Topstep (topsteptrader.com) is welcoming traders to their platform with $50 off with a referral link (provided below). You’ll also enjoy a $50 bonus credit for every person you successfully refer to the funded trader program. More investment promos here. More referral deals here.
It doesn’t matter if you’re a novice or an expert. Topstep will support your development as a trader without putting your own capital at risk. It’s designed to help you practice managing risk, hone strategies, and profit consistently. Eventually, you might qualify for a funded trader account. Let’s dive into Topstep and their current offers below.
|Traders who qualified for Topstep capital||8,000+|
|Funded accounts||1,020 in 2018|
1,764 in 2019
5,000+ in 2020
|Withdrawals processed in 2020||$2,000,000+|
Topstep $50 Off & $50 Referral Credits
Use our referral link to get $50 off your first account.
Refer your friends to Topstep, and get a $50 bonus credit for every person who signs up for a Trading Combine with your unique referral link. You will receive your bonus within seven days of your referral’s qualifying purchase, and it will automatically apply to your next Topstep purchase.
To participate, you must have a Topstep profile. Find your unique referral link on your referral dashboard.
How Topstep Works
If you show you can manage risk and prove that you can make profit with Topstep, then you’ll qualify to trade with Topstep capital on a funded futures trading account. Here’s how it works:
Free 14-Day Practice Account
Start trading with $150,000 on a practice account. No credit card is required. If you feel like you’re ready to enter the Topstep Trading Combine challenge (to qualify for a Funded Trading Account), you are welcomed to skip this step.
Topstep Trading Combine: Step 1
When you enter the Trading Combine, you can take all the time you need to reach the goal. Keep in mind, however, that you have to pay the subscription fee every month (until you meet the target or cancel your subscription):
|SIMULATED FUNDS||SUBSCRIPTION FEE|
The rules – profit target, maximum position size, daily loss limit, and the trailing maximum drawdown – will vary, depending on your subscription choice. It is possible to reset the balance and the rules of your account for $99. This reset fee is in addition to your monthly payment.
Should you pass the challenge, the starting balance of your Funded Trading Account will match the subscription amount you chose.
Topstep Trading Combine: Step 2
Once you finish Step 1, you will enter into Step 2 of the Trading Combine. You’ll start again with your chosen starting balance, but the rules will be slightly different. You’ll have fewer contracts and harder rules to achieve the same profit target you met in Step 1.
As in Step 1, you can reset your account as many times as you want, with an additional fee of $99 per reset.
Topstep Funded Account
If you made it this far, congratulations! Topstep will give you a Funded Trading Account to trade with real money. The concession? They’ll keep the first $5,000 in profits, plus 80% of the money you make thereafter.
A funded account lets you have more products to trade with, but you are now responsible for the data fees charged by the exchange:
Commission fees will also apply, depending on the trading platform you use.
Withdrawals can be made at any time, but it will take about seven business days to process. Payouts of $500 or higher do not incur any wire fees. Payouts less then $500 will have a $50 wire fee.
Topstep Education & Coaching
Topstep provides a free interactive chatroom to discuss ideas and experiences with fellow traders. Members also have complimentary access to:
- Daily live trading classes
- Live trading by professionals
- Trading performance coaching in real-time
- Trading psychology lessons
For personalized growth, you might want to consider the Topstep Performance Coaching Plan. It includes one-on-one sessions with your Performance Coach, who offers advice and guidance by pinpointing your strengths and neutralizing your weaknesses. The Performance Coaching Plan includes:
- One 30-minute kickoff session with your coach
- Personalized advice to develop your trading strategy
- One free Trading Combine reset per month
- Daily meeting and weekly one-on-one
- Private trader group chat
The Performance Coaching Plan costs $395/month, but is completely free once you’re a funded trader.
Topstep is a good fit with investors who have low capital and who are looking to trade with other people’s money for a share in profits. The platform will fund your trading account, provided you pass their Trading Combine challenges and you agree to let them keep your first $5,000 in profit, as well as 80% of the money after that. If that sounds like something you’d be into, sign up for a Topstep account with this referral link to get $50 off your first account.
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