Once you have passed the Trading Combine®, your monthly subscription goes away and unfortunately there are no more resets. As a funded trader with Topstep, you will be responsible for the cost associated with running a Professional Trading Business as outlined below:
To trade live with us you need to subscribe to Professional Data from the Exchanges. Topstep collects these data fees monthly via credit card as the exchanges debit us directly. Please note that Topstep does not profit from these fees, we are simply passing along the cost from the exchange.
Below is the cost per exchange along with corresponding contract symbols within each exchange:
In the Trading Combine®, you can trade all of our Permitted Products. In the Funded Account®, you would need to subscribe to CME, CBOT, NYMEX, & COMEX to trade all of the Permitted Products, which would cost $420 per month.
Whenever you are trading live capital with us you are considered a Professional Trader in the eyes of the Exchange and their fee structure is different for Professionals and Non-Professionals. You can likely subscribe to cheaper data through your personal brokerage account because that account is classified as a Non-Professional. You will be classified as a Professional Trader whenever trading with us in the Funded Account.®
Check out the video below for a better explanation:
These are the round turn cost you will incur in the Funded Account®, which is deducted from your brokerage account balance. This works similarly to the $3.70 round turn fee per lot calculated in the Trading Combine® to emulate this professional trading cost.
Commissions & Fees: These go to the brokerages and range from $ 0.22 to $ 2.04
Exchange Fees: Set by the exchange and differ by instrument ranging from $2.46 to $4.30 for our permitted products.
Tip: See the article linked below to see a breakdown of round turn commissions and fees by platform and product to calculate the commissions and fees for your personal setup:
In the Trading Combine®, we are able to cover the Platform feed for many of our supported platforms through our partnerships. Ninja Trader is an example of a platform that can be used for free in the Trading Combine® but the trader is responsible for covering the platform license cost in the Funded Account®.