TopStep is cool but that 50% withdraw limit is a deal breaker for me. I don’t need a prop firm to teach me how to trade/manage my money. The prop firms job should be just to pay me out my profits when I make them. 🤷🏾♂️
My fave interview so far Michael is a true market wizard. I love how his intentions are for the good rather than many currently in the game of selling info/accounts who are simply preying on ppl wanting to get rich quick.
Great interview, Korbs. I am at the stage where I pass my evaluations (which is a great achievement) but blow up my funded accounts before getting to any payouts. Listening to this interview is a great help in focusing and perspective setting. Thanks.
Who does this guy think he is telling us what’s best for us. If I want multiple accounts and cheaper prices it doesn’t mean I’m a gambling addict with no control.
Excited for the new developments coming for top step! If they eliminate 2 step verification + count micros as 1/10th instead of full size, I’ll def be there! Great interview Korbs!
I would go back to TOPSTEP and they were the first company I was with for many years but I can't trade micros at 1-10 which makes me feel forced to trade mini's which I'm not a fan of.
Talk about why a trader should pick your funding company? Stop complaining. Talks points why I should trade with TopStep. Looks like you losing traders.
Let it slip about his 'SRO' "best way to gov- (ern)". There should be strong regs for scams but free enterprise so that competition forces these companies to improve and get rid of annoyances like equity trailing stop, payout limits and other, obvious predatory and shady practices. SRO's are always susceptible to conflict of interest. Also, as a trader grinding extremely hard, I'm not interested in your 'development' as a cop out for annoying rules. I just want the best deal, platform + integration flexibility, contract flexibility, and quick and easy payouts. The 5 contract limit on the 50K account is annoying.. can't run enough micros for gains, and if using mini's you'll be overleveraged or lacking runner flexibility on trades. Fix that sht, or make the '100K equivalent' account cheaper with a bigger drawdown to match the ratio on the 50.
@@inspiredbygllty2466 you can trade 5 micros, but that's not really leaving lots of space to take out that profit target within a month, and they charge a lot. Not trying to pay that twice for their challenges. Apex offers far more micros to use in their accounts. I don't like their payout BS though and unaware of their tradingview integration.
I find it pretty ironic that he repeatedly is focusing on what OTHER prop firms are doing and dissing his competition (which is paying out 4x what he is)... seems deserate and pathetic. AND, you go along with it and seem to agree with his take while still promoting Apex and your affiliate?? Seems a little weird
I agree, I do not understand why is he indirectly trying to call out Apex, logically, a gambler trader is better of buying apex accounts at 90% off and losing them than go for TST accounts at full price. Even more, TST does not offer anything better than apex, apex even has a-higher drawdown limit on their challenges. Plus the monthly activation fee is very good for traders who got their first PA account, as the chances they will lose a PA account is high and personally I would not pay a one-time fee until I feel I'm consistent with my trading. I've never seen APEX get involved in petty drama or prop-firm bashing, and the bs about growing the trading community as a whole is getting old. Prop-firms are there to make money, they can only survive if people lose money, and there is nothing wrong with that.
I like what I’m hearing. I went with a cheaper challenge and I failed because I hit the max daily drawdown. I thought I would just get locked out until the next day but it failed me. I like that this company invests into the traders. I definitely want to look more into this. Right now I’m on a $10k demo and figure when I get the account to $11k, I’ll pay for another challenge. I’m almost there. I was mad one day and lost $1,500 on one trade and decided to take it seriously and made it back in 3 days so I’m gaining confidence.
Obviously top step has been around for so long, but what is the actual rules by the SEC about these companies? Seems to be popping up everywhere now and with the added popularity I’m sure there are some eyes on these companies. Always been curious about the sustainability of these companies
The model of apprenticeship or a collateral payment for a possibility of a funded account aka 'prop shops' have existed for decades. It's just that now the entry into them is quite low cost Vs thousands $ that they used to cost means more people know about them.
