Topstep Fx Review 2022 – Pros and Cons














  • UP TO $500,000 IN BUYING POWER



Being a trader is hard and making a few percent per month isn’t going to pay the bills on most traders accounts – sadly. Sometimes taking on investors capital is the only way to go from a hobby trader, to a fully fledged professional trader. However, finding investors is time consuming, has a lot of legal paperwork and requires traders to have many years of solid trading results. This is where prop firms come in…

In this article we are going to be looking at Topstep Fx, a forex and futures focused prop firm offering a huge amount of funding to profitable traders, in exchange for a profit split. The company is one of the largest in the industry and for good reason. Let’s take a look at the pros, cons and my experience with Topstep Fx…

Who Are Topstep Fx?

TopstepOpens in a new tab.

Before gaining a funded account, as with other prop firmsOpens in a new tab.

There’s a really wide range of currency pairs and futures to choose from which means traders from many different backgrounds are catered to when working with Topstep Fx. Furthermore, Topstep use MT4 which is a widely known and used platform by many traders. Having previous experience with it, we know it offers a really great platform to trade on with great software and analytics. Most of the top prop firms like FTMOOpens in a new tab.

Getting Funding With Topstep Fx

Step 1 is to prove you can profit. Traders need to hit a profit target, which is dependent on the account size chosen. Buying power variates depending on which account you’re trading with. For example, the $300,000 account size has a profit target of $1,500 with an account loss limit of $2,000. Maximum Position Size is 3 Lots with this account, for example- so whilst most traders will want to have a much smaller position size, the potential to upscale this is there.

Step 2 is all about managing risk. So, with the $300,000 account, the profit target doubles in size to $3,000. The account loss limit is still the same, however the weekly loss limit halves to $1,000 (being $2,000 in Step 1). Of course, these figures will vary across accounts but the general idea is there, as restrictions are tightened within Step 2 with an increased profit target.

Traders are required to pay a monthly fee whilst completing the evaluation, which varies depending on the account size. After passing both steps, traders are able to get a funded account to trade live!

What Makes Topstep Fx Different From Other Prop Firms?

One thing to consider when looking at Topstep Fx that makes it different from other prop firmsOpens in a new tab.

  1. Expert trading mentors and coaches, with serious institutional experience.
  2. Long standing company, with industry ties since 2012.
  3. 80% profit split, which is much higher than average. FTMO, the largest prop firmOpens in a new tab.
  4. Simple trading objectives. Unlike some of the prop firms near the bottom of our ranking listOpens in a new tab.

Topstep actually offer coaching to traders. So, for those who are looking into trading or wishing to expand their skills a bit before attempting the funded account, Topstep offers three kinds of coaching including Personal, Digital and Group coaching which means now matter how you prefer to learn, they can offer you the tools to build on your experience as a trader. Even better, the group coaching is FREE. We would highly recommend looking into coaching if you’re on the fence about trying for a funded account and it comes with some really positive reviews.

Most of the other companies listed on our Top Prop Firms ListOpens in a new tab.

Is Getting Funding From Topstep Fx Realistic?

In short, yes it is super realistic to expect to get a funded account with Topstep FxOpens in a new tab.

Their simple 2 step process with a solid set of rules ensures that you trade in the best possible way with the best outcome. What’s more, their coaching programmes are there to help you out should you need that extra boost or you’re starting off a complete novice! Beyond the programs offering instant funding like DT4X TraderOpens in a new tab.

Topstep Fx Education & Support For Traders

With so many educational resources online, like BabypipsOpens in a new tab.

There are 3 different types of coaching that traders can make the most of:

  • Digital Coaching
  • Group Coaching
  • Personal Coaching

It’s worth noting that the coaches are not your run of the mill forex retail traders, with a few years of track record. These coaches are seasoned professionals with real institutional backgrounds, like John Hoagland for instance, who has nearly 40 years of futures experience, with half of that being on the CME floorOpens in a new tab.

The group coaching sessions are completely free and a great way to dip your toes, meet the coaches and meet fellow traders in the same situation as yourself! You can join the group hereOpens in a new tab.

Topstep Fx Reviews- What Are Other Traders Saying?

As always, we like to consider other reviews to provide you with all the information we possibly can about the prop firm and Topstep Fx does not disappoint. With an Excellent rating on TrustpilotOpens in a new tab.

Traders are commonly praising the initial evaluation and it’s slightly stricter set of rules. Whilst this seems like a pain initially, it actually means traders are using their skills to the best of their ability and are being pushed to be the best they can possibly be. Traders say that whilst it’s tough, the support is great and it provides a platform for traders to become truly professional and take their trading to the next level. As much as these instant funding prop firms like MyForexFundsOpens in a new tab.

Summary- Are Topstep Fx Worth It?

In summary, TopstepOpens in a new tab.

With fairly stringent, yet fair, rules, starting a funded account with Topstep pushes you to the best ability and ensures you can advance your skills and make some really good capital all at the same time. Not only are they are a great prop firm, they offer services to all with their diverse range of coaching services. Overall we would highyl recommend signing up with Topstep and taking your trading to the next level.

I would recommend having a look at some of the other prop firms we have used and reviewed in our Best Prop FirmsOpens in a new tab.

Phoebe Hall

I started investing and got involved with the money markets around 2019. This isn't a full time job for me, more so a hobby and an industry I'm incredibly passionate about. Alongside speculating within the markets, I write content financial blogs in the industry.

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