Updated September 28, 2026 · BrokerCue Editorial Team
Funding Pips vs Topstep
What sets them apart
| Compare | Funding Pips ReviewSee alternativesSee alternatives |  Topstep |
|---|---|---|
| Challenge price | $29 to $555Lower | $49 |
| Profit split | 100%Higher | 90% |
| Account sizes | $5K, $10K, $25K, $50K, $100K | $50K, $100K, $150K buying power |
| Payout frequency | Weekly, bi-weekly, monthly, daily, on demand | Every 2 weeks |
| Maximum drawdown | 12% | Not confirmed |
| Daily loss limit | 4% | Not confirmed |
| Regulators | Not confirmed | National Futures Association (NFA) registered introducing broker, Topstep Brokerage LLC, Commodity Futures Trading Commission (CFTC) registered FCM / NFA member, Plus500US Financial Services LLC |
Same on both: Evaluation steps (2 step).
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Key differences
- Topstep scores higher overall: 9.5 vs 9.2.
- Founded is lower at Topstep: 2010 vs 2022.
- Challenge price is lower at Funding Pips: $29 to $555 vs $49.
- Profit split is higher at Funding Pips: 100% vs 90%.
- Support channels: only Topstep offers Phone.
Our verdict on each
Funding Pips
Funding Pips suits traders who want the full profit split and roomy drawdown rules on a 2 step evaluation at a $29 to $555 entry fee. The generous 12% limit and 100% share sit at the top of the field, though the entry cost is higher than some rivals.
Topstep
Topstep suits beginners who want a low-cost route into futures prop trading, pairing a challenge price of $49 with a profit split of 90% that is competitive without topping the table. The brokerage account adds an account fee of $0 and payouts Every 2 weeks, so it suits a funded account you plan to grow.
Score breakdown
| Area | Funding Pips | Topstep |
|---|---|---|
| Cost | 9.8HigherChallenge fees run $29 to $555, from the lowest tier to the largest, with $5K, $10K, $25K, $50K, $100K to size the buy. | 9.4Account fees are $0, the inactivity fee is $0 and the challenge costs $49, against a site median of €56.56. |
| Offer | 9.8HigherA 100% profit split and Weekly, bi-weekly, monthly, daily, on demand payouts, with a 12% maximum drawdown and a 4% daily loss limit. | 9.790% paid Every 2 weeks on a 2 step evaluation, with markets limited to futures. |
| Trust | 8.3 | 9.5Higher |
Where they rank in our lists
| Ranking | Funding Pips | Topstep |
|---|---|---|
| Prop trading firms | 12 of 37 | 7 of 37 |
Cost in a real example
Pass one challenge, then make 10,000 profit
Funding Pips
$9,445 to $9,971
100% of 10,000 - 1 × $29 to $555
Topstep
$8,951
90% of 10,000 - 1 × $49
Funding Pips comes out $1,020 ahead.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
A third option
Alpha Capital Group has challenge price at $27, against $29 to $555 for Funding Pips and $49 for Topstep.
Alpha Capital Group reviewEvery fact side by side
| Fact | Funding Pips | Topstep |
|---|---|---|
| Legal entity | FundingPips Corp | Topstep LLC |
| Headquarters | Comoros | United States |
| Founded | 2022 | 2010Lower |
| Support channels | Email, Chat, Help centre, Community | Email, Chat, Phone, Help centre, CommunityCovers more |
Brokers
| Fact | Funding Pips | Topstep |
|---|---|---|
| Minimum deposit | Not confirmed | $49 |
| Stock trade fee | Not confirmed | $0.50 |
| Account fee | Not confirmed | $0 |
| Inactivity fee | Not confirmed | $0 |
| Markets | Not confirmed | Futures |
| Investor protection | Not confirmed | SIPC up to USD 500,000 |
| Features | Not confirmed | Demo account, Futures |
| Pricing model | Not confirmed | Low fees |
| Audience | Not confirmed | Beginners |
| Deposit and withdrawal fees | Not confirmed | 1% processing fee on debit card deposits and withdrawals; wire fee $10 outbound, $0 inbound |
| Platforms | Not confirmed | TopstepX |
Where each stands against the rest
| Fact | Funding Pips | Topstep | Median |
|---|---|---|---|
| Challenge price | $29 to $555lowest quarter | $49below the median | $75 |
| Profit split | 100%highest quarter | 90%at the median | 90% |
| Maximum drawdown | 12%highest quarter | Not confirmed | 10% |
| Daily loss limit | 4%above the median | Not confirmed | 3% |
Median across 26 listed brokers.
