Below are the account parameters for the Micros Trading Combine. For more information on the program, please look at the following links. When you are ready to get started you can do that here.
- Program Frequently Asked Questions
- Platform Help
- Topstep program, billing, payments, resets, or the dashboard.
- Important information to know before starting
Frequently Asked Questions
- What does Max Position Size of 5 micro lots mean?
- What is the Weekly Loss Limit?
- What is the Maximum Drawdown?
- When and What Products Can I Trade?
- Do you have the same rules for Steps 1 and 2? Why?
- How much is a reset?
- What are the commissions and fees per round turn trade?
- I already have a regular Futures Trading Combine with you, can I have a micros one as well?
- Can I have a Forex Account and your futures accounts?
- Important Micros Information
What does Max Position Size of 5 micro lots mean?
The Maximum Position Size is the maximum position allowed (absolute value) at any given time. For example, you may be long 2 micro S&P and short 3 micro Nasdaq without exceeding your 5 micro lots. If you wanted to add any additional lots, you would need to close one or both of the previous trades.
What is the Weekly Loss Limit?
The Weekly Loss Limit is the maximum amount you may lose at any point in a calendar week (Sunday night through Friday). If you lose more than $500, you will have broken the Weekly Loss Limit rule. In the Trading Combine®, this rule is updated at the end of each active trading day once your trade report is updated but will include unrealized and realized P&L. In the Funded Account™, your Weekly Loss Limit will be calculated intraday using realized and unrealized P&L. We recommend to use your account balance to look at how much you have lost in the week. Your Trader Dashboard will also have this information.
What is the Maximum Drawdown?
The Maximum Drawdown is the most your account can lose overall before the rule is broken. The Maximum Drawdown for the Micros Trading Combine is $1,000 and it does not trail. Meaning, you may not lose more than $1,000 from the starting balance ($10,000). If your account balance goes below $9,000 at anytime it will be a broken rule.
When and What Products Can I Trade?
In the Micros Trading Combine you can hold trades at any time, including overnight, over the weekend, and through all economic releases. However, we highly recommend you use caution when trading during those times. You are allowed to trade MES (Micro S&P), MNQ (Micro Nasdaq), M2K (Micro Russell 2000), and MYM (Micro Dow). More info about all four of these can be found here.
Do you have the same rules for Steps 1 and 2? Why?
To make things easier to understand we require traders to follow the same rules in Steps 1 and 2. The reason that we require traders to complete the Profit Target twice to prove consistent trading. Step 2 ensures that traders did not just get lucky with 1 trade. Since there is no minimum days, you can pass each step in as little as 1 day.
How much is a reset?
Resets are $59 each. Click here for more information about resets.
What are the commissions and fees per round turn trade?
In the Micros Trading Combine, commissions and fees are $0.60 per side ($1.20 per round turn trade).
I already have a regular Futures Trading Combine with you, can I also trade micros with you?
Yes, we allow traders to have both a regular Futures Trading Combine account and a micros one. These accounts cannot be combined and will need to be traded separately. Due to brokerage rules, you will only be able to have one (1) Funded Account at a time. This means that you successfully complete two Trading Combine accounts, you would have to put one on hold as you cannot trade both at the same time. More information here.
I already have a Forex Trading Combine with you, can I also trade micros with you?
You can absolutely have a Forex Trading Combine and micro account with us! Since they are both separate asset classes you will be able to have a Funded Account in both programs at the same time.
Important Micros Information Before Getting Started
If you would like to place a stop or any pending order for your trade, please use a GTC (Good till cancel) order. Any other order type will be erased between 3:10 PM CT - 5 PM CT while the market is closed.
You may not be able to place new traders or close out of current trades during 3:10 PM - 5 PM CT as our accounts locks during that time. Any running orders will function like normal and you can trade after that time.
NinjaTrader OCO orders will not be held on the server. If you are placing an order with NinjaTrader please do not close your platform. Any interruptions in the connection may result in your OCO (ATM strategy) orders not working as intended.