Topstep Review: Is This Prop Trading Firm Safe & Trustworthy?

This Topstep review examines the prop firm's background, evaluation accounts and trading rules based on information available on WikiFX and cross-checked against Topstep's official website. As a global broker regulatory query platform, WikiFX compiles company details, account conditions and user feedback to help traders understand what they are signing up for.

Topstep is a proprietary trading firm rather than a broker. According to WikiFX, it is based in the United States, offers futures instruments and has an operating period of 5–10 years. Its profile currently shows no numerical WikiScore, so this review focuses on disclosed company and account data.

View WikiFX's full review on Topstep here: https://www.wikifx.com/en/prop/287550626.html

Contents

01

Company Background and Headquarters

02

Accounts and Challenges Offered

03

Key Rules

04

What Topstep Provides

05

Conclusion

Company Background and Headquarters

Topstep LLC lists its headquarters at the Chicago Board of Trade Building, 141 W Jackson Blvd, Chicago, Illinois. WikiFX records an establishment date of 25 July 2020, which matches the year the company rebranded as Topstep. The official website traces its roots to Patak Trading Partners, founded in 2010, with the Topstep Trader programme launching in 2012.

The firm says it has paid out over US$1.4 billion cumulatively and serves traders in more than 140 countries, while noting that individual results vary. Its affiliate, Topstep Brokerage LLC, is an introducing broker registered with the NFA (ID 0567079). The Trading Combine itself is a simulated programme run by a separate affiliate, TopstepTrader LLC.

Accounts and Challenges Offered

Topstep's core product is the Trading Combine, a one-step simulated evaluation billed monthly until passed. The $50K account costs $49 per month, with a $3,000 profit target and $2,000 Maximum Loss Limit. The $100K account costs $99, with a $6,000 target and $3,000 limit. The $150K account costs $199, with a $9,000 target and $4,500 limit. Maximum positions are 5, 10 and 15 mini contracts respectively. WikiFX lists a fee range of 49–149, so traders should confirm current pricing on the official site.

Passing leads to an Express Funded Account, which remains simulated but pays out based on performance, with a one-time $149 activation fee. Traders may later be called up to a Live Funded Account using real capital.

Key Rules

The Maximum Loss Limit trails the account's end-of-day balance high, and a 55% Consistency Target means no single day may exceed 55% of total profit. An optional Daily Loss Limit, part of the Responsible Trading Advantage, adds larger payout caps and discounts. WikiFX shows no minimum trading days. Multiple Combines can run at once, and VPN use is prohibited. Automated strategies are allowed with conditions, although WikiFX lists EA support as “No”.

Funded traders keep 90% of profits. Payout eligibility follows either five winning days of at least $150, or three trading days with the best day within 40% of total profit. Payout caps rise with account size, though the website cites both $12,000 and $6,000 as maximums in different places.

What Topstep Provides

Traders receive TopstepX, a proprietary platform with TradingView charts and CME data, plus TopstepTV content, a Discord community of about 174,000 members, Back2Funded reactivation and a free reset at rebill. WikiFX lists Wise, ACH and wire transfers as payment methods.

Conclusion

Topstep's 2025 disclosure states that 16.8% of Combines were completed, 51.8% of participants reached the Funded Level at least once, 33.3% of funded participants received a payout and 0.71% of Express Funded traders were called up to Live.

This Topstep review outlines a Chicago-based futures prop firm with a simulated evaluation path, defined loss limits and a 90% profit split. Some details differ between WikiFX and the official site, including pricing and payout caps, so traders should verify current terms and weigh the published pass rates before joining.

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