By: Jeremy Biberdorf
March 16, 2024
Home » Product Reviews » TopStep Prop Firm Review 2024
Table of Contents
What is TopStep?
TopStep, founded in 2012 by Michael Patak, began as TopStepTrader and has since evolved into a prominent prop trading firm, particularly known for its futures trading program. With a mission to provide aspiring traders access to significant capital, TopStep has created a comprehensive platform that supports traders’ growth and success in the competitive futures market.
Learn More About TopStep Prop Firm
Company Overview
Operating from its base in Chicago, near the vibrant West Loop Gate neighborhood, TopStep has garnered global recognition, welcoming traders from over 143 countries. Its innovative Trading Combine® program offers a simulated trading environment where traders can showcase their skills without risking personal capital, with the ultimate reward being access to a Funded Account®.
TopStep Prop Firm
As a prop firm, TopStep stands out for its commitment to nurturing trading talent through the Trading Combine®, a step-by-step evaluation process designed to prepare traders for the challenges of the futures market. Successful traders who meet the Combine’s criteria are awarded funded accounts, where they can trade real money and earn profits.
How Does the Trading Combine® Work?
The Trading Combine® is a structured program where traders adhere to specific rules and objectives, simulating the discipline required in live markets. Traders are evaluated based on their ability to hit profit targets while managing risks effectively, with a keen focus on adhering to daily loss limits and overall drawdown restrictions.
Who is TopStep Best For?
- New Traders: Individuals new to day trading, particularly futures, who seek a risk-free environment to hone their skills.
- Experienced Futures Traders: Seasoned traders looking for access to more significant capital without the risk of personal funds.
- Global Trading Community: Traders worldwide aiming to join a diverse and supportive trading community.
Features of TopStep as a Prop Firm
- Varied Account Sizes: Offers multiple Trading Combine® account sizes to suit different trading strategies and goals.
- Profit Split: Provides a competitive profit split, allowing traders to retain up to 90% of their earnings.
- Global Accessibility: Welcomes traders from around the globe, offering a chance to trade futures in a supportive and regulated environment.
- Educational Resources: Boasts a wealth of educational content, including webinars, articles, and live trading classes, to support traders at every level.
Drawbacks of TopStep
- Learning Curve: The Trading Combine requires a commitment to learning and adhering to strict trading rules, which might be challenging for some.
- Subscription Fees: Although the initial fees are accessible, maintaining the subscription while progressing through the Combine can add up.
Accelerated Path to Funding
TopStep’s innovative approach to prop trading includes an accelerated path to funding through its Trading Combine®. This unique program is designed to evaluate traders’ skills and discipline in a simulated environment before granting them access to a Funded Account.
With clear objectives and a structured evaluation process, traders can advance from simulation to trading with real capital in as little as two days, making it an efficient gateway to professional trading.
Community and Support System
TopStep places a strong emphasis on community and support, recognizing the value of shared knowledge and mutual encouragement in the trading journey. The platform offers a vibrant Facebook Community and a Discord Chatroom where traders can interact, exchange ideas, and find accountability partners.
Additionally, TopStepTV and free group coaching sessions provide live insights and education, fostering a supportive environment that contributes to traders’ growth and success.
Final Thoughts
TopStep has established itself as a reputable prop firm, offering a unique pathway for traders to access substantial trading capital. Through the Trading Combine®, traders are not only evaluated but also educated, ensuring they are well-prepared for the challenges of real-world trading.
For those looking to embark on a futures trading career without the upfront capital risk, TopStep offers an enticing proposition. Click here to get started on your trading journey.
Get Started With TopStep Prop Firm
Frequently Asked Questions
TopStep’s unique Trading Combine® program, extensive educational resources, and competitive profit split make it stand out in the prop trading space.
Yes, TopStep welcomes traders from over 143 countries, offering a global platform for futures trading.
Traders can qualify for a Funded Account® in as little as two days, depending on their performance in the Trading Combine®.
Participants in the Trading Combine® pay a monthly subscription fee starting from $49, with the opportunity to receive discounts.
There’s no cap on earnings; however, TopStep implements a profit split, where traders keep up to 90% of their profits.
TopStep supports a variety of popular trading platforms, including NinjaTrader, TradingView, and TSTrader, among others, catering to different trading preferences and strategies.
Currently, TopStep focuses on futures trading and does not offer cryptocurrency trading within its funded accounts.
Violating key rules, such as the maximum drawdown limit, can result in disqualification from the Trading Combine®, but traders have the option to reset their account and try again, subject to a reset fee.
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