Congratulations again and welcome to the big leagues! It’s time to talk about what every trader cares about most — paying yourself. You should always pay yourself after a few winning days, but don’t forget that trading isn’t a one-and-done activity. Pay yourself while also positioning yourself for the long haul.
In the Express Funded Account, traders can request a payout of up to 50% of their account balance after accumulating five winning trading days per payout request. A winning trading day is counted when a day’s Net PNL is $100 or more.
Winning days are accumulated as a running total between payout requests, they do not need to be consecutive days. This means that after making a payout, a trader will complete five additional winning trading days before being eligible for their next payout. This is required for each payout request.
You can submit a request by emailing support@topstep.com. Please use the subject Express Funded Account Payout Request so we can assist you in a timely manner.
When a payout is requested and approved, we will remove the funds from the trader's account. Topstep will then start the process of sending the funds to the trader via their requested method. Payouts are generally dispersed to the trader within seven (7) to fourteen (14) business days.
We can process payouts using the following methods:
We are unable to process payouts via PayPal, and we cannot transfer funds from the Express Funded Account to a personal trading account held by the trader.
Traders will receive 100% of the profits from payouts, 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 payouts and Topstep retaining 20% of the requested payout. To be clear, this is per trader. If you take $5,000 and then lose your Express Funded Account, your next funded-level account payout will be 80/20 when you start back up again.
Once the payout 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 payout).
When Topstep determines that a trader has shown success in the Express Funded Account you will receive an offer to transfer to a live account. At that time, the Express Funded Account will be closed in order to transfer the funds and open the live account.
The full balance of the Express Funded Account will be the starting balance of the subsequent live account. If you were eligible for a payout at the time of the Express Funded Account closure you can request a payout per the payout policy above. Otherwise, you will need to follow the Withdrawal Policy in the live account.
The difference to the Withdrawal Policy for this type of live account is that you will be eligible to receive your full account balance above $0 if a rule is broken in the account.
The Internal Revenue Service (IRS) requires we collect certain information before any money is paid by a company (TopstepTrader, LLC) to a vendor (Trader). Depending on their nationality, location, and business status, Funded Traders will either fill out a W-9, W8BEN, or W8BEN-E.
Your Nationality |
Your Current Location | Your Business | Form to Complete | Payment Information Reported to |
---|---|---|---|---|
United States | Anywhere | Individual or Company | W-9 | IRS – if total yearly payment is $600+ |
Non-US Citizen | United States | Individual or Company | W-9 | IRS – if total yearly payment is $600+ |
Non-US Citizen | Anywhere EXCEPT the United States | Individual | W-8BEN | No one, held in our records* |
*If the IRS or other governing bodies specifically request reporting, we are obliged to provide
the information. This is rare.