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Topstep

UpdateLIVE

United States · Trading since 2012 · Futures

No discount code live for this firm right now.

Visit Topstep
69Solid
Refer Score · overall
Solid. Best on operating history, weakest on platform choice.
Rule CheckNot checked for you yetSet how you trade
What we hold on Topstep79% researched
Refer Score
69 of 100
Operating
14 yrs
Hidden rules
6
Can close the account
2
Restricted countries
31
Platforms
TradingView
Trader rating
3.6/5 (14,739)
Research coverage79%

Not on record yet: VPS policy, payout frequency and entry price.

Best for

2
  • News traders
  • Traders who run EAs or bots

Watch out for

4
  • Copy trading restricted: trade copiers cannot be used on Live Funded Accounts
  • Using a VPN counts as a breach
  • Maximum Loss Limit resets to zero after every payout
  • Funded accounts close after 30 days without a trade

Split up to 90% · Accounts up to $750K

How we scored this
CategoryWeightActive todayEffective weight todayThis firm
Rule transparency20%Yes20%17 of 20
Payout terms and reliability18%Yes18%17 of 18
Trader reputation16%Yes16%9 of 16
Challenge value12%Yes12%11 of 12
Drawdown terms10%Yes10%2 of 10
Trading flexibility8%Yes8%3 of 8
Operating history6%Yes6%6 of 6
Country access4%Yes4%3 of 4
Platform choice3%Yes3%0 of 3
Account scale3%Yes3%1 of 3
Total100%100%

Currently active: Rule transparency, payout terms and reliability, trader reputation, challenge value, drawdown terms, trading flexibility, operating history, country access, platform choice and account scale. Effective weight today: 20% / 18% / 16% / 12% / 10% / 8% / 6% / 4% / 3% / 3%.

A category with no data for this firm earns no points in it. Rule Check never changes this score. Full methodology.

OverviewRoutes2Rule Check8Hidden rules6HealthCountries31Reviews

Routes to funding

2 ways to get an account with Topstep. 2 of them measure loss on a trailing basis.

  1. Standard

    1 phase$50K to $150K

    $3,000 to $9,000 · $2,000 to $4,500 max loss · 90% split

    Profit target
    $3,000 to $9,000
    Daily loss
    $1,000 to $3,000
    Max loss
    $2,000 to $4,500 trailing
    Your split
    90%
    Min profitable days
    2
    Leverage
    —
    Time limit
    —
    Payouts
    Every 3 days
    End of day trailing drawdown. The limit follows your closing balance, not your equity during the session, and stops moving once the account clears the trailConsistency rule: A trader's profit on any single day cannot exceed 50% of the total profit. (Challenge) - Express Funded Standard Path: No consistency (Funded) - Express Funded Consistency Path: A trader's profit on any single day cannot exceed 40% of the total profit. (Funded)
  2. No Activation Fee

    1 phase$50K to $150K

    $3,000 to $9,000 · $2,000 to $4,500 max loss · 90% split

    Profit target
    $3,000 to $9,000
    Daily loss
    $1,000 to $3,000
    Max loss
    $2,000 to $4,500 trailing
    Your split
    90%
    Min profitable days
    2
    Leverage
    —
    Time limit
    —
    Payouts
    Every 3 days
    End of day trailing drawdown. The limit follows your closing balance, not your equity during the session, and stops moving once the account clears the trailConsistency rule: A trader's profit on any single day cannot exceed 50% of the total profit. (Challenge) - Express Funded Standard Path: No consistency (Funded) - Express Funded Consistency Path: A trader's profit on any single day cannot exceed 40% of the total profit. (Funded)

Collected from a public prop-firm directory and not yet checked by us. Treat it as a starting point, not as a figure we stand behind. Confirm anything that would decide a purchase against Topstep’s own rulebook. Prices vary by account size and are left blank until each one is verified.

Rule Check answers

What Rule Check reads when it calls this firm compatible or a conflict. Open one to read the rule in the firm’s own words.

Can you trade the news?Yes

Allowed in SIM (Trading Combine, XFA) and funded accounts. Purposefully trading your full Maximum Position Size into a scheduled major news event is a prohibited strategy, and trades hurt by releases get no exceptions or Reset credits.

