Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
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.
Can you help answer these questions from other members on NexusFi?
My post was nothing about rules changing that is fine.
The website is poorly designed cut-and-paste with tiny amounts of content scattered all over the place, requiring hours of back and forth - questions to support - evasive answers and so on.
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.
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.futures.topstep.com/hc/en-us/articles/115000174188-Do-I-have-to-pay-exchange-data-fees-
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.
