For an aspiring trader, the journey from novice to professional can seem steep and treacherous. Having personally trying the Topstep Trading Combine, we at 247trading can confidently say that this unique prop trading program can ease any trader, regardless of experience, into the world of proprietary trading.

Topstep is a reputable company primarily known for its innovative Trading Combine, an experiential learning and evaluation program for futures traders. Unlike other companies that monitor the drawdown each second, we found that the Topstep combine only measures your balance at the end of the trading day. This can be a better option for traders who operate with a high drawdown threshold during the day or utilize intraday averaging strategies.

Understanding the Trading Combine Funding Program

After carefully observing the trading combine program, we couldn’t help but be impressed. It’s like watching a well-dressed penguin gracefully dance its way through the financial markets. With their robust capital protection measures, they make sure no trader ends up doing the “Oops-I-broke-the-piggy-bank” dance routine. On a more positive note, let me tell you that they totally beat their competition. Getting funded in one step? You bet it happens at Topstep!

Your goals include reaching a predetermined profit target, trading a minimum of five days, and not hitting or exceeding the Daily or Max Loss Limit – a measure that, if breached, results in your account being deactivated for that trading day. Rules to observe include trading only permitted products during approved times, not allowing your Account Balance to hit or exceed the Trailing Maximum Drawdown, and respecting your Maximum Position Size. It is also important to note that there is a consistency target, i.e. your best trading day should be below 30% of the total profit on the account. While it may seem like a lot, believe us when we say it’s for your own good.

After successfully navigating through this step, you can welcome yourself into the frontier of prop trading. 247trading congratulates you on your journey to becoming a funded Topstep trader. Don’t forget to share your Funded Trader Certificate with us. We’d love to hear about your success.

Trading Programs and Costs

Topstep offers a variety of trading programs with different parameters to cater to the needs of all prop traders. The buying power options range from $50,000 to $150,000, with corresponding monthly subscriptions of $49/month, $99/month, or $149/month. I did the simple math and found that the required subscription cost can be easily cover even if you produce 3% each month on a 50k account. That equals $1450 in profit after the deduction. Each program specifies a maximum number of contracts, daily loss limits, and a trailing max drawdown that you must adhere to.

Trading Rules and Platforms

As part of the program, you are restricted to trade only specific products during particular times, maintain your account balance above a predetermined Trailing Maximum Drawdown, and follow a scaling plan. Topstep permits a range of futures contracts, such as E-mini S&P 500, NASDAQ 100, Crude Oil, Gold, Interest Rates, and even Micro contracts.

The prop firm supports various trading platforms, such as TSTrader, NinjaTrader, and Quantower, all with varying compatibilities and commission rates. The platforms are third-party add-on compatible, making it easy to tailor to your trading needs.

Profit Sharing and Benefits

At 247trading we think the profit-sharing model of Topstep is reasonable and assures you trade with proper risk management. You get a full share of the $10,000 profit, and afterwards, they allow you to keep 90% with a daily payout coming directly into your account. Payouts are processed daily, and once you become a funded trader, you only need five winning days of +$100 to earn your payout. Now it maybe seems odd to again have to prove yourself after the challenge, but I think that if you are a consistently profitable trader, showing 5 days of profit will not be that big of a deal. How else can you be a profitable trader, right?

Other benefits include exclusive Topstep gifts, requesting more buying power or a larger loss limit, and having up to 3 Express Funded Accounts. You can also access a dedicated funding coach to guide you through your trading journey.

To Recap

At 247 trading, we believe that going into the world of futures trading can be daunting, especially to a beginner. Still, Topstep’s Trading Combine provides a well-structured, realistic, and risk-managed pathway to success. While the journey can be challenging, the rewards and experience gained are immeasurable. Your friends will start thinking that you are a superhero with a cape made up of trading. Mine did so, anyways. The program instills the much-needed discipline and risk management skills in traders, making it an invaluable resource in your journey to becoming a professional futures trader.

As a final note, remember that while Topstep offers numerous benefits and tools, it doesn’t come with a “100% guaranteed profits button”. If you ever seem to come across one, let me know, and ill be the first in the line to get it. However, it undoubtedly equips you with the right skills and experience to confidently tackle the markets. Good luck, and happy trading!

Quick Details of the Topstep Trading Combine

Parameter Description
Program Costs (Monthly Subscription) $49/month, $99/month, $149/month
Available Funding (Buying Power) $50,000, $100,000, $150,000
Profit Sharing 100% of first $10,000, then 90% thereafter
Maximum Drawdown (Trailing Max Drawdown) $2,000, $3,000, $4,500
Evaluation Duration Until you reach the set objectives (no fixed duration)
Profit Targets $3000, $6000, and $9000 for $50k, $100k, and $150k accounts
Money Back Guarantee Last month’s subscription refunded after earning your first payout
Other Trading Rules Trade only permitted products, do not hit or exceed Daily Loss Limit, do not allow Account Balance to hit or exceed Trailing Maximum Drawdown, follow the scaling plan, and respect Maximum Position Size
Max Positions (Contracts) 5 contracts, 10 contracts, 15 contracts
Daily Loss Limits $1,000, $2,000, $3,000
Permitted Trading Days Trading closes for the weekend Friday at 3:10:00 PM CT and resumes at 5:00:00 PM CT Sunday.
Consistency Target Your best day is equal to or more than 30% of your total profits made.
Scaling Plan Traders are allowed to increase their lot size based on account balance.
Commission Rates Varies based on the data provider and the instrument being traded
Trading Platforms TSTrader (any device), NinjaTrader (Windows), Quantower (Windows)
Funded Trader Benefits 90/10 Profit Split, Simple Payout Policy, Fast Payout Processing, One-time Full Evaluation, Funded Trader Certificate, First Payout Bonus, Topstep Gifts, Scale Up option, Multiple Accounts, Dedicated Funding Coach

