Trader’s Buddy Software Review

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Contents

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NEW Trader’s Buddy Affiliate Program Reviews: SCAM or LEGIT?

    Thread starter kaka135 Start date Jul 5, 2020 Tags affiliate program

kaka135

Emerald Member

Trader’s Buddy is a binary trading software that provides 3 types of trading, which is social trading, auto trading and also semi-auto trading.

Every Trader’s Buddy affiliate will be assignned a personal affiliate manager who assist them in affiliate marketing, hence this is suitable even for newbies in affiliate marketing. There are also many tools to help affiliates to promote the product.

Currently, Trader’s Buddy is free for 500 beta testers. So perhaps it is the good time to promote this product.

If you are interested, you can check it out here: Trader’s Buddy Affiliate Program

Has anyone joined this affiliate program? What do you think about this?

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Software

Day trading software is the general name for any software that helps you analyse, decide on, and make a trade. It may grant you access to all the technical analysis and indicator tools and resources you need. The best software may also identify trades and even automate or execute them in line with your strategy. Whether you’re after trading software for beginners, or as an advanced trader, with more options than ever before, doing your research has never been so important.

Firstly, you’ll find out precisely how these software packages work. This page will then highlight what to look for from your broker’s software offering, whilst breaking down forex software, stocks software, and others in detail. It will also touch upon software demo accounts, equipment and the regional differences to be aware of.

Best Trading Software 2020

How Trading Software Works

Online day trading software can be broken down into four categories:

  • Data – Before you start trading for the day you need to know the prices of the stocks, futures and/or currencies you want to trade. For stocks and futures, those prices will usually come from the exchange where they are traded. Forex, however, doesn’t have a central exchange.
  • Charting – Smart traders will usually chart prices in charting software. Many vendors will also offer data feeds. These charting packages usually offer basic technical analysis indicators. Opt for a more advanced package and you can benefit from more indicators and the ability to backtest your strategies.
  • Trade execution – With your data to hand and after analysing it on a chart, at some point you’ll want to enter a trade. For that, you’ll need some sort of trade execution software, an electronic trading platform. A lot of software today will also allow you to develop your own trading strategies with an application programming interface (API). They may also offer you automated trading capabilities specifically for day trading.
  • Broker vs independent vendor – A lot of brokers will offer software directly linked to their in-house systems, but you can also use third-party applications through independent software vendors with brokers that support such integration. The benefit of third-party solutions is that they often have more advanced features and enable you to trade with several different brokers with one single interface.

Tools

Mac or Windows?

When choosing your software you need something that works seamlessly with your desktop or laptop. Any crashes or technical issues could cost you serious profit. Fortunately, the day trader is no longer constrained to Windows computers, recent years have seen a surge in the popularity of day trading software for Mac.

MetaTrader4, for example, is the worlds most popular trading platform. It’s user-friendly, so combined with an easy to navigate Mac, it’s ideal for both beginners and veterans. But whether you’re looking for the best trading software for Mac or Windows, check reviews to ensure the technical tools, data feeds, portfolio trackers, backtesting capabilities and any other features you require won’t run into compatibility hurdles. In addition, make sure the initial trading software download is free. Reputable brokers shouldn’t charge you for the installation privilege.

Mobile Day Trading Software

You can also get extremely useful mobile trading software, normally in the form of an app on iOS and Android. These aren’t designed to replace desktop applications as they lack in the capabilities area. They are best used to supplement your normal trading software.

Make sure when choosing your software that the mobile app comes free. A good app will provide succinct market updates, trends and the usual stock price tickers. If the app overloads you with information that pushes you towards impulsive decisions, stay clear.

What To Look For

Brokers will often offer standard software, but if you want additional features that may be essential for your strategies then you may have to pay significantly more. So conduct a thorough software comparison before you start trading with your hard earned capital.

Cost & Need

  • Does it meet your needs? – There is no one size fits all. Different trading software will suit different people. Are you following a simple stocks strategy such as moving average tracking? Alternatively, do you want to employ a more complicated multi-conditional strategy? Will you need a direct forex feed? To make sure it caters for your needs get a free software download trial and practice day trading on it first.
  • Cost – How much does day trading software cost? It’s all too easy to opt for the cheapest trading software. Whilst this may save you money in the short term, you may be sacrificing essential features your strategy requires. Adding these features later may cost you even more than if you’d invested in a comprehensive software to start with. Also, check to see if the software is available as part of the standard brokerage account, or does it come at an additional cost?

