Topstep minimum deposit and account details

What is the Topstep minimum deposit?

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The Topstep minimum deposit is the amount you must make to get the account. Since it is a prop firm, you must ensure you don't hit the drawdown limit. Furthermore, it is advisable to keep a check on the leverage issued by the firm as well. When you pass these basic requirements, you can secure the position.

You must play by the rules if you have taken a funded account from Topstep. Step 1 and Step 2 have a daily loss limit and Trailing Max Drawdown limit. You will also need to follow the minimum trading days limit.

The trailing maximum drawdown is calculated depending on the account balance high. For example, when you make $500 on the first day of trading in your $50K account, the trailing maximum drawdown limit, in that case, will be $48,500, for which $2000 will be the account high. You must maintain the Trailing drawdown limit until you pass Step 2.

Topstep minimum deposit vs. competitors

The details of Topstep minimum deposit as compared to its competitors is as follow:

Topstep deposit methods and fee

When you plan to become a funded trader with Topstep, you must deposit the recurring amount to get the evaluation trading account. You can deposit the money in your Topstep account via different methodologies. You can make Topstep Instant Deposit using these:

Topstep deposit fees

It is crucial to pay the fees. Unlike many other prop firms, Topstep provides the benefit of recurring deposits. To participate in Topstep evaluation programs, you must deposit the amount via any of the methods mentioned above. There are three account plans that you can choose from. The deposit fee for the three different accounts includes $165, $325, and $375.

You will have to pay this recurring fee each month once you sign up and until you pass the Challenge. However, one leverage you get from this platform is that you will not have to worry about profit sharing in the initial stages. The profit you make for the first $5000 will be yours. After that, you can get into the 90/10 profit-sharing model.

Topstep deposit processing time

No matter which method you're using for depositing in your Topstep account, it is essential that you follow the steps. The processes for depositing in your Topstep account are mentioned in the article above. Once you have paid using any of the methods above, the maximum duration for each payment method will range from 5-10 minutes. You must get it authorized if you make payment via any bank. If you are making Topstep Deposit, you cannot use any gift cards and pre-paid credit cards. Therefore, using a debit card, credit card, or PayPal is advisable only.

Topstep account currencies

Topstep accepts different types of currency trading. When trading in Topstep, you must know what currencies you can trade-in. Currently, you can trade in 9 currencies. These include:

As far as depositing is concerned, you must use your local currency to deposit. However, you may lose some money in conversion during the deposit procedure. You will lose the money if you're not depositing the accepted currency.

How to deposit money on Topstep? Step-by-step guide

To deposit money on Topstep, you will need to follow these steps:

Please note that you should confirm if your account is fully verified before deposit or if there's any deposit minimum or fees.