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Topstep logo

Topstep

Regulated
United States
Since 2012
Last Updated:

Trading Conditions

Min Deposit:
USD165
Max Leverage:
N/A
Account Types
  • Prop
  • Funded
  • Funded
  • Prop
  • Proprietary

Official website

topstep.com

Online · checked Sep 10, 2026

Funding Methods

8 methods

Wise

bank transfer
Up to 1 day
Fee:Not recorded
Fee:$20

ACH

bank transfer
Up to 1 day
Fee:Not recorded
Fee:$20

Wire/SWIFT

wire transfer
Up to 3 days
Fee:Not recorded
Fee:$20

Visa

credit card
Instant
Fee:Not recorded
Fee:Not recorded

Mastercard

credit card
Instant
Fee:Not recorded
Fee:Not recorded

American Express

credit card
Instant
Fee:Not recorded
Fee:Not recorded

Discover

credit card
Instant
Fee:Not recorded
Fee:Not recorded

PayPal

e wallet
Instant
Fee:Not recorded
Fee:Not recorded

Trust rating

High risk

48 out of 100 · 60% checked· Provisional

The licences it claims have not been checked on any official register.

We checked Topstep on 2026-10-29 across its regulation, company record, client terms, trading offer and service, and could verify 60% of its record. It claims 1 licence on its site, but none has been checked on an official register yet. The score of 48 is what the checked record adds up to; nothing held it down. The rating stays provisional until a claimed licence is checked on an official register. What would move the score: licence held by the onboarding entity, verified age, transparency. No investigation has been published yet, so complaints and reputation are unknown. Its client terms have not been reviewed yet.

Score last calculated 2026/10/29

Company Information

Full Name:Topstep LLC
Founded:2012
Headquarters:United States
Enterprise Offices:N/A

Customer Support

Phone:
+1 888-407-1611
Live Chat:
Available
Response Time:
—
Languages:
English
Scroll Down
Editorial review
Updated

Broker Summary

What Wikilix has recorded about Topstep: its history, the licences it holds, its trading conditions and its fees.

Introduction

Topstep represents a revolutionary brokerage firm and a groundbreaking model in the way traders access funds and upgrade their skills. With more than a decade of expertise, Topstep has created a solid foundation and a reliable platform that not only helps traders access funds but also provides assistance through training, analysis, and community resources.

As a future trader who wishes to demonstrate your expertise or perhaps an expert who seeks a roadmap for lucrative trading, Topstep has a unique trader funding program that enables future traders globally. This article will explore the offerings, trading terms, regulatory environment, and user experience that make Topstep stand out in the finance industry.

Background and History

Topstep is known as the pioneer in the industry for its funded trader program and has been using this innovative strategy for more than 12 years now. The aim of the company is based on searching for talented traders and offering them the funds required forutures market trading without using their own money. In fact, the company has given out many million-dollar payouts to traders from across the globe.

Though some details like the company’s founding year, founders, and base of operations are not provided on the Topstep website, the company has managed to build its platform to the point where it supports more than 170,000 traders. This shows that the company puts much effort into educating and using technology to promote successful traders.

Features and Services

The core service that Topstep provides to traders is the Trading Combine®, which is an evaluation tool that assists traders in showcasing and refining their skills as traders. With the Trading Combine®, traders are able to access the fully funded accounts within two days upon meeting the requirements. Indeed, the Trading Combine® focuses on teaching traders to be consistent in the markets.

After that, the traders can get access to the Express Funded Accounts as well as the Live Funded Accounts, which allow traders to place up to $150,000 in trades. This starting balance is the highest in the trade market.

Special Features and Facilitation

Topstep has a number of unique attributes that improve trading processes:

• Daily payments after registering five successive successful days with net profits above $150

• Bonuses and scaling plans based on performance to incentivize success

• A risk management process whereby traders can lower risk limits as they level up.

• Full coaching program via TopstepTV, Discord community, and group coaching

• Educational courses and dedicated Trader Support for ongoing support

Worth noting is the fact that Topstep is a platform that favors futures trade only, advising FX Futures for currency market enthusiasts. Copy trading is also supported on this platform.

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Topstep employs Topstep Brokerage LLC as a Futures Commission Merchant (FCM) registered with the regulatory authorities. This registration enables Topstep to abide by all regulatory requirements set forth under futures market regulations in the United States. Traders can check the registration of Topstep on websites such as SmartCheck.gov or Commodity Futures Trading Commission (CFTC).

However, specific license number details, regulatory jurisdictions, and public disclosures are not posted on the website, which reflects some lack of transparency regarding this matter.

