Topstep Review 2024

What is Topstep?

Topstep is a proprietary trading firm that offers a variety of products and services for traders and investors. It has emerged as a groundbreaking platform in the trading world, offering retail traders a unique opportunity to practice and enhance their trading skills without risking their own money. One of the key offerings of Topstep is the TopstepFX program, which is designed to identify and certify traders with the skills and discipline to succeed in the markets. This program gives Topstep users and traders access to the foreign exchange market with funded accounts. The Trading Combine is an experiential learning and evaluation program for futures traders offered by Topstep. Traders grow and test their skills in simulated markets, and earn funding upon achieving certain trading objectives. While earning a Funded Account® is one possible goal, the discipline and habits promoted by the Trading Combine benefit traders of all experience levels. Topstep also provides a transition path from Forex to Futures. When professionals want to trade currencies, they turn to Foreign Exchange Futures, because Futures offer many benefits not found in the Forex markets. With standardized contracts and a centralized exchange, all participants in the market get pricing transparency and great liquidity. There are several advantages of FX Futures over Forex. Trade with Other Traders: Forex markets have many “liquidity pools”, where Futures only have one. In Forex, your brokerage sets the “spread” between where you can buy or sell. In Futures, you trade directly with other traders, so there is more information available to make decisions, like volume and open interest, and your stops are not visible to the brokers. Buy the Bid & Sell the Offer: Futures traders Buy at the Bid and Sell at the Offer, instead of in Forex, where you Buy at Offer and Sell at Bid. Better Manage Your Leverage: Why rack up fees and commissions by putting on complex combinations, like Butterflies and Condors, to add leverage to one of your currencies in the pairs? If you want to be more heavily positioned in a currency, just add to that currency. Spread Out Your Risk: Once you have a consistent and profitable strategy, and want to position yourself to find more opportunities, consider managing more, but spreading out risk not only against other currencies, but against other products like: Interest Rate Products, Metals, Energies, Crypto, Grains, Meats. Trade in a Regulated Market: Trading in a regulated market, like Futures, gives you the assurance that you are trading in a safe environment, safe from scandals and scrutiny. In summary, Topstep provides a unique platform for traders to enhance their skills, manage their risks, and potentially earn funding for their trading activities.

What is the Review Rating of Topstep?

What are the Pros of Topstep?

Topstep, an online brokerage service, offers a multitude of advantages for forex traders. Here are some of the key benefits:. 1. Variety of Account Types Topstep provides three account levels: Basic, Premium, and Platinum. Each account type is designed to cater to different trading needs and financial capacities, offering flexibility and customization to its users. 2. Low-Cost Trades One of the major advantages of Topstep is its low-cost trades. This feature can significantly reduce the cost of trading, making it more accessible and affordable for traders. 3. Powerful Trading Tools Topstep offers an array of powerful trading tools. These include real-time streaming quotes, charting tools with over 100 indicators, virtual trading for practice, and trading idea generators. These tools can greatly enhance trading efficiency and effectiveness. 4. Automated Trading Topstep supports automated trading. , which can be a significant advantage for traders who prefer to automate their trading strategies. 5. Educational Resources Topstep offers a solid range of educational resources. This includes live webinars, video courses, trading ebooks, and more. These resources can be extremely beneficial for both novice and experienced traders looking to enhance their trading knowledge and skills. 6. Customer Service Topstep is known for its responsive and helpful customer service. They offer customer service 24 hours a day, 5 days a week via phone, email, and live chat. 7. Access to a Wide Range of Trading Instruments Topstep provides access to a wide range of trading instruments. This includes futures of the CME group: for stocks, commodities, bonds, and metals. 8. Emphasis on Risk Management Topstep places a strong emphasis on risk management. This is reflected in their drawdown rules and the fact that they take into account the results of trading on a simulation account when opening a real account. In conclusion, Topstep offers a comprehensive trading platform that caters to the needs of diverse traders. Its low-cost trades, powerful trading tools, educational resources, and emphasis on risk management make it a compelling choice for forex traders.

What are the Cons of Topstep?

While Topstep is a popular platform for forex trading, it does have some drawbacks that potential users should be aware of. Here are some of the cons:. Limited Support Hours: Topstep’s support service operates only on weekdays during set hours. This could be a disadvantage for traders who require assistance outside of these hours or on weekends. No Bonuses or Passive Income Options: Unlike some other trading platforms, Topstep does not offer bonuses, automated trading, or other passive income options. This could limit the earning potential for some traders. Two-Step Evaluation Tests: Topstep requires traders to pass two-step evaluation tests, which can be time-consuming. Performance Coaching Costs: While Topstep offers a range of educational tools, their performance coaching service comes with a cost of $395. Limited Buying Power: Compared to its competitors, Topstep provides relatively low buying power. Challenge Fee: Traders mostly lose money by paying the fee for the Challenge (testing) and not receiving funding. Please note that while these points highlight some of the potential disadvantages of using Topstep for forex trading, the platform also has many advantages. It’s important for each trader to consider both the pros and cons in relation to their individual trading goals and strategies.

What are the Topstep Current Promos?

Topstep, a renowned platform in the forex trading industry, is currently offering a variety of promotions that can provide significant savings for traders. Here are some of the key promotions:. 90% Off: One of the most attractive deals currently available is a 90% discount. This is a substantial reduction that can make a significant difference for traders looking to maximize their profits. 20% Off: Another promotion offers a 20% discount on orders. This can be a great way for traders to save money while investing in their trading skills. 85% Discount: For traders who are planning to make larger orders, there’s an 85% discount on orders over $15,000. This can lead to substantial savings for those making significant investments. Additional Discounts: There are also additional discounts of 10% and 20% available. These can provide further savings for traders looking to invest in their trading skills. Special Products: Special products are available for $386. This can be a great opportunity for traders looking to diversify their portfolio. 70% Off: There’s a 70% discount on the $50k Buying Power Monthly Subscription Plan. This can be a great way for traders to increase their buying power at a reduced cost. 60% Off: A 60% discount is available on the $150k Buying Power Monthly Subscription Plan. This can provide significant savings for traders looking to increase their buying power. Free Coaching: Topstep is also offering free coaching. This can be a valuable resource for traders looking to improve their skills and strategies. Please note that these promotions are subject to change and it’s always a good idea to check the Topstep website for the most current information. Happy trading!.

