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Anybody heard of topsteptrader (review)
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Anybody heard of topsteptrader (review)

  #621 (permalink)
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N0vocane View Post
Guys I want you all to know my experience with TopStep. I was given a discount code by a funded member in a newsletter. I used this discount code to purchase a $150,000 combine. I completed the combine by following all the rules and making a little over $9000 in profit.

I emailed the funding department and asked to be moved forward in the process. Mick responded and told me the promo code I used was not supposed to be given to me therefore he was closing my account and not moving me forward. According to Mick the individual who sent out the code was not supposed to share it but I'm not sure how true that is.

TopStep did not have a problem taking my money and letting me trade the combine while using the discount code until I passed the combine and applied for funding, then it became a problem. I'm shocked at how these guys are doing business. I attached a copy of my combine 24 hours before I made the final $250 needed to get my $9000 profit and 1 day prior to reaching day 10. I would have attached my new report but they closed my account so I don't have access to it now.

Please don't waste your time or money here guys. It's a complete scam.

If this is true...then yes...its truly shocking.

My experience with the 30k combine was perfectly fine...I just couldnt be bothered with it because I was trying my own account live...but didn't have anything to bad to say at all.

I hope TST can address this (I'm sure they can pull your account based on your screenshots).

Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.
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  #622 (permalink)
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N0vocane View Post
Guys I want you all to know my experience with TopStep. I was given a discount code by a funded member in a newsletter. I used this discount code to purchase a $150,000 combine. I completed the combine by following all the rules and making a little over $9000 in profit.

I emailed the funding department and asked to be moved forward in the process. Mick responded and told me the promo code I used was not supposed to be given to me therefore he was closing my account and not moving me forward. According to Mick the individual who sent out the code was not supposed to share it but I'm not sure how true that is.

TopStep did not have a problem taking my money and letting me trade the combine while using the discount code until I passed the combine and applied for funding, then it became a problem. I'm shocked at how these guys are doing business. I attached a copy of my combine 24 hours before I made the final $250 needed to get my $9000 profit and 1 day prior to reaching day 10. I would have attached my new report but they closed my account so I don't have access to it now.

Please don't waste your time or money here guys. It's a complete scam.

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I waited something similar to be posted today in some forums.

First you friend made you disservice by passing the discount code.
Second you got your money back ( 1 dollar for each combine ).

Why I waited something similar to be posted today ?
Yesterday in TST chat was trader who agreed to TST 150k combine rules
but failed to follow the rules and forcefully demanded is money back that he payed for combine.

If you cool of a bit and think back that bigger mistake was made by your friend
and TST has room to improve by implementing " check if discount code is valid " on combine signup page.

But as you have pass combine once you can do it again for sure.
Fortunately most of FIO users not that TST real deal not scam.

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  #623 (permalink)
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N0vocane View Post
Spyder, I attached a copy of the email that was sent to me by Mick. I used the code twice on two different accounts. I read their disclaimer and no where does it say that a code cannot be used twice. It also doesn't say you cannot have more than one account. He basically says in the email the person who gave me the code abused it and wasn't supposed to have it, so I am being punished. If TopStep was interested in finding good traders this would not be a problem as I passed the combine. Apparently they are just interested in taking peoples money.

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And seeing you had e-mailed with Mick.
I have only good words to say about him.

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  #624 (permalink)
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N0vocane View Post
Guys I want you all to know my experience with TopStep. I was given a discount code by a funded member in a newsletter. I used this discount code to purchase a $150,000 combine. I completed the combine by following all the rules and making a little over $9000 in profit.

I emailed the funding department and asked to be moved forward in the process. Mick responded and told me the promo code I used was not supposed to be given to me therefore he was closing my account and not moving me forward. According to Mick the individual who sent out the code was not supposed to share it but I'm not sure how true that is.

TopStep did not have a problem taking my money and letting me trade the combine while using the discount code until I passed the combine and applied for funding, then it became a problem. I'm shocked at how these guys are doing business. I attached a copy of my combine 24 hours before I made the final $250 needed to get my $9000 profit and 1 day prior to reaching day 10. I would have attached my new report but they closed my account so I don't have access to it now.

Please don't waste your time or money here guys. It's a complete scam.

I read this and thought, that's a bit harsh, they should have at least given you your money back. And then read your next message showing the email where they say, something that you forgot to mention; that they are refunding you your money, and also that you had only paid $2 in total which wasn't mentioned when you were saying how they were happy to take your money.
So you bought two $150K combines costing $375 each, for $1 each. Didn't that price seem suspiciously low? You had a code you shouldn't have had and the error wasn't picked up until your details and account were looked at properly after you submitted the completed Combine.
As Lemons said, if you actually want to get funded then just do one more Combine properly for 10 days and you're done. I don't see that TST have any duty to consider you for funding and have to go through the checks and 'interviews' required when you never actually paid to take their test in the first place.

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  #625 (permalink)
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I used the same code passed by one of their traders too to buy 3 100k combines. Blew them all then asked them to close them in order not to further charge me. I was informed that the code was abused (by me too) as well and that I am not entitled to any future discount in my account. I was ok with that, what worried me is the wording in their e-mail:

"There is a fee to the Combine because we want our trades to take this seriously and have some personal investment. If you would like to sign up for a Combine in the future, you will need to pay the full monthly cost, you can no longer user promo codes on our site."

