Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
It looks like it has changed a bit and that you can request to upgrade to a funded account anytime before you reach the 5k. From the FAQ
"Once you choose the Pro Account, you transition into a Premium Funded Account when you
have reached $5,000 in simulated profits. If you have profits and would like to transition before
you reach the $5,000 threshold, you can do so by contacting our funding team."
Also, if you build up some profit in the Pro account and want to cash out, they transition you to a funded account and close the account and send you the $. Also from the FAQ
"If for any reason, you decide to completely close your account with TopstepTrader prior to
reaching $5,000 in simulated profits, we will close your Pro Account and deposit funds equal to
your simulated profits in a Premium Funded Account. We can then process your withdrawal
request and close your account."
Thoughts anyone? I passed Step2 in the 150k account today and have to decide Monday or Tuesday on Pro or Funded. Seems to me that the only difference with these new details is that I don't have to pay data fees for now. Thanks in advance!
Felicitations on passing the combine! Good to know.. I think if you are ready, the threshold is limiting.
You may gain more than required.. Not sure whether that extra amount carries over.
I like having the pro account option, since the risk of making over the threshold limit accidentally is not high.
My reasoning is really that I am still in a transitioning / experimental phase.
My development feels more free and forgiving knowing that I can return to step 2 with minimal damage.
Then with real money, after all the thoroughness of validating a more robust system, I might feel less shaken and more confident.
Stronger sea legs for the pirate matey.. and then viola.. like Ben Lichtenstein might say, we arrr ready to do it to it..
and other stuff like.. if you wanna be here for the good times.. you gotta be here for the bad.. hehe
As you list your platform as Ninja, you would be able to carry on licence free in the Pro account according to that FAQ link.
Also I assume commissions stay at the Combine $3.70 RT too.
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
Getting funded with Topsteptrader is possible. It takes time and might require a few resets but it's possible. I have done it and was able to withdraw $1000 before blowing up the account. I have attached screenshots of the two combine that I passed on the 50K account. It had cost me about $1000 for a few months of subscription and two resets and I made my money back.
What i gained was a ton of experience, hundreds of trades, lots of winners as well as lots of painful losers. I now have a list of my weaknesses.
I am looking forward to sign up for bigger account but debating if I should do with Topstep or Oneup.
PS: I used Tradestation, which was free to use but paid $105 professional data fee.
OK, with fast markets TST has better feeds, might want to consider this issue if you don't want slippage, not sure about the fidelity here though.. something is amiss..
However, some others allow micros to be traded, and quite useful in times of higher vol
micros seems to be the way to go right now, within the limits this is actually more sane with the volatility