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United States · founded 2012

Topstep

ActiveReliable

One of the historic names in futures funded trading, with a more institutional framework than many recent competitors.

From
$49
Profit split
90%
Drawdown
Trailing
News trading
Variable
Proof level
Partially verified
Last review
Payout
Path- and account-specific after eligibility
Offers

Topstep programs and prices

1 program on file
Futures evaluationPopular

Trading Combine

Futures evaluation with a 55% Trading Combine consistency target and a transition to path-specific Express Funded Account payout rules.

  1. Pay$49+$50k – $150k account
  2. Passvariable by program
  3. Stay withinMax trailing
  4. Get paidpath- and account-cohort-specific splitConsistency rule applies
Platforms
TopstepX · NinjaTrader · Tradovate
Assets
Futures

Trading Combine uses a 55% consistency target: if the best day exceeds 55% of the profit target, the target rises. The Express Funded Account Consistency path uses 40%; the Standard path requires five $150+ winning days.

Open official offer

Reliability profile

PayoutLow riskLegalMedium to high riskReview reliabilityLowReview authenticity≈ Not assessedProof levelPartially verified

Bigger shape = safer on that axis. Hollow dot = provisional value.

What the file proves

  • Legal entityEntity mappedThe profile has a mapped legal entity or official operating structure.
  • Regulatory riskMedium to high9 source link(s) saved for the legal and operating file.
  • Payout proofTracked signalPayout risk is low with payout proof on file and no sourced payout incident.
  • Source depthDeep source stack5 audit channel(s) checked by PropRadar.
Open the legal file

Strengths on file

  • Long track record
  • Futures specialist
  • Education and framework are fairly documented
  • Legal file: medium to high risk, checked 2026-07-15, with 9 source link(s) saved.

Before you pay

  1. Open the official source links saved by PropRadar.
  2. Confirm payout calendar, minimum withdrawal and KYC timing.
  3. Check the legal entity and terms page still match this profile.
  4. Match the exact product rules with your strategy before scaling size.
Legal file
Legal riskMedium to highChecked

Medium-to-high regulatory risk. Topstep is one of the oldest US futures prop-firm brands and has a more established operating footprint than many recent competitors. The prop-firm product is still mainly a simulated/evaluation model, while Topstep Brokerage LLC is a separate affiliate disclosed as a CFTC-registered introducing broker and NFA member. Recent lawsuit and data-breach signals should be monitored before treating the profile as low risk.

3 entities · 1 country

  1. United StatesDelaware, Illinois
    1Topstep LLC

    Main Topstep operating entity disclosed in the Terms of Use as a Delaware limited liability company; operational footprint is associated with Chica…

    Regulator: CFTC / NFA (futures), SEC
  2. United States
    2TopstepFunded LLC

    Related funded-account entity referenced in public Topstep structure and community research; exact current contracting role should be checked in th…

    Regulator: CFTC / NFA (futures), SEC
  3. United States
    3Topstep Brokerage LLC

    Affiliate disclosed by Topstep as a CFTC-registered introducing broker and NFA member.

    Reg. NFA ID 0567079
    Regulator: CFTC / NFA (futures), SEC

Country markers only come from official lists: FATF increased monitoring (2026-10-30) and the EU tax lists (2026-10-09). This country is not on them. No marker does not mean a country, or a firm, is safe: a regulator link only says who supervises financial firms there, not that this firm is licensed. See where all tracked firms are registered →

4Red flags
  • Historic brand, but still a futures prop-firm model with simulated evaluation rules and payout constraints.
  • Reported lawsuit signal around rules and reserve funds needs court-source verification.
  • Reported data-breach signal needs an official breach notice or attorney-general filing before being treated as fully sourced.
  • Users must distinguish Topstep Prop, Topstep Brokerage and any FCM/brokerage partner before assuming regulatory protection.
4Regulator status
  • Topstep describes the Trading Combine as a simulated trading program and states that simulated results do not represent actual trading.
  • No direct CFTC/NFA/FCA-style license is documented in PropRadar for the prop-firm evaluation product itself.
  • Topstep Brokerage LLC is disclosed as a CFTC-registered introducing broker and NFA member, so users must distinguish the brokerage affiliate from the prop-firm product.
  • Topstep works in the futures ecosystem and may route or structure live-market activity through brokerage/FCM partners, but the exact FCM relationship should be checked before funding or transferring money.
4Complaints and disputes
  • Public complaints include rules, payout eligibility, account restrictions and live-account conditions.
  • A reported 2026 US District Court lawsuit signal involving rules, live-account conditions and allegedly trapped reserve funds should be tracked; PropRadar still needs a direct docket/source link before presenting the allegations as verified findings.
  • A reported September 2025 data-breach signal involving personal data, including names and Social Security numbers, should be treated as a serious watch point until a direct breach-notice source is attached.
  • No major official regulator warning against Topstep LLC is documented in PropRadar at this check.
9Legal sources
Reviews and payouts

