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Topstep prop firm is an industry leader in the prop firm space, but what’s so special about it?
What makes hundreds of professional traders flock to Topstep like it’s the last trading opportunity they’ve got?
Maybe it’s the features they offer, the community they’ve built, or their overall positive reputation in the space which so many other prop firms fail to build.
So today, our team at Prop Firm Match will explain to you the key factors that have caused the rise of Topstep as a prop firm, and how it’s maintained its spot as an industry leader.
What Is Topstep Prop Firm
Topstep falls under the category of a proprietary trading firm. They give traders the chance to prove themselves as profitable and allocate capital to them if they succeed.
They specialize in futures trading and have given traders the chance to trade futures for over 12 years. Just since 2020, they’ve paid out over $23,000,000 and funded over 19,000 accounts in February of 2024 alone.
They also offer a free discord community for their members, their flagship Trading Combine program to help their trades become profitable, and allow traders to pay out up to 4 times a month.
The Specifics Of Topstep Prop Firm
Topstep offers 3 account sizes with differing buying powers. They offer $50K, $100K, and $150K buying power accounts which all come with a monthly fee. They also charge a one-time $149 Activation Fee upon passing the challenge, regardless of the account size chosen.
Topstep provides a maximum capital allocation of up to $450K using three of their Express Funded Accounts. You would have to pass three separate challenges to achieve this, but it is doable if you’re a skilled trader.
They prioritize the payouts for their traders by processing them daily and having 5 days of +$200 to qualify for a payout.
Possibly the best part about Topstep is their one-step challenges. You can get funded in as little as 2 days with their single-step challenges and start getting paid extremely quickly.
Is Topstep The Best For You?
Like we always say at Prop Firm Match, there’s no way to say one prop firm is 100% better than another, unless, of course, it’s doing something it probably shouldn’t be. But in general, prop firms have many unique traits that make them great for some, but not so much for others.
When using our comparison tool, you can see that Topstep is a strong contender when it comes to many statistics. Although they don’t offer the highest allocation or the most appealing fees, they have a wide variety of above-average offerings.
But if you’re someone who prioritizes maximum allocation, you can simply go to PropFirmMatch.com and easily filter through hundreds of challenges from many prop firms including Topstep.
For example, if you only want challenges with one-step verifications or $1,000,000 in maximum allocation, you can simply filter by those requirements in our comparison tool, and you’ll only be shown challenges meeting those requirements.
You can also filter by:
- Profit share
- Risk Management
- Maximum Allocation
- Daily Drawdown
- Payout frequency
- And much, much more…
Key Features of PropFirmMatch.com
On a side note, Prop Firm Match also offers some other key features you can use when it comes to choosing a prop firm.
You’re given access to a comprehensive database of prop firms so you can effortlessly see which prop firms are on the market, and any relevant information about them.
We also provide you with real verified trader reviews of prop firms so you can see how it would be dealing with a prop firm before you commit to purchasing a challenge from them.
And of course, our comparison tool lets you easily compare challenges across multiple different prop firms so you can pick and choose which challenge suits your needs the best.
How Topstep Prop Firm Compares
Let’s go a little bit deeper and see how Topstep compares to other firms using our Comparison tool.
Topstep has one of the lowest entry prices of just $49, but keep in mind that it is a monthly fee. They offer small-mid sized accounts from $50-$150K putting them on the lower end when compared. Their profit split is the market standard of 90% while their profit target of $9000 on their $150K account puts them right in the middle of the pack.
On all of their accounts, they have some of the tightest max daily losses in the space as well as total drawdowns. But to compensate for this, they have daily payouts available after being funded.
To top it off, they have a great reputation with the community as well as a 4.6 star trustpilot rating.
Overall they’re a great firm to trade with, but of course, the final decision comes down to you and your needs.
Topstep Prop Firm FAQs
Which is the most trusted prop firm?
Our reviews tool at Prop Firm Match puts the prop firm ‘The 5%’ers’ as the highest rated prop firm with ‘Funding Pips’ and ‘FTMO’ coming in at a close second and third with 4.8, 4.7, and 4.7 stars respectively.
Is Topstep better than Apex Trading?
There’s no definitive answer but you can compare the two with their benefits and disadvantages at PropFirmMatch.com. As of March 2024, Trustpilot gives Topstep 4.6 stars while Apex has 4.8. Topstep was released in 2012 and Apex was released in 2021 giving Topstep the longevity factor.
How do I choose a prop trading firm?
Simply head over to PropFirmMatch.com, make your selections on the things you’d like to see a prop firm provide you with and choose the one that fills your needs the best. It’s important to consider a wide variety of factors. You can easily view them all on our website.
Which is the most trusted trading platform?
There is no ‘most trusted’ trading platform as almost all of them are equally respected and follow all the regulations put in place by governments. Some have specific benefits over others such as more features, faster executions, etc… In the end, it’s really up to you to do your own due diligence.
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