About Topstep
Topstep is a proprietary trading firm headquartered in Chicago, Illinois, founded in 2012 by Michael Patak. As a pioneer in the futures prop firm space, Topstep offers a structured evaluation program called the Trading Combine where traders prove their strategy in a simulated environment before…
Topstep is a proprietary trading firm based in Chicago, United States, founded in 2012. The firm offers funded trading evaluations with a maximum allocation of $150,000.
Payout Overview
Refundable FeeNo
Payout FrequencyEvery 1 day
Min Payout$125
Activation Fee$149
Payment Methods
Payout Methods
Commissions
Firm Rules
Day trading only, all positions must be closed by 3:10 PM CT daily
No swing trading or overnight holds
No trading within 2% of price limits
No account stacking
No cross-account hedging
No HFT, spoofing, or market manipulation
No trading outside best bid/offer
Purposefully trading maximum position size into major news events is prohibited
Scaling Plan limits position size based on account balance in Express Funded Account
Live Funded Account requires protective stop orders on every position
$30 processing fee on ACH/Wire payouts
Consistency Rules
Trading Combine: Best day must be below 50% of total profits (profit target)
Express Funded Account Consistency path: Largest single trading day must not exceed 40% of total net profit during the payout window.
Restricted Countries
Afghanistan
Angola
Burkina Faso
Burundi
Belarus
Congo (DRC)
Ivory Coast
Cuba
Algeria
Haiti
Iraq
Iran
Kenya
North Korea
Lebanon
Libya
Morocco
Mali
Myanmar
Nigeria
Nicaragua
Pakistan
Russia
Sudan
Somalia
South Sudan
Syria
Turkey
Ukraine
Venezuela
Kosovo
YemenHow we verify this data: Information is collected primarily from the prop firm's official digital properties, including pricing pages, challenge specifications, FAQ content, checkout flows, policy documentation, and related support materials. Where appropriate, details are further validated against official social media channels and direct support communications. PF Matrix applies a structured verification process to improve data accuracy and consistency; however, firms may revise pricing, rules, promotions, or operational terms without prior notice. If you identify outdated or inaccurate information, please report it for validation and correction.