 

What do Fellow Traders Actually Think about the Topstep Trading Combine?

I believe that the customer is always, and this is the case when we come across feedback for the prop firm and their funding program. Topstep Trading Combine enjoys a high average score of 4.6 out of 5 on Trustpilot, based on 1685 reviews( one of them is mine), indicating a generally favorable sentiment among its user base. This shows a good reputation, as Trustpilot is a widely recognized platform for independent reviews.

On Reddit, the conversation surrounding Topstep is diverse. Traders seem to appreciate the structure and discipline the Trading Combine promotes, but some also have criticisms, mainly around the strictness of the rule. And let’s not forget the debate around the company’s business model. Honestly, its like trying to decide if the pineapple belongs on the top of a pizza. Everyone has an opinion, and some are pretty passionate about it.

Positive Feedback

We have noticed that users really appreciate what TopStep brings to the table. And let me tell you, they have some solid reasons to be impressed!

Among the positive feedback, users highly value the program for its tight risk control measures and simulated environment, which are perceived as crucial for skill development in aspiring traders. The ability to test trading skills and strategies without risking personal capital is seen as a significant advantage.

Customer support has also been lauded for its responsiveness and helpfulness. It is like having a team of trading superheroes at your beck and call. They’re genuinely dedicated to ensuring you have the best experience possible.

Many traders believe that the payout structure is fair, with traders keeping 90% of their profits after the first $10,000. Some users view the rule that allows only 50% withdrawal as beneficial for a long-term perspective, discouraging risky behavior and quick payouts.

All in all, based on the positive feedback I’ve encountered, it seems that Topstep offers a well-rounded and supportive environment for aspiring traders like myself. It makes me wanna jump in and get the most out of the program. Here’s to a successful trading journey with Topstep!

Negative Feedback

We found that some traders criticize the program’s strict rules, with some arguing that Topstep’s business model is based on traders failing and continually resetting. Some perceive the combine’s rules as difficult and easy to trip up on.

The cost of the program has been another point of contention, with some traders considering it expensive. A few users have reported issues with platform bugs, and others have expressed frustration with occasional slow response times from the support team.

Comparison with Other Funded Trader Programs

In comparison with other funded trader programs, the emphasis Topstep Trading Combine places on risk control and discipline, and the access to a simulated trading environment make it stand out. While there may be criticisms about the strictness of the rules and the cost, the program’s high rating on Trustpilot suggests many traders are willing to accept these for the value they gain in their trading skill development. You can take our word for that!

247trading Final Impressions and Verdict 

Topstep Trading Combine presents itself as an appealing proposition for aspiring futures traders looking to gain practical experience, develop disciplined habits, and risk control measures without staking their own capital.

The strength of Topstep lies in its unique learning model, which simulates a real-world trading environment. It’s like trading in the Matrix, except that you won’t be dodging bullets and taking all the crazy red pills. This experiential learning program allows traders to test their skills, learn to manage risk, and maintain discipline while trading futures. It provides a platform for traders to learn and grow while adhering to trading rules similar to what one would expect in a live market scenario. You’ll begin to feel like a Wall Street wizard like I did(minus all the fancy suits and the dramatic power launches).

As per the assessment of 247trading experts, the responsive and helpful customer support, comprehensive educational content, and fair payout structure all add to the positive side of the TopStep Trader. It’s worth noting that the rules and objectives set by Topstep are designed to help traders like you and me to become more disciplined and avoid common trading pitfalls, which is a significant advantage in the high-stakes world of futures trading.

However, like all programs, Topstep Trading Combine has its drawbacks. Some users find the rules too stringent, suggesting they could inadvertently cause traders to trip up. The program’s cost could be a hurdle for some, and there are occasional criticisms of platform bugs( which I also find extremely annoying) and slow response times from the support team.
Comparatively, among other funded trader programs, let me give you a personal opinion on why Topstep is the bee’s knees! Picture this: you’re a trader on a quest for skill mastery in a risk-controlled environment. Well, look no further because Topstep has got your back!Their educational resources are more comprehensive than a buffet at a foodie convention. It’s like getting a Ph.D. in trading without student loans. Talk about a win-win!

We’ve heard some folks grumble about their strict rules and costs. But hey, don’t forget that Rome wasn’t built in a day, and neither is a top-notch trader.

Based on the overall positive feedback and its comprehensive approach on their program, I would recommend the Topstep Trading Combine. Happy trading, my fellow adventurers in the wild world of futures!