Withdrawal FAQ

You can review the withdrawal policy here.

Earning a Funded Account® is an Exciting Moment for Anyone That Participates in the Topstep Program

It’s when all of your research, discipline, and hard work finally pays off. However, reaching the funded level is not the end of your journey. This is when the stakes grow, and the lessons you learned in the Trading Combine® become even more valuable. We want you to succeed and take full advantage of your Premium Funded Account. Read on for some helpful information about taking withdrawals and sustaining your account for long-term success.

WHEN CAN I START TAKING WITHDRAWALS FROM MY FUNDED ACCOUNT?

You can review the withdrawal policy here. 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

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.  

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?

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).

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.

WITHDRAWALS IN A NUTSHELL

A lot of traders think that when they get to the Funded Account, they have made it. In reality, when you become a funded trader, the heat is turned up, and trading gets harder. 

The success rate for speculating in the futures markets is low. Topstep is here to help you beat these odds. Start slow, grow your account, cover your TMDD, and then start paying yourself. You want to get to a spot where you are continuing to build your account while also paying yourself regularly. This progression is essential to finding long-term success. 

Gradually building your account will help you remain in the Funded Account even when you experience larger drawdowns than normal. Continuing to pay yourself ensures that you don’t focus too much on unrealized profits and end up losing your account with no cash in your pocket. 

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