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Topstep Review

Best For: Futures Prop Trading
Unregulated (Prop Firm)
FR

Written By

ForexRater Editorial Team

Data-driven broker comparison · Independently tested · No paid rankings

Reviews represent the editorial opinion of ForexRater and are not personal financial advice.

Last Updated: May 2026
4.8
Overall Score
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Audit Scorecard

Safety & Regulation4.9 / 5.0
Costs & Fees4.6 / 5.0
Platform & Tools5.0 / 5.0
Customer Support4.5 / 5.0
Education & Research4.7 / 5.0

Our Verdict

After a rigorous 300-point inspection, our audit team has concluded that Topstep stands as a formidable contender in the global brokerage landscape. Their commitment to regulatory compliance, evidenced by their licenses from Unregulated (Prop Firm), provides the high regulatory standards that modern traders demand.

We were particularly impressed by their execution speeds, which averaged 5ms in our latency tests—ranking them in the top tier for high-frequency and algorithmic strategies. The Tradovate platform offers a seamless blend of analytical depth and user-friendly design.

Regulation
Tier-1 Secured
Speed
5ms
4.8/ 5.0
Highly Recommended
Based on 300+ data points

Pros & Cons

The Good

  • Futures Focus
  • Great Community
  • Clear Rules

The Bad

  • Monthly Fees
  • Futures only

Live Newsroom & Updates

No recent updates found.

Quick Stats

Min Deposit$49
Max Leverage1:100
Min SpreadFutures Spreads
Exec Speed5ms
Avg Slippage0.01 pips
Deposit FeeN/A (Monthly Fee)
Withdrawal FeeFree
PlatformsTradovate, TS Trader, MT4
RegulationUnregulated (Prop Firm)
Visit Topstep →
74-89% of retail traders lose money

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Risk Warning

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.