by Imagine a world where your trading dreams come true. You get to move through financial markets with support from a Topstep Prop Firm. This is what Topstep offers, a Chicago-based company that turns new traders into pros. Let me share a story that shows how Topstep helps traders succeed.
It was a crisp autumn day in Chicago when I met Sarah, a young trader with a Topstep Live Funded Account. She was thrilled to talk about her journey, starting a few months back. “I traded on my own for years but needed that extra boost,” she said. “Topstep’s Trading Combine® program was my game-changer.”
Sarah’s story shows how Topstep’s platform helps traders reach their financial dreams. We’ll look into Topstep’s trading options, how they evaluate and fund traders, and more. We’ll also cover account sizes, profit shares, and the tools traders use. Let’s explore how Topstep can help you become a funded trader and achieve success in trading.
What is Topstep Prop Firm?
Topstep is a company that helps aspiring traders become funded traders. It offers a special chance for traders to show their skills in a real trading setting. This can lead to getting access to real money accounts. Topstep aims to support and grow traders, helping them succeed in their careers.
Overview of Topstep as a Proprietary Trading Firm
For over ten years, Topstep has been a top proprietary trading firm. It gives traders the tools, training, and tests they need to succeed. Thanks to its tough tests and focus on trader growth, Topstep is well-known in the industry.
Topstep’s History and Establishment
Founded in 2010, Topstep has led the trader development field for more than 12 years. It was created to offer a supportive and realistic place for new traders to show their skills. Over time, Topstep has grown into a reliable prop trading firm, offering trader funding opportunities and trading mentorship to help traders achieve their goals.
Instruments and Markets Available at Topstep
As an aspiring trader, you’ll be excited to learn about the wide range of futures trading opportunities at Topstep Prop Firm. Topstep traders can trade a variety of futures products on the CME, COMEX, NYMEX, and CBOT exchanges.
This includes equity futures, foreign exchange futures, agricultural futures, energy futures, interest rate futures, and metals futures. Topstep offers a broad selection of trading opportunities for traders to practice in a regulated proprietary trading firm setting.
Futures Products Offered
- Equity Futures
- Foreign Exchange Futures
- Agricultural Futures
- Energy Futures
- Interest Rate Futures
- Metals Futures
Exchanges Where Trading is Permitted
- Chicago Mercantile Exchange (CME)
- Commodity Exchange (COMEX)
- New York Mercantile Exchange (NYMEX)
- Chicago Board of Trade (CBOT)
Topstep’s funded trader programs focus only on futures trading. They do not allow trading of stocks, options, forex, cryptocurrencies, or CFDs. This focus ensures a strict and focused trader audition and trader evaluation process for Topstep’s traders.
topstep prop firm Evaluation and Funding Process
To become a Topstep-funded trader, you must pass the Topstep Trading Combine. This test simulates real market conditions to see if you can handle it. You need to hit certain profit goals, keep daily losses in check, and show steady trading skills.
The Trading Combine Challenge
Topstep offers three account sizes: $50,000, $100,000, and $150,000. Each size has a profit goal you must reach to pass. For the $50,000 account, you need to make at least $3,000. The $100,000 and $150,000 accounts require $6,000 and $9,000 in profits, respectively.
During the Combine, you must follow daily loss limits and drawdown controls. These rules help you learn to manage a funded account wisely.
Rules and Requirements for Passing
- Meet the minimum profit target based on the account size: $3,000 for $50,000, $6,000 for $100,000, and $9,000 for $150,000.
- Adhere to the daily loss limits, which range from $2,000 to $4,500 depending on the account size.
- Maintain a consistent trading performance and respect the trailing maximum drawdown controls.
Passing the Topstep Trading Combine shows you can trade profitably and responsibly. This earns you a spot with a Topstep funded account. The tough test makes sure only skilled and disciplined traders get in.
Account Sizes and Costs
Topstep is a leading proprietary trading firm that offers various funded account sizes. These options help traders meet their capital needs and trading goals. Whether you’re experienced or new to trading, Topstep has something for you.
Traders can choose from $50,000 to $150,000 in buying power, with different monthly fees. The $50,000 account costs $165 monthly, the $100,000 account $325, and the $150,000 account $375. This lets traders start small and grow as they prove their skills.
Topstep’s platform and infrastructure support traders in optimizing their portfolios. The firm aims to give traders the tools and resources they need to succeed in the markets.
| Account Size | Buying Power | Monthly Fee |
|---|---|---|
| Starter | $50,000 | $165 |
| Intermediate | $100,000 | $325 |
| Advanced | $150,000 | $375 |
Topstep offers diverse account sizes to match traders’ risk tolerance and goals. This flexibility helps traders tailor their strategies for long-term success.
Profit Splits and Payouts
At Topstep Prop Firm, traders get a competitive profit split that rewards their hard work. At first, they keep all profits in their funded account. But, when they hit $10,000 in earnings, the split changes. Then, the trader gets 90% of the profits, and Topstep takes 10%. This split is very competitive, making Topstep a top choice for traders looking for great opportunities.
Topstep’s Competitive Profit Split Structure
Topstep’s profit split is made to motivate traders and boost their trading profitability. The firm rewards successful traders with a great split. This benefits both the traders and Topstep, creating a win-win situation. With a trading opportunity and a competitive profit split, Topstep stands out as a top trader funding opportunity.
| Profit Earned | Trader’s Share | Topstep’s Share |
|---|---|---|
| Up to $10,000 | 100% | 0% |
| Beyond $10,000 | 90% | 10% |
This clear and beneficial profit split makes Topstep stand out in the trading performance metrics and trading profitability world. By letting traders keep most of their earnings, Topstep shows its dedication to trader funding opportunities and supporting their performance review.
