Topstep Review (TopstepTrader) 2025
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Ninja Trader
- MultiCharts
- Trade Navigator
- TradingView
- DayTradr
- InvestorRT
- MotiveWave
- R|Trader Pro
- Trading in mini, micro, and standard lots is available
- 1:100
Our Evaluation of Topstep
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Topstep is a prop trading firm with higher-than-average risk and the TU Overall Score of 4.07 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Topstep clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable partner with better conditions, as, according to reviews, many clients of this firm are not satisfied with the company’s work.
Topstep is a broker for active traders who are ready to improve their skills. The company cooperates with clients regardless of trading experience and, when opening an account, takes into account the results of trading on a simulation account.
Brief Look at Topstep
Topstep is a leading proprietary trading firm offering traders the opportunity to trade futures contracts. With a unique two-step evaluation process, traders can prove their skills on a simulated account before potentially receiving funding for live trading.
Topstep offers three account sizes: $50,000, $100,000, and $150,000. Regular pricing starts from $165/month, with frequent discounts available. Traders can leverage up to 1:100 and access diverse futures markets, including stocks, commodities, crypto, bonds, and metals. Commissions and fees charged on the Trading Combine (simulation account) align with those on a live funded account, helping traders develop skills for real markets.
Topstep supports traders with educational resources, including free group coaching, to enhance their chances of success.
- Real trading accounts are financed by a broker, there is no need to invest your funds in trading.
- The company provides a wide range of free training materials, including free group coaching.
- You can contact the support team using several convenient methods.
- The broker offers a referral program for extra income.
- The company doesn’t offer bonuses, automated trading, or other passive income options.
- The support service works only on weekdays during set hours.
TU Expert Advice
Financial expert and analyst at Traders Union
Topstep is a unique international Proprietary Trading firm. The company aims to cooperate with day traders who already have a basic knowledge of trading futures. However, experience is not required, any user can open a Trading Combine (simulation account), but you need to meet several requirements to open a real Funded Account.
The uniqueness of Topstep is that you cannot immediately open a real account. First, you must go through a two-stage "trial period" for which trading limits are set. If both steps are successful, a real funded account is opened for you. There is no minimum deposit in the company, money for trading is provided by the broker! The trader's task is to show consistently high trading results and get income.
Topstep is not regulated by any of the authorities because traders don’t risk their own funds, and trading on a live account is carried out through a regulated broker. It is also worth noting that the broker sets some trading restrictions so a small number of trading instruments are available to clients.
- You're seeking an easy start in prop trading. Topstep allows opening an unlimited number of accounts, the cheapest requires only $49 per month. For any express account, there's a one-time fee of $149.
- You prefer trading without restrictions. Topstep accounts don't have a daily drawdown, only an overall one, with acceptable terms. For instance, on a $50,000 account, the overall drawdown cannot exceed $3,000.
- You're counting on a profitable partnership. According to Topstep's referral program terms, you can earn 25% from each referral's transaction benefiting the company (deposit, renewal, reset).
- You require a wide range of accounts. Many prop firms offer 6, 10, or more accounts. Topstep has only three - $50,000, $100,000, and $150,000.
Topstep Summary
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | TSTrader, NinjaTrader, TradingView, Bookmap X-ray, CTS, DayTradr, InvestorRT, MotiveWave, MultiCharts, R|Trader Pro, Trade Navigator, Volfix.net |
|---|---|
| 📊 Accounts: | Trading Combine, Funded Account |
| 💰 Account currency: | AUD, CAD, COP, GBP, JPY, EUR, MXN, and USD |
| 💵 Deposit / Withdrawal: | ACH, bank transfer |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:100 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | Float |
| 🔧 Instruments: | Futures of the CME group: for stocks, commodities, bonds, and metals |
| 💹 Margin Call / Stop Out: | The broker closes all open positions automatically every Friday |
| 🏛 Liquidity provider: | No data |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | ECN on the real account |
| ⭐ Trading features: | Trading in mini, micro, and standard lots is available |
| 🎁 Contests and bonuses: | Yes, Traders Union’s rebates |
You can open an account for trading futures. The broker offers three subtypes of accounts, they differ based on the purchasing ability of the trader. Before you start trading on a real account, you must go through the obligatory training on a simulation account. If you show positive results you can switch to live trading. There is a monthly fee for using a simulation account. You don’t need to replenish your account to trade on a live account, since trading is funded by Topstep broker. Trading transactions are carried out on platforms that are designed to trade futures. The maximum leverage level is 1:100. There is no margin call level, and the broker automatically closes all trades every Friday at 15:45.
