Topstep-Overview of Minimum Deposit, Spreads & Leverage
Abstract：Topstep is a U.S.-based proprietary trading firm that offers futures traders a chance to trade firm capital after passing a simulated evaluation (Trading Combine). Traders can access futures products, including currency futures, commodities, stocks, and index futures. The platform has low entry costs and supports many professional-grade trading platforms, but lack of regulation.
| Topstep Review Summary | |
| Founded | 2012 |
| Registered Country/Region | United States |
| Regulation | No regulation |
| Market Instruments | CME equity futures, forex futures, agricultural futures, energy futures, metals, interest rate futures |
| Demo Account | ✅ |
| Leverage | / |
| Spread | / |
| Trading Platform | TopstepX™, NinjaTrader, Quantower, Tradovate, TradingView, T4 by CTS, R|Trader Pro (Rithmic), ATAS – Order Flow Trading Platform, MotiveWave, VolFix, Bookmap, Investor/RT by Linn Software, Jigsaw Daytradr, MultiCharts, Sierra Chart, and Trade Navigator. |
| Minimum Deposit | / |
| Customer Support | Tel: 1-888-407-1611 |
| Email: support@topstep.com | |
Topstep Information
Topstep is a U.S.-based proprietary trading firm that offers futures traders a chance to trade firm capital after passing a simulated evaluation (Trading Combine). Traders can access futures products, including CME equity futures, forex futures, agricultural futures, energy futures, metals, and interest rate futures. The platform has low entry costs and supports many professional-grade trading platforms, but lack of regulation.
Pros and Cons
| Pros | Cons |
| Various trading instruments | No regulation |
| Demo accounts | Lack of transparency |
| Supports over a dozen advanced trading platforms |
Is Topstep Legit?
Topstep is not a legitimate broker. It is registered in the United States but currently holds no valid regulatory license from the U.S. or any international financial authority. Well-known regulatory bodies such as the FCA (UK), ASIC (Australia), and NFA (USA) do not regulate Topstep.
The domain topstep.com was registered on August 18, 2000, and is set to expire on August 18, 2033. The domain is in a locked status “client transfer prohibited”, which prevents it from being transferred to another registrar, ensuring some level of administrative security.
What Can I Trade on Topstep?
Topstep offers trading in futures contracts only, not spot trading. Traders can access futures products, including CME equity futures, forex futures, agricultural futures, energy futures, metals, interest rate futures.
| Tradable Instruments | Supported |
| CME equity futures | ✔ |
| Forex futures | ✔ |
| Agricultural futures | ✔ |
| Energy futures | ✔ |
| Metals | ✔ |
| Interest rate futures | ✔ |
| Indices | ❌ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Topstep does not offer traditional live accounts like most brokers. Instead, it provides three tiers of evaluation accounts (Trading Combine®): $50K, $100K, and $150K buying power accounts. These are simulated accounts used to assess a traders performance before offering real capital. Once a trader passes the evaluation phase, they can earn access to an Express Funded Account.
| Account Type | Live Trading | Demo Trading | Best for |
| $50K Combine | ❌ | ✔ | Beginners or low-risk traders |
| $100K Combine | ❌ | ✔ | Intermediate traders |
| $150K Combine | ❌ | ✔ | Experienced traders comfortable with risk |
| Express Funded Account | ✔ | ❌ | Traders who passed evaluation |
Topstep Fees
| Trading Product | NFA & Clearing Fees (Round-turn) |
| E-mini S&P 500 (ES) | $2.80 |
| Micro E-mini S&P (MES) | $0.74 |
| E-mini NASDAQ 100 (NQ) | $2.80 |
| Micro E-mini NASDAQ 100 (MNQ) | $0.74 |
Topsteps trading fees are low to moderate compared to industry standards, especially when using its own platform, TopstepX.
Swap Rates
Topstep does not charge swap rates or overnight rollover fees, because all trading must be done during regular trading hours. Swing trading is not permitted, positions must be closed daily.
Non-Trading Fees
| Non-Trading Fees | Details |
| Deposit Fee | ❌ |
| Withdrawal Fee | ❌ |
| Inactivity Fee | Not mentioned |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| TopstepX | ✔ | Mobile, Mac | Beginner to intermediate |
| NinjaTrader | ✔ | Desktop | Experienced |
| Quantower | ✔ | Desktop | Experienced |
| Tradovate | ✔ | Mobile | Beginner-friendly |
| TradingView | ✔ | Mac | Chart-focused traders |
| T4 | ✔ | Mobile | Basic futures traders |
| R|Trader Pro | ✔ | Mobile | Pro traders |
| ATAS OrderFlow Trading | ✔ | Desktop | Order flow traders |
| MotiveWave | ✔ | Mobile, Mac | Technical analysts |
| VolFix | ✔ | Mobile, Mac | Volume traders |
| Bookmap | ✔ | Mac | Advanced visualization |
| Investor/RT | ✔ | – | Professional analysis |
| Jigsaw Daytradr | ✔ | – | Scalpers |
| MultiCharts | ✔ | – | Quantitative traders |
| Sierra Chart | ✔ | – | Custom strategy users |
| Trade Navigator | ✔ | – | Charting professionals |
Deposit and Withdrawal
Topstep does not charge deposit fees. However, some withdrawal methods do incur a fee. The minimum withdrawal amount is $125.
