TopStep Scaling Plan: How Does It Stack Up To Other Prop Firms?


Jeremy BiberdorfBy: Jeremy Biberdorf

February 11, 2024February 11, 2024

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The journey into the trading markets is often halted before it even begins for many, with insufficient capital being a major roadblock. This challenge has led to a surge in the proprietary (prop) trading sector, offering underfunded traders the leverage they need to bring their trading strategies to life and potentially turn a profit.

As the prop trading industry grows in popularity, firms are broadening their services to stay ahead in the game, presenting traders with a variety of funding options. These include challenges that offer indefinite time frames, opportunities for free trials, and an expanded range of financial assets to trade with. Among these innovative offerings, scaling plans by prop firms have emerged as particularly attractive.

But what’s the deal with scaling plans, and why is the TopStep Scaling plan drawing so much attention? Let’s dive deeper to understand the benefits and why it might be a standout choice for traders looking to scale their trading careers.

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What is a Scaling Plan?

A scaling plan in the world of prop trading is essentially a growth ladder for traders, allowing them to increase their trading capital based on solid performance and good risk management. It’s a win-win: traders get the chance to prove their mettle and earn more, while the prop firm gets to back their best horses, boosting its own returns. This approach ties the success of the trader directly to the success of the firm, creating a partnership where skillful trading is both encouraged and rewarded.

The beauty of a scaling plan lies in its ability to drive continuous improvement. Traders are motivated by clear milestones and the prospect of tangible rewards, pushing them to refine their strategies and trading skills. As traders hit specific targets, their trading capital gets bumped up by a certain percentage—this could be anything from 20% to 50% or even more, depending on how they’ve performed and the firm’s policy.

Prop firms often roll out these scaling plans as a way for traders to gradually increase the size of their accounts, and consequently, their potential profits. By meeting predefined profit targets without overstepping risk boundaries, traders can unlock more capital and climb to higher levels of account sizes. These plans are especially appealing for their potential to significantly boost earnings.

The principle is simple: excel in your evaluations, manage risks wisely, and you’ll see your funding—and your share of the profits—grow. This system is designed to cultivate a breed of traders who are not only profitable but consistent, with each successful evaluation extending their financial reach within the firm.

TopStep Scaling Plan

The TopStep Scaling Plan sets itself apart from most other prop firms with its unique and comprehensive approach to evaluating traders. Unlike the usual direct funding route, TopStep’s method involves a detailed assessment process aimed at identifying traders who not only possess the necessary skills but also the discipline required to succeed in the market. This evaluation journey tests everything from a trader’s profit-making capabilities to their risk management and adherence to trading rules.

At the heart of the Scaling Plan is a series of steps, beginning with simulated trading sessions and possibly including psychological assessments and continuous performance tracking. To advance, traders must showcase not just their trading prowess but also their ability to stay cool under pressure and stick to a disciplined trading strategy.

The initial capital provided is intentionally modest, encouraging traders to prioritize strategic growth and risk awareness. As they prove their consistency and reliability, they’re gradually allowed to handle larger capital amounts.

To get into the Scaling Plan, traders need a starting account size of $400 and must commit to TopStep’s strict trading guidelines. This includes practicing solid risk management, using approved automated trading systems, and meeting specific performance benchmarks.

But the journey doesn’t end with just getting to trade with real money. Traders who successfully navigate through the Scaling Plan unlock a treasure trove of benefits designed to support their continued growth in the financial markets.

From educational resources and mentorship opportunities to networking events and additional funding options, the perks are designed to enhance a trader’s career longevity and success.

Since its introduction, the Scaling Plan has significantly improved traders’ duration in their funded accounts, proving its effectiveness in equipping them for the realities of live trading while minimizing unnecessary risks.

Is TopStepTrader A Good Prop Trading Firm?

Is TopStep worth considering as your prop trading firm? Absolutely, if you value a platform that not only challenges your trading abilities but also guides you towards disciplined and profitable trading. TopStep distinguishes itself with its TopStep Scaling Plan, offering a systematic journey towards trading with real funds.

The Scaling Plan is a standout feature, providing traders with a progressive path to increase their trading capital based on performance and adherence to risk management. This approach encourages ongoing improvement, supported by TopStep’s educational resources and mentorship.

Furthermore, TopStep fosters a community where traders can share insights, adding value to the learning process. The firm’s clear guidelines and risk disclosure ensure a transparent trading environment for all involved.

In short, TopStep is an excellent choice for traders aiming to build a sustainable career in the markets, thanks to its structured TopStep Scaling Plan and comprehensive support system. Ready to elevate your trading game with TopStep? Click Here to dive in.

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Jeremy Biberdorf
Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He's a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.

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