Regulator Label Number

Commodity Futures Trading Commission (CFTC) Registered as Futures Commission Merchant (FCM) Active (Verified with Smart

Market Conditions and Platform Technology

Trading Conditions

Trading terms of Topstep are designed specifically for the futures market, focusing on responsible risk management and consistency. Traders are expected to reach profit targets without exceeding the Maximum Loss Limit or the Daily Loss Limit, which vary depending on the account balance. Traders with balances of $100,000 or more are eligible for higher contract limits for more significant strategies.

Trading times are synchronized with normal futures market times, with live coverage of the London session through to the close of the overnight session provided by TopstepTV seven days from Sunday through Friday. There is also daily flattening of positions by the Trade Desk.

Technological Plattform

The main trading floor, TopstepX™, is built by traders, for traders. This platform also contains expert risk management functionalities including 'Account Lockout, which automatically 'locks a trader's account when they reach profit targets or have a tough trading day, 'and 'The Tilt, which limits trades on a daily and weekly basis to curb emotional trading.

TopstepX has TradingView charts and analytic tools, as well as a novel real-time sentiment indicator that focuses on major markets including the S&P 500, NASDAQ, Crude Oil, and Gold. The website offers copy trading and is fully compatible with third-party programs including Quantower. Although the website is to be accessed from any smartphone or tablet, there are no other automated bots or algorithm-based trade tools at this time; feedback is being utilized to develop further improvements.

Feature

Markets Supported Only Futures markets (including Forex Futures) Forex Spot markets not permitted

Account Buying Power Up to $150,000 One of the largest in the industry

Risk Management Tools Account Lockout,

Trading Hours Sunday to Friday, same as futures markets TopstepTV Live Streaming Available

Platform Integration Support for TradingView charts and Quantower Support for

Leverage, Spreads, Commissions No leverage and spread mentioned, trading free of commissions NFA + Clearing fees apply per trade

fee structure

The commission on trading can be waived by Topstep, but the trader must be able to find this information on the TopstepX platform, since there are mandatory regulatory and clearing fees involved that go with each trade. These costs can be viewed in the ‘Trades’ tab. There is also a data fee that applies if the trader chooses to view data from one exchange, with the CME data set at $133.

There are no direct fees associated with deposits, withdrawals, or inactivity mentioned on the website of Topstep, which can be attributed to a lack of information on this matter.

Fee Category

Commission Commission-free NFA + Clearing fees applied per transaction

Data Fee Monthly fee (~$133 for CME) Fees for additional exchanges maybe incurred separately

Deposit Fee None specified Limited information available

Withdrawal Fee none stated Limited information available

Inactivity Fee None specified Limited information available

User Experience and Market Reputation

Topstep has an amazing trade community of 170,000+ traders, primarily bound via the Discord server and group coaching sessions on a daily basis. Learning resources such as TopstepTV and personalized guidance from Coach T™ are provided to traders to learn and improve from the insights shared in real time.

Traders enjoy benefits such as rapid daily payments, Funded Trader Certificates, and the facility to reset accounts with rebills. Encouragement for continuous improvement and motivation is enjoyed. The website does not have the facility to aggregate customer reviews and ratings. However, the company’s record of payment history and support network are factors that reflect favorably upon the company.

Recent Developments

Topstep is constantly improving its offering by upgrading its platform and services. The improvements include short wait times in the Trading Combine, giving traders fast access to the-funded accounts. The Trade Report platform has improved data delivery, and traders can now get the report data any weekday between 5-6 PM CT.

Technological upgrades on TopstepX include the implementation of copy trade functions, charting capabilities on TradingView, and live market sentiment available on the platform. Live streaming on TopstepTV operates from Sunday through Friday, providing non-stop market action. While market bots for automated trade implementation are still unavailable on the platform, the service encourages customer feedback on new feature development.

Conclusion

Topstep is a leading breakthrough in the futures trading world with a full service-funded trader program offering access to money, education, as well as a trading community. Its attention to risk management and performance as well as trader development makes them quite distinct from traditional futures brokers and funded programs.

Although there are a few specifics about regulation and fees that are not available, the openness about payouts, the cutting-edge technology, as well as the sheer number of traders, make Topstep an attractive alternative for future traders who want to advance their trading skills into trading larger sums. Looking forward, the company continues with their efforts of inspiring future traders from across the world with the change that technology can bring about.

Regulation check

Regulatory Licenses

Topstep is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked licence is not a finding either way.

