TopStep Pros & Cons

Pros

  • +Very affordable — $49/month for a $50K evaluation
  • +Founded in 2012 — one of the longest-running prop firms
  • +No minimum trading days required
  • +XP system rewards consistent traders with better splits and limits

Cons

  • -Only 3 account sizes available ($50K, $100K, $150K)
  • -Monthly subscription model means ongoing cost if you don't pass quickly
  • -Tighter drawdown than some competitors (4% max)

Frequently Asked Questions about TopStep

What are the TopStep drawdown rules?
TopStep uses a trailing drawdown that starts at the account's maximum drawdown level (e.g., $2,000 on a $50K account). The trailing stop moves up as your account grows but never moves down. Once you reach a profit buffer, the drawdown locks at break-even.
How much does TopStep cost?
TopStep is one of the most affordable prop firms. The $50K account costs $49/month, the $100K is $99/month, and the $150K is $149/month. These are subscription-based — you pay monthly until you pass or cancel.
What is TopStep's profit split?
TopStep offers a 90% profit split by default. Through their XP (experience points) system, traders can unlock up to 100% profit split and larger position sizes over time.
How long has TopStep been around?
TopStep was founded in 2012 in Chicago, IL, making it one of the oldest and most established prop trading firms in the futures space. They have over a decade of track record.
Does TopStep have a minimum trading days requirement?
No, TopStep has no minimum trading days requirement. You could theoretically pass the evaluation in a single day if you hit the profit target without violating any rules.