TPThe Trading Playbook

Last verified: 2026-03-08

Topstep

activeEst. 2012 · Chicago, USA4.4/5 (14,000 reviews)
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Key Rules at a Glance

Max Daily Loss
N/A
varies by account size, scales with available balance
Max Total Loss
N/A
account balance must stay above $0
Profit Target P1
N/A
Profit Target P2
N/A
Payout Split
50%–90%
daily
Min Trading Days
5 days
Time Limit P1
Unlimited
Consistency Rule
Yes
Must earn at least $150 in trading profits per benchmark trading day

Accounts & Pricing

Account SizeChallenge PriceDaily Loss LimitTotal Loss Limit
$50,000$Per-trade trailing$0 (%)
$100,000$Per-trade trailing$0 (%)
$150,000$Per-trade trailing$0 (%)

Trading Policies

⚠️
News Trading
Prohibited
⚠️
EA / Bots
Not Allowed
⚠️
Copy Trading
Not Allowed
Weekend Holding
Not Allowed
⚠️
Hedging
Not Allowed
⚠️
Free Retry
No
⚠️
Refundable Fee
No

Instruments

futures

Pros & Cons

✅ Pros

  • Performance-based capital release structure with 20% initial access scaling to full balance
  • Daily payout eligibility after 30 benchmark trading days with up to 90% profit split
  • Performance bonus program offering over $250,000 in cash bonuses for consistent traders
  • Dynamic risk expansion that adjusts daily loss limits as account balance grows
  • Live Funded Account structure designed to help transition from simulated to live trading

❌ Cons

  • Must maintain account balance above $0 at all times or forfeit account
  • Initial payout split limited to 50% until reaching 30 benchmark trading days
  • Account automatically closed if inactive for 90 days
  • All positions must be closed by 3:10 PM CT daily
  • Protective stops required on every open position

Scaling Plan

Account Increase
20%
Frequency
Per milestone
Max Account
N/A
Max Split After Scale
90%

Topstep Rule Guides

Max Daily LossMax Total LossProfit Target P1Profit Target P2Min Trading DaysTime LimitPayout SplitScaling PlanNews TradingEA & Bot Policy

Topstep Comparisons

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Disclaimer: This profile is for informational purposes only. Data sourced from https://www.topstep.com/live-funded-account-rules/. Prop firm rules and policies change regularly — always verify current terms before making a purchasing decision. This is not financial advice. Last verified: 2026-03-08.