Trading Platforms and Tools
At Topstep, traders get to use many trading platforms, both free and paid. The trading audition process recommends TSTrader, NinjaTrader, and Quantower for free during the Trading Combine phase. TopstepX, their own platform, offers advanced tools like TradingView charts and a trade copier, with no commission fees.
Topstep also supports many third-party platforms, like TradingView and Sierra Chart. Traders can pick the platform they like best, but some might not be free later on.
Proprietary TopstepX Platform
The TopstepX platform is Topstep’s own trading platform. It has many features to help traders. They can use TradingView charts and the Tilt indicator to manage their feelings and stay disciplined. It also has a trade copier, letting traders follow successful strategies and learn from the Topstep community.
Supported Third-Party Trading Platforms
Topstep also offers a variety of third-party platforms for traders. These include big names like TradingView and Sierra Chart. Traders can pick the platform that fits their trading education and trading platform needs for a better trading experience.
| Platform | Free during Combine | Free during Live Funded |
|---|---|---|
| TSTrader | Yes | No |
| NinjaTrader | Yes | No |
| Quantower | Yes | No |
| TopstepX | Yes | Yes |
Risk Management and Trading Rules
At Topstep Prop Firm, we take risk management seriously. We have strict rules for the Trading Combine® evaluation and Live Funded accounts. These rules help traders trade responsibly and grow sustainably.
Daily Loss Limits and Drawdown Controls
Traders face daily loss limits of $1,000 for a $50,000 account, $2,000 for a $100,000 account, and $3,000 for a $150,000 account. We also have drawdown controls of $2,000, $3,000, and $4,500, respectively. These rules keep trading disciplined and prevent big losses.
Scaling Plan for Position Sizing
Our scaling plan sets the max contracts a trader can hold based on their balance. It changes at the end of each session, letting traders increase their positions as their balance grows. This way, traders manage risks well and aim for steady trading success.
With these rules and plans, Topstep Prop Firm creates a trading education space for responsible trading. We believe a disciplined risk management approach is key to profitable trading.
Topstep Trader Reviews and Reputation
Topstep Trader is a leading name in the world of forex trading. It’s known for its performance-based funding. On Trustpilot, it has a stellar 4.6/5.0 rating from almost 5,000 reviews. This shows how happy customers are and how well traders do with them.
Most reviews, 80% of them, are 5-star. This shows a huge number of traders love the service. Even with a few 1-star reviews, most are very happy with what Topstep offers. They like the trading platforms and the success they’ve seen with Topstep’s help.
Topstep is also ranked well in the Non-Bank Financial Service category. It’s at 135 out of 220 companies. This shows it’s a top choice in the trader funding world.
| Review Ratings | Percentage |
|---|---|
| 5 stars | 80% |
| 4 stars | 9% |
| 3 stars | 3% |
| 2 stars | 2% |
| 1 star | 6% |
Traders often talk about how great Topstep’s customer service is. They love the Trading Combine simulation and the chances to become funded traders. This shows Topstep’s focus on funding based on performance. It helps traders reach their financial goals in forex and other markets.
Conclusion
Topstep Prop Firm is a top choice for traders looking to become funded traders. They offer a tough Trading Combine test to prove skills and get live capital with good profit splits. With a strong focus on trader mentorship, risk management, and realistic trading, it’s great for those wanting to succeed in the prop trading firm world.
Topstep’s programs are backed by lots of data and stats, showing their dedication to funded traders. They have big payouts, reach traders worldwide, and offer many trading platforms and funding levels. The Topstep 1-Step program makes it easier for new traders to get started.
In summary, Topstep Prop Firm is a great trading opportunity for traders at all levels. They provide the tools, advice, and performance evaluation needed to succeed in the fast-paced world of proprietary trading.
FAQ
What is Topstep Prop Firm?
Topstep is a trading firm that helps traders become funded. It uses a Trading Combine to test traders’ skills. This gives traders a chance to use real money accounts.
What instruments and markets can I trade with Topstep?
Traders at Topstep can trade Futures products on the CME, COMEX, NYMEX, and CBOT exchanges. This includes many types of Futures, like Equity Futures and Foreign Exchange Futures.
How does the Topstep Trading Combine work?
The Trading Combine is where traders prove their skills to get a funded account. They must hit profit targets and keep losses under control. They also need to show steady trading performance.
What are the account sizes and costs at Topstep?
Topstep has three account sizes: $50,000 for $165/month, $100,000 for $325/month, and $150,000 for $375/month. The leverage is 1:1, meaning the account balance is the buying power.
What is Topstep’s profit split structure?
Topstep has a good profit split for traders. Traders keep all profits at first. Then, after making $10,000, the split changes to 90% for the trader and 10% for Topstep.
What trading platforms and tools does Topstep support?
Topstep supports many trading platforms, including TSTrader and NinjaTrader. Traders can also use platforms like TradingView and Sierra Chart.
What are Topstep’s risk management rules?
Topstep has strict rules to manage risk. These include daily loss limits and maximum drawdown controls. The firm also has a plan to adjust trading sizes based on the account balance.
What is Topstep Trader’s reputation and reviews?
Topstep Trader is highly rated on Trustpilot, with a 4.5/5.0 score from over 1,500 reviews. Traders like the firm’s customer service and the chance to become funded.