Because ICT has been predominantly trading futures only for the last 12 months and Topstep is the best FUTURES prop firm, his son is doing there combine, and he probably wants everyone to listen to what the CEO has to say. This is also the first time ICT is posting anything about a prop firm company
Awesome! Topstep and Apex are my 2 favs for sure 😊 Am trading Topstep as we speak (will upload soon my experience, after having been funded in 2022 but had taken a break end of the year). Def. one of the best. Even move you to step 2 immediately if you have been funded be4 (gotta email them) 😁👌
Nice. Between Apex and Topstep, which one do you find better? Also, have you got slippage when you trade multiple futures accounts with the same firm? Been wondering if that's an issue here. Forex funding firms are notorious for that.
@@FrozenSkyy However, - Topstep is more cost upfront (small 20-30% discounts) - and less drawdown (only $1k daily and $2k overall drawdown) - BUT the daily isn't a rule break (anymore!) and next day you can continue - and the max trailing drawdown only gets updated daily (not intraday) - AND NO FEE once you're funded, initially, as they put you in the Express Funded acct. which is demo and they don't even charge data fees. Only once you've been consistently profitable, they will move you to LIVE (just like Apex, but you do pay $85 monthly from the start with Apex or $140 fixed for live-time fee) and only in LIVE account with Topstep do you pay about $125 per exchange monthly (I only trade CME and I think most people do) WITHDRAWAL is also personal taste what you prefer: - Apex requires 10 trading days (lose or win) and - take any amount out once you're above your ($2,5k) drawdown (at own risk, I would suggest at least double the drawdown before you take any out) - and min is (right now) $500 and max is $2k per 2 weeks (fixed times during the month that you can request withdrawal) for first 4 months - First $25k is 100% (!) profit share, 90% after, - Topstep is $10 100% profit share and 90% after - Topstep is only 5 days for withdrawal, but has to make $100/day or more! - Initially can only take out 50% of your profits (but no $ limits) until you choose to close the account
@@fernandohalmo Both! ✅ (I'm trading with both, but I like some things on each of them better, like the withdrawal policy on Topstep vs Apex...at least the 1st 3 monhts)
@@FrozenSkyy Just uploaded a brief comparison as I started funding challenges with both of them (and they did change some rules recently, mostly for the better!..)
Did you get in on their new 1 Step discount? (I made a vid about it) It's huge for Topstep and only 1 step (plus the earlier mentioned daily loss not being an account losing rule anymore 🤗)
TST is one of the most controversial funding companies. They have always offered garbage deals for traders. I don't doubt they payout and they invented the "pay for tryout model". But, real prop has always been about scaling up traders. Without a scale up for actual firm capital, no reason to do it. TST always changed rules, added rules to fail traders, extra steps, etc. They are one of the worst. No reason anyone should use them when better options like APEX exist. Of course, they TST don't you have to have multiple accounts-- the kind that would allow a trader to make real money. Money you make is money they risk.
Sounds like you guys set down and found the most savvy way to keep traders from adequately and comfortably using your platform to trade and take their complete profit after they’ve earned it. Smh.
Thanks everyone for the support! Who would you like to see in the next Speculators Podcast episode? And if you liked this video, you might like the Speculators Podcast Newsletter even more 🍻🍻: go.tradacc.com/Speculators-Newsletter
I was paid once based on a 10 day period at the beginning of March. I then traded another 10 day period and requested a payout; they denied the 2nd payout based on 1 of the days in the first [already approved] period representing more than 30% on their consistency rule. They denied it 3 times (one through the site, twice from low level reps), then someone in customer service acknowledged that they were wrong. They banned my account then.
honestly sounds like hes poo pooing his competition under the guise of helping traders like they are children who need someone like him to make decisions for them. self governing association sounds like a codeword for cartel.
Topstep is a scam, Apex is much better. Topstep will literally switch you from end of day trailing drawdown to intraday once you get funded. Such a scam
That is absolutely incorrect. Topstep has EOD drawdown for all evaluations and funded accounts. Apex is Intraday, Unrealized PNL, High Water mark trailing drawdown (the worse rule every created). But you do you.
@@durduwsku High water mark trailing does not even matter in evaluation as your profit target is just 3k and you have more than enough time to reach it, the only people who have a problem with it are the same ones that want to pickup 6 ES contracts and try to clear the challenge in one day. Once you get funded, that trailing stops after first $100.
