Topsteptrader is an American company that allows us to become traders without having to risk our money. After completing a 2-phase training evaluation, they will fund you up to $150,000 plus you also have the opportunity to access a funded account.
Topsteptrader offers you access to a funded account that will allow you to trade without risking your moneyin exchange for this, will withhold 20% of the future profits that the trader generate. With the funded account they provide you, it will be the perfect opportunity for you to learn to invest in the stock market.
To get your account funded, topsteptrader offers you to overcome 2 evaluation tests, where you will have to hit the profit 2 times; for this, you have a total of 15. That is, in 15 days you can have a bill financed with the evaluation test passed to be financed directly. With other types of companies, once you pass their evaluations you will have to pass other hidden evaluations because they require you to earn a minimum amount again before you can withdraw.
Target profit and comparison
Depending on the type of account you have a larger or smaller profit target. The moment you get it, you’re done! In addition, they will ask you to prove that your system is really profitable and that you are a great risk manager.
First evaluation Topsteptrader
You have to reach the target profit in a minimum of 5 days. You cannot pass the first topsteptrader evaluation before the fifth day, that is, even if you reach the objective on the first day, you will have to spend another 4 days trading.
you can only trade permitted products and at the permitted times. If you live in Spain, it will be from Monday at oo:ooh and you will have to close all your trading operations at 10:15 p.m.
You can’t hit or exceed the maximum daily loss, but remember, these metrics are updated at the end.
Finally, beware of reaching your total maximum loss. Your maximum trailing drawdown.
These are the only rules that Topsteptrader has for the first evaluation. Only, you have to show that you are profitable.
Second evaluation Topsteptrader
In the second step of your topsteptrader evaluation, the company will give you all the requirements that you will not be able to do.
At this time, you will have to prove that you are a great risk manager. The minimum operating time is 10 days.
The new rules in this second step of your topsteptrader evaluation are:
- You will not be able to exceed the maximum weekly loss limit. Attention! I’ll give you a little trick in the video ?
- You will not be able to trade at times of high volatility.
- The hardest part of this second evaluation is that you have a staggered plan for the number of contracts you can use.
Once these two evaluations have been passed, they will send you an email congratulating you on your success.
What is the easiest topsteptrader funded account to beat?
If we value the cost of the evaluation, I recommend that you choose the $30,000 or $50,000 option. I usually choose the latter because once you are funded it is easier to trade all 5 contracts.
However, the topsteptrader evaluation process for other funded accounts is much more complicated because the tiered plan of the number of contracts you can use is going to make it much more complicated.