Also check out our full TopStep review to see if TopStep is right for you.
TopStepTrader is a funded trader program that has been making waves in the futures trading space. It offers traders a unique opportunity to trade without risking their own capital, provided they successfully pass a series of stringent trading evaluations.
In this TopStepTrader review, we will delve into the core aspects of the platform, examining its distinctive features, pricing structure, and various ways to save on subscription costs through a discount code.
TopStepTrader’s model revolves around identifying and funding talented traders. The platform’s evaluation process is designed to test traders’ skills rigorously, ensuring that only the most proficient traders qualify for funded accounts. This system not only mitigates risk for the traders but also aligns with TopStepTrader’s goal of fostering a community of disciplined and successful traders.
In this article, we will cover everything you need to know about TopStepTrader. From the pricing options to the specific benefits of the platform, and how you can leverage discount codes to make the most of your subscription, this comprehensive guide will provide you with all the information needed to determine if TopStepTrader is the right choice for you.
What Is TopStepTrader?
TopStepTrader is a specialized funded trader program that serves the futures trading market. The primary objective of this platform is to offer traders the chance to trade in real-time market conditions without putting their own capital at risk. To achieve this, TopStepTrader requires participants to undergo a series of rigorous evaluations to demonstrate their trading acumen. Those who successfully pass these evaluations are given access to a funded trading account, where they can trade a variety of futures contracts.
The program offers compatibility with 14 different trading platforms, accommodating traders with different technical preferences and requirements. This diversity in platform support allows traders to continue using software they are already comfortable and experienced with, thereby reducing the learning curve and facilitating smoother transitions to funded trading.
One of the unique selling propositions of TopStepTrader is its educational element. Beyond just funding, the platform aims to enhance the trading skills of its participants. This is evident in the simulated account phase that traders enter after passing the initial evaluations. This simulated environment serves as a practical educational tool where traders can refine their strategies and decision-making processes without financial risk
TopStep’s Features and Offerings
Trading Platforms
One of the standout aspects of TopStepTrader is its compatibility with a variety of trading platforms. The service supports as many as 14 different trading platforms, making it accessible and versatile for traders with diverse platform preferences.
This includes popular platforms like NinjaTrader, TradingView, and T4, allowing traders to utilize the tools they are most comfortable with. This flexibility ensures that traders can maintain their usual workflow and leverage familiar features, enhancing their trading efficiency and effectiveness.
Funded Account Options
TopStepTrader is renowned for its funded account options, providing traders with the capital needed to trade without risking their own money. The platform recently introduced a 1-Step program, simplifying the funding process.
This new offering allows traders to achieve funded status more quickly by passing a single evaluation phase, reducing the complexity and time involved in getting funded. This innovation is particularly beneficial for experienced traders who can demonstrate their skills and discipline in a shorter timeframe.
Pricing Structure
The pricing structure of TopStepTrader is directly linked to the type of funded account you aim for. Various packages are designed to suit traders with different needs and budget constraints.
For instance, smaller account sizes come with lower monthly fees, making it accessible for beginners, while larger accounts require higher fees but offer more substantial capital for trading. This tiered pricing ensures that traders can select a plan that aligns with their trading goals and financial capabilities.
Simulated Account
A noteworthy feature of TopStepTrader is its simulated account, which traders use after passing the initial evaluations. This simulated trading environment allows traders to further refine their strategies and practice risk management without the pressure of real money trading. It serves as a bridge between the evaluation stage and the live funded account, helping traders to transition smoothly and confidently.
This additional layer of preparation is crucial for developing the discipline and consistency needed for successful trading.
TopStep Trader Discount Code: Pricing
TopStepTrader offers a range of membership plans specifically designed for those who are trading on simulated accounts. Each membership tier comes with its own set of requirements and benefits. These plans are designed to help traders transition from simulation trading to a funded trader status:
$50k Buying Power Plan
- Cost: $49 per month
- Profit Target: $3,000 per evaluation step
- Maximum Contracts: 5
- Daily Loss Limit: $1,000
- Trailing Drawdown: $2,000
$100k Buying Power Plan
- Cost: $99 per month
- Profit Target: $6,000 per evaluation step
- Maximum Contracts: 10
- Daily Loss Limit: $2,000
- Trailing Drawdown: $3,000
$150k Buying Power Plan
- Cost: $149 per month
- Profit Target: $9,000 per evaluation step
- Maximum Contracts: 15
- Daily Loss Limit: $3,000
- Trailing Drawdown: $4,500
TopStep Trader Discount Code
There are currently no Topstep promo codes that can be applied during the subscription process. However, there are alternative ways to receive a discount on their services.
For instance, Modest Money provides a unique link that offers a 60% discount on TopStepTrader subscriptions. By using this link, prospective traders can avail themselves of a significant reduction in the overall cost, making the program more affordable. It is advisable to look for such opportunities if you are considering joining TopStepTrader to ensure you are getting the best possible deal. Please note that such offers are subject to terms and conditions, and it is essential to read the fine print to understand the scope of the discount.
This 60% discount through Modest Money offers a valuable opportunity for traders who are interested in the program but may be hesitant due to budget constraints. Utilizing this alternative to TopStepTrader coupons could make the decision to join TopStepTrader easier, allowing you to focus more on honing your trading skills without worrying about the initial financial commitment.
Pros and Cons of TopStepTrader
Pros
- Supports 14 different trading platforms
- Offers a variety of funded account options
- Introduced a simplified 1-Step program
- Pricing structures to suit different budgets
- Provides a simulated account for strategy refinement
- No risk to personal capital during evaluations
Cons
- Monthly fees can be high for larger accounts
- Strict evaluation criteria can be challenging
- Limited details available on the new 1-Step program
TopStepTrader Discount Code: Final Verdict
TopStepTrader is a comprehensive funded trader program that goes beyond just providing capital to traders. Its diverse platform support, various funding options, and the emphasis on educational content make it a valuable service for both novice and experienced traders.
However, the program may not be suitable for everyone. The stringent evaluations are geared toward filtering out unskilled traders, so if you’re new to trading, you might find it challenging to get funded.
If you are a trader looking to polish your skills while having the opportunity to trade without risking your own capital, TopStepTrader could be an excellent option for you. Although there is no TopStepTrader discount code, take advantage of this link and save 60% off on this opportunity to explore the world of trading.
Related Prop Trading Firm Reviews:
Frequently Asked Questions
TopStepTrader offers a 14-day money-back guarantee for new users. If you are not satisfied with the program, you can request a full refund within the first 14 days of your subscription. This policy provides a risk-free opportunity to evaluate their services.
TopStepTrader accepts major credit cards including Visa, MasterCard, American Express, and Discover. Additionally, they support payments through PayPal, offering flexibility in how you choose to pay for your subscription.
TopStepTrader takes data security seriously, implementing industry-standard encryption protocols to protect user information. They adhere to strict privacy policies to ensure that your personal and financial data remain secure and confidential.
While it’s not necessarily a code you enter, signing up for TopStep through this link will help you save 60% on your subscription fees. These savings can reduce the financial burden, especially for traders just starting.
As of now, TopStep is not offering any specific discount codes, but you can save 60% on sign-up by using the link provided by ModestMoney.
If you encounter any issues with your payment or subscription, TopStepTrader’s customer support team is available to assist you. You can reach out to them via email or through their support portal on the website for prompt assistance.
TopStepTrader does not offer a traditional free trial. However, their 14-day money-back guarantee allows new users to try the service risk-free and get a full refund if they are not satisfied within the first two weeks.
Related Links
Source link
