Topstep 150K Funding Program: 2026 Guide

Topstep operates as a Closed Ecosystem. In 2025, the firm completed its strategic pivot by deprecating third party platforms to consolidate all users onto its proprietary environment, TopstepX™ (ProjectX). This centralization standardizes the user experience and simplifies onboarding, but it introduces a critical dependency: your execution quality is now entirely tied to their internal software, with no option to route orders through external bridges like Rithmic.

1. Pricing Structure:

The firm offers two distinct pricing models for the Trading Combine, allowing traders to choose when to incur the primary cost.

The No Activation Fee Account: This model charges a higher monthly subscription (e.g., ~$89/mo for a 50k account) but removes the Activation Fee entirely upon passing. It is mathematically optimized for confident traders who expect to pass within 1-2 months, eliminating the backend cost barrier.

The Standard Account: This legacy model lowers the upfront risk with a cheaper monthly fee (e.g., ~$49/mo), making it accessible for longer testing periods. However, it shifts the cost to the backend: passing the Combine triggers a mandatory $129 Activation Fee to fund the account.

Both paths lead to the same Express Funded Account. The choice is purely a function of your expected time to pass and preference.

2. Platform Architecture: TopstepX Analysis

The mandatory migration to TopstepX represents a shift from "Modular" to "Integrated" architecture.

Integrated Features: The platform bundles essential tools natively. It includes TradingView charts (removing the need for external data subscriptions), a built-in Trade Copier for managing multiple accounts, and risk management tools. This all in one software reduces setup friction significantly.

Infrastructure Stability: Centralization creates a single point of failure. Recent performance data indicates instances of data latency and execution delays during high load events. Because the ecosystem is closed, traders cannot switch to a backup data feed if the primary servers experience congestion. This is a critical consideration for strategies reliant on execution precision.

3. Payout & Risk Parameters

Topstep’s risk engine prioritizes account longevity over rapid withdrawal velocity.

Static Growth Drawdown (EOD): The firm utilizes an End-of-Day (EOD) Drawdown that stops trailing once the account balance exceeds the starting capital. This parameter is structurally superior to intraday trailing models for swing trading, as it does not penalize unrealized profit retracements during the session.

Liquidity Throttling (The 50% Rule): Withdrawal velocity is capped. In the Express Funded account, traders can only withdraw 50% of their account balance at a time. This restriction remains until the trader accumulates 30 "winning days" (days with $150+ profit) to unlock the Live account. While 100% of the first $10k profit is retained, the system forces capital compounding rather than allowing immediate full liquidity events.

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