After winning the Trading Combine Challenge, Topstep traders will receive a funded trading account and the opportunity to withdraw their profits after meeting with the Topstep Payout and Withdrawal policy. As they make profits, they will receive their due share.

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

The Topstep payout process is made daily, but depending on the payment method chosen by the trader, it can take up to 10 days to receive it.

This article will explain the Topstep payout and withdrawal structure and the policy behind it, the payout process, and crucial considerations such as methods, duration, fees, restrictions, and Tax involved.

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 methodDuration
Wise1-3 business days
ACH1-3 business days
Wire/SWIFT3-5 business days
International Wire/SWIFT5-10 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:

  1. Accumulate 5 Winning Days: Ensure you achieve a Net PNL of $200+ in 5 days.
  2. Request Payout: Submit a payout request via the Topstep app.
  3. Submit Required Documents: Provide required ACH/Wire/SWIFT and KYC forms.
  4. Await Approval: Topstep reviews and approves your request.
  5. Fund Transfer: Funds are transferred the next business day post-approval.
  6. 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.

What is the Topstep profit share?

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:

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.

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