What are the Topstep Highlights?

Topstep is a renowned platform in the world of Forex and Futures trading. It offers a multitude of benefits and features that make it a preferred choice for traders. Forex to Futures Transition. Topstep provides a seamless transition from Forex to Futures trading. It offers a variety of FX Futures products for Forex traders, including Australian Dollar (6A), British Pound (6B), Canadian Dollar (6C), Crude Oil (CL), Dow Jones (YM), E-mini Euro FX (E7), Euro FX (6E), Gold (GC), Japanese Yen (6J), Mexican Peso (6M), Micro AUD/USD (M6A), Micro Euro FX (M6E), NASDAQ (NQ), New Zealand Dollar (6N), Russell 2000 (RDA), and Swiss Franc (6S). Advantages of FX Futures. Topstep outlines five key advantages of trading FX Futures. Trading with Other Traders: Unlike Forex markets with many liquidity pools, Futures only have one. This provides more information for decision-making, like volume and open interest. Buy the Bid & Sell the Offer: Futures traders can buy at the bid and sell at the offer, providing an edge over Forex where you buy at offer and sell at bid. Better Leverage Management: Traders can manage their leverage more effectively without resorting to complex combinations. Risk Diversification: Traders can spread out their risk not only against other currencies but also against other products. Regulated Market: Trading in a regulated market like Futures provides assurance of a safe trading environment. Weekly Kickoff. Topstep offers a Weekly Kickoff, providing actionable trading levels and market insights from Topstep coaches every Monday. Profit Sharing. Topstep offers an attractive profit-sharing scheme where traders get to keep 100% of the first $5,000 in profits, and then 80% after that. Funded Trader Program. Topstep offers a unique Funded Trader program where traders can earn and take payouts from up to 3 Express Funded Accounts. The payout policy is simple and fast, requiring just 5 winning days of +$200 to earn your payout. In conclusion, Topstep offers a comprehensive platform for Forex and Futures trading, providing traders with the tools, resources, and support they need to succeed. It’s a platform designed with the trader’s success in mind, offering low capital requirements, no transaction costs, comprehensive educational resources, and effective risk management measures.

Is Topstep Legit and Trustworthy?

Topstep, a platform within the trading community, has established a reputation for being both reputable and trustworthy. It has received a rating of 4.5 stars on Trustpilot, with over 2,152 reviews. The platform is praised for its strong emphasis on education, transparency, and risk management. It is dedicated to helping aspiring traders improve their skills and achieve success in the trading world. Topstep offers a unique proposition to traders: it provides a platform for traders to practice and prove their trading skills without risking their own capital. Once traders meet certain requirements, they are eligible to trade with Topstep’s capital. However, some traders have expressed concerns about the business model, suggesting it could be seen as a kind of trading pyramid scheme. They argue that the claim that traders can keep trying to “pass” their requirements as long as they keep paying seems like a red flag. Despite these concerns, many traders have had positive experiences with Topstep. Users have praised the platform’s customer service. , educational resources. , and community. Some traders have even received payouts from the platform. In conclusion, while there are some criticisms of Topstep’s business model, the majority of user reviews suggest that it is a legitimate and trustworthy platform. As with any financial decision, potential users should conduct their own research and consider their personal trading style and risk tolerance before deciding to use the platform.

Is Topstep Regulated and who are the Regulators?

Topstep, an international proprietary trading company registered in the USA, has been providing financial services since 2012. It offers exclusive trading terms for clients from different countries and provides financing of real trading accounts of its clients if they prove the skill to make trades and manage risks on a simulation account. Traders can trade CME Group futures and currency pairs. However, it is important to note that Topstep is currently not regulated by any valid regulatory body. This information is crucial as working with a regulated broker is important for the safety of your capital. Regulatory authorities supervise brokers and ensure the safety of the company in general. While Topstep does have clear rules and regulations to keep trading safe and organized. , the lack of regulation means that traders should be cautious and aware of the potential risks associated with trading through an unregulated broker. Therefore, it is always recommended to do thorough research and consider all factors before choosing a broker. Please note that this information is based on the data available up to the year 2023 and may have changed. Always check the latest information when making decisions related to financial trading.

Did Topstep win any Awards?

Topstep, a financial technology firm based in Chicago, has indeed been recognized with several awards. These accolades highlight the company’s commitment to excellence and innovation in the financial services sector. Topstep’s Awards:. Award 1: Topstep was recognized as one of the “101 Best and Brightest Companies to Work For” in 2016. This award underscores the company’s dedication to creating a positive and engaging work environment for its employees. Award 2: The company was a finalist in the 2016 Chicago Innovation Awards. This nomination reflects Topstep’s commitment to innovative practices and solutions in the financial services industry. Award 3: Topstep was also named a 2016 Innovator by the Futures Industry Association (FIA). This award highlights the company’s innovative approach to futures trading. Award 4: Topstep’s website won the Web Excellence Award. This award is a testament to the company’s focus on creating a user-friendly and informative online platform for its clients. Award 5: Topstep’s website was also a winner of the 2022 Indigo Award. This further emphasizes the company’s dedication to providing a superior online experience for its users. In addition to these awards, Topstep’s founder and CEO, Michael Patak, was a semi-finalist and finalist for the Ernst & Young Entrepreneur of the Year Award in 2015 and 2016, respectively. This individual recognition for Patak underscores his leadership and entrepreneurial spirit. It’s important to note that as of 2022, Topstep no longer offers Forex trading. The company decided to focus more on its futures program and shut down its Forex trading program on April 12, 2022. Despite this shift, Topstep’s numerous awards and recognitions demonstrate its continued commitment to excellence and innovation in the financial services sector. Please note that while I strive to provide accurate and up-to-date information, it’s always a good idea to check the official Topstep website or contact them directly for the most current information.

