TopStep Review
Last reviewed: May 14, 2026
TopStep is the longest-running major futures prop firm — founded in 2012, with a track record that predates almost the entire current ecosystem. The Trading Combine rules are straightforward EOD trailing drawdown, and the firm's operational reliability is genuinely strong. The 2026 shift to the proprietary ProjectX platform is the defining recent change: if you're comfortable with TopStep owning the full stack (firm + platform + clearing), TopStep is still a credible choice. If you specifically want to use Tradovate, NinjaTrader, or other open platforms, look at Apex, MFFU, or Tradeify instead — TopStep no longer supports those.
Traders who specifically want TopStep's brand and ruleset and are comfortable trading exclusively through ProjectX.
Traders who require Tradovate, NinjaTrader, or third-party platform support — TopStep no longer offers those integrations.
IMPORTANT: As of 2026, TopStep accounts are only accessible via ProjectX (TopStep's proprietary trading platform). They are no longer compatible with Tradovate, NinjaTrader, Rithmic, or other third-party platforms. TradersForge cannot currently track TopStep accounts because there is no data path from ProjectX. If you require open-platform support and third-party tooling, see Apex Trader Funding, My Funded Futures, or Tradeify instead.
Quick facts
TopStep is one of the longest-running futures prop firms — founded 2012, well before the current generation of competitors. Operations have been consistent, payouts reliable. The 2026 move to ProjectX (TopStep's proprietary trading platform) is the major recent change traders need to understand before signing up.
Account sizes & rules
EOD trailing drawdown. Standard path — lower monthly fee + $149 Express Funded activation after passing.
| Account | Profit target | Max drawdown | Daily loss | Drawdown type |
|---|---|---|---|---|
| $50K | $3,000 | $2,000 | — | eod-trailing |
| $100K | $6,000 | $3,000 | — | eod-trailing |
| $150K | $9,000 | $4,500 | — | eod-trailing |
EOD trailing drawdown. Higher monthly but $0 Express Funded activation — best for traders passing in 1-2 attempts.
| Account | Profit target | Max drawdown | Daily loss | Drawdown type |
|---|---|---|---|---|
| $50K | $3,000 | $2,000 | — | eod-trailing |
| $100K | $6,000 | $3,000 | — | eod-trailing |
| $150K | $9,000 | $4,500 | — | eod-trailing |
What works well
- Longest operational history of any major futures prop firm
Founded 2012 — predates Apex (2021), MFFU (2022), Tradeify (2023), Alpha (2023), and most of the current ecosystem. Multiple market regimes, consistent payouts, established processes.
- Two activation-fee structures
Standard path uses lower monthly fee + $149 activation when funded. No Activation Fee plan trades higher monthly cost for $0 activation — better for traders confident in passing within 1–2 attempts.
- Vertically integrated stack (for those who want it)
TopStep now owns the firm, the platform (ProjectX), and the clearing relationship. Single point of contact for support, no third-party platform changes affecting your account, no integration friction between vendors.
- Established brand recognition
Strong name awareness in the trading community. Easier to explain "I trade with TopStep" to other traders than to explain a newer or smaller firm.
What to watch out for
- ProjectX-only platform commitment
As of 2026, TopStep accounts can only be traded through ProjectX. Tradovate, NinjaTrader, Rithmic, and other third-party platforms are no longer supported. If your existing setup depends on any of these, switching to TopStep means switching platforms.
- Limited third-party tooling support
The broader ecosystem of journals, analytics tools, indicator marketplaces, and automated trading platforms developed around Tradovate / NinjaTrader / Rithmic does not connect to ProjectX. TradersForge included — until ProjectX exposes a stable data path, TopStep accounts cannot be tracked here.
- Vertical lock-in is a real cost
Owning your full stack means TopStep dictates your platform, clearing, and tooling experience without competitive pressure from third parties. Convenient when it works; harder to escape if you ever want to leave.
