SO TST rep can you please clarify openly if the so called $150,000 if funded is actual $150,000 or just leveraged exposure ?
Hi @traderjo, The $150,000 in the Funded Account is your starting balance. The profits you make from that balance are what you're able to withdraw. Here is a thorough explanation on the leverage and our scaling plan: https://help.topsteptrader.com/hc/en-us/articles/220389528-What-is-the-scaling-plan- If you have any other questions, please reach out to us at support@topsteptrader.com. Thank you!
I am not asking about how to go from 30K to 50 K etc my question is if the account is called $150,000 account does that mean it $150,000 of real money or just exposure? o lets take an example: ES: what is your internal margin per 1 contract and HOW MANY ES contracts are allowed to be traded in so called $150,000 a/ct and please specify if it is day trading only or overnight as the margins will be diff. Hypothetically if we consider only $1000 per 1ES contract margin then in a $150,000 a/c trader can take 150 ES contract position as day trader meaning If the margin for 1ES is $10,000 then we can trade 15 ES at a time Do you get my point Can you please very specific
so in simple terms "150K account" -are you allowed to trade 1 ES or 150000/12000 = 12 contracts? - Because to trade 12 contracts the company will have to put up actual 150K $ in to account
Hi traderjo, Yes, you can trade 12 contracts. For $150k Trading Combine and Funded Account, the max position size is 15 contracts. As @Trader Tarik mentioned, our permitted times are in place so traders aren't stuck in positions they cannot exit. Hope this helps. Thank you!
Hi @traderjo, We have time restrictions so traders don't find themselves in positions they cannot exit. Here are more details: The Trading Combine is best for Intraday Futures traders who end their trading sessions in cash with a positive or negative Daily P/L. We require that our traders close their positions before 3:10:00 PM Central Time CT Monday through Friday and trading resumes at 5:00:00 PM CT. All positions must be closed prior to 3:10:00 PM CT. If you are trading a Futures contract that closes before 3:10:00 PM, you need to exit that market prior to the daily close to ensure you are flat for the 3:10:00 PM CT hard cutoff. Holding positions across trading days between 3:10 PM - 5:00 PM CT is not allowed in the 30K, 50K, 100K & 150K Trading Combine accounts. Thank you!
So that means in so called 150K account if a trader is only allowed to trade say 15 Es contract DAY tarding ONLY .. you as a company with your FCM is not really required to put up 12000 as a margin ? becasue day trading margin can be as low as $1000 per contract SO TST how about being very clear about this so called value of the account ARE you really putting 150,000 USD on the table for those who do pass the 150K test? It seems the 150K is only notional ! IF so why not be upfront about it Because if it was real 150K then with say $1000 per ES required by FCM then the account will be able to trade 150 contracts! or there about. It is like this : If my Introductory broker / FCM only asks for $500 margin for 1 ES for day trading I can easily fund somebody for say $300,000 NOTIONAL by only putting up $1000 but for "marketing purposes" I call it a 300K account ! that would be misleading. and out of that 1000 perhaps $200 is actually taken from the trader in the form of "Test fee"