Topstep Account Type

Topstep offers several types of accounts for traders, each designed to cater to different trading needs and goals. The main account types are:

1. Trading Combine Account: This is a simulated trading account where traders demonstrate their skills before being eligible for a funded account. There are three account sizes available:

• $50,000 Account:
• Monthly Fee: $165
• Profit Target: $3,000
• Daily Loss Limit: $1,000
• Trailing Maximum Drawdown: $2,000
• Maximum Position Size: 5 contracts
• $100,000 Account:
• Monthly Fee: $325
• Profit Target: $6,000
• Daily Loss Limit: $2,000
• Trailing Maximum Drawdown: $3,000
• Maximum Position Size: 10 contracts
• $150,000 Account:
• Monthly Fee: $375
• Profit Target: $9,000
• Daily Loss Limit: $3,000
• Trailing Maximum Drawdown: $4,500
• Maximum Position Size: 15 contracts

2. Funded Account: This is a live trading account that allows traders to use Topstep's capital to trade. The starting balance is $0, and traders can withdraw profits after achieving five winning trading days.

3. Pro Account: This is a simulated account where traders can earn simulated profits that lead to a premium funded account. The pro account helps traders transition to live trading more smoothly.

4. Premium Funded Account: This account provides a starting balance equal to the simulated profits achieved in the pro account. It allows traders to trade with real money after meeting the pro account targets.

Topstep Broker Account Opening Process

To open an account with Topstep, follow these steps:

1. Register for the Trading Combine: Visit the Topstep website and select the Trading Combine that fits your goals. Pay the required monthly fee for the chosen account size.

2. Complete the Evaluation: Participate in the two-step evaluation process. In Step 1, achieve the profit target while adhering to the rules. In Step 2, maintain a consistency target and meet the profit target again.

3. Receive Confirmation: After successfully completing both steps, you will receive an email confirmation regarding your account status.

4. Complete the Funded Account Agreement: Fill out the necessary documentation and submit your payment to activate your funded account.

5. Start Trading: Once your account is set up, you can begin trading with Topstep's capital.