Technology

  • Execution speed – Time is money and nowhere is that truer than in the day trading world. Ensure your software will allow you to enter and exit trades swiftly. Check reviews for any trade execution red flags. A few seconds could be the difference finishing being in the red or black at the end of the day.
  • Accessibility – Is it a web based software offering? If so, you’ll need just an internet connection to get online, plus you’ll have zero installation, update and maintenance costs. Web based trading software is the best option for beginners. However, if you employ extremely complex algorithms, you may need a computer based installable software. Bear in mind this will be a far more expensive route to go down.
  • Features – Day traders rely on short term price movements to turn a profit. What does your strategy need to monitor these price fluctuations? Will you need charts, particular data feeds, news sources, specific market access? If so, check whether these will be included as standard.
  • Analytics – Does your strategy depend on technical indicators and pattern recognition? Will the software recognise arbitrage opportunities? A comprehensive analysis software will provide you with all the analytical features you need in one user-friendly bundle.

Forex Trading Software

Which is the best forex trading software available on today’s market? With hundreds to choose from, finding the right software for your needs isn’t a straightforward decision. The first question to ask would be ‘what information, resources and tools do you need to enhance your forex strategy?’

Below are some of the most popular currency trading software available:

  • Trading platforms – These enable you to manually manage and execute forex trades.
  • Trading signal generators – These will provide you with recommended levels for which to enter and exit positions.
  • Technical analysis software – These will offer you charts of historical exchanges rates, plus a wide range of technical indicators.
  • Automated forex trading software – Once you’ve pre-programmed your rules and strategy, these programmes will automatically execute trades on your behalf.

Stocks Trading Software

With today’s volatile market trends, picking the right stock trading software is essential. It is often said that there are very few stocks worth trading each day. That means identifying them before they make their big move will be what separates the profitable traders and the rest. Before you purchase, always check the trading software reviews first.

In addition, look for the following capabilities from your software:

  • Market scanning – The programme should scan the market for potential opportunities and swiftly draw your attention to stocks of interest.
  • Charting software – These will help you decipher market conditions, so look for software that keeps their charts user friendly, or even offers customisability options.
  • Portfolio tracking – This will help you keep a close track of all previous trades, helping you to identify mistakes and hone your strategy.
  • Backtesting The software should enable you to backtest your trading systems against historical data, giving you an idea of whether and how successful your strategy will be, before you risk real capital.

Other Instruments & Markets

On top of the software for the instruments above, you can also get your hands on the following:

  • Commodity trading software – There’s a rich supply of international trading software for the commodities markets. Plus, you can get your hands on some of the best free online trading and charting software around.
  • Bitcoin day trading software – As the market is still growing, there are new options popping up every month. You’ll also find some of the best trading simulator software, that’s probably free.
  • Emini trading software – Emini options continue to grow, so you can choose between generic systems, or specialist Emini software. You’ll also find lots of good scalping software options, with plenty of reviews on software forums.
  • Penny stocks software – There is healthy competition, so if you’re looking at where to buy the best trading software for penny stocks, a quick Google will answer all your prayers in abundance. You can also find easy to use buy and sell signal software for penny stocks.
  • Software for NSE – You can find free trading software for Indian markets, or you can choose from the ever growing options.
  • Software for cryptocurrency – You can choose between robot, prediction software, or you can find plenty of manual options. You can also now get your hands on useful virtual money management software to keep your online wallet heavy.

Journal Software

Day trading journal software allows you to keep online log books. Why would you want that? Because they keep a detailed account of all your previous trades. They record the instrument, date, price, entry, and exit points. This allows you to not only fill in your tax returns with ease, but also to analyse your recent trade performance. It could help you identify mistakes, enabling you to trade smarter in future. This makes it some of the most important intraday trading software available.

Make sure when you compare software, you check the reviews first. Even the ones that proclaim to be one of the ‘top 10 day trading software’, can have some serious drawbacks. Also bear in mind, the easiest trading software won’t necessarily be the best. If it’s easy because it falls short of the essentials outlined above, your bottom line may suffer.

