Presentation of Topstep
Founding: Topstep was founded by Michael Patak, an experienced futures trader who wanted to help other traders succeed without risking their own funds.
Objective: Topstep’s objective is to find and support talented traders by providing them with the capital necessary to trade in the futures markets.
Evaluation and financing model
Topstep uses a single-step process to evaluate and fund traders:
Step 1: Trading Combine®
Profit Objective: Traders must achieve 6% profit to validate the Trading Combine.
Loss limit: Traders must respect total loss limits depending on the capital chosen
— 2000$ maximum loss for a 50K account,
— $3000 max loss for a 100K account,
— $4500 max loss for a 150K account.
Maximum number of contracts:
— 5 contracts max for a 50K account,
— 10 contracts max for a 100K account,
— 15 contracts max for a 150K account.
Step 2: Funded Account
Funded Account: After successfully completing the previous step, traders receive a funded account with capital provided by Topstep.
Profit Sharing: Traders can keep a significant portion of the profits made in this account, often 80% or more.
Risk Management: Traders must continue to comply with the risk management rules imposed by Topstep to keep their account funded.
New TopstepX offer
The new TopstepX offering has several exciting terms and features designed to enhance the traders’ experience. Here are the key points of this offer:
Conditions and Features of TopstepX
Integrated Web Platform:
Accessibility: TopstepX is a web platform, which means that it is accessible on PC, Mac and mobile devices without requiring any specific download or installation.
TradingView Charts: Built-in TradingView Charts provide drawing tools, indicators and customizations traders love.
Trading Products:
Futures Contracts: Traders can access a wide range of Futures products, including E-Mini, Micro contracts, and other instruments such as crude oil, natural gas, and various precious metals.
Micro Contracts: The offer also allows trading Micro contracts, providing more flexibility and risk control to traders.
Exclusive Tools and Indicators:
The Tilt™: This proprietary indicator shows real-time market trends based on the positions of other Topstep traders, which can help gauge potential market movements.
Simple and Automated Orders: Bracket orders with profit and risk targets can be easily adjusted by drag and drop.
Support and Education:
TopstepTV: Daily live streams to motivate and educate traders, featuring real-time market analysis and discussions with special guests.
Live Chat Support: Responsive customer support to help traders at any time.
Security and Risk Management Features:
Manual Lock: A manual lock button allows you to suspend trades for the rest of the day to avoid impulsive decisions.
Customized Profit and Loss Targets: Traders can set risk and profit limits for each trading day, helping to maintain disciplined trading habits.
Pricing and Promotions:
Commissions Free: Although commissions are waived, National Futures Association (NFA) and clearing fees apply to each trade.
Current Promotions: Promotional offers, such as ratings starting from $19, make TopstepX attractive to beginner traders.
For more details about TopstepX, you can check the sources available on their official website and other trading firm review sites.
Benefits of Topstep
Access to capital: Traders can access substantial capital (50K, 100K or 150K) without risking their own funds.
Profit sharing: Traders keep a large portion of the profits, which can be very lucrative.
Training and Support: Topstep offers educational resources and support to help traders succeed.
Training and support
Educational Resources: Topstep offers webinars, guides, Web-TV and other educational resources to help traders improve their skills.
Community: Traders have access to a community of traders where they can exchange ideas and get advice.
Technology and tools
Trading Platforms: Topstep supports several popular futures trading platforms, such as Quantower, NinjaTrader, TradingView, and many others.
Analytical Tools: Topstep provides advanced tools to help traders analyze their performance and optimize their strategies.
Conditions of participation
Fees: Traders must pay a monthly fee to participate in the Trading Combine® until they reach the profit target and get their account funded.