Created by TopStepTrader, a company founded by legendary trader Michael Patak in 2012, this unique program offers a golden opportunity for traders to prove their skills and gain access to real trading capital. The essence of the program lies in its two-step Trading Combine. It assesses a trader’s abilities in various market conditions while adhering to specified rules and targets.
The reward for successfully navigating this assessment is access to a TopStep funded trader account. You’re not just trading on a demo account anymore. You’re working toward managing a funded futures trading account. And it’s not just about trading for the sake of trading. The TopStep funded trader account provides a structured path to becoming a more disciplined and successful trader.
We will thoroughly review the TopStep funded trader account to provide you with all the information you need to elevate your trading game.
Learn More About TopStep Funded Trader
An Overview of TopStep
TopStep was founded in 2012 by the renowned trader Michael Patak. It aims to bridge the gap between aspiring traders and real market opportunities. Recognized as one of America’s fastest-growing companies, according to INC.5000, it evaluates and identifies traders capable of responsibly managing a funded trading account.
But how does TopStep gauge your trading prowess? Through an innovative evaluation process known as the Trading Combine. This two-step program is more than just a rite of passage for traders. It’s an opportunity to demonstrate your ability to generate profits while adhering to specific trading rules.
TopStep ensures that only skilled and disciplined traders get the keys to a funded trading account through this systematic, two-step approach.
TopStep Funded Trader Account Features
A TopStep funded trader account comes loaded with features designed to benefit traders in multiple ways. Let’s delve into some of these key offerings:
- 90/10 Profit Split: 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. This arrangement ensures that traders are highly motivated to perform well.
- Simple Payout Policy: TopStep makes the payout process uncomplicated. To qualify for a payout, traders must have five winning days with a profit of at least $200 daily. This relatively achievable goal sets a clear pathway to receiving your earnings.
- Fast Payout Processing: Nobody likes to wait for money they’ve earned, and TopStep understands this. The company prides itself on its fast payout processing. Earnings are processed daily, allowing traders to access their funds swiftly.
These features make a TopStep funded trader account attractive and make your trading journey profitable, smooth, and efficient.
How to Become a TopStep Funded Trader?
Becoming a TopStep-funded trader involves a structured process designed to test and prove your trading skills. This two-step process, the Trading Combine, evaluates whether you’re ready to trade with real capital. Here’s a breakdown of each step:
Step 1: Trading Combine Step 1
The initial step requires traders to meet specific targets, adhere to rules, and operate within certain limitations. For example, if you start with a $50K simulated account, you need to:
- Trade on at least five days (not necessarily consecutively)
- Achieve a profit target of $3,000
- Stick to a daily loss limit of $1,000 and a weekly loss limit of $1,000
- Avoid hitting the trailing maximum drawdown, which is $2,000 in this case
The main goal of Step 1 is to demonstrate your ability to be a consistent trader while following specific rules and guidelines.
Trading Combine Step 2
Once you successfully navigate Step 1, you move on to Step 2, which brings its own set of challenges. The rules become more stringent here. For a $50K starting balance, you’ll need to:
- Reach the same $3,000 profit target, but you’re restricted to trading fewer contracts
- Adhere to a daily and weekly loss limit of $1,000
- Maintain a trailing maximum drawdown of $2,000
- Avoid trading during significant economic releases
One unique aspect of Step 2 is the scaling plan, which dictates the number of lots you can trade based on your account balance. You may start with two contracts, but this number increases as you add more funds to your account.
By completing these two steps successfully, you earn the chance to trade with real capital in a TopStep funded trader account.
Cost and Pricing Details
Navigating the cost and pricing details is essential to understanding the TopStep funded trader account. This account isn’t just about gaining access to capital; it’s also about investing in your trading career. So, let’s delve into the financial aspect of this opportunity.
- Monthly Subscription Fees
TopStep offers different pricing tiers based on the account balance you opt for. Monthly subscription fees vary from $165 to $375 per month, depending on whether you choose a $50K, $100K, or $150K account. Selecting the appropriate balance to align with your trading goals and risk tolerance is crucial.
Trading sometimes goes differently than planned, and TopStep understands this. If you need to reset your account, a fee is involved. The reset fee keeps traders accountable, ensuring they approach trading with the seriousness it warrants.
- Special Bonuses and Offers
TopStep also incentivizes traders through various special bonuses and offers. For instance, they offer a First Payout Bonus, where you get your last month’s subscription fee refunded after earning your first payout. This acts as an excellent motivator to aim for consistent profitability. You can also use a TopStep Trader coupon code to save on your subscription and fees.
Understanding the cost structure helps you make an informed decision. It allows you to leverage the TopStep funded trader account to its fullest potential. The pricing details are structured to offer flexibility while also rewarding skillful trading.
TopStep funded trader account provides aspiring traders with real capital and minimizes the risks with a well-structured program. From the 90/10 profit split and simple payout policy to fast payout processing, TopStep makes it seamless for traders to capitalize on their skills.
A reliable partner can make all the difference in a field as competitive as trading. With its combination of features, services, and reasonable pricing, TopStep offers that partnership.
Click here to learn more and take that decisive step toward becoming a TopStep funded trader.
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