Alternatives to TopStepTrader

I would like to open a new thread to enlist the alternatives for the well known TopStepTrader funded account. I’ll try to refresh this first of the thread with your websites, opinions, reviews, tests, etc. First some new thoughts:

 

TopStep Trader: https://tradingschools.org/reviews/top-step-trader-survey-part/

 

Out of the 163 individuals, 79% or 129 individuals were never able to actually pass the combine and the funded trader preparation.

In my opinion, I was a bit shocked that “only” 79% failed. I actually expected it to be much higher. Honestly, I thought that 95% would of failed.

 

Out of the 163 persons that attempted to pass the combine and the funded trader prep, a total of 34 individuals were able to receive a funded trading account.

 

The new rules: in addition to a maximum draw down that averaged $2,000, if a person has a daily loss of $1,000, or a weekly loss of $1,000, then they will automatically lose the funded trading account.

If a person failed to make any profits during the first 10 days of having the funded account, then the person loses the funded trading account.

 

Of the 34 individuals that received a funded trading account, the average earnings was a negative $900 per person. What does negative $900 actually mean? This is the average earnings after combine fee’s and data fee’s were removed from any trading profits.

 

The average would of been much more negative, but one individual reported that he earned $20,000 and then withdrew his funds and closed his Top Step Trading account. Remove this one outlier, and the numbers become even more stark.

 

Why did he close his Top Step account if he was achieving such success? Simply, to avoid the high fee’s and deductions. Top Step trader pays 80% of profits and so a person can avoid those fee’s by withdrawing the earnings and then opening a simple retail account. Another reason is the high monthly fee’s of being a CME defined “professional prop trader”. Anyone trading a funded account with Top Step is responsible for paying average exchange fee’s of $85 per month. This can be avoided by opening a simple “non professional” retail trading account.

 

Some alternatives, then:

 

0.- MES Capital: It’s just completely free so, …¿why don’t give a try?

1.- Simulator applying MES rules. Practice with their rules for free and then try MES.

2.- http://pulsarcap.com/. The earliest competitor to TST . Price: 300 GBP

3.- http://www.truesquawk.com/get-funded. They seem to have teamed with TST to offer a single TST combine try and month, for just 1$.

4.- https://www.blue-point-trading.com/trader_opportunities.

5.- chancerylanetraders.com

6.- PROPTRADERS

7.- Manovermarket – $500 minimum spend, 2 months minimum traded, $5000 profit requirement.

8.- Proptraders.biz, (10+10days, same but 10% cheaper than TST, off to a sketchy start)

apparently started the company without enough capital to even fund second trader, assuming the first one was even real, and are changing rules as they go along. Promising funded account to be ready one day, then requiring additional FTP stage a week later. Removing re-do’s etc.

9.- Saviusllc (10+20 days, $2000+$4000) $200 refundable

while great company to work with, $200 combine with $2000 1st stage profit target and 20day/$4000!! “FTP”, significantly steeper requirement for same $2000 DD acct and only 70% profit share

10.- www.surcaptrading: 200 $ or the interesting option to copy your trades in their account and if you do right, they’ll give you a %.

11.- www.rapacapintro.com -> Now https://fundseeder.com/home. You link your live account with them and they’ll track your progression.???

12.- http://www.getfundedfx.com/frontface/right.html. FOREX. Put 1000 $ in their account and star trading. They seem to have a layered progression where they give you fund depending in the stats.

13.- www.trader2B.com

14.- www.nonkotrading.com . Shady.

15.- http://www.oiltradinggroup.com/2015/11/26/get-funded/. Teamed with TST.

16.- www.finderby.net. Stocks, ETFs. In Russian.

17.- http://mavericktrading.com/firm-capital-access/. Stocks. Options. A guy with pervert smile welcomes you. The costs of the qualification program are based on your trading level and experience and will be based upon your desire for individual mentoring from one of our experienced traders/trainers.

18.- www.dukascopy.com. Forex.

19.- http://www.globaltradingplus.com/en. Teamed with Takion.

20.- http://bontrade.org/training/funded-trader/. I think you’ll need to buy the course.

21.- www.takion.com. 2012 webpage? Mehh

22.- http://smbtraderbolsa.com/trader-reto

23.- https://www.darwinex.com/es/home/trader/executionconditions

24.- http://fundedtrader.com/. WTF.

25.- http://crowdfundedtrader.com/index.html. Abandoned?

 

 

Those are the ones I know about. Anymore? Any thoughts?

Edited September 13, 2016 by uazpeitia

MES ,but you have to be profitable....

Where can I find the Simulator applying MES rules?

For MES, during the evaluation, you must use Rithmic R | Trader. Is there a way to send trades from NT to Rithmic? As I'm using TST combine, they also open up a Rithmic Trader when I'm trading with NT.

excelent post info: i willtry some funded with the method

Sorry, watson The simultator in the ninjatrader sim account. maybe I should clarify that later. if you are profitable, test yourself in the ninjatrader sim account by auto applying the mes limits. if you fail try again, like that you could pass the mes capital funding without that much stress.

hi,

Honestly, I think topsetptrader and MES are the only firm that aloud you to get founted in future.

Beside that you have to be very efficient in demo

let me just remember you , before to apply for MES you must be profitable without huge drawdowns , you must have these 2 requirements to not fail.

i'd avoid topsetptrader

somebody have the MES rules? and Prices to pass the Convination?

Step 1 - Submit Your Application

Fill out an inquiry form and answer the questionnaire. Other companies charge $400 per month for this. With us it's FREE!

 

Step 2 - Start Your Free Evaluation

Trial for 4 weeks (20 days). Maximum 2 contracts in 2 markets at one given time. Starting $15,000. - Make sure your account doesn't fall below $13,500 - Maximum daily loss -$1,000.

 

(CHANGE THE SIM ACCOUNT [OPTIONS...SIMULATOR] TO 15.000 and apply the same rules to practice.)

 

Step 3 - Get Funded

Get funded between $15,000 to $50,000, with a profit split of 50%. If you have the talent we can increase your funding up to $1,000,000.

 

https://mescapitalgroup.com/

You got also Striker for either discretionary or algo trading. They work the old fashioned way but have a huge commercial network with brokers as white label to distribute strategies. You keep 90% to 100% subscription fees paid by the clients. They manage the account (you need to handle away your code and sign a NDA)

Also iSystems that you often find at the same futures brokers than Striker. It accepts only systems though

http://help.oneuptrader.com/knowledge_base/topics/what-trading-platforms-can-i-use

im thinking that companies are all scams

the reason?

youcan get all papaerwork done all obejetive done and get profiable demostrations in your account and never get FUNDED! Finally the reason to get a funded account its a rally and comply radom dessision