How do I get in Contact with Topstep?

Topstep, a leading platform in the forex trading industry, offers several ways for traders and interested individuals to get in touch with them. Physical Address Topstep is located at the Chicago Board of Trade Building, 141 W Jackson Blvd #4240, Chicago, IL 60604. Contact Support Topstep provides support through various channels. You can reach out to their support team through Windy, their AI Chatbot, by clicking the yellow messenger box on the bottom right corner of your screen. This is a quick and convenient way to get answers to most questions. For more detailed inquiries, you can also contact them via live chat or email. The live chat is the fastest method, often providing responses within 5 to 15 minutes. Email responses typically take 24 to 48 hours. Website You can find more information about Topstep and their services on their official website. They offer a comprehensive FAQ section. that covers a wide range of topics including the Trading Combine, Express Funded Accounts, the Payout Policy, and more. Community Topstep also fosters a strong community of traders. They offer free coaching, personalized stats & tips to improve your performance, and a Discord chatroom where you can talk with other traders, their Ambassadors, and Coaches. Remember, Topstep is committed to helping traders develop stronger skills, healthier habits, and have unmatched community support. Whether you’re a seasoned trader or just starting out in the forex market, Topstep is there to guide you on your journey.

Where are the Headquarters from Topstep based?

Topstep, a prominent player in the financial industry, is headquartered in Chicago, Illinois, United States. The exact location is 130 S Jefferson St Ste 200, Chicago, Illinois, 60661. Topstep is renowned for its unique approach to fostering the growth and development of resource traders. It provides an environment where traders can enhance their skills and knowledge in the trading industry. The company’s roots trace back to the days of pit trading, where the designation of “Top Step” was granted to the most successful traders. This allowed them to stand on the top tier of the trading pit, giving them a full view of all the action and better access to orders. Since its inception in 2012, Topstep has evolved from a small proprietary trading firm to a financial organization that has paid out millions in withdrawals. It continues to strive towards its mission of turning people who trade into better traders, promoting healthier habits through experiential learning. In the context of forex trading, Topstep’s role is significant. It provides a platform for forex traders to learn, develop, and succeed without risking their own capital. This approach not only mitigates financial risk but also contributes to the overall health and sustainability of the forex trading industry. Please note that while Topstep is primarily based in Chicago, it’s not uncommon for companies in the financial sector to have multiple offices or branches in various locations to cater to a global clientele. Always refer to the official Topstep website or directly contact them for the most accurate and up-to-date information.

What kind of Customer Support is offered by Topstep?

Topstep, a leading firm in the field of forex trading, offers a comprehensive customer support system to ensure a seamless trading experience for its users. Customer Support Channels. Topstep provides multiple channels for customer support. One of the primary ways to reach out to their support team is through Windy, their AI Chatbot. Users can initiate a chat by clicking the yellow messenger box located at the bottom right corner of their screen. Windy is designed to answer most questions, but if a user needs further assistance, they can click ‘Talk to a Person’ to be connected with the Trader Support Team. In addition to the AI Chatbot, users can also reach out to Topstep by calling them. The support number is (888)407-1611. Support Team Expertise. The Trader Support Team at Topstep is composed of Funded Traders and industry experts. This ensures that users are talking to the best people who understand their needs and can provide effective solutions. The team is highly trained to resolve issues or answer questions, ensuring a quick and efficient response. Additional Support Features. Topstep also offers a range of additional support features to enhance the user experience. These include a Facebook Community for connecting with other traders, free coaching options, personalized stats & tips to improve performance, a Discord Chatroom for discussions, and educational courses. In conclusion, Topstep’s customer support is designed to provide a comprehensive, efficient, and user-friendly experience for its traders. Their multi-channel support system, coupled with the expertise of their support team, ensures that users receive the assistance they need in a timely and effective manner.

Which Educational and Learning Materials are offered by Topstep?

Topstep, a leading platform in the financial trading sector, offers a wide range of educational and learning materials. These resources are designed to help traders, particularly those interested in forex trading, to enhance their skills and knowledge. Coaching and Educational Materials Topstep’s coaching and educational materials. are created by veteran traders and are always free. They are designed to help traders get funded, stay funded, and earn payouts. Topstep Community The Topstep Community. is a platform where traders can interact, share insights, and learn from each other. It’s a great place for both new and experienced traders to connect. Free Coaching Topstep offers free coaching. to its traders. This coaching is provided by experienced traders who share their knowledge and insights. Market Education Topstep provides market education. resources that cover a wide range of topics relevant to forex trading. Topstep TV TopstepTV. is a platform where expert traders share their knowledge and insights. It’s a great resource for learning about trading strategies and more. Futures Trading 101 Futures Trading 101. is a resource that provides basic information about futures trading, which is relevant to forex traders as well. Group Coaching Topstep offers group coaching. , which allows traders to learn in a collaborative environment. Resource Library The Resource Library. is a collection of resources that includes videos, webinars, blogs, and podcasts. These resources build traders’ knowledge and confidence. Topstep Discord Topstep Discord. is a platform where traders can interact in real-time, share insights, and learn from each other. Trading Foundations with Hoag Trading Foundations with Hoag. is a resource that provides foundational knowledge about trading. Coach T Suggested Reading Coach T Suggested Reading. is a list of recommended reading materials for traders. Topstep Youtube Topstep Youtube. is a platform where Topstep shares videos about trading. Futures Technical Analysis 101 Futures Technical Analysis 101. is a resource that provides information about technical analysis in futures trading. Coach’s Playbook The Coach’s Playbook. is a resource that provides strategies and insights from experienced traders. Limit Up Podcast The Limit Up Podcast. is a podcast where traders can learn about trading from experienced traders. Topstep Weekly Kickoff The Topstep Weekly Kickoff. is a weekly event where traders can learn about the upcoming week’s trading opportunities. Topstep Glossary The Topstep Glossary. is a resource that provides definitions of trading terms. Trading Checklist The Trading Checklist. is a resource that provides a checklist for traders. Market Profile with Hoag Market Profile with Hoag. is a resource that provides information about market profiling. In conclusion, Topstep offers a comprehensive suite of educational and learning materials that are designed to help forex traders enhance their skills and knowledge. These resources are always free and are created by veteran traders.

