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Topstep Review
Topstep is a Chicago futures prop trading firm founded in 2012. It is an NFA registered introducing broker, and a 2026 lawsuit claims it also runs an unregistered pool.
Min Deposit
$49
Spreads From
Not applicable, costs are evaluation fees rather than dealing spreads
Max Leverage
Set by exchange margin rules once a trader is funded
Platforms
TopstepX, NinjaTrader
Pros
- NFA registered introducing broker under Topstep Brokerage LLC, ID 0567079
- One of the original modern prop trading firms, founded back in 2012
- Funded traders can keep up to 90 percent of the profits they earn
- Says it has paid out more than $1.4 billion to funded traders in total
- Also offers a live brokerage option for traders who want to use their own capital
Cons
- A 2026 lawsuit claims Topstep runs an unregistered commodity trading pool
- New NFA and CTA registrations arrived just two weeks after that lawsuit was filed
- The Trading Combine is a paid monthly evaluation, not a normal funded deposit account
- Profit targets and drawdown rules must be met before any real payout begins
Topstep is a Chicago futures prop trading firm founded in 2012 by former futures trader Michael Patak, who still owns the business. The National Futures Association lists its brokerage arm, Topstep Brokerage LLC, as an approved introducing broker under ID 0567079.
Most traders join through the Trading Combine, an evaluation that costs a monthly fee rather than a normal deposit. In 2026 Topstep also registered a second entity, Topstep Advisory LLC, as a Commodity Trading Advisor and Swap Firm. This came within two weeks of a lawsuit from trader Vincent McCrudden, who argues Topstep runs an unregistered commodity pool.
Topstep says it has paid over $1.4 billion to funded traders across more than 140 countries. Traders who pass an evaluation can keep up to 90 percent of profits, and Topstep now also offers a separate live brokerage option for people who want to trade their own capital instead of an evaluation account.
Min. Deposit
USD 49
Max Leverage
Set by exchange margin rules once a trader is funded
Spreads From
Not applicable, costs are evaluation fees rather than dealing spreads
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