Sounds like you guys set down and found the most savvy way to keep traders from adequately and comfortably using your platform to trade and take their complete profit after they’ve earned it. Smh.
Ict sent me here via Twitter
+1
He did that to us 😂.
Bro chill
Same here bro 😀
It's another great interview 👏
MP is the real deal and TopStep's doing great things for this space. They actually care about traders being successful.
🍻🍻
TopStep is cool but that 50% withdraw limit is a deal breaker for me. I don’t need a prop firm to teach me how to trade/manage my money. The prop firms job should be just to pay me out my profits when I make them. 🤷🏾♂️
Then trade your own money homie, if you don't need them don't use them lol.
You sound like you need a personal account so you can trade however your heart desires..😊
I want to see other prop firm CEO's take up on this challenge that would be great.
thanks gentlemens for this discussion !! I passed a 150k challenge few weeks ago, and to me TopStep is one of the most serious prop ❤
My fave interview so far Michael is a true market wizard. I love how his intentions are for the good rather than many currently in the game of selling info/accounts who are simply preying on ppl wanting to get rich quick.
🍻🍻
Patak is the absoulte best and cares about the community as a whole. It's not BS.
Saw ICT's tweet and jumped over to watch. This was eye opening. Awesome interview. Thanks.
This is my first time on Korbs channel. I saw my CEO on this video, so I pressed the play button.
Thank you so much for this interview Korbs. This conversation was the best!
Great interview, Korbs. I am at the stage where I pass my evaluations (which is a great achievement) but blow up my funded accounts before getting to any payouts. Listening to this interview is a great help in focusing and perspective setting. Thanks.
People make decisions emotionally and use logic to justify their decisions. That's human nature. The fasterr we understand and master this the better.
Patak is that guy! I love Top Step!! You can make money and master your discipline
🍻🍻
Love that trading places movie, I still watch it til this day!
🍻🍻
Awesome interview with Mike, Korbs. Great job 👏 This is why Topstep guys have a special place in my heart.
Who does this guy think he is telling us what’s best for us. If I want multiple accounts and cheaper prices it doesn’t mean I’m a gambling addict with no control.
I can make good money and spread my risk this way
100% he sounds like an angry man that is upset because someone came in and is doing better than he is...
love topstep and love MP 💪
🍻🍻
This video is great!! We know more about topstep and the person behind it. Looking forward to the new developments at topstep.😊
Now we just need to interview Apex folks with "Hit em up" playing in the background. Let me go grab some popcorn.
Excited for the new developments coming for top step! If they eliminate 2 step verification + count micros as 1/10th instead of full size, I’ll def be there! Great interview Korbs!
Yeah I never understood the micros being the same limits as the minis
1 step 1 rule
Now
so happy to see this!
ICT sent me here..
I would go back to TOPSTEP and they were the first company I was with for many years but I can't trade micros at 1-10 which makes me feel forced to trade mini's which I'm not a fan of.
I'm convinced...Korbs is Dolby with a full beard
ICT sent me here
ICT send me here! Will be heading to Top Step soon🔥
Great interview! lot of value out of it! Tks Korbs, keep it up!
Talk about why a trader should pick your funding company? Stop complaining. Talks points why I should trade with TopStep. Looks like you losing traders.
Great interview. Patak reminds me of a less chaotic Dave Portnoy lol
ICT, got me here
ICT brought me here
ICT sent me here…
Let it slip about his 'SRO' "best way to gov- (ern)". There should be strong regs for scams but free enterprise so that competition forces these companies to improve and get rid of annoyances like equity trailing stop, payout limits and other, obvious predatory and shady practices. SRO's are always susceptible to conflict of interest. Also, as a trader grinding extremely hard, I'm not interested in your 'development' as a cop out for annoying rules. I just want the best deal, platform + integration flexibility, contract flexibility, and quick and easy payouts. The 5 contract limit on the 50K account is annoying.. can't run enough micros for gains, and if using mini's you'll be overleveraged or lacking runner flexibility on trades. Fix that sht, or make the '100K equivalent' account cheaper with a bigger drawdown to match the ratio on the 50.
