What is Topstep's Payout Policy?
If you're wondering what Topstep's Payout Policy is, you've come to the right place! Topstep has the best payout policy in the industry that allows disciplined traders to take weekly payouts. The best part? You can access 100% of your profits after accumulating 30 winning trading days. Check out the details below:
Express Funded Account: Traders can request a payout of up to $5,000 or 50% of their account balance after accumulating five winning trading days per payout request. A winning trading day is counted when a day’s Net PNL is $200 or more.
Live Funded Account: Traders can request a payout of up to 50% of their account balance after accumulating five winning trading days per payout request. A winning trading day is counted when a day’s Net PNL is $200 or more.
Winning days do not need to be consecutive days. After taking a payout, a trader must complete five additional winning trading days from the date the most recent payout is processed before being eligible for their next payout. This is required for each payout request.
Once you have accumulated 30 winning trading days (this means you've earned $200 or more Net PNL each day) in your account, you unlock access to 100% of your balance. This means that for future payouts, you can request up to 100% of your balance with each payout request. Requests can then be made any time, for any amount*, up to 100%! *Minimum Payout Request is $125.00. Keep in mind that if a full 100% payout is requested, the Funded Account will be closed since the balance will be brought to the Maximum Loss Limit.
If you'd like to request a withdrawal of more than 50% of your total account balance or 30 winning trading day requests, please contact the Trader Support Team. These requests are currently processed manually and cannot be submitted through the payout request form.
Once you are in a Live Funded Account, the winning trading days calculated towards 30 winning days will be from the oldest Express Funded Account that opens the Live Funded Account.
You should always pay yourself after a few winning days but don’t forget that trading isn’t a one-and-done activity. Pay yourself while also positioning yourself for the long haul. Treat your account like a personal brokerage account, with the goal of building it as much as possible, so you are never in a situation where you can’t trade the next day.
The chart below shows you which type of payout you are eligible for, depending on how many winning days you've accumulated:
5 Winning Days of $200 or More | 30 Winning Days of $200 or More |
5 non-consecutive days of Net PNL $200 or more | 30 non-consecutive days of Net PNL $200 or more |
Eligible to withdraw up to $5,000 or 50% of the account balance per payout request | Eligible to withdraw 100% of account balance anytime |
Additional Payout Details
Increased Payout Percentage: Once a trader reaches 30 non-consecutive winning days of $200 or more, they may request up to 100% of their account balance per payout moving forward in the account. These payout requests can be made at any time.
Voluntary Closure: A trader may request up to 100% of their account balance once they have at least 30 winning days of $200 or more in their Express Funded Account. If a trader has been called up to the Live Funded Account, their winning days are accumulated across both accounts. If a full 100% payout is requested, the Funded Account will be closed since the account balance will be brought to the Maximum Loss Limit.
Called Up to Live: A trader may request a payout if they are called up to the Live Funded Account. The trader is eligible for a payout even if they recently took a payout and have not reached the next 5 winning days. The remaining Express Funded Account balance will be the Live Funded Account starting balance.
How can I Request a Payout?
You can request a payout through this form in our app. Payouts are processed daily. Once requested it may take Topstep 1-3 business days to approve your request. As long as you have submitted your information correctly, and you've been approved, you will receive your payout within 10 business days.
When a payout is requested and approved, and all appropriate forms are submitted (ACH / Wire / SWIFT info & KYC documents), we will remove the funds from the trader's account. Topstep will then start the process of sending the funds to the trader. Your Payout arrival will depend on the payment method.
When submitting your Adobe documents for a payout request, you'll be prompted to enter an email address. You must use the email address associated with your Topstep account. If a different email address is used, your payout request will be delayed. Please note that only one Adobe banking form is needed regardless of the number of payout requests submitted. The forms should only be resubmitted if your banking information changes or your government-issued ID has expired.
The available payout methods are:
Wise: 1-3 business days
ACH: 1-3 business days
Wire/SWIFT: 3-5 business days
International Wire/SWIFT: up to 5-10 business days
These transfer times are only estimates and may be impacted by additional reviews or requests for information at the discretion of the payment providers or the Finance & Compliance Team. Most payment providers, especially banks, do not process payments on weekends and public holidays.
Occasionally, a bank outside of the United States might request a verification letter stating why you are requesting payouts or receiving deposits to your bank account. Please note that while Topstep does not provide verification letters for payouts, you can provide your bank with a copy of your Express Funded Account Agreement for verification purposes.
What is the Profit Split?
Learn more about Topstep's Profit Split below:
Traders will receive 100% of the profits from payouts, up to $10,000
After the first $10,000 of funds have been received by the trader, the profit split will become 90/10, with the trader receiving 90% of payouts and Topstep retaining 10% of the requested payout.
The payout policy is per trader and can be across multiple Funded Accounts. You will keep 100% of your profits until your payouts across Funded Accounts cumulatively add up to $10,000. Once your cumulative payouts exceed $10,000, you will be subject to the 90/10 profit split.
Once the payout request is processed, the Maximum Loss Limit will automatically be set to $0 (the trader cannot allow the account balance to reach or go below $0 after a payout).
What Happens When I Get Called Up to the Live Markets?
When Topstep determines that a trader has consistently succeeded in the Express Funded Account, you will receive an email to move to a Live Funded Account™. At that time, all open Express Funded Accounts will be closed.
The full balance of the Express Funded Account will be the starting balance of the subsequent Live Funded Account. You can request payouts when you get called up to live. The Live Funded Account begins with a $0 Maximum Loss Limit. The Live Funded Account follows the same payout policy as the Express Funded Account. See how multiple accounts affect the Live Funded Account.
When you are in the Live Funded Account, you cannot start any Express Funded Accounts. This will allow you to focus on live trading and paying yourself. You can still test strategies and practice in the Trading Combine & Practice Accounts.