Topstep Trading Combine: fees, benefits of joining
Topstep Trading Combine is a program offered by Topstep, a prop trading firm, that allows traders to prove their skills and potentially earn funding to trade with the firm's capital. The program involves passing a series of trading simulations, known as "steps," and meeting specific performance criteria, such as maintaining a profit factor above a certain threshold.
There are Topstep Challenge fees associated with joining the program and participating in the steps. Still, successful completion can lead to significant benefits, such as the opportunity to trade with substantial amounts of capital and access to proprietary trading tools.
Topstep Website
What is the Topstep Challenge?
The Topstep Challenge is a program offered by Topstep, a prop trading firm, that allows traders to demonstrate their skills and potentially earn funding to trade with the firm's capital. The program involves passing a series of trading simulations, known as "steps," and meeting specific performance criteria, such as maintaining a profit factor above a certain threshold.
| FTMO | SurgeTrader | Topstep | |
|---|---|---|---|
| Fees | EUR 155 | $250 | $165 per month |
| Account Currencies | USD, EUR, GBP, CZK, CAD, AUD, CHF | USD, EUR, GBP, CZK, CAD, AUD, CHF, JPY | USD, EUR, GBP, CZK, CAD, AUD, CHF, JPY |
| Number of Trading Days | 30 trading days | No minimum number of trading days | Minimum 5 trading days |
| Payout Ratio | 80:20 | 90:10 | 90:10 |
Why join the Topstep Trading Combine?
Topstep Trading Combine is a major part of the Topstep Challenge. Joining the Topstep Trading Combine can prove to be extremely beneficial. The major reasons to join the Topstep Trading Combine include:
Proven funding;
Faster payouts;
Free coaching.
Apart from all the benefits mentioned above, you will also get extra support to clear the Challenge.
Best Forex Prop FirmsHow to complete the Topstep Trading Combine?
To successfully complete the Topstep Trading Combine challenge, you must diligently follow the information given below. Every step is crucial in passing the Topstep Trading Combine. Below are all the details that will help clear the Topstep Trading Combine easily.
Stages of Topstep Trading Combine
The Topstep Trading Combine consists of two stages, or "steps," that traders must pass to complete the program successfully. Follow the Topstep challenge rules to clear the challenge.
Topstep Trading Combine fees
The Topstep Trading Combine fee ranges from $165 to $375. The amount depends on your account type and is a recurring fee.
An example of successful completion of the Topstep Trading Combine
A trader named John joins the Topstep Trading Combine and successfully passes all the steps. He demonstrates consistent profitability while adhering to strict risk management guidelines. As a result, he earns a Funded Trader status, is granted access to trade with Topstep's capital, and receives a percentage of the profits. John continues to trade successfully, and over time, he grows his trading account and earns a significant return on his investment.
Best Forex Funded AccountsThe Topstep Challenge: Top 5 tips
Here are some of the significant tips to follow to pass the Topstep Combine Funding challenge:
Understand the program requirements: Before starting the program, it's essential to understand the performance criteria that must be met to pass each step and ultimately earn funding. This includes maintaining a profit factor above a certain threshold, adhering to strict risk management guidelines, and more.
Develop a consistent trading strategy: To pass each step, traders must demonstrate consistent profitability over time. This requires a well-developed and consistent trading strategy adaptable to various market conditions.
Practice good risk management: The Topstep Challenge places a strong emphasis on risk management, so traders must demonstrate that they can consistently manage risk while maintaining profitability.
Learn from your mistakes: The Topstep Challenge allows traders to learn from their mistakes. Traders should review their performance, identify areas for improvement, and use this feedback to adjust their strategy and improve their chances of success in the next step.
Topstep Trading Combine
Difficulties with passing the Topstep Challenge
Traders may face several difficulties when completing the Topstep Challenge:
Consistency: Demonstrating consistent profitability over time is one of the critical requirements of the Topstep Challenge. This can be difficult for traders who need more consistency in their trading strategy or struggle to adapt to changing market conditions.
Risk management: Traders who need help managing risk effectively may find it difficult to pass the program's performance criteria and earn funding.
Emotions: Emotions such as fear and greed can lead to impulsive decision-making and can negatively impact performance.
Time constraints: The Topstep Challenge is based on a limited time frame, which can be challenging for traders who want to take their time to evaluate the market and make informed decisions.
Trading psychology: A trader's mindset is a critical element of success. Traders who need help with self-doubt or lack of confidence may find it difficult to pass the program's performance criteria or to maintain consistency in their trading strategy.
FAQs
What is the Topstep Trading Combine?
The Topstep Trading Combine is a program offered by TopstepFX. This program allows traders to reach their trading goals without breaking the rules. It is compulsory to achieve the profit target upon program completion.
How much does it cost to join the Topstep Trading Combine?
Since Topstep Trading Combine allows you to trade the Permitted products, you will need to pay $464 or $488 per month as the fee.
How long does it take to complete the Topstep Trading Combine?
Topstep Trading Combine usually takes between one to two weeks.
What are the benefits of completing the Topstep Trading Combine?
Successful completion of the Topstep Trading Combine can lead to significant benefits such as the opportunity to trade with substantial amounts of capital, access to proprietary trading tools, and earning a percentage of the profits.
Team that worked on the article
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.
He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.
Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.