Having said that, consider the popular and well regarded options below:

  • MetaTrader – Market leading multi-functional trading platform. Integrated with many leading brokers.
  • TradingView – The leading charting package with a wealth of technical analysis tools and the ability to build and back test strategies. Can also automate trades, and copy trade.
  • Linux software – Considered some of the fastest real time trading software around.
  • JSE software – Considered one of the best futures day trading software available.
  • MCX analysis software – One of Tim Sykes highly recommended trading software systems.
  • TD Ameritrade – Some of the best live and virtual day trading software available, scoring particularly high in US reviews.
  • Etrade software – Nifty trading software, that’s fast, reliable and used by traders of all levels.
  • Consors software – This German software offers some of the best trading simulation software for free.
  • AlgoTrader – This is ideal if you’re looking for customisable, open source software to implement automated strategies.
  • NinjaTrader – allows developers to build their own integrated indicators.
  • ZuluTrade – Automate trades or copy trading signals or traders. Popular in the US.
  • eToro – Leading Social Trading network. Copy profitable traders – or become a ‘leader’ and earn when other traders follow your trades.

Software Strategies

Choosing the right software is a hugely important decision, but part of that decision comes with ensuring that it works harmoniously with your day trading strategies. If you’re trading forex using a simple price action strategy, then you may have everything you need with your broker’s standard program software.

Tools such as TradingView can also help you build and back test strategies, including using your own code if desired.

However, if you have a complex strategy you may need software that has all the indicators and technical tools at a few clicks notice, to ensure you make fast and accurate decisions. Your strategy needs are likely to be greater and you may require optional advanced features that are often expensive.

Demo Accounts

If you want to test a specific software before committing to it, the best way to do it is a “demo account”. A demo account is a form of practice account where you trade for free with “play money” using the real software and its features. It’s a great way to trial softwares, strategies and your own skills and is something we highly recommend. We list all trading demo accounts here.

Regional Impact

Tailored for specific markets

The best trading software for Australia and Canada, may fall short of the mark in Indian and South African markets. This is simply because the software in India can be extremely different to Australian softwares. Spider software, for example, provides technical analysis software specifically for Indian markets. But if you want to trade stocks in the West, you may find that software from far afield won’t give you all the access to data feeds and news resources you need to successfully trade.

There’s also the question of cost. You can get plenty of free charting software for Indian markets, but the same powerful and comprehensive software in the UK, Europe, and the US can often come with a hefty price tag. So, make sure your software comparison takes into account location and price.

Tax Considerations

The same principle applies to day trading tax software. The accounting software needs to be able to accurately calculate how much tax is payable to your country’s specific body, the IRS for example. Apart from wasting your time, any tax errors will fall on your lap, as will any fines.

Final Word On Location

If you’re British, do your homework and find out what the best trading software specifically for the UK is. If you’re Canadian, check you won’t encounter any tax problems if you invest in accounting software from South Africa.

Take Home Points

It’s worth bearing in mind that your choice of broker can restrict the tools available to you. Free day trading software may seem like a no brainer to start with, but if it comes with the sacrifice of technical tools that could enhance trade decisions then it may cost you in the long run. Remember the best day trading software for forex may not cut the mustard when you use it for stocks, so do your research and consider all the factors outlined above. Most importantly, you wouldn’t buy a car without test driving it first, and your day trading software shouldn’t be any different.

Das Trader Review – How Does This Trading Platform Stack Up?

Das Trader Review

Summary

Das Trader Pro is a direct-access trading software packed with features. Many day traders swear by this desktop software platform. We did an in-depth review to find out if Das Trader Pro is really the ideal platform.

About Das Trader

DAS trader Pro is a direct-access trading platform with robust trading and analysis tools that make it an ideal value for active intraday traders. As a reminder, it is not a brokerage, but a standalone desktop software platform that can be connected to compatible online brokerage accounts to manage trades or be used as a research platform independently with the demo version. DAS trader can be accessed either through a licensed brokerage partner or directly from the creators for a monthly subscription fee.

DAS, Inc. is a market data provider for various exchanges, including CBSX, Nasdaq OMX, NYSE/ARCA, Direct Edge, OTC Markets, CBOE/OPRA, and BATS. They are also a connectivity provider with access to over 50 routing destinations serving institutional and retail customers. The DAS Trader PRO platform enables trader execution, portfolio management, analytics, and research capabilities.

