Ok, thanks. And what do they mean by : "Phone call with Funding Department to discuss your trading plan." Is it a critical interview? I am from france. Is it a problem ?
I had the chat a few years ago. Assuming it's the same now,you just have to state your basic strategy for placing trades. At that point you are already selected,they just want some one with a plan.
No; but understandably enough they like to verify people's identities and to hear their voice, before giving them a funded account. They have funded traders all over the world. (I think probably they have a legal obligation to verify people's identities, actually, at some stage.)
Ok. Thanks. Sounds all right. I'll prepare a song. They'll then say, OMG, This is the Voice ! Oh Yeah. Thanks Xela for your diligence.
Very wise. If it doesn't do the trick, you can always re-use it for next year's Eurovision Song Contest: it can only be an improvement on this year's offerings.
I used the CTS while trading prior combines, it's a decent platform and quite functional. It took a few "fat finger" mistakes before I got used to it, so my recommendation is to go through the video tutorials before placing a trade. Regarding fees, my understanding is you will pay $25/month if you want their charts (only for the LIVE account, the charts in the combine are free). I use TOS charts however I'd probably go with CTS charts as a backup. They also have a webtrader and mobile version, at a reduced cost than the desktop. In the live account, you also pay the $85/month "professional" data fees. You can review the prices for CTS and CME here: http://www.ctsfutures.com/t4_version.aspx http://www.cmegroup.com/market-data/distributor/files/schedule-5-cme-group-fees.pdf
Thanks for the information. From TST funded account fees link, https://topsteptrader.desk.com/customer/en/portal/articles/1971631-funded-account-fees I can see that they charge 1$ RT for CTS. That is the transactional way to pay for it. Actually you got to choose the minimum. As you said. It's either 25$ (Basics) or 200$ (Advanced). Which corroborate with that link, they say T4 is "free" (No monthly Costs). https://topsteptrader.desk.com/customer/en/portal/articles/2283497-platform-comparison Actually I use X_Trader as my main plateform. But they don't provide it. So maybe I'll use NT for execution. Then do everything else with X_trader. Got to see what's cheaper. CTS T4 because I use mainly the DOM. Use no special charting. It's said that the best DOM among these platform is CTS. However 85$ a month for the data is EXPENSIVE. That's what it takes to be a pro XD ...
Nice find on the Funded Trader pricing fees. Look at the costs as fixed plus variable. The fixed costs with CTS is $25/month (plus the $85 per exchange). If you trade CL, it will cost $4.92 per contract round turn. So the monthly variable costs depends on the # of contracts traded. Other benefits include: 1. No license required 2. OCO orders held ON SERVER SIDE, unlike NT (unless you get the add on feature for $60/month to hold NT orders on a server) 3. CTS also provides the data Regarding the $85, you're considered a "professional" trader even though you're trading a backed account. It's the same b.s. with equities prop firms, where you have to pay "professional" rates for data because you are a licensed trader. With TST, you don't even need the Series 3, but you're still considered "a professional trader."