Updated September 28, 2026 · BrokerCue Editorial Team
Mirae Asset Securities vs Topstep
What sets them apart
| Compare | ||
|---|---|---|
| Minimum deposit | ₹0 | $49 |
| Stock trade fee | ₹10 | $0.50 |
| Account fee | ₹0 | $0 |
| Markets | Stocks, ETFs, Options, Futures, FundsCovers more | Futures |
| Deposit and withdrawal fees | UPI free; net banking Rs7-11 + GST | 1% processing fee on debit card deposits and withdrawals; wire fee $10 outbound, $0 inbound |
| Platforms | Web Trading Platform, Trading App, Trading API | TopstepX |
| Inactivity fee | Not confirmed | $0 |
| 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 |
| Investor protection | Not confirmed | SIPC up to USD 500,000 |
| Margin rate | 8.99% | Not confirmed |
| Options contract fee | ₹10 | Not confirmed |
| Maximum retail leverage | 4X | Not confirmed |
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Key differences
- Topstep scores higher overall: 9.5 vs 9.3.
- Markets: only Mirae Asset Securities offers Stocks, ETFs, Options.
- Platforms: only Mirae Asset Securities offers Web Trading Platform, Trading App, Trading API.
- Platforms: only Topstep offers TopstepX.
- Features: only Mirae Asset Securities offers Options, Mobile app.
- Features: only Topstep offers Demo account.
- Audience: only Mirae Asset Securities offers Day traders.
Our verdict on each
Mirae Asset Securities
Mirae Asset Securities runs a low-fee broking account priced in INR that suits beginners and day traders who want flat per-trade charges. With a stock trade fee of INR 10 and an account fee of INR 0, costs stay predictable, though that flat charge leaves it behind rivals on cheaper per-trade pricing.
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 | Mirae Asset Securities | Topstep |
|---|---|---|
| Cost | 9.2The cost score of 6 reflects a INR 10 options fee and a 8.99% margin rate on a low-fee model. | 9.4HigherAccount fees are $0, the inactivity fee is $0 and the challenge costs $49, against a site median of €56.56. |
| Offer | 9.4 | 9.7Higher90% paid Every 2 weeks on a 2 step evaluation, with markets limited to futures. |
| Trust | Not confirmed | 9.5 |
Choosing between them
Pick Mirae Asset Securities if markets matter most.
Pick Topstep if offer matter most.
How they place
| Ranking | Mirae Asset Securities | Topstep |
|---|---|---|
| Futures trading platforms | 19 of 82 | 14 of 82 |
| Brokers for beginners | 25 of 88 | 17 of 88 |
Every fact side by side
| Fact | Mirae Asset Securities | Topstep |
|---|---|---|
| Features | Options, Futures, Mobile app | Demo account, Futures |
| Pricing model | Low fees | Low fees |
| Audience | Beginners, Day tradersCovers more | Beginners |
| Legal entity | Not confirmed | Topstep LLC |
| Headquarters | South Korea | United States |
| Founded | Not confirmed | 2010 |
| Support channels | Not confirmed | Email, Chat, Phone, Help centre, Community |
Where each stands against the rest
| Fact | Mirae Asset Securities | Topstep | Median |
|---|---|---|---|
| Inactivity fee | Not confirmed | $0at the median | $0 |
| Margin rate | 8.99%above the median | Not confirmed | 8.75% |
| Options contract fee | ₹10lowest quarter | Not confirmed | ₹20 |
Median across 37 listed brokers.
Pros and cons
Mirae Asset Securities
Pros
- Account fee of INR 0 and a minimum deposit of INR 0, so nothing is charged to hold or open.
- Flat INR 10 per stock trade and INR 10 per options contract, which makes costs easy to model.
- Margin available at a rate of 8.99% with retail leverage of 4X.
Cons
- The stock trade fee of INR 10 ranks 98 of 161, behind cheaper per-trade rivals.
- Cash movement follows UPI free; net banking Rs7-11 + GST, so moving money in and out is not entirely cost free.
- A margin rate of 8.99% on leverage of 4X magnifies losses as well as gains on borrowed positions.
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
Mirae Asset Securities
Who it suits
- Beginners opening a first account, with a minimum deposit of INR 0.
- Day traders working in options and futures, with a contract fee of INR 10.
- Traders who want web, app and API access under one low-fee account.
Who should look elsewhere
- eToro, which charges $0 per stock trade.
- Vantage, which sets a minimum deposit of $5 where CFI asks for $0.
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
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
Mirae Asset Securities
How much does it cost to trade stocks?+
A stock trade costs INR 10 and an options contract fee of INR 10 applies. The account fee is INR 0, so nothing is charged for holding the account open. The flat per-trade charge is simple to model, though it sits above commission-free rivals.
Is there a minimum deposit?+
The minimum deposit is listed as INR 0, so an account can be opened and funded in small steps. With an account fee of INR 0 there is no standing cost before you trade. Watch cash movement instead, where charges follow UPI free; net banking Rs7-11 + GST.
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.
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