Isaac@imantradingYT
Here's what Topstep isn't telling you in their new update ⬇️
And soon, there will be many traders in for a big surprise when they go to request their second payout and are denied / ineligible.
Topstep's big announcement today very clearly specified that nothing was changing in regards to the firm's policies (literally saying "Same rules.").
Yet, they quietly added this incoming update "coming soon" onto their website.
Soon, you won't be able to take a second payout unless your balance is at or above your first payout request amount. So, if you make $8,000 and withdraw $4,000, you won't be eligible for future payouts if your balance is below $4,000.
Yes, if your balance is still THOUSANDS of dollars into profit (but below $4,000), you can't withdraw any of the money you rightfully earned. Every system has losses and swings in PnL, and this rule is designed to stop further payouts. This type of scummy move is what you'd expect from a shitty smaller firm (or Apex), not Topstep.
It's a terrible policy disguised as promoting account longevity, when in reality it's just meant to make it far more difficult for you to take payouts. It's a scummy move, which I guess shouldn't be surprising after Topstep got other firms to adopt their trading platform just to rug pull it once the major bugs were figured out (there are still issues).
You're entitled to your opinion on that move ^, but this new policy change is straight up 100% anti-trader. This rule has 0 benefit and only downsides to the trader. Sharing this is important because I doubt even 5% of people using or not using Topstep have noticed this upcoming change. I didn't notice it either - it was sent to me by a member on Prop Firm Center discord.gg/dX8WEwUrvS
Maybe they'll send out an email to all users once the new change is live. However, regardless of Topstep's ethics on sneaking this onto their site while clearly promoting "Same rules", this incoming policy is terrible. If this doesn't matter to you - sure.... but, if it does, just use one of the MANY firms where the money you make is YOURS once funded. I'm not using a firm where I'm not eligible to withdraw the money I earned just because my account balance is $1 below the amount of what I last requested (while still being THOUSANDS into profit!).
