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86
Grade A

Topstep Review (2026)

No MT5Futures prop

Topstep scores 86/100 in our review (grade A), a Chicago, USA-based prop firm founded in 2012. It does not offer MetaTrader 5, so Market Structure Pro cannot be used here.

Important: Prop firm rules, fees, profit splits and account sizes change often, and some figures here are typical or drafted from public information and are being re-verified. Always confirm the current terms on the firm's own website before buying a challenge. Prop trading involves risk and challenge fees can be lost.
Rules
16/20
Cost
13/15
Payout
18/20
Platform
12/15
Trust
18/20
Support
9/10

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Topstep at a glance

Firm typeFutures prop
Founded2012
HeadquartersChicago, USA
Challenge types1-step (Trading Combine)
Account sizes$50k, $100k, $150k
Profit targete.g. $3,000 on the $50k Combine
Max drawdownvaries
Daily loss limitvaries or none
Profit splitup to 90%
Challenge feemonthly subscription from around $49
PlatformsTopstepX, Quantower
MetaTrader 5 (MSP-ready)No
Payout frequencyPayouts available, with the first 100% of profits up to a threshold to the trader
Accepts US tradersYes

Pros & cons

✓ Pros

  • The leading US futures prop firm, established 2012 with a long track record
  • Accepts US traders, unlike most forex prop firms
  • You keep 100% of the first profit tier, then 90%
  • Trades on NinjaTrader, TradingView, Tradovate and more
  • Trailing drawdown based on futures account balance, clearly defined

✗ Cons

  • Futures only, no forex, and no MetaTrader, so MSP cannot be used
  • Monthly subscription model rather than one-off fee
  • Trailing drawdown rules take some learning
  • Data fees can apply for certain exchanges

Full review

Topstep, founded in Chicago in 2012, is the best known futures prop firm and one of the oldest funding companies of any kind. Traders pass the Trading Combine, a one-step evaluation, to reach a funded account and keep 100% of the first profit tier and 90% after that.

It trades futures through platforms such as NinjaTrader, TradingView and Tradovate. It does not offer MetaTrader, so Market Structure Pro cannot be used here, but it is a strong choice for US futures traders who cannot access most forex prop firms.

The trade-offs are the futures-only focus, a monthly subscription model and a trailing drawdown that new traders need to understand.

Reputation & reviews

Independent user-review data from around the web, kept separate from the MSP feature score above.

Topstep's Trustpilot rating is about 3.4 out of 5 (rated Average) across roughly 14,000 reviews, lower than many newer firms, though it remains the most established US futures firm. New accounts now start on a 90/10 split.

Read real reviews of Topstep

Trustpilot ↗
3.4/5
13,981 reviews
PropFirmMatch ↗
4.9/5
55 reviews

Can I use Market Structure Pro with Topstep? Not directly, as Topstep does not offer MetaTrader 5, which MSP requires. Browse the prop firm directory and filter for MetaTrader 5 firms instead.

Frequently asked questions

Is Topstep a good prop firm?

Topstep scores 86 out of 100 in our review (grade A). Topstep's Trustpilot rating is about 3.4 out of 5 (rated Average) across roughly 14,000 reviews, lower than many newer firms, though it remains the most established US futures firm. New accounts now start on a 90/10 split. Always confirm the current rules and fees on the firm's own site before buying a challenge.

Does Topstep work with Market Structure Pro?

Not directly. Topstep does not offer MetaTrader 5, which Market Structure Pro requires. Browse MT5 prop firms in our directory instead.

What is the profit split at Topstep?

Topstep offers a profit split of up to 90%, which can scale higher on some plans. Confirm the exact split for your chosen plan on the firm's site.

Compare more: browse the full prop firm directory, plan your challenge with the prop firm challenge calculator, or compare MT5 brokers.