Topstep Funded Account Types & Fees

Topstep Funded Account Types and Fees

Topstep provides aspiring futures traders with a unique opportunity to gain funding and join a community dedicated to developing stronger skills and healthier trading habits. The platform offers traders several different account types, fees, and conditions that can help tailor their trading experience. Below is a detailed overview of the account types, the available features, and the associated fees.

What Account Types Does Topstep Offer?

Topstep offers several account sizes under its Trading Combine® program, each designed to help traders progress towards becoming a Topstep Funded Trader™. The Trading Combine is a challenge where traders are evaluated based on their trading discipline, risk management, and skills. Once a trader successfully completes the Trading Combine, they are eligible for an Express Funded Account, which can be obtained in as little as two days.

• Account Sizes: Traders can choose from multiple account sizes to match their goals, with different profit targets, maximum position sizes, and leverage limits.
• Pricing: The monthly fee varies depending on the account size, and there is a one-time activation fee after passing the Trading Combine.

Available Account Options, Minimum Deposits, and Leverage

Topstep provides a selection of Trading Combine accounts that come with varying levels of buying power and other trading parameters. The account sizes range from $50,000 to $150,000 in buying power, each with specific profit targets and position size limits. The following table outlines the key differences between the available accounts:

• Leverage: All account sizes offer a leverage ratio of 20:1, which means traders can control larger positions with a smaller amount of capital.
• Maximum Loss Limit: Each account has a set loss limit designed to help traders manage risk. For instance, the $50,000 account has a max loss limit of $2,000, while the $150,000 account has a max loss limit of $4,500.

What Is the Minimum Spread and Commission on Topstep?

Topstep's commission structure is designed to be transparent, with traders paying only the costs associated with their trading activity. The platform offers commission-free trading on its proprietary platform, TopstepX™, making it easier for traders to focus on their strategies without worrying about additional transaction fees.

• Commission-Free Trading: TopstepX™ provides commission-free trading, making it a cost-effective choice for traders.
• Spread: The platform typically charges competitive spreads, but the exact spreads will depend on the specific markets being traded.

FAQs About Topstep Account Types & Fees

Q: What is the cost of opening a Topstep Funded account?A: The cost of joining Topsteps Trading Combine® is a monthly fee, starting from $49 for the $50,000 account. Once you pass the Trading Combine and are granted an Express Funded Account, there is a one-time activation fee of $149.

Q: How long does it take to get a funded account?A: Traders can unlock a funded account in as little as two days after passing the Trading Combine® challenge.

Q: Can I have multiple accounts with Topstep?A: Yes, traders can earn funding for up to five different Express Funded Accounts and take payouts from each one.