Das Trader Pricing

The DAS trader PRO (DTP) platform can be subscribed directly from the creators at $125-per month paid through PayPal for the basic subscription that includes real-time quotes, level 2, advanced charts, and basic built-in scans.

Many online brokers, such as SpeedTrader and Cobra Trading, offer Das trader PRO at varying rates ranging from free up to $150-per month depending on traded volume, promotions, and data packages. With trading platforms, brokers may offer discounts or even waive the software and platform fees based on total number of shares traded monthly. Brokers may charge exchange and data in addition to the platform fees.

Das Trader Features

DTP offers a complete trading platform catering to active intra-day, swing, and portfolio traders. It was designed with the trader in mind. The software is not a resource hog, unlike many of the more mainstream online trading platforms. If there is one word to describe DTP, it’s’s nimble. Everything is light and nimble, from order fills to level 2 windows.

Charts

DTP charts can be configured to the basic line, bar, or candlesticks as well as more exotic types like Heiken-Ashi and Ichimoku clouds. Time frame sections range from 1-minute to 1-month with the option to have pre and post-market data applied to intraday charts. This makes a big difference for stocks that have large gaps up or down. Trend lines can be added to the charts along with Fibonacci lines, projections, and arches.

Technical Indicators

With over 20 different studies ranging from moving averages to pivot points, MACD, and stochastic oscillators, DTP has enough technical indicators to satisfy seasoned traders. Popular price and momentum technical indicators are built into the platform. It’s important to configure the data to make sure you have a large enough sample size to get accurate reads. Compared to mainstream online brokers, DTP has a relatively thin line-up of indicators, but it works for me. Less bulky bundled tools mean less system resources wasted.

Level 2/Order Entry

Surprisingly, Level 2 and time and sales are included with the subscription. DTP enables point-and-click executions with a wide range of limit and conditional orders. Traders can also choose reserve orders to hide transparency on limit orders. Direct order routing preferences can be configured on the platform to send orders to over 50 different market makers, ECNs, and dark pools. However, the scope of access relies solely on your brokerage.

Smart Route Configurability

Users can also configure the order of routing preferences and conditions based on which exchange the underlying stock is listed. There is a smart routing option that can also be configured by user and brokerage preferences. This is a true direct-access platform but needs to be connected to a brokerage account with access capabilities to be most effective.

The news feed can be activated through third-party subscriptions or brokerage platform. This platform if more tailored to technical and chart-based trading and relatively light on fundamental analysis tools.

Scanners

The scanner can be customized for specific filtered candidates. The settings are limited, but the built-in scans are very useful. I like to run the High Low Hit List during the day to find stocks making fresh moves on the day to ensure that volume and momentum are still present. It’s still valuable to have a standalone scanner like EquityFeed or Trade Ideas, but the built-in scans are still useful.

Watch Lists and Alerts

Users can set price alerts for stocks on their watch list in the Market View or Montage window.

Options Trading

DTP accommodates basic trading with options contracts if the data subscription is configured through the hosting brokerage or direct subscription. Traders can make directional trades and manual spreads. There aren’t any of the more sophisticated strategy tools that automate complex multi-leg trades.

Platform Differentiators

DTP is a flexible, robust, and nimble platform. One of the key tools that intra-day scalpers should consider is the use of hot-keys. DTP enables many convenient hot-key configurations to expedite trading processes. I like the ”Cancel All Orders” hot-key for the peace of mind from not letting an open order get accidentally filled. The range of order types, including conditional orders and bracket orders, enables me to partially automate some of my strategies.

While these aren’t unique tools, they are designed with the trader in mind to work efficiently and quickly. While larger discount brokers have beefed up features and indicators, DTP has just the right number of tools to remain nimble, stable, and robust. Efficiency is the name of the game. Having a franken platform that does a little bit of everything is a resource hog.

Compatible Brokers

DTP can be connected to Interactive Brokers accounts with subscription packages ranging from $100 to $200-per month based on data package selection. Other online direct access brokers may offer DTP as an optionable trading platform. It’s best to check with your broker if they offer DTP.

What Type of Trader is Das Trader Pro Best For?

The Das Trader Pro platform is best suited for intra-day traders that want speedy direct-access fills and the tools to make quick decisions on the fly. The platform is flexible, nimble, and efficient, which matters to seasoned traders that don’t need hand-holding. Scalpers and momentum traders will find DTP most appealing.