Can anyone join Topstep?

Topstep, a platform that funds traders from around the world. , offers an opportunity for individuals to participate in futures trading. However, it’s important to note that Topstep does not offer Forex trading. Instead, they highly recommend Foreign Exchange Futures (FX Futures) to anyone with Forex experience. Eligibility Criteria. The eligibility criteria for joining Topstep are as follows:. Age: Traders must be 18 years and older. Nationality: Topstep funds traders from all around the world. So, nationality is not a barrier to participation. Legal Status: Individuals who are convicted felons, have been disciplined by the National Futures Association, have been disciplined by the U.S. Commodity Futures Trading Commission, or have an outstanding balance with a trading firm, are not eligible to use the Sites or Services. Trading Combine. Topstep offers a program called the Trading Combine. This program helps traders build better skills, discipline, and habits, as they are evaluated for funding. Traders can choose from three different Trading Combine account sizes. $50k Buying Power: $49/month. $100k Buying Power: $99/month. $150k Buying Power: $149/month. Upon passing the Trading Combine, traders pay a one-time $149 Activation Fee. Benefits. Topstep offers several benefits to its traders. Multiple Accounts: Earn and take payouts from up to 3 Express Funded Accounts. Simple Payout Policy: Just have 5 winning days of +$200 to earn your payout. Fast Payout Processing: Expect your earnings quickly. Trader Certificate: Celebrate by sharing this accomplishment on your LinkedIn profile. In conclusion, while anyone meeting the eligibility criteria can join Topstep, it’s important to note that the platform is focused on Futures trading, not Forex trading. Therefore, individuals with Forex experience are encouraged to explore Foreign Exchange Futures.

Who should sign up with Topstep?

Topstep is a platform that caters to a wide range of individuals in the forex trading world. Here are some categories of people who might find Topstep beneficial:. Aspiring Forex Traders: Topstep offers a unique opportunity for individuals who are looking to break into the world of forex trading. By participating in the Topstep Challenge, aspiring traders can prove their skills through a series of trading simulations. This allows them to potentially earn funding to trade with the firm’s capital. Experienced Traders Seeking Capital: Even seasoned traders can benefit from Topstep. The platform provides an opportunity for traders to demonstrate their skills and potentially earn funding to trade with the firm’s capital. This can be particularly beneficial for traders who have the skills and experience but lack the necessary capital. Traders Looking to Improve Their Skills: Topstep is not just about funding. It’s also a platform for growth and learning. The company provides a wide range of free training materials, including free group coaching. This makes it an excellent resource for traders looking to hone their skills. Risk-Averse Individuals: For those who are wary of risking their own funds in the volatile forex market, Topstep presents a safer alternative. Traders can trade on a simulation account, and if they prove their skill to make trades and manage risks, Topstep provides financing of real trading accounts. Traders Seeking Community and Support: Topstep also offers a sense of community and support. Traders say that the support is great and it provides a platform for traders to become truly professional and take their trading to the next level. In conclusion, Topstep is a versatile platform that can be beneficial for a wide range of individuals, from aspiring traders to experienced professionals. Whether you’re looking to break into forex trading, seeking capital, wanting to improve your skills, or searching for a supportive trading community, Topstep could be the right choice for you.

Who should NOT sign up with Topstep?

Topstep is a well-known proprietary trading firm that offers funded trading accounts to traders who pass their evaluation process. However, it may not be the right choice for everyone. Here are some categories of traders who might want to consider other options:. Non-Futures Traders: Topstep primarily focuses on futures trading. If you specialize in other types of trading such as stocks, cryptocurrencies, or other assets, you might find better support and resources with a proprietary firm that offers a wider range of tradable assets. Traders Uncomfortable with Fee Structures: Topstep has a fee structure that includes exchange data fees. These fees can add up, especially for traders who are active on multiple exchanges. If you’re not comfortable with these additional costs, you might want to look for a firm with a more inclusive fee structure. Traders Who Prefer More Freedom: Topstep has specific rules and requirements for their traders. For example, for active accounts, you must have five “winning days” (in which you profited more than $100) before you can request a withdrawal of your profits. If you prefer a trading environment with fewer restrictions, you might find Topstep’s rules too limiting. Traders Looking for Immediate Payouts: Topstep’s payout structure might not appeal to traders who want immediate access to their profits. If quick payouts are a priority for you, you might want to consider other firms with faster payout schedules. In conclusion, while Topstep offers many benefits such as excellent profit splits, a quick evaluation process, and a wealth of educational resources. , it might not be the best fit for everyone. As always, it’s important to thoroughly research and consider your options before choosing a proprietary trading firm.

Does Topstep offer Discounts, Coupons, or Promo Codes?

Yes, Topstep does offer discounts, coupons, and promo codes. Here are some details:. Email Newsletter Discount: Topstep offers an instant 20% off storewide discount code when you join their email newsletter. First Month Subscription Discount: You can get a 20% off on your first month subscription with email signup at Topstep. Competitor Codes: Topstep offers up to $200 off on personal investing & trading with instant competitor codes. First Month in the Topstep Trading Combine®: There’s a promo code that offers 30% off your first month in the Topstep Trading Combine®. Deals on Amazon: Topstep has deals and price drops on Amazon.com. Discounts on eBay and Walmart: You can get up to 30% off on Topstep items at eBay and up to 20% off Topstep at Walmart. Other Promo Codes: There are several other promo codes offering discounts ranging from 10% to 90%. Please note that these offers might be subject to terms and conditions, and may change over time. It’s always a good idea to check the latest offers on their official website or authorized coupon sites. In the context of forex trading, these discounts can significantly reduce your initial costs, making it more affordable to start trading. Remember, while discounts can lower your costs, trading always comes with risks. It’s important to understand these risks and trade responsibly. Happy trading.

Which Account Types are offered by Topstep?