More about Topstep ChallengeTopstep Key Parameters Evaluation
Video Review of Topstep
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UA Kyiv 
Hussain Mehdi 
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PK Mianwali Best company
No such a weakness
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PK Rawalpindi Very beneficial
No such weaknesses
Nehal Shah
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PK Rawalpindi Best Company
No such weakness
Brandon M Nyathi
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ZW Harare One of the steps you must take to get your evaluation underway is selecting a trading platform. Qwantower is a good platform to start with as you won't pay fees for trading combine or funded account. I prefer this trading platform because of the synchro connection to other brokers.
However, if you are using windows you may need to download the .NET 8.0 DESKTOP RUNTIME (v8.0.3) windows x64 installer for this program to install on your PC if it is not yet installed.
Challenge rules and pricing
Topstep provides access to funding up to $150 000, with challenges requiring at a minimum of 2 trading days. The entry-level plan starts at $49, min but the fee is non-refundable.
- Low entry cost — from $49
- Multiple scaling options
- Flexible trading rules and conditions
- No instant funding options
- Limited funding — up to $150 000
Topstep Challenge fees and plans
We compared Topstep’s challenge plans by key parameters including pricing, profit targets, loss limits, and managed capital.
Available Trading Plans
| Trading Plans | Managed amount, USD | Price, $ | 1 step profit target, $ | Daily loss,% | Max. loss, % |
| 50 000 |
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| 100 000 |
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| 150 000 |
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What’s the minimum trading period for Topstep’s challenge?
A minimum of 2 trading days is required, regardless of how quickly you reach the profit target.
Does Topstep offer a free evaluation?
No, Topstep does not offer a free evaluation option. If you’re looking for firms that do provide this feature, you may consider exploring other companies that support free challenge models, such as: Funded Trading Plus, Emerge Profit, City Traders Imperium.
Is instant funding available at Topstep?
No, Topstep does not offer instant funding. If this option is important to you, consider exploring other firms that provide instant funding models, such as: Hola Prime, Instant Funding, GoatFundedTrader.
Trading rules
Topstep outlines the main rules for funded accounts, including a max. loss of 4% and a daily loss limit of 2%. The firm also restricts certain trading strategies, which are detailed below.
- Trading bots (EAs) allowed
- Flexible leverage up to 1:100
- Scalping allowed
- Strict max loss
- Copy trading not allowed
Topstep trading conditions
We compared Topstep’s leverage and trading conditions with competitors to help you better understand how it measures up.
| Topstep | Hola Prime | SabioTrade | |
| Max. loss, % | 4 | 5 | 6 |
| Max. leverage | 1:100 | 1:100 | 1:30 |
| Weekend close rule | Yes | No | No |
| Mandatory Stop Loss | No | No | No |
| Trading bots (EAs) | Yes | Yes | Yes |
| News trading | Yes | Yes | Yes |
| Scalping | Yes | No | Yes |
| Copy trading | No | No | No |
Deposit and withdrawal
Topstep earned a High score based on how smoothly and conveniently traders can deposit and withdraw funds.
Topstep stands out by offering a wide variety of payment options, ensuring a smooth and efficient fund management experience for traders.
- Bank сard deposits and withdrawals
- On-demand withdrawals
- Wide range of deposit and withdrawal options
- Supports bank wire transfers
- USDT payments not supported
- Payoneer not supported
- BTC payments not supported
Deposit and withdrawal options
To help you evaluate how Topstep performs, we compared its deposit and withdrawal methods with those of two competing proprietary trading firms.
