Take Profit Trader vs TopStep: Comparing These Two Prop Firms  - The European Business Review (2024)

If you’re one of the successful traders, familiar with the prop trading scene, chances are you’ve come across both TopStep and Take Profit Trader. But if you’re still trying to wrap your head around what sets these two apart, you’ve landed in the right place. In this comparison of Take Profit Trader vs TopStep, I’ll walk you through the crucial details you need to know.

Both platforms give traders a stage to prove their mettle and earn funding. Yet, they’re distinct in their offerings, perks, and obstacles. Let’s dive into the Take Profit Trader vs TopStep comparison to uncover what makes each platform stand out and how they cater to different trading needs and goals.

Take Profit Trader Background

Take Profit Trader, founded by James Sixsmith, is a prop company that has made a significant mark in the futures market. At its core, the firm aims to revolutionize how traders approach the market by implementing quality risk management and boosting their trading skills.

It’s not just about giving traders the opportunity to handle significant capital without dipping into their own pockets; it’s also about nurturing their growth through an impressive suite of educational materials now offered at no cost.

What sets Take Profit Trader apart in the crowded space of prop trading is its commitment to clarity and straightforwardness. This firm believes that success stems from clear trading rules and continuous development to develop a deep understanding of market dynamics, rather than just crunching numbers or resetting positions.

This approach to trader development has shaped a trading environment that encourages sustained profitability and skill enhancement, distinguishing it from competitors by prioritizing education and straightforward trading guidelines.


Founded in 2012 by Michael Patak, TopStep initially started at the Chicago Board of Trade but has grown into a leading online proprietary trading firm. Their unique Trading Combine® offers a risk-free, simulated futures trading environment, attracting a diverse range of traders globally. The firm boasts participants from 143 countries and provides accounts in 10 different currencies, highlighting its commitment to inclusivity and accessibility.

TopStep supports 14 different trading platforms, making it adaptable for a wide audience. Its educational offerings, including extensive resources and live classes, position it as a valuable platform for traders at all levels seeking to enhance their skills without the financial risks typical of the markets.

Take Profit Trader vs TopStep: The Pros & Cons

Take Profit Trader Pros & Cons


  • Withdrawals can be made without any minimum trading days, facilitating immediate access to earnings.
  • The withdrawal process is swift, enhancing trader convenience.
  • Traders enjoy an 80% share of the profits, which is generous in the industry.
  • Pro accounts benefit from three resets, offering flexibility in strategy adjustments.
  • A diverse array of trading platforms caters to different preferences.
  • Offers a good variety of futures instruments, expanding trading opportunities.
  • Pro accounts require only a one-time fee, making it a cost-effective option.
  • Profit targets are set realistically, aligning with achievable trading outcomes.
  • Regular trading competitions incentivize performance with attractive prizes.
  • High-quality customer support ensures trader queries and concerns are promptly addressed.


  • The platform currently does not support trading in forex, stocks, or cryptocurrencies.
  • MetaTrader platforms, a popular choice among traders, are not available.
  • Automated trading strategies are not allowed, limiting those who prefer or rely on such methods.
  • Restrictions include not holding positions overnight or during major news events, which can limit trading flexibility.
  • A monthly fee is charged for evaluations, adding to the cost for traders.
  • Free trials are not offered, which could deter potential users from trying the platform without commitment.

TopStep Pros & Cons


  • The platform provides manageable starting capital requirements, making it accessible for a broader range of traders.
  • There’s substantial support for a variety of popular trading platforms, accommodating different user preferences.
  • An extensive selection of educational resources, including live classes, aids trader development significantly.
  • A 14-day trial period is available, allowing newcomers to explore services without immediate commitment.
  • Once traders successfully navigate the Trading Combine, they can access up to three Express Funded accounts, enhancing their trading journey.
  • Traders have the option to use one of 16 trading platforms, with five available at no additional cost, offering exceptional flexibility.
  • An attractive profit share structure is in place, with traders receiving 80% of profits after the initial $10,000, which they keep entirely.


  • The criteria for acquiring funding can be tough, potentially deterring less experienced traders.
  • Despite reductions, membership fees may still pose a barrier for some individuals considering the platform.
  • The focus is solely on futures trading, which means the asset selection is somewhat limited compared to platforms offering broader options.
  • A minimum payout of $125 and the restriction to bank wire transactions only could inconvenience some traders regarding access to their funds.

Who Take Profit Trader is Better For

Take Profit Trader caters especially to futures traders who prioritize quick access to their funds. The platform stands out by offering an 80% profit share accompanied by an expedited withdrawal system. For those opting for pro accounts, the advantage of having three resets is available, significantly increasing trading flexibility.

A broad array of trading platforms accommodates various trading preferences and strategies. Moreover, the emphasis on achievable profit goals, coupled with frequent trading contests, adds an appealing competitive edge.

For traders aligned with these features, looking for speed, flexibility, and variety, Click Here to explore what Take Profit Trader can offer you.

Who TopStep is Better For

TopStep is particularly well-suited for novice day traders aiming for growth and success in the trading field. The service accommodates a variety of well-known trading platforms, meeting the needs of diverse trading styles. With an array of educational resources, including live classes, it’s an ideal choice for those eager to expand their trading knowledge.

It’s also a great fit for individuals who value strong customer support to assist with their trading journey. Additionally, the focus on attainable profit goals and the organization of frequent trading contests further enhance its appeal.

