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Topstep experience and review


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  #31 (permalink)
 planetkill 
New York City + NY/United States
 
Posts: 418 since Sep 2018
Thanks Given: 136
Thanks Received: 361


VirtualMark View Post
I mean, am I missing something here? They did reduce the price a while back, and also made the accounts easier to pass. Today, Topstep looks like a much better place to trade than it was a couple of years back.

They had the two step process back then, minimum trading days, expensive accounts etc. Now they're cheaper and only have a few rules. Even the daily loss is much better as it used to fail the account, but now only stops you out for the day.

Is there something I'm missing? Are Topstep's accounts worse now in some way?

Everyone can thank Apex because they are the driver of change at TopStep


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  #32 (permalink)
 jlabtrades 
San Diego, CA
 
Experience: Intermediate
Platform: Tradovate & TopStepX
Broker: Tradovate
Trading: Futures / 0dte
Frequency: Many times daily
Duration: Minutes
Posts: 189 since Jun 2023
Thanks Given: 117
Thanks Received: 152


1 Minute Man View Post
I also have a couple funded accounts through topsetp ... in regards to withdrawals what's the processing time usually from your experience

In terms of timing, all of mine have been approved within the same or next business day, and the fastest was within 1 hour of requesting it was approved.

In terms of delivery to my bank account, using the Wise app was like 1-3 biz days, but direct ACH was same or next biz day depending on when it was approved.

I haven’t been denied for any bogus reasons yet


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  #33 (permalink)
 jlabtrades 
San Diego, CA
 
Experience: Intermediate
Platform: Tradovate & TopStepX
Broker: Tradovate
Trading: Futures / 0dte
Frequency: Many times daily
Duration: Minutes
Posts: 189 since Jun 2023
Thanks Given: 117
Thanks Received: 152


planetkill View Post
Everyone can thank Apex because they are the driver of change at TopStep

I cant imagine the influx of newbie traders and more basic b/s their support has to put up with from the lower prices, but it really is nice to have a decent company with cheap prices.

Don’t get me wrong, I’m totally for the the pay what you get for camp, and paying money for quality goods, but I just can’t give up a good deal.

Maybe thats more a personality thing though, I bought my kitchen table from IKEA and love it. So if I get halfway decent value for less expensive cost then I’m a customer for life.

There are actually quite a few online simulation funding programs out there that do cater to the more expensive and white glove / luxurious experience - Im just not interested in giving them hundreds more a month when I get the same output for cheaper


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  #34 (permalink)
 LessCheck14 
 
Posts: 259 since Jun 2024


jlabtrades View Post
In terms of timing, all of mine have been approved within the same or next business day, and the fastest was within 1 hour of requesting it was approved.



In terms of delivery to my bank account, using the Wise app was like 1-3 biz days, but direct ACH was same or next biz day depending on when it was approved.



I haven’t been denied for any bogus reasons yet

Thank you guess I'll go with ACH


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  #35 (permalink)
Howard Roark
Oslo Norway
 
Posts: 449 since Aug 2018
Thanks Given: 399
Thanks Received: 551

I'm currently a 'funded' trader with Topstep and it's been a very pleasant experience so far using their TopstepX platform and the integrated copy function.

I trade 5 x 150K accounts, so even a small $200 day is $1K per day.

Only one funded account doesn't seem attractive enough to me, but when you can have 5 and leverage your results, it's pretty interesting.


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  #36 (permalink)
lightsun47
Toronto, Canada
 
Posts: 402 since May 2018
Thanks Given: 521
Thanks Received: 321


Howard Roark View Post
Only one funded account doesn't seem attractive enough to me, but when you can have 5 and leverage your results, it's pretty interesting.

But then again you also have to mention your risk also increases the same way as well....


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  #37 (permalink)
Howard Roark
Oslo Norway
 
Posts: 449 since Aug 2018
Thanks Given: 399
Thanks Received: 551


lightsun47 View Post
But then again you also have to mention your risk also increases the same way as well....

That's the beauty of it.

From my point of view, I'm only trading one account. I take the extra profits as a bonus.

On the other hand, if I were trading all 5 accounts at once and had a 2K drawdown (10K), I might have been feeling different about it. So it's a bit of a mental trick.


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  #38 (permalink)
Eratosthenes
Göttingen, Germany
 
Posts: 16 since Nov 2021
Thanks Given: 2
Thanks Received: 14

Short Question to their topstepx-platform:
Is it really not possible to set stop loss and take profit for limit oders? In tradingview it is of course possible. What a platform would it be if it wasn't, especially for day trading and scalping. But the support told me in the chat that it would be possible only for orders which already have been triggered. I hope this is a misunderstanding, isn't it??


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  #39 (permalink)
 tr8er 
Europe
Legendary Market Wizard
 
Experience: Advanced
Platform: SierraChart, BookMap
Trading: ES, CL, 6E, 6B
Posts: 678 since Jan 2017
Thanks Given: 228
Thanks Received: 722


Eratosthenes View Post
Short Question to their topstepx-platform:
Is it really not possible to set stop loss and take profit for limit oders? In tradingview it is of course possible. What a platform would it be if it wasn't, especially for day trading and scalping. But the support told me in the chat that it would be possible only for orders which already have been triggered. I hope this is a misunderstanding, isn't it??

of course can you set it in advance (go to settings and add the amount you want to risk and make)


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  #40 (permalink)
Eratosthenes
Göttingen, Germany
 
Posts: 16 since Nov 2021
Thanks Given: 2
Thanks Received: 14


tr8er View Post
of course can you set it in advance (go to settings and add the amount you want to risk and make)

But that's only a general configuration for all orders, as far as I know and IMHO thus makes sense only as a secondary safety measure. I want to set SL/TP for each order and instrument individually of course. Every Trading Platform I've used so far offers this possibility for each order seperately, many directly in the order window.


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