What is the Withdrawal Policy?

If you are looking for more general questions about withdrawals you can find those here.

What is the Withdrawal Policy?

In the Funded Account® & Premium Funded Account® traders can request a withdrawal of up to 50% of their account balance after accumulating 5 winning trading days per withdrawal request. A winning trading day is counted when a day’s Net P&L is $100 or more.

Winning days are accumulated as a running total between withdrawal requests, they do not need to be consecutive days. This means that after making a withdrawal, a trader will complete 5 additional winning trading days before being eligible for their next withdrawal. This is required for each withdrawal request.

Withdrawal Examples

Funded Account

A trader starts their Funded Account® with a $0 account balance. On their eighth trading day, they reach their 5 winning trading days with an account balance of $6,000. They request a withdrawal of 50% of their profit and receive $3,000. They continue trading in the Funded Account® with $3,000. After totaling an additional 5 winning trading days they can decide if they want to withdraw up to 50% of their profit again.

Premium Funded Account®

A trader starts their Premium Funded Account® with a $5,000 account balance. On their sixth trading day, they reach their 5 winning trading days with an account balance of $8,000. They request a withdrawal of 50% of their profit and receive $4,000. They continue trading in the Premium Funded Account® with $4,000. After totaling an additional 5 winning trading days they can decide if they want to withdraw up to 50% of their profit again.

Additional Withdrawal Information

• If a rule is broken in the account, the trader will receive their profits greater than the account’s starting balance.
• If a rule is broken in the account and there are no profits greater than the account's starting balance, no payout will be made.
• If a rule is broken in the Premium Funded Account® and the balance is below the account's starting balance, the remaining funds will be forfeited back to Topstep.
• If an account is closed due to 90 days of inactivity or a trader voluntarily requests to close their account, the trader will receive their profits greater than the starting balance.

How can I Request a Withdrawal?

You can submit a request by contacting our team through this form.

When a withdrawal is requested and approved, we will remove the funds from the trader’s live account. Our firm will then start the process of sending the funds to the trader via their requested method. Withdrawals are generally dispersed to the trader within seven (7) to fourteen (14) business days.

We can process withdrawals using the following methods:

• ACH Wire: Bank wire is available for traders with a US-based bank account (the trader does not need to be a US resident). There is no transfer fee for ACH wires. The bank account must be in the trader's name.

• Standard Bank Wire: Bank wire is available for traders with banks based outside the US. Traders living outside the US must submit their bank information using SWIFT format to ensure a successful transfer of funds. For standard wire transfers under $500, a $50 transaction fee will be applied. There is no transfer fee for wire transfers over $500. The standard wire is the quickest and most efficient method available to make withdrawals for traders outside the US. The bank account must be in the trader's name.

We are unable to process withdrawals via PayPal, and we cannot transfer funds from the Funded Account® to a personal trading account held by the trader.

What Tax Form Should I Fill Out?

The Internal Revenue Service (IRS) requires we collect certain information before any money is paid by a company (TopstepFunded, LLC) to a vendor (Funded Trader). Depending on their nationality, location, and business status, Funded Traders will either fill out a W-9, W8BEN, or W8BEN-E.

*If the IRS or other governing bodies specifically request reporting, we are obliged to provide
the information. This is rare.