Topstep vs MyFundedFutures
Topstep and MyFundedFutures represent different approaches to futures prop trading, with Topstep using end-of-day trailing drawdown while MyFundedFutures employs intraday trailing drawdown based on peak equity. Topstep includes a daily loss limit and requires a $149 activation fee, whereas MyFundedFutures has no daily loss limit or activation fee. Both firms offer similar payout splits initially (80%) but Topstep increases to 90% while MyFundedFutures maintains 80%. Platform availability differs significantly, with Topstep offering TopstepX and TradingView alongside standard futures platforms, while MyFundedFutures focuses on traditional futures trading platforms.
Key Differences
- •Drawdown calculation: Topstep uses end-of-day trailing while MyFundedFutures uses intraday trailing based on peak equity
- •Daily loss limits: Topstep enforces daily loss limits while MyFundedFutures has none
- •Activation costs: Topstep charges $149 activation fee while MyFundedFutures has no activation fee
- •Payout frequency: MyFundedFutures offers daily payouts versus Topstep's twice monthly schedule
Topstep suits traders who prefer end-of-day drawdown calculations that don't fluctuate during market hours and those who can benefit from the higher 90% payout split after initial profits. The daily loss limit provides additional structure for traders who want built-in risk management controls.
MyFundedFutures appeals to traders who want immediate access without activation fees and prefer the flexibility of no daily loss limits. The daily payout frequency and intraday drawdown tracking suit active futures traders who want real-time equity management.