TopStep Review and Ratings 2023Visit TopStep
If you are interested in funded futures trading, TopStep may be a program worth considering. TopStep is a fully funded futures trading program that allows users to trade with a set amount of money. Once accepted into the program, traders can make high profits by trading without the risk of losing their own money. Additionally, TopStep offers an easy-to-use platform and training programs designed to help new traders get started quickly.
In this post, we'll be doing a full review of Topstep. We'll cover everything you need to know about Topstep, including what it is, how it works, its benefits and drawbacks, and our final thoughts. So, if you're considering using Topstep, this article is for you!
How Does TopStep Work?
TopStep is a funded account program that allows traders to make real money. Traders are required to pass steps one & step two of 'Trading Combine' before being accepted into the program. Once accepted, they are given an account with real money to trade with. If the trader is successful, they are then moved to a live account where they can keep the profits they make.
What is TopStep's Trading Combine?
The Trading Combine is a hands-on way for futures traders to grow and test their skills in simulated markets. Traders begin by applying to the program. They are then given a set time to complete specific tasks or reach particular objectives, such as hitting a profit target or growing their account by a certain percentage. If they successfully meet these objectives, they will be awarded a funding account.
The Trading Combine is an excellent tool for new and experienced traders. New traders can use the Trading Combine to hone their skills in a risk-free environment, while experienced traders can use it to test new strategies or systems. Either way, participants in the Trading Combine can earn real money that can be used to fund their trading accounts.
The Trading Combine of TopStep - A Full Overview
Passing the Trading Combine is essential for any trader seeking funding from Topstep. The Trading Combine is a series of steps that allow traders to prove their trading skills and receive funding for their accounts. To participate in the Trading Combine, traders must first register on the site. Once registered, they will begin Step 1 of the process
Step 1: The Profit Target
The first step of the Trading Combine is designed to test a trader's ability to make consistent profits without taking on too much risk. In this step, traders are given a profit target they must hit within a specific time frame. The current profit target is 6% of the buying power selected by the user. Once users pass Step 1, they move on to Step 2, which tests consistency.
Step 2: The Loss Limit
In Step 2, users have different constraints and must meet a weekly loss limit of $1,000 . In addition, users are not allowed to hold positions in major economic releases and must abide by a scaling plan that doesn't over-leverage their account. Finally, if users can successfully complete Step 2, they will have to choose either a standard or a pro account.
The Benefits Of TopStep
Many aspire to become professional traders but don't know where to start. TopStep is an excellent place for aspiring traders to get their feet wet. TopStep is a prop firm that funds new traders in exchange for a portion of their profits. In this TopStep review, we'll highlight some benefits of becoming a funded trader with Topstep.
TopStep Payouts are Outstanding
Payouts are among the most significant benefits of becoming a funded trader with Topstep. You can keep 100% of your first $5,000 in profits or 100% of your first $10,000 in profits. After that, you still save a whopping 90%. This is an incredible payout structure and is one of the main reasons why so many traders choose to work with Topstep
Quick Evaluation Process
Another benefit of working with Topstep is the quick evaluation process. Step 1 can be completed in just five trading days, and Step 2 no longer has a minimum days requirement. This means that you can become a funded trader relatively quickly if you can meet the profit targets.
Current Promotion - 50% Off
At the time of this writing, Topstep is running a promotion where you can get 50% off your first month's subscription. This makes Topstep an even better deal than it already is. Remember that once you become a funded trader, the Topstep fees go away entirely.
Respected Prop Firm
Topstep is a respected prop firm with ten years in the business and millions of dollars of trader withdrawals. They have an excellent reputation and have funded over 8500 accounts in 2021 alone.
No Timetable/Deadline to Meet Profit Targets
When you become a funded trader with Topstep, there is no timetable or deadline that you need to meet your profit targets. This gives you the flexibility to trade when it suits you and not be beholden to any unrealistic expectations
Good Customer Support
Topstep has excellent customer support. If you have any questions or have any problems, their team is always happy to help.
Drawbacks of TopStep
Topstep is an excellent option for those interested in pursuing trading but don't have the initial capital to start. However, there are a few things potential applicants should be aware of before applying. Keep reading to learn more.
Too Many Options
Topstep offers too many account options, which can be confusing for many. Because there are too many options, choosing one can be very difficult.
Complicated Payout System
You need to make more than $100 to be eligible for withdrawal. There are more. You must also be profitable for 5 days (not necessarily consecutive 5 days).
