Compare / FTMO vs Topstep

FTMO vs Topstep

Two of the most established prop firms compared side-by-side. FTMO leads on payout integrity for forex traders; Topstep is the default for futures-only traders.

FTMO
77/100
Strong
Topstep
60/100
Adequate

FTMO scores 17.3 higher under TVSM-PF/2.0.2.

Payout split

FTMO80% standard (90% after scaling plan)
Topstep90% (flat for new traders as of Jan 12, 2026)

Max funded

FTMO$200,000
Topstep$150,000 (Express Funded Account)

Payout cap

FTMONone
Topstep$2,000/payout Standard, $3,000/payout Consistency — new $50K accounts from Apr 28, 2026

Drawdown model

FTMOStatic (max 10% from initial balance)
TopstepTrailing EOD MLL — ratchets up with peak end-of-day balance, never resets down

Min trading days

FTMO4
Topstep5 winning days required before payout request

Challenge fee

FTMOEUR 155–1,080
Topstep$49–$149/month subscription

Fee refundable

FTMOYes — refunded with first payout
TopstepNo — subscription model, no refund on payout

News trading

FTMORestricted — 2-minute window before/after named events on funded account (evaluation: unrestricted)
TopstepAllowed — no restrictions on futures news trading

Platforms

FTMOMT4, MT5, cTrader, DXtrade
TopstepTopstepX (proprietary, mandatory as of 2026)

Payout schedule

FTMOOn demand (min 14 days after first trade)
TopstepOn demand after 5 winning days — processed 1-3 business days
Specification
FTMO
77/100
Strong
Topstep
60/100
Adequate
Payout split80% standard (90% after scaling plan)90% (flat for new traders as of Jan 12, 2026)
Max funded$200,000$150,000 (Express Funded Account)
Payout capNone$2,000/payout Standard, $3,000/payout Consistency — new $50K accounts from Apr 28, 2026
Drawdown modelStatic (max 10% from initial balance)Trailing EOD MLL — ratchets up with peak end-of-day balance, never resets down
Min trading days45 winning days required before payout request
Challenge feeEUR 155–1,080$49–$149/month subscription
Fee refundableYes — refunded with first payoutNo — subscription model, no refund on payout
News tradingRestricted — 2-minute window before/after named events on funded account (evaluation: unrestricted)Allowed — no restrictions on futures news trading
PlatformsMT4, MT5, cTrader, DXtradeTopstepX (proprietary, mandatory as of 2026)
Payout scheduleOn demand (min 14 days after first trade)On demand after 5 winning days — processed 1-3 business days
Visit FTMOVisit Topstep

The verdict

Choose FTMO if you trade forex and want the strongest payout record — 90% split, no payout cap, and a decade of verified consistency. Their static drawdown model is the most forgiving for swing traders. Choose Topstep if you trade CME futures exclusively. Their platform integration, Combine structure, and established futures community still make it the default for futures prop traders — though the April 2026 payout-cap cut to $2,000/payout is a material change worth weighing.

Visit FTMOTopstep — research only →

Verify regulator standing

Cross-check both firms against NFA BASIC, FCA Register, CFTC, and the CME Group rulebook for futures drawdown rule context. FTMO: trader.ftmo.com.