Exactly you either get to trade 2 micros or 2 minis and he says he wants people to focus on downside risk
@@inspiredbygllty2466 you can trade 5 micros, but that's not really leaving lots of space to take out that profit target within a month, and they charge a lot. Not trying to pay that twice for their challenges. Apex offers far more micros to use in their accounts. I don't like their payout BS though and unaware of their tradingview integration.
Great interview 👏🏽
Korbs reminds me of Johnny Harris
I find it pretty ironic that he repeatedly is focusing on what OTHER prop firms are doing and dissing his competition (which is paying out 4x what he is)... seems deserate and pathetic.
AND, you go along with it and seem to agree with his take while still promoting Apex and your affiliate?? Seems a little weird
I agree, I do not understand why is he indirectly trying to call out Apex, logically, a gambler trader is better of buying apex accounts at 90% off and losing them than go for TST accounts at full price. Even more, TST does not offer anything better than apex, apex even has a-higher drawdown limit on their challenges. Plus the monthly activation fee is very good for traders who got their first PA account, as the chances they will lose a PA account is high and personally I would not pay a one-time fee until I feel I'm consistent with my trading. I've never seen APEX get involved in petty drama or prop-firm bashing, and the bs about growing the trading community as a whole is getting old. Prop-firms are there to make money, they can only survive if people lose money, and there is nothing wrong with that.
ICT recommended me here 🤔
I like what I’m hearing. I went with a cheaper challenge and I failed because I hit the max daily drawdown. I thought I would just get locked out until the next day but it failed me. I like that this company invests into the traders. I definitely want to look more into this. Right now I’m on a $10k demo and figure when I get the account to $11k, I’ll pay for another challenge. I’m almost there. I was mad one day and lost $1,500 on one trade and decided to take it seriously and made it back in 3 days so I’m gaining confidence.
holding 50% of your profit is a deal breaker for me
Topscam
Obviously top step has been around for so long, but what is the actual rules by the SEC about these companies? Seems to be popping up everywhere now and with the added popularity I’m sure there are some eyes on these companies. Always been curious about the sustainability of these companies
The model of apprenticeship or a collateral payment for a possibility of a funded account aka 'prop shops' have existed for decades. It's just that now the entry into them is quite low cost Vs thousands $ that they used to cost means more people know about them.
Iowa State! Me too. 96-99.
Why ICT posted this?
Because ICT has been predominantly trading futures only for the last 12 months and Topstep is the best FUTURES prop firm, his son is doing there combine, and he probably wants everyone to listen to what the CEO has to say. This is also the first time ICT is posting anything about a prop firm company
Thanks
ICT send me here.
topstep is the best no doubt
Is it really a 4% trailing stop? That seems too tight to make a real go at trading.
At that level, I’d risk 0.25% per trade, which probably won’t get you over the fee hurdle.
Awesome! Topstep and Apex are my 2 favs for sure 😊
Am trading Topstep as we speak (will upload soon my experience,
after having been funded in 2022 but had taken a break end of the year).
Def. one of the best.
Even move you to step 2 immediately if you have been funded be4
(gotta email them) 😁👌
Nice.
Between Apex and Topstep, which one do you find better?
Also, have you got slippage when you trade multiple futures accounts with the same firm? Been wondering if that's an issue here. Forex funding firms are notorious for that.
@@FrozenSkyy However,
- Topstep is more cost upfront (small 20-30% discounts)
- and less drawdown (only $1k daily and $2k overall drawdown)
- BUT the daily isn't a rule break (anymore!) and next day you can continue
- and the max trailing drawdown only gets updated daily (not intraday)
- AND NO FEE once you're funded, initially, as they put you
in the Express Funded acct. which is demo and they don't even
charge data fees.
Only once you've been consistently profitable, they will move you to LIVE
(just like Apex, but you do pay $85 monthly from the start with Apex
or $140 fixed for live-time fee) and only in LIVE account with Topstep
do you pay about $125 per exchange monthly (I only trade CME
and I think most people do)
WITHDRAWAL is also personal taste what you prefer:
- Apex requires 10 trading days (lose or win) and
- take any amount out once you're above your ($2,5k) drawdown
(at own risk, I would suggest at least double the drawdown before
you take any out)
- and min is (right now) $500 and max is $2k per 2 weeks (fixed
times during the month that you can request withdrawal) for first 4 months
- First $25k is 100% (!) profit share, 90% after,
- Topstep is $10 100% profit share and 90% after
- Topstep is only 5 days for withdrawal, but has to make $100/day or more!
