Topstep-Overview of Minimum Deposit, Spreads & Leverage

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

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.

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.

Topstep Fees

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

Trading Platform

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

Withdrawal Options