Home » Funded Trader Programs » Topstep Discount and Review

Topstep Discount and Review

Discount Alert! Topstep Discount

20% off ALL Evaluations! Click here to visit Topstep the discount will be automatically applied.

  • Ongoing exclusive promo for Canadian Futures Trader visitors!
  • Only for new Topstep sign ups

Topstep seldom runs promos, whenever they run a deal I will update here and on my Deals and Promos page!


Topstep was the very first company I did an evaluation (they call them combines) with back in February 2020. Below are the pros and cons of Topstep.
topstep

Summary

I definitely recommend Topstep, I would say they are the most professional of the evaluation companies. They celebrated their 10th birthday in August 2022, so they’ve been around awhile in the prop firm world. They are the priciest though, so the trade off for the great perks is you’ll pay a bit more. Luckily if you use this link you’ll get 20% off your first combine if you are new to Topstep.

Read more below. As well the information below is based on their Futures Trading programs, I’m not as familiar with their Forex side since well, I don’t trade Forex.

Evaluations Available and Pricing

You can always visit their site to see the latest or if there are any deals. As well you automatically get 20% off by visiting them clicking the link on my site: Topstep 20% off

Account SizePrice/monthContractsGoalDrawdown
$50,000 (futures)$1655$3,000$2,000
$100,000 (futures)$32510$6,000$3,000
$150,000 (futures)$37515$9,000$4,500

Software Available

When you sign up with Topstep you will chose which of the trading software packages you want to use. Choose carefully because this is what you are committing to using going forward and when funded also. I personally chose the TSTrader platform, which is really run by Tradovate the brokerage. It’s easy to use, can run in your browser or downloading the program. They even have mobile versions.

Software Choices:

Evaluation Rules

Below are the general rules. Be sure to read the specific rules on their site.

  • Step 1: 5 day minimum, reach the profit goal. No scaling.
  • Step 2: No minimum number of days, but no 1 day can be more than 40% of your total profit (so minimum 3 days)
  • Both steps – trade within the allowable hours, trade allowable products
  • Don’t trade during major economic events
  • Don’t break the daily and weekly loss limits
  • Don’t break the trailing drawdown

Obviously if you are new to trading a lot of this might seem confusing. I recommend reading extensively over their Faqs and knowing what you are getting yourself into.

Trailing Draw Down – just a quick point, the draw down is calculated at the End of the Day, not during/after each individual trade. This is a benefit to you. Have as many swings up and down as you want within the day, your drawdown will be updated at end of day.

Funded Account Rules & Specs

Topstep gives you the option to do a Pro Account option first once passing their evaluations. The Pro account is still on a simulator (not live trades), BUT when you reach a $5,000 goal you are rolled into a fully funded account, including your $5,000. As well you have the option to skip the pro account and go right to funded if you like.

There’s other pros and cons to going with Pro Account vs. Funded Account, I recommend you read over their Faqs and determine what is right for you. Overall though I would say most people go with the Pro account, make the first $5,000, roll it over into a Funded Account.

In either case, you will be back to a scaling plan much like Step 2. In fact, basically the Pro Account is like Step 2 of your combine as far as the rules are concerned.

Funded Account Fees

Once you are funded, there are often fees to cover data and/or 1 time set up fees. Topstep you have to pay $105 per market ($125 if you use TSTrader). This is a monthly CME Data Subscription Fee.

Funded Account Withdraw Frequency & Methods

Topstep has updated their payout frequency to benefit traders! They now process withdrawals daily, and if you put in your request before 10am it will be sent that day. ACH transfers may take a few days to hit your bank account, but the payments are going out daily now.

Withdraws are done by paper check, ACH or bank wire. There are no fees for checks and ACH, wires are $50 fee if the withdrawal is under $500.

As well in order to do a withdrawal, you need to have 5 profitable days since your last withdrawal.

Pros of Topstep

  • Ease of use – dashboard to track your progress, extensive faqs
  • Interactive community of Topstep on Facebook & founder often on there also
  • Great customer support
  • Selection of software – personally am a big fan of TSTrader aka Tradovate
  • Lots of content for traders – YouTube live streams daily, podcast
  • Trailing drawdown calculated at the End of the day (not during/after each trade)
  • New! Topstep now offers a 90/10 profit split

Cons of Topstep

  • 2 Step Evaluation – double the work
  • Data fees for every market you want to trade $105 per market per month when funded
  • If you hit your daily loss limit you bust your account (other programs just lock you out for the day)
  • Step 2 Scaling – most other programs allow you the full clip of contracts and 1 step only
  • Price – is the most expensive
topstep trader

Unique Standout Features

  • Podcast
  • YouTube Livestreams
  • Founder interactive on FaceBook group
  • Quality product
  • Great customer support
  • Great for new traders – easier transition into trading

Be Notified Of New Trader Evaluation Promotions

Submit your email if you want to be notified of new trader evaluation promotions. I never spam nor sell anything. Usually 2-3 emails a month are sent with the latest deals.


Risk Disclosure:

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure: 

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

You can read more here: Risk Disclosure

Affiliate Disclosure:

The external links on my site and in my video descriptions to trader evaluation companies and software companies are primarily affiliate links. I earn a commission from these companies on any sale made from people visiting these links. That said, I only recommend companies and software I personally use and actually do recommend. Believe me, I turn down a lot of companies who approach me. You can read my full Affiliate Disclosure here.

Additional Disclosure:

The content provided is for informational purposes only. I do my best to keep the content current and accurate by updating it frequently. Sometimes the actual data, rules, requirements and other can differ from what’s stated on our website. CanadianFuturesTrader.ca is an independent website. You should always consult the rules, faqs, knowledge base and support of any of the websites and companies we link to or talk about on our site. The information on their site will always be what ultimately dictates the current rules of their program, software or other. While we are independent, we may be compensated for advertisements, sponsored products, or when you click on a link on our website. The contributors and authors are not registered or certified financial advisors. You should consult a financial professional before making any financial decisions.