Topstep, LLC, stands out in the trading sector by offering a unique Trading Combine® program that helps traders build skills and discipline while being evaluated for funding.
Topstep Funded Traders™ can achieve a funded account in as little as two days and have the opportunity to earn payouts up to four times a month.
The company provides various account sizes with defined profit targets, loss limits, and monthly fees.
Exclusive features include the TopstepX™ trading platform, multiple accounts, fast payout processing, and an array of educational resources.
Legal Company name
Topstep, LLC
Company address
Chicago Board of Trade Building
141 W Jackson Blvd
#4240
Chicago, IL 60604
Year of establishment
January 2012
Place of company registration
United States
Company owners
CEO: Michael Patak
Trading platforms offered
- TopstepX
- NinjaTrader
- Quantower
- T4
- R Trader Pro
- Atas Orderflow Trading
- MotiveWave
- VolFix
- Bookmap
- Investor/RT
- Jigsaw
- Daytradr
- MultiCharts
- Sierra Chart
- Trade Navigator
Trading instruments available
- Futures products from CME, COMEX, NYMEX, and CBOT
- E-mini and Micro E-mini indices (e.g., S&P 500, NASDAQ 100)
- Various currency futures
- Commodity futures (e.g., Crude Oil, Natural Gas, Gold, Silver, Corn, Wheat, Soybeans)
- U.S. Treasury Notes and Bonds
Payment methods available
- Visa
- Mastercard
- American Express
- Discover
- PayPal
Range of account sizes offered
- $50,000 buying power: $50/month, profit target $3,000, max position size 5 contracts, max loss limit $2,000
- $100,000 buying power: $99/month, profit target $6,000, max position size 10 contracts, max loss limit $3,000
- $150,000 buying power: $149/month, profit target $9,000, max position size 15 contracts, max loss limit $4,500
Profit split structure
- Traders receive 100% of profits up to $10,000
- After $10,000, the profit split is 90/10 (trader/Topstep)
Profit targets for each challenge phase
- $50,000 account: profit target $3,000
- $100,000 account: profit target $6,000
- $150,000 account: profit target $9,000
Maximum daily and total loss limits
- $50,000 account: max loss limit $2,000
- $100,000 account: max loss limit $3,000
- $150,000 account: max loss limit $4,500
Overview of challenges and general rules
The Trading Combine® is designed to evaluate traders' skills, discipline, and habits. Upon passing, traders unlock a Funded Account®. The program offers defined account sizes with specific profit targets and loss limits.
Pricing/costs to start challenges
- Monthly fees: $50, $99, $149 depending on account size
- One-time $149 Activation Fee per Express Funded Account upon passing
Fees & commissions
- Commission-free trading in Trading Combine
- Round-turn costs in Live Funded Account:
- Commissions & Fees: $0.72 to $2.04
- Exchange Fees: $2.46 to $4.30
Refundable fees details
14-day satisfaction guarantee for a refund of one monthly renewal payment for the Trading Combine.
Free trial availability and details
No free trial available
Payout frequency
Up to four times a month
Leverage
No traditional leverage; trading limits are based on account size and max position size.
Consistency rule
- Best day must be no greater than 50% of the profit target
- Continue trading if the best day exceeds 50% of the profit target
Commission per lot
Not specified
Customer support options and details
Support available Monday to Friday, 5:30 AM – 8 PM CT. Live chat with experts in Chicago.
Trustpilot Reviews
Average rating: 4.6
Positive
- Excellent Futures Platform: TopStepX is highly praised as one of the best futures trading platforms, offering features like copy trading and an intuitive, responsive interface.
- Great Customer Service: Customer service is generally considered good, with issues like login problems being resolved within 24 hours. The support team, including the founder Michael Patak, is appreciated for their dedication.
- Opportunity for New Traders: Topstep provides an excellent opportunity for aspiring traders to prove their skills and trade with the company's capital. The availability of extensive training resources on their site, YouTube, and Discord is a significant benefit.
- Simple and Favorable Rules: The trading rules are not overly complicated and are designed to favor the traders. The new scaling plan for TopStepX users allows for trading more contracts, enhancing trading flexibility.
- Positive Trading Environment: The platform's daily drawdown feature helps traders improve their trading styles, and the company's overall approach to trader success is well-regarded.
Negative
- Consistency Rule Limitation: The consistency rule is seen as a limitation by some traders, as it imposes restrictions that can be challenging to navigate.
- Limited Copy Trading Accounts: There is a restriction on the total number of accounts that can be copied (just 5 accounts), which some traders find limiting.
- Support Response Times: The support response times are a common complaint. Many users report that it can take several days to get a response, which can be frustrating and lead to missed trading opportunities.
- Lack of Live Chat or Phone Support: The absence of live chat or phone support is a drawback. Issues like payment glitches take longer to resolve due to the lack of immediate support options.
- Discord Moderation Issues: Some users have had negative experiences with Discord moderators, particularly with one moderator known as "The Lawyer," who is seen as overly strict and power-hungry, leading to dissatisfaction among the community.
Frequently asked questions
- 14-Day Satisfaction Guarantee Policy: Refund available for one monthly renewal payment if dissatisfied within the first 14 days.
- Accidentally Left Subscription on/Forgot to cancel: Refunds considered within 72 hours after charge for accounts with no new trading activity.
- Promotional Codes and Discounts: No refunds for incorrectly applied codes or purchases outside promotion terms.
- Passed the Trading Combine After a Recent Charge: No refunds or prorates for recent payments if requirements met shortly after a monthly payment.
- Switching Platforms: No refunds for platform switch requests if trading activity exists.
- Consistency Target: To pass the Trading Combine, your best day must be no greater than 50% of your profit target.
- Resets: Prices vary per account size. $49 for 50K, $99 for 100K, $149 for 150K accounts.
- Data Fees: Level 1 data is free; Level 2 data costs $39 per month.