Topstep
The Ultimate Trading Experience
Topstep is one of the oldest and largest futures prop firms, founded in Chicago in 2012 by former floor trader Michael Patak. Traders take a single evaluation called the Trading Combine, which has one hard rule (never hit the trailing Maximum Loss Limit) plus a profit target and a consistency objective. Passing earns an Express Funded Account (a simulated funded account that pays real money), and consistently strong performers can be invited to a Live Funded Account with uncapped payouts. The firm uses a 90/10 profit split, includes Level 1 market data, and as of 2026 routes all new accounts through its own TopstepX platform.
- Long-established, highly trusted brand with the largest review base in futures prop
- Simple core rule set (one hard rule: the Maximum Loss Limit)
- Low $125 minimum payout with instant Aeropay for US traders
- Path to an uncapped Live Funded Account with daily payouts after 30 winning days
- No daily loss limit by default; Level 1 data included
- Trustpilot score (3.4) is lower than many newer competitors despite huge volume
- Express Funded payouts are capped per request by account size
- Activation fee on the standard path adds to total cost
- Combine profits do not transfer to the funded account
- New accounts are locked to the TopstepX platform
Platforms
Markets You Can Trade
Leverage
Futures use fixed CME contract margins; max position is capped by per-account contract limits (5/10/15 minis or 50/100/150 micros for 50K/100K/150K), not a leverage ratio.
Commissions
Paying In & Getting Paid
Recent Announcements
Common Questions
Is Topstep a legit prop firm?
Topstep was founded in 2012 and is headquartered in the USA. It holds a Trustpilot score of 3.4/5. See its rules, payout terms and verified details above.
What is the profit split at Topstep?
Topstep offers 90/10; members who joined before 12 Jan 2026 keep 100% of the first $10,000 lifetime profit to funded traders.
How fast does Topstep pay out?
Payouts run Weekly. On demand once eligible; daily payouts unlock in the Live Funded Account after 30 winning days
What platforms does Topstep support?
You can trade on TopstepX, TradingView, Quantower, T4, R|Trader.
What account sizes does Topstep offer?
Account sizes range across $50K–$150K.
Is Topstep available in my country?
Topstep is available in most countries but restricts traders from: Afghanistan, Cuba, Iran, North Korea, Syria, Russia, Venezuela. Confirm your eligibility on the firm's site.
Is there a Topstep discount code?
Yes - use code TOPSTEP for up to 70% off on TradingBay.