The rules for your Micros Funded Account can be found below. For a breakdown of what the rules mean please check out questions 1-4 here. More Funded Account Frequently Asked Questions can be found here.
Frequently Asked Questions:
- What are the differences between the Funded Account® and the Trading Combine®?
- Do I have to Pay Data Fees?
- What is the Pro Account and can I trade that instead?
- What happens when I complete Step 2?
- How can I make a withdrawal and what is the profit split?
- How are my profits reported on taxes?
- TopstepChat information
What are the differences between the Funded Account® and the Trading Combine®?
The main difference between the two is the fees and holidays.
In the Trading Combine you can trade through all of the major holidays. However, in the Funded Account: Traders will be required to be flat during the holiday weeks of Independence Day, Thanksgiving, and the last two calendar weeks of December. Trading during these times will result in the closure of the Funded Account.
You can find the commissions and fees for the Trading Combine here. Commissions for the Funded Account can be found below.
|TSTrader||$0.31 per side ($0.62 round turn)||$0.15 per side ($0.30 round turn)|
|All other Platforms||$0.56 per side ($1.12 round turn)||$0.40 per side ($0.80 round turn)|
Do I have to pay data fees?
In the live Funded Account you will need to pay data fees. These have not been prorated by the CME. They are shown below:
CME Products (MNQ, MES, M2K) - $105.00
CBOT Products (MYM) - $105.00
If you wanted to trade all four products that are offered above, you would need to pay $210.00 per month.
What is the Pro Account and can I trade that instead?
You can definitely trade in the Pro Account for your Micros Futures Trading Combine. More information about what the Pro Account is and how it works can be found here. One important difference from that page is that you will be moved to a premium Funded Account after $2,500 in profits in your Pro Account.
What happens when I complete Step 2?
You can find a full breakdown of what will happen and your next steps here.
How can I make a withdrawal and what is the profit split?
Withdrawals and Profit Splits will work the same way as the regular futures program. A deeper breakdown of those is shown here.
How are my profits reported on taxes?
Since you fill out a W-9 or W-8BEN, you are considered an independent contractor. All money that the trading firm sends you from your profits is considered ordinary income.