Imagine yourself as a daring explorer embarking on a journey to conquer the trading world. You've got your backpack filled with all the tools you need - your knowledge, skills, and strategy. But, without the necessary funds, you'll never reach your destination. TopStep is like a trusty guide, leading you toward the treasure trove of trading opportunities. They provide the funding you need and evaluate your skills and performance to ensure you're ready for the journey ahead.
In this article, we'll take a closer look at what a TopStep funded account is all about and help you decide if this is the right fit for you on your trading journey.
TopStep offers a unique opportunity to earn funding through its Funded Accounts program. To qualify for a Funded Account, you must pass through a rigorous 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 seriousness and potential for success, making them eligible for funding through TopStep.
One of the key benefits of the TopStep Funded Accounts program is that it allows you to increase your buying power by leveraging their profits rather than simply increasing their funding. This means that even successful traders can continue to see their buying power grow as they make profitable trades.
The TopStep Trading Combine program is the gateway to earning the opportunity to become a funded trader. You can trade with the firm's capital on 14 different trading platforms when you pass the evaluation process.
For a deeper understanding of the program, including the distinction between a Combine account and a Funded account, read our in-depth TopStep Trader review here.
The process of getting funded with TopStep can vary in time, but on average, it takes about 8-14 days to complete. Once you have completed all the necessary steps, TopStep will email you your login details.
For a smooth and timely process, it's important to keep in mind the following steps that need to be completed:
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.
TopStep Trader is designed to help traders become professional futures traders. It does this by providing the tools and resources necessary to improve their day trading skills.
One of the key features of TopStep Trader is the no-fee trading platform for the Combine Trader account. However, a Funded Account will incur fees and commissions associated with trading on futures exchanges.
The platform also offers a variety of charts, including candlestick, line, bar, point & figure, Heikenashi, and Renko. Traders can use these to analyze their trades.
In terms of education and coaching, TopStep Trader 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.
You can check out some of the best-funded stock trading accounts here and see how they compare with TopStep.
The pricing for TopStep Trader starts at $165/month and goes up to $375/month with different membership options available. They also offer a 14-day free trial with no credit card details required.
It's important to note that while a trader is in the Trading Combine, TopStep will continue to charge monthly fees, but these fees disappear once the trader graduates to a funded account.
Additionally, account reset fees during the Trading Combine and exchange fees apply once the trader trades with a funded account. It's recommended to familiarize yourself with the rules and pricing variations of TopStep Trader. This can help you to qualify and maintain funded trader status.
Additionally, many traders focus on specific exchanges to keep costs down. It's always worth reading the fine print regarding the fees involved with a funded account. Especially, as they differ from the Combine Account.
From the no-fee trading platform for the Combine Trader account to the wide range of charts, educational content, and coaching options, you can improve your day trading skills, manage risk, and refine trading strategies.
The flexible pricing and membership options, including a 14-day free trial period, allow you to evaluate if a TopStep funded account is worth it before committing.
But like any good story, there are rules and challenges to overcome. Familiarizing yourself with the rules and pricing variations of TopStep Trader is crucial to qualify and maintain your funded trader status.
With TopStep Trader, you can secure the funding you need and take your trading to the next level without risking a significant amount of your own capital.