We appreciate all and any feedback and will make every effort to make this more clear. We have built this Company with your feedback and by listening to all of the participants in the Combine and Funded Accounts. We will be in touch regarding any other ideas you may have. Again, thank you for your feedback.
If you have any questions about our Trading Combine or the opportunity to get funded through TopstepTrader, please visit www.topsteptrader.com or contact us at firstname.lastname@example.org or 888.407.1611.
The following 4 users say Thank You to Hoag for this post:
Could not agree with you more. I stumbled over this exact same issue and have received no response from TopStep to my inquiries. In fact, TopStep never responds: I requested a phone call prior to starting Funded Trader Prep, but I never got one.
This, after I passed the $30k combine with more than double the profit minimum and a smooth equity curve.
They just cancelled my account without so much as a peep. But they still have my money.
Last edited by tortoise; October 18th, 2015 at 09:41 PM.
I just deleted a previous post that I realized was too confrontational.
I am very sorry that you had these problems with TsT.
My only point is that they do fund traders, and that it is in their business interest to do so, not to just collect the Combine fees -- if they didn't place a priority on finding traders to trade for them, they wouldn't be actually funding any, and that would be very well-known by now.
Instead, we know, from many journals here, that people are getting funded. So that really is their game.
I do hope that @Hoag, or someone else from TsT, reads these recent posts and decides to rewrite the statement to eliminate any chance of misunderstanding. Something like "You must achieve and maintain a balance above $0 after the end of the tenth day, and every day afterward" would be impossible to understand any differently.
Again, I am sympathetic with your disappointment, but no one was trying to rip anyone off. That simply doesn't fit with the fact that traders are being funded. Their game is not to collect fees without funding traders.
I hope you go on and have a success in your trading career, however you do it.
The following 5 users say Thank You to bobwest for this post:
I find it interesting that people believe they are entitled to be funded. That's just pretty funny. Argue all you want, but that's the vibe I'm getting. If you really think this, walk into a prop shop tomorrow, or call up a lawyer, get some finra certifications, and start wining and dining rich people to get them to back you. Good luck with that.
This business is all about consistency. Only thing that needs be said. I have a friend in Chicago that knows a guy on the funding team. They are legit.
The following 2 users say Thank You to DrewDown for this post:
Yes it is in their interest to fund traders but not for the reasons you present. It is in their interest so that it keeps the dream alive for the hundreds of hopefuls constantly re-doing combines.
Fact: They do fund traders. Fact: some percentage of their funded traders earn money through them.
However their business model and reason for being profitable is a constant stream of new and existing traders constantly re-doing combines keeping the dream alive.
Their payout percentages are the best in the industry. Why is that? Is it because a small percentage of funded traders are making such massive profits every single month that TST is able to pay all their staff from the tiny profit they keep. If people believe that then there's nothing more to really say. On the other hand how many people constantly re-do combines every single month.
Being able to say you offer the best payout percentages in the industry sais 1 thing quite clearly, your company's business model relies on a constant stream of combines, not on funded traders. It may be useful to look into successful prop firms that have been around for many years (eg: SMB) to compare business models. That's not saying one is better than the other. But to say they have the same business model (ie: relying on funded trader profit as is the case with SMB) is simply not true.
Diversification is the only free lunch
The following 3 users say Thank You to DarkPoolTrading for this post: