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San Diego, CA
Posts: 1 since Apr 2020
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It's kind of sad how obvious it is that TopStepTrader wants people to fail.
Obviously, I get having risk rules, daily & weekly loss limits, contract size limits...but here's the problem.
Their TST Platform (built on Tradeovate) has removed functionality to adjust risk settings that innately exists on the Tradovate's platform. I use Tradovate for my personal account, so I use this feature.
So why would a company that wants to find good traders, specifically ask Tradovate to remove the ability to set daily, weekly and position size limits.
Because they don't actually care about whether you can profit or not. They just want your monthly fees.
Trading is hard enough. Let a person's profits prove whether they should be funded or not, don't purposely make it more difficult on them to remember your rules by removing functionality that already existed.
Another example of this immoral business practice is trading the forward contract. Obviously this is something any decent trader should do and be aware of. But, If you break this rule with TST and don't adjust it within reasonable time. They'll end your funded account. Clearly, if they know you've made the "mistake", then they have the data to know you're trading the wrong contract, so why not just have automatic emails that are sent out to traders, rather than closing their funded accounts? Because they want you to go through the combine again...
This company's ethics are non-existent.
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