FTMO vs Topstep—which prop firm is better for you in 2025? Choosing the wrong one could mean wasted money, frustrating rules, and missed profits. With so many differences in funding, profit splits, and risk management, it’s easy to feel stuck. But don’t worry—this guide makes comparing both firms easy and finding the perfect fit for you.
FTMO vs Topstep: Quick Overview
 |
 |
|
|---|---|---|
Founded |
2015 (Czech Republic) |
2012 (United States) |
Market Focus |
Forex, Indices, Commodities, Stocks, Crypto |
Futures Only |
Evaluation Model |
Two-phase challenge (fixed fee) |
Two-step evaluation (subscription-based) |
Profit Split |
80% – 90% |
90% |
Max Account Size |
Up to $400,000 (scalable) |
Up to $150,000 (scalable) |
Trading Platforms |
MT4, MT5, cTrader |
Tradovate |
Drawdown Type |
Fixed drawdown |
Trailing drawdown |
News Trading |
Allowed (with conditions) |
Restricted |
Weekend Holding |
Allowed (with restrictions) |
Not allowed |
Payout Frequency |
Bi-weekly |
Weekly |
Refundable Fees? |
FTMO vs Top step: Company Background
FTMO and Topstep are two of the biggest names in the prop trading space, but they cater to different types of traders. FTMO, founded in 2015 and based in the Czech Republic, is well-known for its structured evaluation process, generous profit splits, and trader-friendly scaling plans. It focuses mainly on Forex, indices, commodities, stocks, and crypto, making it a top choice for traders who want access to a wide range of assets.
If you’re interested in learning more about FTMO’s offerings, evaluation process, and overall benefits, be sure to check out our full review of FTMO.
On the other hand, Topstep, founded in 2012 and based in the United States., has built a strong reputation in the futures trading world. It was one of the first firms to introduce the funded account model, and its main focus is providing traders with capital to trade futures contracts on major exchanges. Unlike FTMO, which operates globally with a fixed-fee challenge model, Topstep offers a subscription-based model, making it a unique option for traders who prefer ongoing access to evaluations rather than a one-time fee. If you’re curious about whether Topstep is the right fit for your trading style, take a look at our review of Topstep.
While both firms provide traders with capital in exchange for proving their skills, their approach to getting funded is quite different. This brings us to the next crucial aspect: how traders qualify for a funded account.
Evaluation Process & Challenge Structure
FTMO uses a two-step evaluation to assess a trader’s skills before granting them a funded account. Step one is the FTMO Challenge, where traders must hit a profit target (e.g., 10% in 30 days) while respecting risk limits such as daily and overall drawdowns. If successful, they move to the Verification phase, which has a lower profit target (5%) and no time pressure to complete trades. Once both phases are passed, the trader receives a funded account and can start withdrawing profits. A major advantage is that FTMO refunds the challenge fee once traders pass and get funded.
Topstep also has a two-step evaluation, but its structure is tailored for futures traders. Step 1 requires traders to reach a profit target while following risk rules, such as a trailing drawdown that moves with account gains. In Step 2, traders must continue trading consistently without violating any risk parameters.
Unlike FTMO, Topstep does not require traders to complete the evaluation within a fixed number of days, which can be beneficial for those who prefer a slower approach. However, traders must maintain a monthly subscription to remain in the evaluation.
In simple terms, FTMO is better for traders who want a one-time challenge fee with clear, fixed rules, while Topstep suits futures traders who prefer a flexible timeline with a subscription model. Both firms test discipline, risk management, and profitability, but the choice depends on the trader’s style and market preference.
FTMO vs Topstep: Funding & Payouts
Once traders pass the evaluation, FTMO and Topstep provide them with a funded account, but the way they handle payouts and scaling differs significantly.
FTMO offers account sizes ranging from $10,000 to $200,000, with a standard 80/20 profit split in favor of the trader. If a trader proves consistent, they can qualify for the Scaling Plan, which increases capital by 25% every four months, up to $2 million. Payouts are processed bi-weekly or even sooner upon request, making it one of the most trader-friendly models in the industry.
Topstep funds traders with accounts between $50,000 and $150,000, but unlike FTMO, traders must first prove consistency in a live simulation account before receiving real capital. The profit split is 90/10 in favor of the trader, which is higher than FTMO’s base split. However, Topstep enforces a trailing drawdown, meaning traders must maintain strong risk management to avoid disqualification. Payouts are processed on a weekly basis, but traders must meet a minimum withdrawal amount.
