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Topstep

By 

Jered Klima

,

November 21, 2024
Topstep, founded in 2012, is a trusted leader in the funded trading industry. Known for its credibility and transparency, Topstep offers evaluation programs with risk-free opportunities, empowering traders to build consistency and access live trading accounts with competitive payouts.

Topstep

Topstep

4.5

Compare Prop Funds Score

Current Offer
Save up to 70% and get a $50k evaluation for only $49/mo.

No Promo Code Needed

True Funding Fee
$50k for only $49/mo. and $149 funding fee
Profit Split

100% on first $10,000!
90% / 10% thereafter

Limited Tim
Save 70% on all evaluations
Account Type
Evaluation only
Days to Payout
Little as 5 trading days
Number of Accounts
Copy trade up to 5 funded accounts

Product Details

  • ACCOUNTS: Topstep offers a range of trading opportunities for futures traders through its signature Trading Combine and Express Funded Accounts. Traders can progress from evaluations to live trading environments. With up to five active Express Funded Accounts at once, traders can scale their strategies and manage different account sizes, such as $50,000 and $150,000 accounts, providing up to $750,000 in buying power.
  • RULES AND PLATFORMS: Topstep emphasizes risk management and disciplined trading. In the Trading Combine and Express Funded Account phases, traders adhere to a scaling plan, avoiding the maximum loss limit and daily drawdowns. While daily loss limits are eliminated on Topstep’s native platform (TopstepX), they remain for platforms like NinjaTrader and Tradovate.
  • PAYOUTS: Funded Accounts require five trading days with $200+ profits to qualify for payouts. Topstep provides a transparent payout structure starting from the Express Funded Account phase. Traders can request payouts across multiple accounts, and balances from Express Funded Accounts are consolidated into a Live Funded Account if promoted.
  • LIVE TRADING: Start making money in your Express Funded Accounts if you want to go live. They have the longest history as a prop firm and company taking their best traders to live trading accounts.

Top Rated For

Great Trading Platforms

Best Trading Rules

Super Fast Payouts

Our Expert Review

Why We Like It

Topstep’s evaluation process, known as the Trading Combine®, is designed to help aspiring traders prove their skills in a simulated environment before transitioning to funded trading. Participants can choose account sizes ranging from $50,000 to $150,000 and work toward hitting specific profit targets while adhering to defined risk parameters. The program focuses on three objectives: maintaining a daily loss limit, staying within the overall drawdown limit, and meeting the consistency target, which ensures no single trading day contributes more than 50% of total profits. With two steps in the process, traders who meet all goals progress to the funded account phase, offering a structured and supportive pathway for growth​.

Rating
4.5

/5.0

by our team

In Topstep’s funded trading phase, traders operate under the Express Funded Account™, which introduces new dynamics like the Scaling Plan. This plan adjusts the number of contracts a trader can trade based on account balance, promoting sustainable growth and limiting over-leverage. While traders retain flexibility in choosing instruments and platforms such as NinjaTrader, Tradovate, or TradingView, they must abide by one primary rule: never let the account balance reach or exceed the maximum loss limit. Success in this phase allows traders to start earning payouts following Topstep’s payout policy, with opportunities to scale up their trading permissions as they consistently meet performance thresholds​.

The Scaling Plan and risk management measures reflect Topstep’s commitment to trader longevity. By emphasizing consistent performance and disciplined trading, the program aims to transition participants from simulated environments to live funded accounts effectively. With resources like risk management tools and clear evaluation metrics, Topstep provides a structured framework for traders to learn, adapt, and succeed in the competitive world of proprietary trading​.

Pros & Cons

Pros

  • Longest-running online prop firm
  • Incredible trust and credibility
  • Lightning fast payouts
  • 5+ trading days of $200+ to payout
  • Innovative trading platforms
  • Virtually no rules outside of drawdown
  • End-of-day drawdown

Cons

  • Requires 2+ days to pass evaluation
  • No discounts beyond normal pricing
  • Additional funding fees
  • $2k drawdown on $50k evaluation with industry average of $2.5k

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