Topstep

Topstep is a US futures prop firm run by Topstep LLC, a Delaware limited liability company. It sells the Trading Combine: a paid evaluation, traded on a simulated account and billed monthly from $49. Pass it and you trade a simulated Express Funded Account (XFA). Every Combine has an end-of-day trailing loss limit, and all positions must be closed by 3:10 p.m. Central Time (CT), so you cannot hold overnight or over the weekend.

Plans at a glance

• Trading Combine, Standard Path: 50K, 100K and 150K accounts for $49, $99 and $199 a month, plus a $149 activation fee for each XFA.
• Trading Combine, No Activation Fee Path: $95, $149 and $229 a month, or $85, $129 and $199 if you add a daily loss limit at purchase.
• Express Funded Account: the simulated account after passing. You pick the Standard or Consistency payout path when you activate it.
• Live Funded Account: reached only when Topstep’s Risk Team calls you up.

Key rules

• Drawdown: the maximum loss limit trails your end-of-day balance high ($2,000 on 50K), stops at the starting balance and is enforced in real time. See trailing drawdown.
• Daily loss limit: optional in the Combine and XFA ($1,000 on 50K, fixed once added), required in the Live Funded Account. Hitting it pauses trading for the session. See daily loss limit prop firm.
• Consistency: your best Combine day may be at most 55% of total profit, per the Consistency article; the parameters page still says 50%. See prop firm consistency rule.
• Weekend holding: not allowed. See prop firm weekend holding.
• News trading: restricted; no new equity index mini positions in the 10-minute CPI window. See prop firm news trading rules.
• Activation fee: $149 per XFA on the Standard Path; none on the other path. See prop firm activation fee.
• Minimum days: 2 in the Combine.

Full tables: Topstep rules.

Payouts

Traders who joined on or after January 12, 2026 split profits 90/10. The XFA Standard path pays after every 5 winning days of $150 or more; the Consistency path after 3 trading days with no day above 40% of net profit. The minimum request is $125. Topstep pays under its own terms and can change or pause payouts. Details: Topstep payout rules.

Platforms, status and US clients

• Platform: TopstepX only. Quantower can connect with TopstepX logins for the Combine and XFA.
• Status: active on September 26, 2026.
• US clients: accepted. The eligibility article does not list the United States as ineligible, and US-only payout methods are offered.
• Registration: affiliate Topstep Brokerage LLC (NFA ID 0567079) is listed on NFA BASIC as a CFTC-registered introducing broker and approved NFA member. The registration is held by that affiliate, not by Topstep LLC.

Recent rule changes

• February 11, 2026 (announced): a Consistency payout path was added to the XFA next to Standard.
• January 12, 2026: new traders split 90/10 from the first dollar, instead of keeping 100% of the first $10,000.
• Date not published: the Combine consistency target became a 55% hard limit, replacing 50% plus a buffer.

All dated entries: prop firm rule changes.

Where it appears

• Futures prop firms
• Cheapest futures prop firms
• Prop firms with end of day drawdown
• Prop firms with no daily loss limit, as the limit is optional
• Futures prop firms by platform

A Topstep evaluation is a paid service with simulated trading. Most people who buy one do not pass, and firms change their rules and close. Not investment advice.