In short, FTMO provides larger account sizes and faster access to payouts, while Topstep offers a higher profit split but requires an extra step before trading real capital. The best option depends on whether a trader values higher capital upfront or a more gradual transition to live trading.
Trading Instruments & Platforms
FTMO offers a diverse range of trading instruments, including Forex, indices, commodities, stocks, and cryptocurrencies, making it a strong choice for traders who want variety. Traders can execute trades on MetaTrader 4 (MT4), MetaTrader 5 (MT5), and DXtrade, which are widely used platforms known for advanced charting and automation features.
Topstep, however, specializes exclusively in futures trading, offering access to major contracts like the S&P 500 (ES), Nasdaq (NQ), crude oil (CL), and gold (GC). It provides traders with Tradovate, a professional-grade futures trading platform with direct market access, fast execution, and advanced order management tools.
The key difference between FTMO vs Topstep is clear here. FTMO is ideal for traders who want flexibility across multiple asset classes. On the other hand, Topstep is the go-to choice for futures traders who need deep liquidity and professional execution.
Topstep vs FTMO: Trading Rules & Restrictions
Both FTMO and Topstep have strict risk management rules, but they apply them differently. FTMO enforces a maximum daily drawdown (usually 5%) and a total maximum loss (typically 10%) to ensure traders stay disciplined. Holding trades over the weekend is not allowed on standard accounts, though FTMO offers an “FTMO Swing” account for traders who want more flexibility. News trading is permitted, meaning traders can open and close positions around high-impact news events without restrictions.
Topstep, being a futures-focused firm, has slightly different rules. It uses a trailing drawdown, which means the account’s max loss limit moves up as traders make profits, making risk management more challenging. Unlike FTMO’s fixed drawdown, the trailing stop forces traders to be extra cautious with profits. Holding trades overnight and over the weekend is allowed only after passing the evaluation and getting funded, which gives Topstep traders more flexibility post-evaluation. However, news trading is restricted, so traders cannot execute trades during major economic events.
In short, FTMO offers fixed and predictable risk limits, while Topstep uses a dynamic trailing drawdown that can be tricky for some traders. FTMO also gives more freedom with news trading, whereas Topstep provides more flexibility for holding positions long-term—but only after funding. The choice comes down to a trader’s preferred risk structure.
Topstep vs FTMO: Costs & Fees
FTMO and Topstep take different approaches when it comes to pricing. FTMO requires a one-time fee for each challenge, which varies based on the account size. For example, a $100,000 FTMO Challenge costs around $540, but this fee is fully refunded once the trader passes and gets funded. There are no recurring costs—once a trader completes the evaluation, they don’t have to pay anything else.
Topstep, however, operates on a subscription model. Traders pay a monthly fee (starting at around $49 for a $50,000 account) to stay in the evaluation phase.
If they take longer to pass, the costs can add up. However, unlike FTMO, Topstep does not require a new fee to restart if a trader fails—the subscription keeps them in the game. This makes it more suitable for traders who prefer unlimited attempts without repaying a full challenge fee each time.
Ultimately, FTMO is the better choice for traders who want a one-time cost with a refund, while Topstep suits those who prefer a pay-as-you-go model with unlimited chances. If you’re confident in your skills and want a clear upfront cost, FTMO is ideal. But if you prefer flexibility without worrying about repaying full fees after failing, Topstep might be the better fit.
Customer Support
Great customer support can make a huge difference, especially for traders navigating the challenges of a prop firm evaluation. FTMO offers responsive customer service through live chat, email, and phone support. Their team is known for quick response times and clear answers, making it easy for traders to resolve issues. They also provide multilingual support, which is a huge advantage for traders around the world.
Topstep, on the other hand, is equally committed to trader support but takes a more community-driven approach. They offer live chat, email, and even coaching calls for traders who need extra guidance. What sets Topstep apart is its strong online community, where traders actively share experiences, strategies, and tips. Their social media presence, Discord groups, and regular live webinars create a more interactive learning environment compared to FTMO, which is more focused on self-guided trader education.
For traders who value direct and efficient customer support, FTMO takes the edge. But if you prefer an active trading community where you can engage with other traders and mentors, Topstep is the better choice.
