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Topstep Review (2026): Rules, Costs, Payouts
Last checked: October 16, 2026 · Joe hasn't traded Topstep yet. Rules only, from the firm's official pages.
Monthly-subscription Trading Combine with one rule (don't hit the Maximum Loss Limit) and two objectives (profit target and a 55% consistency target). Pass and you get an Express Funded Account (XFA) with two payout paths. Topstep Trader launched in 2012 in Chicago (Topstep About page).
Key facts
| Fact (same rows for every firm) | Topstep |
|---|---|
| Billing | Monthly subscription (Trading Combine) |
| Activation fee | $149 Standard · $0 No Activation Fee |
| 50K evaluation price (regular) | $49/month Standard · $95/month No Activation Fee |
| Reset / re-buy (50K) | Reset = monthly price ($49 / $95) |
| Profit target (50K) | $3,000 |
| Max drawdown (50K) | $2,000 |
| Drawdown type (evaluation) | Maximum Loss Limit, set at end of day, monitored in real time |
| Drawdown type (funded) | Maximum Loss Limit; set to $0 after first payout |
| Daily loss limit (evaluation) | Optional (added at checkout) |
| Evaluation consistency | Best day at or below 55% of total profit, or the target rises |
| Minimum trading days (evaluation) | 2 |
| Max contracts (50K) | 5 mini / 50 micro |
| Funded consistency | Standard: none · Consistency path: 40% |
| Payout eligibility | Standard: 5 winning days of $150+ · Consistency: 3 days at 40% |
| Payout cap and minimum (50K) | Standard $2,000 · Consistency $3,000 per request; $125 minimum |
| Profit split | 90/10 |
| Max funded accounts | Check with the firm |
| News rule | Check with the firm |
| Overnight holds | Check with the firm |
| Promo shown on firm's site | No site-wide code verified; Topstep referral codes give new traders 15% off a first purchase (help center) |
| Our affiliate link | Our affiliate link: none yet |
| Firm-published pass / payout stats | About page, Jan–Dec 2025: 16.8% of Trading Combines initiated were completed; 51.8% of Combine participants advanced to the Funded Level; 33.3% of Funded Level participants received a payout; 0.71% of Express Funded participants were called up to Live (full quote) |
Plan details
| Combine size | Standard (monthly) | No Activation Fee (monthly) | Profit target | Maximum Loss Limit | Max contracts | XFA activation |
|---|---|---|---|---|---|---|
| $50K | $49 [VERIFIED] | $95 [VERIFIED] | $3,000 | $2,000 | 5 mini / 50 micro | $149 Standard · $0 NAF |
| $100K | $99 [VERIFIED] | $149 [VERIFIED] | $6,000 | $3,000 | 10 / 100 | $149 · $0 |
| $150K | $199 [VERIFIED] | $229 [VERIFIED] | $9,000 | $4,500 | 15 / 150 | $149 · $0 |
All Combine figures [VERIFIED] from Topstep's help center (Pricing and Payment Questions, Trading Combine Parameters, Maximum Loss Limit, Consistency), checked October 16, 2026. Topstep's No Activation Fee marketing page showed different monthly figures that day; confirm the price at checkout.
Express Funded Account payouts [VERIFIED]
| Size | Standard path cap (per request) | Consistency path cap (per request) |
|---|---|---|
| $50K | $2,000 | $3,000 |
| $100K | $3,000 | $4,000 |
| $150K | $5,000 | $6,000 |
Up to 50% of the account balance, up to the cap. Standard: 5 winning days of $150+ net P&L (not consecutive), plus net profit above $0 since your last payout (first payout exempt). Consistency: 3 trading days with at least 1 trade each, and your largest day at or below 40% of total net profit. Minimum payout $125; 90/10 split. Source: Topstep Payout Policy.
Topstep's published 2025 statistics
"From January through December 2025, (a) 16.8% of all Trading Combines initiated were successfully completed and afforded the opportunity to advance to the Funded Level, (b) 51.8% of individual participants who entered one or more Trading Combines advanced to the Funded Level in at least one of their Trading Combines, (c) 33.3% of all individual participants at the Funded Level received a payout, and (d) 0.71% of individual participants trading in an Express Funded Account were called up to a Live Funded Account."
Quoted from Topstep's About page (checked Oct 16, 2026). Topstep notes these reflect simulated and live trading and are not indicative of future results.
Other fees [VERIFIED]
Back2Funded reactivation (lost your XFA before your first payout, within 30 calendar days): $599 / $699 / $829 for 50K / 100K / 150K. Level 2 (DOM) market data: $38/month; Level 1 is included. Source: Topstep Pricing and Payment Questions, checked Oct 16, 2026.
Company and brokerage
Topstep's prop program is a simulated evaluation and funding program. Its separate brokerage arm, Topstep Brokerage, is an NFA member (NFA ID 0567079, per Topstep's About page).
Affiliate program
Topstep runs an approval-only affiliate program: approved creators share a code that gives new traders 20% off a first purchase, and Topstep says it is "launching a new affiliate program and rolling it out gradually" (help center; affiliate terms). FuturesPropDesk has no Topstep affiliate link.
Recent changes
- Standard and No Activation Fee Combine paths: $149 vs $0 XFA activation (Topstep help center, checked Oct 16, 2026)
- Optional Daily Loss Limit at checkout unlocks a discount on No Activation Fee Combines and, as a limited-time offer, doubled XFA payout caps (Payout Policy)
Joe's experience
"I haven't traded Topstep yet, so this page sticks to the rules on Topstep's own site. I'll add my own notes if I ever buy a Combine."
— Joe
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Sources
- Topstep About Us (history, 2025 stats, Topstep Brokerage NFA ID)
- Topstep Pricing and Payment Questions (help center)
- Trading Combine Parameters
- What is the Maximum Loss Limit?
- Consistency at Topstep
- Topstep Payout Policy
- Topstep Program Overview
- Affiliate Terms and Conditions
Not financial advice. Futures trading carries substantial risk of loss.