I knew instantly that if I had passed any of the 3 combines that they would reject me because I didn't pay the fee and "didn't take it seriously" despite having paid already for a full combine previously.

Just keep it as a warning if you use any discount codes in the future and you don't pay the full fee. At least I expected it, was using it more as a trial but what they did to Novocane sucks - there was no warning whatsoever and they could have disabled the promo as it was running for almost 15 days -, because it seems like they are mostly interested in collecting the fee instead of having a good trader (Novo) funded.

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  #626 (permalink)
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N0vocane View Post
Guys I want you all to know my experience with TopStep. I was given a discount code by a funded member in a newsletter. I used this discount code to purchase a $150,000 combine. I completed the combine by following all the rules and making a little over $9000 in profit.

I emailed the funding department and asked to be moved forward in the process. Mick responded and told me the promo code I used was not supposed to be given to me therefore he was closing my account and not moving me forward. According to Mick the individual who sent out the code was not supposed to share it but I'm not sure how true that is.

TopStep did not have a problem taking my money and letting me trade the combine while using the discount code until I passed the combine and applied for funding, then it became a problem.

...

Please don't waste your time or money here guys. It's a complete scam.

I am sorry about your disappointment, and do not mean this at all negatively.

But whatever the merits of the use of the discount code, which you did not receive from TST, you were not ripped off for the money. You paid two dollars, and you got it back. They were not after your two bucks, and didn't take it, either.

At most, you might have a beef with them about not honoring the discount code, which you apparently did not receive from an authorized source. It would have been better if they had told you they would not honor the code before you put in the time in the Combine, but it seems they did not realize that you were not authorized to have it until they actually looked at your account. This is not your fault, and it is a hole in their procedures, but it does not support the idea that this is a "complete scam" done to just take your money, which they did not do.

I agree with @lemons that there is room for TST to improve their procedures by verifying the code when it is used -- apparently it was a valid code, but they had never offered it to you. That does not mean you were actually harmed. If you had received the discount offer from TST, that would be another matter, but you didn't. TST did not actually ever offer you a discount; you got it from another source. There are discount codes floating around the internet for many things, and if they are not received from authorized channels, that does not mean that they must be accepted as if they had been actually offered to the person who uses it.... as in this case, it had not been.

Again, I'm sorry you put in the time and effort, and had the disappointment you experienced. I just don't see that you were ripped off, or that anyone is operating a scam by not honoring a discount that they did not actually offer to you.

Bob.

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  #627 (permalink)
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I just noticed a flurry of BS posts by @N0vocane, obviously to get his post count up, as he actually said in some of them, probably so he could post images. Probably these very images that he was using to complain about how unfairly he was treated.

WTF???

This is bad stuff. Don't do that to this forum.

I suspect @Big Mike will soon have a word with you.

Bob.

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  #628 (permalink)
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N0vocane View Post
A lot of you guys have made good points, but I think you are missing the bigger picture. The supposed point of TopStep Trader is to find good traders that make money. They say the only reason they want someone to pay money for a combine is to make it more realistic, to have some "skin in the game." So if I can trade and make the company money, who cares if I paid $1 or $375? In the end TopStep should be trying to find traders that can make them money trading, but that's not apparently what is really going on.

If I saw someone who was able to make $9000 in 10 days, had a draw-down of only $1500, and was profitable on 77% of his trades, I would be very impressed and move this guy on to another phase to see if he is the real deal as he has the potential to make thousands of dollars for my company. Instead they are mad they didn't collect $700 from me for 2 combines. Are you guys seeing what's going on here? They don't care about finding good traders, they just want to take money from people and this situation shows their business plan.

How can anyone disagree with this?

Edit - To Lemons, you obviously didn't read what I wrote because they closed my account and I was not able to post a final trade report. Please don't insult me when you have not read the entire discussion. Also I did not pass out the discount code, it was sent to me in a newsletter by a funded trader. Anyone who signed up for his newsletter would have received it as well. It seemed legitimate

Edit - And to Bob, yes I did make 10 bs posts so I could post here. But I feel it was important to let people know right away what happened so their time was not wasted and they could see that TopStep is not out to find profitable traders, just to take money from people using their demo accounts. If for some reason I posted something inappropriate in this thread a mod could have easily removed it. I'm sorry you took such insult to me getting my post count up so I could inform people of the bad business practices of TopStep.

Yes I read and made changes in 2 minutes after initial post.

But be the bigger man prove us all wrong.
It takes only 20 + 10 days

Deal ?

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  #629 (permalink)
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N0vocane View Post
I actually would be more than happy to do it again but given this situation I'm worried about loosing my $375 if I do make it. I don't want them to find another technicality to disqualify me. If TopStep was really looking for good traders, they would move me on to the next phase as the second phase is a demo account as well. It really won't cost them anything, that is why I'm so puzzled to all of this. It really makes me think they just want to take $375 from me and they are not looking to find good traders.

Thanks for being civil and correcting the post. I appreciate it

Bending the rules now and then will be big headache for running business.
Yes its hard to pass combine and you did good work.

But lets make exeption for you and give pass you to next step.
Another trader breaks the daily loss limit by 1 $
another break weekly loss limit by 1 $

Where do we draw the line ?
Rule help.

Margin call will be also executed by exact rule / dollar amount.

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  #630 (permalink)
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@N0vocane

But you didn't got discount code from TST.
Your friend got personal discount code.

You are pissed up for nothing.
If this irritates you some much.

Then market will irritate even more and countless surprising ways.

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