TopstepTrader Review

Proof you can profit, show you can manage risk and make real money trading futures. These three simple steps explain in short how TopstepTrader works.

However, things are not always as simple as they seem. Therefore I analyzed TopstepTraders funded trader program, products and services.​ I will reveal all the important aspects you have to know about in this TopstepTrader Review.

The new rules that TST implemented in 2020 are already reflected. I identified some critical points during the analysis process. So I have decided to contact TopstepTrader.

I am excited, that Michael Patak, founder of TopstepTrader answered my questions and revealed some extra information about his story and TopstepTrader’s brand new product TopstepFX.

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Table of Contents

What is TopstepTrader?

​Michael Patak founded TopstepTrader in 2020. According to INC500, TopstepTrader belongs to America’s 5000 fastest growing companies. With revenue of 5.5 M in 2020, they currently rank at #1419.

This is a clear indicator, that TopstepTraders products and services are exactly what the majority of traders is searching for.

The concept is pretty simple. Traders who qualify can trade with TopstepTraders capital on a funded futures trading account where they keep the first $5,000 in profits and 80% of the profits after that.

The monthly fee for the challenge with the name Trading Combine start at $150 per month.

Here are some more interesting statistics (based on TopstepTraders website​):

So by now, more than 2,000 traders have already succeeded in being rewarded with a funded account. ​Please notice that you have to be 18 years old to be able to be part of the program.

It doesn’t matter if you are a U.S. citizen or if you live in another country all around the world. People from 161 different countries are part of the trading community.

​Products | Services | Costs

​In the first step, you can start trading with a free 14-day practice account with $150,000 (no credit card required) or you can enter the challenge of TopstepTrader’s Trading Combine to find out if you will be evaluated for a Funded Trading Account.

TopstepTrader’s Trading Combine and also the Funded Trader Preparation are simulated accounts where you are trading in real-time while your performance is assessed to decide if you will become a funded trader.

So, what can you trade here?

​Only futures are tradeable. With both options, you have full access to trade all kinds of CME Group products like the ES (E-mini S&P 500), NQ (E-mini NASDAQ 100) and CL (Oil).

​A full list of tradeable products can be found h ​ ​ ere​. When you become a funded trader, you will also be able to trade products on the EUREX exchange.

Now it is time for more detailed information about the way to becoming a funded trader.

Become a funded trader in 2 steps

TopstepTrader’s Trading Combine – Prove that you have what it takes

When you enter the Trading Combine, you will have all the time it takes to reach the goal by trading according to the rules. However, you will have to pay for the subscription every month – from the day you signed up until the month you meet the target, or you cancel your subscription.

At every time during a Trading Combine, it will be possible to reset the balance and the rules of your account for the price of $99.

This reset fee is on top of the monthly payment and will have no influence on your monthly bill.

You will have the choice between starting with simulated funds of $30K, $50K, $100K or $150K.

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Depending on your choice the profit target, maximum position size, daily loss limit, weekly loss limit, trailing maximum drawdown and the monthly price will be different.

Another yet important aspect is that the chosen account balance in the Trading Combine​ determines the starting balance from your funded account once you complete the Trading Combine successfully.

So if you start with a $50K Trading Combine account with a monthly fee of $165, then in case of success, you will get access to a funded account with a balance of $50K.

There are 2 steps you have to accomplish during the Trading Combine:

TopstepTrader Trading Combine Step 1:

Trade at least 5 days (days do not have to be in a row) without rule breach and meet the profit target of your chosen Trading Combine.

This first step is easier to accomplish because the rules are limited to:

  1. reach the profit target,
  2. use the correct maximum position size,
  3. do not surpass the daily loss limit (which is monitored and calculated in real time during the trading day) and
  4. do not allow your account balance to hit or exceed the trailing maximum drawdown (which is calculated end of day during the Trading Combine).

Example if you have chosen the Starting Balance of $50K

What is step 1 good for?

Choosing another starting balance means to have different rules. It is essential to select the right plan carefully. Finally, if you play according to the rules and reach the profit target, then you managed to accomplish step 1 of the Trading Combine.

Trading Combine Step 2:

The TopstepTrading Trading Combine step 2 was formerly known as “TopstepTrader’s Funded Trader Preparation.”

