MyFundedFutures VS Topstep

Overview

In this article, we’re looking at two prominent proprietary trading firms, MyFundedFutures and Topstep, to help you decide which one is the best match for your needs. Both platforms offer ambitious traders the chance to showcase their skills and secure funding. However, each addresses different needs and caters to varying skill levels.

MyFundedFutures allows traders to trade futures using simulated capital, eliminating the need to risk their own money. Successful traders who pass the firm’s evaluation process can receive up to $600,000 in funding for trading in the futures market, and can withdraw their profits once a fortnight.

The firm is linked to MyFundedFX, a company with a solid reputation in the forex market. MyFundedFutures seems poised to follow the successful business model and high standards set by its sister company.

The firm prioritises transparency and places a strong emphasis on meeting the needs of its traders in every way possible, from trading platforms though to account options. Those who join the firm enjoy a 90% profit share, as well as taking home all of their first $10,000 in profits.

Topstep, a pre-eminent US-based prop trading firm, boasts more than ten years of industry expertise. Partnering with NinjaTrader, Tradovate, and TradingView as both trading platforms and brokerage services, Topstep has gone even further with the recent launch of its own innovative trading platform, TopstepX™, developed in collaboration with some of the industry’s most distinguished software developers and traders. Based on user feedback, insights, and ten years of expertise (and only available to Topstep users), the platform aims to surpass conventional trading platforms by offering “the Ultimate Trading XperienceTM,” combining all of Topstep’s services into a single, all-inclusive centre.

Another noteworthy addition is TopstepTV™, a live streaming service that airs directly from the firm’s HQ every weekday from 8.00am to 3.00pm CT. During the broadcasts, traders can learn from seasoned professionals as they trade live and analyse current market trends. Viewers also get updates on economic news, expert trading tips, statistics, rewards for the top performers, and guest appearances.

With account sizes ranging from $50,000 to $150,000, Topstep caters to traders who’re at ease handling moderate through to substantial amounts of capital. The evaluation process consists of a single stage with profit targets of $3,000, $6,000, or $9,000, depending on the account size, and drawdown limits set at $2,000, $3,000, or $4,500. Traders have access to a wide variety of instruments, including CME equity futures like the E-mini S&P 500 (ES) and micro versions of major indices like the S&P, NASDAQ 100, and Russell 2000. For forex futures, traders can work with the Australian Dollar (6A), Euro FX (6E), and Japanese Yen (6J).

MyFundedFutures is best suited to:	Topstep is best suited to:
Aspiring futures prop traders	Newcomers looking to quickly expand their knowledge base.
Those wanting fast payouts	Futures traders after a realistic trading simulation.
Traders seeking a simple one-step challenge with a 25% success rate	Those who value educational materials and live sessions.
Traders who’ll appreciate the 90% profit share	Traders who prefer stricter risk management rules to uphold discipline.
Those valuing supportive customer service	Traders who want a prop firm compatible with all major platforms

Topstep vs. MyFundedFutures: A Comparative Table & Rules

Both MyFundedFutures and Topstep stand out as industry leaders with cutting-edge features designed to help traders maximise their potential, and both firms provide traders market access without requiring them to risk their own capital. The table below highlights the rules and features of each firm to give you a clear comparison.

Feature	MyFundedFutures	Topstep
Challenge Types	One-Step	1-Step/1-Rule
Challenge Account Sizes	$30,000, $50,000, $100,000, $150,000	$50,000, $100,000, $150,000
Challenge Cost	$100 – $500/month	$125 – $650/month
Minimum Trading Days	1 Day	2 Days
Max Daily Loss	none	$2,000 up to $4,500
Max Drawdown	$4,500	Varies by program
Payout Split	90/10 (trader/firm) Keep 100% on first $10,000 profits	90/10 (trader/firm) Keep 100% on first $10,000 profits
Profit Target	$3,000 to $12,000	$3,000 to $9,000

Additional Points:

Topstep:

• Topstep operates with a single rule: the Maximum Loss Limit (MML), which is calculated based on the end-of-day balance rather than intraday unrealised profits. Violating the MML counts as a rule breach.
• You can open, up to 5 Express Funded Accounts (XFA)
• Automated XFA Creation within minutes 
• Topstep offers a Performance Coaching Plan for $395 per month or free with funded accounts. This plan includes:
• A 30-minute introductory session.
• Personalised guidance tailored exactly to your trading style and goals.
• Daily meetings.
• Weekly one-on-one coaching sessions.
• Access to a group chat where you can share tactics and insights with peers.

