaluation phase which consist of a 1-Step challenge. This means reaching theTopstepprofit target, whilst achieving the trading objectives.
Topstep’s trading objectives aren’t random obstacles, they are tried, and true risk management tools developed by their professional traders. Follow them and you will become a more disciplined trader.
The process of getting funded with Topstep is quite simple. You can earn funding in as little as 2 days and pay yourself up to 4 times a month! Once you have completed 1-Step challenge, Topstep will email you your login details.
If youuse our link to sign up,you’ll have access to a 14-day free trial, so you can try out the platform before committing to a monthly plan.
For efficiency, it’s important to keep in mind the following steps that need to be completed:
- Complete the Funded Account Agreement and verify your email address to avoid delays.
- Submit payment for live market data as soon as possible.
- Review the rules for your funded account, including commissions and fees.
It’s important to note that failure to complete these steps may result in your Funded Account being considered abandoned. By staying on top of these requirements, you can get funded as quickly as possible.
With Topstep, Futures traders have all the tools they need to improve their day trading skills and become professional funded traders. This can make the platform seem appealing to beginners who want to get started in the industry. However, it’s never guaranteed that traders will receive a funded account.
Topstep’s patented coaching routine, Prep–Trade–Reflect™, makes it easier to build daily trading habits that help traders achieve consistent performance. This methodology is instilled across all their coaching services. Good habits are crucial when it comes to trading, and it’s much easier to develop those habits and stick to a solid routine with someone by your side. That’s why Topstep offers coaching services, it gives traders access to useful educative tools for their big-picture trading journey and for navigating every single trading day. When used properly, their coaching services will help funded traders develop an effective routine: Prep—Trade—Reflect.
Free Coaching
In terms of education and coaching, Topstep provides free coaching and personalized coaching programs.
This includes daily live trading classes, profit targets, trading psychology lessons, private trader group chats, and watching professionals trade in real-time during their live broadcasts.
Group Coaching:
Group Coaching is a great way to connect with and learn from their experts and peers! Discuss current market trends and news and get answers to your burning questions live from futures trading veteran, John Hoagland, every Monday and Wednesday at 1 PM CST.
(NEW!) One-on-One Coaching:
Check-in with an expert regularly to discuss your trading approach, risk management, and mindset needed to get funded. Their coaches are professional veteran traders who are here to help you succeed!
Topstepis in the process of building this for all active traders. Join theirwaitlistto be alerted when openings are available!
Digital Coaching with Coach T:
Topstep’s trading dashboard features Coach T, their digital performance coach that provides tools and personalized trading stats to help you become a smarter and disciplined trader. Coach T guides traders in achieving Funded Trader status every time they get in front of the trading screens.
- Well known prop firm with over 10 years of experience in the industry and an excellent reputation.
- Funded traders keep their first $10,000 profits and get to keep 90% of profits thereafter
- Free training and coaching program to help you succeed in becoming aTopstepFunded Trader™
- Multiple trading platform to choose from including their own in-house platform called TSTrader
- Get funded in as little as 2 days
- Withdraw your profits up to 4 times per month
- 14-day free trial period
- 20% discount (no code required)on the purchase of your first Trading Combine
- Monthly subscription
- Futures trading only
Topstepis an excellent option for experienced traders looking to leverage their trades and join a community of professional traders. It is also the perfect proprietary firm for beginners who would like to get started trading futures. As the firm provides free coaching, educational courses, and live trading broadcasts for the community to assist and learn from veteran traders. Anyone can qualify for a Topstep Funded Account, and payouts, starting at 90% of the profit you make, are very generous compared to the industry average. For those reasons, we believe Topstep offers the best funded account options for futures trading.
You may find out more and open an account withTopstepby visiting their official website atwww.topstep.com.
