Topstep‘s payout policy serves as the foundation for payouts and withdrawal guidelines. After passing the Trading Combine, traders can request payouts from their Express Funded Account or Live Funded Account through the Topstep Payout Policy. After five winning days, traders are eligible to request a maximum of 50% of their amount. They have the right to ask for 100% of their earnings at any moment after 30 days of winning. When a trading day’s Net PNL (Profit and Loss) is $200 or above, it is considered a winning day. It’s crucial to remember that payout requests cannot be made in a Trading Combine account; instead, they are only accessible to Funded Traders who have successfully completed the Trading Combine.
What’s The Basic Withdrawal Amount Topstep Allows?
The minimum withdrawal (payout) amount at Topstep for traders in a Funded Account is $125.
Topstep’s Withdrawal Conditions
The terms previously stated entail that obtaining five winning trading days to withdraw up to 50% of their account balance or reaching 30 winning days to request their entire balance at any time, must be met by traders in order to withdraw from their funded accounts at Topstep.
How Long Do Topstep Payouts Take?
Excluding holidays and weekends, Topstep plans payout requests for each day of the week. However, depending on the payment option selected, traders’ wait times for their money may differ. The arrival time for each payment option is shown in the table below:
| Withdrawal method | Duration |
| Wise | 1-3 business days |
| ACH | 1-3 business days |
| Wire/SWIFT | 3-5 business days |
| International Wire/SWIFT | 5-10 business days |
What is Topstep’s Payout Process
Traders use a form in the Topstep app to make a payout request if they have five consecutive winning days. On the following business day, Topstep starts the fund transfer after the payout request is approved and all necessary paperwork (KYC documents, ACH/Wire/SWIFT information, and other forms) is submitted. Then, depending on the withdrawal method they selected, traders should anticipate receiving their payment within a few days.
Topstep’s payout procedure usually operates as follows:
- Stack up 5 winning days: Make sure you reach a $200+ Net PNL in 5 days.
- Payout request: Use the Topstep app to submit a payout request.
- Send in the necessary documents: Give the necessary KYC and ACH/Wire/SWIFT paperwork.
- Await approval: Your request is reviewed and approved by Topstep.
- Fund transfer: After approval, funds are transferred the following business day.
- Get payment: Depending on the withdrawal option, you should get your money in a few days.
What Are Topstep’s Payout Restrictions?
Topstep has particular payout limitations on traders. Said limits include:
Prohibited Countries
Some traders aren’t eligible for payments because of financial and legal restrictions in their nation. The following countries are off limits: Afghanistan, Barbados, Bahamas, Angola, Belize, Bosnia and Herzegovina, Botswana, Bulgaria, Burma, Burundi, Cambodia, Central African Republic, Côte D’Ivoire, Croatia, Cuba, Democratic Republic of the Congo, Ecuador, Ethiopia, Ghana, Guyana, Iceland, Indonesia, Iran, Iraq, Jamaica, Kosovo, Laos, Lebanon, Liberia, Libya, Mauritius, Mongolia, Montenegro, Nicaragua, North Korea, North Macedonia, Pakistan, Panama, Papua New Guinea, Romania, Russia, Serbia, Slovenia, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Uganda, Ukraine, Venezuela, Yemen, and Zimbabwe.
Account Type
Only funded accounts (Express or Live Funded Accounts) are eligible for payouts, Trading Combine accounts are not eligible.
Minimum Payout
Trades less than $125 will not be granted.
Winning Days Requirement
As previously stated, traders are only eligible to request rewards if they have a certain amount of winning days.
Profit share
Following the first $10,000 in profits, there is a 90/10 profit share.
How Much Is the Topstep Profit Share?
According to Topstep’s profit-sharing policy, traders receive 100% of payouts until they hit $10,000. The ratio then shifts to a 90/10% ratio. With Topstep taking 10% and traders receiving 90%. This policy applies to all of a trader’s Funded Accounts because it is per trader rather than per account. All subsequent payments are divided 90/10 after the total payouts reach $10,000.
What To Keep in Mind About Topstep Payout Taxes?
It is important to understand your tax requirements before making any withdrawals from Topstep. Traders should be aware of the following:
- In general, traders fall within the category of independent contractors. Report as regular income just the earnings that are paid out.
- Americans and foreign residents: Fill out a W9 form to record your income.
- Citizens of countries other than the US: To control tax withholding and declare foreign status, use the W-8 BEN form.
- Foreign Guidance: Topstep does not demand any tax paperwork or from countries other than the US. As you follow the tax regulations in your country, get advice from a tax expert.
What Are Topstep’s Withdrawal Fees?
For distributions from the Express Funded Account or Live Funded Account, Topstep does not impose withdrawal fees. The trader’s preferred withdrawal method, however, can include additional costs. Wise, ACH, Wire/SWIFT, and International Wire/SWIFT are popular withdrawal options. Processing fees may apply for any of these methods.
Is Topstep Truly Profitable?
Indeed, Topstep reimburses its dealers. Since its launch in 2012, Topstep has gained the satisfaction of day traders. Traders from all throughout the world have provided numerous testimonial videos, screenshots, and reviews as evidence of their Topstep payments. Topstep’s legitimacy is confirmed by more than 3,456 Trustpilot reviews, which have an average rating of 4.6 out of 5 stars.
Do Withdrawals Change the Trading Regulations for Topstep?
Certain trading rules of Topstep are modified by withdrawals (payouts), particularly those pertaining to the drawdown (Maximum Loss Limit) and the scaling strategy (Maximum Position Size).
- Drawdown: Following a payout, the account’s starting amount is used as the Maximum Loss Limit to keep the balance from falling below $0. The limit resets to $0 if payouts are made before it reaches that amount. The maximum loss that can occur is the amount that remains after a payout.
- Scaling Plan: By adjusting the Maximum Position Size, payouts have an impact on risk and leverage. Buying power changes in response to a dividend that decreases the account level, which could result in fewer tradable contracts.
Other Topstep trading regulations, such as the list of allowed instruments and trading hours, are unaffected by payouts.