Once you finished step 1, then your account will be reviewed once your trade reports are uploaded at 4 PM CT. The more challenging step 2 begins once you received an email from TopstepTrader confirming that step 2 is active.

In Step 2 of the Trading Combine everything starts once again. ​If you have chosen the Starting Balance of $50K, then :

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It is important to know, that you can reset step 2 in the same way as in step 1. If you reset your account in step 2, then you will stay in step 2 of the challenge, and you can reset as many times you want. However, every reset costs an additional fee of $99.

The 2nd step is more challenging then step 1 because with fewer contracts and harder rules you need to archive the same profit target again that you met in step 1.

There are many details that you have to understand before starting. Because if you do not aware of the exact details, you might fail because you didn’t realize before that there is a limitation.

As an example, if you went through step 1 trading 5 lots every time and start step 2 also with trading 5 lots, then you failed step 2 because in step 2 you have to follow the scaling plan.

Remember, you and TopstepTrader will be business partners, and it is in your both interest that you align to the best possible solution. It would be best if you never hesitated to contact them and ask any question you come up with.

When you follow the rules until you will reach the profit target, you will move on to the next step, the Funded Trader Preparation™. This is the last hurdle that needs to be overcome before the funded account.

TopstepTrader Review – The Funded Account

If you passed the 2-step evaluation of the TopstepTrader Trading Combine, then you will be funded and able to trade with real money.

Y​ou will keep the first $5,000 of your profits and 80 % of your further profits – and the best of all: There will be no risk for you since you trade on a TopstepTrader account.

Besides this, with a Funded Account, you will have some different general conditions compared to the Trading Combine. The major differences are:

More products to trade with

During the combine, traders are limited to trade futures listed on the CME. Within the funded account it is possible to trade additional products, listed at EUREX, CBOT, NYMEX, and COMEX.

However, traders have now to pay for the real-time data feed. Funded traders are responsible for the data fee cost charged by the exchange.

Moreover, since trading a prop-account means being defined as a professional trader, the fee structure is something to have in mind:

  • CME $105.00
  • ​CBOT $105.00
  • ​NYMEX $105.00
  • ​COMEX $105.00
  • ​EUREX $69.00 (Effective 04/01/2020)

So if you decide to trade products form all those exchanges, then you have to pay a monthly fix exchange fee of nearly $500.

Other fees for the trading platform

While the trading platform TSTrader can be used without a monthly platform fee, many other platforms are chargeable. I integrated a full list of all available platforms in this Topsteptrader Review.

Commissions apply

During the ​combine $3.70 were charged per round turn ($1.85 per side). Within the funded trader account, you will be charged commissions and exchange fees depending on the trading platform you use.

Here is an example provided by TopstepTrader:

Commissions differ depending on the products you trade, brokers you use, etc. Make sure to research first because commissions and feed have a high impact on your profitability.

Different rules

While the trailing maximum drawdown rule was checked at the end of the day during the Trading Combine, now trading the real money account this rules gets monitored in real time.

Once you hit the maximum drawdown value, you failed to trade the funded account, and you will get back to the ​combine. Keep that in mind! Any rule breach will get you back into the combine again. You cannot reset trading the funded account.

Withdrawals at any time possible

Withdrawals can be requested at any time, and it will take about 7 business days until the payout is made. If the payout is $500 or higher, there are no wire fees. If a payout of less then $500 is requested, then a wire fee of $50 will apply.

Trading platforms

​Trading with TopstepTrader is possible using their in-house trading platform TSTrader or with one of the other 13 platforms listed below.

Please be aware of the fact, that there are particular limitations present regarding the brokerage (only Tradovate, NinjaTrader Brokerage, Cunningham and Stage5) and data-feeds (CQG, Rithmic, and CTS) you can use.

Choosing TSTrader will be the easiest way, but if you consider using a different platform, you should contact TopstepTrader to evaluate the best possible solution suiting your needs.

Free in Trading Combine

​ Free in Funded Account

​ATAS (OrderFlow Trading)

TopstepTrader education and coaching plan:

TopstepTrader offers free trading education, performance coaching, and squawk radio.

You can join other traders in the interactive chat-room to discuss your ideas and experiences. Beside this, you will have access to:

Performance Coaching Plan:

Another essential part of the program is the so-called Performance Coaching.

