Topstep is a Chicago futures prop firm, founded in 2012 as TopstepTrader, that sells a simulated evaluation called the Trading Combine and shares profits with traders who pass it. It is not a regulated broker and no financial regulator licenses the funding program, although its separate arm, Topstep Brokerage, is reported to be a CFTC-registered introducing broker and NFA member that clears through Plus500US. It suits futures traders who want to trade CME Group contracts without putting up their own trading capital; it does not cover forex or CFDs and does not serve citizens or residents of 34 restricted jurisdictions, including Russia, Turkey, Nigeria and Pakistan.
Visit TopstepRisk warning: Trading carries a high risk of losing money, especially with leveraged products such as CFDs. A bonus does not reduce that risk. Only deposit what you can afford to lose.
Topstep
New Topstep traders get 15% off their first Trading Combine purchase by entering a trader referral code at checkout. Topstep publishes no public coupon codes, so the code has to come from an existing Topstep trader.
Topstep
Topstep takes $10 (50K), $20 (100K) or $30 (150K) off the monthly price of a No Activation Fee Trading Combine when you add a Daily Loss Limit at purchase. No code is needed and the discount recurs every month.
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Topstep was founded in Chicago in 2012 as TopstepTrader and is run by CEO Michael Patak. It is a proprietary trading and funding program for CME Group futures (CME, CBOT, NYMEX and COMEX contracts, including micros), traded on its own platform, TopstepX. Clearing and technology run through Plus500US, according to October 2025 press reports.
The model works like this. You pay a monthly subscription for a Trading Combine, which is a simulated account. If you hit the profit target without breaking the risk rules, you earn an Express Funded Account, which is still simulated but pays real money out of simulated profits, with a profit split of up to 90% subject to payout caps. Some traders later move to a Live Funded account. You pay Topstep fees; you do not deposit trading capital with it.
Most traders do not pass. Topstep's own 2025 funnel data, as cited by review sites, put the share of Combines that reached the funded stage at about 17%. For most people the subscription is the cost of an attempt, and the fee keeps billing each month until you pass or cancel.
The Trading Combine comes in 50K, 100K and 150K sizes on two paths. The Standard Path costs $49, $99 or $199 a month, plus a one-time $149 activation fee for each Express Funded Account you earn. The No Activation Fee Path costs $95, $149 or $229 a month with no activation fee. You pick the path at purchase and cannot change it later. A reset costs the same as one month of the Combine, and each monthly rebill adds one free reset credit. Level 2 market data is an optional $38 a month.
To pass, you reach a profit target of $3,000, $6,000 or $9,000 without letting the balance touch the Maximum Loss Limit of $2,000, $3,000 or $4,500. That limit trails your end-of-day balance but is monitored in real time, including open losses. A consistency rule also applies: your best single day must stay within 55% of the profit target, or the target rises.
Topstep has no deposit bonus, since you do not deposit trading capital. Its offers are discounts on the Combine fee. Topstep states that it does not publish public coupon codes, so codes on coupon sites are not official offers.
The first is the referral code program, launched on September 24, 2026. Every Topstep trader has a personal code on their trader profile, and a new trader who enters it on a first Trading Combine purchase gets 15% off. It works once per person, cannot be stacked with other promotions and does not apply to resets. Topstep's help center says the first month is billed at the promo price, so treat it as a first-month saving. Codes last 180 days.
The second is the Responsible Trading Discount. If you add a Daily Loss Limit when you buy a No Activation Fee Combine, Topstep takes $10 (50K), $20 (100K) or $30 (150K) off every monthly renewal, and $50 off a Back2Funded reactivation. No code is needed. The trade-off is that the Daily Loss Limit is fixed at purchase and carries into your funded account.
Topstep's funding program is not regulated, so no financial regulator or compensation scheme stands behind the evaluation, the fees or the payouts. Topstep Brokerage, a separate business, is reported in the press to be a CFTC-registered introducing broker and NFA member clearing through Plus500US, a CFTC-registered futures commission merchant. We found no regulator warnings or IOSCO alerts naming Topstep.
Eligibility depends on citizenship and residency. Citizens or residents of 34 listed jurisdictions, including Russia, Turkey, Nigeria, Kenya, Pakistan, Iran and Venezuela, cannot trade, earn funding or receive payouts. Traders in 25 more jurisdictions, including Germany, Hong Kong and Vietnam, can reach Express Funded Accounts but not Live Funded accounts. Topstep can change these lists at any time.
Not a cash bonus. Topstep offers discounts on the Trading Combine fee: 15% off a first Combine with a referral code from an existing trader, and $10 to $30 off each month on the No Activation Fee Combine when you add a Daily Loss Limit.
Topstep publishes no public coupon codes, so codes listed on coupon sites are not official. The official equivalents are a referral code from an existing Topstep trader (15% off your first Trading Combine) and the Responsible Trading Discount, which needs no code and applies when you add a Daily Loss Limit.
No. Topstep is a funding program, not a regulated broker, and the Trading Combine is a simulated evaluation. Its separate arm, Topstep Brokerage, is reported to be a CFTC-registered introducing broker and NFA member, but that does not cover the evaluation or your fees.
Every Topstep trader has a code on their trader profile. A new trader enters it at checkout on their first Trading Combine purchase and gets 15% off. It works once per person, cannot be combined with other promotions or used on a reset, and codes expire after 180 days.