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Topstep
This prop firm is currently not listed on Prop Firm Pal. In the future this may change.
4.5
Based on 1 review
Topstep Review: Rules, Profit Split & Payouts
Topstep is a futures prop firm that calls itself a day trading program with three stages: a monthly-subscription evaluation called the Trading Combine, a simulated Express Funded Account (XFA) where payouts are taken, and a Live Funded Account trading the firm's own capital, which its Risk Team offers by call-up. Accounts come in $50,000, $100,000 and $150,000 sizes on listed CME Group futures, with no forex and every position closed by 3:10 PM CT each weekday. The Topstep homepage claims $1.4B+ paid out to prop firm traders.
The Trading Combine has one rule, the Maximum Loss Limit: an end-of-day trailing drawdown of $2,000, $3,000 or $4,500 by size, monitored in real time including unrealized P&L. Profit targets are $3,000, $6,000 and $9,000, and the 55% consistency rule raises the target whenever your highest-profit day exceeds 55% of it, so passing takes at least 2 days. There is no time limit, but the subscription rebills every 30 days until you pass or cancel. A daily loss limit is optional and pauses trading for the session rather than failing the account. Cross-account hedging, trading your full position size into major news and holding within 2% of a price limit are prohibited.
The Standard path costs $49, $99 or $199 a month plus a $149 activation fee per XFA; the No Activation Fee path costs $95, $149 or $229 a month. The XFA starts at a $0 balance, and you can hold up to 5. Topstep's profit split is 90%, with a $125 minimum payout. The Standard path pays after 5 winning days of $150 or more, up to 50% of the balance capped at $2,000 to $5,000 by size; the Consistency path pays after 3 trading days within a 40% consistency target, capped at $3,000 to $6,000. Live payouts have no cap and become daily after 30 winning days. The payout policy says internal approval can take 1-3 business days. Refunds are generally not offered beyond a 14-day guarantee on a first Trading Combine. Back2Funded reactivates a lost XFA for $599 to $829 within 30 days.
Futures prop firm: Trading Combine evaluation, Express Funded Account, then Live Funded Account by call-up
$50,000, $100,000 and $150,000 accounts on CME Group futures; no forex, no overnight holding
Monthly Trading Combine from $49 (plus $149 activation) or $95 with no activation fee
End-of-day trailing Maximum Loss Limit of $2,000, $3,000 or $4,500; no time limit
55% consistency rule in the Trading Combine; 40% on the XFA Consistency payout path
90% profit split, $125 minimum payout, XFA payout caps from $2,000 to $6,000 per request
Up to 5 Express Funded Accounts; cross-account hedging prohibited
Refunds generally unavailable beyond a 14-day guarantee on a first Trading Combine
Is Topstep legit?
Prop Firm Pal has not verified Topstep, so this is not an endorsement: it is what the record shows. Its own pages name the operating company as Topstep LLC. Its website has been active in Prop Firm Pal's monthly traffic record since November 2025, and traffic over the last three months is growing. It claims $1.4B+ paid to traders; that is its own figure, and we have not seen its payout records. Its payout policy is published, and summarised on the Payouts tab.
Record
What we hold
Company
What we hold
Topstep LLC
In our traffic record
What we hold
Since November 2025 (10 months)
Traffic, last three months
What we hold
Growing (+13% to August 2026)
Paid to traders (its claim)
What we hold
$1.4B+
In Topstep's words
Company: “Today, Topstep LLC operates as a group of trading businesses that work together to help people build healthier habits and support development at every stage.” www.topstep.com/…/about-us
Paid to traders: “$1.4B+” www.topstep.com
Topstep trading platforms
Instruments & payment methods
Instruments
Payment methods
Topstep challenges & plans
Plan
Type
Account size
Price
Profit target
Max drawdown
Drawdown type
Profit split
Min trading days
Trading Combine (Standard path, monthly)
Type
evaluation
Account size
$50K
Price
$49
Profit target
6%
Max drawdown
4%
Drawdown type
end-of-day
Profit split
90%
Min trading days
2
Trading Combine (Standard path, monthly)
Type
evaluation
Account size
$100K
Price
$99
Profit target
6%
Max drawdown
3%
Drawdown type
end-of-day
Profit split
90%
Min trading days
2
Trading Combine (Standard path, monthly)
Type
evaluation
Account size
$150K
Price
$199
Profit target
6%
Max drawdown
3%
Drawdown type
