I don’t think you will find a shop that will accept your free thinkorswim sim trading history and fund you. They typically want 12 months to 24 months of real account trading history with real money on the line not someone who is a TOS “free” sim trader who has never dealt psychologically with having real money on the line whether it’s their own money or Topstep’s 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
Judge by yourself: After 2 paid tests you can "manage" their money But are we sure that so called "their money" is a real statement? Well, their objective risk is in place only when you start trading for real, and it's not $150,000,000 for example, but only the max trailing drawdown ($4,500.00) So initially their effective risk is $4,500.00 at day 1 But if you start to make profit immediately the trading drawdown rules bring the initial level of $4,500.00 up to 4,500.00 minus your profit. If you are able to make 4,500.00 profit then at this point you are not trading their money for the rest of your life, but only your money since the balance is above 150k and it can't go down that level. So for the rest of your life if you want to continue trading with them, you will donate them 20% of your money. Surely it is not a god deal If you are a bit smart when you make the first 5k of profit ask them to withdraw the money they will close IMMEDIATELY your sub account THEN start trading with your 5k money Their main profits are generated not by traders that are funded, but from what you pay to pass STEP 1 and STEP 2. You pay, you fail, you pay, you fail. Each of this step allows them to become rich....
Are you sure you will be able to trade the same size with your own money? You must take into account required margin levels.
Hey, since the Micro Index Futures have become more important in term of daily volume than Mini Index Futures (MNQ is double than NQ), I am just asking if you can evaluate adding other offers regarding the micro contracts. In the image below I tried to think about it...just an idea... Regards
From your website: What happens if (for example) I am up 4k, so $14,000 in the account balance? My drawdown becomes $3,999 or it is always 1,000k? And If I break the $500 weekly loss limit when I am up 4k? You close the account and you allow me to withdraw the 80% of the amount that exceeds the $10,000? These things are not clear, please explain, thanks
Hi @quintrix, The drawdown remains $1000. If you break a rule and your account is closed, the withdrawal procedure still applies: You receive your first $5000 in profits and then 80% after. If you have further questions, please reach out to support@topstep.com. Thank you!
@Topstep If you offer a new more large combine on micros, I will subscribe it the same day it's available
I'd be curious to know how much Topstep makes from its share of trader profits relative to how much it makes from its combine service. I think that information would tell us much about where its focus lies.