Withdrawal FAQ

You can review the withdrawal policy here. Need more help figuring out when to withdraw? Check out the When, How, and Why to Pay Yourself blog written by our Risk Manager, Mick.  

WHAT IS THE PROFIT SPLIT?

Traders will receive 100% of the profits from withdrawals, up to a total of $5,000. After the first $5,000 of funds have been received by the trader, the profit split will become 80/20, with the trader receiving 80% of withdrawals and Topstep retaining 20% of the requested withdrawal. To be clear, this is per trader. If you withdraw $5,000 and then lose your Funded Account, your next Funded Account withdrawal will be 80/20 when you start back up again.

Once the withdrawal request is processed, the Trailing Max Drawdown will be automatically set to the starting account balance (the trader cannot allow the account balance to reach or go below $0 after a withdrawal).

WHEN SHOULD I START TAKING WITHDRAWALS FROM MY FUNDED ACCOUNT?

If you take any withdrawals before your Trailing Max Drawdown (TMDD) reaches $0, your TMDD will automatically be set to $0 with a withdrawal. 

To maintain your Topstep account for an extended period of time and take regular withdrawals, we recommend making your TMDD $0 before considering a withdrawal. To make your TMDD $0, you will need to reach the corresponding levels of profits (dictated by your account size):

Below is a list of all account sizes and their corresponding TMDD for reference:

Account Size:

Trailing Max Drawdown:

$10,000 (Swing)

$1,000

$30,000 

$1,500

$50,000

$2,000

$100,000

$3,000

$150,000

$4,500

HOW DO WITHDRAWALS IMPACT MY ACCOUNT PARAMETERS?

Again, your TMDD will always be set to $0 after any withdrawal. If your TMDD has already reached $0 and you then make a withdrawal, your TMDD will remain at $0, and the capital remaining in your account will be the maximum amount you will be able to lose. 

Your Daily Loss Limit and Weekly Loss Limit will not be impacted by a withdrawal.

HOW DO WITHDRAWALS IMPACT MY MAX POSITION SIZE?

Withdrawals could potentially impact how much leverage you have and the amount of risk you can take. The scaling plan will determine what impact your withdrawal has on your account. If your withdrawal brings you down scaling level(s), your account will be set to the corresponding buying power. This means that a withdrawal could result in you not being able to trade as many contracts.

Need a refresher on the Scaling Plan levels? See WHAT IS THE SCALING PLAN?

HOW DO I WITHDRAW MONEY FROM MY FUNDED ACCOUNT? WHAT IS THE PROCESS?

See HOW CAN I MAKE A WITHDRAWAL? for more information about how to request a withdrawal.

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