Overview
Topstep is a US-based proprietary trading firm that has been an industry pioneer since 2012, specializing in futures trading. With a unique 1-Step challenge, traders can get funded in as little as 2 days, and the firm offers a competitive 90% profit split. Topstep's features include its proprietary TopstepX platform, NFA membership, and partnerships with major platforms like NinjaTrader and Tradovate.
Challenge Structure & Pricing
Topstep's 1-Step challenge has a starting price of $49, with a maximum allocation of $300K. The challenge has a maximum drawdown of 4%, which is relatively conservative compared to other firms. The pricing model is a monthly subscription, and traders are required to pay a $149 activation fee after passing the challenge. Compared to other firms, Topstep's pricing is relatively competitive, especially considering the potential for high payouts.
Profit Split & Payouts
Topstep offers a competitive 90% profit split, with payouts occurring every 2 business days. The firm has a strong payout track record, with 280 payouts in the last 30 days, totaling $24.0M. The average payout speed is 12 hours, which is relatively fast compared to other firms. The maximum payout is up to $6,000, which is a significant incentive for traders.
Trading Conditions
Topstep supports multiple platforms, including NinjaTrader, Tradovate, and TradingView, and offers trading in futures assets. The spreads are competitive, with EUR/USD at 0.2 pip, Gold at 19 pip, and NAS100 at 1 point. However, it's worth noting that Topstep only offers futures trading, with no options for forex or stocks.
Trust & Reputation
Topstep has a Trustpilot score of 3.4/5, based on 13,640 reviews. While the score is not exceptionally high, the large number of reviews suggests that the firm has a significant and established presence in the market. Topstep is also an NFA registered member, which adds to its credibility and trustworthiness.
Who Is It Best For?
Topstep is best suited for experienced futures traders who are looking for a competitive profit split and fast payouts. The firm's 1-Step challenge and relatively conservative drawdown requirements make it accessible to traders who are looking to get funded quickly. However, the monthly subscription model and limited asset classes may not be suitable for all traders.
The Bottom Line
Topstep is a well-established proprietary trading firm that offers a competitive profit split and fast payouts. While the firm has some limitations, such as a monthly subscription model and limited asset classes, it is a solid option for experienced futures traders. With its strong payout track record and NFA registration, Topstep is a reputable firm that is worth considering for traders looking to take their trading to the next level.
This review was generated by AI based on publicly available data and may not reflect the most recent changes.