- Initially can only take out 50% of your profits (but no $ limits)
until you choose to close the account
Apex! Anyday!
@@fernandohalmo
Both! ✅
(I'm trading with both, but I like
some things on each of them better,
like the withdrawal policy on Topstep
vs Apex...at least the 1st 3 monhts)
@@FrozenSkyy Just uploaded a brief comparison as I started funding challenges
with both of them (and they did change
some rules recently, mostly for the better!..)
Mic is kinda suffocated
Daily stop loss is huge. Ninja trader locks me down when i hit mine. Auto discipline.
Yeah, and they changed it
(Now it locks you out that day but
you keep the account if you
haven't hit the max drawdown 👌)
Did you get in on their new 1 Step discount?
(I made a vid about it) It's huge for Topstep
and only 1 step (plus the earlier mentioned
daily loss not being an account losing rule anymore 🤗)
TST is one of the most controversial funding companies. They have always offered garbage deals for traders. I don't doubt they payout and they invented the "pay for tryout model". But, real prop has always been about scaling up traders. Without a scale up for actual firm capital, no reason to do it. TST always changed rules, added rules to fail traders, extra steps, etc. They are one of the worst. No reason anyone should use them when better options like APEX exist. Of course, they TST don't you have to have multiple accounts-- the kind that would allow a trader to make real money. Money you make is money they risk.
You can't scale APEX. So your criteria that you stated at the beginning of your argument doesn't follow.
Sounds like you guys set down and found the most savvy way to keep traders from adequately and comfortably using your platform to trade and take their complete profit after they’ve earned it. Smh.
Thanks everyone for the support! Who would you like to see in the next Speculators Podcast episode?
And if you liked this video, you might like the Speculators Podcast Newsletter even more 🍻🍻: go.tradacc.com/Speculators-Newsletter
Is there a way you can ask this futures prop owner or other futures prop owner how they think t+1 will affect futures traders or trading in general?
Apex CEO? Or Hannah forex🤙
Anybody here have issues with APEX they can speak on?
I was paid once based on a 10 day period at the beginning of March. I then traded another 10 day period and requested a payout; they denied the 2nd payout based on 1 of the days in the first [already approved] period representing more than 30% on their consistency rule. They denied it 3 times (one through the site, twice from low level reps), then someone in customer service acknowledged that they were wrong. They banned my account then.
Apex is killing you !!! You can’t compete, so you want to regulate the industry ?
shill
honestly sounds like hes poo pooing his competition under the guise of helping traders like they are children who need someone like him to make decisions for them. self governing association sounds like a codeword for cartel.
Damn he blew that shit up on 9/11
, by his own words
We all know what company he is referring to *cough* apex *cough* lol
I agree. TOPSCAM
Topstep is a scam, Apex is much better. Topstep will literally switch you from end of day trailing drawdown to intraday once you get funded. Such a scam
That is absolutely incorrect. Topstep has EOD drawdown for all evaluations and funded accounts. Apex is Intraday, Unrealized PNL, High Water mark trailing drawdown (the worse rule every created). But you do you.
@@durduwskuYou’re right but topstep limits micro trading with a 50k is either 2 micros or 2 minis on the scaling plan
@@durduwsku High water mark trailing does not even matter in evaluation as your profit target is just 3k and you have more than enough time to reach it, the only people who have a problem with it are the same ones that want to pickup 6 ES contracts and try to clear the challenge in one day. Once you get funded, that trailing stops after first $100.
@@vedictradesra Which btw - is likely 99% of Apex traders. And why they have this. They are a casino, that is all.
One od the best pyramid scheme 👌
Apex refugees lmao
DONT CARE
scammer
ICT sent me here
ICT sent me here…
Sounds like you guys set down and found the most savvy way to keep traders from adequately and comfortably using your platform to trade and take their complete profit after they’ve earned it. Smh.