Topstep Rules include the Maximum Loss Limit (MLL) to ensure traders manage their risk effectively, with a $50K account offering a $500 gain that can adjust the $48,500 MLL accordingly.
TopstepX, Tradovate, and Quantower support copy trading.
Topstep Rules Overview
The following sections outline essential rules and restrictions set by Topstep Prop Firm; Topstep Trading Condition Topics:
- Maximum Loss
- Copy Trading
- Bot Trading
- News Trading
- Trading Assets Limits
- Payout
Topstep Maximum Loss Rules
The maximum loss limit (MLL) is the main rule when trading with the prop firm; Topstep MLL:
- MLL Calculation: The MLL is calculated from the highest account balance at the end of each trading day;
- Example: If a $50K account gains $500 on the first day, the MLL will be set at $48,500;
- Permanent MLL: If the account grows to $52,500, the MLL will lock at $50K permanently;
- Account Liquidation: If the account falls below the MLL, the account will be liquidated;
- End-of-Day Update: The MLL is calculated at the end of each trading day and will not adjust during the day’s trading;
- No MLL Adjustments: Traders cannot request changes to the MLL, and payouts do not affect it.
Topstep Copy Trading Restrictions
Copy trading is allowed on the Topstep platform, but there are certain conditions for using this feature; Topstep Copying Rules:
- Supported Platforms: You can copy trades on TopstepX, Tradovate, Quantower, and R|Trader Pro;
- Fair Trading: Copy trading should not be used for exploiting or manipulating the system;
- Account Restrictions: Copy trading is only allowed between personal accounts or with specific evaluation accounts.
Topstep Bot Trading Rules
At present, Topstep does not support the use of bots or algorithmic trading on its platform. However, it’s clear that they are planning to expand their features in the future, so bot trading may become available later.
Topstep News Trading Rules
Topstep allows news trading, but there are guidelines to prevent traders from overleveraging during volatile news events; Topstep Trading News Limits:
- Volatility Risks: Trading into major news events can be risky due to increased volatility;
- Maximum Position Size: You must avoid exceeding your maximum position size when trading major news events.
Topstep Trading Assets Limits
Topstep offers a variety of assets for traders to choose from, including major commodities, indices, and even cryptocurrencies. Topstep Assets Limits:
- Gold (GC), Crude Oil (CL), Silver (SI)
- E-Mini NASDAQ 100 (NQ), E-Mini S&P 500 (ES)
- Micro Bitcoin (MBT), Micro Ether (MET), Micro Crude Oil (MCL)
- Natural Gas (NG), Copper (HG), Platinum (PLN)
*Trading Limits: TopstepX allows 10x Micro to Minis contract ratios with a 5:1 contract ratio for Silver.
Topstep Payout Rules
Topstep provides a generous payout policy; Topstep Rules for Payouts:
- Weekly Payouts: Traders can request payouts once they accumulate 30 winning trading days;
- Express Funded Account: Traders can request up to $5,000 or 50% of the account balance after five winning trading days with a Net PNL of $200 or more per day;
- Live Funded Account: Similar rules apply for Live Funded Accounts, with payouts available after five winning trading days and a Net PNL of $200 per day.
Writer’s Opinion and Conclusion
Topstep Rules allow news trading, but bot trading is not available now.
You can access Gold (GC), Crude Oil (CL), and E-Mini S&P 500 (ES), with weekly payouts available after 30 winning days and a $200 Net PNL per day.
The firm also offers $5,000 payout options and a 50% payout on Live Funded Accounts.
Check out Topstep Tutorials for more articles about the firm.
