TopstepTrader Q & A

deltaf0rce · Jul 26, 2020

Dude you have no business trading if you have to put up $300 to trade a simulator to get someone to stake you fictitious capital that you have to grind up to earn 5k on your own which then serves as their risk less cushion meaning they never actually have to stake you. They take absolutely nothing or minimal losses which come nowhere near the amount you pledged to run the simulator. Just get a TOS account, deposit $50 and run the simulator until you know what you’re doing. Then take the trading history and shop around to real shops. This is making me want to open up a prop firm (lol) as well. Better odds than running a casino

7out · Aug 2, 2020

SelfMadeDude said:
It is your responsibility to know how the trailing DD works.

I am at a loss for words and will not engage in this nonsensical argument anymore.

If you know that after withdrawing $4500 in profits, that your balance will get reset to $0 and that an additional $1 loss will result in you losing the account then why would you withdraw the $4500? Makes no sense and IMHO and last comment on this matter, you deserve to lose the funded account.

Plan your trade, and trade your plan - this applies to profit WDs.

If a trader has a major beef with this system then do not fucking do the evaluation and trade your own god damn money -- very simple.

Stop looking for a free ride!!!!!! I'm done with this topic. This is why only 1% of independent retail traders deserve to make money -- the other wannabe crybabies should just stop dreaming of attaining success since they refuse to take responsibility for their actions or fail to do their DD.
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Sorry, but from an outsider perspective stocktrader100k makes a more solid argument here.
He explicitly explains why one company is better than another.

theOrangebarron · Aug 19, 2020

StockTrader100k said:
Not complaining - just pointing out that a few offer funding programs that (in my opinion) are substantially better than E2T, Topstep and most of the others in my opinion. Such as fixed drawdown
--why trade with a company that only offers a trailing drawdown when you can get bigger funding and a fixed drawdown. A fixed drawdown allows you to withdraw all profits to zero and still have the full funding you started out with day 1 which means repeatable full funding that is the funding company's money continually at risk whereas with a a trailing drawdown--if you withdraw all your profits then your account is closed because you have no more funding - after you make profits your trailing drawdown decreases and after you have made profits equaling your trailing drawdown then your drawdown is cut off completely and you have no more funding and its just your profits and the $0 line and you must keep your profits in the account to have a drawdown--hence you are trading with your own money from that point on and no longer trading with the funding companies money.

Funded accounts with a trailing drawdown only provide initial funding and do not provide any repeatable revolving funding - only fixed drawdowns offer repreatable full revolving funding where the trader is always using the funding companies money to trade with and hence getting paid over and over for being a consistently profitable trader using their money.

In any event its just best that traders considering using funding companies actually take the time to read the fine print and understand the real funding that they get and the differences between the outcomes of different funding account parameters and terminology.
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@StockTrader100k What firms do you rate the best to trade with? I am curious which ones offer a true fixed drawdown. I only know TST, OneUp, and E2T as the reputable firms as I am a bit new to this all

theOrangebarron · Aug 19, 2020

TopstepTrader said:
Hi @Sekiyo,

Once the withdrawal request is processed, the Trailing Max Drawdown will be automatically set to the starting account balance (the trader cannot allow the account balance to reach or go below $0 after a withdrawal).

Thanks!

Team Topstep
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@TopstepTrader can you further clarify the bit about the trailing drawdown?

So let’s say I get funded with the 150K account with a $4500 max drawdown. Am I allowed to go down to $145,500 after I withdraw my $5K in initial profits? Or do you close my account when I drop below $150K?

Topstep · Aug 20, 2020

theOrangebarron said:
@TopstepTrader can you further clarify the bit about the trailing drawdown?

So let’s say I get funded with the 150K account with a $4500 max drawdown. Am I allowed to go down to $145,500 after I withdraw my $5K in initial profits? Or do you close my account when I drop below $150K?
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@theOrangebarron

Good question! The max drawdown rises with profits. Once you've accumulated profits greater than or equal to the max drawdown, the max drawdown will remain at the initial balance of the account.

So, in this case, because $5,000 in profits exceeds $4,500, you will need to keep your account above $150,000 going forward.

Thank you!

trader221 · Aug 22, 2020

Hello .
Does Topsteptrader accept traders from Africa?

I tried to download the Topsteptrader mobile application from Senegal (west africa) but Playstore is telling me that it is not available in my country.
thank you

Topstep · Aug 23, 2020

trader221 said:
Hello .
Does Topsteptrader accept traders from Africa?

I tried to download the Topsteptrader mobile application from Senegal (west africa) but Playstore is telling me that it is not available in my country.
thank you
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Hi @trader221,

We do accept traders from anywhere. You'll want to use our web app - everything you need to get started is available here.

Let me know if you have any questions.

Thank you.

Topstep · Sep 12, 2020

You've probably heard the recent news in our industry. Topstep Founder, Michael Patak, took a moment to share some thoughts and talk about our values at Topstep. You can view the video here.

Thank you!

LCK2000 · Sep 12, 2020

@TopstepTrader If someone passes the combine and moves into Funded, and used Tradovate as the platform, is there any issue getting a funded account if you already have your own personal account with Tradovate? Didn't know if there's any rules about them not wanting someone to have 2 accounts.

traderjo · Sep 12, 2020

TopstepTrader said:
You've probably heard the recent news in our industry. Topstep Founder, Michael Patak, took a moment to share some thoughts and talk about our values at Topstep. You can view the video here.

Thank you!
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Trader is on top of you list.. he says.. great
so how about this
- Disclose if TST the funding company is a NFA member? or juts you as individual?
- Disclose if the Value of funded account is real $ or Notional?
and last but not the list
- Make the test free and hunt real talent like major prop firms do ! and fund and everybody will be a winner