Who should pick TopStep
If you've evaluated ProjectX and it fits your workflow, TopStep is a credible firm with a long track record. The platform commitment is a feature, not a bug, for traders who want a single integrated experience.
TopStep's 2012 founding makes it the most established firm in the space. If "we've been operating since 2012" matters to your firm-selection process more than platform flexibility, TopStep is the answer.
If you haven't built muscle memory in Tradovate or NinjaTrader and you're starting fresh, ProjectX is just "the platform you use." For new prop firm traders without legacy tooling, TopStep's stack works as a complete starting point.
TradersForge has live drawdown tracking for TopStep
Connect your Tradovate or NinjaTrader account (or import a CSV) and TradersForge tracks your current distance from the trailing max-loss line in real time. Intraday warnings fire before you approach the line, so you find out at +$200 from the wall — not after a stop-out.
Frequently asked questions
What is ProjectX and why did TopStep move to it?
ProjectX is TopStep's proprietary trading platform, replacing third-party platforms like Tradovate, NinjaTrader, and Rithmic for TopStep accounts. The shift gives TopStep direct control over the trading experience, data, and clearing path — a vertical-integration play that simplifies their operations and removes dependency on platform vendors. For traders, it means TopStep accounts are now usable only via ProjectX.
Can I still use Tradovate or NinjaTrader with TopStep?
No. As of 2026, TopStep accounts trade exclusively through ProjectX. Tradovate, NinjaTrader 8, Rithmic, and other third-party platforms no longer connect to TopStep. If you require these platforms specifically, consider Apex Trader Funding, My Funded Futures, or Tradeify — all of which support the standard Tradovate/NinjaTrader workflow.
Can TradersForge track my TopStep account?
Not currently. TradersForge integrates with Tradovate, NinjaTrader, and CSV imports from those platforms. Since TopStep accounts now run exclusively on ProjectX, there is no current data path for TradersForge to ingest TopStep trades. If ProjectX exposes a CSV export or API in the future, support may be possible — but as of now, TopStep accounts cannot be journaled in TradersForge. Apex, MFFU, and Tradeify accounts work as expected.
What's the difference between Standard and No Activation Fee Combines?
Standard has a lower monthly fee but a $149 activation fee when you pass and convert to Express Funded. No Activation Fee has a higher monthly cost but $0 activation. If you're confident you'll pass within 1–2 attempts, No Activation Fee is cheaper overall. If you expect multiple attempts, Standard's lower monthly cost wins.
How does TopStep's drawdown work?
EOD (end-of-day) trailing drawdown — the more forgiving variant. Your trailing max-loss line updates only at session close, not continuously throughout the day. If you're up $1,500 intraday and close at $1,200, the trail moves up by $1,200 (not $1,500) for the next session. Easier to manage than intraday trail since wicks against your position don't immediately tighten the line.
Should I pick TopStep or one of the open-platform alternatives?
If you're committed to using ProjectX (or have no existing platform preference), TopStep's long operational history makes it a credible choice. If you have existing setups in Tradovate, NinjaTrader, or other open platforms — or you want third-party journaling, analytics, and automation tools — Apex, MFFU, or Tradeify are better fits. The platform constraint is the deciding factor; the firm itself remains reputable.
Is ProjectX better than Tradovate or NinjaTrader?
Different design philosophy. Tradovate and NinjaTrader are mature platforms with extensive third-party ecosystems (journals, indicators, automation tools). ProjectX is newer, vertically integrated with TopStep, and lacks the third-party tool ecosystem. Whether "better" depends on what you value — open ecosystem and tool variety, or a single integrated stack with one vendor relationship.
Compare with
Active intraday futures scalpers and day traders who want to scale across multiple accounts.
Traders who care about payout cadence (faster vs. uncapped) and want to pick a plan tuned to their style.
Traders who want to skip evaluations entirely (Lightning) or move from sign-up to funded in 1–3 days (Growth/Select).