“Topstep doesn't require you to flatten positions during economic releases — in SIM or Funded Accounts. But we highly recommend using caution or stepping aside when a release is coming up that affects your product.”
Can you run an EA or a bot?Yes

Allowed with conditions on Trading Combine, XFA and LFA, with no support for malfunctions. Exception: automated trading through the ProjectX API is prohibited in the Live Funded Account. Unfair-advantage software, ultra-high speed systems and SIM-fill scalping algorithms are prohibited.

“Yes, with conditions. Topstep won't help set up or troubleshoot automated strategies, and no exceptions are made for errant trades or malfunctions.”
Can you copy trades?Restricted

Copying your own accounts is allowed in the Trading Combine and Express Funded Account (up to $750K buying power on XFAs). The TopstepX Trade Copier cannot be used on Live Funded Accounts. Coordinated trading with others and cross-account hedging are prohibited. Copier links are cut while a payout processes.

“Trade copying is only available for Trading Combine® and Express Funded Account® accounts. Live Funded Account® accounts cannot use the Trade Copier.”
Can you trade through a VPN?No
“VPNs, proxy services, TOR, geo-location obfuscation, and other identity-masking services are not permitted at Topstep.”
Can you hold positions overnight?No

All positions must be flat by 3:10 PM CT each weekday (earlier for products with an earlier close).

“No. All positions must be closed by 3:10 PM CT each weekday. Topstep does not permit holding positions from one session to the next.”
Can you hold over the weekend?No

Friday close is 3:10 PM CT and trading is closed until Sunday 5:00 PM CT.

“Topstep is a day trading program. All positions must be closed by 3:10 PM CT every weekday. You can resume trading at 5:00 PM CT. No swing trading.”
Is there a consistency rule?Yes

Trading Combine: best day should stay below 55% of the Profit Target or the Consistency Target rises. XFA Consistency payout path: largest day cannot exceed 40% of total net profit (XFA Standard path uses 5 winning days instead).

“Meet the Consistency Target — your best single day should stay below 55% of your Profit Target to avoid increasing your Consistency Target.”
Minimum trading days2 days

Trading Combine

“You can pass in as few as two days, but keep your best day below 55% of your Profit Target.”

6 hidden rules you should know before you buy

Terms that can cost you an account or a payout after you have already paid. Hidden means easy to miss, not concealed. The firm publishes every one of these, usually in its terms or FAQ rather than on its pricing page. Tap a rule to read it, with the page we read it on and the date.

2 close the account4 judgement calls
Drawdown1EA and copy trading1News trading1Prohibited strategies1Inactivity1Country restrictions1

Drawdown1

  1. 01Maximum Loss Limit resets to zero after every payoutCloses the account

    Once you take an XFA payout your loss limit is pinned at a $0 balance for good. Any later drop below zero ends the account.

    Why it matters
    Break it once and the account is closed, whatever the balance.
    Who it affects
    Every account on the programme, on funded accounts
    Source
    help.topstep.com

EA and copy trading1

  1. 02No ProjectX API bots on the Live Funded AccountJudgement call

    Automation is allowed on the Live Funded Account but not through the ProjectX API. A bot that worked on your XFA through the API has to be switched off after the call-up.

    Why it matters
    There is no fixed line. Someone at the firm decides whether you broke it.
    Who it affects
    Anyone running an EA, a bot or copying trades, on funded accounts
    Source
    help.topstep.com

News trading1

  1. 03No full size positions into major newsJudgement call

    Trading your full Maximum Position Size straight into a scheduled major release is a prohibited strategy. Topstep can respond with anything from a warning to a denied payout or a closed account.

    Why it matters
    There is no fixed line. Someone at the firm decides whether you broke it.
    Who it affects
    Anyone trading around high impact news, on challenge and funded accounts
    Source
    help.topstep.com

Prohibited strategies1

  1. 04Opposite positions across your own accounts are bannedJudgement call

    Being long in one account and short in another at the same time counts as cross-account hedging. It is prohibited conduct even when all the accounts are yours.

    Why it matters
    There is no fixed line. Someone at the firm decides whether you broke it.
    Who it affects
    Hedging, martingale, arbitrage and HFT, on challenge and funded accounts
    Source
    help.topstep.com

Inactivity1

  1. 05Funded accounts close after 30 days without a tradeCloses the account

    An Express Funded Account with no trading for more than 30 days may be closed and cannot be paused. Live Funded Accounts have the same 30 day rule.

