Prop firms · Is it legit?
Is Topstep legit?
Topstep scores 3.5/5 on Trust and 3.8/5 on Payouts in the Tradoshi 2027 ranking, #19 of 276 with 76.2/100. No warning was found on the regulator lists checked.
Tradoshi 2027 ranking, data as of October 30, 2026. Methodology
What our checks show
High scores (4 or 5 out of 5)
- Regulator warnings
- Published processing time
- Payout frequency and first payout
- Number of reviews
- Suspicious review warning
- Rules restricting how you trade
- Secure website
Low scores (1 or 2 out of 5)
- Regulated execution partner
- Honest marketing
- Payout history and incidents
- Trader rating (Trustpilot and Google)
A low score reflects what the scale recorded on that criterion, not a fault by the firm: each criterion name links to its scale. These checks describe what was published on the dates shown. They guarantee neither a future payout nor that the rules stay the same: check with the firm before buying.
The detail, criterion by criterion
Company and regulators
| Criterion | Score | What was recorded |
|---|---|---|
| Regulator warnings | 5/5 | Not on the lists of the AMF, I-SCAN (IOSCO), ASIC, FINMA, CNMV or the CFTC RED List (source) Read on October 28, 2026 |
| Registered company and age | not applicable | Topstep LLC Read on October 29, 2026 |
| Identity and contact | 3/5 | You may also call us at (888) 407-1611 or write to us at: Topstep LLC, 130 S Jefferson St, Chicago, IL 60661, Attn: Designated Agent. (source) Read on October 28, 2026 |
| Regulated execution partner | 2/5 | Exclusive access to TopstepX, built to help you manage risk. (source) Read on October 28, 2026 |
| Honest marketing | 1/5 | Earn payouts up to $12,000 in as little as 3 days. (source) Read on October 28, 2026 |
Payouts
| Criterion | Score | What was recorded |
|---|---|---|
| Public payout proof | 3/5 | $1,5B+ Paid out to prop firm traders (source) Read on October 28, 2026 |
| Published processing time | 5/5 | Internal approval can take 1-3 business days. (source) Read on October 28, 2026 |
| Payout frequency and first payout | 4/5 | On the Standard Path after every 5 winning days of $150+. (source) Read on October 28, 2026 |
| Withdrawal terms and methods | 3/5 | Max Payout per request: 50% of your account balance up to the cap below. (source) Read on October 28, 2026 |
| Payout history and incidents | 2/5 | August 2026: Wise Payout Option Restored for Select Regions … Wise remains unavailable everywhere else. Keep using another available payout method. (source) Read on October 29, 2026 |
Trader reviews
| Criterion | Score | What was recorded |
|---|---|---|
| Trader rating (Trustpilot and Google) | 2/5 | Trustpilot 3.7 from 15,003 reviews; Google 3.3 from 101 reviews (source) Read on October 28, 2026 |
| Number of reviews | 5/5 | 15,104 reviews (source) Read on October 28, 2026 |
| Suspicious review warning | 5/5 | No Trustpilot warning on the profile (source) Read on October 28, 2026 |
Rules
| Criterion | Score | What was recorded |
|---|---|---|
| Rule clarity | 3/5 | 11/14 rules documented (source) Read on October 28, 2026 |
| Rules restricting how you trade | 4/5 | – (source) Read on October 28, 2026 |
Website security
| Criterion | Score | What was recorded |
|---|---|---|
| Secure website | 5/5 | certificate valid for 53 more days Read on October 28, 2026 |
| Protected domain (SPF, DMARC, headers) | 3/5 | 3 points out of 5 (SPF, DMARC, DMARC strict) Read on October 28, 2026 |
Frequently asked questions
Is Topstep regulated?
A prop firm usually sells an evaluation program and is not a licensed broker. The company name recorded is Topstep LLC, United States. No warning was found on the regulator lists checked.
Does Topstep pay its traders?
Its Payouts pillar scores 3.8/5: it measures what is published on proof, timing, frequency and payout incidents. It does not guarantee a future payout.
What do reviews say about Topstep?
Trustpilot 3.7 from 15,003 reviews; Google 3.3 from 101 reviews. The Reviews pillar scores 4.0/5.
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