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Anybody heard of topsteptrader (review)

  #850 (permalink)

Leeds UK
Trading Experience: Intermediate
Platform: FXTrade
Broker/Data: Interactive Brokers, CapitalSpreads, Oanda
Favorite Futures: GBP/USD
Tymbeline's Avatar
Posts: 429 since Apr 2015
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Pedro40 View Post
If you have 100K on your account but your wife says you have to close your account if you lose 3K, then practically you have a 3K account. The same with TST. They can claim you have a 30K account but if they kick you out after losing 1.5K (or whatever the current limit is) than you have a 3K account.

I hear you, and of course have seen many forum members saying this (both here and elsewhere), but I still think it isn't quite right, Pedro, because of a point it omits: that "$3k account" is one that has trading facilities you wouldn't realistically have with your own $3k.

I do think, however, that TST's nomenclature is unfortunate: they could perhaps have avoided these public discussions by referring to it as a "3-contract account" rather than as a "$30k account", etc.(?).

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