Updated on: October 28, 2024

What is the Topstep Withdrawal and Payout policy?

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After completing the Trading Combine Challenge, Topstep traders are awarded a funded trading account, allowing them to withdraw profits in accordance with Topstep’s Payout and Withdrawal policy. As traders earn profits, they receive their designated share.

According to the official Topstep Payout Policy, traders with an Express Funded Account or Live Funded Account can request a payout of up to 50% of their account balance after five winning trading days, and 100% of their profits after 30 winning days. A winning trading day is defined as achieving a profit of $200 or more.

Topstep processes payouts daily, but it can take up to 10 days for traders to receive their funds, depending on the chosen payment method.

The Trading Funder team has carefully reviewed Topstep’s payout and withdrawal structure, including the policies, processes, and key factors like payment methods, duration, fees, restrictions, and tax implications, to help traders make informed decisions and consult effectively on navigating their withdrawal options.

Table of Contents

What is the Topstep payout policy?

Payouts and withdrawal rules at Topstep are based on the payout policy. The Topstep Payout Policy is for traders who’ve passed the Trading Combine, allowing them to request payouts from their Express Funded Account or Live Funded Account. Traders can ask for a maximum of 50% of their balance after five winning days. After 30 winning days, they can request 100% of their share of profits anytime. A winning trading day is defined as a day when the day’s Net PNL (Profit and Loss) is $200 or more. It’s important to note that payout requests are exclusively available to Funded Traders who have passed the Trading Combine, as payouts cannot be requested in a Trading Combine account.

What’s the minimum withdrawal amount at Topstep?

The minimum withdrawal (payout) amount at Topstep for traders in a Funded Account is $125.

Which withdrawal options does Topstep offer?

Topstep offers the following withdrawal options for payouts from Express Funded Accounts or Live Funded Accounts, each withdrawal method has its own expected timeframe for receiving funds:

Wise: Payment arrives in 1-3 business days
ACH: Payment arrives in 1-3 business days
Wire/SWIFT: Payment arrives in 3-5 business days
International Wire/SWIFT: Payment arrives in 5-10 business days

When traders can withdraw from Topstep?

Traders can withdraw from their funded accounts at Topstep any day and any time they want, but they must meet the conditions said earlier, which are achieving five winning trading days to withdraw up to 50% of their account balance, or reaching 30 winning days to request all of their balance at any moment.

How fast is Topstep’s payout process?

Topstep schedules payout requests daily, excluding weekends and public holidays. However, the time it takes for traders to receive their funds may vary based on the chosen payment method. The table below details the arrival duration for each payment method:

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

How does the payout process work at Topstep?

After accumulating 5 winning days, traders submit a payout request through a form in the Topstep app. Upon approval of the payout request and submission of all required forms (ACH/Wire/SWIFT information & KYC documents), Topstep initiates the fund transfer on the next business day. Then, traders should expect the arrival of their payment within a few days, according to the chosen withdrawal method.

So, here is how the payout process works at Topstep:

Accumulate 5 Winning Days: Ensure you achieve a Net PNL of $200+ in 5 days.
Request Payout: Submit a payout request via the Topstep app.
Submit Required Documents: Provide required ACH/Wire/SWIFT and KYC forms.
Await Approval: Topstep reviews and approves your request.
Fund Transfer: Funds are transferred the next business day post-approval.
Receive Payment: Receive your payout within a few days based on the withdrawal method.

what are Topstep’s payout restrictions?

Topstep enforces specific payout restrictions for traders:

Prohibited Countries: Traders from certain countries are not eligible for payouts due to legal and financial regulations. Here are the prohibited countries: Afghanistan, Albania, Algeria, Angola, Bahamas, Barbados, Belarus, Bosnia and Herzegovina, Botswana, Bulgaria, Myanmar, Burundi, Cambodia, Central African Republic, Cote D’Ivoire, Croatia, Cuba, Democratic Republic of 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: Payouts are not available from Trading Combine accounts; they’re only possible from Funded accounts (Express or Live Funded Accounts).
Minimum Payout: Traders cannot request payouts under $125.
Winning Days Requirement: Traders must have a specific number of winning days to request payouts, as previously mentioned.
Profit Split: There’s a 90/10 profit split after the first $10,000 of profits.

Topstep’s profit share policy is that traders get 100% of payout profits until they reach $10,000. After reaching $10,000 in profits, the percentage changes to 90/10, with traders receiving 90% and Topstep 10%. This policy is per trader, not per account, so it applies across all a trader’s Funded Accounts. Once total payouts hit $10,000, all future payouts follow the 90/10 split.

What to know about taxes on Topstep payouts?

Before making withdrawals at Topstep, understanding tax obligations is crucial. Here’s what traders need to know:

General: Traders are classified as independent contractors. Report only the earnings paid out as regular income.
US Citizens/Resident Aliens:
- Complete a W9 form to report earnings.
Non-US Citizens (Outside the US):
- Use the W-8 BEN form to declare foreign status and manage tax withholding.
International Guidance: Topstep does not provide non-US tax documents or advice. Follow your country’s tax laws and consult a tax professional.

does Topstep apply withdrawal fees?

Topstep does not apply withdrawal fees for payouts from the Express Funded Account or Live Funded Account. However, the withdrawal method chosen by the trader may apply its own fees. Common withdrawal methods include Wise, ACH, Wire/SWIFT, or International Wire/SWIFT, each of which may have specific fees associated with processing the withdrawal.

Does Topstep Pay Out?

Yes, Topstep pays out its traders. Topstep has been running since 2012, and day traders are happy with their program. There are many proofs of Topstep payments from traders around the world, including reviews, screenshots, and video testimonials. More than 2,700 reviews at Trustpilot confirm that Topstep is legit, with a rating of 4.6 out of 5 stars.

Verified Withdrawal Proofs from Topstep Traders

Here are a few actual proofs of Topstep payouts:

A video by Tanga Trades processing the payout.
A video by Damn Good Trading making a withdrawal.
A screenshot by Futures_trader100k confirming the payout.
Some Trustpilot reviews confirm payouts.

Will withdrawals alter Topstep’s trading rules?

Withdrawals (payouts) do indeed alter some of Topstep’s trading rules, specifically regarding the drawdown (Maximum Loss Limit) and the scaling plan (Maximum Position Size).

Drawdown: After a payout, the Maximum Loss Limit is set to the account’s starting balance, preventing the balance from going below $0. If payouts are taken before the limit is $0, it resets to $0. The remaining balance after a payout is the maximum loss possible.
Scaling Plan: Payouts can affect leverage and risk by altering the Maximum Position Size. If a payout lowers the account level, buying power adjusts accordingly, potentially reducing the number of tradable contracts.

Payouts do not impact other Topstep trading rules, such as trading hours and the range of permitted instruments.

Conclusion on Topstep Withdrawal and Payout policy

Topstep’s payout policy allows traders to request withdrawals after five winning trading days for up to 50% of their account balance, or after 30 winning days for 100% of their profits. At Trading Funder, we found that payouts are processed daily, though it can take up to 10 days depending on the withdrawal method. Options include Wise, ACH, and international wire transfers. With a minimum withdrawal of $125, and traders keeping 100% of the first $10,000 in profits before shifting to a 90/10 split, Topstep offers flexibility for traders while maintaining clear withdrawal requirements.