FIRM REVIEW
Topstep
Trust: HighSpecifications
| Profit split | 100% (first $5,000) / 90% after |
|---|---|
| Max funding | Up to $150,000 (Funded Account) |
| Challenge fee | $49 – $149 / month (subscription) |
| Payout track record | Cumulative payouts published |
| Payout cycle | Weekly to monthly |
| Platforms | NinjaTrader · Tradovate · TradingView |
| Website | https://www.topstep.com/ |
Strengths
- One of the oldest prop firms in the industry (since 2012)
- Chicago-based, strong on CME-listed futures
- Subscription model makes re-attempts easier
- 100% profit on the first $5,000
Watch-outs
- Futures only — no FX or CFDs
- Monthly subscription costs accumulate during long evaluations
- US market hours — challenging for traders in distant time zones
What Topstep is
Topstep is a Chicago-based proprietary trading firm founded in 2012. Unlike most prop firms, Topstep specializes in futures trading (ES, NQ, CL, GC, etc.) listed on the CME, not FX or CFDs.
It is one of the longest-running prop firms in the industry and holds a distinct position by focusing exclusively on futures.
How it works
- Trading Combine: subscription-based evaluation. Hit the profit target and stay within max loss to pass.
- Funded Account: simulated funded account with profit splits.
- Live Funded: with sustained performance, you may move to live trading (terms apply).
The subscription model makes re-attempts straightforward if you don’t pass the first time.
What to watch
- Futures only: no FX or crypto. Assumes prior futures experience.
- Time zone: heavy CME exposure means main trading sessions are during US hours.
- Subscription accumulation: a long path to passing can compound monthly costs.
Our take
For traders who already focus on futures and can trade US sessions, Topstep is one of the most trust-grade options in the industry. FX-centric traders should consider FTMO or The5%ers instead.
* Contains affiliate links. Always confirm latest terms and fees on the firm’s official site.