Embark on a journey through the dynamic world of TopStep, a revolutionary trading platform that’s transforming the way traders approach the financial markets. With its unique blend of risk-free simulated environments and real-money trading opportunities, TopStep stands out as a beacon for both aspiring and seasoned traders.
This article delves into the intricate workings of TopStep, unraveling the secrets behind its Trading Combine®, Funded Account®, and the comprehensive support system that empowers traders to navigate the markets with confidence and skill.
Whether you’re a novice trader seeking a safe space to hone your skills or a veteran looking to leverage your expertise without the usual financial risks, TopStep offers a gateway to a world of trading possibilities.
Read further to learn more about TopStep, in our review we will detail its features, pros and cons with our rating, and a conclusion about why you should use it.
Click on “open” if you want to see exactly what we will talk about in the rest of this article.
Overview
What is TopStep?
TopStep is a platform designed to support and fund aspiring traders. It offers a unique program called the Trading Combine®, where traders can demonstrate their skills and discipline under real market conditions. Successful participants in this program are eligible for a Funded Account®, allowing them to trade with TopStep’s capital.
The platform emphasizes skill development, healthy trading habits, and provides a supportive community environment. Traders have the option to choose from different account sizes in the Trading Combine®, tailoring their experience to their goals.
TopStep also offers educational resources, coaching, and a range of trader support services to enhance the trading journey. The platform’s focus is on futures trading, with a clear emphasis on risk management and responsible trading practices.
TopStep specifications
Features | Certificates / Coaching Sessions / Community and Support / Multiple accounts / Resource management / Simple and Fast Payout / TopStep TV |
Best suited for | Individuals, Freelancers, Small businesses |
Website languages | Chinese / English / French / Spanish |
Website URL | Visit official website |
Support link | Support page |
Live chat | Yes |
Company address | 141 W Jackson Blvd, Suite 4240, Chicago, Illinois 60604, US |
Year founded | 2012 |
Pricing
TopStep pricing: How much does TopStep cost?
Pricing range | From $49 to $375 per month |
Pricing types | Monthly subscription |
Free plan | No |
Free trial | Yes, 14 days |
Money back guarantee | Yes, 3 days |
Pricing page link | See plans |
TopStep pricing plans
TopStep offers various pricing plans for their Trading Combine® program, each tailored to different levels of buying power:
- $50K Buying Power Plan
- Monthly Price: $165 USD, with varying rates in other currencies.
- Profit Target: $3,000.
- Maximum Position Size: 5 Contracts.
- Maximum Loss Limit: $2,000.
- $100K Buying Power Plan
- Monthly Price: $325 USD, with different rates for other currencies.
- Profit Target: $6,000.
- Maximum Position Size: 10 Contracts.
- Maximum Loss Limit: $3,000.
- $150K Buying Power Plan
- Monthly Price: $375 USD, and respective rates in other currencies.
- Profit Target: $9,000.
- Maximum Position Size: 15 Contracts.
- Maximum Loss Limit: $4,500.
These plans are designed to cater to traders with varying levels of experience and risk appetite, offering different levels of challenge and potential earnings. Each plan comes with its own set of targets and limits, allowing traders to choose the one that best fits their trading style and goals.
Features
TopStep features: What can you do with it?
Explore the diverse features of TopStep, a platform that stands at the forefront of trading innovation. This section illuminates the core elements that make TopStep a game-changer in the trading world.
From the immersive experience of the Trading Combine® to the real-world thrill of the Funded Account®, each feature is designed to enhance your trading journey. Delve into the rich educational resources, the supportive community, and the expert coaching that together form the backbone of TopStep’s commitment to trader success.
Trading Combine®
The Trading Combine® is TopStep’s flagship feature, offering a unique, two-step evaluation program that rigorously tests traders’ ability to generate profits while effectively managing risk. In this simulated trading environment, participants must adhere to a set of predetermined rules and targets, such as specific profit objectives and loss limits.
The program is structured to mimic real-world trading conditions, providing an authentic experience that hones critical trading skills like market analysis, decision-making under pressure, and strategic risk management.
Traders are evaluated based on their performance, and only those who demonstrate consistent profitability and adherence to risk management rules advance to the Funded Account® stage.
This approach not only prepares traders for the challenges of real trading but also instills a disciplined mindset essential for long-term success in the financial markets. The Trading Combine® is especially beneficial for those looking to transition from theoretical knowledge to practical trading without the financial risks of using their own capital.
Funded Account®
Upon successful completion of the Trading Combine®, traders are granted access to a Funded Account®. This pivotal feature allows them to trade with TopStep’s capital, presenting a significant opportunity to earn real profits in the financial markets.
