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Facts checked 2026-09-24 by BrokerCatalogue research desk (from the firm's own site) · AI visibility: Pipswire index 2026-Q3
Topstep
Chicago, United States · founded 2012
31.4 / 100AI visibility · rank #4
Topstep is a proprietary trading firm based in Chicago, United States, founded in 2012. It offers one-step evaluations on futures. Funded accounts go up to $150,000. The profit split is 90% (100% of first $10,000). Broker backing: Topstep Brokerage LLC (NFA-registered introducing broker, affiliate).
Fields we could not verify on the firm's own site are left out rather than guessed. Rules and prices change often; the firm's site is the binding version.
How often AI assistants recommend Topstep (Q3 2026)
Source: Pipswire AI Visibility Index, 2026-Q3 (CC BY 4.0), 2,344 answers across 5 AI engines and Google, 16 markets. Visibility is not a quality rating.
Topstep: common questions
Do AI assistants recommend Topstep?
Topstep scores 31.4 / 100 on the Q3 2026 Pipswire AI Visibility Index (rank #4 of 76) and is named in 39% of AI answers about which prop firm to use.
What is the Topstep profit split?
Topstep pays a 90% (100% of first $10,000) profit split, with payouts on demand (instant payouts after 5 winning days or 3-day consistency path).
How much does a Topstep challenge cost?
Challenge fees at Topstep start at $49/month ($50K Combine) for account sizes of $50k, $100k, $150k.
What are the Topstep drawdown rules?
Maximum drawdown is trailing $2,000 on $50K (4%, end-of-day) and the daily drawdown limit is none (optional Daily Loss Limit $1,000 on $50K).
Is Topstep regulated?
No prop firm is a regulated broker: Topstep sells evaluations and funds (usually simulated) accounts, it does not hold client deposits under a financial licence. It is linked to Topstep Brokerage LLC (NFA-registered introducing broker, affiliate).
Risk warning: prop firms are not regulated brokers or investment firms. Evaluations are paid, fees are usually non-refundable, most accounts are simulated, and a firm can change its rules or stop paying out. Most participants fail the evaluation. Nothing on this page is financial advice; read the firm's terms before you pay.