Ok, thanks.
And what do they mean by :
"Phone call with Funding Department to discuss your trading plan."
Is it a critical interview?
I am from france. Is it a problem ?
Last edited:
Topsteptrader
- Thread starter deaddog
- Start date
And what do they mean by :
"Phone call with Funding Department to discuss your trading plan."
Is it a critical interview?
I am from france. Is it a problem ?
I had the chat a few years ago. Assuming it's the same now,you just have to state your basic strategy for placing trades. At that point you are already selected,they just want some one with a plan.
No; but understandably enough they like to verify people's identities and to hear their voice, before giving them a funded account. They have funded traders all over the world.
(I think probably they have a legal obligation to verify people's identities, actually, at some stage.)
Ok. Thanks.
Sounds all right.
I'll prepare a song.
They'll then say, OMG,
This is the Voice ! Oh Yeah.
Thanks Xela for your diligence.
Very wise.
If it doesn't do the trick, you can always re-use it for next year's Eurovision Song Contest: it can only be an improvement on this year's offerings.
I used the CTS while trading prior combines, it's a decent platform and quite functional. It took a few "fat finger" mistakes before I got used to it, so my recommendation is to go through the video tutorials before placing a trade.
Regarding fees, my understanding is you will pay $25/month if you want their charts (only for the LIVE account, the charts in the combine are free). I use TOS charts however I'd probably go with CTS charts as a backup. They also have a webtrader and mobile version, at a reduced cost than the desktop.
In the live account, you also pay the $85/month "professional" data fees.
You can review the prices for CTS and CME here:
http://www.ctsfutures.com/t4_version.aspx
http://www.cmegroup.com/market-data/distributor/files/schedule-5-cme-group-fees.pdf
Last edited:
Thanks for the information.
From TST funded account fees link,
https://topsteptrader.desk.com/customer/en/portal/articles/1971631-funded-account-fees
I can see that they charge 1$ RT for CTS.
That is the transactional way to pay for it.
Actually you got to choose the minimum.
As you said. It's either 25$ (Basics) or 200$ (Advanced).
Which corroborate with that link,
they say T4 is "free" (No monthly Costs).
https://topsteptrader.desk.com/customer/en/portal/articles/2283497-platform-comparison
Actually I use X_Trader as my main plateform.
But they don't provide it. So maybe I'll use NT for execution.
Then do everything else with X_trader. Got to see what's cheaper.
CTS T4 because I use mainly the DOM. Use no special charting.
It's said that the best DOM among these platform is CTS.
However 85$ a month for the data is EXPENSIVE.
That's what it takes to be a pro XD ...
Last edited:
Thanks for the information.
From TST funded account fees link,
https://topsteptrader.desk.com/customer/en/portal/articles/1971631-funded-account-fees
I can see that they charge 1$ RT for CTS.
That's the transactional way to pay for it.
Actually you got to choose the minimum.
As you said. It's either 25$ (Basics) or 200$ (Advanced).
Then after either 50 or 400 contracts, you add the 1$ per Roundturn.
Which corroborate with that link,
they say T4 is "free" (No monthly Costs).
https://topsteptrader.desk.com/customer/en/portal/articles/2283497-platform-comparison
Actually I use X_Trader as my main plateform.
But they don't provide it. So maybe I'll use NT for execution.
Then do everything else with X_trader. Got to see what's cheaper.
CTS T4 because I use mainly the DOM. Use no special charting.
It's said that the best DOM among these platform is CTS.
However 85$ a month for the data is EXPENSIVE.
That's what it takes to be a pro XD ...
Nice find on the Funded Trader pricing fees. Look at the costs as fixed plus variable. The fixed costs with CTS is $25/month (plus the $85 per exchange). If you trade CL, it will cost $4.92 per contract round turn. So the monthly variable costs depends on the # of contracts traded.
Other benefits include:
1. No license required
2. OCO orders held ON SERVER SIDE, unlike NT (unless you get the add on feature for $60/month to hold NT orders on a server)
3. CTS also provides the data
Regarding the $85, you're considered a "professional" trader even though you're trading a backed account. It's the same b.s. with equities prop firms, where you have to pay "professional" rates for data because you are a licensed trader. With TST, you don't even need the Series 3, but you're still considered "a professional trader."