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TopStep

Prop Trading Firm

https://www.topstep.com
Legal Company Name: Topstep LLC
Location: 141 W Jackson Blvd, Suite 4240, Chicago, IL 60604, USA
Established: 2012 (14 years in business)
Leadership: Founder & CEO: Michael Patak
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Prop trading firm for Futures traders

Primary Market: Futures

Our Summary
Pros: Topstep has been highly regarded for years for brand reputation and fast payouts, and it is still widely viewed as one of the more credible firms in the futures prop space. More recent community criticism appears to be driven mainly by changes in trader experience, including reduced legacy-style perks for newer users and stronger reliance on TopstepX for newer account workflows, rather than by payout reliability itself. Strict hedging enforcement should not be treated as a con here, since that is standard across reputable prop firms and helps preserve program integrity. Overall, Topstep remains a trusted firm, but many traders view it today as stricter and less flexible than in its earlier period. TopStep offers the Trading Combine futures evaluation with multiple pricing paths. Internal tracking notes that standard paths may include a one-time activation fee while some alternate paths package it differently.
Trading Plans

Explore each plan's phases, price, payout timing, and requirements.

Allowed Trading Instruments

This firm cannot accept traders from the below countries due to regulatory restrictions and compliance requirements.

Afghanistan
Algeria
Angola
Belarus
Burkina Faso
Burundi
Crimea
Cuba
Democratic Republic of the Congo
Haiti
Iran
Iraq
Ivory Coast
Kenya
Kherson (occupied)
Lebanon
Libya
Mali
Morocco
Myanmar
Nicaragua
Nigeria
North Korea
Pakistan
Russia
Somalia
South Sudan
Sudan
Syria
Turkey
Ukraine
Venezuela
Yemen
These commission schedules show the per-side or round-trip trading costs, including exchange-style fees, used to mimic what trading the same futures contracts would cost in a regular cash brokerage account.
General Policies
Algorithm & EA Policy
Automated strategies can be used in Trading Combine and Funded Accounts, with disclaimers (no setup/troubleshooting support). Bots/algorithmic trading are not supported in the TopstepX platform. Strategies that exploit the simulated environment (for example, scalping algorithms for unrealistic fills, HFT, or manipulative mass data entry) are prohibited.
Microscalping Policy
Exploitative SIM scalping algorithms and rapid-trade abuse are prohibited; no general minimum hold-time rule is stated in the cited source.
Refund Policy

No refunds for Trading Combine® fees, even for cancellations, premature termination, failures, or violations. Fees final and non-cancelable. No refunds for funded accounts upon termination; profits may be forfeited for prohibited conduct.

Activation Fee Policy

Activation fee depends on path: standard path includes a one-time $149 activation fee, while alternative higher-monthly-cost paths may include no activation fee.

VPN Policy
Does not allow VPN/proxy/TOR/geo-obfuscation while trading; use can trigger platform errors or policy violations.
Change Log
Current News / Promotions
Trading Platforms
Reviews
Trust Pilot
Rating: 3.4 / 5
Reviews: 13,606
Last checked: Feb 17, 2026
View Trustpilot profile
Evaluate Trustpilot reviews with a grain of salt: the platform is known to have fake review issues.
Languages Supported
0 languages
Help & Resources
Holiday Notes

Holiday trading is allowed during market-open sessions.
Holiday flattening rules require positions closed about 15 minutes before holiday close.
Traders should follow Topstep holiday schedule announcements.

Back to Prop Firm Database
HEADS UP: Prop firms change their plans and rules all the time, and tracking it all sometimes seems impossible. We try to stay current but can't guarantee every detail is up to date. See something wrong? Let us know!
Risk & Affiliate Disclosure

Please manage risk carefully when using any prop firm. Trading involves substantial risk, and you can lose part or all of the money you spend on evaluations, subscriptions, or related services. Never invest money you cannot afford to lose.

Prop firm terms, payout policies, and account rules can change at any time, including updates that affect existing accounts. Always confirm current terms directly on the firm's official site before purchasing.

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Commentary and reviews on these pages reflect our editorial judgment based on available public information, trader reports, researching community forums, and direct testing where applicable. Ongoing updates are published at happydogtrading.com.

Legal Notice
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