What are the differences between the Premium Funded Account® and Legacy Funded Account?

What is the Premium Funded Account®? 

The Premium Funded Account is a live trading account with a starting balance equal to the simulated profits in your Pro Account™ ($5,000 for a standard Premium Funded Account® and $2,500 for a Swing Premium Funded Account). The Premium Funded Account begins after you have met the Pro Account objectives without breaking any rules. 

We will set up the Premium Funded Account with our brokerage partners. Your account will be set up on the same platform that you used in the Pro Account. Not sure what the Pro Account is? Review our Pro Account frequently asked questions page here.

**The 10K Swing Trading Combine is no longer available for purchase**

What is the Legacy Funded Account?

The Legacy Funded Account is a live trading account that allows you to trade live markets backed by Topstep’s capital. The Legacy Funded Account has all the same account parameters as Step 2 of the Trading Combine®. Traders in this account will begin with a $0 balance.

We will set up the Legacy Funded Account with our brokerage partners. Your account will be set up on the same platform that you used in the Trading Combine. Not sure about the differences between the Legacy Funded Account and the Trading Combine? Review the differences here.

What are the differences between the Premium Funded Account® and Legacy Funded Account? 

The most obvious difference is that the Premium Funded Account begins with a balance equal to the end balance of your Pro Account (either $5,000 or $2,500), and the Legacy Funded Account begins with a $0 balance.

There are also subtle differences between the Legacy Funded Account parameters and the Premium Funded Account parameters:

Daily Loss Limit (Objective)

• The Daily Loss Limit Objective is the same in both the Premium Funded Account and the Legacy Funded Account during Step 2 of the Trading Combine for standard Futures accounts. 
• There is no Daily Loss Limit in the Swing Premium Funded Account or Swing Legacy Funded Account.
• The Daily Loss Limit is replaced by the Weekly Loss Limit in both the Swing Premium Funded Account and Swing Legacy Funded Account is $500, the same as during Step 2 of the Trading Combine.

(Trailing) Max Drawdown

• The Trailing Max Drawdown of the Premium Funded Account is $0, carried over from the account balance high of the Pro Account. The Trailing Maximum Drawdown of the Legacy Funded Account is the same as during Step 2 of the Trading Combine.
• The Max Drawdown of the Swing Premium Funded Account is $0. The Max Drawdown of the Swing Legacy Funded Account is the same as during Step 2 ($1,000).
• You may also view the differences between the Premium Funded Account and Legacy Funded Account parameters below.