Discover all about the Topstep Trading Platform
Topstep Intro
Within the realm of funded trading, Topstep stands out as one of the leading funding companies. While there are various options in this sector, such as Earn2trade and Uprofit, it is essential to find the one that best suits your trading style.
Exploring Topstep
In this review, we will analyze whether Topstep is the most appropriate funding platform for your needs, considering its features and benefits.
Topstep Accounts and Fees
Earn2trade: 5 Key Highlights
- Flexible Funding Options
- Rigorous Evaluation Process
- Trailing Drawdown Protection
- Diverse Trading Platforms
- News Trading Allowed
Topstep offers four account types with different amounts: $50,000, $100,000 and $150,000, with monthly fees of $165, $325 and $375 respectively. Upon reaching your goals, you will stop paying the monthly fee and you can withdraw the first $5,000 without sharing profits.
Operations and Evaluation at Topstep
Topstep has simplified its evaluation process, now it only requires passing a testing phase trading for at least 4 days. It also sets daily loss and trailing drawdown limits depending on the account size.
Trailing Drawdown at Topstep
Trailing drawdown is a crucial variable in funded accounts, which Topstep calculates at the end of each day. Understanding how it works is essential to protect profits and avoid penalties during the test.
Topstep Trading Platforms
Topstep offers multiple trading platforms like TSTrader, NinjaTrader, TradeStation and TradingView, which can be used for free during the evaluation. The variety of choices makes it easy to trade based on the trader’s preferences.
Operations during News
Unlike other platforms, Topstep allows trading during news events, although caution is advised. A news calendar is provided to avoid trading during times of high volatility.
Withdrawals and Rules at Topstep
Top 5 Key Features of Topstep
- Four account types with varying funding amounts
- Simplified evaluation process with a 4-day trading requirement
- Trailing drawdown calculation to protect profits and avoid penalties
- Multiple trading platforms available, including TSTrader, NinjaTrader, TradeStation, and TradingView
- News trading allowed with caution and a provided news calendar
Topstep makes it easy to withdraw your profits, with the ability to withdraw from $100 in profit. Withdrawals are free for amounts over $500, but a $50 fee is charged for withdrawals under that amount. Additionally, a profit consistency rule applies.
Topstep Conclusions
In short, Topstep stands out as a solid choice for traders with proven strategies looking to get funded without risking their capital. With exclusive discounts available, Topstep presents an attractive opportunity for those interested in funded trading.