Topstep offers three different Trading Combine® account sizes. Here are the details:. $50k Buying Power: This account has a monthly price of $165. or $49. , a profit target of $3,000, a maximum position size of 5 contracts, and a maximum loss limit of $2,000. $100k Buying Power: This account has a monthly price of $325. or $99. , a profit target of $6,000, a maximum position size of 10 contracts, and a maximum loss limit of $3,000. $150k Buying Power: This account has a monthly price of $375. or $149. , a profit target of $9,000, a maximum position size of 15 contracts, and a maximum loss limit of $4,500. Traders pay a one-time $149 Activation Fee, per Express Funded Account, upon passing. This fee is the same for all account sizes. Topstep offers the ability to have more than one Express Funded Account open simultaneously, with up to three Express Funded Accounts and, when offered, one Live Funded Account active. Please note that the information provided is based on the latest available data and may vary. For the most accurate and up-to-date information, please visit the official Topstep website.

How to Open a Topstep LIVE Account?

Opening a Topstep LIVE account involves a series of steps that are designed to ensure traders are ready to trade capital with conviction within a funded profile. Here’s a detailed guide:. Step 1: Understand the Topstep Program Topstep offers a program called the Trading Combine® which is designed to help traders build better skills, discipline, and habits. The goal is to pass the Trading Combine and unlock a Funded Account® in as little as 2 days. Step 2: Choose Your Account Size Topstep offers three different Trading Combine® account sizes so you can choose the option that best fits your goals. The options are:. $50k Buying Power with a $165/mo USD fee, a $3,000 profit target, 5 contracts maximum position size, and a $2,000 maximum loss limit. $100k Buying Power with a $325/mo USD fee, a $6,000 profit target, 10 contracts maximum position size, and a $3,000 maximum loss limit. $150k Buying Power with a $375/mo USD fee, a $9,000 profit target, 15 contracts maximum position size, and a $4,500 maximum loss limit. Step 3: Pass the Evaluation Process Prospective traders must complete a two-step evaluation process. The process stipulates users must demonstrate profit potential and risk management capabilities. Once the skill and qualification requirements have been met, users are offered a funded account. Step 4: Transition to a Live Funded Account When Topstep determines that a trader has shown consistent success in the Express Funded Account, then that trader will receive an email to transfer to a Live Funded Account. At that time, the Express Funded Account will be closed in order to transfer funds and open the Live Funded Account. Remember, the goal of Topstep is to turn people who trade into better traders, with healthier habits, through learning by doing. So, take your time, learn, and grow as a trader. Good luck!.

How to Open a Topstep DEMO account?

Opening a Topstep DEMO account involves a few steps. Here’s a detailed guide:. Step 1: Visit the Topstep Website Visit the official Topstep website. Topstep offers a program called the Trading Combine® that helps traders build better skills, discipline, and habits, as they are evaluated for funding. Step 2: Choose Your Account Size Topstep offers three different Trading Combine® account sizes so you can choose the option that best fits your goals. The options include:. $50k Buying Power for $165/mo. $100k Buying Power for $325/mo. $150k Buying Power for $375/mo. Step 3: Pass the Trading Combine Pass the Trading Combine and unlock a Funded Account® in as little as 2 days. Topstep Funded Traders™ can pay themselves up to 4 times a month. Step 4: Access the Practice Account The Practice Account allows you to have access to a second trading account. This account gives you the opportunity to test strategies, products, etc., without affecting your evaluated Trading Combine account. You can view your Practice Account & Trading Combine trade reports by toggling between them on your dashboard. Step 5: Start Trading Both the Trading Combine account and Practice Account are available on the trading platform. You can choose the account you are actively trading on within your trading platform. Remember, the Practice Account is provided to help you develop as a trader, so take advantage of it. ! If you want to close or remove any of your Practice Accounts, please get in touch with the Trader Support Team. Please note that the information provided here is based on the latest available data and may be subject to change. Always refer to the official Topstep website for the most accurate and up-to-date information.

How Are You Protected as a Client at Topstep?

As a client at Topstep, you are protected in several ways:. 1. Proprietary Trading Firm: Topstep is one of the best proprietary trading firms in the financial market. The company cooperates with clients regardless of trading experience and takes into account the results of trading on a simulation account. 2. Real Trading Accounts: Real trading accounts are financed by Topstep, so there is no need for you to invest your own funds in trading. This reduces your financial risk. 3. Trading Platforms: On a Forex simulation account, trading is carried out through the MetaTrader 4 platform, and on a Funded Account, it is carried out through MetaTrader 5. Topstep offers over 14 platforms for futures trading. 4. Training Materials: The company provides a wide range of free training materials, including free group coaching. This helps you improve your trading skills and knowledge. 5. Risk Management: Topstep has a Scaling Plan and a policy where the broker closes all open positions automatically every Friday. This helps manage risk and protect your account. 6. Customer Service: Topstep has received positive reviews for its customer service. They have a team ready to help solve any issues promptly and ensure you are satisfied with how the situation is handled. 7. Community: Topstep has a great community for traders of all levels. They offer interactive platforms like Topstep TV and Discord, which provide a wealth of knowledge and keep traders grounded. 8. Anti-Money Laundering (AML): While not specific to Topstep, it’s important to note that Forex trading companies often have AML screening measures in place. This includes checking customer names against specific AML databases, which may include the names of Politically Exposed Persons (PEPs), Relatives and Close Associates (RCA), and other individuals deemed high-risk in the context of money laundering. Please note that while Topstep provides these protections, trading always involves risk, and it’s important to trade responsibly. As always, it’s recommended to thoroughly research and understand the terms and conditions of any trading platform or firm before getting started.

Which Funding methods or Deposit Options are available at Topstep?

