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William,
France,
Oct 18, 2018,
Guest
TopStep Trader - OK, but not for the novice trader.
I have worked with TopStep Trader. I believe they are good outfit for the right person looking to get a funded account (i.e. not for the novice). Things to watch out for:
- pay attention to the timing (meet targets within a specified time frame), targets and draw down requirements, they are quite tight and aggressive. If you are not already a good trader, best to practice else where until you are ready. It is hard to meet targets.
- they do require to exit at certain times - end of week and major news events. This will frustrate many traders.
- some times spreads get wacky ... you will need to manage this. If you are trader that thinks brokers always cheat you, you will get frustrated with the tight rules.
- you also need to be able to manage the technology. If you are not good at this, it can be an issue.
But you will get funded if you qualify (there a lot of dreamers, my guess is that between 10 to 20% actually will get funded) and get paid ... again not for the novice trader.
TopStep Trader - OK, but not for the novice trader.
- pay attention to the timing (meet targets within a specified time frame), targets and draw down requirements, they are quite tight and aggressive. If you are not already a good trader, best to practice else where until you are ready. It is hard to meet targets.
- they do require to exit at certain times - end of week and major news events. This will frustrate many traders.
- some times spreads get wacky ... you will need to manage this. If you are trader that thinks brokers always cheat you, you will get frustrated with the tight rules.
- you also need to be able to manage the technology. If you are not good at this, it can be an issue.
But you will get funded if you qualify (there a lot of dreamers, my guess is that between 10 to 20% actually will get funded) and get paid ... again not for the novice trader.