What traders report

Payout riskLowPayout check
Trustpilot3.7/514,955 reviews. Open the page
  • Trustpilot rating3.7/53.7/5 public rating · 14,955 reviews
  • Review authenticityNot assessed—Not assessed: no review alert on file
  • Payout safety62payout proof on file and no sourced payout incident

Payout: No strong signalRead traders yourself:Reddit payoutsReddit reviewsX payoutsX reviews

Public signal is usable, but confirm it on official sources before buying.

Payout claimed or reported, public proof to verifyLegal structure identifiedRecent changes to check
Score breakdownTrustpilot, payout and review-manipulation scores, with the flags behind them
Trustpilot review reliability
74/100
Low
3.7/5 raw rating14,955 reviewsReview alerts not counted

Trustpilot 3.7/5 across 14,955 reviews (checked 2026-10-23). Weaker signal than CFD leaders: significant 1-star share, weak response to negative reviews and a merged Trustpilot profile.

View Trustpilot page
Raw rating3.7/5
StatusRead from the public rating
Payout risk
38/100
Low

No strong signal · payout proof on file and no sourced payout incident

IncidentsNo detailed incident in PropRadar
Last check2026-07-15
Filtered Trustpilot

No official counter of removed or sanctioned fake reviews was found on the page checked. PropRadar still keeps a qualitative alert linked to the merged profile and review dispersion.

  • Merged Trustpilot profile
  • Notable 1-star review share
  • Category flagged as high-risk investment
  • Do not read the rating as payout proof
Manipulable Reviews
—
Not assessed
BaseTrustpilot notices and hand-counted fake-review alerts only
Review alertNot counted
StatusLow
Related research

Guides that cover Topstep

Before paying

Topstep: common questions

Is Topstep a safe prop firm?

Topstep is classified by PropRadar as "Shortlist candidate" with a 84/100 score and reliable risk posture. This is not a guarantee: read the legal file, payout rules and official terms before paying.

Is Topstep legally verified?

Entity mapped. The current regulatory file is rated Medium to high, with 9 saved source link(s) and a last legal check dated 2026-07-15.

Does Topstep have payout risk?

PropRadar rates payout risk as low with payout proof on file and no sourced payout incident. Visible payout proof is classified as tracked signal.

What should I check before buying Topstep?

Historic brand, but still a futures prop-firm model with simulated evaluation rules and payout constraints. Reported lawsuit signal around rules and reserve funds needs court-source verification.

Does PropRadar have an affiliate relationship with Topstep?

Commercial status: No affiliate link. Affiliate status never protects a firm from score penalties, watchlist status or payout-risk warnings.

Sources

Proof and update history

Partially verified

Official rules rechecked July 15, 2026. The Trading Combine uses a 50% consistency target; Express Funded Account Standard and Consistency paths use different payout qualification rules. Payout eligibility, caps and split can also depend on the account cohort.

CheckedOfficial siteTrading Combine parametersExpress Funded Account parametersOfficial payout policyTrustpilot

Incidents on file

No detailed independent incident recorded. The profile stays cautious until rules, payouts and recent reviews are sourced more precisely.

Very well known in futures, with a lot of educational content.

Sources to check

Last review 2026-10-23. Prices and rules can change: recheck the official sources before any decision.

Update history

  1. Trustpilot refreshed: 3.7 TrustScore across 14,955 reviews, with Trustpilot's high-risk investment notice.

    Source trustpilot.com

  2. Trading Combine consistency target corrected to 55% (was recorded as 50%); Express Funded Account Consistency path uses 40%.

    Source help.topstep.com