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Topstep Review
A pioneering US futures prop firm with a single-step Trading Combine evaluation and a strong compliance reputation.
Best for
- US futures prop traders
- Traders wanting a proven firm
- Structured evaluation seekers
Not best for
- You want forex/CFD prop trading
- You dislike monthly subscription evaluations
Our verdict & scoring
Topstep is one of the oldest and most reputable US futures prop firms, using a monthly Trading Combine evaluation before offering a funded account. It's known for clear rules, solid education and a long operating history through multiple market cycles — a meaningful safety signal in the prop space.
Scores are based on our review methodology. Affiliate relationships do not buy higher ratings.
Who should actually use Topstep
Topstep is aimed at futures traders who want a proven, structured route to a funded account. Its single-step Trading Combine, clear rules and strong education suit traders in the US, UK and EU who value a firm with a long operating history through multiple market cycles. It's not for forex/CFD prop traders (it's futures-only) or for anyone who dislikes paying a monthly subscription during evaluation.
What we'd change
The evaluation is a recurring monthly subscription that keeps costing until you pass, which can add up for slower-to-qualify traders. The offering is also futures-only, and there are consistency and scaling rules to learn before you can rely on payouts.
How it compares to FTMO
Topstep and FTMO fund different markets: Topstep is futures-focused with a strong US track record, while FTMO funds forex, indices, commodities, stocks and crypto. Pick by what you trade — futures point to Topstep, forex/CFD to FTMO. Neither is a regulated broker; both are contractual funded-account programs with no SIPC or FSCS protection.
Pros
- Long, stable track record
- Clear rules and strong education
- Well-suited to US futures traders
Cons
- Monthly subscription during evaluation
- Futures only
- Consistency/scaling rules to learn
Fees & hidden costs explained
Monthly Trading Combine subscription until you pass; no separate profit-split reduction beyond the published split.
Safety, regulation & availability
Prop firms are not regulated like brokers. Topstep provides simulated evaluation and funded accounts under contract; trading is on supported futures platforms.
Account protection: No SIPC/FSCS coverage — this is a contractual funded-account arrangement.
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Frequently asked questions
Is Topstep legit?
Topstep is one of the longest-running US futures prop firms with a strong compliance reputation, which is a positive safety signal. Always review current rules before joining.
Is Topstep regulated and is my money protected?
No — prop firms are not regulated like brokers, and there is no SIPC or FSCS coverage. Topstep is a contractual funded-account arrangement built on simulated evaluation and funded accounts.
What does Topstep cost?
You pay a monthly Trading Combine subscription until you pass the evaluation; platform data fees may apply where relevant. The published profit split is not reduced beyond what's stated.
What can I trade with Topstep?
Topstep supports futures and micro futures.
Which countries can use Topstep?
Topstep is available to traders in the US, UK and EU.
Does Topstep let me practise first?
Yes — the evaluation and funded accounts are simulated, and paper trading is available to practise the rules before committing.
Official sources
Risk warning: Trading stocks, options, futures, forex, crypto, CFDs and funded accounts involves risk. You can lose money. This website is educational only and does not provide financial, investment, tax or legal advice.
Funded trading programs have rules, fees, drawdown limits, payout conditions and restrictions. Read the provider's terms before buying a challenge or plan.
Affiliate disclosure: We may earn a commission when you click some links on our site. This does not cost you extra. Our comparisons are educational and transparent, and our rankings are not affected by commissions.