Topstep Payment options vs Competitors
| Topstep | Hola Prime | SabioTrade | |
| Bank Card | Yes | Yes | Yes |
| Bank Wire | Yes | No | No |
| Crypto | No | Yes | Yes |
| PayPal | Yes | Yes | No |
| Wise | Yes | No | No |
| Payoneer | No | No | No |
| Skrill | No | No | No |
| Neteller | No | No | No |
Profit withdrawal frequency
We compared Topstep with other prop firms based on how frequently traders can withdraw their profits: on demand, weekly, or monthly. Firms that allow more frequent payouts offer greater flexibility and quicker access to earnings.
| Topstep | Hola Prime | SabioTrade | |
| On demand | Yes | No | Yes |
| Weekly | No | Yes | No |
| Biweekly | No | Yes | No |
| Monthly | No | Yes | No |
What base account currencies are available?
Topstep offers the following base account currencies:
Trading Account Opening
To start trading, register on the Topstep broker's website. You can do this by following Traders Union’s step-by-step instructions:
Visit the broker's official website. Find the "Start Trading” button on the main page, in the center of the screen. Click it to start registration.
Select one of the trading options — Futures. Click on the "Start Trading" button under the desired option.
Click on the "Start My Trading Combine" button.
Then select the type of trading account you want — Topstep accounts differ in purchasing ability and commissions. You can also select the currency of the account and study the trading terms of different accounts. Click on the "Select" button under the selected account.
In the window enter your login and password, if you are a registered user. To open a new account, click on the "Register here" inscription, which is located under the "Login" button.
Fill out the form with personal data such as your email address, full name, and password to log in to your account.
Enter your phone number. Click on the "Send Verification Code" button and enter the 4-digit code that the broker will send to your phone. If necessary, you can go back and change the phone number.
Now pay a fee for using the broker's services. The amount depends on what type of account you chose.
The following options are available in the Topstep personal account:
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Financial statistics.
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Trade section.
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Customer portal.
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Analytical and news portal.
Regulation and safety
Topstep is registered in Chicago, Illinois, in the USA. It allows its clients to trade on simulated accounts while having access to real market conditions.
Trading on a real account is carried out through several reputable brokers - Plus500, NinjaTrader Brokerage, Dorman, and CQC.
Advantages
- Live trading is done through a regulated broker
Disadvantages
- Topstep doesn’t provide license or regulation data
Markets and tradable assets
Topstep has a score of 4.5/10, indicating an Average offering of markets and tradable assets.
- Indices available
- Futures available
- CFDs not offered
- Crypto trading unavailable
Tradable markets
We compared the range of tradable instruments offered by Topstep with two leading competitors to highlight the differences in market access.
| Topstep | Hola Prime | SabioTrade | |
| Futures | Yes | No | No |
| CFDs | No | Yes | Yes |
| Forex | No | Yes | Yes |
| Options | No | No | No |
| Stocks | No | No | No |
| Crypto | No | Yes | Yes |
| Indices | Yes | Yes | Yes |
Investment Options
Topstep provides services for those traders who prefer independent capital management and who seek profits by making transactions within a single trading day. There are no conditions for investing, passive income, or using copy services in the company.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Topstep’s affiliate program:
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Affiliate Program. Here you can get extra income by participating in Topstep’s affiliate program. The broker provides all the necessary tools, including marketing materials, promotion methods, and strategies. You are required to attract new active users to Topstep by placing an individual referral link on the network. You’ll get a bonus for each of the attracted clients (referrals).
The broker provides monthly payments to participants in the referral program, in addition to materials and tools. Also, you will get exclusive discounts for yourself and your referrals. You can find the information about attracted clients in your personal account.
Customer support
Topstep offers a customer support service to solve the questions and problems of its traders. Contact the company's employees in one of the most convenient ways. The service is open from Monday to Friday.
Advantages
- The company offers several ways to communicate with its employees
- Find the answers to frequently asked questions (FAQs) in the Help Center section.
Disadvantages
- The support service works only on weekdays
- No callback function
- You cannot visit the broker's office to solve problems or open an account
This broker provides the following communication channels for its clients:
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call to one of the provided phone numbers;
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letter to the broker's email;
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complete the contact form;
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send a message to online chat.
The broker is also represented on social networks, including Facebook, YouTube, Instagram, Twitter, and LinkedIn.
Contacts
| Foundation date | 2000 |
|---|---|
| Registration address | Topstep | LLC 224 N Desplaines St #350 | Chicago, Illinois 60661 |
| Official site | https://www.topstep.com/ |
| Contacts |
Education
There is a section with materials that will be useful to traders with a basic knowledge of futures trading on the Topstep website. There is no information on the website for novice traders to understand the specifics of trading in various assets.
