Topstep Broker Review

　　

TOPSTEP 2025 Review: Everything You Need to Know

　　TopStep has established itself as a significant player in the proprietary trading landscape, particularly for futures trading. This review will explore the overall sentiment surrounding the company based on various sources, highlighting key features and user experiences. The general consensus indicates that while TopStep offers valuable opportunities for traders, it also presents some challenges, particularly regarding its evaluation process and customer service.

　　Note: It is important to consider that different entities may operate under the TopStep brand in various regions, which can influence user experiences and regulatory oversight. This review draws from a variety of sources to ensure fairness and accuracy in the presented information.

　　

Ratings Overview

Category	Rating (out of 10)
Account Conditions	7
Tools and Resources	8
Customer Service & Support	6
Trading Setup	7
Trustworthiness	5
User Experience	6
Educational Resources	8

　　We rate brokers based on comprehensive research and user feedback across multiple platforms.

　　

Broker Overview

　　Founded in 2012, TopStep is a proprietary trading firm based in Chicago, Illinois, that specializes in futures trading. The firm provides a unique opportunity for traders to access capital through a structured evaluation process known as the Trading Combine. This program allows traders to demonstrate their skills in a simulated environment before being funded with real capital. TopStep primarily supports trading in futures markets, with platforms like NinjaTrader and Quantower available for traders to utilize.

　　

Detailed Analysis

　　Regulatory Landscape

　　TopStep operates as a proprietary trading firm, meaning it does not hold a traditional brokerage license. This lack of regulation has raised concerns among some traders, particularly regarding the safety of their funds. According to multiple sources, TopStep is not listed with the National Futures Association (NFA), which could be a red flag for potential users. However, the firm has been operational for over a decade, which lends some credibility to its business practices.

　　Deposit/Withdrawal Methods

　　TopStep offers a range of deposit methods, including credit/debit cards and various e-wallets. The minimum deposit to start trading with TopStep is approximately $165, which corresponds to the lowest account tier. Withdrawal methods include ACH transfers and wire transfers, with processing times varying based on the method chosen. Notably, a withdrawal fee of $50 applies for amounts under $500, which can be a drawback for smaller traders.

　　Bonuses/Promotions

　　TopStep frequently runs promotional offers, including a 20% bonus on initial deposits and refunds on the last months fee upon becoming a funded trader. However, some users have expressed confusion regarding these promotions, suggesting a lack of transparency in how they are applied.

　　Tradable Asset Classes

　　Currently, TopStep focuses exclusively on futures trading. This specialization allows traders to access a variety of futures contracts across different markets, including indices, commodities, and treasury bonds. However, the absence of forex trading options may deter some potential users, especially those looking for more diverse trading opportunities.

　　Costs (Spreads, Fees, Commissions)

　　TopStep's fee structure includes monthly fees for the Trading Combine, which range from $49 to $149 depending on the account size. Transaction costs are also incurred, with commissions varying by platform and often ranging from $1.00 to $4.80 per round trip, which is competitive within the industry.

　　Leverage

　　TopStep offers leverage of up to 1:100, which is relatively standard for proprietary trading firms. This level of leverage allows traders to control larger positions with a smaller amount of capital, although it also increases the risk associated with trading.

　　Allowed Trading Platforms

　　Traders at TopStep can choose from several platforms, including the proprietary TSTrader, NinjaTrader, and Quantower. While TSTrader is free to use during the evaluation and funded phases, others may require a subscription fee once traders move to live accounts. This variety allows traders to select a platform that best suits their trading style and preferences.

　　Restricted Regions

　　TopStep accepts traders from numerous countries, although some regions are restricted due to regulatory concerns. Countries such as Afghanistan, Crimea, and North Korea are not eligible for participation, which is a common practice among trading firms.

　　Available Customer Support Languages

　　TopStep primarily offers customer support in English. This may limit accessibility for non-English speaking traders, although the firm does provide a range of support options, including email and live chat.

　　

Final Ratings Overview

Category	Rating (out of 10)
Account Conditions	7
Tools and Resources	8
Customer Service & Support	6
Trading Setup	7
Trustworthiness	5
User Experience	6
Educational Resources	8

　　

Detailed Breakdown

• 　　Account Conditions: TopStep offers three account sizes, with a clear structure for profit targets and loss limits. However, the monthly fees can accumulate if traders do not pass the evaluation quickly.

• 　　Tools and Resources: The educational resources available through TopStep are extensive, including live coaching and a wealth of online materials.

• 　　Customer Service & Support: While generally responsive, some users have reported delays and issues with account management, particularly regarding withdrawals.

• 　　Trading Setup: The trading experience is generally positive, though the strict rules and loss limits can be challenging for some traders.

• 　　Trustworthiness: The lack of regulation raises concerns, but the firms long-standing presence in the industry offers some reassurance.

• 　　User Experience: Overall user experiences vary, with many positive reviews highlighting the educational resources, but some negative feedback regarding customer support and withdrawal processes.

• 　　Educational Resources: TopStep provides a robust suite of educational materials, which are beneficial for traders looking to improve their skills and strategies.

　　In conclusion, TopStep presents a compelling opportunity for futures traders, particularly those looking to trade without risking personal capital. However, potential users should be aware of the associated challenges, particularly regarding customer service and the lack of regulatory oversight.