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Anybody heard of topsteptrader (review)


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Anybody heard of topsteptrader (review)

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  #791 (permalink)
Rochester, ny
 
Experience: Advanced
Platform: Nt, ToS, rt
Trading: Crude
 
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To add to this comment about reduced contracts, I have been thru FTP a few times. Having my combine ruined by the weekly stop loss, which is pain. Now TST isn't reducing the profit target like that have in the past, this has upped the difficulty a bit. I am in the camp of yes this sucks.
Let me explain where I think there coming from and why the change. One of their core beliefs they hold is this. "If you can trade small you can trade big." So they want to see you grind it a bit with a small account, then give you move size as you grow. Yes it sucks but it hard to argue there logic.

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  #792 (permalink)
Point Roberts, WA, USA
 
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@Opstar

Thanks for the PM. That clarifies things.

I had found it difficult to get one clear complete picture
see:


Thanks again and good trading.

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  #793 (permalink)
Dubai UAE
 
Experience: Advanced
Platform: NinjaTrader, Bookmap
Trading: ES, NQ FDAX
 
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Hi All,
Any feedback on
1) whether it's best to start $100K vs $50K combine specially with the scaling plan introduced, it really makes the benefits of bigger funded accounts not achievable except after several months.
2) if you succeed a combine, they move direct to funded or there is a step of FTP before that & is it paid for by the subscription?
3) when does the monthly subscription stop being paid? If I use Ninjatrader & already have a lifetime license.

Thanks a lot.


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  #794 (permalink)
Legendary Elite_Member
Wiltshire, United Kingdom
 
Experience: Beginner
Platform: Jigsaw daytradr
Trading: US Equity Index Futures
 
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mokasha View Post
Hi All,
Any feedback on
1) whether it's best to start $100K vs $50K combine specially with the scaling plan introduced, it really makes the benefits of bigger funded accounts not achievable except after several months.
2) if you succeed a combine, they move direct to funded or there is a step of FTP before that & is it paid for by the subscription?
3) when does the monthly subscription stop being paid? If I use Ninjatrader & already have a lifetime license.

Thanks a lot.


1. I would stick to thirty or fifty due to the live scaling plan you need to follow in the FTP stage.

2. The FTP stage used to be optional at their discretion but they say they realised that people who did the FTP were more successful when funded and less likely to fail when live. So now FTP is done by everybody that passes the Combine. It is free though. (The live trader scaling plan was introduced for similar reasons. After analysing live traders they saw that a lot of people were coming in and going to the full number of contracts straight away and messing it up. The scaling plan is meant to limit the amount of damage you can do in a single trade when you are starting out with them).

3. Your monthly subscription, to cover data fees and costs (and probably some profit too - it is a business), is controlled by you in your membership area. You can cancel or renew the subscription at any time. The subsription renews the same day, say on the 10th each month. A reset costs $100. If after three and a half weeks you have failed a Combine it is better to cancel that subscription, you can still trade it to the end of the month if you wish as you have access for the full month whether you cancel early or not; and then start a new subscription when the old one expires. Other wise it costs you an extra $100 as you pay a reset fee followed by a subscription fee a few days later.
You only pay the subscription for the Combine. Not as said in FTP or when live. When live though you do pay an exchange fee. This is a fee paid by you directly to the CME because if you are trading somebody else's money they classify you as a professional trader.
https://help.topsteptrader.com/hc/en-us/articles/115000174188-Do-I-have-to-pay-exchange-data-fees-

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  #795 (permalink)
Springfield, MO/USA
 
Experience: Advanced
Platform: Jigsaw
Broker: AMP CQG
Trading: ZN, ZB
 
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Posts: 43 since Oct 2009
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I just started a 150k Combine and got a big surprise when I saw that the commissions being deducted were about 25% higher than what is published in their faq & what is charged in a live account. This throws a huge artificial barrier up for scalpers like me. My first request to support was not addressed sufficiently, so I am going to give them one more chance before I demand a refund.

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  #796 (permalink)
Europe
 
Experience: Advanced
Platform: TradeNavigator, BookMap
Trading: ES, CL, 6E, 6B
 
Posts: 357 since Jan 2017
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Sorry, but $ 3.68/roundturn are a huge barrier? This commission are absolute ok.

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  #797 (permalink)
Springfield, MO/USA
 
Experience: Advanced
Platform: Jigsaw
Broker: AMP CQG
Trading: ZN, ZB
 
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Posts: 43 since Oct 2009
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I trade 10 year Treasury Notes exclusively. Yes.... an extra .90 RT is inexcusable

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  #798 (permalink)
Europe
 
Experience: Advanced
Platform: TradeNavigator, BookMap
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Posts: 357 since Jan 2017
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Sorry, but the rules are crystal clear $3.68/roundturn for each product in the combine. Not sure what the problem is.

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  #799 (permalink)
Springfield, MO/USA
 
Experience: Advanced
Platform: Jigsaw
Broker: AMP CQG
Trading: ZN, ZB
 
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Posts: 43 since Oct 2009
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Could you please show me where that is published on their site? I have not veen able to find it.

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  #800 (permalink)
Europe
 
Experience: Advanced
Platform: TradeNavigator, BookMap
Trading: ES, CL, 6E, 6B
 
Posts: 357 since Jan 2017
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https://help.topsteptrader.com/hc/en-us/articles/115007397528-How-to-Update-commissions-in-NinjaTrader-8-custom-download

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