You can test different trading strategies for free on Trading Combine. Moreover, the broker provides access to real trading only after the trader develops and/or demonstrates positive trading skills on the imitation account.
Comparison of Topstep to other prop firms
| Topstep | FundedNext | Hola Prime | SabioTrade | FTMO | OANDA Prop Trader | |
| Trading platform |
Deriv Trader, TSTrader, NinjaTrader, TradingView, Bookmap X-ray, Cunningham Trading Systems, DayTradr, InvestorRT, MotiveWave, MultiCharts, Rithmic R|TRADER Pro, Trade Navigator, Volfix.net | MetaTrader4, MetaTrader5, cTrader | MetaTrader5, Match Trader, DXTrade, cTrader | Exclusive QuadCode trading platform (web, mobile app, desktop) | MetaTrader4, MetaTrader5, cTrader, DXTrade | MetaTrader5, MT5 Webtrader |
| Min deposit | $1 | $32 | $48 | $119 | $155 | $35 |
| Leverage |
From 1:1 to 1:100 |
From 1:1 to 1:100 |
From 1:1 to 1:100 |
From 1:1 to 1:30 |
From 1:1 to 1:100 |
From 1:1 to 1:100 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 0.1 points | From 0.9 points | From 0 points | From 0 points |
| Level of margin call / stop out |
1% / 1% | No | No | 100% / 50% | 50% / 50% | No |
| Order Execution | ECN | N/a | Market Execution | Market Execution | Instant Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | No | No |
Detailed Review of Topstep
Topstep is an international prop-trading company offering unique trading terms for working withfutures. Initially, regardless of the level of your professionalism, you must trade on a Trading Combine simulation account, taking into account all trading restrictions: the maximum daily and weekly loss limit allowed, the maximum trading volume, and other factors. The "trial period" includes 2 stages. At the first stage, you shall prove that your trading is profitable; the minimum stage duration is 5 days. At the second stage, you must prove your risk management skills; and the minimum time for this stage is 10 days. There are no restrictions on the maximum time for the stages passing, however, the broker charges a fee for each month of trading on Trading Combine.
Topstep - Pros and cons for beginners
Topstep by the numbers:
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The maximum leverage is 1:100.
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Traders are offered 2 types of accounts: simulator and real Funded account.
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In 2021, the broker paid out profits to its clients for over $2,900,000.
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Topstep offers 9 basic currencies for a trading account.
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The broker's trading community includes representatives from 143 countries.
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With income on a real account up to $5,000, the broker pays the trader 100% of the earnings, that is more than $5,000 - 80%.
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Topstep funded over 6,000 accounts in 2020.
Topstep is a broker that provides financing for active day traders
After the trader has proven the profitability of his trading strategy and his risk management skills, the broker opens a real Funded Account. There is no need to replenish a deposit to get started since the account is funded by Topstep. Your task is to trade following all the rules and restrictions of the broker. Thus, you don’t risk your own funds when trading. If the trader’s income is up to $5,000, Topstep pays the client the amount in full; if the income is over $5,000, the trader gets 80% of the amount earned.
Topstep offers over 14 platforms for futures trading. The possibility of mobile trading depends directly on the platform because the broker doesn’t have its own mobile application.
Useful services by Topstep:
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Economic Calendar. In this section, you can see many calendar and economic events already marked. The information will help you adjust your trading strategy and take into account possible changes in the market in advance.
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Latest News. Here you can find the latest news on finance, press releases, the trading community, and more. You can select topics of interest or articles from specific authors using a filter.
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Futures Magazine. The magazine contains information about the latest news in the trading world, different groups of assets, and other data that traders can actively use.
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Coaching. You will have access to free group coaching from trade experts, as well as digital coaching to help develop your discipline and shape your trading strategy.
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Help Center. The support service is not always in touch, and in most cases, you just need to visit this section to resolve the issue, since it contains all the information that you need to know before starting work at Topstep.
Advantages:
There is no need to invest your own funds in real trading.
The company's website contains training materials that are constantly updated.
The broker offers convenient ways to contact support.
You can get extra income by participating in the referral program.
You can trade standard, mini and micro-lots.
You can open an unlimited number of accounts with the company.
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