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!

TopStep

Futures Prop Firm
Established: 2012 (14 years in business)
Legal Company Name: Topstep LLC
Location: Chicago, Illinois, USA
Leadership: Founder & CEO: Michael Patak
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

Topstep funds traders worldwide, but eligibility depends on citizenship and residency. Certain countries are restricted due to OFAC sanctions or partner limitations, and some jurisdictions may be eligible for Express Funded Accounts but not Live Funded Accounts.

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
Countries and Jurisdictions With Different Handling
None.
Execution-related costs such as commissions, per-contract fees, data fees, spreads, swaps, and other trading costs; plan purchase fees and activation fees are shown separately.
Per-trade round-turn costs are deducted from account balance automatically. Current TopstepX accounts use the published TopstepX round-turn schedule by product, while older live accounts on legacy platforms used platform-specific round-turn totals plus exchange fees.
General Policies
Algorithm & EA Policy
Allowed
Automated strategies are permitted in Express Funded and Live Funded Accounts, but Topstep does not help set up or troubleshoot them and will not make exceptions for errant trades or malfunctions. Automated trading through the ProjectX API is prohibited in Live Funded Accounts.
Copy Trading

Trade copiers are allowed for eligible funded accounts. Express Funded traders can duplicate trades across up to five Express Funded Accounts, and Live Funded traders can duplicate trades across multiple accounts using a trade copier. Copy-trading connections are automatically disabled while a payout request is processing, and prohibited conduct still includes pooling or hedging risk across unconnected accounts.

Business Entity Accounts
Allowed
Microscalping Policy
Exploitative SIM scalping algorithms and rapid-trade abuse are prohibited; no general minimum hold-time rule is stated in the cited source.
Bots Policy

Automated trading is allowed, but strategies that exploit the simulated environment or use prohibited software, artificial intelligence, ultra-high speed, or mass data entry for unfair advantage are not allowed.

Allowed Trading Hours
All positions must be closed by 3:10 PM Central Time Monday through Friday. Trading resumes at 5:00 PM CT, including Sunday evening for the new week. Overnight and weekend holds are not allowed except for the Sunday overnight exception into Monday morning described in Topstep rules.
Weekend Holding Policy

Not allowed. This seems standard for futures-oriented prop firms.

Move to Live Criteria

Pass a Trading Combine, activate an Express Funded Account within 30 days, and become eligible for a Live Funded Account after earning at least one payout in eligible Express Funded Accounts. Live Funded size is based on the average size of eligible Express Funded Accounts, rounded up to the next $50K, $100K, or $150K tier. Only one active Live Funded Account is allowed at a time.

Rule Enforcement Notes

Prohibited Conduct is handled case by case rather than through automatic rule outcomes. Enforcement can include warnings, deletion of the impacted trading day, account reset, payout delay or denial, permanent account closure, or suspension/ban from the site and services depending on severity and prior history.

Refund Policy

Topstep generally does not offer refunds once a purchase is made because the Trading Combine provides immediate access to live data and a trading account. The refund policy separately covers specific cases such as recent rebills, activation fees, resets, and promo-code issues.

Activation Fee Policy

Activation fees depend on the Trading Combine path. The Standard Path carries a $149 activation fee after passing, while the No Activation Fee path has no activation fee but a higher monthly subscription cost.

VPN Policy
VPNs, proxy services, TOR, geo-location obfuscation, and other identity-masking services are not allowed while trading with Topstep.
Payment Methods
Credit/Debit Card
Payout Methods

Topstep Express Funded payout eligibility depends on the funded option the trader selects after activation. Standard requires 5 winning days of $150 or more plus profit above $0 since the last payout after the first request, while Consistency requires 3 trading days with a 40% consistency target. Both allow requests for up to 50% of account balance, subject to account-size payout caps. Live Funded Accounts can request up to 50% of balance after 5 winning days, and daily payouts unlock after 30 winning trading days in Live.

ACH Bank Wire
Change Log
Current News / Promotions
Reviews
No Trustpilot profile is linked for this firm yet.
Execution Platforms

Topstep uses TopstepX as its primary platform. Support materials also document Quantower connectivity through TopstepX, while TopstepX itself includes TradingView charts inside the platform rather than a separate external TradingView connection.

Languages Supported
0 languages
Help & Resources
Address: 130 S Jefferson St, Suite 200, Chicago, IL 60661
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.

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!
Note:
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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.