I’m here to explain if you’ve always been curious about TopStepTrader.
Imagine you want to start trading but don’t have enough money. This is where TopStep comes in. They offer something called a TopStep funded account.
It’s like a special pot of money that TopStep might let you use to trade. But there’s a catch. Before they give you access, they want to see if you’re good at handling it.
This is where the TopStepTrader trading combine comes into play. It’s a kind of challenge or test. They want to see if you can stick to specific rules and be careful with money.
Think of it as a game where you must show them you’re responsible. TopStep will trust you with their money if you play this game well.
If you make more money while trading with their money, you can use your profits to make even bigger trades. It’s like when you save up your pocket money over time and have a bigger amount to spend later.
How Long Will It Take To Get Funded With TopStep?
Okay, let’s say you’ve decided to give this a try. What happens next?
After you finish their challenge, there’s a bit of a wait. It’s not instant. Think of it as waiting for a package you’ve ordered online. It usually takes about 8-14 days. Once you’ve got everything in place, TopStep will email you, just like when your package arrives.
Here’s what you need to do during that waiting time:
- They’ll give you a special form called the Funded Account Agreement. Fill it out, and don’t forget to check your email afterward.
- There’s a cost for accessing live market details, like paying for the internet. Make sure you cover that.
- Learn the rules about using their money. It’s like understanding the rules of a new game you want to play.
Remember, they might think you’re no longer interested if you don’t do these things. It’s like not picking up that package you ordered.
What Does TopStep Funded Account Offer?
Let’s dive into what the TopStep funded account provides.
1. No-fee trading
This is a big one. When you’re still proving yourself (in their challenge phase), they let you trade without any hidden costs. It’s a bit like playing a game on a free trial. However, when you start trading with real money, there are some fees.
This platform also has different ways of showing you market data. Some are simple lines, some look like bars, and others might remind you of candles on a birthday cake.
2. Learning and Guidance
They teach you stuff for free. You can join live classes, chat with other traders, and see how the experts do it. And guess what? There are TopStepTrader coupons and maybe even a TopStep promo code to help save money.
They’ll show you how to set goals, think right, and chat with other traders. It’s like joining a club where everyone tries to be the best trader they can be.
Now, onto the costs. TopStep futures trading isn’t entirely free.
Starting, there’s a monthly fee. It’s like a subscription, similar to a magazine or an online game. It begins at $165 a month. For more benefits, it can go up to $375 a month.
Here’s a simple breakdown:
- $165 every month lets you trade with $50k.
- $325 every month lets you play with $100k.
- For $375 monthly, you can handle $150k.
You’ll have these monthly fees while you’re still proving yourself in their challenge. But here’s the good news: once the company can trust you with real money, these monthly fees stop.
But once you start the real trading, other costs might pop up, just like when you level up in a game, and things become more challenging.
Is Jumping into TopStep Worth It?
We’re nearing the end, so let’s answer a big question. Is all this worth it?
With TopStepTrader, you get tools and lessons. Imagine being handed a toolbox and a manual. The 14-day trial lets you feel things out without a commitment, like trying a new hobby.
But, and this is important, every game has rules. And in this trading game, the rules are super crucial. Knowing all about costs and how everything works is key.
Simply put, the TopStep funded account is a way for people to show they know what they’re doing in trading and get some rewards for it. It’s not easy, but nothing worth it ever is.
So, if you’re thinking about trading and looking for a chance to show what you’ve got, this might be a path to consider. Click here to get started with a TopStep funded account.
But always take your time, think things through, and ensure you understand every step. It’s always better to be safe than sorry.
Disclaimer: This article contains sponsored marketing content. It is intended for promotional purposes and should not be considered as an endorsement or recommendation by our website. Readers are encouraged to conduct their own research and exercise their own judgment before making any decisions based on the information provided in this article.