Things to consider:

You will always have to consider following things if you want to become a pro trader.

Trading Charges

The trade fees and costs levied by the prop firm are a vital consideration as well. For a day of traders who do 100–500 transactions in a single trading day, trading costs are a significant issue. In some cases, even though you had a profitable trading day, you still wound-up losing money because of the fees you had to pay. So what is a prop trader and what is the fee for starting the trade.

Ask the prop brokerage firm what the platforms fee is, the trade fees for the market you have decided to trade on, and if there are any other hidden fees or costs you need to be aware of to fix this issue (withdrawal fees, for example). Furthermore, we advise you to find out if your prop firm has a rebate trading programme.

Scaling Plan

Prop trading companies typically include a scaling plan so that the trader can develop and expand the size of the account in response to the trader’s success. A prop trading company might provide an initial account size of $50,000, for instance. However, the prop business gives the investor the option to grow to the next level with a greater account balance if the trader is successful in concluding the first evaluation period in profit.

Basic Salary

As was already indicated, some prop trading companies provide a base monthly income, but it is frequently rather low and may have an impact on your profit-sharing arrangement. These base wages are typically provided to traders to help defray their basic expenses and permit them to concentrate on their trading success.

However, it is quite rare to locate a remote prop trading company that pays a base income. So, if you insist on earning a steady income, you’ll need to get hired by one of the major prop trading companies in the business and go the conventional route of reporting to work and cooperating with other traders and management.

Reputation

The prop trading company should, finally, have great user evaluations and a solid reputation. To view the trading agreement and terms & conditions page, go to the company’s website. To learn more about the business and its offerings, visit TrustPilot and other websites. With our discount code, the cost of the Trading Combine challenge starts at $132 each month.

TopstepTraders:

Here are some further intriguing facts:

• Over 10,000 traders have exchanged funds on TopstepTraders.
• 8,389 in 2021 & 6,033 in 2020 are funded accounts.
• Processing of over $3,200,000 in withdrawals in 2021
• Processing of $2,000,000+ in withdrawals in 2020
• 97% of sponsored traders are satisfied
• Available performance coaching
• supported by 14 trading platforms
• Trustpilot the 4.3/5 TrustScore (1,386 Ratings)

In the past two years, more than 10,000 traders have already been successful in receiving a funded account as compensation.

It makes no difference if you are a citizen of the United States or if you reside elsewhere in the world. Members of the trading community come from 143 different nations.

Topsteptrader Trading Combine: Demonstrate Your Competence

You will have as much time as necessary to complete the task by trading in accordance with the rules after you enter the Trading Combine. However, from the day you joined up until the month you reach the goal or cancel your subscription, you will be required to pay a monthly subscription fee.

The cost of $99 will allow you to reset your account’s balance and rules at any moment during a Trading Combine. This reset cost is in addition to the monthly payment and has no bearing on your bill’s monthly amount.

You can choose to start with $50K, $100K, or $150K in simulated funds. The 50k account’s standard price starts at $165. You can also choose the $150K accounts for $375 per month or the $100K account for $325. The $50k account is the most popular.

TopstepTrader  profit objective, maximum company’s growth, daily losing limit, weekly loss limit, trailing limit drawdown, and monthly price will all vary depending on your decision.

The chosen credit limit in the Trading Combine sets the starting sum from your funded accounts once you successfully finish the Trading Combine, which is another crucial factor.