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Topstep

Topstep is a Chicago-based prop trading firm specialising in futures trading. Although fees are a little higher than competitors, the futures prop firm offers of a 100% profit split on the first $10,000 (then 90% after), making it a solid choice for traders looking for structured funding.

The firm’s three-step evaluation process—Trading Combine, Express Funded, and Live Funded Account—sets a clear pathway to accessing live capital.

topstep rating and key details

Challenges and Fees

Topstep’s evaluation process consists of three steps:

  • Trading Combine: Simulated trading to meet profit and risk targets with no time limits. Monthly fees range from $49 to $149, depending on account size.
  • Express Funded Account: A simulated account with real profit payouts. Activation costs $149, but there’s no ongoing subscription.
  • Live Funded Account: Real capital trading with profit withdrawals, but breaching the loss limit leads to account closure.

Topstep futures trading prop accounts features:

  • Profit Targets: $3,000–$9,000 depending on account size.
  • Max Loss Limits: $2,000–$4,500.
  • Higher Challenge Feess: Combine fees are $49–$149/month, with a $149 activation fee for the Express Funded stage, which can add up.

Topstep’s fees also include platform-specific trading costs like commissions, exchange fees, and optional features such as Level 2 Depth of Market data for $39/month. The firm’s realistic trading environment mirrors live market costs.

Funded Accounts and Payouts

Once funded, Topstep offers a 100% profit split on the first $10,000 and a 90/10 split thereafter. Traders can withdraw profits after five non-consecutive winning days, with payouts processed via methods like ACH, Wise, or wire transfer.

Scaling plans are built into risk management, with lot size limits based on account balance. While Topstep supports growth, the $150,000 cap on account size may not suit traders seeking larger opportunities.

Trading Platforms and Markets

Topstep provides access to 32 futures markets, including forex futures, equity indices, commodities, and metals. The firm offers various platforms:

  • Free trading platforms: TopstepX, Tradovate, and TradingView, ideal for cost-conscious traders.
  • Paid options: NinjaTrader and others, offering advanced tools for experienced traders.

Leverage depends on account size, with limits of 5–15 lots for standard accounts and proportional flexibility for micro contracts. Monthly exchange data fees ($135 per exchange) apply in the Live Funded stage, so traders should factor this into their budgets.

Trust and Support

Topstep has a strong reputation with a 4.6/5 TrustPilot score from over 5,500 reviews. Its large Discord community (86,000 members) offers educational content and peer support, while 24/7 customer service is available via chat, email, and phone.

Educational resources include TopstepTV, with live trading sessions, blogs, and group coaching sessions, making it valuable for both new and experienced traders.

Final Verdict

Topstep is a great choice for futures traders seeking a structured, transparent path to funding. The high profit split on initial earnings, realistic trading conditions, and platform variety make it stand out. However, costs like data fees and account size limits might deter those seeking broader market access or lower expenses.