Topstep, a leading prop-trading firm, offers a variety of funding methods and deposit options for traders. Funding Methods Topstep provides financial trading accounts to traders, allowing them to showcase their skills and manage performances. The firm has been offering this service since the beginning of 2012. Deposit Options When planning to become a funded trader with Topstep, traders must deposit a recurring amount to get the evaluation trading account. The deposit can be made via various methodologies, including:. PayPal. Discover. American Express. MasterCard. These methods allow for an instant deposit into your Topstep account. Payouts Once a trader becomes a funded trader, they can request a payout by filling out a form on the Topstep app. Payouts are approved within 1-2 business days. Payment methods for payouts include local bank transfers, SWIFT, deposits to your crypto wallet, and more. Trading Account Sizes Topstep offers three different Trading Combine® account sizes, allowing traders to choose the option that best fits their goals. The account sizes include:. $50k Buying Power. $100k Buying Power. $150k Buying Power. Each account size has its own monthly price, profit target, maximum position size, and maximum loss limit. In conclusion, Topstep provides a range of funding methods and deposit options, making it a flexible and accessible platform for traders. Its payout system is efficient, and it offers a variety of account sizes to suit different trading goals.

What is the Minimum Deposit Amount at Topstep?

Topstep, a leading prop-trading firm, offers a unique opportunity for traders to prove their skills and manage performances. The firm has been providing financial trading accounts to traders since 2012. The minimum deposit required to open a Topstep account is $250. This deposit is crucial as it helps ensure that traders do not hit the drawdown limit. It’s also advisable for traders to keep a check on the leverage issued by the firm. Topstep offers three different account plans that traders can choose from. The deposit fee for these accounts are $165, $325, and $375. When planning to become a funded trader with Topstep, traders must deposit the recurring amount to get the evaluation trading account. Topstep allows deposits through various methods including PayPal, Discover, American Express, MasterCard, and Visa. It’s important to note that Topstep has certain rules for traders who have taken a funded account. There are daily loss limits and Trailing Max Drawdown limits that must be adhered to. The trailing maximum drawdown is calculated depending on the account balance high. For instance, if a trader makes $500 on the first day of trading in a $50K account, the trailing maximum drawdown limit will be $48,500. This limit must be maintained until the trader passes Step 2. In comparison to its competitors, the details of Topstep’s minimum deposit are as follows. FTMO: Minimum Deposit EUR 155. SurgeTrader: Minimum Deposit $250. Topstep: Minimum Deposit $1. This information is crucial for traders looking to start their journey with Topstep. It provides a clear understanding of the financial commitment required and the rules that need to be followed to ensure a successful trading experience.

Which Withdrawal methods are available at Topstep?

Topstep, a popular platform for forex traders, offers a unique withdrawal policy that allows traders to withdraw their profits under certain conditions. Here’s a detailed overview:. Payouts at Topstep Payouts at Topstep are based on the withdrawal policy, which states that traders are eligible to withdraw up to half of their account balance (50%) for the Funded and Premium Funded accounts after generating five winning trading days for each withdrawal request. Profit Split at Topstep The trader will access the profits for the first $5,000 made in profits. However, subsequent profits are then shared in the ratio of 90:10, in which the trader gets 90% of the profits requested for withdrawal, while the remaining 10% belongs to the firm. This profit split is one of the reasons that makes Topstep one of the best funded trading programs in the market. Withdrawal Requests at Topstep Traders can make the first withdrawal after five winning days. This is the same for the second withdrawal, the third, and so on. Traders can request a withdrawal by contacting the Topstep support team via a form on the firm’s website. Once the withdrawal request is approved, the funds will be deducted from the live account of a trader, after which the process of disbursing the funds will begin through the trader’s requested payment method. The disbursement can take anywhere from 7 to 14 business days. Withdrawal Methods at Topstep The firm processes withdrawals via the following methods: ACH Wire. This is a form of bank wire transfer for traders that own a US-based account, even if they are not residing in the US. ACH transfers do not feature fees; the bank account must be registered in a trader’s name. Please note that the information provided is based on the latest available data and may be subject to change.

Which Fees are charged by Topstep?

Topstep, a popular platform for forex traders, charges several types of fees. Here’s a detailed breakdown:. Activation Fee: Topstep charges a one-time Activation Fee of $149 for each Express Funded Account™. This fee covers the costs associated with onboarding and monitoring funded traders, as well as the ongoing support and services provided exclusively to Topstep Funded Traders™. Monthly Membership Cost: The monthly membership cost varies based on the account size. For a $50K Combine, it’s $49 per month, for a $100k Combine, it’s $99 per month, and for a $150k Combine, it’s $149 per month. Reset Price: The reset price is the same as the monthly membership cost. For a $50K Combine, it’s $49 per reset, for a $100k Combine, it’s $99 per reset, and for a $150k Combine, it’s $149 per reset. CME Data Subscription Fee: If you use Topstep, you have to pay a monthly CME Data Subscription Fee of $122 per market ($125 if you use TSTrader). Commissions & Fees: These go to the brokerages and range from $0.72 to $2.04. Exchange Fees: Set by the exchange and differ by instrument ranging from $2.46 to $4.30 for permitted products. Payout Policy: The trader receives 90% of payouts and Topstep retains 10% of the requested payout. Please note that all fees are subject to change and it’s always a good idea to check the latest information on the Topstep website.

What can I trade with Topstep?

Topstep is a platform that focuses on Futures trading. It offers a variety of products for trading, particularly in the context of Foreign Exchange Futures (FX Futures). Here are some key points:. FX Futures Products: Topstep offers a range of FX Futures products for Forex traders. These include Australian Dollar (6A), British Pound (6B), Canadian Dollar (6C), Euro FX (6E), Japanese Yen (6J), Swiss Franc (6S), E-mini Euro FX (E7), Micro Euro FX (M6E), Micro AUD/USD (M6A), Mexican Peso (6M), and New Zealand Dollar (6N). Benefits of FX Futures: FX Futures offer several advantages over traditional Forex markets. These include trading directly with other traders, buying at the bid and selling at the offer, better leverage management, risk spreading, and trading in a regulated market. Trading Hours: Topstep requires traders to close their positions daily before 3:10:00 PM Central Time (CT) Monday through Friday. Trading resumes at 5:00 pm CT. After the weekend, trading resumes on Sunday at 5:00:00 PM CT. Other Products: In addition to FX Futures, Topstep also allows trading of other futures products such as E-mini S&P 500 (ES), Micro E-mini S&P (MES), E-mini NASDAQ 100 (NQ), Micro E-mini NASDAQ 100 (MNQ), E-mini Russell 2000 (RTY), Micro E-mini Russell 2000 (M2K), Nikkei NKD (NKD), Micro Bitcoin (MBT), Micro Ether (MET), and certain Agricultural Futures. Please note that while Topstep is highly recommended for anyone with Forex experience, it does not currently offer a Forex Trading Combine. The focus is on what they’re best at, which is Futures trading. This allows them to provide the best possible experience for their traders.

