FTMO vs Topstep: Which Prop Firm Is Better in 2026?
In short: Topstep currently rates higher by best-plan Enigma Rating. FTMO starts at $119 with a 90/10 split; Topstep starts at $49 with a 90/10 split. Code qwZjDVILzZsNmEzkfmPD applies FTMO’s discount and FE applies Topstep’s discount. The full side-by-side on Enigma Score, pricing, drawdown model and payouts follows.
By Steve H — reads every firm’s official rulebook, checks prices and codes daily, and maintains the Enigma Score · Methodology · Editorial policy · Last updated November 4, 2026
| FTMO | Topstep | |
|---|---|---|
| Enigma Score (firm) | — | — |
| Enigma Rating (best plan) | 8.6/10 (Excellent) | 8.7/10 (Excellent) |
| Best plan | Pro Evaluation 150K · $269 all-in | Labs $250K Freedom Trading Combine 250K · $499 all-in |
| Net first payout | ≈ $7,200 net | ≈ $13,500 net |
| Days to first payout | ≈ 7 trading days | ≈ 7 trading days |
| Pass Ease | 80/100 | 80/100 |
| From (with code) | $119 | $49 |
| FundedEnigma code | qwZjDVILzZsNmEzkfmPD | FE |
| Current discount | — | — |
| Profit split | 90/10 | 90/10 |
| Drawdown model | EOD trailing (locks at the initial balance) | EOD |
| Payouts | Every 4 qualifying days (Growth) or 5 (Pro); daily on the Live Funded Account | Every 5 winning days (XFA Standard) · every 3 days at 40% consistency (XFA Consistency) · no caps on the Live Funded Account |
| Max allocation | $150K per account; 3 Sim-Funded accounts at once ($450K) | $150K per account, up to 5 XFAs |
| Type | Futures | Futures |
Why each best plan scores the way it does
Topstep's best plan rates higher (8.7/10 (Excellent)). Reasons come from each plan's own rules and price, judged against plans with the same drawdown type.
FTMOPro Evaluation 150K
- +End-of-day drawdown in eval
- +End-of-day drawdown once funded, locks at the start balance
- +No consistency rule once funded
- +Higher first-payout return per $ than most plans in this market
- +Withdraw up to $100,800/month across 3 accounts
- +Reviews praise: Helpful support (12%)
- +Reviews praise: Clear rules (8%)
- −Daily loss limit $2,000
- −50% consistency rule in eval
- −First payout capped at $8,000
TopstepLabs $250K Freedom Trading Combine 250K
- +End-of-day drawdown in eval
- +End-of-day drawdown once funded
- +No consistency rule once funded
- +Higher first-payout return per $ than most plans in this market
- +Bigger usable loss buffer per $ than most plans in this market
- +Reviews praise: Fast payouts (8%)
- +Reviews praise: Helpful support (8%)
- −Daily loss limit $5,000
- −55% consistency rule in eval
Key differences
- Topstep is cheaper to start — from $49 vs $119 (a $70 difference) with code FE.
- Drawdown models differ: FTMO uses EOD trailing (locks at the initial balance), while Topstep uses EOD — often the deciding factor for active traders.
- Payout schedules differ: FTMO — Every 4 qualifying days (Growth) or 5 (Pro); daily on the Live Funded Account; Topstep — Every 5 winning days (XFA Standard) · every 3 days at 40% consistency (XFA Consistency) · no caps on the Live Funded Account.
FTMO and Topstep on video
- FTMO Futures In About A Minute: 3 Sizes (50K–150K), Growth Vs Pro, One Phase On A Monthly Subscription, End-Of-Day Drawdown That Locks At The Start, No Activation Fee, No Consistency Rule Once Funded, How FundedEnigma Rates It (8.
- 6/10 — Excellent) Against Topstep's Combine, The Sim-Funded Rules, And Payouts Every 4–5 Qualifying Days At 90/10.
- 🔑 Our FTMO Code: qwZjDVILzZsNmEzkfmPD — Use It With Our Link Above.
Prices and rules in this video are as of 2026-10-06 and may have changed — the current prices on this page were verified 2026-11-04.
- FTMO Futures In About A Minute: 3 Sizes (50K–150K), Growth Vs Pro, One Phase On A Monthly Subscription, End-Of-Day Drawdown That Locks At The Start, No Activation Fee, No Consistency Rule Once Funded, How FundedEnigma Rates It (8.
- 6/10 — Excellent) Against Topstep's Combine, The Sim-Funded Rules, And Payouts Every 4–5 Qualifying Days At 90/10.
- 🔑 Our FTMO Code: qwZjDVILzZsNmEzkfmPD — Use It With Our Link Above.
Prices and rules in this video are as of 2026-09-22 and may have changed — the current prices on this page were verified 2026-11-04.
Which should you choose?
Choose FTMO if you prefer its drawdown model or payout schedule shown in the table above.
Choose Topstep if you want a lower entry cost.
Frequently asked questions
- Is FTMO or Topstep better?
- By best-plan Enigma Rating, Topstep rates higher (8.7/10 (Excellent)). Both list verified pricing and their FundedEnigma affiliate discount — the better choice depends on your priorities (cost, drawdown model, payout speed).
- Which is cheaper, FTMO or Topstep?
- Topstep is cheaper to start, from $49 with code FE versus $119 for FTMO.
- How do payouts compare?
- FTMO pays out every 4 qualifying days (growth) or 5 (pro); daily on the live funded account, while Topstep pays out every 5 winning days (xfa standard) · every 3 days at 40% consistency (xfa consistency) · no caps on the live funded account. Check each firm's first-payout rules on its review page before deciding.
- Are there discount codes for FTMO and Topstep?
- FundedEnigma's current deals — FTMO: code qwZjDVILzZsNmEzkfmPD (standard price right now); Topstep: code FE (standard price right now). Discounts change often, so these are updated daily.
Read the full reviews: FTMO · Topstep · How the Enigma Score works