You clearly missed the point. If one funds his own account with $999, then you have $999 to lose before your account get's to 0. If you buy $100K combines you spend $99 on each combine, you get $3K draw down with each one. So by the time you have lost $999 of your own money on the combines, you had to go through $30K of draw down. Even if one only succeeds on the very last combine of those 10, after spending $999, you still get more draw down ($3K), than you would have had if you put that $999 in your own trading account.
If you buy $100K combines you spend $99 on each combine, you get $3K draw down with each one. Agreed but one can do that y sim also without paying 999 Also even after getting funded the fact is many of these firms don't send you orders to real market! and pay the winners from Failed Fees AKA hamster wheel ,,, so fundamentally it is skewed and dishonest model... TRUE prop firms hunt talent on their own and take on real market risk no gimmick of discount weeks and all the BS , and all the failures and scams, Most of them build on solid Tech/ Quant/ Technology Automation
Fact remains that you get $3K draw down for $99 and you can withdraw the profits made in the funded account, either XFA or live account. Something which is impossible in a sim account at a broker. Topstep does give well performing traders live accounts (I have one and I confirmed that the orders actually do go in the orderbook), but I don't care where the money comes from, as long as I get paid. I am in the market for me, for my profits, as long as I get paid I am fine. If that money comes from losing traders at Topstep or a losing trader on the other side of my trade, as long as I get paid I don't really care. Everyone know these firms aren't traditional prop firms, so there is no point in comparing them.
I don't care where the money comes from, as long as I get paid. That is fine if it is coming from other "Market participant in a true exchange" but the money is coming from something else the carrot fees and that is very questionable . but obevuiously you don't care Also from long term point of view you want the business to survive on good traders not on failed traders fees ... These are pretend Props not everybody knows ...Why do they even call Prop Any way hope one day regulators start having a real hard look at all this
There is a flaw in your analysis... If you had only $999, you would never get to a $3K drawdown in the first place, which is why the combines are BS. You have ZERO advantage to doing a combine, because they are unrealistic and do not reflect the real-world of trading real money.
Be aware that it’s all personal opinion only, and just pasted in here from some affiliate link-farm “review”-site.
The comparisons are the key. I never knew that TPT had waived the $130 activation fee. That's a big plus.
True, but they still have a daily loss limit that loses you the account, no news trading and trailing draw down in the funded accounts. I'd prefer a setup fee over these kind of rules .