Which Trading Platforms are offered by Topstep?

Topstep, a renowned trading platform, offers a variety of options for traders. They provide the Trading Combine, Express Funded Account, and Live Funded Account through various trading platforms. TopstepX, NinjaTrader, and Quantower are among the recommended platforms. These platforms are suggested based on their comprehensive features and user-friendly interfaces. However, Topstep also offers additional platform options that may work better depending on the device you use to trade and your personal preferences. Moreover, Topstep supports many popular trading platforms like TradeStation, and MetaTrader 4. These platforms are known for their advanced charting capabilities, automated trading strategies, and extensive market analytics. It’s important to note that Topstep traders are allowed to trade Futures products only, listed on the following exchanges: CME, COMEX, NYMEX & CBOT. Trading of Stocks, Options, Forex, Cryptocurrency and CFD’s are not permitted nor available in their program or platforms. In terms of educational resources, Topstep offers a solid range of materials to help improve your trading. This includes live webinars, video courses, trading ebooks, and more. These resources can be particularly beneficial for Forex traders looking to enhance their knowledge and skills in the market. Please note that while Topstep offers a wide range of trading platforms, Forex trading is not currently supported. Therefore, if you’re specifically interested in Forex trading, you may need to consider other platforms that support this type of trading.

Which Trading Instruments are offered by Topstep?

Topstep, a renowned trading platform, offers a variety of trading instruments to its users. Here’s a detailed overview:. Futures Contracts: Topstep provides its traders with the opportunity to trade a subset of Chicago Mercantile Exchange (CME) Futures Contracts. This includes a wide range of commodities and indices, allowing traders to diversify their portfolio and hedge against market volatility. Currency Pairs: In the context of forex, Topstep enables its users to trade various currency pairs. This includes major pairs involving the US dollar, as well as several cross-currency pairs. Trading forex allows traders to take advantage of the global economic landscape and profit from exchange rate fluctuations. Micro Contracts: Recently, Topstep has expanded its list of Permitted Products to include Micro Crude Oil, Micro Bitcoin, and Micro Gold contracts. These micro contracts allow traders to participate in these markets with a lower capital requirement, providing an accessible entry point for novice traders or those with smaller account sizes. Additional Products: In addition to the above, Topstep has added several other derivatives to its list of Permitted Products. These include Micro Silver, Micro Ether, Micro Euro FX, Micro Australian Dollar, Mexican Peso, RBOB Gasoline, Heating Oil, Platinum, and New Zealand Dollar. These additional products meet Topstep’s volume and liquidity requirements, ensuring a smooth trading experience for its users. Account Sizes: Topstep offers three different Trading Combine® account sizes: $50k, $100k, and $150k. Each account size comes with a specific profit target, maximum position size, and maximum loss limit. This flexibility allows traders to choose an account size that best fits their trading goals and risk tolerance. In conclusion, Topstep offers a comprehensive suite of trading instruments, catering to a wide range of trading styles and strategies. Whether you’re interested in trading futures, forex, or micro contracts, Topstep provides the tools and resources you need to succeed in the financial markets.

Which Trading Servers are offered by Topstep?

Topstep, a leading futures prop trading firm, offers a unique platform for traders. This platform, known as TopstepX™, is built by traders for traders. It is not tied to a specific brokerage, providing traders with flexibility. TopstepX™ is accessible through all major web browsers on any computer. , making it a convenient choice for traders worldwide. The firm provides financing of real trading accounts for its clients if they demonstrate the ability to make trades and manage risks on a simulation account. This approach allows traders to prove their skills in a risk-free environment before moving on to real trading. Traders can trade CME Group futures and currency pairs. The Trading Combine® includes a subset of Chicago Mercantile Exchange (CME) Futures Contracts. This allows traders to participate in a wide range of markets, increasing their potential for profit. Topstep offers three different Trading Combine® account sizes, allowing traders to choose the option that best fits their goals. The account sizes are as follows:. $50k Buying Power with a $3,000 profit target, 5 contracts maximum position size, and a $2,000 maximum loss limit. $100k Buying Power with a $6,000 profit target, 10 contracts maximum position size, and a $3,000 maximum loss limit. $150k Buying Power with a $9,000 profit target, 15 contracts maximum position size, and a $4,500 maximum loss limit. In addition to these features, Topstep offers a range of benefits for traders. These include faster payouts, free group coaching, and comprehensive support. The firm also has a supportive community for traders of all levels to share ideas, insights, and strategies for growth. In conclusion, Topstep offers a robust and flexible platform for traders, with a range of account sizes and trading options. Its unique approach to financing real trading accounts allows traders to prove their skills in a risk-free environment, making it an excellent choice for both new and experienced traders.

Can I trade Crypto with Topstep? Which crypto currencies are supported by Topstep?

Topstep, a proprietary trading firm, offers a unique opportunity for traders to trade with their capital, thereby eliminating the risk of personal financial loss. However, it’s important to note that Topstep primarily focuses on futures trading. As of now, Topstep does not support the trading of cryptocurrencies. The firm allows its traders to trade Futures products only, listed on the following exchanges: CME, COMEX, NYMEX & CBOT. Trading of Stocks, Options, Forex, Cryptocurrency, and CFD’s are not permitted nor available in their program or platforms. However, there has been an update from Topstep where they have added 12 additional derivatives to their list of Permitted Products, including Micro Crude Oil, Micro Bitcoin, and Micro Gold contracts. This suggests that while full-fledged cryptocurrency trading is not supported, there is some exposure to the crypto market through these micro contracts. In the context of Forex, Topstep offers a program called the Trading Combine, which evaluates traders for funding based on their skills, discipline, and habits. Traders who pass the Trading Combine unlock a Funded Account in as little as 2 days. It’s worth noting that Topstep provides financing of real trading accounts of its clients if they prove the skill to make trades and manage risks on a simulation account. In conclusion, while Topstep does not currently support direct cryptocurrency trading, they do offer some exposure to the crypto market through Micro Bitcoin contracts. As the crypto market continues to evolve, it’s possible that Topstep may expand its offerings in the future. For now, traders looking to trade Forex or futures may find Topstep’s unique risk-free trading opportunity beneficial.

