Topstep is making waves with some major updates to its payout policies and trading rules. If you’re one of their traders, these changes could have a significant impact on how you operate. Let’s break it down so you know what to expect.
What’s Changing?
Topstep, one of the most popular prop trading firms, has announced updates to their Express Funded Account (XFA) rules, combining limits, and resets. The most talked-about change? A cap of $5,000 per payout request per account for XFA traders. However, this rule applies only to Express Funded Accounts created on or after December 6. If your XFA predates this, you’re in the clear.
Under the new payout policy, you can request up to 50% of your account balance per payout request. This means if you have five XFA accounts, you could theoretically request up to $25,000 in payouts across all accounts. With another five winning days, you could do it again, hitting a potential $50,000 in just ten days. That’s a significant opportunity if you play your cards right.
For live funded accounts, there’s no need to worry—this change doesn’t apply to you.
Why the Change?
Topstep is aiming to promote more sustainable trading behaviors. In the past, traders who scored big wins through high-risk strategies could request massive payouts, creating volatility for both the trader and the firm. The new rules help strike a balance between profitability and stability, fostering better trading habits.
But there’s more than just payouts changing.
Purchase and Reset Limits
Starting now, you can only purchase 10 combines per month and reset an account twice a day. This means you’ll need to carefully plan your combines and avoid over-relying on resets. The aim here is clear—Topstep wants traders to focus on improving their strategies, not relying on resets as a safety net.
What About Live Funded Traders?
If you’ve moved to a live funded account, you’re looking at more opportunities than ever. You can start with a six-figure account balance and take uncapped payouts, putting you in a prime position to maximize your earning potential. Plus, Topstep’s risk team may increase your account parameters if you demonstrate strong performance.
In addition, live traders get direct access to the Topstep Trade Desk, where professionals monitor your performance and provide guidance. Whether you’re locking in a profit after a big day or fine-tuning your strategy, this hands-on support is a valuable perk.
What’s in It for You?
Topstep is emphasizing trader development, offering benefits like:
- Bigger account balances and payouts.
- Direct access to trade desk professionals.
- Resources like trading psychologists and coaches to help you refine your skills.
These updates are all about making you a better, more disciplined trader. Sure, there are limits, but the goal is to create an environment that rewards consistent performance, not just lucky streaks.
How Should You Adapt?
If you’re an XFA trader, it’s time to adjust your strategy to the new rules. Focus on building sustainable, consistent trading habits. And if you’re thinking about jumping into live accounts, the benefits might just make it worth your while.
Remember, these changes don’t have to be a setback—they’re a chance to evolve. What do you think of these new policies? Share your thoughts in the comments below.
