Apex Trader Funding vs TopStep 2026

Last Updated: March 19, 2026 — Verified Active Deals

Updated March 2026

Complete comparison of two leading futures prop firms for traders

Head-to-Head Comparison

Head-to-Head Comparison
Feature	Apex Trader Funding	TopStep
Challenge Fee	$349 - $499	$225 - $399
Account Sizes	$25K, $50K, $100K, $200K	$25K, $50K, $100K, $200K
Profit Split	80% trader / 20% firm	80% trader / 20% firm
Daily Drawdown	5% (Apex Pro) / 10% (Apex Plus)	5%
Total Drawdown	10%	10%
Instrument	CME Micro Futures	CME Micro Futures
Scaling Plan	Yes - 8 phases	Yes - Growth Ladder

                Key Insight: Both firms offer identical profit splits and drawdown rules, but Apex offers more flexible challenge options with varying daily drawdown limits, while TopStep maintains a consistent 5% daily drawdown across all accounts.
            

Apex Trader Funding Overview

Apex Trader Funding has established itself as a premier prop firm focusing exclusively on CME micro futures trading. The platform provides traders with access to real capital after passing a two-phase evaluation challenge.

Apex Strengths

Multiple account sizing options for different trader levels
Apex Pro and Apex Plus tiers with different drawdown allowances
Fast scaling opportunity with 8 phase progression
Transparent fee structure with no hidden costs
Strong community and educational resources

Apex Weaknesses

Higher challenge fees compared to some competitors
Futures-only trading (no forex or crypto options)
Stricter rules on certain trading strategies

TopStep Overview

TopStep is one of the oldest and most established prop firms in the industry, with over a decade of experience evaluating and funding traders. They focus exclusively on CME micro futures trading with a straightforward evaluation process.

TopStep Strengths

Lowest challenge fees in this comparison
Industry veteran with strong reputation
Consistent rules across all account sizes
Growth Ladder scaling system for consistent progression
Established payout infrastructure

TopStep Weaknesses

Less flexibility in account tier options
Fixed 5% daily drawdown (less room for larger accounts)
Older platform interface compared to newer competitors

Trading Rules & Restrictions

Apex Trader Funding Rules

Apex allows scalping and day trading on CME micro futures with specific restrictions. Traders must adhere to the daily and total drawdown limits, but have flexibility in holding overnight positions. The firm prohibits news trading during major economic announcements, and traders must maintain a minimum of 1:1 risk-reward ratio on their trades.

TopStep Rules

TopStep enforces similar trading rules focused on risk management. The platform prohibits hedging strategies and requires traders to close all positions by end of day. News trading is restricted during major economic releases, and traders cannot use algorithms or automated trading systems.

Pricing & Challenge Fees Breakdown

Apex Pricing (2026)

$25K Account Challenge: $349 | $50K: $449 | $100K: $499 | $200K: $499

Apex Plus tier allows more flexible drawdown limits for an additional fee, providing traders with more breathing room if they prefer.

TopStep Pricing (2026)

$25K Account Challenge: $225 | $50K: $299 | $100K: $349 | $200K: $399

TopStep consistently offers the lowest challenge fees, making it an attractive entry point for new traders looking to test the waters.

                Pro Tip: Use the code "PFDF" on PropFirmDealFinder to access current promotional rates for both Apex and TopStep. Download our free iOS app to track all active promo codes and get instant notifications when new discounts drop.
            

FAQ

Which firm is better for beginners: Apex or TopStep?

TopStep is generally better for beginners due to lower challenge fees ($225 vs $349 for $25K accounts), allowing you to test the platform at a lower cost. However, Apex offers more account flexibility with its Plus tier if you need higher drawdown limits.

Can I switch between Apex and TopStep?

Yes, traders can maintain accounts with both firms simultaneously. Many successful traders participate in multiple prop firms to diversify their income streams and leverage their strengths.

How long does the challenge take?

Both Apex and TopStep challenges typically take 30-90 days to complete, depending on your trading frequency and whether you meet profit targets early. Once passed, you move immediately to the funded phase.

Are payouts guaranteed?

Payouts are sent regularly (usually weekly or bi-weekly) once you're in the funded phase. However, you must maintain the drawdown limits and follow all trading rules to keep your funded account active.

Which firm allows news trading?

Neither firm permits news trading during major economic announcements. Both have restrictions on trading during high-impact news events. However, swing trading and position trading are generally allowed outside of these restricted periods.

Final Verdict

Choose Apex Trader Funding if: You want maximum flexibility with multiple account tiers, enjoy the option to scale your drawdown limits, and are willing to pay slightly higher challenge fees for additional features and support.

Choose TopStep if: You're budget-conscious and want the lowest entry costs, prefer a straightforward and consistent rule set, and value the firm's long-standing reputation and industry experience.

Both firms are excellent choices for serious futures traders. The decision ultimately comes down to your trading style, budget, and preference for flexibility versus simplicity.

Ready to Start Trading?

Both Apex Trader Funding and TopStep offer real funding opportunities for skilled traders. Check PropFirmDealFinder for current discount codes and promotional offers before starting your challenge.

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