Pros and cons
Funding Pips
Pros
- The profit split is 100%, first of 13 brands compared on that measure.
- A 12% maximum drawdown ranks first among 8 brands measured for it.
- Payouts run Weekly, bi-weekly, monthly, daily, on demand, so funded traders are not held to a single cycle.
Cons
- The challenge price of $29 to $555 is higher than the entry fee of Alpha Capital Group at $27.
- The daily loss limit of 4% tightens the risk a trader can take on a single session.
- Support runs on email, chat and help centre only, with no phone line listed.
Topstep
Pros
- Entry is priced at $49 for a 2 step evaluation, with a profit split of 90%.
- The brokerage account fee is $0 and the inactivity fee is $0, so an account left open does not slowly bleed money.
- Payouts arrive Every 2 weeks, a steadier rhythm than a single monthly cycle.
Cons
- The split of 90% leaves a share of profits with the firm, where Apex Trader Funding shares 100%.
- Markets are futures only, against 80.6% of the brands here that cover stocks.
- Topstep ranks 7 of 21 on challenge price, and Alpha Capital Group lists $27 for its own challenge.
Who each suits
Funding Pips
Who it suits
- Traders chasing the full 100% rather than a reduced share of profits.
- Anyone who wants a 12% maximum drawdown rather than a tighter cap.
- Traders who prefer Weekly, bi-weekly, monthly, daily, on demand payouts to waiting on a monthly cycle.
Who should look elsewhere
- Traders shopping on the lowest entry fee alone, since Alpha Capital Group lists $27 and OFP Funding lists $35.
- Anyone who needs phone support, as the listed channels are email, chat and help centre.
- Traders who want a longer evaluation, since the route here is 2 step.
Topstep
Who it suits
- Beginners testing futures prop trading, since beginners lists beginners and demo account and futures includes a demo account.
- Traders who want low running costs on a funded account: an account fee of $0, an inactivity fee of $0 and 90% kept of profits.
- Anyone weighing entry price against share, since Funding Pips runs challenge prices of $29 to $555, a different price point to Topstep's $49.
Who should look elsewhere
- Traders who want the whole profit, since Apex Trader Funding shares 100% against the 90% kept here.
- Anyone trading stocks, ETFs or crypto, because the market list is futures.
- Budget-first buyers, since Alpha Capital Group lists $27 for its challenge.
Current offers
Funding Pips
Current offer
Discount code
20% off first challenge with code HELLO: 20% off first challenge
Excludes 100K accounts
Source, checked September 26, 2026
Free trial
Free Trial evaluation: Free evaluation on 2 Step and 2 Step Pro models
No purchase required, MT5, USD, 14 calendar days per evaluation phase, same targets and loss limits as the paid models
Source, checked September 26, 2026
Topstep
Current offer
Discount code
Responsible Trading Advantage discounts: Up to $30/month
Add a Daily Loss Limit to unlock exclusive benefits, including larger payout caps and discounts on eligible accounts; listed as -$10 / -$20 / -$30 on the $50K / $100K / $150K accounts
Source, checked September 26, 2026
Discount code
Topstep Trading Combine monthly discount: -$10 to -$30
One-time activation fee paid after passing the Trading Combine; discount is shown alongside the eligible account price
Source, checked September 26, 2026
Questions about each
Funding Pips
What does a Funding Pips challenge cost?+
Fees run $29 to $555 in total depending on the account you pick, and the site median for a challenge like this is €56.56. Because the evaluation is 2 step, the total entry cost covers a shorter route to a funded account than a longer staged process would.
How much of my profits do I keep?+
The profit split is 100%, so a funded trader keeps the whole of the profits. That is the strongest point on the sheet for anyone comparing shares, and it is why the entry fee sits above some rivals.
Topstep
How much does the Topstep challenge cost?+
The evaluation fee is $49, and the same figure is listed as the minimum deposit, so that is the outlay before any trading. For context, the median challenge price across the brands here is €56.56. A failed attempt means paying the fee again to try, so treat it as a cost of repeated attempts rather than a single ticket.
What profit do I keep and how quickly are payouts made?+
Once funded, you keep 90% of the profit, and payouts go out Every 2 weeks. The split is a percentage of profit rather than a flat fee, so a thin month does not eat into it. The cadence matters as much as the percentage for cash flow, since a good month reaches your account sooner with a frequent schedule.
Other options to compare
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