Home Bitcoin New trading products for funded trading accounts
Bitcoin

New trading products for funded trading accounts

Share


The Topstep risk management team has been working overtime to address all of the feedback we receive from our customers and community members, and we’re ready to announce another fantastic update – we’re adding 12 additional derivatives to our list of Permitted Products, including Micro Crude Oil, Micro Bitcoin, and Micro Gold contracts!

Many of you might be curious why we haven’t been offering these products all along, and the answer is simple – we want to provide the safest experience possible for our partners and traders. This means thoroughly vetting each product we offer to ensure liquidity standards so you, as the trader, can confidently enter and exit the market without fear of significant slippage.

New featured products!

These are the top 3 most requested products by our users and community members, along with their contract specifications:

Product Product Code Contract Size Tick Size
Micro Crude Oil* MCL 100 barrels 0.01/barrel = $1.00 ($1.00 per contract per tick)
Micro Bitcoin* MBT 0.10 bitcoin $5.00 per bitcoin = $0.50 ($0.50 per contract per tick)
Micro Gold* MGC 10 troy ounces 0.10 per troy ounce = $1.00 ($1.00 per contract per tick)

*Please note that Micro E-Mini contracts are not available on the T4 platform

More permitted products for you to trade!

These additional products met our volume and liquidity requirements and are now available to trade and add to your watchlist!

Product Product Code Contract Size Tick Size
Micro Silver* SIL 1,000 troy ounces 0.005 per troy ounce = $5.00 ($5.00 per contract per tick)
Micro Ether* MET 0.1 ether $0.50 per ether = $0.05 ($0.05 per contract per tick)
Micro Euro FX* M6E 12,500 euros 0.0001 per euro = $1.25 ($1.25 per contract per tick)
Micro Australian Dollar* M6A 10,000 Australian dollars 0.0001 per Australian dollar = $1.00 ($1.00 per contract per tick)
Mexican Peso 6M 500,000 Mexican pesos 0.00001 per MXN increment = $5.00 ($5.00 per contract per tick)
RBOB Gasoline RB 42,000 gallons 0.0001 per gallon = $4.20 ($4.20 per contract per tick)
Heating Oil HO 42,000 gallons 0.0001 per gallon = $4.20 ($4.20 per contract per tick)
Platinum PL 50 troy ounces 0.10 per troy ounce = $5.00 ($5.00 per contract per tick)
New Zealand Dollar 6N 100,000 New Zealand dollars 0.00005 per New Zealand dollar =$5.00 ($5.00 per contract per tick)

*Please note that Micro E-Mini contracts are not available on the T4 platform

Multiple trading accounts

This is a quick reminder that when you get to the Funded Level, Topstep allows you to simultaneously trade five active Express Funded Accounts (XFA). So, do be shy about opening yourself up to adding new markets to your trading and risk management plan. One of these new products might be just what you’ve been looking for!

Micros disclaimer

A quick note on Micro contracts…

Each Micro futures contract equals a full contract toward your max position size in the Trading Combine and the Funded Account. For example, if you are trading in a 50K Trading Combine, your max position size is 5 contracts, so 5 Micro contracts will max you out.

Read more about the Max Position Size in our Help Center.

Trade Well!



Source link

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't Miss

Saylor to Musk: Thanks to you, 25% of ‘Mag8’ firms now hold bitcoin

Michael Saylor, co-founder of Strategy, the world's largest publicly listed bitcoin holder, has a new term for Wall Street's most elite stocks and...

CAC 40 Gains Momentum, Nears 8,030 Points Driven by Cyclical Stocks

A Strong European Session, Disconnected from Wall Street Paris is moving in tandem with European markets, with the STOXX 600 up by 0.55%...

Related Articles

Strive Blames Leverage Liquidations After SATA and Bitcoin Giant Strategy’s STRC Plunge

In brief Strive CEO Matt Cole called Thursday's preferred equity performance the...

SpaceX Ignites On-Chain Frenzy: Namesake Meme Coin Surges 15-Fold, Is It Still Worth Buying Now?

TradingKey - On June 12, Elon Musk's aerospace company SpaceX (SPCX) completed...

Rubic Integrates StealthEX, Expanding Access to More Than 2,000 Cryptocurrencies Through Instant Non-Custodial Swaps

Rubic, a cross-chain and crypto aggregation platform, has announced the integration of...

Bitcoin Cash (BCH) Drops 5.8% Amid Fed Hawkish Turn | Top Stories

Understanding the 5.8% Drop in Bitcoin Cash (BCH) The roughly 5.8 percentage...