Prop firms · Futures

Topstep Challenge: Simulated Pass Rate, Rules & Real EV (2026)

This page answers three questions for Topstep: what the actual eval and funded-account rules are, how a real trader profile fares against them across 10,000 simulated runs, and whether the long-run expected value justifies the eval fee. Rules verified as of 2026-07-15. Independent — not affiliated with Topstep.

The ruleset

Account sizes$50k · $100k · $150k
Eval cost (mid tier)$165
PhasesOne-phase
Profit target6%
Max drawdownTrailing (EOD) · 4%
Daily loss limit2%
Consistency ruleNone
Min trading days2
Max daysUnlimited
Profit split (funded)100%
Payout buffer1%
Min profitable days (funded)5
Trailing on fundedYes
Payout frequencyEvery 4 days

Simulated results

Three trader profiles, 10,000 simulated evaluations each against Topstep's exact rules. Pass rate is the eval only. Payout is conditional on passing. Joint withdrawal is the probability of reaching a first payout end-to-end. P&L is expected value over 50 attempted challenges at the mid-tier account.

Scalper · 58% wr · 6/day
Pass
17.9%
Payout
73.0%
Joint withdrawal
13.1%
P&L · 50 runs
-$225
Balanced · 50% wr · 3/day
Pass
0.5%
Payout
46.6%
Joint withdrawal
0.5%
P&L · 50 runs
-$8k
Swing · 42% wr · 1/day
Pass
0.5%
Payout
49.5%
Joint withdrawal
0.5%
P&L · 50 runs
-$8k

Why traders fail this challenge

Failure breakdown from the balanced-archetype simulation. This is what typically ends a Topstep run — not what traders think ends it.

Trailing / max drawdown breach13%
Daily loss limit hit77%
Ran out of time / never reached target10%
Consistency rule violation0%

Rules explained

How Topstep's drawdown works

Topstep uses a trailing (eod) drawdown of 4% of the starting balance. End-of-day trailing only ratchets against your closing equity, which is materially easier than intraday trailing. See trailing drawdown explained for the full mechanics.

How the daily loss limit is calculated

Topstep caps intraday drawdown at 2% of the account. It's evaluated end-of-day on realised P&L, and a single losing session over the cap ends the challenge — not just the day.

Consistency rule

Topstep has no consistency rule on the standard evaluation. See the consistency rule explained for the full mechanics and how it changes your real pass rate.

Is Topstep worth it?

Topstep is the industry veteran and has the cleanest funded-account structure — no consistency rule at any stage, real payouts on schedule. The Trading Combine is one of the tougher single-phase evaluations because of the strict daily loss and the trailing max loss on both eval and funded. Traders who blow up on daily-loss gates elsewhere blow up here too.

Frequently asked

What is Topstep's trailing drawdown?+

Topstep uses a trailing (eod) drawdown of 4% of the starting balance. This is the single biggest driver of long-run pass rate for most traders.

What win rate do you need to pass Topstep?+

Not a fixed number. Our simulator runs three archetypes against Topstep's exact rules: the balanced 50%-win-rate trader passes 0.5% of the time; the scalper archetype and swing archetype produce meaningfully different numbers on the firm page above. Passing is a function of edge, variance, and how the ruleset punishes lumpy P&L — not win rate in isolation.

How much does Topstep cost long-term?+

The mid-tier Topstep evaluation is $165. Over 50 attempted challenges, our balanced-archetype simulation nets -$8k — that's eval fees paid on failures netted against payouts collected on the joint 0.5% of runs that reach a withdrawal.

Does Topstep have a consistency rule?+

No consistency rule on the evaluation for the standard plan. Verify current terms — firms add and remove these rules regularly.

Is Topstep worth it in 2026?+

Topstep is the industry veteran and has the cleanest funded-account structure — no consistency rule at any stage, real payouts on schedule. The Trading Combine is one of the tougher single-phase evaluations because of the strict daily loss and the trailing max loss on both eval and funded. Traders who blow up on daily-loss gates elsewhere blow up here too.

Run YOUR numbers against Topstep's ruleset

The archetypes above are examples. Feed your own win rate, average win/loss and trades per day into the simulator to see your real pass and payout probability at Topstep.

Run my simulation

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Based on publicly listed rules as of 2026-07-15. Independent — not affiliated with Topstep. Rules change; verify with the firm before paying. Simulations are estimates based on a barrier-crossing model of daily P&L, not guarantees.