How to Make Money on TopStep: A Full Guide

Funded trading

TopStep has developed Trading Combine, an experimental training and assessment program for futures traders. Before you can start trading using the company's capital, you must prove your skills on a simulation account, for the use of which a monthly fee is charged. The fees for Topstep are set depending on which program is chosen by the user. The fees start at $165 and go up to $375.

There are four different plans available on Topstep that offer the same features with different account parameters such as profit goal and maximum drawdown. For example, on a $50,000 account, the maximum drawdown is $2,000 and the profit target is $3,000. Traders also pay a one-time account activation fee of $149.

The process of assessing a trader's skills takes between 35 and 45 days (depending on the chosen tariff). This is enough time for the prop firm to assess your knowledge and see how well you are able to perform in different circumstances.

If you fit TopStep's performance criteria, the firm will offer you access to a funded account ranging from $50K to $150K. Profit sharing between affiliates and the pro firm is done as follows: the trader keeps 100% of the profits from their first $5,000 and 80% of anything they earn after that.

TopStep promises traders personalized statistics and tips to improve performance, in-depth educational materials including videos, blogs, podcasts with useful information, e-books, glossaries, etc., and access to TopStepTV. On weekly live broadcasts, company experts discuss the latest news, provide tips and up-to-date community statistics, thank top partners, and more.

Affiliate program

One of the key features of TopStep is the availability of an affiliate program. The company provides users with all the necessary tools, including marketing materials, promotion methods and strategies. For each person who registers on the site using your referral link, you get a guaranteed bonus. TopStep affiliates receive a base commission of 15% for all referral purchases, including Trading Combines and Resets.

According to the latest data, affiliate payouts for 2023 totaled $9 million dollars. The company now has over 300 active affiliates on its account.

But to become a really effective and efficient fund trader, you need to adhere to the following rules:

• Practice on a demo account or a real account with small capital. To make yourself known and join the ranks of TopStep funded traders, do not rush to buy a subscription right away. First, hone your skills by trading on a demo account. This step will allow you to improve your trading strategy and analyze the main mistakes.

• Study the necessary basic information. You can't do without knowledge in this business, so study the key terms, understand the principles of technical and fundamental analysis, the basics of risk management, etc.

• Learn to control your emotions. Many people ignore the importance of this point for some reason, but in the sphere of proprietary trading you should learn not to be influenced by emotions, because the price of a mistake is very high. Responsible approach to the capital of a financial organization is very important.

• Analyze your trading operations regularly. This approach will help you to understand what you are really good at, and what points require more careful consideration. Moreover, it is much more effective to learn from your own mistakes than from other people's.

• Decide on a trading strategy. It should fit your goals, style and comfort level.

TopStep is great even for beginner traders who can't yet boast a lot of experience and in-depth knowledge. All you need to get funding is to show good trading results on a simulation account. The larger the amount you apply for, the stricter the selection conditions are. For example, a $100,000 funding candidate is required to meet a daily loss limit of $2,000. This limit is necessary to instill discipline and teach the trader proper risk management. If the daily loss limit is reached or exceeded on one of the trading days, the account will be automatically liquidated before the end of the session, but you will be able to continue trading the next day without any rule violations or penalties. As you can see, TopStep has absolutely loyal conditions for traders.

When choosing the best way to earn money on TopStep, focus solely on your own goals. If you do not have impressive starting capital, but you have a desire to earn from trading, improving your skills, TopStep is an excellent springboard for a start. And the company's affiliate program will be a great tool to get additional profit.