MyFundedFutures:

MyFundedFutures Challenge key features: 

Starter:

• No activation fee
• Direct path to live
• Possibly weekly payout cycle

Expert:

• No activation fee
• No scaling plan
• No consistency rule
• No payout cap

During the evaluation process, there isn’t a consistency rule. However, once trading begins with simulated funding, Starter accounts are subject to a 40% consistency rule (though Expert accounts are exempt). According to this rule, daily profits mustn’t exceed 40% of your total accumulated profits. If you break the rule, you won’t be allowed to withdraw your earnings, but your account won’t be affected. You’ll need to continue trading and generating profits until no single day’s gains account for more than 40% of your overall profit.

MyFundedFutures is the leading trading evaluation platform in the industry. The 30K Static Account offers traders a fixed drawdown that never changes, allowing full payouts after 60 days (minus $1) without losing the account. This unique feature is designed for traders’ benefit.

Types of Accounts in the 30K Static Evaluation Plan

• 30K Static Evaluation Pro Account
• 30K Static Evaluation Standard Account

Deeper Dive into MyFundedFutures vs. Topstep Trader

The next table should help you to better understand the particular requirements and opportunities of each firm.

Rule Category	MyFundedFutures	Topstep
Allowed Instruments	Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy Futures, Interest Rate Futures, Metals Futures.	Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy Futures, Interest Rate Futures, Metals Futures.
Scalping	Allowed	Allowed
Day Trading	Allowed	Allowed
Swing Trading	Allowed	Allowed
Holding Positions Overnight	Not Allowed	Not Allowed
Holding Positions Over Weekends	Not Allowed	Not Allowed
News Trading	Allowed	Allowed

1. Max Daily Loss (MDL):

• Topstep: Topstep emphasises the importance of risk management through the implementation of daily loss limits. These limits are calculated based on the previous day’s closing account balance and vary according to account size:
  • $50,000 Trading Combine: $1,000 maximum daily loss
  • $100,000 Trading Combine: $2,000 maximum daily loss
  • $150,000 Trading Combine: $3,000 maximum daily loss

Exceeding your daily loss limit results in the end of your Trading Combine

• MyFundedFutures: No daily loss limit – the firm concentrates instead on maximum End of Day Drawdowns and a Consistency Rule.

2. Max Drawdown (MDD):

• Topstep: Topstep concentrates on daily loss limits (see above).

• MyFundedFutures: MyFundedFutures sets itself apart from many other prop trading firms by not imposing a daily drawdown limit, thus alleviating the ongoing stress of daily fluctuations affecting traders’ accounts. Instead, the firm implements a maximum End of Day (EOD) drawdown limit of 3%, which is capped at the account’s initial balance plus $100. This means that for a $50,000 account, the maximum EOD drawdown would be $51,600, and for a $150,000 account, it would be $154,600.

3. Withdrawals:

• Topstep: To qualify for payouts with Topstep, traders must achieve five trading days where they earn over $200 in profit – referred to as “winning days.” These days don’t have to be consecutive. Once you’ve achieved this, you’ll be able to withdraw 50% of your account balance. To withdraw the entire balance, you need to accumulate 30 winning days. Withdrawal requests are typically processed within seven hours of submission and are completed within one to two business days.
• MyFundedFutures: Withdrawals from MyFundedFutures are initially constrained by a maximum limit that’s determined by the starting balance and the maximum drawdown percentage during the first 60 days of the Starter funded programs. For example, a trader with a $50,000 account that has a 4% maximum drawdown can only request withdrawals up to $2,000 every two weeks. However, after this initial two-month period, the withdrawal limits are completely lifted, offering a significant advantage since many other proprietary trading firms impose drawdown-based withdrawal restrictions for at least 90 days.
• For those on Expert plans, there aren’t any withdrawal constraints except that withdrawals can only be requested once every two weeks.

4. Leverage:

Leverage Futures	MyFundedFutures	Topstep
Futures	1.1	1:1

Topstep vs. MyFundedFutures: Pros and Cons

Topstep:

MyFundedFutures:

Conclusion

Both MyFundedFutures and Topstep offer attractive options for traders seeking financial backing to trade in the markets. MyFundedFutures appeals particularly to those needing access to a substantial amount of capital – up to $600,000 – and is ideal for traders aiming to take their trading careers to the next level as well as newcomers seeking a trusted firm with competitive pricing. Meanwhile, Topstep, a firm with an enormous amount of experience in the futures prop trading sector, is notable for its comprehensive Trading Combine program, wide platform compatibility, and its commitment to nurturing trader development and a collaborative trading environment. Its superior educational offerings are also pretty impressive.

Traders who’d prefer a well-organised path to widen their trading expertise and the chance to connect with fellow traders might find Topstep more appealing. Get some further details here. Alternatively, those who favour the direct and uncomplicated approach of MyFundedFutures might see it as a better fit.

Do keep in mind that this overview is intended merely as an introduction, and prospective traders should investigate both firms more thoroughly, exploring their programs, pricing, and guidelines, to determine the best match for their trading ambitions and needs.