Deposit Options
| Deposit Options | Deposit Fees | Deposit Time |
| Visa | ❌ | Instant |
| Mastercard | ||
| American Express | ||
| Discover | ||
| PayPal (old dashboard only) |
Withdrawal Options
| Withdrawal Options | Minimum Withdrawal | Withdrawal Fees | Withdrawal Time |
| Wise | $125 | $20 | 1–3 business days |
| ACH | |||
| Wire/SWIFT | Not mentioned | 3–5 business days | |
| International Wire/SWIFT | 5–10 business days |
Read more
Rupee Ends 13 Paise Up at 95.15 After RBI Holds Repo at 5.25%: The Effect of a Weak USD, Cooler Oil
The Indian rupee settled at 95.15 against the US dollar on 5 August 2026, gaining 13 paise after the Reserve Bank of India's Monetary Policy Committee voted 6-0 to keep the repo rate unchanged at 5.25 percent for the third time in a row in FY27. The rupee had opened 46 paise higher, rallied to an intraday strongest of 94.89 ahead of the policy decision, and then drifted back as RBI Governor Sanjay Malhotra noted that the currency 'has not appreciated as intended despite the high flows from foreign shores.' A weak dollar index, a sharp pullback in Brent crude from above USD 100 in July, and net FII equity inflows of Rs 2,447 crore on Tuesday combined to support the rupee. USD-INR is expected to trade in a 94.80-95.50 band in the near term.
Errante Review 2026: Users Claim a Poor Trading Experience. What Does Our Investigation Reveal?
Errante, a Seychelles-based brokerage entity, is facing serious trading allegations from users globally. Users claim to have earned profits legitimately using their strategies. However, on the Errante login dashboard, many users reported an automatic deduction of earned profits. At the same time, withdrawal issues allegedly haunt many traders here. While investigating, we also found complaints concerning trade order manipulations by the broker. In this Errante review, we have examined these allegations and given an overview of its regulatory status.
Monisha Chakraborty Appointed as RB Executive Director: What Does This Mean for India's FX Market?
The Reserve Bank of India has appointed Monisha Chakraborty as Executive Director with effect from 3 August 2026; she will oversee the Foreign Exchange Department and the Financial Markets Regulation Department. Chakraborty is a career central banker with over three decades of experience in Supervision, Foreign Exchange, and Government and Bank Accounts, and previously served as Banking Ombudsman. This report explains the significance of the new RBI Executive Director appointment for forex regulation India, the scope of the Foreign Exchange Department and the Financial Markets Regulation Department, and what authorised persons, banks, and forex market participants should monitor as the new ED takes charge.
Forex Liquidity Provider in 2026: How to Choose One Your Brokerage Can Actually Operate
A forex liquidity provider decision now shapes the broker's spreads, fills, slippage, hedging cost, regulatory exposure, and exit options long after the platform is chosen. This 2026 guide explains what a forex LP actually delivers versus what the marketing claim says, how tier-1 banks, prime of prime, and multi-LP aggregators differ in practice, and how execution models (DMA, ECN, STP) change the broker's daily operating reality. It also walks through due diligence on credit, technology, reporting, governance, and exit, and shows how a 2026 broker can combine a primary LP with secondary routing without losing control of the client experience. Use the decision matrix, integration timeline, and operational tests to compare an fx liquidity provider before contract signature, not after a market event.
WikiFX Broker
Latest News
Apple Faces Lawsuit Over Fake Crypto App Exposing $1.8 Million Theft
WikiFXTrump Memecoin Faces SEC Scrutiny After Nearly One Million Investors Suffer Heavy Losses
WikiFX"They Want to See Your Face": Inside ATFX Cambodia's Rise
WikiFXSpread Cheating: The Invisible Trading Cost That Could Be Working Against You
WikiFXLevels Review: No Regulation and Mounting Withdrawal Complaints – What Traders Need to Know
WikiFXLQH MARKETS Review: Multiple Traders Report Withdrawals Blocked and Accounts Terminated
WikiFXBorn2trade Adds Copy Trading to 1:5000 Leverage Platform
WikiFXPILOTFX Review: What Traders Should Know Before Depositing
WikiFXLMAX Group Review 2026: Users Report Disturbing Withdrawal Issues - Is the Broker Still Reliable?
WikiFXTrade24Seven Review: What Traders Should Know Before Depositing
WikiFXRate Calc
