US-based proprietary trading group Topstep has launched Topstep Brokerage, expanding its operations into the brokerage space and introducing a structured path from prop trading to independent futures trading.
With the new offering, traders can transfer payouts earned through Topstep’s prop trading programs directly into personal brokerage accounts. Topstep confirmed that the brokerage will operate as an introducing broker and will support live futures trading. The company plans to launch the service later in 2026 and opened a waitlist on January 27.
Transition from Prop Trading to Independent Accounts
Under the new structure, traders who generate profits within Topstep’s proprietary trading environment can use those funds to capitalise their own brokerage accounts. In addition, the brokerage will support traditional funding methods, allowing traders to choose how they build their trading capital.
This model creates a direct progression from simulated and funded prop trading to trading with personal capital. Topstep stated that the brokerage will operate alongside its existing prop trading programs rather than replacing them.
At launch, Topstep Brokerage will use the TopstepX trading platform, which already supports the company’s evaluation and funded trading operations.
Brokerage Structure and Technology
Topstep Brokerage is registered as an introducing broker with the Commodity Futures Trading Commission and is a member of the National Futures Association.
To support its brokerage operations, Topstep partnered with Plus500. The partnership provides access to trading technology, risk management infrastructure, and futures commission merchant (FCM) clearing services.
Topstep did not disclose pricing details, margin requirements, or a full list of supported instruments. The company also did not confirm whether it plans to expand beyond futures trading in future phases.
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Broader Topstep Ecosystem
Founded in 2010, Topstep operates a multi-segment trading ecosystem. Its core business focuses on proprietary trading evaluations that assess trader discipline and risk management before granting access to firm capital.
Beyond prop trading, the group also operates the TopstepX trading platform and media offerings aimed at retail traders. With the launch of Topstep Brokerage, the company extends its footprint into retail brokerage services.
This expansion positions Topstep across both funded and independent trading environments. However, the company did not announce changes to its existing prop trading programs as part of the brokerage launch.
Market Developments
The brokerage launch comes as several prop trading firms explore hybrid models that combine evaluation-based funding with brokerage or live trading services.
Across the sector, firms continue to test new structures that support trader progression, capital allocation, and long-term engagement. These developments reflect ongoing changes in how proprietary trading firms structure trader pathways.
Topstep did not comment on whether similar brokerage integrations will become standard across its prop trading programs. The company also did not provide a timeline for future product expansions.
No financial terms related to the brokerage launch or partnership arrangements were disclosed.
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