TopStep
Core metrics
PropMason Score
Based on 3 scored plans across 1 programs
Scores summarize current firm plans. Some values vary by plan, and estimated values should be checked on the firm site before you commit.
Executive Summary
TopStep is a Chicago-based prop firm offering 90% profit split after two-step evaluation.
TopStep Overview
TopStep is one of the oldest prop firms, founded in 2012 in Chicago. They are BBB accredited and have paid millions to funded traders.
Risk Analysis
Primary risks are rule and payout-path complexity. Topstep uses a real-time Maximum Loss Limit, optional Daily Loss Limits through Responsible Trading Advantage, contract limits, a 50% Trading Combine consistency target, and separate XFA payout paths. Traders should verify whether they are choosing Standard or No Activation Fee pricing and whether RTA is on or off before purchase.
Frequently Asked Questions
Is TopStep a legitimate prop firm?
TopStep is a proprietary trading firm that provides funded accounts to traders who pass its evaluation challenge. PropMason tracks rule changes and community feedback to support due diligence. Always verify terms before funding an account.
What is TopStep's profit split?
TopStep offers up to 90% profit split to funded traders. Check the firm's current pricing page for the latest terms, as these figures can change.
How does TopStep's drawdown rule work?
TopStep uses a static drawdown - a fixed loss limit from the initial balance. Your account may be closed if losses exceed 3% of the applicable balance. Verify the current rule before relying on it.
How much does TopStep's evaluation cost?
TopStep's evaluation challenge starts from $85. The evaluation fee is typically non-refundable. Prices vary by account size.
When can I withdraw profits from TopStep?
At TopStep, the first payout is available after 5 days, payouts are processed On Demand. Verify the latest payout terms directly with the firm because conditions may change.
How does PropMason track TopStep's rule changes?
PropMason monitors TopStep's website and terms for changes to profit splits, drawdown limits, payout rules, and challenge pricing. Detected changes are logged so traders can review what changed and when.
Answers are auto-generated from verified data. Always confirm current terms directly with TopStep.
PropMason is an independent data library analyzing structural risks in proprietary trading. We do not provide financial advice. All data is sourced from publicly available terms and conditions. Verify all information at source.