0 of 1 checked
Licences on record
1
Confirmed on register
0
Tier 1 or 2
1
Offshore
0

WIKILIX

Licence intelligence

The only licence on file

Licence Verification Record

National Futures Association 0567079

Recorded from the firm's own disclosure. Not yet checked against the register.

Jurisdiction
United States
Authority strength
Tier 1
Licence type
Dealing in futures contracts
Not yet checked on the register

Client protection under this licence

  • Compensation schemeUp to USD 500000 (SIPC)
  • Client money kept separate
  • Complaints routeNFA Arbitration
  • Maximum leverage1:47

These are the rules NFA sets for the firms it licenses. They are not a statement about how Topstep applies them, or about which of its companies would hold your account.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

Trading accounts
Updated

Account Types

5 account types on record. Leverage up to 1:1.

5 account types
AccountMin DepositMax LeverageCommission
PropNot recorded1:1Not specified, depends on platform
FundedPropNot recorded1:1Not specified, depends on platform
FundedPropNot recorded1:1$0.72 to $2.04 per round turn
PropNot recorded1:1Not specified, depends on platform
ProprietaryPropNot recorded1:1Not specified, depends on platform
Account names and conditions as published by Topstep, recorded by Wikilix.
Deposits & withdrawals

Funding Methods

8 ways to fund an account. 5 credit instantly.

8 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
WiseBank Transfer
The $20 processing fee is explicitly stated for ACH and Wire on the new dashboard; community sources suggest Wise may also have the $20 fee but official confirmation is recommended. Processing times are estimates and may be delayed by compliance or banking processes.
Not recordedUSD 20Not recordedNot recordedNot recordedUp to 1 day
ACHBank Transfer
A $20 processing fee applies on the new dashboard for ACH payout requests. Payout eligibility rules apply including winning-day requirements and limits such as up to 50% of account balance per request.
Not recordedUSD 20Not recordedNot recordedNot recordedUp to 1 day
Wire/SWIFTWire Transfer
A $20 processing fee applies on the new dashboard for Wire payout requests. Processing times are estimates and may be extended by compliance or banking delays. Eligibility rules apply including payout limits and winning-day requirements.
Not recordedUSD 20Not recordedNot recordedNot recordedUp to 3 days
VisaCredit Card1Not recordedNot recordedNot recordedNot recordedNot recordedInstant
MastercardCredit Card1Not recordedNot recordedNot recordedNot recordedNot recordedInstant
American ExpressCredit Card1Not recordedNot recordedNot recordedNot recordedNot recordedInstant
DiscoverCredit Card1Not recordedNot recordedNot recordedNot recordedNot recordedInstant
PayPalE-Wallet
Used only for paying fees and subscriptions; withdrawals are not supported via PayPal.
Not recordedNot recordedNot recordedNot recordedNot recordedInstant

Broker's notes on these methods

  1. Used only for paying fees and subscriptions; withdrawals are not supported via card. · applies to 4 methods
Fees, limits and processing times as published by Topstep, recorded by Wikilix.
Trading software

Trading Platforms

2 trading platforms on record: NinjaTrader and TradingView.

2 platforms
  • NinjaTrader logo

    NinjaTrader

    by NinjaTrader Group, LLCsince 2003Developer site

    NinjaTrader is a professional trading platform for futures, forex, and stocks, offering advanced charting, market analysis, and automated trading strategies.

    Runs on

    • Web
    Details
  • TradingView logo

    TradingView

    by TradingView Inc.since 2011Developer site

    TradingView is a web-based charting and trading platform offering advanced analytics, social trading, and integration with multiple brokers for seamless trading.

    Runs on

    • Web Trader
    Details
Platforms and download links as published by the broker, recorded by Wikilix.
Social channels

Social Presence

5 official channels on record.

5 channels
Channels as published by the broker, recorded by Wikilix.
Frequently Asked Questions

Frequently Asked Questions

Common questions about Topstep

Most Popular Questions
Topstep provides customer support via live chat during business hours and a phone number for international callers. Support is offered in English, and the broker maintains active social media channels for additional contact.
Topstep requires a minimum deposit of 165 USD. Withdrawals via bank transfers such as ACH, Wire/SWIFT, and Wise incur a fixed fee of 20 USD, with processing times ranging from 1 to 10 business days depending on the method.
TopstepX™ : Topstep’s own trading platform (with TradingView‑powered charts and built‑in tools) is now the primary supported platform for new funded accounts; previous support for platforms like NinjaTrader, Tradovate, Quantower, etc., is being phased out with emphasis on TopstepX.
Topstep LLC is not regulated by any financial authority. Users should consider this lack of regulation when evaluating the safety and compliance of the broker.
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