Topstep and FunderPro are both funded evaluation firms, but they serve fundamentally different trader profiles. Topstep, founded in 2012 in Chicago, is the original name in CME futures-based prop trading. It operates exclusively on CME Group markets, has distributed more than $1 billion to funded traders, holds a 3.4/5 Trustpilot rating from over 13,800 reviews, and channels all traders through a single proprietary platform – TopstepX. FunderPro, launched in February 2023 and headquartered in Malta, is a multi-asset CFD firm built around its Daily Rewards flagship feature, which allows funded traders to withdraw profits every day. It offers four program types – One Phase, Classic (2-Phase), Pro (2-Phase), and Instant Funding – across account sizes from $5,000 to $200,000 with scaling to $5,000,000. Where Topstep’s 100% first-$10K profit structure rewards early performance, FunderPro’s daily payout frequency and 90% split (with add-on) suit traders who prioritise cash-flow consistency. Topstep is futures-only; FunderPro covers forex, indices, commodities, crypto, and stocks via TradeLocker, cTrader, and MetaTrader 5. The key trade-off: Topstep offers deeper CME futures infrastructure and community; FunderPro offers multi-asset breadth, daily payouts, and a faster scaling path to $5M.
Yes – FunderPro’s Daily Rewards feature is its headline differentiator. Funded traders can submit a withdrawal request every day, with payments processed via RiseWorks (fiat to local bank) and USDC (ERC-20), typically processed within ~8 hours. The minimum withdrawal is $50. Topstep does not advertise a daily payout feature; its payout schedule details are not specified in the KB.
How does the drawdown structure differ between the two firms?
Topstep uses an EOD trailing Maximum Loss Limit (MLL) that locks-in as equity grows – effectively a trailing drawdown of $2,000/$3,000/$4,500 depending on account size – with no daily loss limit whatsoever. FunderPro uses a fixed 10% maximum drawdown calculated from the initial balance (non-trailing), plus a strict 5% daily loss cap. For traders who prefer no daily cap and a trailing floor, Topstep is more permissive intraday. For traders who prefer a fixed drawdown floor that doesn’t move, FunderPro’s structure may feel more predictable.
Can I use automated strategies (EAs) at both firms?
Topstep explicitly permits EAs with no stated restrictions. FunderPro also allows automated strategies, but with an important condition: traders must own the source code of any EA they deploy. Rented or third-party bots are prohibited. Additionally, FunderPro prohibits hedging and arbitrage strategies entirely. Traders who use commercially licensed EAs should check this rule carefully before applying to FunderPro.
Which firm offers better scaling potential?
FunderPro has the more aggressive scaling plan: 25% account growth after every 3 consecutive profitable months, up to a maximum of $5,000,000 in funded capital. Topstep does not publish a scaling path beyond the $150K Trading Combine size. For traders whose goal is to manage large capital, FunderPro’s five-times scaling structure gives it a clear edge in this category.
Which firm is better for forex and crypto traders?
FunderPro. Topstep trades exclusively on CME Group futures – it does not offer spot forex, crypto CFDs, or stock CFDs. FunderPro provides access to major, minor, and exotic forex pairs, global indices, commodities, Bitcoin, Ethereum, altcoins, and US/international stocks, on TradeLocker, cTrader, and MetaTrader 5. If your strategy involves spot forex or crypto, FunderPro is the only viable option of the two.
How was this 2 companies Comparison Created?
This comparison was compiled using published review data available on JoinProp for each firm. All figures – fees, profit targets, drawdown limits, payout structures – are sourced directly from each firm’s review page. Where a detail is not publicly disclosed by the firm, the cell reads “Not specified.” Verify current terms directly with Topstep and FunderPro before purchasing a challenge.