end-of-day
Profit split
90%
Min trading days
2
Trading Combine (No Activation Fee path, monthly)
Type
evaluation
Account size
$50K
Price
$95
Profit target
6%
Max drawdown
4%
Drawdown type
end-of-day
Profit split
90%
Min trading days
2
Trading Combine (No Activation Fee path, monthly)
Type
evaluation
Account size
$100K
Price
$149
Profit target
6%
Max drawdown
3%
Drawdown type
end-of-day
Profit split
90%
Min trading days
2
Trading Combine (No Activation Fee path, monthly)
Type
evaluation
Account size
$150K
Price
$229
Profit target
6%
Max drawdown
3%
Drawdown type
end-of-day
Profit split
90%
Min trading days
2
Topstep trading rules
Rule
Stance
Condition
News trading
Stance
Conditional
Condition
Allowed on all accounts, but purposefully trading your full Maximum Position Size into a scheduled major news event is prohibited; news slippage is not eligible for exceptions or Reset credits
Expert advisors and automated trading
Stance
Conditional
Condition
Permitted, without support or exceptions for malfunctions; automated trading via the ProjectX API is prohibited in the Live Funded Account; orders may not be placed from a VPS, VPN or remote server
Copy trading
Stance
Conditional
Condition
Trade copier across your own Express Funded Accounts up to $750K buying power; coordinated trading with others is prohibited
Hedging
Stance
Conditional
Condition
Opposite positions in the same or correlated instruments across accounts (e.g. MES/ES) are prohibited on Trading Combine, Express and Live accounts; hedging within one account is not addressed
High-frequency and latency arbitrage
Stance
Not permitted
Condition
—
Consistency rule
Stance
Applies
Condition
55% in the Trading Combine (exceeding it raises the profit target); 40% for payouts on the XFA Consistency path, reset after each payout
Weekend holding
Stance
Not permitted
Condition
—
Overnight holding
Stance
Not permitted
Condition
—
Minimum trading days
Stance
Applies
Condition
At least 2 days to pass the Trading Combine; 5 winning days of $150+ per payout on XFA Standard and Live, 3 trading days on XFA Consistency
Time limit
Stance
None
Condition
No time limit; the Trading Combine rebills every 30 days until you pass or cancel
Maximum number of accounts
Stance
Applies
Condition
Up to 5 active Express Funded Accounts and 1 Live Funded Account (all XFAs close on call-up); no limit on Trading Combines; 1 $50K account on the Focused Trader Program
Prohibited instruments
Stance
Conditional
Condition
Listed CME Group futures only, no forex; holding a position within 2% of a product's price limit is prohibited
Account sharing
Stance
Not permitted
Condition
—
News trading is allowed on every account, but purposefully trading your full Maximum Position Size into a scheduled major news event is prohibited, and news-driven slippage gets no exceptions or Reset credits.
Automated strategies are permitted without Topstep support or exceptions for malfunctions; automated trading through the ProjectX API is prohibited in the Live Funded Account, and orders may not be sent from a VPS, VPN or remote server.
A trade copier may duplicate trades across your own Express Funded Accounts up to $750K buying power; coordinated trading with other people is prohibited.
Holding opposite positions in the same or correlated instruments across accounts (such as MES and ES) is prohibited on Trading Combine, Express and Live accounts, with liquidation and possible closure without payouts.
High-frequency trading is prohibited, as are strategies that exploit price display errors, data feed delays or unrealistic simulator fills.
In the Trading Combine a single day's profit above 55% of the profit target raises the target; on the XFA Consistency path the largest day must be 40% or less of net profit to request a payout.
Every position must be closed by 3:10 PM CT each weekday, including Friday, and positions may not be held from one session to the next.
The Trading Combine cannot be passed in one day, needing at least 2; each payout needs 5 winning days of $150 or more on XFA Standard and Live, or 3 trading days on XFA Consistency.
The Trading Combine has no time limit, but it rebills every 30 days until you pass or cancel.
Traders may hold up to 5 active Express Funded Accounts and 1 Live Funded Account, with no limit on Trading Combines; the Focused Trader Program limits a trader to 1 $50K account.
Only listed CME Group futures may be traded, with no forex, and holding a position within 2% of a product's price limit is prohibited.
Trading on behalf of others and account sharing are prohibited.
