July 2023 Update – This post below was from a previous update of Topstep. Note that they have since gone on to make further changes to benefit traders. I am leaving this post up just to memorialize the changes made back then, but please know that the information below is out of date.
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So Topstep changed how their combines work for the better. I think the competition finally got to them.
Before we get to the changes, if you are new to Topstep, you get 20% off your combine by using my link. This is only for new sign ups, but be sure to use it if you are going to sign up with Topstep.
No More 20 Second Rule
Topstep introduced a 20 second rule earlier this year, where more than 50% of your trades had to last longer than 20 seconds. This rule wasn’t met with much excitement. Their justification was that most traders who are successful according to their statistics don’t take quick trades.
The real reason was they were being taken to the cleaners by scalpers who were abusing the sim and its favourable fills.
None the less, they’ve done away with this rule.
Step 2 Now Only 3 Days Needed!
So Topstep has a 2 step process. Step 1 is trade 5 days, and that hasn’t changed.
Step 2 though now interestingly they’ve done away with the minimum 10 days, and have made it a consistency rule, where your biggest day can’t be more than 40% of your total profits when done. So essentially you can finish in as soon as 3 days.
You can see below the change.
So Is Topstep A Great Choice Now?
Honestly not sure. The biggest drawback to Topstep was they were super heavy on the rules, and this does help make things better.
I’ve still heard of people waiting up to 3 weeks for withdrawals which I don’t think is great, but such is life. They are also still one of the more expensive prop firms.
But that said, it is 100% a big benefit with these 2 major changes. I recommended Topstep before and I still do. Just be sure to read all the rules and make sure they fit with your goals.
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