In this, you will have a monthly one-to-one-session with your Performance Coach who analyzes your trades and your mistakes, which offers you advice and guidance.

Your coach enables you to improve your skills even faster by identifying your strengths and neutralizing your bad habits even quicker.

The Performance Coaching Plan includes the following:

A monthly subscription to this additional plan will cost you another $195 per month during the TopstepTrader Trading Combine, while it is completely free once you are a funded trader.

TopstepTrader also offers Squawk Radio being hosted by Eddie Horn, a trader with more than 25 years of experience.

This broadcast show is highly interactive and provides the listeners with perspectives on the markets, insights from respected professionals, interviews with experienced traders and continual updates.

​TopstepTrader ​​​​ Promo Code – 20% Off & Free Trial ​

​​*Automatic discount at the checkout (ignore the popups on their site, my automatic promo code discount is higher)

TopstepTrader – Costs and Refunds

The most difficult challenge is to calculate the overall costs using TopstepTrader. In my opinion, it is tough for beginners, to understand the total costs.

One of the reasons is that the fees are not listed in clear cases on the TopstepTrader website.

However, I found any information I was looking for using the online help center.

TopstepTrader is not hiding information, while some of them are hard to find either.

Trading Combine fees:

The price per month for TopstepTrader’s Trading Combine is clear and listed. You will pay per month:

Those subscription costs recur every month until you either cancel your subscription or reach the funded account.

Reset fee during the Trading Combine

​$99 per reset during the Trading Combine: Within your trader dashboard you have the option “reset account.” Using this function your Trading Combine account will set back to the starting point.

This is being used in the case that a trader fails to trade by the rules. Traders who reset while being in step 2 of the Trading Combine, will stay in step 2. The fee is $99 per reset, and it is on top of the monthly fee.

Exchange fees for funded traders

Once you trade the funded account, exchange fees apply (per month):

  • CME $105.00
  • CBOT $105.00
  • NYMEX $105.00
  • COMEX $105.00
  • EUREX $69.00 (Effective 04/01/2020)

Platform fees during the Trading Combine and for funded traders

Some trading platforms cost money during the Trading Combine, others are free during the Trading Combine, but cost money using the funded account and others cost something in any case.

The trading platform TSTrader is always free of charge concerning the platform fee. Check out the trading platform section within this TopstepTrader review to see more details. Here are some impressions:

Withdrawal fees for funded traders

Once you are a funded trader, you can withdraw your money at any time. However, a fee of $50 applies if you decide to pay out an amount smaller than $500.

Sample business cases

3-month membership for the Trading Combine with a starting balance of $50K, using 2 resets, never reaching the goals and using the TSTrader trading platform:

  • Membership cost: 3*$165=$495
  • Resets: 2*$99=$198
  • Trading platform: $0
  • Exchange fees: $0
  • Total costs: $495+$198=$693
  • Gross profit: $0.0
  • Net profit: -$693

6-month membership for the Trading Combine with a starting balance of $50K, using 6 resets, reaching the goal, being a funded trader for 2 months with a profit withdrawal of $3,000 using TSTrader trading platform trading CME futures only:

  • Membership cost: 6*$165=$990
  • Resets: 6*$99=$594
  • Trading platform: $0
  • Exchange fees: 2*$105=$210
  • Total costs: $990+$594+$210=$1,794
  • Gross profit: $3,000
  • Net profit: +$1,206

12-month membership for the Trading Combine with a starting balance of $50K, using 20 resets, reaching the goal, being a funded trader for 8 months with a profit withdrawal of $10,000 using NinjaTrader license trading CME and CBOT:

  • Membership cost: 12*$165=$1,980
  • Resets: 20*$99=$1,980
  • Trading platform: $890 (lifetime license with $100 rebate for TopstepTrader users)
  • Exchange fees: 8*$210=$1,680 (2 exchanges, 8 months)
  • Total costs: $1,980+$1,980+$890+$1,680=$6,530
  • Gross profit: $10,000
  • Net profit: +$3,470

Please understand that there are hundreds of potential calculations. The three mentioned above are only samples based on the pricing structure during the TopstepTrader review process.

Estimating the overall real costs upfront is impossible. Please do also understand that some of those fees would also apply trading futures with a regular broker.

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