Additional Features & Benefits
Beyond funding accounts, both FTMO and Topstep offer extra tools to help traders succeed. FTMO provides a free trial, so traders can test their strategies before committing to the challenge. They also offer trading psychology resources, performance analytics, and risk management tools that help traders refine their skills. Their educational content is solid, but it’s mostly self-paced, meaning traders have to take the initiative to learn on their own.
Topstep, however, stands out with its one-on-one coaching sessions and structured educational programs. They frequently host live webinars and workshops, offering direct mentorship that can be incredibly valuable for traders looking to sharpen their skills. Additionally, Topstep’s simulated trading environment allows traders to practice risk-free before taking on real capital.
If you’re looking for advanced analytics and risk management tools, FTMO is the better choice. But if you prefer hands-on coaching and a more structured learning experience, Topstep offers more in terms of mentorship and education.
Topstep vs FTMO: Pros & Cons
Both FTMO and Topstep offer great opportunities for traders, but each has its own strengths and weaknesses.
FTMO Pros:
✔ Higher profit splits (80%-90%)
✔ One-time evaluation fee (refunded upon passing)
✔ Wide range of tradable assets (Forex, indices, commodities, stocks, crypto)
✔ Advanced risk management tools and analytics
✔ No trailing drawdown once funded
FTMO Cons:
✖ Strict evaluation with time limits
✖ No futures trading available
✖ Less interactive trader community
Topstep Pros:
✔ Strong futures trading focus
✔ No time limit on evaluations
✔ Active trader community and coaching support
✔ Subscription model allows reattempts without paying a large upfront fee
✔ 90% profit split once funded
Topstep Cons:
✖ Only supports futures trading (no Forex, stocks, or crypto)
✖ Trailing drawdown remains in place even after funding
✖ Monthly subscription costs can add up if evaluations take longer
FTMO vs. Topstep: Which Firm Should You Choose?
The right choice depends entirely on your trading style and goals. If you trade Forex, indices, stocks, or crypto, then FTMO is the clear winner because Topstep only funds futures traders. If you prefer trading futures, then Topstep is the better option since it’s specifically built for that market.
Beyond asset selection, your approach to evaluation also matters. FTMO suits traders who want a fixed-fee, structured challenge with clear targets and rules. You either pass or fail, and if you succeed, your evaluation fee gets refunded. Topstep, however, is ideal for traders who prefer a flexible, subscription-based model with no time pressure.
Risk tolerance is another key factor. If you don’t want to deal with a trailing drawdown, which can limit profitability even after funding, FTMO is the better choice. But if you value coaching, a strong community, and futures-focused mentorship, Topstep has more to offer.
Conclusion
Choosing between FTMO and Topstep isn’t about which firm is “better”—it’s about which one aligns with your trading needs. A Forex or crypto trader won’t find much value in Topstep, just as a futures trader won’t benefit from FTMO. Likewise, a trader who thrives under a clear, one-time challenge might struggle with a subscription model, while another who prefers a flexible timeline might find FTMO too rigid.
So before making your decision, think about what you trade, how you trade, and what kind of funding structure works best for you. A great trader can succeed with either firm—what matters most is choosing the one that gives you the best chance to reach your full potential.
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FAQs
1. Is FTMO better than Topstep?
It depends on what you trade and how you prefer to get funded. FTMO is better for Forex, indices, stocks, and crypto traders who want a one-time challenge fee and higher profit splits. Topstep is better for futures traders who prefer a subscription-based evaluation with no time limits.
2. Which firm has the better profit split?
Both offer high profit splits, but Topstep offers 90% from the start, while FTMO starts at 80% and can scale up to 90%. However, FTMO has no trailing drawdown, making it easier to retain profits.
3. Does Topstep refund the evaluation fee like FTMO?
No, Topstep does not refund the evaluation fee, since it operates on a subscription model. FTMO refunds the challenge fee once you pass the evaluation and get funded.
4. Which firm has stricter trading rules?
FTMO has fixed time limits and strict profit targets, but once funded, rules are relaxed. Topstep has no time limits but enforces a trailing drawdown even after funding, making risk management more challenging.
5. Can I hold trades over the weekend with FTMO or Topstep?
FTMO allows swing trading and weekend holding on certain accounts. Topstep does not allow overnight or weekend holding unless a trader qualifies for specific account upgrades.
6. Which firm is better for beginners?
Topstep is better for beginners because it offers coaching, community support, and a flexible evaluation timeline. FTMO suits experienced traders who can meet strict targets within a set timeframe.