What are the differences between Accounts? | Topstep Help Center (2024)

FAQs

What is the difference between express funded and live funded accounts? ›

Trading Combine & Express Funded Account: Fees and Commissions will be included in your P&L. You can use your P&L to get an accurate count of your P&L for the day. Live Funded Account: Fees and Commissions are not included in your P&L. You will need to be aware of these costs.

With a funded account, you share risks but also share rewards. You risk other people's money but that allows other people to dictate to you how to trade. With a personal live account, you reap all the rewards but also bear all the risks.

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Take Profit Trader is lauded for its 80% profit share and the allure of instant withdrawals, providing traders with rapid access to their earnings. Although TopStep offers a slightly higher profit split of 90%, the ease and immediacy of fund access at Take Profit Trader give it a competitive edge.

Any losses incurred in a funded trading account can be recovered through risk management and diversification strategies. However, due to the inherent risk of trading, it is important for traders to understand the risks associated with the market and be mindful of their trading activity.

In conclusion, funded accounts in forex provide an excellent opportunity for traders to enter the market and showcase their trading skills without risking their own capital. By utilizing a funded account, traders can mitigate their financial risk, access larger trading capital, and potentially earn profits.

Funding accounts, also known as funded accounts, offer traders the chance to start trading without making an initial deposit. Instead, a third-party company provides the capital for investing in financial derivatives (typically ranging from 25,000 euros to 150,000).

Funded trading accounts can be beneficial due to features like access to significant capital, reduced trading costs, and the ability to trade with lower risk as compared to trading with personal funds. Additionally, some prop firms offer training and support to help traders improve their skills.

Top 2 Competitors & Alternatives to topstep.com

List of topstep.com competitors in April 2024: topsteptrader.com , with 1.57M visits, 29 authority score, 37.34% bounce rate. elitetraderfunding.com , with 120.87K visits, 20 authority score, 28.98% bounce rate.

Is Topstep better than FTMO? ›

Features Comparison: TopStep vs FTMO

Range of Markets: FTMO offers a wider range of trading instruments compared to TopStep's focus on futures. Profit Sharing: FTMO tends to offer a higher profit share ratio. Educational Support: TopStep provides more structured educational content, especially for futures trading.

Recognized globally, TopStep caters to futures and day traders, particularly those starting with limited capital. If you're familiar with the basics of trading futures or currency pairs, this prop firm might be worth your consideration.

Express Funding Group offers a full spectrum of competitive financing options allowing you, the dealer, to finance a multitude of customer types. Instant Approvals. No Minimum Amount Financed. No Minimum Income, Job Time, Residence Time, Bureau Time.

Express Model Benefits

Whatever amount you profit each month during the assessment phase, 15% of it is yours. So you start earning a profit share as a reward even when you're trading the FundedNext Challenge account. No Unrealistic profit targets. Lesser the restrictions, better the performance.

Traders in an Express Funded Account or Live Funded Account can request a payout of up to 50% of their account balance after accumulating five winning trading days per payout request. A winning trading day is counted when a day's Net PNL is $200 or more.

The Express Funded Account™, sometimes referred to as the "XFA", is the simulated Funded Level account traders earn after passing the Trading Combine. After you've passed your Trading Combine and completed the necessary steps, you can start taking Payouts from your Express Funded Account based on our Payout Policy.