Is Topstep Prop Firm Any Good?

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.

Today, we 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.

Topstep is a proprietary trading firm that gives traders the opportunity to showcase their skills and access funded accounts if they prove profitable.

With over 12 years of experience specializing in futures trading, Topstep has made a significant impact in the industry. Since 2020, they’ve paid out more than $23 million to traders and funded over 19,000 accounts in February 2024 alone.

Beyond funding, Topstep supports its traders through a free Discord community and its flagship Trading Combine program, designed to help traders refine their strategies and achieve profitability. Additionally, traders can receive payouts up to four times per month, providing more flexibility and access to earnings.

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 $750K using three of their Express Funded Accounts. You would have to pass five 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 within 5 trading days; traders need to make +$200 for each trading day to qualify for a payout.

One of Topstep’s standout features is its one-step challenges, allowing traders to get funded in as little as two days—one of the quickest paths to capital in the industry.

At Prop Firm Match, we believe there’s no single “best” prop firm for everyone. Each firm has unique advantages, and the right choice depends on your priorities as a trader.

While Topstep may not offer the highest capital allocation or the lowest fees, it stands out with its fast payouts, simplified challenge structure, and strong trader support.

If you’re looking for a firm with maximum allocation potential, you can easily compare Topstep with other prop firms using our comparison tool at PropFirmMatch.com. Filter by one-step verification, a $1M+ allocation, or other key factors to find the best fit for your trading goals.

You can also filter by:

• Profit share
• Risk Management
• Maximum Allocation
• Daily Drawdown
• Payout frequency
• And much, much more…

At Prop Firm Match, we go beyond just listing prop firms—we provide essential tools to help you make informed decisions.

• Comprehensive Database – Get access to an extensive list of prop firms, including key details about their offerings, funding programs, and requirements.

• Verified Trader Reviews – See real feedback from traders who have worked with these firms, giving you insights into their experiences before you commit to purchasing a challenge.

• Powerful Comparison Tool – Easily compare multiple prop firms side by side to find the challenge that best fits your trading style and goals.

Using our Comparison Tool, let’s break down how Topstep stacks up against other firms:

• Low Entry Price – Topstep offers one of the most affordable starting points at just $49 (though it’s a monthly fee).
• Account Sizes – With funding options between $50K and $150K, Topstep leans toward small to mid-sized accounts compared to firms offering higher allocations.
• Profit Split – Traders keep 100% of their first $10,000 in profits and 90% thereafter—a competitive payout structure.
• Profit Target – The $150K account comes with a $9,000 profit target, placing it in the industry’s mid-range.
• Risk Management – Topstep enforces tight max daily losses and total drawdowns, making it a firm that rewards disciplined trading.
• Fast Payouts – Once funded, traders can request payouts every five trading days.
• Community Reputation – With a 4.5-star Trustpilot rating, Topstep has built a strong reputation among traders.

While Topstep has a lot to offer, the right prop firm depends on your individual needs and trading style. If you prioritize larger capital allocations or different challenge structures, you can use PropFirmMatch.com to filter and compare hundreds of challenges across various firms.

At the end of the day, the choice is yours—we just make it easier to decide.

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.

There’s no definitive answer but you can compare the two with their benefits and disadvantages at PropFirmMatch.com. As of March 2025, Trustpilot gives both Topstep and Apex 4.5 stars rating. Topstep was released in 2012 and Apex was released in 2021 giving Topstep the longevity factor.

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.

There is no ‘most trusted’ trading platform as almost all of them are equally respected. 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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