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  • Report:  #840089

Complaint Review: www.topsteptrader.com

www.topsteptrader.com Mike Patak AKA Nebraska they make you pay over and over again for combines, promising you to go live as a trader and never happens, Internet

  • Reported By:
    topsteptrader — United States of America
  • Submitted:
    Thu, February 16, 2012
  • Updated:
    Thu, June 13, 2013

I was a live trader with topsteptrader and i orginallly tried the combine with a 1000 daily loss limit, when i finally made it through 4 successfull "combines" my daily loss limit was switch back to $500 and I spoke to 8 different traders and also a CTA who told me it was IMPOSSIBLE to trade this way, so i went back to MIKE PATAK aka NEBRASKA and asked him would he raise the limit based upon this information he told me a bigger daily loss limit wouldnt matter or doesnt change, but any real trader knows that if you have a $500 daily loss limit and trade a huge market that many days of getting stopped out will happen, and what happens is we go back to the combine and have to pay again, I am working for a REAL trading firm who pays me, and i showed them topsteptrader and they even said it was a scam, so this is the deal, Mike Patak is looking for stupid kids and lottery ticket players to pay for the combine, yet they dont know the actual way trading works and some people have paid over $1000 and keep paying more for this fake job at topsteptrader, I was always told if you have to pay for a job, then its a scam, and this has been proven, .....he does a drill a scout questionair daily and a few hiring managers at other firms have listened in on him and they said what a joke he is, and that he is feeding people what he wants them to believe, and he always talks about losing 30 30 30 90 and its in the dow pit? WHAT? ok so times up and the scam is out STOP RIPPING PEOPLE OFF MIKE PATAK-

1 Updates & Rebuttals


TopstepTrader Representative

60604,
Illinois,

TopstepTrader

#2REBUTTAL Owner of company

Thu, June 13, 2013

Trading is a highly individualized and an extremely challenging profession that takes a lot of time and effort in order to be very successful.  At TopstepTrader, we monitor the traders and make sure they are following the rules that were agreed upon before they start trading an equity partner's capital.

TopstepTrader has a fiduciary duty to our equity partner and the trader trading on their account to ensure the trader is not overexposed,  and their risk is not greater than what TST and the trader agreed to.

TopstepTrader has funded over 250 traders who have successfully passed the Combine.  We fund 2 to 3 traders per week and have funded traders from all over the world. Please visit www.topsteptrader.com for more details and for any questions you might have.

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