    Why it matters
    Break it once and the account is closed, whatever the balance.
    Who it affects
    Accounts left untraded, on funded accounts
    Source
    help.topstep.com

Country restrictions1

  1. 06Trading while travelling in an ineligible countryJudgement call

    Placing trades from an ineligible country even briefly can put your account under review by the Trust team. Where you live counts more than your citizenship.

    Why it matters
    There is no fixed line. Someone at the firm decides whether you broke it.
    Who it affects
    Traders in the listed countries, on challenge and funded accounts
    Source
    help.topstep.com

Firm health

Read the rules carefully before buying

At least one rule we read can close the account or void profit.

Operating
14 years
Hidden rules found
6, 2 close the account
Countries restricted
31
Payout terms in writing
Yes, quoted below
Trader rating
3.6 from 14,739 reviews

The ranking cannot be bought. We do not earn anything from this firm. Not financial advice.

How they pay

Topstep's Profit Split:

  • 90%

Express Funded Account:

Payout Eligibility

Express Funded Standard Path:

5 winning days of $150+

  • Can Request 50% of Account Balance Up to $5,000 (Up to $10000 with DLL Option)
  • Achieve a profit greater than $0 since your last payout

Express Funded Consistency Path:

3 Days with 40% consistency target

  • Can Request 50% of Account Balance Up to $6,000 (Up to $12000 with DLL Option)
  • Achieve a profit greater than $0 since your last payout

Payout Cap

Express Funded Account Standard

50k - $2000

100k - $3000

150k - $5000

Express Funded Account Consistency

50k - $3000

100k - $4000

150k - $6000

If DLL is added during checkout:

Payout Cap

Express Funded Account Standard

50k - $4000

100k - $6000

150k - $10000

Express Funded Account Consistency

50k - $6000

100k - $8000

150k - $12000

Minimum Payout Amount:

  • $125
  • Once the payout request is processed, the Maximum Loss Limit will automatically be set to $0 (the trader cannot allow the account balance to reach or go below $0 after a payout).
  • More details can be found via this link:
  • https://help.topstep.com/en/articles/8284233-topstep-payout-policy

Details about Live Accounts / LFAs:

  • https://help.topstep.com/en/articles/10657969-live-funded-account-parameters

Live Funded Account:

  • 5 winning days of $150+ Net P&L per Payout cycle (non-consecutive). Request up to 50% of account balance, no dollar cap. Day count restarts after each Payout.
  • Daily Payouts unlock after 30 non-consecutive $150+ winning days: request as much of your unlocked balance as you want, once per day, minimum $125. Requesting a full 100% Payout closes the LFA.

LFA Size:

  • Based on the average account size of all active, eligible XFAs with at least 1 Payout (funded tier, not current balance), rounded up to nearest tier ($50K/$100K/$150K).

Starting Balance:

  • 20% available to trade immediately (minimum $10,000), 80% held in Reserve. Reserve unlocks in 4 increments of 25% as you hit profit thresholds:
  • $50K tier - $3,000 | $100K tier - $6,000 | $150K tier - $9,000
  • Reviewed every Monday, funds deposited within 1-2 business days.

Daily Loss Limit by tier:

  • $50K - $2,000 | $100K - $3,000 | $150K - $4,500
  • If tradable balance drops to $10,000 or below: DLL becomes $2,000, Max Position 5 contracts.
  • If tradable balance drops to $5,000 or below: DLL becomes $1,000, Max Position 3 contracts.
  • These adjust on Fridays and return to standard once balance rises back above the threshold.

If LFA Balance Drops Below $1,000:

  • account is liquidated and closed at end of day, remaining balance sent as final Payout.

Shoulder Tap:

  • A simulated funded account created after a call-down from Live. Structured path back to Live trading, callback is discretionary based on trading behavior.
31countries
blocked

Countries blocked. You cannot trade from these

Traders in these countries cannot open an account here. Firms word these lists as “including but not limited to”, so read it as the floor, not the whole of it.

Afghanistan. Listed as restricted in a public prop-firm directory.
not yet checked against the firm’s terms

What traders say

No reviews of Topstep yet. If you have traded with them, you can be the first.

Where to go next

Compared with
Topstep vs MyFundedFuturesTopstep vs Apex Trader FundingTopstep vs Take Profit Trader
Countries it turns away
AfghanistanSomaliaSudanLibyaYemenIraqMyanmarVenezuela
Topstep is listed in
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