If you’re a beginner in day trading or someone seeking comprehensive support and educational opportunities, Click Here to discover more about what TopStep can offer.

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Disclaimer: This article contains sponsored marketing content. It is intended for promotional purposes and should not be considered as an endorsem*nt or recommendation by our website. Readers are encouraged to conduct their own research and exercise their own judgment before making any decisions based on the information provided in this article.

Take Profit Trader vs TopStep: Comparing These Two Prop Firms  - The European Business Review (2024)


Is Topstep better than take profit trader? ›

Take Profit Trader is lauded for its 80% profit share and the allure of instant withdrawals, providing traders with rapid access to their earnings. Although TopStep offers a slightly higher profit split of 90%, the ease and immediacy of fund access at Take Profit Trader give it a competitive edge.

Is Topstep better than FTMO? ›

For larger futures accounts, Topstep may be preferable. But FTMO is better for smaller forex accounts.

What is the profit of a Topstep trader? ›

What is the profit split? After the first $10,000 in funds has been received by the trader, the profit split will become 90/10. The trader receives 90% of payouts and Topstep retains 10% of the requested payout. This is per trader, not per account.

Who is Topstep competitor? ›

Top 3 Competitors & Alternatives to topstep.com

The closest competitor to topstep.com are topsteptrader.com, quantower.com and tradovate.com. To understand more about topstep.com and its competitors, sign up for a free account to explore Semrush's Traffic Analytics and Market Explorer tools.

Does Topstep allow scalping? ›

So What's NOT Allowed? Examples of gaming the Topstep simulator include but are not limited to: Running “scalping” algorithms in the SIM environment to take advantage of unrealistic fills. Making hundreds of rapid trades to take advantage of preferential queue position in SIM.

Can you make money with topstep? ›

Topstep has the best payout policy in the industry that allows disciplined traders to take weekly payouts. The best part? You get access to 100% of your profits after accumulating 30 winning trading days.

How many FTMO traders fail? ›

The FTMO challenge has a reputation for being extremely difficult to pass. Across FTMO's various account levels, it is estimated that only around 10% of traders are able to successfully complete the evaluation and become a funded trader. This means approximately 90% of those who attempt the challenge end up failing.

How long does it take to get funded on Topstep? ›

You will receive your Express Funded Account within 1-2 business days after you have paid the Activation Fee, as long as you use the same email address as what's listed on your Topstep Profile.

Is FTMO the best prop firm? ›

FTMO Investment Options

One of the main reasons why FTMO is a good prop firm is their investment options. They offer traders the opportunity to trade with their own capital, as well as access to additional capital from FTMO.

Which prop firm is the best? ›

#1 – Funder Trading

Funder Trading stands first in our list of the top prop trading firms in 2024 due to multiple reasons but notably it is the only prop trading firm that offers options funding and includes coaching for every trader signed up.

Does Topstep have a monthly fee? ›

Your Trading Combine subscription will rebill monthly from the sign-up date until you pass. The Trading Combine subscription automatically ends once you pass, and there is no monthly subscription fee in the Express Funded Account.

Is TopstepTrader good? ›

TopstepTrader has an employee rating of 4.1 out of 5 stars, based on 38 company reviews on Glassdoor which indicates that most employees have an excellent working experience there.

Who owns Topstep? ›

Topstep was started on the floor of the Chicago Board of Trade by current CEO and former Dow futures contracts floor trader, Michael Patak, and became an LLC (Limited Liability Company) in July, 2012.

What is the number one trading platform? ›

Summary: Best Online Brokerage
CompanyForbes Advisor RatingBEST FOR
Interactive Brokers4.4Best Online Broker For Traders
TD Ameritrade4.4Best Online Broker For Beginners And Best For Mobile App Users
Fidelity Investments4.4Best Online Broker For Everyday Investors
Charles Schwab4.3Best Online Broker For Customer Service
1 more row
Apr 1, 2024

Is Topstep regulated? ›

Is Topstep regulated? No. Like most prop firms, Topstep is not regulated. Since prop firms trade with their own money, do not seek funds to invest on others' behalves, and don't act as broker/dealers, they are not subject to US financial regulations.

Which type of trader is most successful? ›

Day trading offers rapid profits but demands quick decision-making, while position trading requires patience for long-term gains. Forex and cryptocurrency trading provide access to global markets, while options and algorithmic trading introduce sophisticated strategies.

What is the most profitable trading platform? ›

Best Online Brokerage Accounts and Trading Platforms of 2024
  • Best Overall: Fidelity.
  • Best for Low Costs: Fidelity.
  • Best for Beginners: Charles Schwab.
  • Best for Advanced Traders: Interactive Brokers.
  • Best for ETFs: Fidelity.
  • Best for Options Trading: tastytrade.
  • Best for International Trading: Interactive Brokers.

What is the most profitable trader? ›

1. George Soros. George Soros, often referred to as the «Man Who Broke the Bank of England», is an iconic figure in the world of forex trading. His net worth, estimated at around $8 billion, reflects not only his financial success but also his enduring influence on global markets.

Which trading strategy has the highest success rate? ›

Indicator-Based Directional Trading

This strategy uses an indicator to determine the direction of the trade. The indicator provides a clear signal when it's time to enter or exit a trade, making it easy to work with. Traders who use this strategy can expect to see consistent results and high success rates.

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