Topstep Review For Trading Beginners

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Topstep is another prop firm on the market, allowing investors to trade different futures through their terminal. Customers use the company’s money while paying an entry fee for maintenance purposes.

You can trade through TopstepFX as well, with slight differences. But the main topic today will be the Topstep review.

Topstep is a brand of Topstep LLC, registered in the US. However, since the company allows traders to invest their own money coming from liquidity providers, they don’t fall under CFTC or SEC supervision. Simply said, Topstep regulation is not necessary.

Once you start your journey, you will have clearly defined amounts you can use for trading and the amount of money you can lose during the day without incurring penalties. Before you start, you will, of course, have to undergo the evaluation process and prove profitability as well as risk management skills.

If you show yourself as a worthy partner, the company will top up your account, and you will be ready to start the Topstep Funded Traders program. If you have any more valuable information you’d like us to share, feel free to get in touch.

Topstep is pretty much borderless when it comes to offering its services. However, according to traffic research, the majority of their customers come from:

At the moment, this company provides access to several terminals. You can choose between the following Topstep trading platforms – TSTrader, NinjaTrader, and Quantower.

TSTrader, also known as TradeStation, is a great solution for advanced traders as it contains professional-grade tools and offers a wide range of assets. However, the layout is not user-friendly, which can be slightly confusing for new investors. 

On the other hand, NinjaTrader is great for futures trading and contains powerful analytical tools. However, its usage is limited to futures and options. Finally, Quantower is multi-asset software enabling in-depth market analysis, working through open C# API integration with major IDEs.

It should be noted that TSTrader and NinjaTrader have no platform fees for SIM accounts, while the latter has a discount on the Funded account. However, there’s a commission of $0.79 per contract on the TSTrader and $0.53 per contract on the NinjaTrader. As per Quantower, there’s also a commission of $0.53 per contract.

We’ve seen several announcements of introducing well-known MT4 to Topstep, but so far, this idea wasn’t realized.

At present, there is only one available trading asset – futures. Clients can trade the following:

If you choose to trade on TopstepFX, you will gain access to major and minor currency pairs. The maximum leverage for all assets is 1:100.

Let’s take a look at three different Topstep account types and see how they fit your trading needs.

Once you go through all the phases of Trading Combine and prove your profitability and risk management level, you can start earning from trading through a Funded Trader account.

In order to go to the next step, you have to reach profit targets of $3,000, $6,000, and $9,000, respectively. There’s also a limit of 5, 10, and 15 contracts per account and maximum allowed daily loss, standing at $1,000, $2,000, and $3,000.

Before paying the monthly fee, you can test the Topstep Demo account. You can get familiar with trading software, whichever you choose, and learn how to trade. You can also get more information about the desired program and the expectations from you during the Trading Combine phase.

Once you’re confident enough, you can choose one of the three accounts and start your test. When you switch to a Funder Trader account, the company will allow you to keep 100% of your first $5,000 profit, while later, you’re entitled to 80-90% of any sum you make. This part is a bit confusing as different web sections show the different percentages you keep.

Another thing we have issues with is the lack of information about Topstep withdrawals. The company has listed the following available payment methods:

However, there are no lists of fees or anything else.

If you’re experiencing any trouble with your Topstep account, you can try and speak directly to the company. They’re offering WhatsApp support, as well as contacting them through a web form.

Otherwise, you can reach out to Global Fraud Protection to report any potential issues. We’ll evaluate your case during a free consultation and find a way to assist with the matter promptly.

Topstep is a prop firm offering experienced investors with a proven track record money to invest. If you experience any issues during withdrawals, let us know.

Topstep offers three different trading platforms – TSTrader, NinjaTrader, and Quantower.

The minimum subscription amount for the Trading Combine phase is $165 per month.

Topstep is a prop firm offering experienced investors with a proven track record money to invest. If you experience any issues during withdrawals, let us know.

Topstep offers three different trading platforms – TSTrader, NinjaTrader, and Quantower.

The minimum subscription amount for the Trading Combine phase is $165 per month.

The post Topstep Review For Trading Beginners appeared first on Global Fraud Protection.

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