What is the Leverage on my Topstep Trading Account?

The leverage on a Topstep Trading Account is 1:100. Topstep is a leading proprietary futures trading firm that focuses on providing discipline and healthy habits for long-term investing success. The company was founded in 2010 and has since evolved to become a significant player in the financial market, offering funded trading opportunities for retail investors. Prospective traders must complete a two-step evaluation process to receive a funded profile. This process stipulates that users must demonstrate profit potential and risk management capabilities. Once these skill and qualification requirements have been met, users are offered a funded account. The buying power varies by profile type, but users can earn up to 90% of profits. Topstep has the quickest funding trading program in the industry, with the evaluation process often navigated in as little as eight days. The Trading Combine plan helps you grow an account balance and manage risk appropriately so you will be ready to trade capital with conviction within a funded profile. The rules entail that you meet the pre-determined profit target and trade for a minimum of five days. You must only trade permitted products at accepted times, you do not hit or exceed the daily loss limit, you do not allow your account balance to hit or exceed the trailing maximum drawdown, and you follow the scaling plan. You can request a payout of up to 50% of your account balance after accumulating five winning trading days. One of the most lucrative aspects of a Topstep funded trader account is the generous profit-sharing arrangement. Traders get to keep 100% of their first $10,000 in profits. After reaching that milestone, a 90/10 split comes into play, meaning you keep 90% of any additional profits. Please note that this information is based on the details available as of the year 2023 and may be subject to changes. Always refer to the official Topstep website or contact their customer service for the most accurate and up-to-date information.

What kind of Spreads are offered by Topstep?

Topstep, a renowned platform for futures trading, offers a unique approach to spreads in the context of Forex. Rollover and Calendar Spreads. Rollover is a process that occurs when futures contracts near their expiration date. Traders with open positions must decide whether to close out their positions entirely or roll them into a new contract month. This process is known as “Rollover”, and it happens in every futures market. During the rollover week, markets tend to behave differently because the focus of institutional traders is to reposition their trades as efficiently as possible. This means traditional trading methods may not apply, as the goal is to roll as cheaply as possible. Types of Spreads. When it comes to order execution for rollover, traders have two options: they can either use a calendar spread or a leg spread. Calendar Spreads represent the difference in price between the front month and the back months. Because of the way these are quoted and traded, calendar spreads are an easier method for rolling a position. Leg Spreads involve closing out the position in the front month and reopening it in the next month. Risk grows exponentially when you try legging spreads, simply because the markets move and you could end up chasing a bad price. Forex vs Futures. In Forex, your brokerage sets the “spread” between where you can buy or sell. In Futures, you trade directly with other traders, so there is more information available to make decisions, like volume and open interest, and your stops are not visible to the brokers. With all market participants operating within a centralized exchange, it maximizes the liquidity for each market, which means there are tight Bid/Offer spreads. This means you can enter a position, and immediately be in the green, without having to overcome the spreads offered by your FX broker. In conclusion, Topstep offers a unique approach to spreads, providing traders with the flexibility to choose between calendar spreads and leg spreads during the rollover process. This, combined with the transparency and liquidity of futures trading, makes Topstep a compelling choice for traders.

Does Topstep offer MAM Accounts or PAMM Accounts?

Based on the available information, it is not clear whether Topstep offers MAM (Multi-Account Manager) or PAMM (Percentage Allocation Management Module) accounts. These types of accounts are typically offered by forex brokers and are used by fund managers to manage multiple accounts from a single account. MAM and PAMM accounts allow fund managers to manage multiple accounts without having to create an investment fund. The performance (profits and losses) of a MAM or PAMM account manager is distributed among the managed accounts. The clients’ managed accounts are connected to the account manager’s main account and all trades made by the manager are reflected proportionally in the clients’ accounts. A PAMM account features a management module that distributes the sizes of trades according to an allocation percentage. This solution is offered by many forex brokers for investors and fund managers. With a PAMM account, an investor can also allocate a percentage of his account to one or more managers. A MAM account allows you to use the percentage allocation method like a PAMM account, but it provides greater flexibility to allocate the trades and adjust the risk of each sub-account based on the clients’ risk profiles. However, without specific information from Topstep, it is not possible to confirm whether they offer these types of accounts. It would be best to contact Topstep directly for the most accurate and up-to-date information.

Does Topstep allow Expert Advisors?

Topstep, a futures prop trading firm with more than 10 years in business since its founding in 2012, has a clear stance on the use of Expert Advisors (EAs). Yes, Topstep does allow the use of Expert Advisors. However, it’s important to note that while EAs are permitted, Topstep does not allow strategies that it considers to be intended to abuse or manipulate. This includes High Frequency Trading (HFT), accounts maintained by third parties, and simultaneous entry into opposite positions. It’s also worth mentioning that Topstep only offers funded accounts for trading in the Futures market. Since April 12 of 2022, they ceased to offer Forex to new users, focusing solely and exclusively on financial futures. If your strategy is based on currency trading, you might need to consider other prop firms that support Forex trading. To become a Topstep funded trader, you will have to pass a two-step initial evaluation process called the "Trading Combine". The cost for this process will be $165 for accounts with $50,000 in buying power, $325 for $100,000, and $375 for $150,000. In conclusion, while Topstep does allow the use of Expert Advisors, it’s crucial to ensure that your trading strategies align with their guidelines to avoid any potential issues.