Topstep Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of Topstep trading signals. You will learn what kinds of trading signals Topstep offers and what the conditions for using them are.
Short introduction of Topstep
Topstep is a leading proprietary trading firm offering traders the opportunity to trade futures contracts. With a unique two-step evaluation process, traders can prove their skills on a simulated account before potentially receiving funding for live trading.
Topstep offers three account sizes: $50,000, $100,000, and $150,000. Regular pricing starts from $165/month, with frequent discounts available. Traders can leverage up to 1:100 and access diverse futures markets, including stocks, commodities, crypto, bonds, and metals. Commissions and fees charged on the Trading Combine (simulation account) align with those on a live funded account, helping traders develop skills for real markets.
Topstep supports traders with educational resources, including free group coaching, to enhance their chances of success.
| 💰 Account currency: | AUD, CAD, COP, GBP, JPY, EUR, MXN, and USD |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:100 |
| 💱 Spread: | Float |
| 🔧 Instruments: | Futures of the CME group: for stocks, commodities, bonds, and metals |
| 💹 Margin Call / Stop Out: | The broker closes all open positions automatically every Friday |
Topstep Pros and Cons
👍 Advantages of trading with Topstep:
•Real trading accounts are financed by a broker, there is no need to invest your funds in trading.
•The company provides a wide range of free training materials, including free group coaching.
•You can contact the support team using several convenient methods.
•The broker offers a referral program for extra income.
👎 Disadvantages of Topstep:
•The company doesn’t offer bonuses, automated trading, or other passive income options.
•The support service works only on weekdays during set hours.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
Topstep Trading Signals
The experts at the Traders Union inspected this broker looking for hidden fees and to establish the size of the commissions for trading and non-trading operations. No hidden fees were found. The withdrawal fee is $50; if the fee exceeds $500, the fee is paid by the brokerage company. There are no fees for using the trading platform, quotes, or other Topstep services. When opening a Trading Combine account, the trader is charged a monthly fee of $165, $325, $375 for futures trading. It is impossible to identify the minimum spread indicators since Topstep has a floating spread and its size depends on the volatility of a particular asset. The commission for 1 standard lot is $8. If you have chosen a different base currency, the commission is automatically calculated based on the current exchange rate.
| Account type | Spread (minimum value) | Withdrawal commission |
| Trading Combine | from $8 | Withdrawals are not available |
| Funded Account | from $8 | If the commission is up to $500, the trader pays a withdrawal fee of $50. A fee of $500 or more is paid by TopStep |
Conclusion
Analysis of trading signals provided by Topstep showed that the broker offers a good investment program. The company provides very good trading conditions for trading signals, a wide choice of instruments, for which the signals are provided, and many options for receiving them. Topstep trading signals are reliable. However, keep in mind that even the most reliable investment program carries the risk of possible loss.
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FAQs
Can I lose money by trading signals?
Keep in mind that there are no ideal trading signals and trading signals may lead to a loss of funds. There are always risks.
Are there fees charged for trading signals?
Yes. As a rule, the fee is charged as a markup to the spread, or it could be a subscription fee, or a percentage of the profit, etc.
How are the signals provided via a newsletter?
A trader regularly receives trading signals to his/her email or personal messages in the account. As a rule, they are provided in the form of a report with screenshots of technical analysis.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.