Can I switch to the Live Funded Account at any time?
We want traders to get some good momentum in their Express Funded Account™. Therefore, you would not be able to move to a live account at any time. However, our Risk Managers are closely monitoring traders in the Express Funded Account™ and will reach out when they believe you should be moved to live. This will vary for each trader on a case-by-case basis based on performance and consistency.
What are the fees?
There is no monthly charge for your Express Funded Account™. If your platform was free in the Trading Combine®, it would be free in the Express Funded Account™ as well. If you were paying a monthly charge for your platform, you would continue to pay that charge.
How long does it take to receive my Express Funded Account™?
You should receive your credentials within 1-2 business days after submitting your contract.
What are the rules for the Express Funded Account™? What happens if I break a rule?
The Express Funded Account™ rules are calculated the same as Step 2 of the Trading Combine®. There are no targets in the Express Funded Account™.
If you break a rule in the Express Funded Account™, you will receive a detailed email after the Trade Reports are updated with the next steps. Additional information about Rule Violations can be found here.
How do I request a payout?
Traders can request a payout of up to 50% of their account balance after accumulating five winning trading days per payout request. A winning trading day is counted when a day’s Net PNL is $100 or more. Additional information about the Express Funded Account™ Payout Policy can be found here.
What Happens When I Transfer to the Live Markets?
When Topstep® determines that a trader has shown consistent success in the Express Funded Account™, you will receive an email to transfer to a Live Funded Account. At that time, the Express Funded Account™ will be closed in order to transfer funds and open the live account.
The full balance of the Express Funded Account™ will be the starting balance of the subsequent live account. You can request a payout during your transfer to live. The Live Funded Account begins with a $0 Trailing Maximum Drawdown.
How do we use your data?
The Express Funded Account™ is a simulated account that allows you to earn from your trading without additional fees. This account speeds up your time to earning(get started in two business days!)while allowing Topstep to more effectively manage risk.
Your trades inform our live prop firm trades, and we both earn real money.