TopstepFX Review

TopstepFX is an excellent platform for traders who want to become more efficient and professional at Forex trading. TopstepFX.Com belongs to the same parent company as TopstepTrader. While TopstepTrader offers futures funded accounts, TopstepFX offers Forex funded accounts for approved traders. The developers of the TopstepFX service promote it as a challenge where participants go through a two-step evaluation process to finally gain access to a funded live account with up to $500,000 in purchasing power.

It is a footnote in the TopstepFX review that made it possible to pass both steps to earn a funded account within a single calendar month. However, this isn’t the recommended approach, as the vendor believes that traders should first master their strategies and obtain more useful skills before rushing into the market with real money. Some people have already called TopstepFX a scam, but it is a training platform that provides an opportunity to win a founded account.

Forex Funded Account

TopstepFX offers trading resources and a simulated Forex trading account. Traders must prove they are able to make profits and manage risks to become eligible to get a Forex funded account. For this, they must be subjected to multiple tests to prove that they can manage risks. Traders should also take time to practice their strategies and hone their skills. The TopstepFX managers opinions of this process is that traders can pass all these steps in one month to get funded.

Trading Combine Account

The Trading Combine is the simulated account for TopstepFX that evaluates the performance of traders through a two-step process, with pre-defined profit and risk limits. According to the TopstepFX rules, traders can use 22 pairs of foreign exchange. They can practice on a demo account for free, get quality trading alerts from experienced brokers, and learn how to become successful traders.

Three packages of the Trading Combine are offered. What can potentially be rewarded to a trader is based on the profit target, the maximum amount of monetary loss, and position sizes traded. The account has a buying power of $200,000 and costs $125 month, the package with a buying power of $300,000 costs $165 per month, while the account with $500,000 of buying power costs $275 a month. Traders have a profit target of $3,000 a week and a weekly loss limit of $2,000.

Using the first account type, traders must prove that they can achieve a profit target of $2,650 and not allow their weekly losses to exceed $1,300. The second account type assumes traders to hit a profit targets of $4,000. They must not exceed a weekly loss limit of $2,000. And lastly, the third account type requires a profit target of $6,650 and a loss limit of $3,300.

TopstepFX Challenge Rules

The above listed rules, profit targets are set for traders according to TopstepFX. Traders are required to follow some specific rules to demonstrate the granted capital will be preserved in the long run. After traders win the challenge following the TopstepFX rules, they may earn a funded account. TopstepFX allows traders to use a leverage of 100:1 to scale up their buying power. TopstepFX by far is not a scam. Participants will be getting funded accounts that have an equivalent of $5,000 to $2,000 equity balance.

If traders can prove that they can profitably trade and manage risks professionally, they will be awarded any of the funded live accounts. Then, traders can keep 100% of the first $5,000 earned and 80% after that. However, if some participants can’t prove their trading abilities, the monthly subscription will be forfeited. A trader should use this to gain useful experience. Developers of TopstepFX have an opinion that good traders are patient traders who learn and practice trading regularly.

Technology – (TopstepFX MetaTrader 4)

It is notable to mention in this TopstepFX review that the service provides its traders with state-of-the-art technology. The TopstepFX MetaTrader 4 is the world’s leading Forex trading platform. TopstepFX MT4 comes with powerful analytics and online charting, low commissions per lot, no platform fees, and availability of add-on tools. TopstepFX also prepares its members for the theoretical and practical challenges with the assistance of Forex trading courses.

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TopstepFX Review TopstepFX is an excellent platform for traders who want to become more efficient and professional at Forex trading. TopstepFX.Com belongs to the same parent company as TopstepTrader. While TopstepTrader offers futures funded accounts, TopstepFX offers Forex funded accounts for approved traders. The developers of the TopstepFX service promote it as a challenge where participants go through a two-step evaluation process to finally gain access to a funded live account with up to $500,000 in purchasing power. It is a footnote in the TopstepFX review that made it possible to pass both steps to earn a funded account within…
TopstepFX’s Ultimate Guide to Forex Trading helps beginners navigate the market easily by explaining the basics of forex, forex market, and how to trade forex.

TopstepFX, LLC Trading Education Review

Website usability
Customer Services
Commission
Education center
Discount Code
MT4 Platform
Demo account for beginners

Total Rating

TopstepFX’s Ultimate Guide to Forex Trading helps beginners navigate the market easily by explaining the basics of forex, forex market, and how to trade forex.

User Rating: 4.26 ( 10 votes)

TopstepFX FAQs

This rule makes sure that traders are consistent in trading as a result their no set period of time for a trade to be open to be counted as a trade. You must trade a smallest number of lots for eligibility to the next step and are estimated based on the Standard, Mini, and Micro lots traded. Every trade transaction is considered complete when a position is opened and closed. Lastly, proves your performance is consistent and firm enough to evaluate, understand your trading capabilities and test your trading strategy against market conditions.
Different amounts of currency pairs can be bought or sold from 0.01 to lots of 5 (the greatest position size in the biggest account) at any time. Lot sizes are estimated based on the number of trades. The lots traded are them calculated by the number traded and lot size.
A Maximum Position Size is anywhere from 2-5 standard lots at any given time depending on the account that has been chosen and estimated across every pair of lots traded. It is perfectly allowable to trade micro and mini lots and the $300K Trading Combine you allows trades from 30 mini to 300 micro lots simultaneously. The MetaTrader 4 program sometimes rejects orders that exceed maximum position size and traders are entirely responsible for ensuring their account complies with the rule always.
The Weekly Loss Limit is calculated based on every trading day’s achieved and unachieved P&L. If your account drops below the Weekly Loss Limit, any trades that are still open are auto-liquidated and you will become ineligible for funding through your account.
If, at any time, your realized or unrealized account balance drops below your Account Loss Limit, any open trades will be liquidated and your Trading Combine will be ineligible for a Funded Account. This allows for the recognition and reevaluation of your strategies in market conditions which further strengthens intelligent account management.

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