Topstep payout rules
Payout
Detail
Profit split
Detail
Up to 90%
Payout frequency
Detail
After 5 winning days of $150+ (XFA Standard and Live), or 3 trading days within a 40% consistency target (XFA Consistency); daily in the Live Funded Account after 30 winning days
Processing time
Detail
Internal approval can take 1-3 business days; then same day (Prop-to-Brokerage), instant (Aeropay), 1-3 business days (Wise, ACH) or 5-10 business days (wire)
Minimum payout
Detail
$125
Payout methods
Topstep account policies
Policy
Detail
Refund policy
Detail
Refunds are generally not available; a 14-day satisfaction guarantee refunds up to 1 monthly payment on a first-ever Trading Combine that has not passed, and a forgotten rebill can be refunded within 28 days if the account has no trading and its Reset credit is unused. Resets, activation fees and Back2Funded are non-refundable
Resets
Detail
A Reset returns an active Trading Combine to its starting balance, costs the same as the monthly price, is limited to 2 per account per day and pushes the rebill date out 30 days; each monthly rebill adds 1 Reset credit
Scaling plan
Detail
In the Express Funded Account, maximum contracts rise with the account balance and only from the next session; the Live Funded Account uses Dynamic Live Risk Expansion instead
Inactivity
Detail
Express Funded and Live Funded Accounts with no trading activity for more than 30 days may be closed
KYC
Detail
Identity verification (IDV, via Veriff) with a physical government-issued ID and a selfie, required before a second purchase; minimum age 18
Trading hours
Detail
Sunday 5:00 PM CT to Friday 3:10 PM CT; all positions closed by 3:10 PM CT each weekday, reopening at 5:00 PM CT
Topstep fees
Fee
Amount
Applies to
Express Funded Account activation fee
Amount
$149 once per XFA
Applies to
Standard path Trading Combines ($0 on the No Activation Fee path)
Back2Funded reactivation
Amount
$599 (50K), $699 (100K), $829 (150K)
Applies to
Express Funded Accounts lost before the first payout
Level 2 market data
Amount
$38/month
Applies to
Optional Depth of Market data
Professional market data
Amount
$133 per exchange, per month (1 exchange covered by Topstep)
Applies to
Live Funded Account
Payout processing fee
Amount
$30
Applies to
ACH and Wire/SWIFT payouts
Simulated commission
Amount
$3.70/lot
Applies to
Trading Combine
Firm details
Detail
As published
Legal name
As published
Topstep LLC
Total paid out
As published
$1.4B+
Topstep restricted countries
Topstep web traffic, month by month
Prop Firm Pal has tracked Topstep's website traffic every month since November 2025. In August 2026 the site received an estimated 5.06M visits, down 5% on the month before and up 13% over three months.
Its busiest month on record was February 2026 at roughly 7.14M visits. Traffic now is 29% below that peak.
These are third-party estimates of website visits, collected once a month and stored against the month they describe. They are not trader counts, funded-account numbers or revenue.
Month
Estimated visits
Change
November 2025
Estimated visits
6.20M
Change
—
December 2025
Estimated visits
6.70M
Change
+8%
January 2026
Estimated visits
6.67M
Change
-0%
February 2026
Estimated visits
7.14M
Change
+7%
March 2026
Estimated visits
6.54M
Change
-8%
April 2026
Estimated visits
5.23M
Change
-20%
May 2026
Estimated visits
4.47M
Change
-15%
June 2026
Estimated visits
5.18M
Change
+16%
July 2026
Estimated visits
5.34M
Change
+3%
August 2026
Estimated visits
5.06M
Change
-5%
How Topstep compares in size
Topstep was last measured in August 2026. On that reading it ranks 7 of the 463 prop firms Prop Firm Pal tracks — larger than 98% of them, at roughly 5.06M visits a month.
The ranking covers every firm measured between July 2026 and September 2026, each on its own latest reading in that window. Firms last measured before July 2026 are left out rather than shown with a stale figure, so the total moves month to month.
Size is not quality. A large firm is one that markets successfully, and several of the most visited firms in this ranking have the strictest rules; some of the smallest pay out reliably to everyone who asks. What the ranking is useful for is scale — whether you are looking at an established operation or something very new.
Similar-sized firm
Monthly visits
Monthly visits
5.73M
Monthly visits
5.15M
Monthly visits
3.34M
Monthly visits
3.18M
FAQs
How much does a Topstep Trading Combine cost?
The Topstep Trading Combine is a monthly subscription: $49, $99 or $199 a month for the 50K, 100K and 150K accounts on the Standard path, or $95, $149 or $229 on the No Activation Fee path. The Standard path adds a $149 activation fee for each Express Funded Account earned, and a Reset costs the same as the monthly price.
What is Topstep's profit split?
Topstep pays a 90% profit split (90/10) in the Express Funded Account and the Live Funded Account. Traders who joined the new Topstep dashboard before January 12, 2026 receive 100% of their first $10,000 in lifetime profits, then 90%.
What are the Topstep drawdown rules?
Topstep's Maximum Loss Limit is an end-of-day trailing drawdown of $2,000 on 50K, $3,000 on 100K and $4,500 on 150K accounts. It rises with your end-of-day balance, locks at the starting balance, and liquidates the account as soon as realized plus unrealized P&L touches it.
Does Topstep have a consistency rule?
Yes. In the Trading Combine your highest-profit day must stay at or below 55% of the profit target, or the target rises; on the XFA Consistency payout path your largest day must be 40% or less of net profit before you can request a payout.
How do Topstep payouts work?
On XFA Standard you request after 5 winning days of $150 or more, up to 50% of the balance capped at $2,000, $3,000 or $5,000 by size; on XFA Consistency you request after 3 trading days within 40% consistency, capped at $3,000, $4,000 or $6,000.
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