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Anybody heard of topsteptrader (review)


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Anybody heard of topsteptrader (review)

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  #21 (permalink)
 phantomtrader 
Reno, Nevada
 
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I tried a one week free trial. The T4 execution platform is horrible. It's like the old platforms where you need to click 10 times before you can place an order with stops, targets, etc. Very difficult to use and inefficient. I finally gave up on it. If that's the best they can come up with, then there's something fundamentally wrong with the company. The people are nice and try to be helpful, but they have alot of questions being shot at them so it's hard to get some focused help. Just my thoughts.

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  #22 (permalink)
 cory 
the coin hunter
virginia
 
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they just admit 8 new live traders.

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  #23 (permalink)
 heywally 
Pismo Beach CA
 
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phantomtrader View Post
I tried a one week free trial. The T4 execution platform is horrible. It's like the old platforms where you need to click 10 times before you can place an order with stops, targets, etc. Very difficult to use and inefficient. I finally gave up on it. If that's the best they can come up with, then there's something fundamentally wrong with the company. The people are nice and try to be helpful, but they have alot of questions being shot at them so it's hard to get some focused help. Just my thoughts.

I have no experience with them but the concept they present sounds interesting, if it is handled ethically on their side.

The T4 requirement sounded odd to me right off the bat though I guess that gives them some standardization and control.

"The Future Ain't what it used to be"
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  #24 (permalink)
 Cloudy 
desert CA
 
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Some more testimonials at "investimonials" here:

https://investimonials.com/websites/reviews-topsteptrader.aspx?page=1

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  #25 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, SC, ToS
Broker: AMP, DT, TDA
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Posts: 2,135 since Jul 2011
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I was noticing the % required to pass the combines and the % required for a live account trader to stay consistent enough in profitability to be able to receive a check. Interesting info.

2 Week Combine and Required % profit to pass to live trading
30k 8.3%
50k 7%
100k 8.5%
150k 8%

4 Week Combine
30k 13.3%
50k 10%,
100k 10%,
150k 10.7%

Live Account Trading & % profit required to receive the split check (per month? biweekly? )
$30k > 17%
$50k > 10%
$100k > 10%
$150k > 7%

Looks pretty challenging. Well, maybe not too bad for some very good traders, but requires very consistent profitability to be able to receive a bi-weekly paycheck from the profit split. "Check requests can be made on the 1st and 15th of the month." https://www.topstep.com//

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  #26 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
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Cloudy View Post
I was noticing the % required to pass the combines and the % required for a live account trader to stay consistent enough in profitability to be able to receive a check. Interesting info.

2 Week Combine and Required % profit to pass to live trading
30k 8.3%
50k 7%
100k 8.5%
150k 8%

4 Week Combine
30k 13.3%
50k 10%,
100k 10%,
150k 10.7%

Live Account Trading & % profit required to receive the split check (per month? biweekly? )
$30k > 17%
$50k > 10%
$100k > 10%
$150k > 7%

Looks pretty challenging. Well, maybe not too bad for some very good traders, but requires very consistent profitability to be able to receive a bi-weekly paycheck from the profit split. "Check requests can be made on the 1st and 15th of the month." Live Trading | Live Trading Room | Live Futures Trading | TopStep

If you could do what they require, then why in the world would you not just trade on your own? I could see if you were trading and poor, but if ANYONE has RESULTS like this, please contact me! I will be your agent! And... First investor!

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  #27 (permalink)
 Big Mike 
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bluemele View Post
If you could do what they require, then why in the world would you not just trade on your own? I could see if you were trading and poor, but if ANYONE has RESULTS like this, please contact me! I will be your agent! And... First investor!

In all seriousness, I know several people who trade much better when trading with someone elses money. So I think for certain people it makes a lot of sense.

Mike

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  #28 (permalink)
 cory 
the coin hunter
virginia
 
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Big Mike View Post
In all seriousness, I know several people who trade much better when trading with someone elses money. So I think for certain people it makes a lot of sense.

Mike

almost the same as SIM money.

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  #29 (permalink)
 dtman 
Los Angeles
 
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Trading: Futures
 
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I think its a great concept and if you are under capitalized its awesome. The only issue that I have is their Dom. Not very simple at all.

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  #30 (permalink)
 bluemele 
Honolulu, Hawaii
 
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Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
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Big Mike View Post
In all seriousness, I know several people who trade much better when trading with someone elses money. So I think for certain people it makes a lot of sense.

Mike

True. Unfortunately I have suffered from those people who then go on vacation or 'lose their mental edge' and since it isn't their money they end up sinking their investors.

Zulutrade.com is full of them. I guess it makes sense though, so I agree with you that is probably more likely someone could do it with someone else's money. For me, that works backwards in that I couldn't imagine losing someone else's dollars if I was keeping my own... Strange...

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