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 Topstep®, 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 per month, depending on the trading platform:
|
Exchange |
Permitted Product | Tradovate, TradingView | All Other Platforms |
|---|---|---|---|
| CME | $122 per month | $116 per month | |
| NYMEX | CL, QM, NG, QG | $122 per month | $116 per month |
|
COMEX |
GC, SI, HG | $122 per month | $116 per month |
| CBOT | ZC, ZW, ZS, ZM, ZL, YM, MYM, ZT, ZF, ZN, ZB, UB, TN | $122 per month | $116 per month |
*Due to CQG data fees, the cost per exchange per month is larger on the Tradovate platform compared to other available platforms.
In the Trading Combine®, you can trade all of our Permitted Products. In the Live Funded Account, you would need to subscribe to CME, CBOT, NYMEX, & COMEX to trade all of the Permitted Products, which would cost $464 or $488 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 Live Funded Account.
These are the round-turn costs you will incur in the Live Funded Account, which are 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 $ 0.72 to $ 2.04
Exchange Fees: Set by the exchange and differ by instrument ranging from $2.46 to $4.30 for our permitted products.
Examples:
|
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: What round-turn commissions and fees do I have to pay in the Live Funded Account? |
In the Trading Combine®, we are able to cover the Platform feed for many of our supported platforms through our partnerships. NinjaTrader 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®.