
Topstep
FuturesOverview
GENERAL INFORMATION
- Firm Name
Topstep
- Established
January 2012
- Location
United States
- CEO
Michael Patak
- Trustpilot Rating
3.5
- Instrument Types
Futures
- Programs
1-Step (Trading Combine -> Express Funded [Standard Path, Consistency Path]); Live Funded
PLATFORM & DATA
- Broker
Plus500
- Platforms
TopstepX
- Data Feed
TopstepX (own data feed)
PAYMENT & PAYOUT METHODS
- Payment Methods
Credit/Debit Card
- Payout Methods
ACH, Aeropay, Bank Wire Transfer, Wise
- Payout Processor
Aeropay
INSTRUMENTS & ASSETS
- Assets
Futures (CME equity index β ES, NQ, RTY + micros; FX futures)
Challenges & pricing
| Account | Price | Target | Max loss | Drawdown | Min days |
|---|---|---|---|---|---|
| 50K | $49/mo | $3,000 | $2,000 | Trailing (MLL / One Rule) | 5 |
| 100K | $99/mo | $6,000 | $3,000 | Trailing (MLL / One Rule) | 5 |
| 150K | $199/mo | $9,000 | $4,500 | Trailing (MLL / One Rule) | 5 |
Rules & conditions
DRAWDOWN & RULES
- Drawdown Type
Trailing (Maximum Loss Limit / MLL). After a payout the MLL is automatically set to $0 β the trader cannot let the balance reach or go below $0.
- Daily Loss Limit
Live Funded only: 50K $2,000, 100K $3,000, 150K $4,500. If tradable balance falls to $10,000 or below, DLL becomes $2,000 (returns to tier DLL once EOD balance is back above $10,000).
- Consistency Rule
Combine: 50% (challenge). Express Funded Standard Path: none (funded). Express Funded Consistency Path: 40% (funded).
- Contract / Scaling Limits
50K: up to 5 minis / 50 micros, 100K: 10 minis / 100 micros, 150K: 15 minis / 150 micros. Express Funded has a daily Scaling Plan objective.
- News Trading
Allowed with no restrictions during Evaluation and Funded stages.
- Other Key Rules
Min trading days β Combine eval: 2 days (tied to 50% consistency); Express Funded Standard: 5 winning days of $150+; Express Funded Consistency: 3 days with 40% target. Copy trading only within the same trading environment (Combine <-> Express Funded; Live Funded cannot use the Trade Copier). EAs/automated strategies allowed (trader responsible; must comply; TopstepX supports automation via API only). Inactivity: Express Funded must trade at least once every 30 days. Prohibited: Account Stacking, Intentional Account Depletion, Terms Violation, manipulative tools (AI/automation abuse), Abnormal Market Behavior, Trading Outside Market Range, News Event Exploitation. VPN/Proxy/TOR/geo-obfuscation not permitted. Purchase limits: up to 20 new Trading Combine subscriptions/month; 2 resets per account per calendar day. SIM-fill abuse prohibited (scalping algos, rapid-fire trades, impossible fills). 2% Price Limit Rule (all program levels).
Payouts
PAYOUT POLICY
- Profit Split
90%
- Minimum Payout
$125
- Payout Frequency
Express Funded Standard: after 5 winning days of $150+ (request 50% of balance up to $5,000). Express Funded Consistency: 3 days with 40% target (request 50% up to $6,000). Both require profit > $0 since last payout. Live Funded: 5 winning days ($150+ Net PnL) for 50% payout; daily payouts and 100% of profit after 30 winning days (account then closes).
- Safety Net / Threshold
After a payout the Maximum Loss Limit is set to $0; must hold profit > $0 since last payout.
- Activation Fee
Offered in Standard and No-Activation-Fee variants ($ amount not stated)
- Reset Fee
Resets allowed β 2 per account per calendar day ($ amount not stated)
- Processing Time
Wise: 1-3 business days; ACH: 1-3 business days; Wire/SWIFT: 3-5 business days; International Wire/SWIFT: 5-10 business days. $30 processing fee with ACH or Wire.
Restricted countries
RESTRICTED COUNTRIES
- Restricted Countries
Afghanistan, Algeria, Angola, Belarus, Burkina Faso, Burundi, Chinese Military Companies, Cote d'Ivoire (Ivory Coast), Crimea (Region of Ukraine), Cuba, Darfur, Democratic Republic of the Congo, Haiti, Iran, Iraq, Kenya, Kosovo, Lebanon, Libya, Mali, Morocco, Myanmar (Burma), Nicaragua, Nigeria, North Korea, North of Black Sea, Pakistan, Regions of Ukraine (Crimea, Donetsk, Luhansk), Russia, Somalia, South Sudan, Sudan, Syria, Turkey, Ukraine, Venezuela, Yemen, Zaporizhzhia (Region of Ukraine)