TopstepTrader Review: Is It Worth It?

Are you looking to become a successful trader but don’t have the capital to start? TopstepTrader might be the solution for you. TopstepTrader is a trading platform that provides traders with the opportunity to trade with a funded account. In this review, we will take a closer look at TopstepTrader and determine if it’s worth your time and money.

What is TopstepTrader?

TopstepTrader is a Chicago-based trading firm that provides traders with the opportunity to trade with a funded account. The company was founded in 2012 by Michael Patak, who had a vision of helping traders achieve their goals without risking their own capital. TopstepTrader offers two types of accounts: the Trading Combine and the Funded Account.

The Trading Combine

The Trading Combine is the first step in becoming a funded trader with TopstepTrader. It’s a simulated trading account that allows traders to practice their trading strategies without risking their own capital. The Trading Combine has different levels, each with its own rules and requirements. Traders must pass each level to move on to the next one.

The first level of the Trading Combine is the $50,000 Trading Combine. Traders must pay a fee of $150 to participate in this level. The objective of this level is to reach a profit target of $2,000 while keeping the maximum drawdown below $1,500. Traders have 10 trading days to achieve this goal.

Once traders pass the $50,000 Trading Combine, they can move on to the $100,000 Trading Combine. This level requires traders to reach a profit target of $4,000 while keeping the maximum drawdown below $3,000. Traders have 20 trading days to achieve this goal.

The final level of the Trading Combine is the $150,000 Trading Combine. Traders must reach a profit target of $6,000 while keeping the maximum drawdown below $4,500. Traders have 30 trading days to achieve this goal.

The Funded Account

Once traders pass the Trading Combine, they can trade with a funded account. The Funded Account has different levels, each with its own rules and requirements. Traders must pass each level to move on to the next one.

The first level of the Funded Account is the $50,000 Funded Account. Traders must pay a fee of $375 to participate in this level. The objective of this level is to reach a profit target of $5,000 while keeping the maximum drawdown below $3,000. Traders have 60 trading days to achieve this goal.

Once traders pass the $50,000 Funded Account, they can move on to the $100,000 Funded Account. This level requires traders to reach a profit target of $10,000 while keeping the maximum drawdown below $6,000. Traders have 60 trading days to achieve this goal.

The final level of the Funded Account is the $150,000 Funded Account. Traders must reach a profit target of $15,000 while keeping the maximum drawdown below $9,000. Traders have 60 trading days to achieve this goal.

Is TopstepTrader Worth It?

TopstepTrader provides traders with a unique opportunity to trade with a funded account without risking their own capital. However, it’s important to note that TopstepTrader is not for everyone.

Firstly, TopstepTrader is not a get-rich-quick scheme. Traders must pass each level of the Trading Combine and the Funded Account to become a funded trader. This requires discipline, patience, and hard work.

Secondly, TopstepTrader is not free. Traders must pay a fee to participate in the Trading Combine and the Funded Account. The fees range from $150 to $375, depending on the level.

Lastly, TopstepTrader has strict rules and requirements that traders must follow. Traders must adhere to the rules and requirements of each level, or they risk being disqualified.

Pros and Cons of TopstepTrader

Pros:

1. Opportunity to trade with a funded account without risking your own capital.
2. Provides traders with a structured path to becoming a funded trader.
3. Offers a simulated trading account for traders to practice their trading strategies.
4. Provides traders with access to a community of traders.

Cons:

1. Not a get-rich-quick scheme.
2. Fees range from $150 to $375, depending on the level.
3. Strict rules and requirements that traders must follow.
4. Traders must pass each level of the Trading Combine and the Funded Account to become a funded trader.

Conclusion

TopstepTrader provides traders with a unique opportunity to trade with a funded account without risking their own capital. However, it’s important to note that TopstepTrader is not for everyone. Traders must have discipline, patience, and hard work to pass each level of the Trading Combine and the Funded Account. Additionally, traders must pay a fee to participate in the Trading Combine and the Funded Account, and they must adhere to strict rules and requirements. Overall, TopstepTrader is worth considering for traders who are serious about becoming a funded trader and are willing to put in the work to achieve their goals.