Topstep Trader is a unique platform that offers traders the opportunity to earn a funded trading account without risking their own capital. The company’s primary product, the Trading Combine, is a simulated trading evaluation that tests a trader’s ability to profit and manage risk. Traders who successfully pass the Combine are eligible to trade real capital and keep a significant portion of their profits.
How Topstep Trader Works:
- Trading Combine: This is a two-step evaluation process. Traders choose an account size ranging from $50,000 to $150,000. The goal is to hit the profit target without hitting the trailing maximum drawdown. There are specific rules, such as not holding into major economic releases and adhering to a weekly loss limit.
- Funded Account: Once a trader passes the Trading Combine, they are eligible to trade real capital. Topstep funds the trader with the same account size they chose in the Combine. Traders keep 100% of their first $5,000 in profits and 80% thereafter.
- Platform & Broker Integration: Topstep Trader is not a brokerage, but they integrate with several platforms and brokers. One such platform is Tradovate, which many traders, including myself, use to execute trades. The integration is seamless, and the experience is enjoyable.
My Personal Experience:
I recently started the $50,000 Trading Combine and chose Tradovate to execute my trades. The experience has been nothing short of amazing. The platform is intuitive, the rules are clear, and the opportunity to trade without risking personal capital is unparalleled. The support from the Topstep team has been commendable, and the community of traders is very supportive.
Customer Reviews:
A quick glance at Trustpilot reveals that Topstep Trader has a rating of 4.2 out of 5 stars from over 1,000 reviews. Many users praise the platform for its unique approach to trading, the opportunity to trade without risking personal capital, and the supportive community. However, like any platform, there are a few negative reviews, mainly from users who found the rules too restrictive or faced challenges in passing the Combine.
Pros:
- Opportunity to earn a funded trading account without risking personal capital.
- Clear rules and guidelines for trading.
- Integration with popular trading platforms like Tradovate.
- Supportive community and responsive customer support.
Cons:
- Some users find the rules too restrictive.
- The Combine can be challenging for some traders.
Conclusion:
Topstep Trader offers a unique proposition for traders – the chance to earn a funded trading account without the risk. The platform’s rules and guidelines ensure that only skilled traders make it to the funded account stage, ensuring a win-win situation for both the trader and Topstep. The integration with platforms like Tradovate enhances the trading experience. If you’re a trader looking to prove your skills and earn a funded account, Topstep Trader is worth considering.
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