TopstepTrader Q & A
- Thread starter Topstep
- Start date
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Hey Mr. OnePostWonder, would you mind reporting back again AFTER you get your 3rd paycheck from them? Thanks.....
i have my own live account which pays me on the same strategy with same drawdown so it doesn't matter
Then why do it?
To have another source of income sounds like youre encouraging me not to take the money when I had the opportunity to get it. There is no reason for me not to do it.
I would like to tell you about what is really happening in Topsteptrader.
I had a goal to pass a 150k combine. The goal was successfully passed.
Having started my funded account, I earned money for withdrawal.
At first I decided to withdraw $ 2000. By the rules they transfer money for 7 business days. When the time passed, I began to write them asking for my money. Some messages were answered , some were not. Particularly surprising was the fact that the company hasn’t established a system of communication with traders, you are not informed when they send money. You should write to them / call.
Finally I was informed that the Finance Team drafted the bank the email to move the money, but did not send it, it had been sitting in their drafts folder. Later, when passed much more time than 7 business days, I got my money.
After that, I asked for withdrawals for $ 3000. This time I asked to withdraw money not to a bank account, but to PayPal. After 7 business days they tried to send money, but there was an error with PayPal, which they told me. I contacted immediately with PayPal and the problem was fixed.
After I mailed to Topsteptrader that everything is OK, ready for transaction.
And the problems began.
I wrote them asking for my money.
I wrote a lot of mails, but they answered only few times. They said that their "financial" department is very busy, they don’t know when they’ll send money. I’m writing this mails already for a week.
But the funny thing I read in their monthly newsletter. According to their information, only six people withdrew money, including me, in April. Where it was an information that I brought out 5,000 usd, which of course I did not get !!!
This situation does not stimulate trading at all. They have absolutely no system of clear communication with traders, no one keeps in touch what and when, should write, call, inquire at the risk manager, asking for my wire and why the support doesn’t answer.
For a month I earned in the Topsteptrader about 8k, updating the main page with the maximum profit, posted an overview of my trade in blog. My fuse disappears, I trade with them, without information when I’ll get money.
Dear traders, everyone can pass the selection, but please, think about what will happen next. I want to warn you, take care of your nerves. And Trade well.
I had a goal to pass a 150k combine. The goal was successfully passed.
Having started my funded account, I earned money for withdrawal.
At first I decided to withdraw $ 2000. By the rules they transfer money for 7 business days. When the time passed, I began to write them asking for my money. Some messages were answered , some were not. Particularly surprising was the fact that the company hasn’t established a system of communication with traders, you are not informed when they send money. You should write to them / call.
Finally I was informed that the Finance Team drafted the bank the email to move the money, but did not send it, it had been sitting in their drafts folder. Later, when passed much more time than 7 business days, I got my money.
After that, I asked for withdrawals for $ 3000. This time I asked to withdraw money not to a bank account, but to PayPal. After 7 business days they tried to send money, but there was an error with PayPal, which they told me. I contacted immediately with PayPal and the problem was fixed.
After I mailed to Topsteptrader that everything is OK, ready for transaction.
And the problems began.
I wrote them asking for my money.
I wrote a lot of mails, but they answered only few times. They said that their "financial" department is very busy, they don’t know when they’ll send money. I’m writing this mails already for a week.
But the funny thing I read in their monthly newsletter. According to their information, only six people withdrew money, including me, in April. Where it was an information that I brought out 5,000 usd, which of course I did not get !!!
This situation does not stimulate trading at all. They have absolutely no system of clear communication with traders, no one keeps in touch what and when, should write, call, inquire at the risk manager, asking for my wire and why the support doesn’t answer.
For a month I earned in the Topsteptrader about 8k, updating the main page with the maximum profit, posted an overview of my trade in blog. My fuse disappears, I trade with them, without information when I’ll get money.
Dear traders, everyone can pass the selection, but please, think about what will happen next. I want to warn you, take care of your nerves. And Trade well.
1. Why give up 20% of the profits ?
2. You are losing the 60/40 tax advantage 1256 contracts offers by agreeing to topstep paying you via 1099 subjecting your profit to a higher tax rate and an additional self employment tax liability.
I'd be knocking on mikes penthouse looking for my money if what you are posting is true.
Post some screenshots of these emails for us to see.
He is from Riga, Latvia.- Status