TopStep
Core Metrics
Executive Summary
TopStep is a Chicago-based prop firm offering 90% profit split after two-step evaluation.
TopStep Overview
TopStep is one of the oldest prop firms, founded in 2012 in Chicago. They are BBB accredited and have paid millions to funded traders.
Frequently Asked Questions
Is TopStep a legitimate prop firm?
TopStep is a proprietary trading firm that provides funded accounts to traders who pass their evaluation challenge. PropMason tracks rule changes and community feedback to help traders make informed decisions. Always conduct your own due diligence before funding an account.
What is TopStep's profit split?
TopStep offers up to 90% profit split to funded traders. This means you keep 90% of all profits generated in your funded account. Check their current pricing page for the latest split terms, as firms occasionally update these figures.
How does TopStep's drawdown rule work?
TopStep uses a trailing drawdown — meaning the maximum loss limit follows your equity peak and tightens as your account grows. Your account will be closed if losses exceed 3% of the applicable balance. Understanding your drawdown type is critical — trailing drawdown is generally stricter than static drawdown.
How much does TopStep's evaluation cost?
TopStep's evaluation challenge starts from $95. Note that the evaluation fee is typically non-refundable. Prices vary by account size — larger funded accounts require higher evaluation fees.
When can I withdraw profits from TopStep?
At TopStep, first payout is available after 5 days, and payouts are processed on-demand. Always verify the latest payout terms directly with the firm, as conditions may change. PropMason tracks rule changes so you can see if payout terms have been modified recently.
How does PropMason track TopStep's rule changes?
PropMason automatically monitors TopStep's website and T&Cs for changes to key metrics including profit splits, drawdown limits, payout rules, and challenge pricing. When changes are detected — whether silently updated or officially announced — they are logged in our changelog so traders are never caught off-guard by unexpected rule changes.
Answers are auto-generated based on verified data. Always confirm current terms directly with TopStep.
PropMason is an independent data library analyzing structural risks in proprietary trading. We do not provide financial advice. All data is sourced from publicly available terms and conditions. Verify all information at source.