The Cost of Trading with Topstep
If you're considering taking the plunge into trading with a funded account, you're probably wondering how much it will cost you. Topstep is a little different from other funding providers because they don't have any long-term contracts - you only pay for as long as you're actively competing in a Trading Combine.
But what about after you've graduated from a funded account? Here's everything you need to know about the fees associated with trading with Topstep
Is Topstep Legit? You Bet It Is!
If you're a trader looking for a funded account, you've probably come across Topstep. But you might be wondering: is Topstep legit? The answer is a resounding yes! Topstep has been in the prop trading business for over 10 years. They have thousands of funded traders and have paid millions in profits.
Topstep is based in Chicago, just a few stops on the L away from the Chicago Board of Trade and a stroll across the river from the Chicago Mercantile Exchange. They've become a fixture in the Chicago futures trading community. If you're looking for a legit funded trading account, Topstep is the way to go.
Critics of Topstep argue that the program is too risky for new traders. They claim that it is impossible to profit with Topstep and that the company does not pay any losses. Additionally, some users have reported being scammed by support team members. Despite these complaints, many traders seem happy with Topstep, as it gives them access to a risk-free account and offers helpful resources.
Who is Topstep for?
Topstep is for anyone who wants to trade futures with the potential to earn funding from the program. The program is designed for experienced traders who can consistently follow a set of rules and guidelines. Topstep provides the capital and platform for traders to use and, in return, takes a percentage of any profits earned.
Topstep is an excellent option for experienced traders looking for funding to trade futures. The program is designed to be flexible and easy to use and only takes a percentage of any profits earned.
Who is TopStep Not For?
TopStep is a program that provides funding for traders who meet specific performance criteria. But who is TopStep not for? Keep reading to find out if TopStep is the right solution for you.
- Traders who need instant gratification: TopStep takes time to monitor and evaluate your trading before extended funding. This isn't the program for you if you need money right away.
- Traders who don't want to follow the rules: To be funded, you have to follow the program's rules. This includes things like risk management and using proper lot sizes.
- Traders who don't want structure: The beauty of trading is that you can do it anywhere, anytime. But with TopStep, there are scheduled trading times and days. So this structure might not work for everyone.
- Traders with unrealistic expectations: TopStep doesn't guarantee you'll make money. It's possible to lose money while going through the evaluation process. If you're looking for a get-rich-quick scheme, look elsewhere.
- Traders who don't want to put in the work: Trading is complex and not always glamorous. If you're not willing to put in the time and effort, TopStep is not for you.
If any of the points above sound like you, TopStep might not be the right fit. Do your research and determine what will work best for your trading career.
What Customers Say About TopStep
Topstep is a company dedicated to providing access to funding for traders through its Trading Combine® and Funded Account™ programs. The company has been rated Excellent on TrustPilot, with a 4.4-star rating based on over 100 reviews. Topstep has also been rated 4.1 out of 5 by Google, with 53 reviews. Most five-star reviews on TrustPilot credited the Topstep trading environment and community for helping them learn trading discipline and connect with other traders. Many reviewers also mentioned the quality of the educational resources and the supportive staff as significant reasons for their favorable experiences with Topstep. Overall, the company seems committed to providing a high-quality experience for its clients and helping them achieve their trading goals.
TopStep Customer Support
Customer service provides assistance and support to customers before, during, and after they make a purchase. It can take many forms, including telephone calls, live chat sessions, email correspondence, or face-to-face interactions.
Topstep is a prop firm that is dedicated to providing excellent customer service. They can be reached by phone between 7 am and 6 pm CST at (888) 407-1611. They can also be reached via email, and their website has a chat function available during business hours. Their employees are friendly and knowledgeable and always willing to help resolve any issues you may have. In addition, they offer a 100% satisfaction guarantee on all of their products, so you can be sure you're making the best purchase for your needs.
Our Final Thoughts On Topstep
Topstep is a funded account provider that connects forex traders with capital. Traders must pass a trading exam and complete a training program before being funded. Once funded, traders trade with their own money and keep 60-90% of profits. The minimum amount to get started with Topstep is $165.
We think Topstep is an excellent option for forex traders looking for funding and access to capital. The trading exam and training program are both required but easy to pass. Traders also keep 60-90% of their profits, which is a high percentage compared to other providers. Overall, Topstep is an excellent choice for forex traders who want to get started quickly and easily.
If you're looking for a funded forex account, TopStep is definitely worth considering. They have a solid reputation in the industry and offer a variety of features that make them stand out from the competition. However, it's important to remember that you'll only be able to trade with real money after passing their exams—so make sure you're confident in your abilities before signing up.