The Funded Account® operates under a structured set of rules and guidelines, which are designed to promote responsible and disciplined trading.
Traders can withdraw their earnings up to four times a month, provided they meet the necessary criteria, including maintaining the account’s profitability and adhering to risk management protocols.
This feature is particularly appealing to skilled traders who are ready to apply their strategies in the real market but lack the financial resources to fund a substantial trading account.
The Funded Account® serves as a bridge, enabling these traders to leverage their expertise and potentially earn significant returns without the inherent risks and capital requirements of personal trading accounts. It represents a unique blend of opportunity and security, offering a platform where talent and discipline can lead to financial rewards.
Educational Resources
TopStep’s commitment to trader development is evident in its extensive range of educational resources. These resources encompass a broad spectrum of trading-related topics, including in-depth courses, interactive webinars, and informative videos.
The content is meticulously curated to cater to various skill levels, from novice traders just starting out to seasoned professionals seeking to refine their strategies.
Topics covered include advanced trading strategies, risk management techniques, market analysis methodologies, and psychological aspects of trading. These educational materials are not just theoretical; they are grounded in practical insights and real-world applications, ensuring that traders gain actionable knowledge.
Additionally, TopStep regularly updates its educational offerings to reflect the latest market trends and trading technologies, helping traders stay ahead in the rapidly evolving financial markets. This educational platform is a cornerstone of TopStep’s philosophy, emphasizing continuous learning and improvement as key drivers of trading success.
Coaching and Support
TopStep’s coaching and support system is a comprehensive feature designed to enhance the trading skills and strategies of its users. The platform offers personalized coaching, which includes both one-on-one and group sessions, tailored to meet the specific needs and goals of individual traders.
These coaching sessions are conducted by experienced traders and market experts, providing insights into effective trading strategies, risk management, and market analysis. The support extends beyond just technical aspects of trading; it also focuses on developing healthy trading habits and psychological resilience, which are crucial for long-term success in trading.
Furthermore, TopStep fosters a vibrant community through its Discord chatroom and Facebook group, where traders can engage with peers, share their experiences, and learn from each other’s successes and challenges.
This community aspect is particularly beneficial for traders looking for support, motivation, and accountability. The combination of expert coaching and a supportive community creates an environment conducive to learning and growth, making it an invaluable resource for traders at all levels.
TopstepTV™
TopstepTV™ is an innovative feature of TopStep, offering live streaming content that provides traders with insights into market trends, trading strategies, and actionable tips. Broadcasted every weekday, this platform features expert traders and market analysts who discuss current market conditions, analyze trading opportunities, and share their professional experiences and strategies.
The interactive nature of TopstepTV™ allows traders to engage directly with these experts, ask questions, and gain clarity on complex market concepts.
This feature is especially useful for keeping traders informed about the latest market developments and learning new strategies in real-time. Moreover, TopstepTV™ serves as a dynamic educational tool, helping traders to stay updated with the ever-changing market scenarios.
The platform not only enhances traders’ knowledge but also keeps them connected with the global trading community, fostering a sense of belonging and shared learning. For traders seeking to deepen their market understanding and stay ahead in the competitive world of trading, TopstepTV™ is an invaluable resource.
Conclusion
TopStep review: Why you should use it?
TopStep is an ideal platform for traders looking to develop and refine their trading skills without the financial risks typically associated with trading. The platform’s unique Trading Combine® program offers a simulated trading environment where traders can practice and demonstrate their ability to profit and manage risks effectively.
Successful traders are rewarded with access to a Funded Account®, allowing them to trade with TopStep’s capital and earn real profits. This approach not only helps in building trading discipline but also provides an opportunity to earn while learning.
Additionally, TopStep offers extensive educational resources, coaching, and a supportive trading community, making it a comprehensive solution for both novice and experienced traders.
Pros:
- Risk-Free Trading Environment: Offers a simulated platform to practice trading without risking personal funds.
- Funded Trading Opportunities: Successful traders gain access to TopStep’s capital, providing a pathway to real trading and earnings.
- Educational Resources: Extensive learning materials and coaching are available for continuous skill development.
- Community Support: Access to a community of traders for sharing strategies and experiences.
- Discipline and Skill Development: Emphasizes building discipline and improving trading habits.
Cons:
- Challenging Evaluation Process: The Trading Combine® can be difficult, especially for beginners.
- Subscription Costs: Monthly fees for participating in the Trading Combine®.
- Strict Trading Rules: Adherence to specific trading rules is mandatory, which might be restrictive for some traders.
- Limited Trading Scope: Primarily focused on futures trading, which may not appeal to traders interested in other markets.
- Performance Pressure: The need to meet specific targets can add pressure, potentially affecting trading decisions.
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