Is Topstep the Top Prop Firm in 2025?

In the world of funded trading, prop firms offer traders the opportunity to trade with a firm’s capital and earn a portion of the profits—without risking their own money. Among the many options out there, Topstep has earned a strong reputation. But is Topstep the top prop firm in 2025? And how does it compare to newer and fast-growing firms like FTMO, MyFundedFX, and The Funded Trader?

In this guide, we’ll break down Topstep’s key features, its pros and cons, and how it stacks up against other leading prop firms in 2025.

What Is Topstep?

Topstep(formerly TopstepTrader) is a Chicago-based prop firm that’s been around since 2012. It specializes in futures trading, unlike many other prop firms that focus on forex and CFDs.

Traders go through an evaluation process (called the Topstep Combine) to prove their consistency and discipline. Once you pass, you’re given access to a funded account, and you can earn a percentage of profits.

Key Features of Topstep (2025)

• Market Focus: Futures only (e.g., E-mini S&P 500, crude oil, etc.)

• Platforms Supported: Tradovate, NinjaTrader, Rithmic

• Payout Split: 100% of first $5,000, then 90% of profits

• Account Sizes: $50,000, $100,000, $150,000

• Evaluation Stages: Two steps (Step 1 + Step 2)

• Monthly Fee: Starts at $165/month (varies by account size)

• Daily Loss Limit: Yes

• Consistency Rules: Yes

• Withdrawal Minimum: $200

• Reset Fee: $99 (if you fail and want to restart)

Pros of Topstep

✅ Trusted and Regulated: One of the most established prop firms with real trading experience behind it.

✅ Great for Futures Traders: If you prefer trading futures over forex, Topstep is one of the best.

✅ Structured Rules: Clear trading objectives that focus on consistency and risk management.

✅ Instant Withdrawals: Once funded, you can withdraw profits every week.

✅ No Time Limit in Evaluation: Unlike most forex prop firms, there’s no time pressure to hit the profit target in Step 1 or 2.

Cons of Topstep

Monthly Fees: Unlike firms like FTMO (which charge a one-time fee), Topstep charges you every month during the Combine.

Only Futures Trading: No access to forex, indices, crypto, or stocks.

More Conservative Rules: Daily loss limits and consistency rules can make it harder for aggressive traders.

Topstep vs Other Prop Firms (2025)

Let’s compare Topstep with some of the most popular forex/CFD-based prop firms:

Who Should Use Topstep?

Topstep is ideal for:

• Futures traders who want access to larger capital

• Traders who prefer no time pressure in evaluations

• Those looking for a structured environment with strict rules

• Traders with experience using advanced platforms like NinjaTrader or Tradovate

Topstep vs FTMO: The Classic Showdown

FTMO is often compared to Topstep because of its popularity in the forex trading world. Here’s how they differ:

• FTMO is better if you trade forex or indices and want a one-time evaluation fee.

• Topstep is better for futures traders who want more flexibility in terms of evaluation time.

• FTMO’s model is more aggressive and allows for faster profits—but comes with stricter timeframes.

Is Topstep Legit?

Yes—Topstep is a legitimate, well-established prop firm. It has funded thousands of traders since 2012 and has been featured by Bloomberg, CNBC, and other major platforms.

But remember: passing the Combine is only the beginning. The real challenge is staying consistent once you’re funded.

Final Thoughts: Is Topstep the Best Prop Firm for You?

If you’re a futures trader looking for funding, Topstep is the #1 choice. It offers a professional environment, fair rules, and reliable payouts.

However, if you trade forex, crypto, or want more flexible or faster funding options, you may prefer other firms like FTMO, MyFundedFX, or The Funded Trader.

The bottom line? Choose the firm that matches your trading style—not just the one with the best marketing.