Topstep
Long-established (~15 years) futures-only firm: a subscription Trading Combine leads to a still-simulated Express Funded account and, by call-up, a real-capital Live Funded account. Single trailing-max-loss rule, 90% split.
Published terms, verified from the firm’s official site as of 2026-07-25.
Live trader data
| Traders | Member-typical eval success | Cost to funded (all-in) | Paid share of settled outcomes | Typical member wait | Rating |
|---|---|---|---|---|---|
| 5 | — | — | — | — | — |
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Key terms
- Asset class
- Futures only (CME/COMEX/NYMEX/CBOT)
- Fee model
- Monthly subscription
- Drawdown
- End-of-day trailing max-loss
- Profit split
- 90%
- Profit target (50K)
- $3,000
- Activation fee
- $149 on Standard · $0 on No Activation Fee
- Min trading days
- No minimum (≈2)
- Consistency
- Best day < 50% of profit target
Programs
- Trading Combine: paid evaluation
- Express Funded Account: simulated, with real payouts
- Live Funded Account: real capital (by call-up)
Pricing
- Standard: 50K $49 · 100K $99 · 150K $199 /mo
- No Activation Fee: 50K $95 · 100K $149 · 150K $229 /mo
Pick the fee shape at purchase; it is fixed for that Combine, and a reset costs the same as the monthly. The optional Daily Loss Limit cuts the No Activation price $10-$30/mo but arms a daily loss rule. Verified 2026-07-25.
Estimated cost to funded
$345–$639
No firm-specific pass rate yet — using a typical eval pass rate, shown as a range.
Estimate, not a quote.
Payout
- 90 / 10 split (legacy accounts pre-2026-01-12 kept 100% of the first $10k)
- Minimum payout $125
- Express Funded: 5 winning days ($150+) or a 3-day consistency path; up to 50% of balance, capped per request
- Live Funded: uncapped, daily payouts after 30 winning days
- Fee-free rails (Aeropay / Wise)
Platforms
Rules & restrictions
- No overnight: auto-flatten ~3:10pm CT
- The funded (Express) stage is still simulated; real capital only at the Live stage
- Live call-up is at Topstep’s discretion
Pros
- Subscription with no separate pass fee beyond the monthly + a single $149 activation
- Simple one-rule risk model; the daily loss limit is optional, not a breach trigger
- Long operating track record and fee-free payout rails
- Two payout paths, and uncapped payouts once on a Live Funded account
Cons
- Two-stage gap to real money: the funded (Express) account is still simulated
- Express payouts are capped per request and at 50% of balance
- Hard intraday flatten (3:10pm CT), no overnight holding
- Profits don’t transfer from the Combine to the funded account ($0 start)
The desk’s read
Topstep is a long-established futures-only firm whose subscription Trading Combine ($49–$199/mo for 50K–150K) tests traders against a single trailing-max-loss rule plus profit and consistency targets. Passing earns a still-simulated Express Funded account (90% split, capped payouts after 3–5 qualifying days), with a discretionary call-up to a real-capital Live Funded account that has uncapped payouts. Trading is CME-group futures with a mandatory daily flatten and no overnight holding.